Bernanke: Shut down banks if they threaten system

Comment

Comment by VideoMonkey on September 4, 2010 at 12:18am

When I talk about bad times, I mean things like this: http://www.telegraph.co.uk/news/worldnews/africaandindianocean/moza...

Comment by VideoMonkey on September 4, 2010 at 12:03am

http://www.wittycomics.com/comic/22247
Here is a good one from a while back that is relevant....it's called 'Political Joke'

Comment by VideoMonkey on September 3, 2010 at 10:58pm

I think it's destined to collapse eventually, whether by design or not...but when it does I'm sure the IMF will be there to put 'order out of chaos' for the government to sustain the system (until there is a One World Government) and look like it's all good and right...
If it is shut down by a true and just government, like Ron Paul might give us, then the government would know better than to just borrow from Peter to pay Paul, cause Peter and Paul are the same guys....
In the first case it would suck big time and end with us as slaves or starving to death.
In the second case, I'm sure we would have some warning and prepared time and some actual help and support.
I liked your comic! It has the wit of satire...truth and irony mixed...
I used to make a bunch of Witty Comics, I think I'm going to get making more...relevent ones.
You can see my old comics here:
http://www.wittycomics.com/users/videomonkey

Like I said, I am no economist...I think I can safely say that dollar values will plummet to a fraction of its value and I can see massive losse of jobs because we now have a mostly service based economy and who will be able to afford that trip to the spa or dinner out when dollar are worth about 2 cents?
I'm only guessing at the numbers I said in my post or basing them on numbers that I've heard (mostly the OH CANADA, OUR BOUGHT AND SOLD OUT LAND video), I have no way to verify them on paper. Nor can I show how bad it will be or the effects on our stock market or the value of gold or anything else. I dislike not having concrete facts to go on, but this seems like solid speculation.
I also only speculate that the enconomy will bouce back because Russia did. It's kind of a different situation. The fact that we might have some warning might help a lot of us out. Buying gold is the way to go, and people who are prepared all ready like Mother of 7 will do a lot better, but I think it will be, as Alex Jones likes to put it, a Road Warrior senario. In Russia there was a lot of looting and robbing and even cannibalism. They ate their pets and anything else and the military, because they had guns, took power and robbed civilians. I think if we have a government who started the ball shutting down the FED, would be solid in warning us and it's militart would be solid and keep everything as well as can be..sure there would be problems but likely not worse that the USSR had.

The problem is that people, myself included, who have some savings and some promise of a pension would likely lose it all. It would be like a total reboot of societies money-class system. I could live with it because I'm losing money and my savings are nothing spectacular but others might not be so willing. All investments would certainly plummet to mere fractions of their value..

Comment by djprophet on September 3, 2010 at 4:06pm

A comic Laugh that is related to the above topic

http://www.wittycomics.com/comic/61716

Do you think the Fed is on its way down????

Comment by djprophet on September 2, 2010 at 8:35pm

Stan.

You sound like a good economist to me!!!

Comment by VideoMonkey on September 2, 2010 at 3:26pm

It would be nice to see an end to the FED...I'm sure if it happened my country would follow suite...
Our Bank of Canada is still technically government run, not private like the FED, and it could technically be made to print enough money to pay off the deficit and we would have our enconomy back and save $160 000 000 milion tax dollars in interest per day.
I do believe, from what I understand but I'm no economist, that if this were to happed with either the FED or the Bank of Canada the economy would be ruined. Our money would drop drastically in value and we would end up like the USSR after it's collapse with things costing outrageous amounts of money (like a $1000 for a pair of jeans or $40 for a loaf of bread). But look at Russia now, they bounced back in a few years and with a stronger economy than ours, although they are going down again as they get involved with that evil IMF (same guys as the FED)...we'd have to pull up our socks, not buy the latest i-phone gizmos and other shiny junk and make do with what we currently own and whatever government that brings this miracle about will have to get and deserve our fullest support and the government in turn would have to help feed us (but this should not be too much of a problem with them saving all that interest that they normally pay)...
Sure it would be tough...but our current system is not sustainable and it is going to collapse eventually, only it will be the NWO who pick up the peices and we will be nothing more than slaves if we want to eat. As it stood earlier this year Canada was in hock to the international banking cartel for 800 billion dollars, which is where I get the approx $160 000 000 a day interest. The USA is in for about 10 trillion dollars I understand....not sure about the USA because I know they give a good chuck of the pie to defense, but in Canada close to 70% of tax dollar revenue just goes to the interest...and it gets worse as time goes on so other government services (healthcare, education, etc) get cut...think of the quality of these services if suddenly the availible funding were almost tripled!