I just read a statement saying that 2027 is when all the ##&^ hits the fan.
If our course of action remains the same.Triffid

How can we double dip, when in actuallity, we still have negative growth?

Lets explain this as simply as possible.
If you have a net worth of $200,000.00, & you rack up $50k on a credit card, are you still worth $200k? No, any bank will tell you, you are now worth only $150K.

How then can our government in 2009, rack up $1.422 trillion on our credit card, & yet claim 3.5% growth? If you take our GDP of $14 trillion, divide it into the $1.422 trillion borrowed, it means 10.2% of GDP was borrowed money, artificially pumped into the economy. 3.5% - 10.2%, ='s a negative 6.7%. This money has to be paid back some day, so there are interest payments to be made (30 years of it), increasing that negative 6.7% into the future.

Hi America, what happens today teaches us a valuable lesson. NEVER let other people manage your money. ONLY YOU alone are allowed to do that. When people let the government and the bank take care of their money, they blew it. The big banks get bail outs while the small banks are forced to close or eaten up by the big banks, small businesses collapsed, jobs are lost while CEOs are paid indecently. Money put in 401(K) are toast as the stockmarket crashes. People cannot retire because they can't afford medical, their retirement funds toasted. Let's face it, only we can take care of ourself with wise money management. Its better to manage my own money than let other people do it. Look what they did due to greed. Good luck America and the world but don't give up. One day the sunshine will still come back. Hang on there! triffid

It may take 7 to 10 years for some people to recover.But the worse credit record has a federal statue of limitations and thats 7 years.No need to commit suicide over money problems.Fear less if you can.Some states don't require 7 years of waiting.okla(3) and texas(4).triffid

Avoid mutual funds.They use 6-grade math to decieve you.A mutual fund that claims 25% a year can double your money or reduce it to zero after 5 years.Using the same math you learned in 6-grade.A very great deception.I got talked into some mutual funds a couple of years back and have seen them fall in value by about 25%.Now they send me letters saying I need to increase the amount I have in there.No way I'm sending more.Triffid