|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|
Will our debt based, fractional reserve banking economy collapse?
What do you think? If it will collapse, when(within a decade)?
You can bet your house on it, Sam.
Never in the history of mankind has a civilization lasted after deserting sound monetary policy.
Will it collapse in a decade? tough for a time frame.
I've been watching the abysmal policies of the U.S. and the FED since the 70's, and I didn't think they'd get away with the con this long.
I know it my lifetime, things will get worse. I"m 64. Will it collapse before I die?
I'd like to see that, but it's amazing how long government's can con citizens. Even with all the knowledge that's available, most don't see any of this as a problem.
But, it will eventually collapse, and it will be gargantuan in scale the suffering that will occur.
Your generation will take the biggest hit. You'll never recover, in your lifetime, from the coming collapse. (Unless you're invested on the right side of the debacle! )
I'm actually frightened and I'm allowing that fear to drive me towards solutions and spreading the word to the oblivious people of my generation. I can see the madness of our materialistic consumption driving us further towards the precipice
Money is merely a concept or idea, used to put a value on physical things. It works because it is convenient. It allows for specialists in a field of study or trade, to exchange their money for other things that they would not have time to otherwise invest in.
But when you allow a group of criminals to hold the power of money under the force of law by a government, and that government is dependent upon the money supply to sustain itself, then it only becomes a matter of what and when they want to happen. They who hold the debt decides when it collapses, and it will not until they have measures in place to take up the slack. Most of those measures are already in place with the internet, as nations slowly move away from physical money to digital money.
The real question is what happens if you become an enemy? What if you said or did something they didn't like? It is much easier to seize your funds digitally than physically.
You won't be able to buy or sell. Does that sound familiar?
A book I once read said something about this happening, nearly 2,000 years ago.
I've noticed the familiarity between biblical prophecies and what's going on now. But systems of debt and worthless currency have ended multiple civilizations before us(roman empire) etc. But now it seems we're really jumping off the edge entirely
There is something different about now, than before: Rome wasn't meant to collapse. Everything now is set up to fail, for the express purpose of rebuilding it "better" -- With more controls, laws, penalties. To make us slaves.
An interesting follow-up question: what are individuals doing in order to buffer/protect themselves when the inevitable happens?
Now at the age of 75, will it happen in my lifetime? What do I need to give up in order to weather the storm?
Further questions: which habits are driving us down that slippery slope? Fear of being hungry? Fear being different/alone/ostracised? Fear of pain? Being too cold, too hot? Fear of being dead? And what might happen to me after I am dead?
Trying to avoid or alleviate these and other fears creates destructive and selfish habits designed to make me feel more comfortable, while denying the ramifications of my selfishness.
Personal honesty can lead to better understanding with better outcomes.
I agree with everything you said, and the follow up questions are along my line of thought. Its not even a question of when or if it will happen necessarily, but whether or not myself and the people around me are prepared, or even aware of what we're doing. and to answer the question of what happens after your're dead, basically you're eaten.
You have a good point with fear of being different/alone/ostracised. I've noticed people are afraid of just talking about this reality because what if people see them as weird or annoying or 'negative'. oh my favorite, getting called 'negative'. When in reality it's blatantly evil to ignore all the problems in our world over a fear of negativity.
anyways, good thoughts Jonny.
When we stop borrowing money to prop up politically connected businesses, the market won't collapse - but it will deflate.
So you'll see a stock market fall like the housing market like Phoenix in 2009 but not collapse as has been seen in Detroit - falling by half in value but not "buy this mansion for a dollar".
by SparklingJewel6 years ago
Blame the Fed for the Financial Crisis ... The Fed fails to grasp that an interest rate is a price, the price of time. Attempting to manipulate that price is as destructive as any other government price control. To know...
by Hollie Thomas5 years ago
For all those who have berated the Occupy Movement, waxed lyrical about their lack of achievement and morality. Yawns, read this: http://www.independent.co.uk/news/uk/po … 31521.htmlApparently, and according to a...
by SparklingJewel8 years ago
by jerryl8 years ago
What's your opinion, and the reasoning behind it?
by AngelTrader6 years ago
What is Fractional Reserve Banking?Any takers or are you all obsessed with Valentines Day!
by Holle Abee8 years ago
WHY are we helping to bail out Greece when we're broke? I mean, I feel sorry for the Greek citizens, but can we really afford this right now?
Copyright © 2018 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.