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Americans still feeling economic gloom
LoP Guest
lop guest
User ID: 406444
03-20-2017 07:18 AM

 



Post: #1
Americans still feeling economic gloom
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Americans still feeling economic gloom

http://archive.northjersey.com/news/ap-g...-1.1443029
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LoP Guest
lop guest
User ID: 396841
03-20-2017 07:20 AM

 



Post: #2
RE: Americans still feeling economic gloom
a $20 trillion national debt will do that to a person. there's no saving it at this point.
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LoP Guest
lop guest
User ID: 406444
03-20-2017 07:25 AM

 



Post: #3
RE: Americans still feeling economic gloom
In a room where
people unanimously maintain a conspiracy of silence,
one word of truth sounds like a pistol shot.
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LoP Guest
lop guest
User ID: 344469
03-20-2017 07:28 AM

 



Post: #4
RE: Americans still feeling economic gloom
Tip of the iceberg, 20T lol

There were 2.4Quadrillion in derivatives back in 2008 which came within a day or two of being triggered.

Now it's at least double that.

Might have 6 weeks or 6 months before that giant sucking sound leaves everyones cupboards bare.

Friday everyone leaves work for the weekend.

Monday morning nothing works, no banks, no credit cards.

Nothing.
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LoP Guest
lop guest
User ID: 397519
03-20-2017 07:28 AM

 



Post: #5
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.

$20 trillion national debt
$65 trillion commercial debt
$10 trillion in guarantees to fannie mae, freddie mac
$125 trillion in promises to retirees
Something like $1,250 trillion in derivatives.

Coupled with

Job entrant rates declining while retirees increase
Fossil fuel energy density decreases as oil becomes harder to obtain
Automation set to replace 50% of all jobs in 10 years

Yah I think it's time for Plan B.

Lmao
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LoP Guest
lop guest
User ID: 406444
03-20-2017 07:32 AM

 



Post: #6
RE: Americans still feeling economic gloom
Even the most Bush-happy, flag suckling jack-arse knows deep-down inside that something is wrong. America is over and everyone knows it. The New World Order has a dying empire odor and changing the channel ain't going to make this go away.
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LoP Guest
lop guest
User ID: 344469
03-20-2017 08:38 AM

 



Post: #7
RE: Americans still feeling economic gloom
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.
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DirtyAnnie
Registered User
User ID: 397041
03-20-2017 08:47 AM

Posts: 25,953



Post: #8
RE: Americans still feeling economic gloom
real wages in America have been stagnant for over twenty years, too much corporate greed and off-shoring jobs
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PENDULUM
Registered User
User ID: 397240
03-20-2017 08:51 AM

Posts: 3,970



Post: #9
RE: Americans still feeling economic gloom
Cut the Fed Res middle man, print our own, and peeps, put the credit cards down...it's money you haven't earned yet!

One learns more by listening than talking, because what you say, is what you already know......
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LoP Guest
lop guest
User ID: 406444
03-20-2017 09:00 AM

 



Post: #10
RE: Americans still feeling economic gloom
No one is going to work when everything is illegal and taxes pay for curfews, gun bans, NSA wiretapping, checkpoints, forfeiture, the end to the right to silence, free speech bans, torture, kill lists, no fly lists, searches without warrants, private prisons, mandatory minimums, 3 strikes laws, DNA databases, CISPA, SOPA, NDAA, IMBRA, FBAR, FATCA, TSA groping, secret FISA courts, and Jade Helm.

The US stock market is a massive Ponzi scheme. There was a time when the stock market was based on reality, but that time is gone.

The stock gains have come from government cash injections and CEO's buying their own companies stocks back using company money to boost share prices and their own personal net worth.

The economy collapsed in 2008 and the government bailed out the bankers instead of arresting them. Nothing has been fixed.

Most people prefer to ignore a hard fact rather than face it.

Those who fail to learn from history are doomed to repeat it. There was a bubble in 2001 and 2008. Both times there was a crash. Is this time different?

If debt is good, why doesn't the government print and borrow money to send monthly checks for $500,000 to every American?

