Author Topic: 15 reasons you should be afraid that an economic collapse is coming...  (Read 1761 times)

Offline Mr. Blank

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From the article 15 Economic Statistics That Just Keep Getting Worse


The following are 15 key economic statistics that just keep getting worse and which reveal the horrific economic plight in which we now find ourselves....

1 - ...food stamps...

2 - ...economy has been bleeding jobs...

3 - ...time needed to find a job...

4 - ...national debt...

5 - ...interest on the national debt ...

6 - ...budget deficit...

7 - ...Social Security deficits...

8 - ...too many retirees and not nearly enough workers...

9 - Wealth continues to become highly concentrated...

10 - ...live paycheck to paycheck...

11 - ...more than 10% of all U.S. homeowners with a mortgage had missed at least one mortgage payment...

12 - ...college graduates ... moved right back home with their parents...

13 - ...loans that are at least three months past due...

14 - ...bank failures...

15 - ...dollar continues to rapidly decline...


Edited for copyright/fair use compliance.
« Last Edit: January 31, 2011, 09:23:18 AM by Mr. Bill »

nkawtg

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Re: 15 reasons you should be afraid that an economic collapse is coming...
« Reply #1 on: January 29, 2011, 11:08:44 PM »
Watching a History Channel presentation of "Prophets of Doom"
Three futurists look to the past and propose different theories on how America will decline and meet its end.
Pretty grim assessment of the future of our country.

Found a YouTube thread.
http://www.youtube.com/watch?v=nSpLUpiMkj0#

Offline Roknrandy

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Re: 15 reasons you should be afraid that an economic collapse is coming...
« Reply #2 on: January 30, 2011, 06:20:38 AM »
nkawtg, that was a great show

Offline fred.greek

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Re: 15 reasons you should be afraid that an economic collapse is coming...
« Reply #3 on: January 30, 2011, 05:48:08 PM »
To put us in a global perspective, consider an hour of unskilled labor.  In China, it costs about 60 cents.  In the Philippines, about 72 cents.  In the US, about $7.25.  In terms of unskilled labor on international markets the dollar is overvalued by a factor of 10:1.

Once those outside the US finish waking up to the fact the dollar is a joke, we can expect prices of foreign items to jump at least 10x.  (And that’s if Congress stops borrowing and stops spending beyond tax intake – ends federal welfare, pensions, social security, Medicaid, etc.)   


Offline ChrisFox

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Re: 15 reasons you should be afraid that an economic collapse is coming...
« Reply #4 on: January 30, 2011, 08:20:25 PM »
I liked the killer robots, my money is on them killing us all. Unless there's an economic crisis then my money wouldn't be as good so betting on the robots would be a suckers bet. Or if the oil ran out, the robots wouldn't have oil to lubricate themselves and we'd just have to wait until they ground themselves to a halt.