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Discussion in 'Economics and Financials' started by DaFish, Mar 23, 2009.
Sad but true!
It is clear that this country needs some time of produce to raise us out of this hell-hole. I'm not sure what it is, but these fixes here and there won't do it they just won't do it.
Thats why China will probably eventually take over as the world leading economy.
Their system is based on savings while ours is based on credit .We like to spend money before we earn it.
Not me though.I have never bought anything on credit .If I cant pay cash for it I convince myself I cant afford it.Yes including cars and houses.
I can sum this up in two words. Watch.
True state of the economy = "we're ****ed"
We have a way to get out of this mess but only more spending just increases the problem and assures that China will one day SOON will own us.
We are no longer a world supplier, save for food, we are now only an end user!
This administration is on it's way to crushing the USA. This country will be changed for the worse. We may never be able to recover except a recession so deep most people won't know what to do!!!!