Do you feel that the economy is going to collapse?

Question

Please explain your reasoning for why or why not.

Answer 1

The economy?...

The NATION is being intentionally set up to collapse.

Oil and food prices rising? It's the value of the dollar PLUMMETING. IT HAS PLUMMETED. You've just begun to see the rapid inflation caused by this. You've just begun to see the world's dumping of the dollar that will speed the death spiral. Lowering interest rates when inflation spikes is suicide. That's a very basic rule in economics. They're only buying time to prepare for the collapse and they know it.

Lowering taxes on corporations has very little effect on the economy when their savings go straight into the profits column and they no longer use the money to employ Americans!!! Free-market rules do not apply in fascism!!! There is a HUGE difference between "free-trade" and the completely unbridled, treasonous hiring of FOREIGN SLAVES!!! When will you people admit you've been taken? It's going to be soon... I'll tell you that for sure. Any corporate aid we've handed out has NOT been returned to us.

Allowing the nation to be overrun by a number of 3rd world immigrants no nation could survive shows their intent. Handing out property and infrastructure bought and paid for by American taxpayers to foreign interests shows their intent.

You people still claiming the economy is wonderful make me sick!!! WATCH THE DOLLAR!!! You're spewing the propaganda that was used to funnel all of this country's wealth to the "globalists", leaving us in debt. You're praising the people who robbed you blind and will enslave your children. You are not the people who are going to come out of this OK. You are the people that cheerleaded for and handed everything to the people who will.

Keep talking about the unemployment numbers... Is it good when more people in a family MUST be employed? What about our HUGE (LARGEST IN THE WORLD) prison population??? Are the people that used to get by on welfare just in prison instead now? Your stats mean LESS THAN NOTHING!!! Why do you help spread this propaganda??? Do you really think you're part of the "elite" who've robbed this country? THEY DON'T NEED YOU ANYMORE and you're just about to find that out. WATCH THE DOLLAR!!!

The USA has OBVIOUSLY been positioned to collapse and be reformed under a global government or American Union.

The unconstitutional merging of the police and military, the murder of The Constitution and preparations for a dictatorship in a time of emergancy, the building of a military that's already 25% foreign, the huge, HUGE growth of police forces in the USA... For nothing you think? Read the history books!!!

http://www.demonoid.com/files/details/1407339/32487147/

Answer 2

The booms and busts in our economy are a direct result of government policies. The booms within a sector of the economy are caused when an artificially large amount of money is moved into that sector of the economy as a result of government policies. The busts are caused when investors realize that there is no logical reason for that amount of money to be invested in that sector.

I say it is very possible the economy will collapse because it is very possible that the politicians in one or more of the major economic powers will create even more interference in the economy for political reasons.

Do not forget the major cause of the Great Depression was government interference in the economy, largely due to the Smoot-Hawley tariff. If anti-free-trade politicians in the United States try to pull a similar stunt history will repeat itself.

Answer 3

We have a service economy with over 70% of Americans employed by small private companies, so I'd say that, although Wall Street is headed for a fall, probably to 11,000 on the DJIA, I think we'll survive. However, 60 years ago this country was nothing special economically, and 20 years from now we'll be chasing after much of the developed world. We'll be the best 3rd world country. History will show that the U.S. was a strong banana republic for less than a century, then fell to the wayside. The first astronaut to stand on the surface of Mars won't be an American. Symbolically, that's painful.

Answer 4

No, most of the indicators still show it to be strong. The housing market is in the process of having its bubble burst, so those numbers are down.

The biggest problem is the loose monetary policy, which drove the subprime lending market (and the housing bubble). It should be corrected with a tightening up of policy, but that necessary correction would likely cause a short recession.

Perhaps if the government stopped trying to force things, and let the economy sort itself out, we could recover. Government meddling to fix the consequences or previous meddling can only make things worse. This is a lesson that America failed to learn.

Answer 5

The deficit is shrinking despite Iraq, Katrina, and 9/11. The tax cuts have created jobs, unemployment is around 4% nationally. The housing doesn't look good mainly where there are Liberal governors and due to some people signing mortagages that were not in their best interests, ( bad personal decisions).

Tax cuts do work in providing growth in an economy.
If the Liberals get into office it will turn the clock back to the depression as we knew it during Roosevelt and Carters administrations. Then we will have a failed economy, as they believe in tax and spend.

P.S. Clinton looked good due to a technological boom, which burst just before he left office leaving the country headed for a recession. Bush halted a recession by cutting taxes.

Answer 6

Well despite all the doomsayers, the economy is not going to collapse. Our markets have gone through worse times than the recent credit crisis, and they're already showing signs of recovering from that due to Bernanke's cut in the Interest rate.

Answer 7

No. at the same time as you huddle on your survival safeguard, the libs will be organizing a Marxist revolution to take back what the rich elite have stolen. If that takes position, you should likely connect the revolution before your hoarding techniques paints you as an enemy of the persons.

Answer 8

The consensus seems to be that there will be a lengthy slowdown, perhaps a year a two, primarily because of the serious housing slowdown which has a ripple effect throughout the economy. But if Bush keeps his incompetence off of things (and no doubt the Congress will see to that) we will not have a collapse-the natural order of the world economy will make things right in due time..

Answer 9

We are making many of the same mistakes that lead to the depression by lowering interest rates and extenting credit to those who can't afford. Many people are living beyond their means via credit. Democrats are wanting to roll back the Bush tax cuts or raise taxes... something that always slows the economy. Finally, we've got oil getting more expensive and now food is going up as a result of e85.... something has to eventually give. my hope would be it would be a slow effect so we could take actions to correct as opposed to a fast collapse. I would ignore the national debt... it will correct itself. The thing to worry about is the trade defecit.

Answer 10

All indication points to a recession soon. The lack of someone, anyone in the government saying "HOLD IT, TAKE A DEEP BREATH" so that the economy could level off and become manageable is not present. Our wealthy leaders are not interested or controlled by big interests seems to be par for the course.
Spartawo...