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Jazzguy, I agree the people of the U.S., and the people all over the planet in general have gotten spoiled, and gotten lazy, and we are all part of the problem. IMO, the real danger is far more complicated, and has more to do with achieving the next level of advancement.
But the party is over. These other countries are going to de-peg off the dollar and instead of selling to US they are going to start buying their own products and building their own infrastructures.
We are what, a country of 600 million [304 million] China is what, a country of 3 billion [1.3 billion]. We will be a drop of water in the bucket when this is said and done.
Government . . should aid small investors who loose out due to money managers who were supposed to protect them from a disaster such as 401k investors, punish the people who took advantage of the situation, and leave the big fish facing the results of the risks they took.
The rest of the world has been living off of the U.S., setting up trade negotiations with the help of our crooked corporations that tip the odds against the average person and undermine the U.S. worker. Free market economics are not the solution, they are the root cause of our current economic crisis. What free economics amounts to is government ignoring corporate crime, thus business becomes ever more corrupt until the system collapses.
This happened in the 1890s, and the 1920s, and it is happening again since Republican neocons deregulated banking rolling back the laws that were in place to prevent an economic crisis as we are currently facing . . this [economic crisis] is a result of what the WTO has done in setting up these lopsided trade deals that screw the workers of the U.S..
we elected those who will make use dive into a real big second depression