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The Reason for the Economic Decline of America

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posted on Nov, 1 2014 @ 07:00 PM
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a reply to: proximo

I disagree

Both Singapore a sucessfull capitlist country and Norway a successful socialist country both have low unemployment

The issue I see in the USA is purely corporate fasism




posted on Nov, 1 2014 @ 07:16 PM
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a reply to: crazyewok

Don't get me wrong the US could do much better right now. My whole point is there is a paradigm shift occurring and eventually we are going to end up in the same place with everyone else. Probably faster than anyone can comprehend. As soon as AI is successfully developed, and it's not that far off everything will change. It could also be triggered by a global banking crisis which is all but inevitable.

How do we transition to a society where most people don't work without massive poverty and death, I have no idea, and that scares me quite a bit.



posted on Nov, 1 2014 @ 07:28 PM
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a reply to: proximo

We switch from a currency based economy to a resource based economy. Focus on renewable energy and sustainable farming techniques. Conserve non renewable resources. We have the technology now for utopia but people cling to the status quo out of fear or greed, or in the case of the elites, out of hunger for power and control.

The reality of utopia is within reach. We just lack the collective will to reach for it. When you were born into shackles and never knew any different, you can't imagine life without them.
edit on 1-11-2014 by tavi45 because: added a sentence



posted on Nov, 1 2014 @ 09:17 PM
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a reply to: 727Sky

You get overheated over tax hikes for the rich.

You agree that trade policy and jobs is important

You know Reagan raised taxes 11 times on the middle class after he realized the taxes he cut for his lords and masters would gut the economy.

Regards taxes... rich people with too much money ruin the economy.
They did it in the roaring 20’s as they did it in 2007-8

When their money goes to taxes it makes them reinvest rather than spend on exotic investments that create bubbles that eventfully crash the economy.

What you call “their money” is basically largesse from corporate whoredom since no one really earns that kind of money

You think what CEO’s make is something they “earned”?

Or the salary of a professional athlete making millions on playing a game.



posted on Nov, 1 2014 @ 09:38 PM
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It’s nothing but a scam and a long brainwashing propaganda exercise, started by Reagan, that has succeeded in making poor and middle class people idolize the rich so much they actually go around worrying about how much taxes the rich and super rich pay!

They have come to idealize the filthy rich like some kind of god.

So they go and vote for Republicans (like their going to do in this midterm) who cares not a dam about them and ONLY is in politics to protect the money of the rich and to see they get more.



posted on Nov, 1 2014 @ 10:28 PM
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a reply to: Willtell

Yeah we can't put more taxes on the rich. When I'm rich, I don't want anyone taking it. Shame I can't get rich because they pulled the economic ladder up after them. Oh well, let's watch the Kardashians and Duck Dynasty and dream of being rich and soulless
. We already have the soulless part down pat.



posted on Nov, 1 2014 @ 11:24 PM
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a reply to: Willtell

I like the way you think OP and agree with you on all your points. Right now we are on the verge of hyperinflation as the printing keeps rolling. When this printed money comes out of the money supply it is called inflation. Banks have been hording cash for this very reason.



I believe anyone making under 15 dollars and hour is going to be screwed in the next couple of years because of this inflation. Think I am crazy look at your grocery bill........Really keep track of it and watch with you own eyes. This is also the reason why they are giving out 10 year car loans and pushing leases.



If you make under this amount it will become near impossible to afford food and housing if this continues unchecked. How long before we reach this point.......1 year......2 years.....3 at the most I believe.



posted on Nov, 2 2014 @ 03:15 AM
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originally posted by: xuenchen

originally posted by: onequestion
a reply to: xuenchen

2008 was a market correction because of buying and selling houses for profit. It drove the prices sky high forcing an inflationary market to adjust for rising cost of rent and mortgage.

I think I made that statement clear but maybe not.


To add,

many mortgages were sub prime and people started missing payments and defaulting because they over paid for the property they bought.

That seemed to pile up fast right before the "collapse".

I think some regulations had created a problem.



