Whats happening to US Economy? - Not Good!

[Mumbai Man]

no you meant 500 years...or was it 5000 years...effin typos..you forgot the zeros

Do you remember Great economic depression?? it was worse than this !! if US can overcome that then Iam sure it will overcome this phase as well...dont forget it is still largest economy and military power !! it will be good for the world and its peace, if US remains superpower.. US is more tolerant than some so called rising powers !!

Its this country who is so much dedicated to WOT which will eventually benefit whole world...

 

[lem34]

Do you remember Great economic depression?? it was worse than this !! if US can overcome that then Iam sure it will overcome this phase as well...dont forget it is still largest economy and military power !! it will be good for the world and its peace, if US remains superpower.. US is more tolerant than some so called rising powers !!

This is simply not true. Your statement shows you should stick to your day job. The great economic depression was just that a depression. What has happend now is a systemic failure. the whole capitalist system is under question and this is accepted by eminent western economists.

 

[gambit]

I think we need to chillout about the US economy collapsing threads... Its not something that going to happen overnight...

In a free market system, the economy will self correct and this is evident with the cyclical up-down we adults have come to experience. That is why I do not see our current crisis as an economic one but rather of governmental interference and badly done at that. People must decide what they want: Either economic freedom or economic servitude to the government. The more the government has its hands into any business, personal or public, the greater the control it want. And we have seen enough disasters governments can do throughout the world. Governments are good at financing and leading individual projects with specific goals that are achievable within certain parameters. The space program is an excellent example. But in order to control the economy, governments would have to control the people's lives because their behaviors dictate the economy. Should some banks and car companies be let go, as in either collapse or into bankruptcy restructuring? Yes, we should have taught ourselves a lesson with that.

 

[lem34]

that was an idiom.....am i talking to an idiot?

Safriz you were talking to an idiot

 

[Executioner]

People speak too much without seeing the fact and history, Noting is going to happen to US economy. They know how to deal these hard phase and it's not button to just press and it's gone. It will take time to recover. However people are not dying there at-least.

 

[lem34]

In a free market system, the economy will self correct and this is evident with the cyclical up-down we adults have come to experience. That is why I do not see our current crisis as an economic one but rather of governmental interference and badly done at that. People must decide what they want: Either economic freedom or economic servitude to the government. The more the government has its hands into any business, personal or public, the greater the control it want. And we have seen enough disasters governments can do throughout the world. Governments are good at financing and leading individual projects with specific goals that are achievable within certain parameters. The space program is an excellent example. But in order to control the economy, governments would have to control the people's lives because their behaviors dictate the economy. Should some banks and car companies be let go, as in either collapse or into bankruptcy restructuring? Yes, we should have taught ourselves a lesson with that.

I think that if we accept that capitalism is the right system then we should let banks and large companies go bust. It would be good for the economy in the long term or thats the theory

 

[lem34]

People speak too much without seeing the fact and history, Noting is going to happen to US economy. They know how to deal these hard phase and it's not button to just press and it's gone. It will take time to recover. However people are not dying there at-least.

You say that but the unemployment went up unexpectadly to 9.2% and 1 in 6 americans are on food stamps. this may be not that bad for other parts of the world but for americans to accept this as the norm is or was unthinkable just a short time ago.

 

[Juice]

This is simply not true. Your statement shows you should stick to your day job. The great economic depression was just that a depression. What has happend now is a systemic failure. the whole capitalist system is under question and this is accepted by eminent western economists.

Did you have history class in your village? Or did the madrassas skip that. The great depression was a total system collapse, FAR worse than now. google it, not that hard. Effected the whole world.

 

[lem34]

Did you have history class in your village? Or did the madrassas skip that. The great depression was a total system collapse, FAR worse than now. google it, not that hard. Effected the whole world.

Yea thats right mate what does a little pakistani like me from a madrassa in a small village know. yea as usual you americans are so much on the ball. You retard I have worked in the city of london for several years as a stockbroker (also had freinds in the trade centre). your press turned to me for comments on the economy so they could feed people like you with titbits at newstime. I didnt want to point out that you were talking layman crap but thats all you have been doing. I doubt its even worth trying to educate you.

 

[Mumbai Man]

Any way an Interesting piece (maybe off topic)

News of the Future : according to this site, US will remain biggest economy till 2040 !! so people's dream of seeing US collapse is a big fail, it is almost certain that till next century US will continue to dominate world ecomically , though China will become more dominant by mid of this century !!


