T Nation

Paul Krugman: We're Already in a Great Depression

We are already in new great depression: Paul Krugman (6:19)

As we collapse and WWIII breaks out, remember the rule: gold, guns, whiskey, and smokes. Those’ll be your key to survival.

The fortieth chapter of the mighty prophet Isaiah, verses 10 to the end of the chapter:

[quote]10-Behold, the Lord GOD will come with might,
With His arm ruling for Him.
Behold, His reward is with Him
And His recompense before Him.

11-Like a shepherd He will tend His flock,
In His arm He will gather the lambs
And carry them in His bosom;
He will gently lead the nursing ewes.

12-Who has measured the waters in the hollow of His hand,
And marked off the heavens by the span,
And calculated the dust of the earth by the measure,
And weighed the mountains in a balance
And the hills in a pair of scales?

13-Who has directed the Spirit of the LORD,
Or as His counselor has informed Him?

14-With whom did He consult and who gave Him understanding?
And who taught Him in the path of justice and taught Him knowledge
And informed Him of the way of understanding?

15-Behold, the nations are like a drop from a bucket,
And are regarded as a speck of dust on the scales;
Behold, He lifts up the islands like fine dust.

16-Even Lebanon is not enough to burn,
Nor its beasts enough for a burnt offering.

17-All the nations are as nothing before Him,
They are regarded by Him as less than nothing and meaningless.

18-To whom then will you liken God?
Or what likeness will you compare with Him?

19-As for the idol, a craftsman casts it,
A goldsmith plates it with gold,
And a silversmith fashions chains of silver.

20-He who is too impoverished for such an offering
Selects a tree that does not rot;
He seeks out for himself a skillful craftsman
To prepare an idol that will not totter.

21-Do you not know? Have you not heard?
Has it not been declared to you from the beginning?
Have you not understood from the foundations of the earth?

22-It is He who sits above the circle of the earth,
And its inhabitants are like grasshoppers,
Who stretches out the heavens like a curtain
And spreads them out like a tent to dwell in.

23-He it is who reduces rulers to nothing,
Who makes the judges of the earth meaningless.

24-Scarcely have they been planted,
Scarcely have they been sown,
Scarcely has their stock taken root in the earth,
But He merely blows on them, and they wither,
And the storm carries them away like stubble.

25-“To whom then will you liken Me
That I would be his equal?” says the Holy One.

26-Lift up your eyes on high
And see who has created these stars,
The One who leads forth their host by number,
He calls them all by name;
Because of the greatness of His might and the strength of His power,
Not one of them is missing.

27-Why do you say, O Jacob, and assert, O Israel,
“My way is hidden from the LORD,
And the justice due me escapes the notice of my God”?

28-Do you not know? Have you not heard?
The Everlasting God, the LORD, the Creator of the ends of the earth
Does not become weary or tired.
His understanding is inscrutable.

29-He gives strength to the weary,
And to him who lacks might He increases power.

30-Though youths grow weary and tired,
And vigorous young men stumble badly,

31-Yet those who wait for the LORD
Will gain new strength;
They will mount up with wings like eagles,
They will run and not get tired,
They will walk and not become weary.[/quote]I trust Him.

[quote]Headhunter wrote:
We are already in new great depression: Paul Krugman (6:19)

As we collapse and WWIII breaks out, remember the rule: gold, guns, whiskey, and smokes. Those’ll be your key to survival.[/quote]

HH, you said last year about this time that the market would collapse by now what happened? Remember all your predictions of gloom and doom? “Buy gold, store food bla bla bla…” Your psychic powers are failing you buddy --LOL

[quote]Headhunter wrote:
We are already in new great depression: Paul Krugman (6:19)

As we collapse and WWIII breaks out, remember the rule: gold, guns, whiskey, and smokes. Those’ll be your key to survival.[/quote]

Guns are not good without ammo - which I think would be a very convenient currency, too.

I would not listen to anything coming out of Krugman’s mouth. He didn’t see this coming, he doesn’t understand the cause, and he sure is not going to be a part of the solution. He gets paid to make hot air for the establishment and that is all there is to that guy.

[quote]ZEB wrote:
HH, you said last year about this time that the market would collapse by now what happened? Remember all your predictions of gloom and doom? “Buy gold, store food bla bla bla…” Your psychic powers are failing you buddy --LOL[/quote]

I don’t remember HH giving an exact date for the Zombie Apocalypse. But all one needs understand is basic economics to know the current system is unsustainable. How long will the US government keep its dollar hegemony?

