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Old 11-20-2008, 09:07 PM
 
Location: state of enlightenment
2,391 posts, read 4,561,591 times
Reputation: 2435

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I'm trying to see an end game in this financial death spiral. Increasing unemployment, less spending, more business failures, more homelessness, more need for social services but less taxes because of foreclosures and unemployment at the same time the population ages and needs more social services and SSI. This could be far worse than the Depression 1.0. Now we have an older population and a commodities shortage. In the 30s we were the world's oil supplier now we have to import almost everything. Imagine when oil and other commodities take off again (and they will)? This could get really bad as in people starving in the street. I wish I could see a happy ending.
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Old 11-20-2008, 09:32 PM
 
Location: Some place very cold
5,500 posts, read 19,509,642 times
Reputation: 4209
And what rough beast, its hour come round at last, slouches towards Bethlehem to be born?
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Old 11-21-2008, 12:37 AM
 
3,853 posts, read 11,422,302 times
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We will collapse just like soviet union and roman empire.
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Old 11-21-2008, 03:44 AM
 
705 posts, read 1,144,005 times
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There is no great impetus to get us out of this one. WWII ended the big one with huge output and everyone working. Today we would have to outsource all the military production because we gave it all away. The only way to get things going in a consumer society is give people money so they can spend. Then you have massive inflation.
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Old 11-21-2008, 05:38 AM
 
Location: US
1,189 posts, read 3,551,938 times
Reputation: 803
Apocalypse Now!

I love the smell of napalm in the morning!

I'm already stocked up and the ole 401k didn't have anything in it anyways.
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Old 11-21-2008, 05:58 AM
 
1,989 posts, read 3,842,181 times
Reputation: 1378
Quote:
Originally Posted by jimmyP View Post
There is no great impetus to get us out of this one. WWII ended the big one with huge output and everyone working. Today we would have to outsource all the military production because we gave it all away. The only way to get things going in a consumer society is give people money so they can spend. Then you have massive inflation.
If we were to create a great impetus, I believe it would be carbon-reducing technologies.

Anyone who accepts the premise of global warming acknowledges that it presents a bigger catastrophe than economic crashes or wars (which eventually pass)-- therefore, the motivation would be there to create a large industry based on converting and re-inventing carbon producing technologies.

And Obama is already talking it up.
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Old 11-21-2008, 06:00 AM
 
12,870 posts, read 12,772,010 times
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not everyone accepts global warming but obama has always talked of "green" opportunities, which isn't lost on the new president and his team. "You never want a serious crisis to go to waste," Rahm Emanuel, Mr. Obama's new chief of staff, told a Wall Street Journal conference of top corporate chief executives this week.
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Old 11-21-2008, 06:15 AM
 
705 posts, read 1,144,005 times
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Even if we accept it, the carbon reducing technology business is already being pursued by the Japanese and Chinese. We will be third place from the get go. Lack of leadership.

It has potential but it's several years away and in the mean time??
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Old 11-21-2008, 06:16 AM
 
Location: western East Roman Empire
6,112 posts, read 10,150,825 times
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Quote:
Originally Posted by cohdane View Post
If we were to create a great impetus, I believe it would be carbon-reducing technologies.

Anyone who accepts the premise of global warming acknowledges that it presents a bigger catastrophe than economic crashes or wars (which eventually pass)-- therefore, the motivation would be there to create a large industry based on converting and re-inventing carbon producing technologies.

And Obama is already talking it up.
Global warming is a friggin' hoax.

But, to be sure, non-fossil fuel technologies are a way to go, but for mundane political economy reasons.

Global warming is used as a sop to get people emotionally involved.

If that what it takes, so be it; there will be corruption anyway, our privilege as common voters is to decide who will rip us off in the process, but hopefully some common good will come from it anyway.

Good luck!
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Old 11-21-2008, 07:02 AM
 
Location: Texas
2,329 posts, read 6,134,549 times
Reputation: 1579
When will the United States evolve into a third world country?
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