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Originally posted by GreenBicMan
reply to post by mamabeth
Wow that is an interesting new take on economic events...
Reminds me of this one time I saw the Mad Hatter at Red Rocks in Colorado.. err maybe that is a different story haha - but seriously I don't know where you are coming from here..
Can you explain a little better?
Originally posted by mamabeth
reply to post by GreenBicMan
I replied to a comment made concerning Israel.
"Israel have nothing that any of those countries wants or need"
Original post by marg6043 reply to John Matrix.
I always defend Israel.
Originally posted by poet1b
China is a huge ecological disaster in the making. Unless China's government changes its totalitarian ways, China will never make it passed 2nd world nation status. They can only continue to poison their environment for so long before it comes back to haunt them, and this is already starting.
Russia's economy is dependent upon oil exports, and that is a guaranteed, short term only deal. They have a few decades at the most as an oil producing nation. Russia needs to come up with some products, besides weapons and oil, it can sell to the world, a successful automobile, truck, tractor, commercial airliner, something, if they are going to have an economic future. As oil production continues to decline in the Middle East, Russia will have a dwindling customer base.
India has promise, but they are a long, long ways from developing into anything remotely first world.
Oil in the Middle East is running out, and from all the years of prosperity, the Middle East has yet to begin to develop any kind of an economy that will survive after the oil runs out. They have blown too much money promoting Islam, and not nearly enough creating some kind of alternative economy. When the oil runs out, they will be a very desperate people.
Israel has the one commodity that does not run out, technological innovation, and that is the real gold standard of modern economies. The first world nations have it, and the rest don't, and they never will, until they get rid of their oppressive and corrupt governments. Just ask S. Korea.
Originally posted by poet1b
And so the smartest and most ambitious people of the world make their way to the U.S. or Europe, or some other developed country, to find a better life, and this is why the dollar will remain strong. U.S. productivity is still the gold standard for the world, and we are still the place that is most likely to come up with the next great technological break through.
Our federal government needs to start doing a lot more to combat white collar crime, which more than anything could probably turn our economy around.
With our productivity levels, the need for workers continues to decline. This is a problem that will not go away. We are moving more and more in the direction of where only a small percentage of the people can produce all the goods and services for everyone. We actually don't need everyone to pitch in, in order for everyone to eat and live indoors with all the modern conveniences. Instead of a problem of deciding who gets to eat, we have a problem figuring out who gets to work. Technology has turned the struggle for survival formula upside down. we aren't suffering from a lack of goods and services, we are suffering from a lack of jobs.