<zzbunker@[EMAIL PROTECTED]
> wrote in message
> The Recession won't be as bad as predicted.
I'm afraid that you're not using your brain on this one, Bunker. The
American economy is officially tanked. In order for there to be a true
'global economy' the US standard of living and the consumer oriented
"give me more 'things'" society must completely collapse. The ultra rich
will never see it, but the middle and lower class will be in a struggle
that US citizens have never experienced before.
There's a reason the US Dollar is now only worth some .58 cents to
the Euro, when in 2000 it was worth $1.28. There's a reason that
all consumable energy prices (natural gas, electricity, gasoline) in
the USA have more than doubled since 2000. There's a reason that
the US Dollar is being dumped all around the globe in favor of more
lucrative currencies (which means further devaluation is forthcoming).
There's a reason that the US is sitting at 8 Trillion dollars in debt.
And
there is a reason that just under 40% of the US Domestic fiscal budget
has been borrowed from Communist China for the past several years.
> Since it largely Realtors and infomercials....
Real Estate is a minor part of the collapse, even though it was the first
of the ugliness to come that reared it's head. Had the Fed not stepped in
a "created" a few trillion phony, un-backed dollars to dump on the entire
globe (with the US getting most of it), the repercussions of the real
estate
collapse would have destroyed international stock markets... where the
results of poor 'investing' based on failing assets invades all facets of
the
global marketplace. This "fix" is nothing more than a bad band-aid that
will soon fall of and the sore will begin to fester.
> The recession actually started around 2000, since that's about when
> they started all the massive outsourcing of US jobs for crap jobs.
Again, you're being terribly short-sighted and missing the *real* picture.
US job outsourcing began in the late 80s. It's nothing new. What has
been the really *big* change, is that the US has allowed it's corporations
to move overseas without domestic financial accountability or taxation.
What this means is that "jobs" are no longer be "outsourced" as they
were in the 80s... but those companies are actually no longer US corps
at all.... they are now full-blown foreign companies who export to the
USA,
operate under foreign laws, and pay foreign taxes. They are no longer a
valid part of the US economy, so "outsourcing" is not the issue at all.
America is in for some deep, deep doo-doo.... I give it 8 years before
total collapse creates so much domestic unrest and inequality, that it
turns the nation into a serious dictatorship. The police state that we
see today will be nothing in comparison to what it will take to control
the population.
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