America's Financial Crisis

[Sip]

Re: America's Financial Crisis

If this nation down sizes, tightens its belt, eats less, wastes less, purchases less, lives simply, lives within their means, stops borrowing money unnecessarily, stop using credit cards, recognizes that the financial system is utterly corrupt, recognizes that the Federal Reserve is ruining the nation, recognizes that US politicians don't serve the people they serve special interests, recognizances that globalism is ruing the nation, recognizes that we are fighting wars overseas to feed the mouths of a select few, recognizes that our relationship with nations like Israel and Saudi Arabia are major liabilities, recognizes that the trillions spent of wars and dictators overseas can be better spent in the nation, recognizes that the nation needs alternative energy... we might just pull through this mess.

I completely agree with this. My position thus far which seems to have resulted in me being labeled a "red neck" is my inherent optimism in the outcome.

I'm going to leave you with one of my favorite Wall Street saying: "Past performance does not guarantee future results"...

But doesn't history repeat itself? Isn't that the whole premis behind why so many like to repeat this cliche about empires eventually "falling"?

For the 5-year revisiting sake, there is no doubt Globalism is a reality ... China and India will continue to force huge shifts in how things are done. But in the long run, it is going to come down to the old producer/consumer factor. If you produce more than you consume, you'll probably be in a better shape than the reverse ... and in US's case, no doubt the consumption has been blowing out of proportion but it does have the ability to catch up in terms of production (in the broad sense of the term). Of course cutting back on consumption (again broad sense of the word) wouldn't hurt at this point.

[Armenian]

Re: America's Financial Crisis

I'd love to revisit this thread in about 5 years. It would be interesting to see how these typical "dooms day" scenarios will come to fruition and in what ways

Dear Sip,

You are acting silly, again. It can easily head to a doomsday scenario, but it does not have to. And there are no time frames in this discussion. Everything is dependent upon various domestic and international factors. But what are you basing your great optimism on? Obviously not the political and financial experts. Perhaps Fox News experts?...

We have been living in a post World War Two America (The American Dream), when the country was riding high and was the epicenter for politics and commence. Well, it's all but over now and this is only the beginning. Global geopolitics as well as the global financial system is gradually changing. America's inevitable collaspe as a global power may take a few decades to fully come about or a few years, it may be catastrophic or simply bad, nonetheless, there 'will' be a drastic decline in America's economic and political capabilities.

Like I told Yerazhishda, it does 'not' have to be this way. We 'don't' need a xxxxing empire. Empires live big and they die big. If this nation down sizes, tightens its belt, eats less, wastes less, purchases less, lives simply, lives within their means, stops borrowing money unnecessarily, stop using credit cards, recognizes that the financial system is utterly corrupt, recognizes that the Federal Reserve is ruining the nation, recognizes that US politicians don't serve the people they serve special interests, recognizances that globalism is ruing the nation, recognizes that we are fighting wars overseas to feed the mouths of a select few, recognizes that our relationship with nations like Israel and Saudi Arabia are major liabilities, recognizes that the trillions spent of wars and dictators overseas can be better spent in the nation, recognizes that the nation needs alternative energy... we might just pull through this mess.

Like individuals, nations have to live within their means. The US, like its citizens, has been living way beyond its real means for a long time now. And like when individuals who are living beyond their means go bankrupt when times are rough, so can nations. That is where the US stands today. In short, the bigger your liability is the harder will be your eventual fall.

And there is a growing fear of a major global war. Like I told Skhara, their profound fear of loosing their wealth and power will force them to react in violent and unpredictable manner. The wars in Serbia, Iraq and Afghanistan and the future war in Iran and their rabid hate of Russia are inherently tied to their desire to protect their global hegemony.

I'm going to leave you with one of my favorite Wall Street saying: "Past performance does not guarantee future results"...

Think about it.

Your financial Guru

Armenian

[jgk3]

Re: America's Financial Crisis

Would you be willing to render a guess on what the shape of the US economy will be in 5 years from this day? Let us put this amazing intellect and "vision of the world" (bias?) of yours to a true test if you are man enough.

Do you think anyone was able to predict the rise of Russia during the Yeltsin years?

The requirements of the US to stabilize economically are clear, it must abandon it's empire agenda, and to do this, a political administration must steer the country in this direction, what does this have to do with predictions for 5 years down the road? We either get such an administration, or we don't, it's simple enough no?

[Anoush]

Re: America's Financial Crisis

Sip, you are unfortunately not being realistic.

I totally agree with Armenian as I can see the market and the politics with it and where it's headed to. We are heading into depression and it is very unfortunate but it is the realistic picture. There's a full fledged recession with the housing and the realestate going bankrupt; why people in here are even selling their cars because they cannot make the payments. The market sucks and so is the world politics. We are headed into depression. It's too bad but that's what it looks like in most likelyhood.