Deregulation is what lead to the banks even being allowed to make those loans. If they had been forced to stick to sane leveraging rates like 10:1 they never would have made those loans. Furthermore, had those banks not been able to back those loans with the deposits of their customers, and then sell them as securities to investment bankers the whole thing never would have happened.

After 2008 we passed Dodd Frank and the provision that stopped the banks from doing this with depositors money didn't even last for two years before being repealed. I've got a neat statistic for you. There was a major banking crisis/collapse roughly every 10 years before the creation of Glass Steagall. Once it was implemented we didn't have a single major banking event for 75 years. When we repealed it, it took about 10 years for a major banking crisis to happen.



posted on Nov, 2 2014 @ 03:25 AM
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originally posted by: crazyewok
a reply to: 727Sky

Corp tax is 35% in the USA? Crap id move overseas !

The UK 20% seems a lot more attractive !


The on paper tax rate is 35% but that really only applies to small business. Our large corporations like Walmart, GE, etc average around a 1% tax rate.



posted on Nov, 2 2014 @ 03:27 AM
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originally posted by: proximo
a reply to: crazyewok

Don't get me wrong the US could do much better right now. My whole point is there is a paradigm shift occurring and eventually we are going to end up in the same place with everyone else. Probably faster than anyone can comprehend. As soon as AI is successfully developed, and it's not that far off everything will change. It could also be triggered by a global banking crisis which is all but inevitable.

How do we transition to a society where most people don't work without massive poverty and death, I have no idea, and that scares me quite a bit.




If we ever develop a sentient AI all it does is move slavery from one group of people to another group. That doesn't actually fix anything.



posted on Nov, 2 2014 @ 03:30 AM
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Nafta/Cafta and china trade under clinton with help from newt and the repubs destoyed the middle class jobs. I watched many decent paying jobs go south in the late 90"s,
Increasing taxes isn't the way to go. More companies are leaving because of high taxes and burdensome regulations.



posted on Nov, 2 2014 @ 03:50 AM
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originally posted by: xuenchen

Perhaps a good idea, but I'm not convinced the 2008 meltdown for example, was caused by the Glass-Steagall "repeal".

Mortgage backed securities were around long before the repeal.

Maybe the "bailout" loans would have had a lesser impact, but still, the regular banks suffered losses on the primary mortgages anyway whether or not the mortgages were packaged by the big investment banks that were not included in the Glass law anyway.

Mortgage-backed security

very confusing.



The trickle down economics and loosening of restrictions under Reagan started the trend towards bubble economies. NAFTA hasnt helped.

IMO, all reagans policies have shown os that Keysian economics is a much more viable strategy. There are plenty who will disagree with me on the matter though.



posted on Nov, 2 2014 @ 03:55 AM
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originally posted by: mugger
Nafta/Cafta and china trade under clinton with help from newt and the repubs destoyed the middle class jobs. I watched many decent paying jobs go south in the late 90"s,
Increasing taxes isn't the way to go. More companies are leaving because of high taxes and burdensome regulations.


Taxes mean little. If they were such a big deterant, companies would flock from california to north dakota. That isnt happening.



posted on Nov, 2 2014 @ 04:31 AM
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The only way forward from such 1% policies is revolutionary politics.

If the 1% won't fund it, there should be enough of a push from the masses for creating a votable alternative that is large enough and contains professionals of economics, law, politics etc that can make realistic policies for constructive action.



posted on Nov, 2 2014 @ 09:11 AM
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a reply to: onequestion

They work for less because their work is crap.
A finish carpenter/master carpenter can make a mint by repairing the damage caused by unskilled immigrant labor being passed off as skilled.

I'd never buy a house made by a contractor with illegal immigrant workers.

Their cheap work is penny wise and pound foolish.



posted on Nov, 2 2014 @ 09:17 AM
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originally posted by: VforVendettea
a reply to: onequestion

They work for less because their work is crap.
A finish carpenter/master carpenter can make a mint by repairing the damage caused by unskilled immigrant labor being passed off as skilled.

I'd never buy a house made by a contractor with illegal immigrant workers.

Their cheap work is penny wise and pound foolish.


