The Economy: Where are We Going? - Page 2

It is now a global economy. So many variables are not under our control.
China or Europe could trigger a massive world rescission.

I'm not terribly concerned about an economic collapse. It's like nuclear war .... nobody is going to start tossing bombs around because the consequences are too terrible to contemplate. The big boys know that if that happens it's game over for their political career and their POWER.

Same / same for the big dawgs if the global economy is allowed to collapse. They will likely do everything in their power to avoid something like that.

That said: We officially went into economic recession over the winter of 2007-2008. As nearly as i can tell, conditions on the ground haven't changed much since then. Across the board ... the standard of living continues to drop.

We may be well into the deflationary phase of the recession now but they won't announce that till all of the government figures have come in.

Sir... I do not get depressed over the direction I think the world is headed. I am alive and I am seeing very interesting crap. Whether this experience is one and done or I get to understand eternity, I am having a great time.

I personally think we are going to see very dire times. I think that we will experience worse than 1930's depression. I may be wrong, but it would seem to me that mathematics is on my side. I personally think those who frequent this board are renaissance men (women) and think outside the box. I also think those here have skills and knowledge that those at a desk on a phone don't have and will probably will wish they did. I see many blisters in their future. I also see the people here as having a one on one connection to people instead of cell phones and video games. I think that will help in situations where social skills and negotiation familiarity will be of importance.

Someone once said they would rather be governed by the first 200 names in the phone book than the politicians we are being "lead" by now (for you younger people, a phone book was a book distributed by the phone company and listed the numbers they had. The names were listed in alphabetical order). I for one would rather have a garage mechanic orchestrating the monetary policy rather than the bunch of crooks at the Fed.

I guess we will see where this world will take us. Good luck.

Originally Posted by t00nces2

Sir... I do not get depressed over the direction I think the world is headed. I am alive and I am seeing very interesting crap. Whether this experience is one and done or I get to understand eternity, I am having a great time. I personally think we are going to see very dire times. I think that we will experience worse than 1930's depression. I may be wrong, but it would seem to me that mathematics is on my side.

I don't know where the economy is heading but I do know where it's been. Both of my folks grew up during the Great Depression Mom on a farm where they could feed themselves Dad was in town and went hungry. Out here it lasted until 1939 when they started ramping up for War 2. I've been reading books on the Great Depression and here is how bad it was in 1933

" It was the fourth year of the Great Depression. One in four working Americans - ten million people- had no job and no prospects of finding one, and only a quarter of them were receiving any kind of relief. Industrial production had fallen by half in those four years. At least one million and perhaps as many as two million, were homeless, living on the streets or in Shantytowns like Seattle's Hooverville (photo) In many American towns, it was impossible to find a bank whose doors weren't permanently shuttered; behind those doors the savings of countless American families had disappeared forever. Nobody could say when, or if, the hard times would ever end. " The Boys in the Boat pg 9

So many people trying to live far beyond their means with the over use of credit has caused many of the problems with the worldwide economy.

I have been using eBay and PayPal for 12 years now and as I have a perfect payment record I keep getting better credit offers all the time for buy now and pay later.

Buy now and pay later can cost far more then just money in the long run.

What keeps the world spinning is the "little people" that do the work for those that provide the credit and possible dreams.

Much like the company store in the past where by the time you got your pay you owed more then you made.

I realize that the talk of credit and debt are not a popular topic as the use of credit has become a part of normal everyday life for most.

I have always viewed credit cards as the cheese in the trap. The trap isn't meant to kill, just keep you on a chain or within a fence.

These daze it's hard enough making a comfortable living even without the chain or fence of the credit trap.

The smaller folks working together in forums such as this keeps things moving along as best can be.

First to Olddude - It's all good. If everyone agreed with me, life sure would be boring. I'm in no way trying to excuse our current President, or get into a debate on him. I just thought it was amusing in a sad kind of way, that being President literally puts you in that proverbial "****ed if you do, ****ed if you dont" place. An in the end..nobody likes anything you did till your dead! What a crummy job. Heh.

Far as everything else....

I agree it's a different country. My view on that is simple. What do you(General yous) expect when for the last 20 or so years, politicians having been deploying a divide an conquer plan. They divide us on things knowing the chaos it will cause an the only ones who benefit are Politicians, an Big Business.

They have us divided on everything from race, an religion to personal choices. We can't even agree to disagree with folks anymore without it becoming a name calling fest, or saying one is less American then the other. Craziness. (SMF is of course excluded, as most you folks are pretty good when it comes to such topics.)

So yes..I choose to view the world in a positive light. If I didn't..I'd go crazy. Great if others wouldn't, I guess they're just better then me.

You can read this post how you like. I'm by no means Naive or foolish. I'm well prepared for the world to go to hell. An when it does, I'll still be me, an looking on the bright side. After all, it could be worse. I could be dead. Ha!

All you's are general, an no way directed at anyone specific. On my blurb up top was to anyone specifically. An Olddude is awesome, even if he doesn't always agree with me.

Sirscrapalot - United we Stand, Divided we Fall. -

Bonus throwback image!

Agreed Olddude.

Sirscrapalot - I do/may not agree with what you have to say, but I'll defend to the death your right to say it. - Voltaire