Where are we headed?

[Tobra]

Mule, he is on my ignore list because he does not contribute to the discussion. For example, in your quote of him, he stupidly suggests that our creditors are going to call our loans. Won't happen. If the US economy collapses, it is not going to impact the rest of the world in a positive way.

We are in for tough times, and I fear we will begin resembling Europe more and more, we are in for a long recession or depression. Eventually it all falls to pieces, because of the entitlement programs growing, and the number of people actually kicking in money shrinking.

It is all just a matter of time. Eventually, unreasonable socialists, like superman or his buddies, will outnumber reasonable folks and democracy will take its course.

[The Gaijin]

Pisses me off. The best and brightest around the world want to move and work here and we get fruit peddlers and street vendors. They get the front of the line because they are the third wife's brother. The he gets to sponsor his ten kids. Tobra is right - one big welfare state with everyone getting their share and nobody working to paying for it all..

[WI wide body]

Originally Posted by Tobra

Mule, he is on my ignore list because he does not contribute to the discussion. For example, in your quote of him, he stupidly suggests that our creditors are going to call our loans. Won't happen. If the US economy collapses, it is not going to impact the rest of the world in a positive way.

We are in for tough times, and I fear we will begin resembling Europe more and more, we are in for a long recession or depression. Eventually it all falls to pieces, because of the entitlement programs growing, and the number of people actually kicking in money shrinking.

It is all just a matter of time. Eventually, unreasonable socialists, like superman or his buddies, will outnumber reasonable folks and democracy will take its course.

So you deduce that our creditors will never call our loans to them. Now that is true brilliance personified. Do you actually believe that they are buying them so that they will never cash them in? Don't quit your day job to go into finance.

However, maybe our creditors are spending their money on our bonds just so that they can build card houses out of them for display during cocktail parties. Right?

BTW, the reason you ignore people is that you cannot respond to logical questions (such as right here) and that you often box yourself into a corner and it's easier to hide. Live with it.

[onewhippedpuppy]

The world's going to end in 2013, right? What the hell, let it ride baby!

[kstar]

Economy crashing, American manufacturing getting decimated by the Chinese, U.S. dollar plummeting against the Euro and other currencies, an endless invasion of illegals with no end in sight, no accountability for anything anymore on the part of the average Joe out there, oil over $100 a barrel, gas over $4 a gallon (and climbing), banks failing, taxes going up, the prospect of a highly socialist government in the upcoming presidential election, an endless quagmire of a war costing us billions a day, crumbling infrastructure, failing educational system, etc., etc. etc. . .

Did I just stumble into a network news channel?

Best,

Kurt

[MRM]

Sorry guys. US manufacturing is just starting to pick up. BMW just announced they're expanding the SC plant and ****ing production there. The medium sized three are shifting European production to the US because it's cheaper to produce here and import back to Europe. The low dollar is coming back to help our manufacturing sector, although it's a blow to our ego and makes traveling tough. Most of our trade imballance with China is caused by the artificially steep exchange rate. This is similar to the fundamental change in the dollar's value that was experienced vis a vis the DMark in the 196s and 70s.

We're in the trough of a business cycle right now. It will all feel a lot better in the morning. When John McCain is in charge of counter terrorism operations and world diplomacy. How many jobs are created building a new carrier task force?

[onewhippedpuppy]

Actually, BMW, Porsche, Audi, and VW are all planning or contemplating building plants in the USA. Odd that the devalued dollar does have some benefits.

[Jim Richards]

Originally Posted by MRM

How many jobs are created building a new carrier task force?

Let's ask Boeing.

[strupgolf]

Pisses me off too. I read that Congress is going on a spring break. But before they do, they need to start taking on the 2009 budget. The problem is it contains BILLIONS AND BILLIONS more than the president asked for. Why cant it include BILLIONS AND BILLIONS less. These jack-asses always are good at spending somebody else's money. This overspending has got to stop.

[Chocaholic]

Originally Posted by onewhippedpuppy

Actually, BMW, Porsche, Audi, and VW are all planning or contemplating building plants in the USA. Odd that the devalued dollar does have some benefits.

Nothing odd about it. The devalued dollar sucks investment into the US. In any case, I'm heading back over to the PPOT board now. This CNN "the US is dying" bulletin board is self fulfilling and just plain depressing.

[Red Baron]

The Sky Is Falling - The Sky Is Falling......

[Tim Hancock]

I am not too worried.....thankfully I was never into the game of buying 100k houses for 500k in overpriced areas of the country and instead decided to be happy with my simple house in the boonies that I paid off early. If the ***** ever hits the fan, I will survive just fine, although the wussification of America is a bit depressing.

We Americans currently live in the most powerful country on the face of the earth and I doubt the socialist types will be able to completely destroy it in my lifetime.

[turbo6bar]

PoP, let's say you had $100k sitting around idle. You need to dispense it properly to prepare for the long-term. Where do you put it? We're not talking about short-term gains or hedging, and we aren't necessarily talking about investments. It could be anything, but you must be looking for the long-term (no corvettes, K).

Education?
New business?
Equipment or supplies?
Equities?
Investment real estate?
Tax leins?
Timeshare @ brothel?

Please, no rants. Just the facts.

[WI wide body]

Originally Posted by Red Baron

The Sky Is Falling - The Sky Is Falling......

Yeah, it's all probably just a false alert and gross exaggeration.

David Walker (just quit as Bush's Comptroller General) had a great column today that indicated the economic reality of the USA. He said that our nation's total unfunded liabilities now translates to an IOU of about $450,000 for every American family.

But hey, that skys still up there. Right Baron?

[the]

"The sky is falling" type stuff. People were running it in the More Bad RE News thread years ago.

As that thread showed, sometimes you can't avoid or prevent problems by simply ignoring them or pretending they don't exist.

[Bill Douglas]

Now this would have never happened with Richard Nixon in control now would it.

Fine man, fine man.

Well for a start Bin Laden would have gone missing on the way back from the local deli and poor ole Sadam, he would have been reconised for the good guy he actually is (was).

[Bob Goding]

Originally Posted by Porsche-O-Phile

Economy crashing, American manufacturing getting decimated by the Chinese, U.S. dollar plummeting against the Euro and other currencies, an endless invasion of illegals with no end in sight, no accountability for anything anymore on the part of the average Joe out there, oil over $100 a barrel, gas over $4 a gallon (and climbing), banks failing, taxes going up, the prospect of a highly socialist government in the upcoming presidential election, an endless quagmire of a war costing us billions a day, crumbling infrastructure, failing educational system, etc., etc. etc. . .

So where do you think this is all going? Discuss?

Recession? Depression? Complete economic collapse? Inevitable failure of the U.S. government? Nothing at all? Imminent recovery?

What say you all?

Question #2---- and why are we in this handbasket?

[WI wide body]

Originally Posted by Bob Goding

Question #2---- and why are we in this handbasket?

Well, some say it's because of fine government leadership...but that'as just a rumor.

[Mule]

Do you vote?

[WI wide body]

I actually voted for Favre but that damn Brady guy from the cheater team got the MVP award. Why do you ask?