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The US has about a 5-7 year window to get the economy right. Or fall way behind.


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#1 pstall

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Posted 19 October 2012 - 10:20 PM

While the kids are laughing about binders and glaze their brains into oblivion the adults are looking at more and more of the economy. And no I'm not going to post charts that I saw on tv or heard about on the radio then come here and try to pretend to have a clue about what it is I posted.

The IMF has already said that China WILL be the biggest economy in 2017 if the US stays on it's path. Now quick, guess when the last time the US was NOT the biggest? A small hint. It was before black and white tv. And radio. And streetlights.
To clarify I'm talking purchasing power parity(go look it up) instead of full fledge economy, be it national or world.

So we got Greece and Spain rioting. They are proving socialism models are not so good. Sure you get killer time off but once that horse has left the barn good luck on bringing it back. Yes they have had other issues but needless to say they are in bad shape.

Contrast that to the US. The candidates are saying either raise taxes or lower. Sure you can manipulate facts and figures to some degree to fit your argument(a pstall favorite phrase anyone?) and away you go.

No matter where you fall on that debate it comes down to this. The US simply needs more people working. I don't care if it's low wage or high skilled. More workerss=more payroll and income tax=more spenders=more revenue at all levels of Govt.
But more than just the tax/revenue benefit of more workers there is the social distortion aspect. When you got time on your hands and little money in your pocket and your fridge has become a cave your level of patience diminishes. See rioting in the street.

Now factor in a few nations who see all of whats going on here and for the first time they have a shot at being top dog. Russia and China have been hoarding gold. Lot's of it. The reason is they know where the dollar is going to be and they are all in on this going down. Also go look that up as well as Soros and his gold holding up tick and a few other major hedge funds.

I say all this in the hopes of the epic scope and gravity of how crucial it is for the US to produce and get it's bicentenial wind when it comes to humming along.

Think you are mad and frustrated that the Panther's have only had so many winning seasons? Now multiply that out with the US falling behind.


Are we doomed? No. Are we in serious trouble? Oh totally. These next 5 years or so to me, is the make or break time for what our kids and thiers are going to end up with.

Hopefully you will be able to afford a binder to put some pictures you have saved to remind you what it once was like in America.

This is not anything more than a macro view of what I see developing and things playing out. There is always a Black Swan looming of course. I don't mind being wrong on stuff like this.

#2 Panthro

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Posted 19 October 2012 - 11:28 PM

Yeah I trust the same adults who got us into this mess to fix it...

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#3 GOOGLE RON PAUL

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Posted 20 October 2012 - 01:31 AM

i thought protests in greece and spain were over austerity (which doesn't work by the way lol) but what do i know i'm too occupied with binders while you adults attempt to attribute everything bad ever in the history of the world to leftist policy

#4 NanuqoftheNorth

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Posted 20 October 2012 - 01:51 AM

Back in the day, Henry Ford needed to have a well paid American middle class to afford his product. Without them he couldn't achieve the wealth he desired. He made sure his employees were well paid not because he was a good American but because he directly or indirectly benefitted from it.

The reason many Americans are now finding it harder to secure decent paying jobs is because of a fundamental change in the American economic system since Henry Ford's time, mostly in the last 30 years.

Today the American financial sector is largely calling the shots when it comes to our country's economic policies. Those policies encourage off shoring of jobs and investments. A robust American middle class is not nearly as important as it once was to Henry Ford (regardless of any rhetoric PACs might be dispensing to the contrary thanks to Citizens United).


Americans will see continued growth in low paying service sector jobs as we have for the last 30 years, but it is highly unlikely that there will be a return of enough high paying manufacturing jobs to our shores to stave off China becoming the world's # 1 economy. That is because those Plutocrats that control our politics and policies benefit most financially when labor costs are significantly mitigated by off shoring jobs and production whenever possible.

The power structure of the United States is now tilted so much in favor of the Plutocrats that neither party is contemplating any serious economic reforms of our financial system to encourage real middle class job growth. In fact the GOP is pushing for more of the same deregulation and taxation policies that got us into this current mess in the first place.

No worries though, America's moneyed interests will do quite well, maybe even better, once China becomes the largest economy. American plutocrats are well positioned to flourish just like their European counterparts have since the sunset of Europe's economic dominance a century ago.