The lazy are being sent welfare checks.

94 million Americans are jobless.

http://www.cnsnews.com/news/article/susa...ck-38-year

Wages are flat. Minimum wages are going up only because of government decrees, not because of real free market growth.

Stocks are high only because of QE and the fantasy belief that the government can keep printing money to bail out companies forever.

Interest rates are low because the Fed is afraid to crash the economy and bankrupt the government with higher rates.

Oil prices are low because no one has any money anymore.

The US economy is a house of cards. A large chunk of the hollowed out US economy is basically just consumer, mortgage, student, and auto loans, government deficit spending, overpriced healthcare, and fast food/retail jobs.

How can anyone say the economy is good when wages are flat, corporate profits are falling, spending is falling, sales are falling, orders are falling, jobless claims are rising, gold is rising, stocks are falling, futures are falling, confidence is falling, net worth is falling, inventories are rising, and negative rates are being considered?

http://www.cnsnews.com/news/article/susa...icipation- rate-lowest-38

http://www.cleveland.com/business/index....e_200.html

http://www.themonitordaily.com/corporate...ows/21169/

http://www.seattletimes.com/business/us-...-november/

http://www.toledoblade.com/Retail/2016/0...-cars.html

http://www.post-gazette.com/powersource/...-fall-5-1- percent-in- December/stories/201601280163

http://www.delawareonline.com/story/mone...ine-months /24502837/

http://elkodaily.com/mining/gold-rises-a...dd6d2.html

https://uk.news.yahoo.com/us-stocks-fall...11387.html

The US is headed for a complete economic collapse, a civil war, and WWIII.

Many people are complacent because their government checks are good now and they still have electricity and running water, but there is no doubt the US economy will collapse one day.

No country can print and borrow their way to wealth. Rome, Germany, Zimbabwe, Japan, and Greece couldn't do it.

The US economy might continue for 2 or 5 or 30 years, but one day the house of cards will crash. The US dollar will be worthless, there will be inflation, deflation, banks will shut, bankruptcies and foreclosures will rise, businesses will close, unemployment will soar, there will be bail-ins, capital controls, negative interest rates, riots, bank runs, bank holidays, and gold may be outlawed. Think 1929, 2008, and Greece all in one.

American jobs have been offshored, illegal immigrants are flooding the country, and the US is bankrupt. The government is punishing hard work with taxes and regulations while rewarding laziness with welfare. The government knows this fraud can't continue forever which is why they're building a police state and trying to start wars with Iran, North Korea, Russia, and China to distract Americans and boost the economy.

The world is now in another bubble and governments realize that they cannot print money forever.

The Fed has no more bullets, but the government has real ones.

Think.
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LoP Guest
lop guest
User ID: 410037
03-20-2017 10:37 AM

 



Post: #11
RE: Americans still feeling economic gloom
LoP Guest  Wrote: (03-20-2017 07:28 AM)
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.

$20 trillion national debt
$65 trillion commercial debt
$10 trillion in guarantees to fannie mae, freddie mac
$125 trillion in promises to retirees
Something like $1,250 trillion in derivatives.

Coupled with

Job entrant rates declining while retirees increase
Fossil fuel energy density decreases as oil becomes harder to obtain
Automation set to replace 50% of all jobs in 10 years

Yah I think it's time for Plan B.

Lmao

Automation will force the entire world to go plan b... personally the ONLY viable route for any nation will be a focus on higher skills levels across the board, mixed with a wage that would enable families to live off a single income (irrespective of the gender of the wage earner)

The plus side it would bring some much needed parental oversight to families units left to rot in a sea of everyone needing to work every hour to make ends meet in sh*t jobs that robots are just about to take.

