More Evidence Great Depression II Is Here: 30mm Unemployed in U.S. (19% of workforce)

Discussion in 'Economics' started by ByLoSellHi, Aug 11, 2009.

  1. +1
     
    #111     Aug 12, 2009
  2. Having said that it took longer for the Roman empire to dissolve then the time period from the foundation of the United States till today.

    And Pax Americana has been in existence since the end of WWII basically which isnt that long on a historical base so it might still take some time for the empire to crack.
     
    #112     Aug 12, 2009
  3. You're obviously suffering from a severe trauma or delusion. The ONLY one in this entire thread who is

    a) ignorant
    b) hiding behind the computer screen insulting 10 people a day
    c) threatening people
    d) telling people what they may comment on

    is YOU!

    BIG SHOCKER you don't trade!!!! WHO WOULD HAVE THOUGHT!

    Case closed.
     
    #113     Aug 12, 2009
  4. bit

    bit

    Yes, and I hope you are correct, but news traveled MUCH more slowly back then.

    Although, despite the information age, I suspect people are generally more dense now than ever, due to television and unprecedented comfort...


    If it's not yet burning, it's certainly smoldering...
     
    #114     Aug 12, 2009
  5. I saw the movie "Idiocracy" recently. Stupid movie but getting scarily closer to reality.
     
    #115     Aug 12, 2009
  6. Amazing movie.
    PRESIDENT CAMACHO!

     
    #116     Aug 12, 2009
  7. You misunderstood completely. There is a social class called american workers and that class will live in 3rd world living conditions not overnight but it is heading there. Reason is they are not a college material and almost impossible to reeducate for this tech era and their jobs were sold out overseas and those jobs ain't coming back.
    Does that make you laugh out loud?
    It is tragic actually and borderline criminal imho what globalists have done with mighty USA.
    People's lives and dreams destroyed just for a couple of zeros added into the already enormous accounts, think about it all of this mess just for couple of fucking zeros .
     
    #117     Aug 12, 2009
  8. I liked that
     
    #118     Aug 12, 2009
  9. People living in third world conditions does not make me laugh...What makes me laugh is the fact that so many Americans have so little faith in their government/citizens to pull themselves out of this mess. The USA will not become a third world country, no matter how much negative speculation is spewed out.
     
    #119     Aug 12, 2009
  10. The dollar being the reserve currency is the result of our being by far the largest economy on the planet.
    It's a result of success. When some other country becomes the biggest instead, it will fade naturally. It's not at all an imperial imposition, and it actually results in a profit to us. It's not an expense.
    The problem in economics is that everyone focuses on stats instead of getting up and looking at what's happening in real life.
    In real life, for instance, Russia exports energy and not much else. That makes it a third-world country.
    Western nations export a wide variety of finished products and high value services. That's what makes them first world.
    Your status is dependent on what the rest of the world looks to get from you, as expressed by the exports you're able to sell. On that basis, Russia is a backwards basket case. China, Brazil and even India aren't.
    It ain't a case of BRIC, but of BIC. But most folks just focus on the stats and don't realize this.
    If you look away from the stats, the US is still doing very well, and will continue to do so for as long as we're alive. That's because it still has lots of vital places producing all kinds of things other people want. The rest of the world would kill to have just one of Boeing, Microsoft, Intel, Ebay or Google. The first successful electric car company is Tesla, out of California.
    That kind of thing doesn't happen in Russia.
    None of it has anything to do with the US being an empire. The US is dominant, but that's an effect of its success. That doesn't make it an empire. Two different things entirely.
     
    #120     Aug 12, 2009