posted on Mar, 18 2008 @ 10:40 AM
Since America has lost so much of its manufacturing base, and now relies on consumer spending (from other countries no less) for 70% of its economy,
its shouldn't be a wonder to anyone where this is going. What's the use of holding dollars? If you can't buy things with them (or buy as many
things as they take from you) the currency devalues.
Americans have become fat off of the cheap products from other countries, and all the hard work by American that lead to America becoming a superpower
economically is bleeding away. We're in poverty, with a average personal savings rate of -1% and a national debt at 9 trillion. What have we done?
What has happened to this country and what is about to happen, could have been prevented. I think people are going to realize how they've been taken
as fools, and when they wake up, those FEMA camps that have been built will become real useful. Not that I believe all that stuff surrounding the
camps, but I do think that once a lot of the public realizes how foolish we and our leaders have been, they won't be happy. We had such a great
thing going for us, and we let it deteriorate.
I've been reading about the economy probably everyday for five years, but I still find it hard to explain things because there is, not surprising, a
lot of things to cover. Between all the news stories you hear, you begin to realize though just how many things are wrong, and the correction has to
come eventually. The US economy, I can pretty safely say, can not continue on the way it has.