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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: Real Man who wrote (26371)1/21/2010 3:44:38 PM
From: axial  Read Replies (1) | Respond to of 71475
 
"We'll have a decade of pain in the economy."

Yep. As you say, and I think most people realize, long-term damage can't be undone quickly. They'll take the pain if they see it justified by real change.

Ordinary people want the system fixed.

BWDIK?

Jim



To: Real Man who wrote (26371)1/21/2010 4:21:51 PM
From: ayn rand1 Recommendation  Read Replies (1) | Respond to of 71475
 
"decade of pain?" only 10 years?

you're not being the least bit overly optimistic, are you?



To: Real Man who wrote (26371)1/25/2010 6:56:26 AM
From: ayn rand2 Recommendations  Read Replies (1) | Respond to of 71475
 
Even though the U.S. financial system nearly experienced a total meltdown in late 2008, the truth is that most Americans simply have no idea what is happening to the U.S. economy.

Most people seem to think that the nasty little recession that we have just been through is almost over and that we will be experiencing another time of economic growth and prosperity very shortly. But this time around that is not the case. The reality is that we are being sucked into an economic black hole from which the U.S. economy will never fully recover.

The problem is debt. Collectively, the U.S. government, the state governments, corporate America and American consumers have accumulated the biggest mountain of debt in the history of the world. Our massive debt binge has financed our tremendous growth and prosperity over the last couple of decades, but now the day of reckoning is here.

And it is going to be painful.

The following are 20 reasons why the U.S. economy is dying and is simply not going to recover….

........................................................

shtfplan.com

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#20) When a nation practices evil, there is no way that it is going to be blessed in the long run. The truth is that we have become a nation that is dripping with corruption and wickedness from the top to the bottom. Unless this fundamentally changes, not even the most perfect economic policies in the world are going to do us any good. In the end, you always reap what you sow. The day of reckoning for the U.S. economy is here and it is not going to be pleasant.