It's that or accept something like UBI and that 50% of the current workforce will be paid to stay at home permanently and consumer whatever the robotic factories are pumping out with the further social decay that would create.
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LoP Guest
lop guest
User ID: 398270
03-20-2017 12:35 PM

 



Post: #12
RE: Americans still feeling economic gloom
The US has many problems, but automation is not one of them. Who wants to live in 1850? Many jobs have made obsolete by technology and replaced by other jobs. Robots don't write books or start businesses.

http://www.wisebread.com/9-unusual-jobs-...-destroyed

A minimum wage would drive up costs and encourage MORE automation.

http://www.chicagotribune.com/business/c...story.html

Universal basic income would just drive up prices and taxes without helping the economy.

https://www.theguardian.com/commentisfre...l-security
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pooky
Registered User
User ID: 375879
03-20-2017 01:00 PM

Posts: 23,505



Post: #13
RE: Americans still feeling economic gloom
Hell, it's been building for years. One day, though,...POP!
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LoP Guest
lop guest
User ID: 411364
03-20-2017 01:46 PM

 



Post: #14
RE: Americans still feeling economic gloom
LoP Guest  Wrote: (03-20-2017 12:35 PM)
The US has many problems, but automation is not one of them. Who wants to live in 1850? Many jobs have made obsolete by technology and replaced by other jobs. Robots don't write books or start businesses.

http://www.wisebread.com/9-unusual-jobs-...-destroyed

A minimum wage would drive up costs and encourage MORE automation.

http://www.chicagotribune.com/business/c...story.html

Universal basic income would just drive up prices and taxes without helping the economy.

https://www.theguardian.com/commentisfre...l-security


Load of bollox though... there is not a vast numbers of jobs coming that can't themselves be automated that will make up for the forthcoming job losses due to automation, most hopeful guess is a 35% reduction in the current workforce while the average guesses are in the region of 50%.. 80% of which will be in the lowest paid workers, and what are those new jobs you speak of, ones that can't be automated.. sorry, but that stance is a head in the sand approach.

A UK insurer recently asked 16,000 staff if their jobs can be automated, if they answer yes they'll get training in something that will be automated at a later date, a delaying process while the world seeks an answer.. I would say off world would be a great avenue, but that is way off..

here is an interesting link..... calculate your jobs/role risk of being automated..
http://uk.businessinsider.com/calculator...?r=US&IR=T

It demonstrates how broad the impact will be...

We as a world need to be looking at driving higher skills sets in the youth, or risk have a major societal split/// which is why I said that has to be a focus for the next generations, higher skills for a new world, but there will only be so many roles for engineers, architects, and music writers to go round 7 billion people..

Yes people can start their own business, I have, and know that means sh*t if no one has the money to buy what you are selling be it a product, or a service and no matter how hard you work, or how many hours you put in to making it a success.. even those so inclined or have the skills to run their own business fail at a very high rate.. they should be teaching kids accountancy skills in school, so they can atleast understand numbers..

And raising minimum wage has no connection to the driving force behind automation, that is just a big fat excuse, UK workers are paid far less and seeing equal volumes of automation as the US. Some even Blame Trump and Brexit for the increase in agricultural automation due to those nations being naughty racist bigots for keeping all those cheap migrants out, yet Spain and other such like countries are equally rushing headlong into automating their industrys, some far faster than the US/UK..

Depending on the market/national narrative will define what excuse is being given as to why automation is rushing headlong into the next phase..

Though i do agree that UBI is not an effective means of dealing with the change, to fully automate they need the existing consumer base to continue consuming, otherwise it makes the automation rather pointless..

So married to this is a need that any UBI has to be way over subsistence levels to keep the consumers consuming, it needs to cover these people forever and no way will the remaining tax payers tolerate that.. a very nice idea, but not at all workable.

Thus the world needs higher skills married to a wage that can keep a single family going comfortably, now that is the only real way left for society to survive and not devolve into some dystopian mess..

Am guessing that is why you referred to the 1850s as if you go back to that era, every member of the family had to work, mum, dad, kids, all worked or starved. how on earth do you think we got from that situation with a massive workforce to kids going to school (reduction in workforce) to mums staying at home (further reduction in workforce) and wages enabling a single worker to sustain a family unit, that is the process of automation we went through last time and are going through now..
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LoP Guest
lop guest
User ID: 398270
03-20-2017 02:01 PM

 



Post: #15
RE: Americans still feeling economic gloom
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