As the United States Crumbles...

[outlaw2001it]

Other countries are investing in stock, and other commodities in the United States. Before long a major of our companies will be owned by European, Asian, and Middle Eastern countries (including Microsoft), and there is nothing we can do about it. Jobs will be outsourced to other countries (like it or not), 3 out of 5 Americans will be unemployed, and the Dollar will continue to be worthless. There is nothing that these President Elects can say/do that will change what has happened to America. Face it...we're f***ed in a bad way...and nobody knows it yet because the Federal Government says that the U.S. will rebound. No it won't...that's all a lie. As our economy drains itself due to the war, and this housing/credit crunch other foreign countries are cashing in. They are buying our stocks, and houses because they know sooner or later (more later than sooner) these things will be of value to somebody. They will have the upper hand, because they will control our businesses (and everything else), while the average U.S. citizen is bankrupted, and or living in poverty.

[sharder8]

My, aren't we a negative, doom and gloom person today!

Or maybe you're just Chicken Little . . .

Harder

[chipbgt]

He's like this every day.

[outlaw2001it]

No I'm not.
Hearing people talking today from other countries, and the U.S. on the economy....they are all saying the same thing...the U.S. is worse off than what the government is telling us. The Fed has no clue on what to do with the economy. They have cut rates so much that they put the Dollar into a tailspin that won't recover. While our housing market, and stocks are in turmoil investors from other countries are cashing in. They are buying our stocks, and foreclosed houses...why it's cheap because of the currency difference. Sooner or later our economy will recover, but by that time comes around the Dollar will still be valued as near worthless compared to the Euro, British Pound, Yen/Yuan, and other major currencies.
80,000 jobless claims filed last month, and they are predicting another 50-80,000 (easily) this month. We are in a recession, but the government does not want to admit it. People are our of work, factories aren't selling goods, the price of oil, and basic food is outrageous...should I go on.

[sharder8]

Originally Posted by outlaw2001it

No I'm not.
Hearing people talking today from other countries, and the U.S. on the economy....they are all saying the same thing...the U.S. is worse off than what the government is telling us. The Fed has no clue on what to do with the economy. They have cut rates so much that they put the Dollar into a tailspin that won't recover. While our housing market, and stocks are in turmoil investors from other countries are cashing in. They are buying our stocks, and foreclosed houses...why it's cheap because of the currency difference. Sooner or later our economy will recover, but by that time comes around the Dollar will still be valued as near worthless compared to the Euro, British Pound, Yen/Yuan, and other major currencies.
80,000 jobless claims filed last month, and they are predicting another 50-80,000 (easily) this month. We are in a recession, but the government does not want to admit it. People are our of work, factories aren't selling goods, the price of oil, and basic food is outrageous...should I go on.

P-p-p-p-f-f-f-f-f-f-f-t-t-t-t-t!!!

And you're ready to throw in the towel, based on what people in other countries are telling you.

The U.S. is a lot more resilent then most people think. Just ask Japan in '43 .

Harder

[MatrixmaN]

Please, we're never going to be worse off then when we started. We have a large chunk of land and quite a few people on it.

It might bring us down a peg, but we're not going anywhere.

[outlaw2001it]

This isn't from just people in other countries, but from professional economists from some of the best colleges in the U.S., and within the financial markets. There is more things going on than what the Federal Government is saying. We are brand new territory, and they have no clue of what to do. When they lowered interest rates trying to stimulate the economy the only thing that happened was they put more people out of work, and into bankruptcy. Our economy did not jumpstart as they were hoping...it did nothing. It's going to get worse, and the final outcome will not look as nice as it was before.

[tony_j15]

In all (un)likelihood, if it came to the point where a majority of "our" companies became foreign owned, the government would probably step in and pass a law mandating that they get to own 51% of all stocks. The people would approve, since now "we" own "our" companies again and the situation would only be "temporary."

In reality, several interesting things are happening simultaneously. First is we have many emergent countries where wealth has taken off and they are seeking to expand economically by buying shares in companies. Second, America is on (in) a recession. Its natural, and should happen. The money the government wastes trying to keep it from happening is actually detrimental to the growth of the economy. It needs to be allowed to flatline a little then it will rebound on its own.

[excuzzzeme]

"The sky is falling! The sky is falling!" Whatever shall I do? Oh me, Oh my!

[The Real Bingo]

Wow...we hit a bump in the road and everyone (outlaw2001it) wants to throw in the towel.

Economies - especially ones as big as the U.S. - can't grow indefinitely year in and year out. There has to be slowdowns and pullbacks. Kind of like a natural forest fire...gotta kill off the old stuff and make room for the new. Only in this case, we gotta kill off the shit that doesn't work (bullshit, voter-driven economic stimulus packages, for one) and let markets do their thing.

If dumb people, who don't care about our country keep running things, then you're right, outlaw.