Jump to content

Economic Collapse Has Begun!


Recommended Posts

To Harjinder Singh paaji,

Conspiracy theories come and go, peak oil may happen, I dont deny it, but you have to realize this is a Sikh forum, not a conspiracy forum.

I think yes you might be right that there is a major recession happening, I can honestly say its already happened, if all these major banks are burning up. Will it be the second Great Depression-- I think not. Dont' worry about it, buy some gold, buy some property.

Actually, it pretty much seems like the world economy is sliding into a second great depression. It is no conspiracy theory. Economists think things will get peachy again b/c they base all their theories on teh continued availability of some sort of alternate non-oil energy that provides just as much power. However, no such source of energy exists that provides as much power as oil. So the world will very soon see a major shift in our way of life.

Previously, the world relied on coal, when coal ran low there was a time of some difficulty as the world adjusted to another energy source. this happened before with whale oil too. But every time in the past, it was an adjustment to a better energy source. now there is nothing to replace oil. It is roughly at the 50% mark (of all oil that ever existed), but when we consider 1. quickly increasing huge population; 2. the need for oil for high yield agriculture to exist (which is required to feed people); 3. increasing industrialisation in developing countries - we can see that the 50% on the way down is very different from when oil first began to be used.

I can provide references for the above info if you wish.

Many mahapurkhs also say that the world will go through some tough times. I don't care about crackpot christian evangelists saying armageddon is coming trhoughout the centuries, this now is the real deal. The info is coming from those who have the power to know the future. Baba Thakur Singh ji Bhindrenwaley and Giani Thakur Singh ji have both told me personally that world war 3 WILL occur and war famine disease disasters etc will kill most of the world population. Mahapursh Giani Kulwant Singh ji, head of Takht Sri Hazoor Sahib, has told my aunt that one day the khalsa will only survive by constant paath and jung.

Link to post
Share on other sites
  • Replies 53
  • Created
  • Last Reply

Top Posters In This Topic

The world economy is not going to collapse. This is a routine correction in the marketplace. It might be a little bit more strong then other recent corrections, but it will give way soon enough. In fact, this is a great time for investors to start putting money into the markets. However, one of the major challenges now that we are facing that we really haven't faced before is that the correlation between the major markets is getting more tight. For example, it used to be that if the US economy was going down, one of the other major economies would go up, and vice verse. But due to the increase of globalization the world economy is getting 'smaller and smaller' and are coming in line with eachother. Now it seems when one major economy starts to tumble, others are more affected by it then ever before.

However, have no fear, the market upside is near ;) The market is 'on sale' and will be back up in a matter of 6-12 months... might seem like a long time, but its really not. There have been far worse recessions in history and this doesn't compare. It just so happens that all these major companies (majority american) are going belly-up at the same time. But we in Canada are still pretty strong (WAY better shape then the US), and europe is still hanging in there. The markets will always go up-down-up-down; but that will always been in an upward direction (over the long term). In history, there has never been a decade with less then 10% returns, even if u take into consideration the last 4 recessions we've been through.

So, moral of the story; don't worry, be happy :)

Where there is great challenges, there is even greater opportunities ;)

Link to post
Share on other sites
  • 1 month later...
With lehman brothers getting bankrupt, so many other banks on the verge of extinction, oil wars happening in iraq, bolivia, nigeria, I feel the collapse is pretty much on its way to effect the life of large majority of people on this earth. Next year this time, many of us might not be in position to access the internet. Internet as well as airtravel are gone for most people in the near future. The petroleum economy is gone. Welcome to the real world, the world made by hand!.

The biggest catastrophe of human history(last 4 yuggs) is about to start.Welcome to the jungle(survival of the fittest)!

I wrote the above post around 40 days back and everyone attacked me for being irrational, crazy.. The last 40 days have been disastrous and we have 'once in a lifetime' financial crisis... Many of my juniors from IIT(IIT's are one of the best institute in Asia) have been laid off. One of my friends who worked in Mumbai in finance and earned 15 lakh p.a was fired yesterday and is under depression...

The lives of people have been RUINED in the last 40 days....

Link to post
Share on other sites

whass the whole big deal about the economy ..... am pretty sure most of us have seen even worse times.... 9/11 ... i mean common !!.... things do change ..... whys everyone arguing about this issue... we see this stuff in the news every single minute... <_< ... our grandparents perhaps may even have seen much more slumpier times.... but they found a way eventually to get over with everything .....how come we cudnt ?

Link to post
Share on other sites
With lehman brothers getting bankrupt, so many other banks on the verge of extinction, oil wars happening in iraq, bolivia, nigeria, I feel the collapse is pretty much on its way to effect the life of large majority of people on this earth. Next year this time, many of us might not be in position to access the internet. Internet as well as airtravel are gone for most people in the near future. The petroleum economy is gone. Welcome to the real world, the world made by hand!.

