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I thnik what we think of as our economy is i for a big chnage.it has happened evry recession as companies and individual have a chance to change.In the 70's recession mopre individauls actually started thier own businesses;leading to the revoltuion in small business.Slowly but surely the people who rely on companies that manufacure things of low tech have been disappearing.Not just foreign competition but robotic as laboe become more expensive and a liablity.This has alos caused a large income gap beteen what use to be middle class blue collar jobs and more technical jobs.The markets are also shifting from the US to more populated countries with a huge savings rate that slowly is demanding more.China and India make us look like a small make even at lower spending rates.Credit is the life of many higher priced itams and many americans are tapped pout on credit and too risky. S Also we are losing the education war especailly in sciences and math ;so the income gap will grow.Those that have a good skill will more and more be selling that skill to foreign markets and producer as we have seen in the energy markets more and more.I thni it will be a long and painful change for many.In oitherwords the global market place will continue to grow and the governamnt will be more and more dependent on fewer and fewer people for revenues in the US as we have seen over the last few decades.The US will be come more and more socialist not because it wants to but because of the lowering of indivdual prospects of many. Biut it wil also mean a very much lower living standard for many.
In most places where famine occures, the food never gets anywhere near those who would be controlled since its stolen and sold for guns. They are simply controlled by terror.
Guns and ammo great equalizer, the government is only as good as it's control of the weapons.
10 acres and a shotgun.
Add a house with well &septic, a cow, a few chickens and some solar for power and you're pretty dang self-sufficient til the gangs find ya !
it certainly is interesting to see posts pulled up from february for content. it is clear that the economy did not turn around, that the bailouts only benefited wall street, and that the stimulus did not actually provide jobs.
latest BLS report:
Nonfarm payroll employment continued to decline in September (-263,000), and the unemployment rate (9.8 percent) continued to trend up, the U.S. Bureau of Labor Statistics reported today. The largest job losses were in construction,manufacturing, retail trade, and government.
Since the start of the recession in December 2007, the number of unemployed persons has increased by 7.6 million to 15.1 million, and the unemployment rate has doubled to 9.8 percent.
Unemployment rates for the major worker groups--adult men (10.3 percent),adult women (7.8 percent), teenagers (25.9 percent), whites (9.0 percent),blacks (15.4 percent), and Hispanics (12.7 percent)--showed little change in September. The unemployment rate for Asians was 7.4 percent, not seasonally adjusted. The rates for all major worker groups are much higher than at the start of the recession.
Among the unemployed, the number of job losers and persons who completed temporary jobs rose by 603,000 to 10.4 million in September. The number of long-term unemployed (those jobless for 27 weeks and over) rose by 450,000 to 5.4 million. In September, 35.6 percent of unemployed persons were jobless for 27 weeks or more.
Long article but it gets the point across of who have the younger workers in the next 20 years will be the economy to watch. (hint it want be the US)
What Demographic Crisis?
Franco Modigliani won the Nobel Prize in Economics 1985, partly for his "life cycle hypothesis", which states that spending and savings patterns are predictable and largely a function of age demographics. In other words, Modigliani's hypothesis is basically that age demographics largely determine the health and robustness of an economy.
Washington's Blog (http://www.washingtonsblog.com/2009/10/other-economic-crisis.html - broken link)
10 acres and a shotgun.
Add a house with well &septic, a cow, a few chickens and some solar for power and you're pretty dang self-sufficient til the gangs find ya !
It's funny the Government doesn't talk about the 8300 tons of gold at Fort Knox ( which there has been no accounting of). If the national debt was matched to the amount of gold how much would an ounce be worth ? The way we are heading that would be our only out.
I thnik what we think of as our economy is i for a big chnage.it has happened evry recession as companies and individual have a chance to change.In the 70's recession mopre individauls actually started thier own businesses;leading to the revoltuion in small business.Slowly but surely the people who rely on companies that manufacure things of low tech have been disappearing.Not just foreign competition but robotic as laboe become more expensive and a liablity.This has alos caused a large income gap beteen what use to be middle class blue collar jobs and more technical jobs.The markets are also shifting from the US to more populated countries with a huge savings rate that slowly is demanding more.China and India make us look like a small make even at lower spending rates.Credit is the life of many higher priced itams and many americans are tapped pout on credit and too risky. S Also we are losing the education war especailly in sciences and math ;so the income gap will grow.Those that have a good skill will more and more be selling that skill to foreign markets and producer as we have seen in the energy markets more and more.I thni it will be a long and painful change for many.In oitherwords the global market place will continue to grow and the governamnt will be more and more dependent on fewer and fewer people for revenues in the US as we have seen over the last few decades.The US will be come more and more socialist not because it wants to but because of the lowering of indivdual prospects of many. Biut it wil also mean a very much lower living standard for many.
US already has full socialism, just only for the super rich.
You mean people who already cant go to the dentist,will have to make an appointment and then cancel it so it will be even less?
Conclusion: Until someone explains to me what these “gold compounds” were, I am going to assume that they were half the US gold reserves leaving the country.
No one knows what's in Ft Knox except the one guy that left the sticky on the floor saying "I.O.U."
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