The U.S. is moving closer and closed to financial self-destruction. If the U.S. changes radically enough (and the change would have to be very radical including destruction of the electoral system), then it will be a result of rising from the ashes. I don't mean that as a doomsday prediction -- just a reality of modern nation-states. Wealth will shift to Asia and it's not clear what people here will do about it.
Financial self-destructionpolyanarchFebruary 7 2008, 18:15:28 UTC
The seeds for that have already been sown. The country has already pushed the self-destruct button, it's just taking time for the Rube Goldburgesque economic mousetrap to work its way around the globe before the cage drops on the cheese. But the machine is already in motion and not much that can be done now is going to work against the machinations of the global economy.
The only question is how long it will take for americans to wake up and realize their mailboxes are full of red envelopes marked "final notice."
Re: Financial self-destructioninfopracticalFebruary 7 2008, 18:34:21 UTC
More importantly, what will people do? That's my concern as I try to be responsible, save, and prepare for the future. I don't come from wealth, but I'm not poor either and my wealth is likely to increase to the "moderately wealth" range over the next few years.
Here's the way it might break down in just a few years: 5% of Americans have a million in wealth (moderate to significant wealth) 10% of Americans have six figures in wealth (a bit to moderate wealth) 15% are treading above the line 70% are living off others like a drug
What happens when the drug stops pumping? That's the question I ask when I consider who is going to be our next president. (Yes, I know the numbers above are purely made, but I'm guessing they aren't far from telling the story.)
Drugs and fire-retardantpolyanarchFebruary 7 2008, 18:39:15 UTC
There is a fire burning deep down within all men. In this country a sort of fire-retardant has been pumping into them making them fat and happy, or at least well-behaved. Elsewhere in the world, things have not been so well behaved. That 70% that we are speaking of in the USA has been drugged by a steady stream of support coming from the top 30% but soon things are going to change where the fire-retardant will not be able to flow like it used to.
When the government runs out of sugar, it will move to vinegar. If people don't behave when bribed then they will turn out the fire-hoses. It's not going to be able to hold back the fire...
Re: Financial self-destructionjonathankaplanFebruary 14 2008, 17:03:54 UTC
What will people do? is a great question. It has been a long time since Americans have faced adversity like what is coming. I agree with 'bout everything you have said so far.
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The only question is how long it will take for americans to wake up and realize their mailboxes are full of red envelopes marked "final notice."
Reply
Here's the way it might break down in just a few years:
5% of Americans have a million in wealth (moderate to significant wealth)
10% of Americans have six figures in wealth (a bit to moderate wealth)
15% are treading above the line
70% are living off others like a drug
What happens when the drug stops pumping? That's the question I ask when I consider who is going to be our next president. (Yes, I know the numbers above are purely made, but I'm guessing they aren't far from telling the story.)
Reply
When the government runs out of sugar, it will move to vinegar. If people don't behave when bribed then they will turn out the fire-hoses. It's not going to be able to hold back the fire...
Reply
I agree with 'bout everything you have said so far.
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