The biggest catastrophe of human history(last 4 yuggs) is about to start.Welcome to the jungle(survival of the fittest)!

I wrote the above post around 40 days back and everyone attacked me for being irrational, crazy.. The last 40 days have been disastrous and we have 'once in a lifetime' financial crisis... Many of my juniors from IIT(IIT's are one of the best institute in Asia) have been laid off. One of my friends who worked in Mumbai in finance and earned 15 lakh p.a was fired yesterday and is under depression...

The lives of people have been RUINED in the last 40 days....

young brother take a deep breath, relax, play some nintendo wii.

Link to post
Share on other sites

harinder singh, it is not a fact that we have reachjed peak oil. As a matter of fact that is a belief taken on by a few environmentalists, but is refuted by the majority of the worlds scientific researchers. Most believe thant peak oil will not be reached until 30 or so years from now. This will give the world about 100 years (a reasonable amount of time) or so to come up with a technological solution to our fossill fuel dependance. We alreadfy have electric cars, and development in the hydrogen fuel cell. We do have probpl;ems but i dont believe they are as serious as a you have made them out to be

Link to post
Share on other sites
  • 2 weeks later...
  • 8 months later...
giani thakur singh said sumet will happen near 2011-2012 and said all singh and singhniya should be tyaarpar tyaar, sant told him this

thanks for a reply, people are still being fartoo cryptic though, i really would like to know more. which sant told him? and what did he say was going to happen?

yeppp 2012--someks going to happen. lets wait and watch :)

Whats sumek or someks - please explain ??? Will be greatly appreciated.

Thank you

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • advertisement_alt
  • advertisement_alt
  • advertisement_alt


