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Old Today, 04:08 AM
 
Location: Tucson/Nogales
16,978 posts, read 20,786,737 times
Reputation: 23512

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Let's not forget that the U.S. has been a 3rd world country far longer than a 1st world country, and there's a thing called a pendulum, which can be very mesmerizing to watch. Sometimes the pendulum swings very, very slowly, and, at other times, more rapidly. We already have 3rd world areas of this country and look for them to expand to other areas.
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Old Today, 04:54 AM
 
Location: East Coast of the United States
16,548 posts, read 19,043,768 times
Reputation: 12123
Quote:
Originally Posted by njbiodude View Post
I'm currently making over 100k/yr and live better than many of my friends. But my standard of living is far below that of my low paid hippie parents who used to casually rent a 3 bedroom home in my area while my Dad worked a mediocre job and my mom stayed home to raise me.
You may need to move farther out in your metro area to afford the housing that you want.

Or move to a city with a lower COL. Seek out a job that let’s you telecommute.

Not everybody can afford to live in San Francisco. That is not the way the world works.

People adapt to changing economic circumstances.
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Old Today, 04:55 AM
 
992 posts, read 439,026 times
Reputation: 649
One concrete sign: there is an ongoing talk of ending trade war with China. Ten years ago, this would be unthinkable with American dominance.

I think ending trade war is good at this point. From what everyone can see, many brands and retails disappearing, same shopping malls closing down ... more tariff isn’t going to save Rust Belt.
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Old Today, 05:34 AM
 
Location: Honolulu, HI
5,938 posts, read 1,655,915 times
Reputation: 8348
Ah the routine, “America is on her deathbed and capitalism is awful” thread by folks who are barely 30.

It wouldn’t be city data without it. I bet foreigners get a sweet kick about how often we Americans complain about our own country.
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Old Today, 06:15 AM
 
4,205 posts, read 2,406,576 times
Reputation: 9648
Quote:
Originally Posted by ChessieMom View Post
I suspect the OP never had to wait hours in a gas line either.
Or buy gas only on certain days based on license plate number.
We were fortunate, one car had even number, one had odd. We could fill up one or the other on any given day.

When gas jumped from $0.25/gallon to over a $1.00/gallon. Would be like going from $3/gal today to $10/gal. ( which who knows...may be coming).

We heated with home heating oil. I was first up, so i got to turn the heat up to 60°f!
Night time was 57°. Day time if you were cold, you put on a sweatshirt, sweater, or house robe to keep warm.

This might give OP a reality check.
Maybe not.

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Old Today, 06:25 AM
 
1,107 posts, read 545,870 times
Reputation: 1107
Quote:
Originally Posted by bad debt View Post
I also thought it was interesting that the conspiracy theorist decided to use Henry Ford quoting how the bankers are causing all the problems. This is the same Henry Ford who was obvious antisemite.

The Fed Res charging 100 years worth of compounding interest is no conspiracy.

Have another quote:
Despite these warnings, Woodrow Wilson signed the 1913 Federal Reserve Act. A few years later he wrote: “I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.” -Woodrow Wilson
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Old Today, 06:57 AM
 
Location: Central CT, sometimes NH.
3,366 posts, read 5,045,241 times
Reputation: 3251
A lot of our problems are due to distraction. People are easily led by themes spun by social and traditional media. If the general population truly wants meaningful changes that benefit the majority of citizens then they need to be more involved at local/state levels and dedicate the time and energy to effect change. The fact that we do not see large masses moving to do this indicates to me that most people aren't as bad off as they claim to be. When I talk to people who are constantly griping about a local/state issue they often say they are too busy. However, they are taking vacations, driving kids around to organized sports, going out to eat frequently, shopping at the mall, etc. Effecting change apparently isn't a priority.
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Old Today, 07:20 AM
 
Location: Tennessee
22,618 posts, read 16,744,489 times
Reputation: 26296
Quote:
Originally Posted by in_newengland View Post
What I see is something like the fall of Rome. Not just the usual generational complaining about the young people, but the rich becoming filthy rich and the poor are becoming more like peasants. Meanwhile, the corruption in the higher levels continues and anything goes. We seem to have lost our culture and our values, things that once held us together. Everyone is out for themselves and they seem to hate each other. Never have I seen that before in my life. Laugh if you want, but these are not normal times. It feels like the country is falling apart.
It's not only the actual wealth gap that's bad, but a decay of the moral fiber that brings.

It was really rare to see anyone visibly drugged out in a public place when I was growing up. It's fairly common now. Whole communities have been waylaid by drugs.
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Old Today, 07:22 AM
 
4,444 posts, read 2,438,522 times
Reputation: 7965
My takeaways:

- There is an inverse relationship between population size and resources per person
- As global markets come online and compete with the US prices will rise
- As foreign workers surpass US productivity they will start to “win”
- Companies are forced to move production to low cost markets or subsidize heavily through automation
- American workers and population have an EU like level of entitlement that other regions just don’t have
- Americans appear to be fatter, lazier, slower, and softer than competing markets
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Old Today, 08:09 AM
 
1,118 posts, read 237,203 times
Reputation: 1841
Quote:
Originally Posted by ShampooBanana View Post
This is what ultimately happens in the late stages of (mostly) unfettered capitalism until safeguards and limits are put in place or the whole system gets overhauled. It happened in the 1920's and it took the Great Depression and then a World War to snap us out of it. Economic times were pretty great for a couple decades but since then the US has been in a long, steady decline for the past 4 decades or so as great socialist programs have eroded and corruption and privatization has eroded our infrastructure and once great institutions. The same thing happened over a longer period of time in Britain, which once ruled half the world but is now maybe barely in the Top 5 of the world's largest economies. Frankly it's gotten so bad it might take a full-on revolution to upend the system, which might mean a hit of the "reset" button. If that happens it won't be pretty for a while for a lot of people.
That's quite a set of, uh, alternative facts. It is quite the accomplishment: quite literally there is not a single word of truth in the above.
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