Will the US go bankrupt?

I say forget about China and bring our industry back!

I whole heartedly agree. Be prepared, though, for higher prices.

That's certainly, well, 'interesting'.

Prices are going to go up anyway even without manufaturing in US. It is a false dichotomy. Prices are bound to go up no matter who is making what so let's put Americans to work and keep the money circulating here instead of elsewhere.

People do not understand, in economics, prices go up. That's part of a healthy economy and an edit of consumerism.

Do not fear it!

Mycenean is a term for a period of Greek civilization that ended around 1100 BC several centuries before Aristotle was born, and the Chalcidice penninsula in which Stagira, Aristotle's hometown is located, was never a part of it either.

Natural resources: coal, copper, lead, molybdenum, phosphates, uranium, bauxite, gold, iron, mercury, nickel, potash, silver, tungsten, zinc, petroleum, natural gas, timber


So negative tut tut...


His credit cards are stopped and his house is taken along with other assets - who is going to take the US? Not a brilliant analogy you can not compare the actions of one person to a huge economy!

The whole world is (more or less) in financial crisis, it will sort itself out and there will be those who will do well throughout and there will be those who will fall by the wayside.

The difference is, that guy is one man and the US is a country full of many men and industries. It's not the same thing at all. Self fulfilling prophecy is what it boils down to. If you believe you will fail, you will. Our country will not fail.

Exactly, but how is that even possible? How can something that we invented (the monetary system) be in short supply?


Well in the real world companies, individuals etc go insolvent and/or bankrupt. The US could take more loans or tax the people, failing than an extend middle finger to the rest of the world. I favour the latter as long as the corrupt monetary system exists.


best get ready for massive tax payments to the state then.

It's not a real crisis. It's artificial, manufactured by the world's most affluent people. Money can't be in short supply unless humans make it so. We are in charge of our own destiny, our own fate and only have ourselves to blame when humans do stupid acts. If people program the collective conscious to succeed, we will all be prosperous but you see, WB, there are people out there who do not want everyone else to succeed and be prosperous. They are cliquey types who only want an elite few to be successful and everyone else to be poor, struggling and miserable. This is what diminishes success.

feels real enough to me and millions of others. Has the property market not fallen off a cliff over there too? sub prime mortgages and all that, come on, thats real.


That'll be part of the 2% that own 40% of the worlds wealth then. Ohh yeah im well aware of those buggers.

It's real for them but it could easily be remedied if the will were there. You have to get some philanthropy going first or it will never work and people are more misanthropic than ever. Look what it gets you.

actually it could be cured if the money was there to keep fueling the market.

.. pretty much sums it up. Best read up on your Darwin. If you can't adapt you're in for a lot of problems.


It will be the former not the latter. Still tough times coming, no doubt. It was due.. we (US) had it easy for too long. It was an accident, a wrinkle in time.

Everything will be fine once we get our manufacturing base back and we start buying our own products made in our own country. That way the money will keep circulating in our own country instead of so much of it going overseas.

You do realize that those fundamentals contradict the very meaning of profit. No business man is that patriotic. if the government stepped in and made some laws perhaps it would help, but oops that's government control anything socialist and the yanks will start shooting each other.

That said i think they may just be able to swing it in the name of saving the US economy, at the end of the day if News Corp are on side youre home free.

There is a difference between US National Debt (what I was talking about)
and US Total Debt (what you mention)

If we keep running our financial system the way we're running it now, then it will *always* fail at some point. We could settle our debts over and over again, or agree to clean the slate once more, and give every nation a fresh start, but at some point, money will be handed out in advance again, interest rates will increase and debts will rise again. But you know, have it *your* way.

:)

Very optimistic, but the way China has its manufacturing workforce paid just enough to survive so they must continue to work, there is little chance of the US global corporations ever competing. You can try to bring manufacturing back but another country can then use China to produce the same thing much cheaper killing all US exports. What US has in its favor is so much foreign investment and consumers that no rich country wants to see America collapse if only out of self-interest.

Shelley a long list of natural resources isnt going to save the US economy or help your argument, if they had oil reserves similar to Saudi Arabia perhaps. 80% the resources you listed can be found in most countries around the globe.

Petrolium is crude oil, America doenst have much oil. Natural gas, what shale gas? shale gas is a dirty source. I also had to chuckle at timber. Lets bot go to far into the others either.

My stance is the same if America truly combined and gained the backing of the people a more socialised political structure could pay dividends.