[quote]ZEB wrote:

[quote]Headhunter wrote:
We are already in new great depression: Paul Krugman (6:19)

As we collapse and WWIII breaks out, remember the rule: gold, guns, whiskey, and smokes. Those’ll be your key to survival.[/quote]

HH, you said last year about this time that the market would collapse by now what happened? Remember all your predictions of gloom and doom? “Buy gold, store food bla bla bla…” Your psychic powers are failing you buddy --LOL[/quote]

If you can outguess central bankers, then more power to you.

"Another government report on Thursday pointed to persistent weakness in the labor market as the number of Americans filing new claims for unemployment benefits last week rose for the fifth time in six weeks.

“The data shows that there is skepticism on the part of companies that are hiring,” said Peter Cardillo, an economist at Rockwell Global Capital in New York.

Last week, initial claims for state unemployment benefits increased 6,000 to a seasonally adjusted 386,000, the Labor Department said in a separate report.

On Thursday there were sign’s Europe’s woes were getting worse, as Spain’s 10-year bond yields hit a euro-era record of 7 percent. Yields above that rate have forced other struggling euro-area nations to seek an international bailout.

The slackening U.S. recovery has increased expectations of a further easing of monetary policy by the Fed, although economists are divided on whether the central bank will act when it holds its next policy meeting on Tuesday and Wednesday."

[quote]Tiribulus wrote:
The fortieth chapter of the mighty prophet Isaiah, verses 10 to the end of the chapter:

[quote]10-Behold, the Lord GOD will come with might,
With His arm ruling for Him.
Behold, His reward is with Him
And His recompense before Him.

11-Like a shepherd He will tend His flock,
In His arm He will gather the lambs
And carry them in His bosom;
He will gently lead the nursing ewes.

12-Who has measured the waters in the hollow of His hand,
And marked off the heavens by the span,
And calculated the dust of the earth by the measure,
And weighed the mountains in a balance
And the hills in a pair of scales?

13-Who has directed the Spirit of the LORD,
Or as His counselor has informed Him?

14-With whom did He consult and who gave Him understanding?
And who taught Him in the path of justice and taught Him knowledge
And informed Him of the way of understanding?

15-Behold, the nations are like a drop from a bucket,
And are regarded as a speck of dust on the scales;
Behold, He lifts up the islands like fine dust.

16-Even Lebanon is not enough to burn,
Nor its beasts enough for a burnt offering.

17-All the nations are as nothing before Him,
They are regarded by Him as less than nothing and meaningless.

18-To whom then will you liken God?
Or what likeness will you compare with Him?

19-As for the idol, a craftsman casts it,
A goldsmith plates it with gold,
And a silversmith fashions chains of silver.

20-He who is too impoverished for such an offering
Selects a tree that does not rot;
He seeks out for himself a skillful craftsman
To prepare an idol that will not totter.

21-Do you not know? Have you not heard?
Has it not been declared to you from the beginning?
Have you not understood from the foundations of the earth?

22-It is He who sits above the circle of the earth,
And its inhabitants are like grasshoppers,
Who stretches out the heavens like a curtain
And spreads them out like a tent to dwell in.

23-He it is who reduces rulers to nothing,
Who makes the judges of the earth meaningless.

24-Scarcely have they been planted,
Scarcely have they been sown,
Scarcely has their stock taken root in the earth,
But He merely blows on them, and they wither,
And the storm carries them away like stubble.

25-“To whom then will you liken Me
That I would be his equal?” says the Holy One.

26-Lift up your eyes on high
And see who has created these stars,
The One who leads forth their host by number,
He calls them all by name;
Because of the greatness of His might and the strength of His power,
Not one of them is missing.

27-Why do you say, O Jacob, and assert, O Israel,
“My way is hidden from the LORD,
And the justice due me escapes the notice of my God”?

28-Do you not know? Have you not heard?
The Everlasting God, the LORD, the Creator of the ends of the earth
Does not become weary or tired.
His understanding is inscrutable.

29-He gives strength to the weary,
And to him who lacks might He increases power.

