Lifestyle > Train of Thought
FUTURE OF US ECONOMY
The Phoenix:
--- Quote from: ikke on July 25, 2009, 05:36:50 AM ---
--- Quote from: pc8381 on July 24, 2009, 09:56:42 PM ---
--- Quote from: ikke on July 24, 2009, 02:43:35 PM ---
--- Quote from: LIGHTS on July 24, 2009, 02:39:10 PM ---we re currently economically enslaved...
--- End quote ---
that doesn't even make sense
--- End quote ---
debts
--- End quote ---
every country exept china is in debts
--- End quote ---
Doesn't China basically own the US now? You know, with all the money we borrowed from them recently.
GimmeYourShoes:
I think Obama should legalize crack and start selling it in Wall Marts near sweets. That way US economy would be saved.
Blasphemy:
--- Quote from: The Phoenix on July 27, 2009, 07:20:41 AM ---
--- Quote from: ikke on July 25, 2009, 05:36:50 AM ---
--- Quote from: pc8381 on July 24, 2009, 09:56:42 PM ---
--- Quote from: ikke on July 24, 2009, 02:43:35 PM ---
--- Quote from: LIGHTS on July 24, 2009, 02:39:10 PM ---we re currently economically enslaved...
--- End quote ---
that doesn't even make sense
--- End quote ---
debts
--- End quote ---
every country exept china is in debts
--- End quote ---
Doesn't China basically own the US now? You know, with all the money we borrowed from them recently.
--- End quote ---
US has always been in debt to another country, since our formation we had to barrow money from another country in order to establish credit, a economic system, government standings etc. America is a world super power who's economic influence is very huge. Though China may not be in debt do to its established unions, and the fact it replaced the US in manufacturing goods.US economy (Despite the dollar weaker then the Euro) still has a huge impact on the world. California's own Economy is that compared to a small country.
America makes money through various means (government wise) by either borrowing, selling weapons to allies (which sometimes burn the bridge and turn on us), selling weapons to both sides in a war, eventually garnering allies with the winning side, various secrets on multiple fronts of government related projects. As for the commercial aspect, US trade is pretty open, but normally the bigger corporations/enties get the final say in dealings.
Overall the American Economy will eventually balance back, if we survived Black Tuesday and the depression in such a early point of our history, then a fully develop world super power shouldn't have any real problems. The recession is already starting to balance back in multiple fronts (We won't feel the affects for awhile though). In the end we normally have to have points of down time in order to keep things balance. This recent fuck up was really something, with the banks, the entire housing fuck up, etc. etc. Honestly I thought we have some reformation, but again since the effects weren't felt that much by the rich, it won't change. With the government bailing out the companies the national debt will be huge.
Only way we can successfully get out of debt, is sadly heavy taxation. If the government were to legalize Marijuana, it would help relieve a lot of the debt. Interesting enough when ever taxation happens, its usually the poor, while rich people who reach a certain bracket point get cuts.Over all the situation is fucked beyond anything. It would take a very intricate plan to fix everything. It would have to result in newer taxes, cut of programs, and developing new ideas into production. Some of these would be temporary, others might have to be longer and some could even just become a staple of society.
The Phoenix:
--- Quote from: just nevermind on July 27, 2009, 07:52:14 AM ---I think Obama should legalize crack and start selling it in Wall Marts near sweets. That way US economy would be saved.
--- End quote ---
Sad, but true.
LAXCENTRAL:
--- Quote from: just nevermind on July 27, 2009, 07:52:14 AM ---I think Obama should legalize crack and start selling it in Wall Marts near sweets. That way US economy would be saved.
--- End quote ---
either that or LSD in sugar cubes 8)
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