Is the U.S. Economy Teetering On the Brink of Collapse?

rightondude

The U.S. dollar has fallen in value more than 40% during the past few years relative to the Eurodollar. The decline continues and international investors who hold $4.6 trillion in U.S. treasury bills, corporate bonds and stocks are starting to panic. The massive U.S. Federal deficit and the equally massive U.S. trade deficit both conspire toward even lower value for the U.S. dollar.

The time may soon come when personal and corporate bankruptcy may be a crime. If you borrow money and do not repay it, you may be given the opportunity to repay your debt by means of forced labour in a prison camp.

This return to forced (slave) labour in the American economy will be a direct consequence of the coming shortage of energy from oil.

http://www.alkalizeforhealth.net/Ldebtclock.htm

.
.

Nevermind

Its because our jobs are paying less and less. The prices of everything is going up and were making less money. Its fucked up when its hard to live because of greedy people. George W must be a fucking billionaire now with control of the gas prices and controlling the oil companies.

rightondude

Isn't the US gov't building concentration camps all over the place in the USA? Something like 800 of them and growing?

I could be wrong, but something like this:
http://news.pacificnews.org/news/view_article.html?article_id=9c2d6a5e75201d7e3936ddc65cdd56a9

and perhaps this?
http://www.blackcommentator.com/168/168_images/168_cartoon_king_dubya_is_watching_large.jpg

DPrival78

is dick cheney preparing for an economic collapse?

http://www.counterpunch.org/whitney07052006.html

know1

The economy is extremely strong right now. Not sure where you're coming up with the doom and gloom prognostication.

DPrival78

just because the tv says the economy is strong, it doesn't make it true

know1

DPrival78 wrote:

just because the tv says the economy is strong, it doesn't make it true

No. But the performance of my mutual funds, the multiple interest rate raises by the Fed, the unemployment and new job numbers, etc. say that it is.

rightondude

The money thing is a mere illusion - smoke and mirrors.. I can sell a horse for 1 billion dollars to my buddy he can then sell it back to me for 1 billion + $20. I just paid my buddy back the $20 I owe him.

What kind of jobs are being created? skilled or unskilled? high paying or low paying?

my2hands

know1 wrote:

No. But the performance of my mutual funds, the multiple interest rate raises by the Fed, the unemployment and new job numbers, etc. say that it is.

ask average joe how the economy is doing , he will wipe his ass with your mutual fund

stagnant wages and rising cost of living are the real economic indicators for main street USA, not Wall Streets bottom line

my2hands

rightondude wrote:

If you borrow money and do not repay it, you may be given the opportunity to repay your debt by means of forced labour in a prison camp.



.
.

i am not buying this one

surferdude

my2hands wrote:

ask average joe how the economy is doing , he will wipe his ass with your mutual fund

I'd rather ask the average joe how his continuing education is going. Or what he's doing to ensure that his and his familiy's financial situation is improving and can continue to improve.

my2hands

surferdude wrote:

I'd rather ask the average joe how his continuing education is going. Or what he's doing to ensure that his and his familiy's financial situation is improving and can continue to improve.

seen the price of an education today? i am thinking about going back, but the $ is a big negative for me?

i think college is a scam...you only pay for the piece of paper... i could learn most of the stuff on my own, for free?

my2hands

surferdude wrote:

I'd rather ask the average joe how his continuing education is going. Or what he's doing to ensure that his and his familiy's financial situation is improving and can continue to improve.

and lets face it, not everyone is going to go to college, i am sure you did and thats great, but it is not for everyone, and it shouldnt be the only way to make a decent livable wage in the free world? IMO

shit, my country was built by, and runs on today, blue collar workers

Affroman

my2hands wrote:

seen the price of an education today? i am thinking about going back, but the $ is a big negative for me?

i think college is a scam...you only pay for the piece of paper... i could learn most of the stuff on my own, for free?

College is great. Its 4 years of doing nothing while being able to drink yourself silly AND goto pearl jam concerts. However, I believe our European friends in places such as Germany provide college for free while also providing good internship programs for young men and women. They also have cultures that encourage drinking and enjoying life, something I believe the blue-collar workers of America will always have while the white collar workers will continue to lead meaningless lives filled with regret and unhappiness. I am of course speaking in generalizations, so please take this as an opinion.

surferdude

my2hands wrote:

and lets face it, not everyone is going to go to college, i am sure you did and thats great, but it is not for everyone, and it shouldnt be the only way to make a decent livable wage in the free world? IMO

shit, my country was built by, and runs on today, blue collar workers

I never specified where to continue your education. A blue collar worker with a couple of trades tickets will always be able to provide for his/her family. Education does not need to be college or university. It can be a blue collar worker taking a small business course so they can learn how to work for themselves. Have you seen how much a good, self-employed plumber makes.

Eliot Rosewater

know1 wrote:

The economy is extremely strong right now. Not sure where you're coming up with the doom and gloom prognostication.

roflmao....far from strong. Record debt will take this country down, mark my words. Goddamn republicans, anyway.

rightondude

Originally Posted by rightondude
If you borrow money and do not repay it, you may be given the opportunity to repay your debt by means of forced labour in a prison camp.

my2hands wrote:

i am not buying this one

What's up with all the concentration camps being built in the US? last I heard about 800 of them?! correct me if I'm wrong on this 1.

I'm not sure I would rule 100% that out very easily

boxwine_in_hell

Affroman wrote:

College is great. Its 4 years of doing nothing while being able to drink yourself silly AND goto pearl jam concerts. However, I believe our European friends in places such as Germany provide college for free while also providing good internship programs for young men and women. They also have cultures that encourage drinking and enjoying life, something I believe the blue-collar workers of America will always have while the white collar workers will continue to lead meaningless lives filled with regret and unhappiness. I am of course speaking in generalizations, so please take this as an opinion.

Yeah and the average German pays about 55% income tax, so before you think they have it so great, think about that for a moment. Over half your paycheck going to the state. Now granted they get free health care and 8 weeks of vacation. Not a bad trade off. There's no perfect system I suppose.

rightondude

boxwine_in_hell wrote:

Yeah and the average German pays about 55% income tax, so before you think they have it so great, think about that for a moment. Over half your paycheck going to the state. Now granted they get free health care and 8 weeks of vacation. Not a bad trade off. There's no perfect system I suppose.

Is school still free in Germany i.e. university?

boxwine_in_hell

Yes it is, but you must pass an exam to be accepted so if you're a dummy you're kind of screwed.

rightondude

boxwine_in_hell wrote:

Yes it is, but you must pass an exam to be accepted so if you're a dummy you're kind of screwed.

Not too many dummies in Germany from what I can see, but if I'm wrong, just move on over to the US of A and you'll fit right in.