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I see an economic diasater coming...

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

Previous topic - Next topic

0 Members and 2 Guests are viewing this topic.

Do you think the American economy will ever improve?

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

triffid

I think only 12 people should be left in the world.Its just a stupid idea(or number) as 500,000.Its my number no one elses. Henry Kissenger
had his own number now I have mine(12).Oh by the way,half the states in the USA had unemployment increases.
http://news.yahoo.com/unemployment-rates-rise-half-us-states-143515602--finance.html
triffid

Qwert

Quote from: triffid on September 21, 2012, 06:53:52 PM
Oh by the way,half the states in the USA had unemployment increases.

Unemployment in the USA is growing up. Obama plans to rise tax for the wealthiest. Republicans argue that rising tax on wealthiest would trigger even more unemployment.

So, if the wealthiest still benefit from Bush tax cut (the Obama plan is not yet in use, its just a plan), how does it come the present, already existing rise in unemployment which comes mostly from private enterprises?
Republicans argue that only private enterprise is the solution for unemployment, not social benefits/grants which only make people lazy, deprived of a will toward their own enterprise.
An example: during (and also before and even after) the Great Depression the social benefits known today were then unknown and somehow it didn't trigger any abnormal boom toward private enterprises, comparing present times.

triffid

I hope that S.S. remains intact bearing in mind that any politician who touches it will be committing political suicide.I hope that fear still exists!?! Heres a tip for cleaning your HD TV so you can see all the bad news  http://news.yahoo.com/blogs/upgrade-your-life/worst-ways-clean-tv-212508943.html


I bought a book today written by Harry S. Dent,JR.  published 2008
Its called "The Great Depression Ahead"
"And how to prosper in the crash following the greatest boom in history"
He believes in cycles.He says we are seeing today three cycles merging together.He says a major stock crash is coming.
So now I have Martin Weiss and Harry S. Dent to compare side by side.

triffid

Harry S.Dent says that the cycles are normal and we must have them.That we always had them and always will.Martin and Harry both see another depression coming.Martin says Jan,2013 and Harry says 2010.So if Harry is off by three years it may not matter since he does mention it could happen by 2015.Weiss says pay for his newsletter and he will tell you how to protect yourself .Harry says get into cash and high quality bonds.Weiss says buy gold now,Harry says gold bubble will burst too maybe by 2017?




I like Harry S.Dents appraisal of our current situation because he talks as if we will survive it.People will lose money sure.
Banks will fail maybe yours could too?Weiss gives you details if you will pay $49.00 for one year sub to his newsletter.
If you are interested just yahoo up Martin D. Weiss.