[Sip]

Re: America's Financial Crisis

I'd love to revisit this thread in about 5 years. It would be interesting to see how these typical "dooms day" scenarios will come to fruition and in what ways

Until then, Mr. Armenian, feel free to call me any names you wish. Only time will tell ... and until then, I know know ... you are amazingly smart and everyone else who disagrees with you is a dumb redneck. So what else is new?

Would you be willing to render a guess on what the shape of the US economy will be in 5 years from this day? Let us put this amazing intellect and "vision of the world" (bias?) of yours to a true test if you are man enough.

[Anoush]

Re: America's Financial Crisis

Excellent point, Skhara. I have been saying this in my posts. Their fear of loosing their wealth and power will force them to react in violent and unpredictable manner. The wars in Iraq and Afghanistan are inherently tied to their desire to protect their global hegemony. But that was only the start.

I just found this.

REAL REASON WHY USA & ISRAEL WILL ATTACK IRAN http://www.youtube.com/watch?v=EEpp9...eature=related

Thank you Armenian for the video. Two of the largest financial institutions here in the US such as Merryll Lynch their dollars went down on the market to some crazy numbers like 17 cents. We're headed into depression and it's scary. It would be even more scary to go into WWIII. I feel very bad for our children.

[Armenian]

Re: America's Financial Crisis

The situation in the US may be bad but that doesn't mean other places are enjoying great prosperity.

You are living in a dream world. Certain Asian nations and Russia are indeed enjoying great prosperity today. Great prosperity does not mean having a shopping mall in every xxxxing town, nor does it mean getting 10,000 television channels in your home 24 hours a day... China is the global economic superpower. India is the new silicone valley. And Russia is simply flooded in cash. However, Russia's real wealth is the fact that it essentially owes no money to anybody! Russia also controls the largest amounts of the globe's natural resources. Give Russia and China a couple of decades and they will most probably have a living standard better than ours in the West. There are three places on earth today that are enjoying great prosperity - Russia, China and Gulf States and not too far off behind them is India. And there are two places going into decline - Western Europe and the US.

The entire world is in very shaky situations and I wouldn't be surprised if for example China under goes a MASSIVE restructuring in the coming decades.

The entire world is in a shaky situation is because the entire world relied on the US dollar for many decades. With the US dollar in decline, yes the world's financial system has to readjust. In the aftermath of this global readjustment, and if American politicians don't wake up, the US will be a third world nation.

Personally I am not too pessimistic on the US ... at least no where near what these rather biased views in this thread try to paint.

The great majority of the top financial experts and as well as political experts will 'strongly' disagree with you, as would I and many other here. You are still in living in the hype. You are still not directly effected by the current situation. By the time the inevitable arrives it will be too late for individuals like you. Gradually, the living standard will drop here. Social services will be cut. The nation's infrastructure will deteriorate. There will be high unemployment. Thee will be high taxes. There will be lower wages. There will be a high cost of living. There will be the inability for most people to purchase homes. The nation's crime rate will surely increase. Societal tensions will increase. There will be an increase in health problems. There will be a further decline in education. There will be more bloody and costly wars... In my opinion, the aforementioned is a 'best case scenario' for the US in the coming decade or two.

If you are wealthy, or if you come from a wealthy family that knows how to manage their finances, you may not be greatly effected by any of the above. However, the vast majority of Americans (fat, stupid, and living in debt) will be gravely effected by the coming economic storm.

The main hurt in the US is the housing market which will inevitably bounce back. There are sectors that are in huge troubles (for example automobile and air travel) and one would have to live under a rock not to realize that manufacturing jobs have been moving to china. But much like the "tech outsourcing" and the "oh everything is going to India" ended up being mostly an empty scare, I think the manufacturing will also correct itself over time. There was a time where "made in USA" really said something about the quality ... and the way China has been going, I don't think it'll be long till we see similar days again. After all, people will only tolerate so many dead babies and pets before taking a second look at China and reevaluating things a bit

OK, you're sounding like a redneck. I have been through this path with you before. I just suggest you 'read' what I have posted here (they are mostly from reputable American sources) and give it some thought.

[Armenian]

Re: America's Financial Crisis

It's about the life or death of the entire American Empire.

That's the whole point. It does not have to be this way. We dont need a xxxxing empire. Empires live big and they die big. If this nation down sizes, tightens its belt, eats less, wastes less, purchases less, lives more simply, recognizes that the financial system is utterly corrupt, recognizes that US politicians don't serve the people they serve special interests, recognizes that we are fighting wars overseas to feed a mouths of a select few, recognizes that our relationship with nations like Israel and Saudi Arabia are liabilities, recognizes that the trillions spent of wars and dictators overseas can be better spent in the nation, recognizes that the nation needs alternative energy... we might just pull through this mess.

[yerazhishda]

Re: America's Financial Crisis

Really great video. Just shows us how little we understand about the workings of geopolitics. I think the American people sense that it was for "oil", but they don't get that it is bigger than some oil tycoon getting a couple more billion dollars. It's about the life or death of the entire American Empire.

[jgk3]

Re: America's Financial Crisis

that was a great video, really makes it clear as day doesn't it? Very simple message to pass around too.