News of Future: China has Passed the US as the World's Largest Economy

February 21, 2040 - Analysts report that China passed the US as the largest economy in the world last year. With a nominal GDP* of US$29,300 billion for year 2039, China is ahead of US with more than US$500 billion. China has tenfold their GDP over the last 35 years.
The US was the world’s largest economy for about a century, since the British Empire suffered severely in the Second World War. China can now look for a reign on the throne for about 30-40 years before the currently fastest growing major economy, India, is likely to surpass them. India became the world’s third largest economy in year 2034 with the help of their growing population and will challenge the size of the US economy in a decade.

Even though China has passed the US in total, the US is still by far the nation with the biggest GDP per capita with US$73,830, followed by Japan, United Kingdom and France, among the largest economies in the world. China, as the second most populous country in the world, has a GDP per capita of US$20,610, more than twice as much as India on US$8,180.

 

[Juice]

Yea thats right mate what does a little pakistani like me from a madrassa in a small village know. yea as usual you americans are so much on the ball. You retard I have worked in the city of london for several years as a stockbroker (also had freinds in the trade centre). your press turned to me for comments on the economy so they could feed people like you with titbits at newstime. I didnt want to point out that you were talking layman crap but thats all you have been doing. I doubt its even worth trying to educate you.

Your economics class was sub-par or you are a liar. Shall I post some figures (such as comparative unemployment between now and the great depression, or will you admit you were wrong?)
(Ps...don't know what uni you attended but economics are required for most degrees here)

 

[Safriz]

Your economics class was sub-par or you are a liar. Shall I post some figures (such as comparative unemployment between now and the great depression, or will you admit you were wrong?)
(Ps...don't know what uni you attended but economics are required for most degrees here)

yes please.....post something usrful...such as some facts and figures...that will be a good change...
until now you only been posting insults and immature childish comments. go on lets see what you got

 

[Juice]

yes please.....post something usrful...such as some facts and figures...that will be a good change...
until now you only been posting insults and immature childish comments. go on lets see what you got

The Great Depression had devastating effects in virtually every country, rich and poor. Personal income, tax revenue, profits and prices dropped, while international trade plunged by more than 50%. Unemployment in the U.S. rose to 25%

Current unemployment..9.2% (a hint...25% is greater than 9.2%, in any country. World trade has yet to drop 50% in this recession)

Other economic downturns have been called a "great depression", but none had been as widespread, or lasted for so long. Various nations have experienced brief or extended periods of economic downturns, which were referred to as "depressions", but none have had such a widespread global impact

Some journalists and economists have taken to calling the late-2000s recession the "Great Recession" in allusion to the Great Depression
(a recession is not a "depression")

 

[PERSIAN GOD KING]

why is the usa economy so big? sorry but i dont know i want someone to tell me.
also the us needs to cut its defense budget and bring their nasa program back its not right for them to rely on the russians.

 

[lem34]

Any way an Interesting piece (maybe off topic)

News of the Future : according to this site, US will remain biggest economy till 2040 !! so people's dream of seeing US collapse is a big fail, it is almost certain that till next century US will continue to dominate world ecomically , though China will become more dominant by mid of this century !!


News of Future: China has Passed the US as the World's Largest Economy

February 21, 2040 - Analysts report that China passed the US as the largest economy in the world last year. With a nominal GDP* of US$29,300 billion for year 2039, China is ahead of US with more than US$500 billion. China has tenfold their GDP over the last 35 years.
The US was the world’s largest economy for about a century, since the British Empire suffered severely in the Second World War. China can now look for a reign on the throne for about 30-40 years before the currently fastest growing major economy, India, is likely to surpass them. India became the world’s third largest economy in year 2034 with the help of their growing population and will challenge the size of the US economy in a decade.

Even though China has passed the US in total, the US is still by far the nation with the biggest GDP per capita with US$73,830, followed by Japan, United Kingdom and France, among the largest economies in the world. China, as the second most populous country in the world, has a GDP per capita of US$20,610, more than twice as much as India on US$8,180.

You must have been googling like mad to produce that piece of fiction. lol Tell me is the reason u is not happy because you were hoping that america would defend you from that country called pakistan thats smaller than you but has a bigger heart? And now looks like u have been axx licking americans and they might turn around to you and say lend us a tenner mate lol