Don't believe me? 93% of all economic gains since 2008 have gone to the top 1% of Americans. Clearly demonstrating what happens to the general US population economically no longer has the same financial impact on the wealthiest Americans that it once did. Of course, it never hurts to socialize losses and privatize profits via the American taxpayer, the largest welfare program in American history.

Bottom line is this: Americanism/Nationalism is an increasingly antiquated concept, not nearly as important as Globalism, especially if you are part of the ruling Plutocracy.

#5 PhillyB

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Posted 20 October 2012 - 02:17 AM

someone tell me why we have to be the biggest and the richest i've never understood that

#6 NanuqoftheNorth

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Posted 20 October 2012 - 02:26 AM

someone tell me why we have to be the biggest and the richest i've never understood that


The fear of having to submit to another country's world view is something those that believe in America's supremacy, morally and militarily, cannot abide.

#7 pstall

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Posted 20 October 2012 - 08:35 AM

nano you kinda suppor my point. the leverage is out of wack. if more people don't start working that 1% gets more.

#8 pstall

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Posted 20 October 2012 - 08:36 AM

Yeah I trust the same adults who got us into this mess to fix it...

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Correct. So you agree BOTH parties are to blame then? That's a step in the right direction.

#9 pstall

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Posted 20 October 2012 - 08:38 AM

i thought protests in greece and spain were over austerity (which doesn't work by the way lol) but what do i know i'm too occupied with binders while you adults attempt to attribute everything bad ever in the history of the world to leftist policy



Guilty dog barks the loudest. Said nothing about leftist policies for the US. For Greece and Spain sure. Austerity measures is cutting off the leg due to the high taxation gangrene.

I have a binder full of country dubstep if you want.

#10 pstall

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Posted 20 October 2012 - 08:40 AM

someone tell me why we have to be the biggest and the richest i've never understood that



George C Scott said it in Patton. America loves a winner. We want to win at eveything. In some ways nothing wrong with that. There are slippery slopes tho when it comes to wanting to dominate everywhere.

I'm just pointing out the path. Maybe we will get to eat some humble pie for a few decades and take our cues from someone else.

Let's see how we do with that.

#11 Wanderlai

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Posted 20 October 2012 - 08:55 AM

As an American I don't want China being the bull of the woods. If the US falls as the top dog I can see China invading Japan and Taiwan in the near future.

#12 FurdTurgason

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Posted 20 October 2012 - 09:04 AM

As an American I don't want China being the bull of the woods. If the US falls as the top dog I can see China invading Japan and Taiwan in the near future.


Taiwan, for sure.

#13 NanuqoftheNorth

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Posted 20 October 2012 - 11:25 AM

nano you kinda suppor my point. the leverage is out of wack. if more people don't start working that 1% gets more.


I really don't see how this process ends well for the vast majority of Americans.

The problem is our current financial system encourages / rewards behavior focused on the quick buck and to hell with the long term social and economic consequences.

We are experiencing an economic version of slash-and-burn and just like the agricultural version it is unsustainable.

#14 pstall

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Posted 20 October 2012 - 12:10 PM

and yet again there is lots of irony and double standards financially. at one point the Cal Teachers Pension owned the most oil stocks and now they own a ton of Chinese construction companies.

speaking of Cali, this seems kind of odd. in Sept they didn't file or forgot to file their jobless claims. so that caused the jobless claim #'s to bounce. also happens around the same time the following week of the Oct payroll employee survey. maybe Jack Welch spoke to soon but for a state the size of Ca NOT to file is umm, odd.

#15 NanuqoftheNorth

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Posted 20 October 2012 - 01:49 PM

As an American I don't want China being the bull of the woods. If the US falls as the top dog I can see China invading Japan and Taiwan in the near future.


Most Americans cannot seem to grasp how much money the US spends on our Military in relation to the rest of the world. The US and her allies will not be trifled with militarily even if we slip a rung or two on the economic scale.

China will not be considering much less attempting to invade Japan within the lifetime of anyone reading this post.

China is the master of long term (multi-generational) planning. As time proceeds, China's regional economic power will dramatically increase, Taiwan will be economically and politically engulfed within the Chinese economic sphere without a shot being fired.


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