40 'Frightening' Facts On The Fall Of The US Economy

[captain morgan]

Thirty years ago was a different economy. It's all much more globalized now. That cat's out of the bag and it'll be hard to put it back. No need to sweat it though--I'm sure the billionaires and mulitnationals will land on their feet.

Not all national economies are in the same boat here. On one side you have the nations like Spain, Italy, the USA (et al) that have a serious debt/deficit problem and on the other, there are nations like China that are doing quite well... In the middle are countries like Canada and Germany that have enjoyed a significantly different experience during this down turn.

As far as mulit nationals and high net worth folks are concerned, capital is very mobile and as the investment/economic climate changes in one region, you will observe the flight of capital to other jurisdictions.

Don't forget, the US had a very 'friendly' environment for years and their economy lead the pack during that time; it not only attracted investment, but retained it as well.

Today is a vastly different story, but take a look at the environment and you get some strong clues as to the motivations in why and where the money is going

I don't think you can just blame government spending. Britain has been extremely austere--hasn't really helped. Canada, on the other hand, is a socialist state compared to the US, and yet we've fared a little better than them over the last thrity years.

Britain is an interesting example... Consider what the scenario would look like today if they had not introduced those measures.

To a degree, it also becomes a self-fulfilling prophecy in that as the economy weakens (and spending isn't reduced by a relative amount), taxes generally go up to raise money and puts pressure on those small and mid size companies to remain solvent and/or generate a profit that reflects the risks.

I don't really understand internaitonal economics that much, but to me there's been a shift of control fro national to international entitites (like the World Bank, IMF) and the transfer of wealth, in aggregate, leading to a greater wealth imbalance between rich and poor. In other words, things that austerity programs actually make worse.

It's a complicated area of study - tons of impacting variables that are far outside the sphere of one nation's control... A good place to start is in analyzing the trade balances of nations and starting from there.

 

[coldstream]

I read the first 5 and knew this is part of the libertarian assault on a rationally organized economy that is at the core of the American and Western economic collapse. It has NOTHING to do with debt. Any debt can be monetarized if a country has maintained sovereign control of its currency and credit.

When debt is internationalized and the currency debased through monetarism (commodification and free trade in currency and credit).. that option is eliminated. The heart of the problem with the U.S. economy is the collapse of production brought on by Free Trade and Free Market economics. The lack of an integrated national industrial economy has destroyed the prospects for the American economy.. and ours.

It's handed our fate to the completely amoral and predatory dictates of the Global Investment Organism.. and its running dogs.. the WTO, IMF, World Bank.

All of this falls into a pattern of the sabatoge of the sovereign nation state and its priviledges with its objective of an equitable distribution of wealth.. hence its replacement by the lack of any comprehensive economic planning, regressive taxation and promotion of non-productive sectors of finance, trade and usury.

 

[darkbeaver]

I read the first 5 and knew this is part of the libertarian assault on a rationally organized economy that is at the core of the American and Western economic collapse. It has NOTHING to do with debt. Any debt can be monetarized if a country has maintained sovereign control of its currency and credit.

When debt is internationalized and the currency debased through monetarism (commodification and free trade in currency and credit).. that option is eliminated. The heart of the problem with the U.S. economy is the collapse of production brought on by Free Trade and Free Market economics. The lack of an integrated national industrial economy has destroyed the prospects for the American economy.. and ours.

It's handed our fate to the completely amoral and predatory dictates of the Global Investment Organism.. and its running dogs.. the WTO, IMF, World Bank.

All of this falls into a pattern of the sabatoge of the sovereign nation state and its priviledges with its objective of an equitable distribution of wealth.. hence its replacement by the lack of any comprehensive economic planning, regressive taxation and promotion of non-productive sectors of finance, trade and usury.

So many people don't understand the battle between the nations and the internationalist organized crime, fornicate the Bank of International Settlement. The proposed and much wanted TPP agreements will enslave every man women and child under it's boots. I hope this four thousand year old war is over soon.

 

[gopher]

For how long?

The US has a spending problem gopher - that's quite different from an income problem

I have repeatedly quoted Republican hero D1ck Cheney who previously said Reagan proved deficits don't matter.

If this wasn't a problem under Reagan-Bush-Bush II, then it isn't a problem now especially in view of the fact that corporations are enjoying their highest profits in history.

Oh yes!! America is so great, people will just roll over and bring the money back to the USA.. They have it overseas for a reason.. It's safer to keep it in the EU, Canada or Asian markets..

With Obama printing money, it becoming worthless. Soon, the Mexican Peso will be a choice currency.. lol

The USA is great for the poor guys,you know the saps with the American Dream.. hoping for a better life and to make it rich..

When you actually make it rich.. really rich, you find out citizenship or living in the USA is not all that it's cracked up to be..

Facebook co-founder Eduardo Saverin gives up U.S. citizenship ahead of IPO - Silicon Valley Business Journal

There are plenty of countries that are far, far better and more fun to live in than the USA.. but in your arrogance, I'm sure that you think the world wants to move to the USA.. sure 15 million poor people certainly do.. but the rich ones and smart ones are moving out.

Complete mind warped delusionalism. The government can close down tax shelters any time it wants. All it takes is a matter of will, nothing more.

 

[EagleSmack]

 

[taxslave]

Do you expect him to get that?

Don't forget... the present government thinks all money belongs to them and it is a privilege to keep a portion of what you earn.

He doesn't understand that that money... IF they got a hand on it... would be blown. Just given away to buy more votes and secure government dependency for the dumbocrats.

Add in all previous and future governments as well. The only variation will be where they squander the plunder.

Far more insidious than the Federal government's wastage is the spending at the municipal level. I don't know how widespread it is but the municipalities and regional districts(counties) around here are totally out of control.

 

[captain morgan]

I have repeatedly quoted Republican hero D1ck Cheney who previously said Reagan proved deficits don't matter.

BLAME REAGAN
BLAME CHENEY

If this wasn't a problem under Reagan-Bush-Bush II, then it isn't a problem now especially in view of the fact that corporations are enjoying their highest profits in history.

How's the unemployment and foreclosure rate look these days?.. I'm guessing that it is also the highest in US history along with the 'massive profits' that you are reluctant to delineate.

Tell ya what bud, I don't expect an answer on this - you deflected on my previous questions that related to it for long enough for me to understand that the reality totally undermines your assertions.

.. But, don't let that stop you from fightin' the good fight all the same

 

[petros]

There is a new Clint Eastwood movie out.

a fist full of devalued dollars

 

[darkbeaver]

I can see Clint swaggering up to the door of the saloon with a wheelbarrow of devalued dollars to get a shot of whiskey right after a multiple fatality gunfight. Horses saddles and chaps won't be cheap either. It's going to be a hard remainder of a century for us cash dependent cowboys. I sure hope Clint is gunning down the horse thievin woman smackin international bankers in this new flick of his.

 

[gopher]

hey cap - how's the corporate profit scene doing today?