What good are any of us once the crash comes?

What will happen to us?

:cry:


Assuming it's for real; why should we trust the media?

Why this assault on Americans' self-esteem?

ah... what r u talking about?

Offshoring alone speaks volumes on Americans' well being.

You've been here long enough. Read peoples' posts. The puzzle pieces are being written about. But what's the picture the puzzle is presenting?

I remember where I worked we all became Perot fans (this was in 1990 or so). The national debt was higher than ever, there was no way to sustain it. Credit was easy. Default was a strong possiblilty.

And yet when Clinton left office things had gone in the opposite direction.

When Bush took office, 2 trillion dollars evaporated from the U.S. stockmarket. Bush borrowed it back. This will have to be balanced. We may have to do the same thing that happened during the Clinton years. Actually grow the economy. No in real terms, not in the fake metric the GOP has adopted.

There's no need nor any overall advantage to be gained from a crash. Of course if the Republicans keep Congress and the White House, all bets are off.

I guess. No Democratic leader can undo this. We need major change and DINO's in the Democratic party will merely lick around the edges.

I'm not depressed, just getting ready for it as best I can.

yesterday.. it would just be like under Clinton.. where the stock market did its part to fight inflation with occasional downturns.

If you are talking about the oil crash.. well lots of the pretty useless stuff people buy has been outsourced to other places. So when oil causes people to become poorer and not spend money on crap..those jobs will be lost to people in China. The jobs not based on frivoulous civil goods are still in the USA.

If you are talking about the crash that is the end of American exceptionalism.. well - people in other western countries have lived and survived and made great countries based on not being the biggest or the best. They just stay focussed on education & the middle class and they do fine. The amount of fire-power it would take to keep 5% of the world's population on top of the other 95% is unimaginable. Better to focus on alternative energy and try to have comparartive advantage in technology (as the US had in the 20th Century) in this next world economy. The rest of the west has stayed the most educated and learn to make compromises.


If you are talking about inflation.. well that will be due to the middle class once again participating in a employees market (like the 1970s). We have tools to slow inflation. Like cooling down the market every 5 years for a few months..


If you are talking about the political crash where the dems win the House.. that's no crash. That is oversight. If there are problems the nation faces.. you can trust that the Democrats will actually try and solve health care, education, debt, peace, nukes, energy dependancy, etc.

I have friends who have a greenhouse full of open pollenated plants, which they are glad to trade for the mechanical skills of my husband. I, in turn, use my healing skills with those with emotional trauma, in exchange for artwork and ideas; those in turn help others, and so it goes.

Remember, dear, creative Hypno Toad, that heaven and hell are here right now. In hell, each one looks out only for themselves; in heaven, we look out for each other. Take care, friend, and know I'm thinking of you.

Even if HALF the entire US economy was wiped out, you would still be as rich as, say, Portugal. And people don't starve in Portugal. It would be the Chinese and other newly industrialising nations who would be hit the hardest - they would go back to being truly third world.

:hi: and Welcome to the Democratic Underground!

You have some great ideas and insights!

Knowledge is power!

:kick:

have listed some truly remarkable things that have found their way to the back of the shelf thanks to centralization of power and other things. Electronics is a biggy... I dream of the day when water can be reduced to Hydrogen and Oxygen for a fraction of the power it takes now... and then, we will be on our way to freedom from their greedom.

Thanks, it is great to be on DU.

The Meyer Cell can generate hydrogen from water without the need for storage tanks. Check out Dave's successful replication,

"GAS = 137cc
CURRENT TRUE RMS = 0.1875 Amps
TIME=21 Min
VOLTS ACROSS CELL TRUE RMS=1.5Volts+2.4 Volts Cell Potential
=3.9 Volts
POWER WATTS =0.73"

http://www.icubenetwork.com/forum/viewtopic.php?t=98
Video:
http://www.icubenetwork.com/files/watercar/non-commercial/dave/videos/reactor.WMV

He published more technical details at:

http://groups.yahoo.com/group/JoesCell2/files/

(file is titled "MeyerRep.pdf")

In the upper-middle suburbs.

They keep a beautiful big garden together.

When all wages are below a living wage, when you
are constantly kicked off the ladder of self sufficiency,
and in repeated fallings, painfully reminded of the next time
the boot swings, forever seeking to kick its poor in the face.

One solution is to become enlightened and to root your spirit
in that which is unchanging, and no matter what wind blows,
luck and the tide will be your friend.

You have a canary's nose for a coming storm, the gift helps you avoid
the strife before it arrives at your doorstep... what a gift.

Remember this?
http://www.thehindubusinessline.com/2003/12/08/stories/2003120800460900.htm
In a recent article in Fortune dated November 17, 2003, Mr Buffett illustrates his analysis of the US case with a fable. He pictures US as being in the position of an imaginary island Squanderville, which buys 4 per cent more goods from the neighbouring island Thriftsville than it produces.

Thriftsville — which stands for the rest of the world — supplies these goods in return for Squanderbonds, which are naturally denominated in Squanderbucks.

Over time, Thriftsville accumulates an enormous amount of these bonds, which at their core, represent claims on the future output of Squanderville. There is trouble ahead. Pundits warn Squanderville (US, in other words) that it is difficult to do the debt servicing of such large amounts of liabilities.

Thriftsville residents start to wonder: "How good are the IOUs of a shiftless island? So, they change strategy. Though they continue to hold some bonds, they sell most of them to Squanderville residents for Squanderbucks and use the bucks to buy Squanderville land. And, eventually, the Thriftsville own all of Squanderville.

In effect, Squanderville has been colonized by purchase rather than by conquest. A sad fate in store for Squanderville, but also for Thriftsville!

It's a question I've been working on for some time.

There is the issue of the U.S. economy of course...and
then there's climate change...peak oil...population
pressures overwhelming water and other resources.

All things considered, I expect a crash not just of
the U.S. but of the world. Perhaps in as little as
3 years; perhaps in as many as 25. Of course, no
one knows for sure - but I think, if you observe
the elites, the new laws, the way things are going, that
most are playing as if we're into the endgame.

Since I'm not wealthy, and I don't suppose you are
either, we'll cope as best we can. We'll probably
be less comfortable, and we'll be hungry from time
to time. Around the world, starvation will increase.
The present debate over immigration will become more
rancorous, and ultimately violent. Resource wars will
proliferate.

In the end, you and I won't live as long as we expect
to. The next generation will have it worse, and the one
thereafter much worse. Expect a decline in global
population to about a billion.

All just my opinion, and no doubt filled with errors.

I expect at least a 20% drop in the stock market from here, and that doesn't include debt or forclosures because the adjustables will start to hurt more and more people. most people will be caught off guard, but nothing will change unless people are directly affected and they will be. That is when change will occur