Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
 

Sebass1271

(2,332 posts)
Wed Aug 22, 2012, 09:50 AM Aug 2012

Economy Thrashing- have you heard?

I have been reading about something is going to happen with the economy sometime in December of this year. And this morning one of my clients who is a copper and medal seller reinforced it. He said no one in the market is buying that everyone is on hold. He hears that rich ppl know what's coming- that the dollard will collapse and it will be worse than 1930s.

It's scary. Whtas going on? Have any of you heard of economy thrashing in December?

Poor President Obama. ;/

1 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Economy Thrashing- have you heard? (Original Post) Sebass1271 Aug 2012 OP
Might be referring to the fiscal cliff coming in a few months MannyGoldstein Aug 2012 #1
 

MannyGoldstein

(34,589 posts)
1. Might be referring to the fiscal cliff coming in a few months
Wed Aug 22, 2012, 10:08 AM
Aug 2012

Last year, during the fully-fake debt-ceiling negotiations, both parties agreed to massive cuts in military and social programs if they couldn't negotiate anything different in the future. The cuts start this January. The Congressional Budget Office has said this will cause another recession.

Poor *us*.

Latest Discussions»General Discussion»Economy Thrashing- have y...