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I see an economic diasater coming...

Started by the_big_m_in_ok, September 03, 2009, 01:05:30 AM

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Do you think the American economy will ever improve?

Yes, definitely
Possibly, in the long run
No, it will worsen
Undecided

sparks

  I was in a bank   (I like talking to the people that work there as opposed to dealing with a machine) and witnessed an economic disaster a spoiled brat and his escort were experiencing.  The young man was on the phone to what I could make out was his father.  His account was empty and he was in need of funds to do whatever he needed to do.  He was trying to coerce his father into depositing funds into his account.  The father from what I could make out was the administrator of a trust fund set up by grandpa for the benefit of his dna projections into the future.  Daddy couldnt transfer any money to sonnys account because A. The trust had dried up.  B.  The old man emptied the trust account a long time ago.  Well the kid is making a huge scene using 4 letter words and the ho he was with is just floating around the bank so you can tell she was pretty well acquainted with Sonny's way of supporting himself.  The kid storms out of the place and jumps into his minny hummer with the usual display of footpedal power exiting the banklot.  What job is that kid going to be able to perform.  I have no idea what percentage of the wealthy are taking a tumble but the above problem is because for some reason we feel our descendants will get a boost in life from our accrued wealth.   Grandpa would have done better service to his offspring by changing his wealth into dollar bills and burning them in front of Daddy so that daddy woudl get off his ass and do something besides being a consumer.  This is not a typical sceanario in America.  Most Americans work 50 hours a week not including the time travelling to and from work preparing to go to work repairing and maintaining the car that takes them to work and maybe getting a little time on a Sunday to do what they are into.  Most of the time this is to sleep in a little because your so damned tired out from the rest of the week and spend some time with family and friends on a Sunday afternoon.  Monday looms and its back to the grind. 
Think Legacy
A spark gap is cold cold cold
Space is a hot hot liquid
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triffid

By kid I assume a young 20 something?My dad always taught us by example.There was no family business but my dad held down jobs in his early years that he got laid off from.After about age 30 he didn't hold those jobs anymore.He got tired of being laid off(about 4 times).I learned from him.That I had to work for myself.No one was going to give me money.As a result I worked in jobs that I had to quit.I never got laid off.I did get fired twice but survived anyway.The bills still came in even if I was fired.The landlord still expected his rent.Etc.I learned to go back to work anyway.The people I owed money to still had faith in me even if my faith in me had been temporally shaken.triffid

the_big_m_in_ok

Quote from: triffid on September 02, 2010, 07:16:44 AM
I found this website on chemistry.Its a forum actually.This thread may not be the right one for it but I wanted to leave a link here somewhere. http://sciencemadness.org/talk/
Riiiiiight!!!!  Now you're talking my language.  I did rocket fuel research on launch vehicles for decades until I switched to jets and naval architecture(ship engineering) to extend my mental interests further.

I do suppose there are conspiracy sites on the 'Web devoted to explosives handling and manufacture, but that's a really, (really!) dangerous thing to get into.  On the other hand, there are survival uses for this information.  But, whoever does this:  BE. CAREFUL.

On topic:
http://www.foxnews.com/opinion/2010/09/03/john-lott-economy-unemployment-milton-friedman-depression-paul-krugman-newt/

http://www.nytimes.com/2010/06/18/opinion/18krugman.html?_r=2&hp

http://www.foxnews.com/opinion/2010/09/03/john-lott-economy-unemployment-milton-friedman-depression-paul-krugman-newt/

I say even if the government does anything, it won't help.  To wit:  The national debt load---including the potential $1,000,000,000,000 in "credit default 'swaps'  "---cannot be paid off unless we all lived to be 10,000 yrs old, or more.

--Lee
"Truth comes from wisdom and wisdom comes from experience."
--Valdemar Valerian from the Matrix book series

I'm merely a theoretical electronics engineer/technician for now, since I have no extra money for experimentation, but I was a professional electronics/computer technician in the past.
As a result, I have a lot of ideas, but no hard test results to back them up---for now.  That could change if I get a job locally in the Bay Area of California.