3rd World Status: A Pink Slip Away
RolandTD20Kdrummer
Posts: 13,066
Wayne's world...party time...excell-ent...
http://www.inteldaily.com/?c=139&a=6015
"The U.S. is on life support from foreign nations. The Chinese, Arabs, East Indians, Japanese et al, loan us approximately $3 Billion per day in an attempt to keep us treading water. More than 3 Million jobs have been lost in industry and farming continues its slide to corporate ownership.
There are between 12 and 15 million known illegals in the U.S.. Medicare is slated to fail within 10 years. Personal savings remain negative for the third consecutive year (never before seen in our history). The first of 78,000,000 baby boomers became eligible for social security in January.
The national debt has increased by 1000% in the last 25 years to $9 Trillion and we have become the largest debtor nation on earth. Middle America is being selectively wiped out by our own countries trade policies. What have we done?
Some how, some way, Middle America has to awaken to these and other discouraging facts; life as we know it for this class of Americans is in the balance. Not one of our current presidential candidates has a viable plan for saving Middle America. They are totally and completely beholden to special interests…rich special interests.
Many, many years ago a good friend who is very bright and very realistic, explained to me that the U.S. could become a third world economy in the blink of an eye. I wanted to believe that he was crazy; but I knew better.
He explained that once a person loses his or her job, it’s a short trip to 3rd world status. That being said, employment then, is all that separates us from that unfortunate state. That and the social safety net that currently exists to supposedly create a floor for the level that one could sink.
But who supports that safety net? The remaining job holders; so with declining jobs and tax collection, is there a safety net? The short answer is no. "
edit: I bolded the best part...
Woo Obama...Woo Hillary...Go Mcain...
http://www.inteldaily.com/?c=139&a=6015
"The U.S. is on life support from foreign nations. The Chinese, Arabs, East Indians, Japanese et al, loan us approximately $3 Billion per day in an attempt to keep us treading water. More than 3 Million jobs have been lost in industry and farming continues its slide to corporate ownership.
There are between 12 and 15 million known illegals in the U.S.. Medicare is slated to fail within 10 years. Personal savings remain negative for the third consecutive year (never before seen in our history). The first of 78,000,000 baby boomers became eligible for social security in January.
The national debt has increased by 1000% in the last 25 years to $9 Trillion and we have become the largest debtor nation on earth. Middle America is being selectively wiped out by our own countries trade policies. What have we done?
Some how, some way, Middle America has to awaken to these and other discouraging facts; life as we know it for this class of Americans is in the balance. Not one of our current presidential candidates has a viable plan for saving Middle America. They are totally and completely beholden to special interests…rich special interests.
Many, many years ago a good friend who is very bright and very realistic, explained to me that the U.S. could become a third world economy in the blink of an eye. I wanted to believe that he was crazy; but I knew better.
He explained that once a person loses his or her job, it’s a short trip to 3rd world status. That being said, employment then, is all that separates us from that unfortunate state. That and the social safety net that currently exists to supposedly create a floor for the level that one could sink.
But who supports that safety net? The remaining job holders; so with declining jobs and tax collection, is there a safety net? The short answer is no. "
edit: I bolded the best part...
Woo Obama...Woo Hillary...Go Mcain...
Progress is not made by everyone joining some new fad,
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
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( o.O)
(")_(")
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
(\__/)
( o.O)
(")_(")
Post edited by Unknown User on
0
Comments
ok, help me out here...
As I read this, those who loan the US money need us and much as we need them...right...?
what I mean is, let say they stop lending to the US or the US says, hey, we're not paying you back...the people who the most to lose is the lender, right...? so it's in there best interest for the US to keep consuming their crappy, cheap goods...right...?
you know, one hand washes the other....
no no. the point of this thread, and most all his others, is to show the downfall of America.
It does pose some good questions worth thinking about doesn't it.
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
(\__/)
( o.O)
(")_(")
http://onlinejournal.com/artman/publish/article_3158.shtml
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
(\__/)
( o.O)
(")_(")
has the American economy had economic problems in the past? how has America been able to recover from that in the past?
I'd say confusing vs. "posing good questions"...
as I see it, things aren't so bad...as it stands, with things costing more, the real issue is with those who want to consume...meaning, people have a only so much money, and if the majority of that goes to housing, food, and energy...they don't have as much left to buy "stuff"...so some may have to wait to purchase a new pair of shoes, or they may have to bring their lunch more often...which is nt the end of the world...
Is the past the future?
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
(\__/)
( o.O)
(")_(")
If China ever decides it likes "western lifestyles" as much, or perhaps more, than the West does, I think this is where the problems arise. Especially when it comes to oil, and other countries think it's all so exciting and new and worth more to them. Dig deep.
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
(\__/)
( o.O)
(")_(")
The problem for the economy is when people stop buying "stuff", people who make that stuff and sell that stuff lose their jobs.
America needs people to buy "stuff" and a lot of it to keep the economy chugging along and people employed. People were buyin all kinds of stuff on credit before and now they cant (which isnt a bad thing either).
Sometimes you have to take two steps back before you can move forward. Maybe that is what we are going through. Hopefully , the right leadership to guide America through this will be elected this year.
but don't forget, 90% of the "stuff" is made outside the US...so when we stop buying so much "stuff", who does it really hurt...?
I will hurt indirectly... between the shipping/distribution, marketing, accounting, retail, and other jobs, there are a lot of US workers that depend on stuff getting bought.
was like a picture
of a sunny day
“We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
― Abraham Lincoln
yup, I suppose this is true...but at the end of the day, people don't have the money to spend on shit and crap it just means they don't have more shit and crap....
sure jobs may be effected, but who can do anything about that...? I surely am not going to buy something I don't need so above folks have a job...hopefully they have and everyone has a back up plan with lots savings....
The US has only 5% of the worlds population. What if some of the other 95% of the population coming up through the ranks starts buying up some of these products is what I'm wondering.
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
(\__/)
( o.O)
(")_(")
you tell me...?
If the US dollar gets any weaker in combination with any "paradigm shifts" so to speak, it could get kinda nasty. At some point there is going to be a vicious cascading effect to have to counter balance. I hear a lot of Chinese kids coming into driving age over the next 5 years and beyond are all expecting to be driving cars. If international investors decide to dump a losing investment.
I wonder if the fighting terrorism argument is stong enough to sell everyone on it's quest despite the side effects.
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
(\__/)
( o.O)
(")_(")
From what I have read and see on the news, the majority of people do not have lots of savings. That is compounding the problem. No credit and no cash to get through tough times equals a world of hurt.
Too much growth too fast hurts everything. A stabalization period is needed, and from my trivial knowledge of economics, I would guess that this "recession" or whatever you want to call it is where we are now.
A nudge form the government may be needed (other than the $1500 goose on the ass). Exactly what, I do not know. Thats for people smarter than me to figure out.
do you always answer a question with a question? no the past is not the future but the past indicates (and proves) how America was able to overcome economic hardships.