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The incoming economic break.
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28 / M / Home of SeaBiscuit
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Posted 12/17/07
Solution: Turn America into a communistic state.
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35 / M / Utah
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Posted 12/17/07

Stickmania wrote:

Well all it will mean in a worst case scenario is a global depression like in 1929 with mass unemployment etc. But I highly doubt it will reach that low cos its not like this economic slowdown wasn't forseen unlike with the wall street crash.


I've checked the poverty % in the 1920's it was 45-55% while now in the U.S it's 60% :blink:.


Stickmania wrote:

Trouble with america is that it loans money around the world so if you guys go down you will drag a LOT of other countries with you


That is mostly in Utah. You'll see so many credit cards.


happyxix wrote:

Solution: Turn America into a communistic state.


This might hurt the economy but that's a guess. On another note the medical bill would be improved by A LOT have you seen the movie about the medical bills in the U.S compared to prison and other countries. It's better. The movie is titled Sicko.
Posted 12/17/07
I'm happy to live in a country where we are moving foreward, have free healthcare, laws against guns, police without weapons, one of the lowest murderrates and by UN called the country it's best to live in.. So I guess I can just keep my mouth shut and watch this ship going down
Posted 12/17/07

mikomiko123 wrote:

I dont wanna discuss about the economy....lolz... Im too tired... But I would think the world leaders would think of something productive that can save us... I hope...


ROFL u honestly think government helps???? if u ask me government is a bunch of bull maybe cuz i'm an anarchist


DOWN WITH THE GOVERNMENT!!!!!

ANARCHIST UNITE!!!!
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Posted 12/17/07
the american govt. is probably becoming corrupt and that doesn't help (i'd hate to see that happen). my friends and I made plans to flee that country before the economic breakdown...but it'll probably catch up with us...maybe all the natural and political catastrophies that are recent are affecting the country's economy
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35 / M / Utah
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Posted 12/17/07

torerling wrote:

I'm happy to live in a country where we are moving foreward, have free healthcare, laws against guns, police without weapons, one of the lowest murderrates and by UN called the country it's best to live in.. So I guess I can just keep my mouth shut and watch this ship going down


My friend lives in England so I have the gist of how's Europe is doing.


batnim wrote:

the american govt. is probably becoming corrupt and that doesn't help (i'd hate to see that happen). my friends and I made plans to flee that country before the economic breakdown...but it'll probably catch up with us...maybe all the natural and political catastrophies that are recent are affecting the country's economy


You can escape the chaos, but when the economy ship goes down it will affect the world since people are trading with the U.S, and we buy a lot of foreign goods.
Posted 12/17/07

Zepher wrote:


torerling wrote:

I'm happy to live in a country where we are moving foreward, have free healthcare, laws against guns, police without weapons, one of the lowest murderrates and by UN called the country it's best to live in.. So I guess I can just keep my mouth shut and watch this ship going down


My friend lives in England so I have the gist of how's Europe is doing.

Europes countries are a lot more different than your states, just so you know it, you can't see the whole from one country, scandinavia is so different from UK that's so different from the mediterranian whgo are so different from the russians and so on,.
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35 / M / Utah
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Posted 12/17/07

torerling wrote:


Zepher wrote:


torerling wrote:

I'm happy to live in a country where we are moving foreward, have free healthcare, laws against guns, police without weapons, one of the lowest murderrates and by UN called the country it's best to live in.. So I guess I can just keep my mouth shut and watch this ship going down


My friend lives in England so I have the gist of how's Europe is doing.

Europes countries are a lot more different than your states, just so you know it, you can't see the whole from one country, scandinavia is so different from UK that's so different from the mediterranian whgo are so different from the russians and so on,.


I wasn't assuming how's most of Europe is doing from one country, most of the cases some countries are similar and some are having some trouble. Sorry if it seem that way.
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Posted 12/17/07

happyxix wrote:

Solution: Turn America into a communistic state.


yes.. do that..
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28 / F / Happy Valley
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Posted 12/17/07
recession can fix the inflation if it does occur. The economy was doomed from the start at least i think. The 30 year morgage rates are higher than they have been in the previous year and the fed is screwed. it's the mad dash and building in suburban lands instead of rebuilding on once used lots they are building on new land and are having a hard time selling the houses. may our GDP isn't what it used to be.

also i probably dont know what i'm talkin seeing as i hate economics and i just bombed my final.
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29 / M / Aboard the Hyperion
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Posted 12/17/07
Yes housing these days is the hotbed of monetary problems. The reason why colleges are even costly is also because of housing. But I suppose the current economy is actually best for the US. The same kind of mechanism won't work very well in other places and not at all in countries with a way greater population like China (so communism would actually be better for a country like that but in essence, no true communism has existed yet).

