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Its not.. things have stabalized and not going to get worse.. The question is, now long will it remain stable before people actually get back to work and improve the economy?
Its not.. things have stabalized and not going to get worse.. The question is, now long will it remain stable before people actually get back to work and improve the economy?
Ok. Come on. State/muni defaults, Spain/Portugal/Italy bailouts, QE2 inflation....
Soon we will be having to pay a large "finder's fee" to get a job. This idea came up in a science fiction story when I was a kid.
I have seen loss of quality of life pretty much every year since I grew up in the 1970s. Wages stagnated, work hours skyrocketed, benefits declined. Things will continue to get worse until a revolution re-sets the economy by taking out the suffocating weight of Big Government, which has basically shut down our economy. Unfortunately Americans have been passive for so long that they seem unable to so much as lift their heads out of the water to keep from drowning.
learn a trade or starve college type jobs have been shipped out. American companies only care about profits and have no loyalty to the country that built them,new fact of life
Location: planet octupulous is nearing earths atmosphere
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high unemployment and skyrocketing deficits are going to be the norm.. do you realy think these morons on capital hill are going to save us???? i trust my pet crocodile more than i tust a politician>>>
Frankly, I don't see America averting catastrophe, so I'd not expect recovery any time soon. I am a cynical pragmatist.
With that said, individual survival and prosperity may be preserved or at least optimized by avoiding "Traps" - like "paper fortunes".
{Imagine how "rich" Bill Gates would be if the "dollar bill" collapsed, as did the value of his stocks and bonds. Will his home be livable if there is no delivery of power, fuel or other necessities?}
Instead of "making money", folks will build prosperity - the old fashioned way: produce, trade, and enjoy surplus usable goods and services. Productive people and businesses create private money with which to purchase that which they make, and are no longer trapped by "money madness" nor need access to "credit" from the usurer.
Example: Instead of investing in paper (money), invest your surplus resources into acquiring arable land, and producing a surplus of food, with which you can trade for other necessities. Or invest in an enterprise that mass produces something of value.
Well the state's budgets are set to blow up in 2011 with billions in unfunded pensions and dwindling ability to borrow more. So... I'm guessing it's gonna get worse towards the latter part of 2011 until the states enact austerity measures and get their budgets under control.
Well the state's budgets are set to blow up in 2011 with billions in unfunded pensions and dwindling ability to borrow more. So... I'm guessing it's gonna get worse towards the latter part of 2011 until the states enact austerity measures and get their budgets under control.
You saw 60 minutes the other night too.
What's happening in NJ and IL are only the tip of the iceberg,you're going to see more and more states in the red and looking for more Govt. bailouts if somethings not done soon.
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