Nah. I think there's plenty of skilled workers who do a good job and plenty who don't. That comes down to the bid on bigger jobs and more industrial sized contracts. The bids are so low that if they don't produce x amount of work in x amount of time they hire someone else. I would never work on a crew like that.



posted on Nov, 2 2014 @ 11:59 AM
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The downfall of the economy is the result of unabated corporate business practices that are predatory and function only for a simple mathematic objective.
All else be damned and they MAKE SURE to infiltrate all the agencies,checks and balances with laws their puppets construct for them to make MORE money.
Politicians to them ,are like a woman's SHOES.



posted on Nov, 2 2014 @ 01:11 PM
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originally posted by: onequestion
a reply to: Jenisiz

That's not true. Illegals are having a massive impact on the construction market devaluing the labor pool tremendously. They work for a lot less. Jobs that were guaranteed at least 20$ an hour in some areas of the country your lucky to get 10$ for and you can't win a damn bid against them because you can't afford to pay guys to do the work and make money off of it. You have to run skeleton crews and you can't hire guys that don't have experience.


And if giant subsidized corporations weren't outsourcing all manufacturing to near-slave-labor nations, they would be expanding here in the US, creating high level construction jobs that require highly skilled workers which would be the Americans. Those manufacturing facilities would be filled with American workers.

The "elite" have done everything possible to create an entire class of Americans dependent on the state by introducing person debt via easily obtainable credit cards and skyrocketing secondary education costs, essentially creating a Barrier-to-Entry that forces young Americans to choose between starting adult life with 20+ years of debt or work as an unskilled laborer. Those that choose the latter are then forced into massive debt anyway because of carefully designed and controlled stagnant pay and inflation. The "elite" have successfully turned the now nearly extinct middle class into "Voluntary" Indentured Servants.

These "elite" are the same families and corporate entities that supported Hitler and the Nazis before and during WW2, then brought Nazis to America to be part of the elite entities, even creating a line of US Presidents (the 3rd of which will be elected in 2016). After WWII, these same families and corporate entities were able to buy enough plotiticians to avoid the gallows for treason and supplying support for the enemy. The mad dog Hitler was put down and the Allies attained victory in the war, but the Nazis still won.



posted on Nov, 2 2014 @ 01:17 PM
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originally posted by: LowTechRedneck

originally posted by: onequestion
a reply to: Jenisiz

That's not true. Illegals are having a massive impact on the construction market devaluing the labor pool tremendously. They work for a lot less. Jobs that were guaranteed at least 20$ an hour in some areas of the country your lucky to get 10$ for and you can't win a damn bid against them because you can't afford to pay guys to do the work and make money off of it. You have to run skeleton crews and you can't hire guys that don't have experience.


And if giant subsidized corporations weren't outsourcing all manufacturing to near-slave-labor nations, they would be expanding here in the US, creating high level construction jobs that require highly skilled workers which would be the Americans. Those manufacturing facilities would be filled with American workers.

The "elite" have done everything possible to create an entire class of Americans dependent on the state by introducing person debt via easily obtainable credit cards and skyrocketing secondary education costs, essentially creating a Barrier-to-Entry that forces young Americans to choose between starting adult life with 20+ years of debt or work as an unskilled laborer. Those that choose the latter are then forced into massive debt anyway because of carefully designed and controlled stagnant pay and inflation. The "elite" have successfully turned the now nearly extinct middle class into "Voluntary" Indentured Servants.

These "elite" are the same families and corporate entities that supported Hitler and the Nazis before and during WW2, then brought Nazis to America to be part of the elite entities, even creating a line of US Presidents (the 3rd of which will be elected in 2016). After WWII, these same families and corporate entities were able to buy enough plotiticians to avoid the gallows for treason and supplying support for the enemy. The mad dog Hitler was put down and the Allies attained victory in the war, but the Nazis still won.


First to agree and secondly for emphasis.



posted on Nov, 2 2014 @ 01:20 PM
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1. Export of manufacturing

2. Huge disparity between what a line worker makes and the CEO of the company

3. Automation

4. Limited educational opportunities due to increased tuition

5. Dumbing down and reduced standards in public schools resulting in a less educated populace

6. Bread and circuses

7. Grotesque levels of entitlements

8. Grotesque corruption



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