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Old 05-31-2010, 11:58 AM
 
Location: Planet Eaarth
8,957 posts, read 17,005,188 times
Reputation: 7193

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"So just how bad is the U.S. economy? Well, the truth is that sometimes it is hard to put into words. We have squandered the great wealth left to us by our forefathers, we have almost totally dismantled the world's greatest manufacturing base, we have shipped millions of good jobs overseas and we have piled up the biggest mountain of debt in the history of mankind. We have taken the greatest free enterprise economy that was ever created and have turned it into a gigantic house of cards delicately balanced on a never-ending spiral of paper money and debt. "

The U.S. Economic Collapse Top 20 Countdown
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Old 05-31-2010, 12:18 PM
 
Location: Tower of Heaven
4,023 posts, read 6,265,614 times
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I don't share that pessimism.I think the future of the US will be very promising.
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Old 05-31-2010, 12:45 PM
 
Location: western East Roman Empire
6,112 posts, read 10,153,432 times
Reputation: 4850
Quote:
Originally Posted by RenaudFR View Post
I don't share that pessimism.I think the future of the US will be very promising.
Once that expensive nuisance, historical anomaly and cultural wastes, the US suburban middle class of the 1950s-1990s era (and their European welfare state counterparts), is devalued and dead, yes, the future of the US is very promising, for owners of manufacturing enterprises and their Chinese partners for example.

Look, people with internationally competitive skills in business, business services, technology, and various other professions will be just fine, it's the average worker whose standard of living is being reduced.

To be sure, there is some risk of a real economic collapse - the failure to deliver food and basic utilities to millions of people, including the internationally competitively skilled - but the odds of that happening are about 10% or less in the next 30 years or so.

Good Luck!

Last edited by bale002; 05-31-2010 at 12:57 PM..
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Old 05-31-2010, 12:57 PM
 
10,485 posts, read 22,554,889 times
Reputation: 6611
Quote:
Originally Posted by RenaudFR View Post
I don't share that pessimism. I think the future of the US will be very promising.
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Old 05-31-2010, 01:06 PM
 
Location: Tower of Heaven
4,023 posts, read 6,265,614 times
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Yeah, I'm optimistic, it's stupid to be pessimistic and sad like that

The US has an astonishing future, I'm sure of that
You don't see the potential, it's shameful.
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Old 05-31-2010, 01:10 PM
 
Location: Warwick, RI
2,546 posts, read 3,857,873 times
Reputation: 4038
WOW! I don't know how to thank you enough! You've just made me a millionaire! I'm going to start writing sky is falling articles and end of civilization books similar to this drivel and then I'll just sit back and rake in the dough selling it to all the chicken littles out there who are addicted to this doom and gloom nonsense like a drug. Thanks for the inspiration, you guys are the best!

(Shakes head in disbelief).
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Old 05-31-2010, 01:11 PM
 
10,485 posts, read 22,554,889 times
Reputation: 6611
Quote:
Originally Posted by RenaudFR View Post
Yeah, I'm optimistic, it's stupid to be pessimistic and sad like that

The US has an astonishing future, I'm sure of that
You don't see the potential, it's shameful.
Yeah, it has a future of global enslavement. I guess you think that is good.
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Old 05-31-2010, 01:24 PM
 
Location: AZ
1,979 posts, read 3,063,670 times
Reputation: 3229
Quote:
Originally Posted by RenaudFR View Post
Yeah, I'm optimistic, it's stupid to be pessimistic and sad like that

The US has an astonishing future, I'm sure of that
You don't see the potential, it's shameful.


It's called being a REALIST!


Astonishing future...Eh?...

Real unemployment numbers are over 17% with the Detroit area over 50%!

More jobs are going overseas every year and we manufacture almost NOTHING anymore!

Unless you have a job in the health care industry,I'd be worried!


Shameful are the SHEEP who follow what the idiots on tv tell you and actually believe it! If you're not prepared for what can and will happen you have no one to blame except yourself!
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Old 05-31-2010, 01:34 PM
 
10,485 posts, read 22,554,889 times
Reputation: 6611
Quote:
Originally Posted by treasurekidd View Post
WOW! I don't know how to thank you enough! You've just made me a millionaire! I'm going to start writing sky is falling articles and end of civilization books similar to this drivel and then I'll just sit back and rake in the dough selling it to all the chicken littles out there who are addicted to this doom and gloom nonsense like a drug. Thanks for the inspiration, you guys are the best!

(Shakes head in disbelief).
What is there to be positive about? Everyday this country is getting worse and worse.
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Old 05-31-2010, 01:37 PM
 
Location: AZ
1,979 posts, read 3,063,670 times
Reputation: 3229
Here's some positive news.


Joblessness among young workers could have lasting impact - May. 26, 2010

HoweStreet.com - The Source for Market Opinions (http://www.howestreet.com/articles/index.php?article_id=13550 - broken link)

Stocks Tumble, Dow Ends Worst May Since 1940 - Bloomberg

News Headlines

Column One: Lessons of hard times in Vallejo - latimes.com

The Same Big Fat Greek Problems are Coming to America : Welcome To Jim Sinclair's MineSet
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