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Americans still feeling economic gloom
BlackGhost
Flight of The Dragon
User ID: 400356
03-20-2017 02:03 PM

Posts: 9,108



Post: #16
RE: Americans still feeling economic gloom
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the world financially blows up ... countries with ample food water and energy i.e. the USA closes her doors, pulls back all their military to protect borders, and the treasury prints ration tickets, distribution to be controlled by the national guard. Those with enough arable land, and the knowledge to work it, live a little better, than those stuck with no land or water...

worst case scenario you get a populace that raids and takes the General Mills, ADM, and other large corporate lands... more or less what happened in post war Sicily, when the people revolted and demanded land from the ruling class that kept all the farm land behind gated estates. Hungry people can be really scary especially when they show up with torches, pitchforks, and guns...

☯ On occasion I sit on the edge of the universe, to watch new space expand as stardust shining in the light, with thin threads of blue flowing out like rivers giving birth to new life. ☯

LoP Guest
lop guest
User ID: 398270
03-20-2017 02:18 PM

 



Post: #17
RE: Americans still feeling economic gloom
LoP Guest
lop guest
User ID: 396841
03-20-2017 02:21 PM

 



Post: #18
RE: Americans still feeling economic gloom
brick and mortar is taking a huge hit with several major bankrupties:

Radio Shack
HH Greg
B&B Appliance
Gander Mountain

and a ton of other closings.
BlackGhost
Flight of The Dragon
User ID: 400356
03-20-2017 02:28 PM

Posts: 9,108



Post: #19
RE: Americans still feeling economic gloom
LoP Guest  Wrote: (03-20-2017 02:18 PM)
http://www.investopedia.com/financial-ed...tries.aspx

yeah those US exports of food are going to be pricey to say the least, I doubt anyone relying on those exports are going to want the US to collapse financially.

☯ On occasion I sit on the edge of the universe, to watch new space expand as stardust shining in the light, with thin threads of blue flowing out like rivers giving birth to new life. ☯
LoP Guest
lop guest
User ID: 410590
03-20-2017 03:02 PM

 



Post: #20
RE: Americans still feeling economic gloom
LoP Guest  Wrote: (03-20-2017 08:38 AM)
If you are 30 years old now once the credit collapse hits if you live to be 100 you never get anywhere close to the standard of living you enjoy now.

How can you make such a blanket statement. Not everyone is so hopeless. If you have a high quality brain, you should be able to create a pretty sweet life for yourself. Even right now while some struggle, I on the other hand have never had any problem making more money than I'll ever need. How is that possible when others say it's not possible? Are they lying, or did they not bother to fill their head with enough smarts to survive?

We're living in the 21st century. Life has never been so easy and convenient. But maybe it has become too easy for many. Too many of you are blaming everyone but yourselves. Too many of you think it's someone else responsibility to fix your life or give you a job. That's crazy. I myself never blame anyone or anything but myself for everything. And I do not have expectations that someone else needs to give me a sweet job or raise my allowance/wage. I put that all on me, as I am the only one responsible for my happiness -- not some boss or some POTUS who has come to fix my life.

I am losing all my respect for american. They are turning into inept babies. Never in my life would I blame someone else or sit around waiting for someone to make my life sweet. I assume full responsibility for that. The rest of you should STFU too. If you don't think you're being paid enough, go work for yourself dimwit. Don't sit on your ass waiting for someone to offer your pathetic hopeless unmotivated ass a jooooob or more money. And stop expecting free sh*t and handouts from a government, parasites.

I really have lost a lot of respect for the human species, especially americans. Bunch of spoiled baby brats that seem to need a nanny state to manage their lives now. Wussies. No self initiative. No self motivation. And no self respect it appears either. What is wrong with some people. What's wrong with you that CAN'T while others CAN? WTF, huh?
LoP Guest
lop guest
User ID: 398270
03-20-2017 03:21 PM

 



Post: #21
RE: Americans still feeling economic gloom
Even Libertarians who believe in personal responsibility are worried.

