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Overunity Machines Forum



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 6 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

http://dailytradealert.com/2012/11/11/what-obamas-win-means-for-your-wallet/

If you have family in the armed forces, be prepared for even tougher times ahead. The Department of Defense will almost surely go on a diet, even as it invests in new ships and other hardware. That means fewer soldiers and smaller benefit packages for those who remain in the military.
If you are a school teacher, count on pay freezes and further job cuts. In the first part of his first administration, Obama sought to support states with funds that protect teachers' jobs. At the time, the move was seen as a stopgap in hopes that a firmer economy would restore state-level finances back up to historical levels. Now, lower state tax receipts appear to be the norm, and Washington is a lot less inclined to help out states at this point. A similar trend may play out among our nation's firefighters and police officers — unless crime statistics spike higher.
A smaller government is also likely to impact anyone living within commuting distance of Washington, D.C. The economy in that region has held up better than most, thanks in part to the still robust food chain of lobbyists and their spending. Fewer government employees, and fewer lobbyist dollars, are bound to create a drag on D.C.'s economy.
Also, look for more user fees on the goods and services you buy. The government won't formally call these tax hikes, but a reduction in federal contributions to state and local programs means the money will have to come from somewhere — namely you. From highway tolls to DMV registrations to arts programs, get set for local and state governments to boost their slice of the taxing pie.

triffid

This is Nova's story of the stock market mentality that in 2008 led to 14 trillion dollars of wealth decline.About an hour long.
http://www.hulu.com/watch/196872  triffid

triffid


Wyoming's backup plan POSTED ON MARCH 2, 2012, AT 12:48 PM A Wyoming legislator has introduced a bill designed to restore order when the nation's economy and social structure collapse by having the state issue its own currency. Republican David Miller says he wants to protect Wyoming residents from "catastrophic events," noting, "Things happen quickly sometimes — look at Libya, look at Egypt.




Maybe Wyoming knows more than we do?

triffid

http://larouchepac.com/home?n=24462&l=28   Larouch on averting the fiscal cliff.ten and a half mins long.  triffid

triffid

http://finance.yahoo.com/news/foreign-holdings-us-debt-hit-151426289.html


The good news is that they are still buying our debt.
China holds only 1.16 trillion of our debt.
Japan has 1.13 trillion of our debt too.
Total out there is 5.46 trillion held by foreigners.