Is the US safest from an economic depression? (bankrupt, debt, money)

[ChiGuy2.5]

Greece is bankrupt, Spain asks for bailout. China's housing demand falls and jobs are lost which leads us to believe they are doing far worse than we thought. The euro is falling behind and the dollar is holding steady. Oil prices drop amid concerns surrounding the european crisis. Dow falls due to a decline in foreign production.

Do you think the United States in a good position in comparison to the European Nations and other Asian Markets? I know everything depends on a global economy these days, but I am curious if you all think the US will be better off. Or do you think the US should be just as afraid as any other country? Lets hear your thoughts!

Spain asks for bank rescue from euro countries
China's 2012 growth target at risk, property curbs hurt | Reuters
Oil prices drop despite production problems - Yahoo! News
Dow falls 251 points, second-worst loss of 2012 - The Denver Post

[itsjustmeagain]

Originally Posted by ChiGuy2.5

Greece is bankrupt, Spain asks for bailout. China's housing demand falls and jobs are lost which leads us to believe they are doing far worse than we thought. The euro is falling behind and the dollar is holding steady. Oil prices drop amid concerns surrounding the european crisis. Dow falls due to a decline in foreign production.

Do you think the United States in a good position in comparison to the European Nations and other Asian Markets? I know everything depends on a global economy these days, but I am curious if you all think the US will be better off. Or do you think the US should be just as afraid as any other country? Lets hear your thoughts!

Spain asks for bank rescue from euro countries
China's 2012 growth target at risk, property curbs hurt | Reuters
Oil prices drop despite production problems - Yahoo! News
Dow falls 251 points, second-worst loss of 2012 - The Denver Post

Funny. I tell you what. If Europe falls, America will fall. In the next 5 - 10 years we will see a depression which will make "the great depression" look like a nice picnic. Anyone who thinks America is isolated by the problems of the rest of the world is delusional. We are headed for very instable times over here and the rest of the world.

[CowanStern]

No, Developed countries will be hit the worst. In the USA, nearly everyone is committed to long-distance commute, energy-gobbler homes, processed food requiring long storage and transport, electrical dependence, polluted water, etc. In the event of a major depression, a country like Mexico will be much less affected, because most people (outside major cities) are already living with minimal transport, little need to go far, public transport infrastructure in place, housing that requires neither heating nor AC, few electrical appliances, an abundance of food produced locally, and minimalist health care. A serious collapse of the economy would leave Mexicans almost unaffected, compared to the chaos that would prevail in America.

I think Mexico will become the country with the problem of millions of unwelcome aliens coming across the border for a better lifestyle, and you might be one of them.

[cdelena]

As one analyst noted recently 'the US is the best looking house on a very ugly street'. Economies worldwide are generally in bad shape and the US and the dollar as terrible as they are look better than most, at least for now.

[pvande55]

The U.S. has been in a depression since 2008, and it is not over.

[bumpus7]

.
The way things are heading,
Wages in the US will continue to fall lower,
while wages in poor countries will go higher.

Just my opinion.
.

[itsjustmeagain]

Originally Posted by pvande55

The U.S. has been in a depression since 2008, and it is not over.

I agree we are in a depression since 2008. But we will fall into another great depression which will be much more severe than it is today. If one domino falls (Breakup of the Euro maybe) we will have a situation which will be unprecedented in our lifetime.

[Themanwithnoname]

Originally Posted by CowanStern

No, Developed countries will be hit the worst. In the USA, nearly everyone is committed to long-distance commute, energy-gobbler homes, processed food requiring long storage and transport, electrical dependence, polluted water, etc. In the event of a major depression, a country like Mexico will be much less affected, because most people (outside major cities) are already living with minimal transport, little need to go far, public transport infrastructure in place, housing that requires neither heating nor AC, few electrical appliances, an abundance of food produced locally, and minimalist health care. A serious collapse of the economy would leave Mexicans almost unaffected, compared to the chaos that would prevail in America.

I think Mexico will become the country with the problem of millions of unwelcome aliens coming across the border for a better lifestyle, and you might be one of them.

You need to look at the % of their GDP that comes from people in the US.

There's a reason the saying is that when America sneezes the world gets a cold.


These undeveloped countries get much of their food from 1st world aid

[Submariner]

The US unemployment numbers equal the Great Depression [talking real numbers, no tweaked and adjusted, smoke and mirror numbers, just the real numbers like from before we invented PR].

We have artificial supports in place to hold us up until we can try to fix things. But that assumes we realize our error and work to fix things.

Increasing debt load is not fixing anything.



Congress knows this.

The last Farm Bill had $78 Billion for food stamps, and food stamps are currently feeding 15% of our population.

The new Farm Bill has $700+ Billion for food stamps. Nearly 10X more, for nearly 10X more people to be on food stamps.
But wait 15% of the population times 10, does not make sense, as that means 150% of our population. It is their guesstimated margin of error, under the assumption that soon Food Stamps will be feeding the entire population of our country.

Food Stamps are the modern method of bread lines, and congress has just prepared the system for massive bread lines.

[redwolf fan]

Originally Posted by forest beekeeper

The US unemployment numbers equal the Great Depression [talking real numbers, no tweaked and adjusted, smoke and mirror numbers, just the real numbers like from before we invented PR].

We have artificial supports in place to hold us up until we can try to fix things. But that assumes we realize our error and work to fix things.

Increasing debt load is not fixing anything.



Congress knows this.

The last Farm Bill had $78 Billion for food stamps, and food stamps are currently feeding 15% of our population.

The new Farm Bill has $700+ Billion for food stamps. Nearly 10X more, for nearly 10X more people to be on food stamps.
But wait 15% of the population times 10, does not make sense, as that means 150% of our population. It is their guesstimated margin of error, under the assumption that soon Food Stamps will be feeding the entire population of our country.

Food Stamps are the modern method of bread lines, and congress has just prepared the system for massive bread lines.

Good observation !