Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Some 19 months later Gold has gone up 100%, it has doubled. Oil has gone up to 90 a barrel, 200%, tripling in value. Stocks shot up 84% to around 12,000. Unemployment has dropped down to around 9.6%.
Although some numbers may sound good I believe they are harbingers of a big problem in our economy here in America. Problems that may end up hitting us with the backside of a financial hurricane many thought had passed.
The U.S. government has been printing money. Lots of it. The Central Bank (Fed) of the U.S. has had rates dropped to 0% for 2 years now. Unemployment barely moved. Income has gone down steadily, if not precipitously. Deflation for non-essential items is quite apparent as deals abound. Inflation is starting to show in items regarded as necessary to the US public. Water, electric, communication access, and food.
The housing market echoes the same refrain 'Now is the time to buy' as foreclosure repossessions are finally starting to finalize after years of inaction. Home prices have dropped despite heroic efforts from policy makers and lenders to keep artificial values steady.
Quote:
Unions
If there is another crash of sorts, unions will be viciously attacked. If you decide to strike and you are in the airline, rail, trucking, or energy fields you better have a first aid kit at home, it could be ugly for you. Others will just be replaced by 'scabs' without a care. Let me be clear 'Unions are to be broken if at all possible if the market crashes in 2012.'
It isn't a depression but if wages keep falling it will be. When we hit the third world level no one will have any money to buy anything, gold doesn't help if you have no food. The Robber Barons will abandon America for their "emerging markets" taking their tax breaks with them
Because 1 BR/1 bath homes will become the norm; people will stop having children, just allowed one cat or one dog under 20 lbs. Neutered of course. The world will be going to hell in a handbasket.
Relax, people, the sky is still where it always was.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