Now I've seen some posts having put universal healthcare, social security, etc. Yeah no joke. We're in trouble, this generation. A lot of baby boomers are living longer and at the same time running out of money from s.s. and we pay part of that. By the time it's our turn, I wonder how much can support us. And I don't think a universal health care is best for the US. Maybe for smaller countries such as Cube (that's why they have a really good one going). I'm not about to sit for 18 months to get my leg fixed should something happen to it.
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35 / M / Utah
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Posted 12/17/07

Ariisa wrote:

recession can fix the inflation if it does occur. The economy was doomed from the start at least i think. The 30 year morgage rates are higher than they have been in the previous year and the fed is screwed. it's the mad dash and building in suburban lands instead of rebuilding on once used lots they are building on new land and are having a hard time selling the houses. may our GDP isn't what it used to be.

also i probably dont know what i'm talkin seeing as i hate economics and i just bombed my final.


Recession is basically unemployment when I'm using it in this topic. So how does unemployment help decrease the prices? If the flow of money is too fast (which is everyone is buying products in a faster pace) then price rises to fix that problem.

For the mortgages, there's a group of people that are buying ruin/poor houses for cheap, refurbish, then sell them for a higher price and they set up a low mortgages rate. In 5 years that disappear and the rates slowly rises until that person can't pay it anymore. In other words people are gambling with houses so it's like the great depression when people gamble on the stock market.
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27 / M / currently residin...
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Posted 12/17/07
i dont mean to offend the efforts of the soldiers in Iraq.. but i dont mind disagreein with the president and his decisions so far.. im not even to sure if terrorists really did attack us or it was an excuse to go to war.. but i do know that this pointless war has been greatly affecting the economy.. the united states keeps wasting so much money and the war doesnt seem like its coming to an end any time soon.. the countries debt with other countries is growing, if im not mistaken its in the trillions.. the dollar has been losing its value too.. companies are becoming reluctant to invest here and many have been going bankrupt.. other countries with good economy have been takin advantage of all these problems.. for example a lot of the trillions the united states has in debt is money china has been lending us.. we could only hope that we get a new president soon who will take us out from iraq before economy keeps gettin worse =/
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35 / M / Utah
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Posted 12/17/07

CrashAriMP5N2O wrote:

Yes housing these days is the hotbed of monetary problems. The reason why colleges are even costly is also because of housing. But I suppose the current economy is actually best for the US. The same kind of mechanism won't work very well in other places and not at all in countries with a way greater population like China (so communism would actually be better for a country like that but in essence, no true communism has existed yet).

Now I've seen some posts having put universal healthcare, social security, etc. Yeah no joke. We're in trouble, this generation. A lot of baby boomers are living longer and at the same time running out of money from s.s. and we pay part of that. By the time it's our turn, I wonder how much can support us. And I don't think a universal health care is best for the US. Maybe for smaller countries such as Cube (that's why they have a really good one going). I'm not about to sit for 18 months to get my leg fixed should something happen to it.


I believe with our poverty rate is higher than the great depression. The current technology and other major events doesn't make it look bad at all. Our economy would be better if the 5% population with 80% of the U.S wealth could spend 500,000 a year would help the flow of money greatly.

Like I said in my other post housing prices is high because of the group of people that are buying cheap and refurbishing then scams the people living there after the 5th year.

And for the medical care in the U.S; Did you know that if the people cant pay for the medical bill we kick them out of that hospital in their hospital gown. And 9-11 heroes have to quit their jobs because of their medicine, etc.
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35 / M / Utah
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Posted 12/17/07

uchi23 wrote:

i dont mean to offend the efforts of the soldiers in Iraq.. but i dont mind disagreein with the president and his decisions so far.. im not even to sure if terrorists really did attack us or it was an excuse to go to war.. but i do know that this pointless war has been greatly affecting the economy.. the united states keeps wasting so much money and the war doesnt seem like its coming to an end any time soon.. the countries debt with other countries is growing, if im not mistaken its in the trillions.. the dollar has been losing its value too.. companies are becoming reluctant to invest here and many have been going bankrupt.. other countries with good economy have been takin advantage of all these problems.. for example a lot of the trillions the united states has in debt is money china has been lending us.. we could only hope that we get a new president soon who will take us out from iraq before economy keeps gettin worse =/


Other countries haven't paid their national debt too. We still haven't paid our national debt in the past wars. If you want the U.S to pay off this debt; a very very quick way is to put a tax on soda. It will prevent people buying soda for some, enrage soda companies, cause riots because we don't like taxes (I don't mind my taxes for some reason.), and a few other things.

We won the revolutionary war because we just needed to wait until Great Britain gets tired of sending troops over in America. Now make comparisons to other wars similar to that. There are some that the side that was sending troops won (one reason is because they have a very ethical reason to win not like the war in Iraq). We should leave foreign affairs alone until it hits us. (The 9-11 attack could be from a different terrorist group) Most of us assume they are from the middle east because of the concentrated terrorist attacks.
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