That is so depressing. How the hell are we supposed to get out of this? Not even just the US...EVERYONE. This is such a huge crisis. Im normally not a doom-and-gloomer, except when it comes to the economy. I honestly don't see us fixing these problems without forceful, draconian control of people who don't feel they should have to pay for this. Either that or it is simply going to crash completely.
In short...
UGH!

I can envision a movement, not unlike the tea party, claiming that it's the governments issue and not theirs...


Interesting...

The only "hope" is virtual reality, chemical means, neuro-implants, or some other form of mental alteration that makes old people believe they are young and healthy and enjoying life when in reality they are old, feeble, abandoned, and strapped to a gurney in some horrifically overcrowded, crumbling old-folks home.

For those of you who think I'm being facetious, I'm not -- I'm deadly serious. I truly think this is the avenue that will eventually be explored. They will have some kind of electrodes, chemicals, implant, or what have you that totally takes you out of your mind in one way or another. Perhaps today's teens will relive nostalgic virtual-reality versions of "Avatar" in their head where they swing through the jungles of Pandora on vines while their bodies rot in reality.

The sum on the economy don't add up and before you sign up to letting more immigrants in you need to ensure your own youth all have jobs first

Thats not the case in the UK or the USA just yet but we do have a shortage of people that will work for $2 an hour and this is they type of labour the corporations want and they also want the amro and the personal carbon tax that goes with it.

Our casiono owners have everyone drunk and will take the sirts off your back if you let them so start slowly moving towards the exit like China is doing with all the US debt it holds which is going to send a lot of $USD back home

debt and bankers are 2 evil words
in my dictionary.

These b@stards have no conscience
on what they will do to the American
populace.

I wanna share a story:

3 years ago I got a letter in the mail
and it said that I had been approved
for a Capital One credit card. All I had
to do was fill out the enclosed application
and I was pre-approved. There was a $300.00
limit on that card (remember that amount for later).

There was a 14% rate on the card (remember that number for later)

Within 6 months I had maxed out the card at $300.00,
then my rate jumped to 28%, doubled what it was
previously. I was making $40.00 a month payments
on a $28.00 monthly minimum. Then when the rate
jacked my minimum payment to $56.00 a month.
I refused to pay it cuz it was a bait and switch.

3 years and countless collection agencies later,
today I get a debt settlement offer on that same
Capital One credit Card that had a $300.00 limit
that said I owed them over $900.00 and that they
would settle the debt with me for $450.00.

So even after this offer I still would have to
pay them $150.00 more than what the original
limit was on the card. So they are still making
a profit even at the settlement offer.

I guess they're assuming that I give a $h!+
about what my credit report says.

In the midst of all the bank bailouts, CEO's
bonuses, corporate fraud, they STILL want to
make money off of me.

THEY broke the contract with me by not honoring
their original percentage offered. So as far as I'm
concerned they can kiss my @$$. They are NOT
getting another dime out of me.

Sorry for the rant

Capital One

I am really curious how this will end. There is absolutely no way for any state to cut costs or raise income enough so they can actually pay back debt. The absolut best scenario is no new debt, and even that is unrealistic.

The Economy is a ticking time bomb, and everyone knows it. Though very few dare to speak of it because it is a very inconvenient truth.

The question is not IF the economy will collapse , it is WHEN it will collapse and in what way. The best thing would be to simply erase the national debt and start over again. But that will not happen because the fed will want to milk this cow as long as it gets. And I am sure they have the majority of its capital invested in stable currencies or in property and NOT in dollars or euros.