|September 25th, 2008, 03:01 PM||#1|
Join Date: Jan 2007
What if the Crisis turns into a full blown a Financial Shutdown
In your opinion what would happen if the American economy fully shuts down?
What would you do if you found yourself with no means to buy groceries, pay bills, gas etc...?
Then consider if the grocery store ran out of funds to operate. What happens to the people in the cities?
We have a well for water, a wood stove for heat. Groceries for a few months if it came to that and a few neighbors with cows or deer in the field! And so forth.
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|September 25th, 2008, 07:43 PM||#3|
Join Date: Jan 2007
Found this site you'll be interested in Gary. Just what are they teaching over in the good ole home country Gary?
We The People Will Not Be Chipped-Resistance is NOT futile , we will NOT be assimilated
|September 26th, 2008, 11:12 AM||#5|
Join Date: Feb 2007
Location: Los Angeles
Well if the US closes down I'll just go back to Britain and take the family with me.
If I get sick in my dotage I may have to do that anyway, I can't afford to be sick on America!
Interesting quote in your link from the editor of the Beano
|October 26th, 2008, 05:09 AM||#6|
Join Date: Jan 2006
"The problem here is that something that looked to be a very solid edifice and indeed a critical pillar to market competition and free markets did break down. And that, as I said, shocked me and I don't fully understand why it happened". ó Alan Greenspan 23 October 2008
LIARS ALL! They all knew what would happen and they did it anyway.
|February 20th, 2009, 04:56 AM||#8|
Join Date: Jan 2006
CNN ó LOU DOBBS TONIGHT ó Aired February 19, 2009 - 19:00 ET
KITTY PILGRIM, CNN CORRESPONDENT: Canada is this country's biggest trading partner. But the United States has been running a huge trade deficit with Canada for years, which means we import more goods from Canada than we send to them. Now the U.S. trade deficit with Canada last year was $74 billion.
The United States also has a trade deficit of $64 billion with Mexico. Now, Mexico is the third country in the North American Free Trade Agreement and those huge U.S. trade deficits show that so-called free trade has done nothing to help working men and women and their families in this country. Now, the latest trade figures also reveal another disturbing truth.
Our fastest-growing exports make this country look more like a third-world country than the world's leading economic power. Bill Tucker reports on the utter mess in our trade policy.
BILL TUCKER, CNN CORRESPONDENT (voice-over): America's fastest-growing exports do not look like this communications and wireless equipment, computer parts, semiconductor manufacturing equipment. According to the U.S. Business and Industry Trade Council, those sectors were among America's worst export performers last year. America's best performers ó fertilizers, coal, crude oil, natural gas, soybeans, corn, wheat, a top 10 list dominated by raw materials or commodities. Typically countries which make and export commodities are generally poor, third-world countries with low standards of living, according to the Council's Alan Tonelson.
ALAN TONELSON, U.S. BUSINESS & INDUSTRY COUNCIL: This kind of economic performance is bound to turn the United States more and more into a low-income, third-world country. And we're already seeing the results in the depressed wages that Americans have been earning on average for three decades now. But because of the economic crisis, this deterioration is happening faster and faster.
TUCKER: Trade economist Tonelson and other critics of the U.S. trade policy say the United States has adopted the trade model based on consumption rather than production. It's a model based on the notion that consuming more than you produce creates wealth, they say. The problem is that flies in the face of economic reality.
High standards of living are generally found in countries which export high-valued goods and advanced manufacturers are usually high-income countries. And their citizens enjoy high standards of living. Lori Wallach of Global Trade Watch warns...
LORI WALLACH, GLOBAL TRADE WATCH: Our current trade policy is heading us for a cliff and so for President Obama to succeed in rescuing the economy, in fighting for the middle class, in rebuilding our businesses, in delivering health care and so many of those issues, he can't avoid fixing the trade problem.
TUCKER: And continuing to run massive trade deficits, the United States is transferring its wealth to countries that produce, who then sell those produced, finished goods back to the U.S.
TUCKER: Now last year's trade deficit of nearly $700 billion equaled almost five percent of our entire economy. And Kitty, the history of nations who run those kinds of trade deficits relative to the gross domestic product is not good. So it should not, perhaps, be surprising that the United States finds itself in the middle of an economic crisis because that's what history tells us usually happens.
PILGRIM: You know when you hear someone like Lori Wallach say the trade policy is going over a cliff that really resonates with hopefully our leaders in Washington.
TUCKER: And they all make the point they don't have to go over a cliff. We're just headed in that direction and we can steer away from that cliff if we choose to do so.
PILGRIM: Thanks very much. Bill Tucker.
|February 20th, 2009, 07:24 AM||#10|
Join Date: Mar 2007
|blown, crisis, financial, full, shutdown, turns|
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