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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://www.bloomberg.com/news/articles/2015-09-11/these-millennials-are-socking-away-15-of-their-salary?cmpid=yhoo  Good for them! triffid


He or she is an ordinary human, 18 to 34, who saves at least 15 percent of his or her salary each year in a 401(k) retirement savings plan. The mission: Save enough to retire comfortably. Or at least retire.
An analysis by Fidelity Investments of the 13 million participants in 401(k) plans it administers found close to 421,000 of these young "super savers," as Fidelity calls them, accounting for almost 20 percent of the millennial savers in Fidelity's database. They save an average of 11 percent of their salaries; the other 4 percent comes from a company match. The overall average millennial contribution rate is 6.6 percent, which rises to 11 percent with the company match.

the_big_m_in_ok

Quote from: triffid on September 11, 2015, 01:00:59 PM
A  new human species has been added to our family tree.Imagine what their world was like  two to three million years ago. http://www.theage.com.au/world/fossils-found-in-african-cave-are-new-species-of-human-kin-say-scientists-20150910-gjjzvj.html
I told my religious sister and brother-in-law, who was sitting next to her, "The Evolutionists and Creationists are both wrong.   I wasn't exactly as they both say; it was partly both: creation of a new life form and then a long period of slow evolution.
       The thing is...
I know what was in my mind at the time and it's the same now.   I can't easily, verbally, describe how it was done thousands of generations ago, and my problem still exists to this day.   Being a shamanistic-oriented Native American affords me an unusual 'vantage point' from which I can discern the truth, but that the average American has no way of knowing what I say is true unless he or she experiences the truth on their own.
       No basis of communication on a  'playing field'  that's not level through no one's fault.

Some of my problem, I believe, occurs regularly on this thread the same way.   I was given information that was not given to others, and my job function in creative engineering has some validity to me in this case.   I need to think differently than most people to get the job done.  My associates and supervisors know this and are 'okay' with it.

That's about all I can tell you and still be fairly coherent at the same time.  I hope.   Will return later when I have more time.

--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.

the_big_m_in_ok

Quote from: the_big_m_in_ok on September 13, 2015, 07:27:38 PM
Will return later when I have more time.
--Lee
This was on the Internet Sept. 14...
http://www.telegraph.co.uk/finance/economics/11858952/BIS-fears-emerging-market-maelstrom-as-Fed-tightens.html

Okay, it looks like to me that whatever is done to correct/mitigate the monetary crisis, essentially worldwide---especially in the future---will either have no positive effect, or will worsen their attempted actions.


I may of said on this thread in the past---and I say it now for sure:
       There isn't any good outcome in this scenario, unless some worldwide gov'ts in general make moneysaving efforts that, in a way, actually, force themselves into an economic depression by their on doing.   The stock market(s) crashing and the debt load as well, are an effective 'one-two' punch that cannot be avoided.   It happened in the Thirties, and now it's worse because, I was told, there's a whole lot more money involved this time.

--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.

the_big_m_in_ok

Quote from: the_big_m_in_ok on September 14, 2015, 05:24:20 PM
       This was on the Internet Sept. 14...
http://www.telegraph.co.uk/finance/economics/11858952/BIS-fears-emerging-market-maelstrom-as-Fed-tightens.html

Okay, it looks like to me that whatever is done to correct/mitigate the monetary crisis, essentially worldwide---especially in the future---will either have no positive effect, or will worsen their attempted actions.

There's something more in the way of a prediction:

http://www.marketoracle.co.uk/Article52357.html

Okay, I was looking for something 'concrete' in the way of clarity to upload here, and this is about it, above.   Another article I was a few days ago also said that this stock market is doing the same things as others, just in a lot bigger way, with a lot more money.
"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.

the_big_m_in_ok

Quote from: the_big_m_in_ok on September 20, 2015, 04:05:28 PM
There's something more in the way of a prediction:

http://www.marketoracle.co.uk/Article52357.html

Okay, I was looking for something 'concrete' in the way of clarity to upload here, and this is about it, above.   Another article I was a few days ago also said that this stock market is doing the same things as others, just in a lot bigger way, with a lot more money.
Fresh news from Greece's economy, as its failing in more than one measurement category:
http://www.theguardian.com/business/blog/live/2015/aug/03/greece-debt-crisis-athens-stock-exchange-opens-live#block-55bf16c1e4b05f8cd958117d

The article, cited above, is from August, but everyone who follows the worldwide economic market news would know their (Greece's) economy isn't mush better since then, if at all improved.   China's stock market continues to fall, every time they open it up for business:

http://fortune.com/2015/07/07/china-market-greece-debt/
       http://www.reuters.com/article/2015/07/07/us-china-markets-idUSKCN0PH08Q20150707
And now, this is coming down the road in the future:
       http://www.bbc.com/news/business-34013510
The slowdown in China can trigger similar effects in surrounding countries, as wall.   The future in general doesn't give me any hope for overall improvement in the Eastern Hemisphere for some time to come.

--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.