30-Though youths grow weary and tired,
And vigorous young men stumble badly,

31-Yet those who wait for the LORD
Will gain new strength;
They will mount up with wings like eagles,
They will run and not get tired,
They will walk and not become weary.[/quote]I trust Him. [/quote]

The best part of the Bible is where they call for a Jubilee every once in a while, because they understood that debt is like ‘dining on ashes’.

[quote]Headhunter wrote:<<< The best part of the Bible is where they call for a Jubilee every once in a while, because they understood that debt is like ‘dining on ashes’.[/quote]If there is a “best” part of the bible? It’s the empty grave. I don’t know exactly what’s coming around the corner, but I will deal with it as wisely and best I can in obedience to God. “For me to live is Christ and to die is GAIN” Philippians 1:21 The worst they can do is kill me. That would be just fine.

On the other hand, whatever upheaval arises it’s an opportunity to show his peace that passes understanding to those whose hope is still in this dying world. I pay attention and there are certainly God given responsibilities to uphold, but I will not lose one wink of sleep over some bankers and politicians whose hearts are “a stream of water in the hand of the LORD; he turns it wherever he will.” Proverbs 21:1 Like I say. I trust Him.

[quote]ZEB wrote:

[quote]Headhunter wrote:
We are already in new great depression: Paul Krugman (6:19)

As we collapse and WWIII breaks out, remember the rule: gold, guns, whiskey, and smokes. Those’ll be your key to survival.[/quote]

HH, you said last year about this time that the market would collapse by now what happened? Remember all your predictions of gloom and doom? “Buy gold, store food bla bla bla…” Your psychic powers are failing you buddy --LOL[/quote]

Too much Kurt Saxon and Ayn Rand.

[quote]Tiribulus wrote:

[quote]Headhunter wrote:<<< The best part of the Bible is where they call for a Jubilee every once in a while, because they understood that debt is like ‘dining on ashes’.[/quote]If there is a “best” part of the bible? It’s the empty grave. I don’t know exactly what’s coming around the corner, but I will deal with it as wisely and best I can in obedience to God. “For me to live is Christ and to die is GAIN” Philippians 1:21 The worst they can do is kill me. That would be just fine.

On the other hand, whatever upheaval arises it’s an opportunity to show his peace that passes understanding to those whose hope is still in this dying world. I pay attention and there are certainly God given responsibilities to uphold, but I will not lose one wink of sleep over some bankers and politicians whose hearts are “a stream of water in the hand of the LORD; he turns it wherever he will.” Proverbs 21:1 Like I say. I trust Him.
[/quote]

Well, when we see men starving to death all around us and no manna is falling from the sky, my guess is that you will NOT be forgiven.

A lot of my family died in the Holocaust. My mother was a refugee from Germany, with everyone else killed. I’m sure the Rabbi made a prayer circle and they called for God to help them. I guess they didn’t pray hard enough because the SS killed them anyway.

Guess God didn’t care about these scum building Belzec or Sobibor…but God DID worry about dumb animals eating fruit off of a tree.

Amazing…simply amazing…

When you are actually interested, I will take the time to explain things to you. You are bitter and utterly ignorant of what Christianity is. Not that you’ll like it any better when you find out. At least until the triumphant conquering king of the hearts of men calls you home.

[quote]Tiribulus wrote:
When you are actually interested, I will take the time to explain things to you. You are bitter and utterly ignorant of what Christianity is. Not that you’ll like it any better when you find out. At least until the triumphant conquering king of the hearts of men calls you home.[/quote]

I think knowing that God is purely logical (similar to Spinoza’s God) and doesn’t give a shit about you except how you fit in the plan…is liberating.

God probably doesn’t even know that we exist, like we don’t know about the existence of individual cells in our bodies. God is, in essence, a SYSTEM and we are disposable cells in a system.

The difference between my beliefs and yours then are that I don’t lament not being able to force my views on you. I don’t want you to accept my views. I despise blind faith. I despise the hundreds of years of your faith that tortured and killed non-believers.

Admit it – if your church could, they’d happily resume torturing and killing, if they could. It took centuries and centuries to finally escape from your church.

If there are devils on earth, your church is one of them.

Paul Krugman is about the most crackpot economist there could be. How this guy gets publicity is beyond me save for calling for more stimulus to vested interest new york banks to promote “consumer spending” in an economy where people and house holds are trying to pay down debt and keep up with fluctuation in commodity prices (oil).