  • Topics

  • Posts

    • he was hardcore defender of Yogi Bhajan and claimed that the ladies who gave evidence against YB in court about his abuses  and later the lady who wrote the book were liars or trying to blackmail him . Pretty low behaviour . All the white 3HO core had amrit in 1970 under orders of YB to do with his visit to India to showcase his 'conversions'  
    • Wonderful topic! Sikhs shud hv good understanding of geo politics. World is getting multi polar world......
    • Not a gang, but has relevance to this thread   https://www.bbc.co.uk/news/uk-wales-58585788 Swansea man jailed after CCTV operator witnessed rape Published 1 hour ago Share IMAGE SOURCE,SOUTH WALES POLICE image captionTurkey Al-Turkey was told he would likely be deported after serving his prison sentence A man has been jailed for more than eight years after a CCTV operator saw him raping a woman. Turkey Al-Turkey, 26, of Cwm Level Road in Brynhyfryd, Swansea, attacked the woman outside the city's Civic Centre on 18 July. Swansea Crown Court heard the victim had no recollection of the incident and a date rape drug may have been used. Al-Turkey, an asylum seeker from Iraq, was sentenced to eight years and eight months after pleading guilty to rape. The court heard Al-Turkey had been drinking limoncello and vodka with his victim on Swansea's promenade on the night of the attack. The CCTV operator said he had seen the victim was intoxicated and unable to stand by herself, before he saw the attack take place as she lay motionless. He used the council's loading bay public address system to shout: "Get off her. She's drunk. I'm calling the police." Officers arrived at 01:40 BST and were not able to rouse the victim. Al-Turkey told officers she was asleep. image captionAl-Turkey was sentenced at Swansea Crown Court At the police station, she told officers she had no recollection of the events, but was told what the CCTV operator had witnessed after that interview. Carina Hughes, prosecuting, told the court drugs had not been found in the victim's urine, but some substances, such as Gamma Hydroxybutyrate (GHB) are eliminated from the body more quickly, and their presence could not be excluded. "Due to to her level of unconsciousness on CCTV, the prosecution felt it went over and above what we expected and anticipated from intoxication," she said.   An alcohol sample measured 62mg of alcohol per 100ml of the victim's blood. Rape 'killed the carefree version of myself' A victim impact statement from the woman, who cannot be identified, was read out in court. It said: "What's happened to me cannot be erased and will remain with me for the rest of my life. "He has killed the spontaneous, joyful, carefree version of myself and only time will tell whether these traits return in full. "The only positive element all of this is that he has been caught and is now going to be dealt with so that he cannot hurt anyone else." Another statement, from the CCTV operator, said he was struggling and kept replaying events in his mind. Ms Hughes said it was "extremely rare" for attacks like this to be captured on CCTV or witnessed. Judge Paul Thomas told Al-Turkey he had "serious misgivings" about whether the victim's condition was due to alcohol alone. "She made it perfectly clear to you that she did not want a sexual relationship that evening but you plied her with drink so she became less and less able to stand or even to move unaided" he said. "You took full advantage of the situation, putting your own sexual needs before any consideration of the impact upon her." Al-Turkey was sentenced to eight years and eight months in prison and will be on the sex offenders' register for the rest of his life. Due to his early guilty plea he will be eligible for release after six years. The court was told Al-Turkey presented himself to the asylum unit in Croydon on the 19 November 2018 when he claimed to have just arrived in the United Kingdom. Mr Thomas added: "Importantly I fully expect that you will be deported from this country immediately upon your release." Related Topics
    • Anyone with any thoughts on what this means ? https://www.bbc.co.uk/news/world-58582573 Aukus: China denounces US-UK-Australia pact as irresponsible Published 1 hour ago Share media captionWatch: Australia’s ‘risky bet’ to side with US over China China has criticised a historic security pact between the US, UK and Australia, describing it as "extremely irresponsible" and "narrow minded". The deal will see the US and UK give Australia the technology to build nuclear-powered submarines for the first time. It is being widely viewed as an effort to counter China's influence in the contested South China Sea. The region has been a flashpoint for years and tensions there remain high. Chinese Foreign ministry spokesman Zhao Lijian said the alliance risked "severely damaging regional peace... and intensifying the arms race". He criticised what he called "the obsolete cold war... mentality" and warned the three countries were "hurting their own interests". Chinese state media carried similar editorials denouncing the pact, and one in the Global Times newspaper said Australia had now "turned itself into an adversary of China". ANALYSIS: Why this pact signals a major shift EXPLAINED: Tensions in the South China Sea The US is sharing its submarine technology for the first time in 50 years, having previously only shared it with the UK. It means Australia will now be able to build nuclear-powered submarines that are faster and harder to detect than conventionally powered fleets. They can stay submerged for months and shoot missiles longer distances - although Australia says it has no intention of putting nuclear weapons on them. The new partnership, under the name Aukus, was announced in a joint virtual press conference between US President Joe Biden, UK Prime Minister Boris Johnson and his Australian counterpart Scott Morrison on Wednesday evening and Thursday morning. And while China was not mentioned directly, the three leaders referred repeatedly to regional security concerns which they said had "grown significantly". "This is an historic opportunity for the three nations, with like-minded allies and partners, to protect shared values and promote security and prosperity in the Indo-Pacific region," a joint statement read. The Aukus alliance is probably the most significant security arrangement between the three nations since World War Two, analysts say. It means Australia will become just the seventh nation in the world to operate nuclear-powered submarines. While they are the big-ticket item in the deal, cyber capabilities and other undersea technologies will also be shared. "This really shows that all three nations are drawing a line in the sand to start and counter [China's] aggressive moves," said Guy Boekenstein from the Asia Society Australia. Boris Johnson later said the pact would "preserve security and stability around the world" and generate "hundreds of high-skilled jobs". UK Defence Secretary Ben Wallace told the BBC that China was "embarking on one of the biggest military spends in history... Our partners in those regions want to be able to stand their own ground." media captionWhy is everyone fighting over the South China Sea? In recent years, Beijing has been accused of raising tensions in disputed territories such as the South China Sea. It has been increasingly assertive over what it says are centuries-old rights to the contested region, and has been rapidly building up its military presence to back up those claims. The US has bolstered its military presence too, and has been investing heavily in other partnerships in the region such as with Japan and South Korea. Having the submarines stationed in Australia is critical to US influence in the region, analysts say. Tensions between China and Australia China is Australia's biggest trading partner, and in the past, the two have maintained good relations. But in recent years, political tensions have created a deep rift, stoked by Australia criticising China's treatment of ethnic Uighurs, banning some technology from telecom giant Huawei and supporting an investigation into the origins of the coronavirus pandemic. Western nations have also been wary of China's booming infrastructure investment on Pacific islands, and have criticised its heavy trade sanctions against countries like Australia - last year it slapped Australian wine with taxes of up to 200%. 'A stab in the back' But France has also reacted angrily to the new pact, because it means Australia will now abandon a $50bn (€31bn; £27bn) deal with it to build 12 submarines. "It's really a stab in the back," France's Foreign Minister Jean-Yves Le Drian told France Info radio. "We had established a relationship of trust with Australia, this trust has been betrayed." The European Union's foreign policy chief, Josep Borrell said he understood why France was disappointed by the deal, adding that the EU was not consulted about the new alliance. "This forces us once again... to reflect on the need to make the issue of European strategic autonomy a priority. This shows that we must survive on our own," he said on Thursday.
    • I dont think they will care tbh...can only imagine if someone said that about islams jews ...esp being from your own community. Can anyone living in Canada try to contact employers?  We really have the worst rats in our kaum
×
×
  • Create New...

Important Information

Terms of Use