8 Comments so far

1. Com_n_sense March 14th, 2007 11:12 pm

   Indeed, all China has to do now is sit back as bush’s polices continue to tear this country apart. Whatever China would lose when we collapse they will more than make up picking up the spoils.

   Thanks to bush America will be reduced to a crumbling shell of it’s former self barely able take care of itself let alone anyone else. This next crash will make the last Great Depression look like a bad hair day.

2. joneden March 15th, 2007 3:46 am

   There is much talk that the moderates in the Bush admin are gaining more sway. That said, the (unconscious) temptations to do Iran may become overwhelming as the pressure around the Iraq failures and the abuses in the justice dept and elsewhere mount.

   Jon
   Connecting the Dots: From human behaviors to Ecosystem collapse.
   http://StudentsForTheEarth.org

3. Lobo Gris March 15th, 2007 7:54 am

   While not getting into as much detail as I sometimes do about the root causes here is the truth about the economy. And in my opinion the economy will do more than tumble, it will go into a high dive free fall with no parachute.

   The economic collapse of the U.S. Our current account deficit is right around 4 trillion dollars, our trade deficit is quickly approaching 1 trillion dollars a year. Our total debt is alnmost 9 trillion dollars. We have a negative savings rate for the first time since the great depression. The money supply is being inflated by 11% a year with a GDP growth of between 2% and 3% The housing bubble is bursting. And guess what, our creditors are quickly becoming tired of lending money to what they see as an increasingly bad credit risk. What does all this mean to us, the average American? We are going to get hit with a double whammy. When our creditors, China and the other foreign nations that hold the majority of our debt, decide enough is enough and decide to quit lending it is likely that the dollar will be devalued and will be replaced as the worlds standard currency, probably by the Euro. Now a devalued dollar wouldn’t necessarily be all bad because it would make exports cheaper and increase employment, except for the fact that we have been de-industrialized and don’t make anything to export anymore. In addition with a devalued currency all those cheap imported goods will suddenly become much more expensive. Then for the second part of the double whammy, anytime the money supply is overinflated to the extent it is now it always without fail leads to inflation. Inflation that will further reduce buying power because each dollar will be worth less. The end result? A much reduced standard of living for the majority of Americans. The people that have become rich because of this betrayal excepted.

   Lobo Gris

4. rmboyter March 15th, 2007 9:30 am

   The economic actions caused by the CRIMINAL GOP SCUM THE REPUBLICAN PARTY AND ALL WHO SUPPORT IT SHOULD PAY FOR THiS MESS

5. Gail March 16th, 2007 8:30 am

   Heather Wokusch’s article is unnerving but true.

   “It is a well-known (but not discussed) fact that CHINA AND/OR JAPAN COULD BRING DOWN THE ENTIRE US ECONOMY, NOT TO MENTION THE US MARKETS AND THE US DOLLAR, MERELY BY UTTERING ONE WORD - “SELL”.” –BILL BUCKLER

   Congress needs to do some very serious thinking about how they are going to handle this mess they’ve created. If they continue to rubber-stamp insane trade agreements, this country of ours will sink even further into the black hole.

6. bnhepehavapi December 11th, 2007 9:25 pm

   titrituvynyhu…

   exwokahihuny…

7. bncuryziwuvi December 12th, 2007 10:26 am

   titwowikaxeni…

   exryvanyrivy…

8. bnxywyziwysy January 1st, 2008 11:59 am

   tittazatosyzo…

   extezicuhawi…

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