Making money is easy when there is a credit bubble, but what happens when the bubble pops and people lose 90% of their stock market account values, home prices crash, banks close, unemployment soars, pensions fail, and the government can't print and borrow any more money for bailouts and welfare checks?
LoP Guest
lop guest
User ID: 396841
03-20-2017 03:35 PM

 



Post: #22
RE: Americans still feeling economic gloom
LoP Guest  Wrote: (03-20-2017 08:38 AM)
If you are 30 years old now once the credit collapse hits if you live to be 100 you never get anywhere close to the standard of living you enjoy now.

I agree but very few will even reach 90. I saw a retina specialist the other day and its a very high dollar operation. All co-pays must be paid before you can get through the door. Afterwards you pay your portion and then your out the door. As we spiral downward all government programs will have to be continually cut. Hate to say it.....
LoP Guest
lop guest
User ID: 398270
03-20-2017 03:52 PM

 



Post: #23
RE: Americans still feeling economic gloom
LoP Guest
lop guest
User ID: 410590
03-20-2017 03:53 PM

 



Post: #24
RE: Americans still feeling economic gloom
LoP Guest  Wrote: (03-20-2017 07:20 AM)
a $20 trillion national debt will do that to a person. there's no saving it at this point.

That's not our debt. That belongs to the yet to be born. Don't worry about it.
LoP Guest
lop guest
User ID: 398270
03-20-2017 04:01 PM

 



Post: #25
RE: Americans still feeling economic gloom
How did you go bankrupt?
Two ways. Gradually, then suddenly.
LoP Guest
lop guest
User ID: 410590
03-20-2017 04:28 PM

 



Post: #26
RE: Americans still feeling economic gloom
LoP Guest  Wrote: (03-20-2017 03:21 PM)
Even Libertarians who believe in personal responsibility are worried.

Making money is easy when there is a credit bubble, but what happens when the bubble pops and people lose 90% of their stock market account values, home prices crash, banks close, unemployment soars, pensions fail, and the government can't print and borrow any more money for bailouts and welfare checks?

Even though I have millions in cash and assets, I do not fear losing it all. My most valuable possession/asset is my brain. I only know one direction. Forward. My brain will always show me the way. It always has. I'm 62 and my brain has never been better. And tomorrow it will be even more smarter. I do not know the meaning of failure. I do not accept no as an answer. I love a good challenge. I adapt quite easily to change. I've never met a situation I couldn't deal with. I was a single father raising 3 kids for 14 years, the youngest being 4, doing so all alone with help from nobody but ourselves. I left home at 18 with $50 in my pocket and the cloths I had on and became successful enough to retire early. I'm not a whiner, or complainer, or cry baby. I blame only myself for my life. I don't put responsibility for me upon anyone else. I don't need a jooob, or handouts. I'm not a retard. I'm not lazy and unmotivated. I will be fine, even if the economy totally flops. I might even find a way to have fun with it, that's typically my style. I'll make the best of whatever as I always do. And I will fair better than most because I will always do. And the day I can't and start malfunctioning, I'll check out.

Use your brains, rely upon only yourself. Cheer When you are at the helm, everything in your life will be up to you to deal with, and you'll have only yourself to blame.
DirtyAnnie
Registered User
User ID: 397041
03-20-2017 05:13 PM

Posts: 27,243



Post: #27
RE: Americans still feeling economic gloom
and the young are being offered pay that is lower than I made 15 years ago
LoP Guest
lop guest
User ID: 411391
03-20-2017 06:24 PM

 



Post: #28
RE: Americans still feeling economic gloom
$1 per hour is better than nothing.
LoP Guest
lop guest
User ID: 397519
03-20-2017 06:27 PM

 



Post: #29
RE: Americans still feeling economic gloom
LoP Guest  Wrote: (03-20-2017 03:53 PM)
LoP Guest  Wrote: (03-20-2017 07:20 AM)
a $20 trillion national debt will do that to a person. there's no saving it at this point.

That's not our debt. That belongs to the yet to be born. Don't worry about it.

No you should worry about it, because debt programs an economy. The more debt you have the more economic activity is spent servicing the old debt.

But things change, economies change, people change, but they can't change because they have to service the old debt.

The more debt we have, the more our economy gets programmed, for the elite who hold all the debt (bonds).









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