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Originally posted by wutone
Originally posted by mybigunit
The system needs to crash. We need to get rid of the FED and start following the constitution. Lets ditch the 16th Amendment also.
As painful as this sounds, I 100% agree.
The American economic system is now all about money. It is all about new investment schemes and obtaining credit. There is no innovation. There are hardly any new goods which are being developed. Why is it that hedge fund managers make more than engineers and inventors? Why is it that corporations that produce anything are moving overseas while corporations that give us credit cards are still running strong in the highest taxed areas?
Originally posted by grimreaper797
reply to post by pieman
They cannot afford to have the US fall. It is really that simple. The amount of money invested in the success of our country is disgusting. Its hard to understand, but other countries lose if they call in our debt. They don't really gain if they call in because our country would be crushed, and as a result, they would get hurt badly from the move that they made. It is self-defeating.
Also, oil is down because we are expecting a HUGE economic downturn where people won't be able to afford to spend. Oil going down is a good sign that investors expect our country to have a VERY rough future.