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Strategies & Market Trends : Waiting for the big Kahuna

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To: Real Man who wrote (88727)	7/13/2009 10:03:47 PM
From: Hawk	Read Replies (2) of 94695

You guys are being to optimistic, difference this depression to last. Consumer credit is 14 trillion , no one had credit cards back then. Most people didn't own their own homes back then, now they do. Government debt was relatively small back then and we were a creditor nation. We have an unimaginable mountain of debt and now we are the worlds largest debtor. We had an expanding manufacturing base and producing may of our goods, we have outsourced everything and import everything from China. We were on the gold standard then, so money printing was limited. We have the presses now running 24/7. More people lived on farms and were self sufficient as far as food was concerned, we have now huge farms that are broke. Of course we have food stamps. We followed the constitution back then, well it appeared to be so. Now that document has been shredded. We were oil and energy self sufficient then, now we must either bribe or go to war to get it. People around the world looked up to this country back then, now we are the laughing stock and lost all respect. How can all this end well?

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