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Subject: International think tank predicts world economy will collapse

by 2030. If the economy is bad as it is today, wouldn't thAt means the system we have doesn't work? It seems that today we are in danger of extinction just becuase we couldn't play monopoly right. Obviously we need a better way for the sake of the economy, otherwise there is a 50% chance we will be homeless becuase of prices of paper.

  • 11.29.2012 10:58 AM PDT

The HELL you are! These are precious gifts to me and they are non-transferable! How dare you regift my challenge prize. You might as well hock a wedding ring for beer money. -DeeJ

Never saw this coming.

  • 11.29.2012 11:00 AM PDT

ALL HAIL THE MIGHTY CHROME.

Everything needs restructuring. The way things work in the economy is too -blam!- up. Too much corruption. I wouldn't doubt it if it does.

  • 11.29.2012 11:01 AM PDT

you killed poonflip!

the flippiest poon i ever knew!

1. A lot of people have seen this coming.

2. Global economic collapse =/= extinction

  • 11.29.2012 11:26 AM PDT
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A prediction made in 1972...

In other news, the planet will explode on Dec 21, 2012.

  • 11.29.2012 11:27 AM PDT


Posted by: rat lord09
1. A lot of people have seen this coming.

2. Global economic collapse =/= extinction

  • 11.29.2012 11:28 AM PDT

Oh, you think darkness is your ally. You merely adopted the dark. I was born in it, molded by it. I didn’t see the light until I was already a man. By then, it was nothing to me but BLINDING!

Freaking eggheads.

  • 11.29.2012 11:29 AM PDT

Life?
I have the internet and Doctor Who; i don't need a life.

YES!!
just what i wanted to hear.

now perhaps we could try and make things better?

  • 11.29.2012 11:29 AM PDT

Second acct: RC Zerg Rushes

With the continuing expansion of government "entitlements", I'm honestly surprised it's going to take as long as 2030.

  • 11.29.2012 11:29 AM PDT
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No one saw this coming

No extinction, just another repeat of history.

[Edited on 11.29.2012 11:29 AM PST]

  • 11.29.2012 11:29 AM PDT
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  • Exalted Legendary Member
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Posted by: Achronos
Hey, guys, what's going on in this thread?
Someone tell Kivell that he is a lie.


Get WorkPlaced!

Sounds like I should invest in more Silver/gold.

  • 11.29.2012 11:29 AM PDT
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Posted by: Kivell
Sounds like I should invest in more Silver/gold.


Now is not the best time since their silver is going down due to the massive hysteria of people buying it and then selling it, just wait within two months. But buy them gold.

  • 11.29.2012 11:31 AM PDT

The Spartan Special Ops - Now with more LOLgasms!

Posted by: EnragedElite67
"The problem with quotes on the internet is 95% are made up." - Socrates

Economic Collapse by 2030? Then Metro 2033? Coincidence?

  • 11.29.2012 11:34 AM PDT
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Foman is my favorite moderator. <3


Posted by: Kivell
Sounds like I should invest in more Silver/gold.

That would be silly.

I don't fathom how people can rampage against fiat currency being worthless, then turn around and buy metals (especially gold, less so silver) that have little to no industrial/commercial value other than being shiny.

You're moving your money from one faith-based currency to another. Why, in a economic collapse scenario, would people turn to gold? If you're that paranoid, buy things that would have value. Firearms, gas, whatever. Don't be silly and buy a precious metal.

[Edited on 11.29.2012 11:42 AM PST]

  • 11.29.2012 11:42 AM PDT

Second acct: RC Zerg Rushes


Posted by: Kivell
Sounds like I should invest in more Silver/gold.


Guns, gas, generators, ammo, medical supplies and long-lasting food sound like a much better investment to me.

  • 11.29.2012 11:44 AM PDT


Posted by: A Good Troll
I don't fathom how people can rampage against fiat currency being worthless, then turn around and buy metals (especially gold, less so silver) that have little to no industrial/commercial value other than being shiny.

Incorrect.

[Edited on 11.29.2012 11:45 AM PST]

  • 11.29.2012 11:44 AM PDT
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Guys, this is not going to happen.

This report is based on projections from 1972. The world economy is immeasurably different today than from the one that existed in 1972.

The collapse of the Soviet Union in the 90s basically doubled the size of the world economy. Free trade initiatives have boosted economic activity far beyond what anyone expected. The massive explosion of emerging markets in Asia, Africa, and the Middle East have created countless opportunities for growth and technological development for both developed and emerging economies.

Peak oil? Maybe, if we were still using 40 year old technology. But by 2030 world production will be augmented by shale oil from the US, Russia, etc and several other sources of oil. Basically, production will be higher than ever. Not to mention that green energy technology will have advanced considerably by that point too.

Yes, we're in a nasty economic rut right now. But don't start buying fallout shelters and dried food yet. Once the world is on the other side of this, there is going to be massive economic growth.

  • 11.29.2012 11:46 AM PDT
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Well, here we are. I guess that it was destined to come to this.

I love watching those seed-bank adverts.

Like some suburban cashier/shelf-stocker is going to become an 18th century farmer "when this poop hits the fan".

  • 11.29.2012 11:47 AM PDT
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Tom
USNSCC, E-3

The Line of Steel
Basically, it's a blog of mine that focuses on military and policy related issues. Feel free to bookmark it and PM me any ideas you have to improve its quality. I hope you enjoy it!

Unless they come out with an updated study, gtfo.

  • 11.29.2012 11:47 AM PDT
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  • Legendary Member

>"report from 1972"
>lolno

  • 11.29.2012 11:48 AM PDT
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Foman is my favorite moderator. <3


Posted by: Prophet0fValor

Posted by: A Good Troll
I don't fathom how people can rampage against fiat currency being worthless, then turn around and buy metals (especially gold, less so silver) that have little to no industrial/commercial value other than being shiny.

Incorrect.

No, correct.

Technology and commercial demand use accounts for 12% of gold purchases. Jewelry is 55% and Investment is 32%.

The vast majority of gold is used as "shiny" or "omg world ending". Not viable commercial use. What has driven gold prices up in recent years is the expansion of "omg world ending" investment demand.

[Edited on 11.29.2012 11:51 AM PST]

  • 11.29.2012 11:49 AM PDT

Per Audacia Ad Astra

Posted by: Billionares
"We're gonna need a bigger boat."

  • 11.29.2012 11:50 AM PDT

Per Audacia Ad Astra

Global pollution goes down, so does the human population.

Everyone, stop having so many kids.

EDIT: Are you serious? No replies in the last 2 minutes?
I blame the rate of posts for my accidental double-post.

[Edited on 11.29.2012 11:52 AM PST]

  • 11.29.2012 11:52 AM PDT
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Wow, I thought this would get more attention.

  • 11.29.2012 12:04 PM PDT
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  • Fabled Mythic Member

“Strange,” mused the Director, as they turned away, “strange to think that even in Our Ford’s day most games were played without more apparatus than a ball or two and a few sticks and perhaps a bit of netting. imagine the folly of allowing people to play elaborate games which do nothing whatever to increase consumption.”

The Black Chapter!

Posted by: CND AAA Beef
Guys, this is not going to happen.

This report is based on projections from 1972.
And the news article is about the fact that an economist has taken data since 1972, compared it to the predictions made by the 1972 model, and found that it is robust.

  • 11.29.2012 12:14 PM PDT

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