Originally posted by winterkill
San Bernadino is just another example of where America is heading. Whole cities are lining up to go bankrupt while the corp heads are taking home
millions in bonuses.
The jobs are not coming back
(visit the link for the full news article)
But...the jobs are coming back, and they always have. Do you remember when Reagan (more Congress and Reagan actually) were busy tripling the national
debt, and people were in a panic over the massive debt increase, coupled with Japan buying up everything? After that, (and 4 more years of huge debt
spending and a stagnant economy under Bush I), we had an economic golden age, the deficit was on its way to going from record deficits to surpluses,
and Japan was left ho,ding the bag on a bunch of botched commerical real-estate deals.
That was just the most recent example of how, deite the middle-class being pawns in the game, the US consistently wins economic wars. History is
repeating itself. The EU was set to go big and trump the US, the dollar was plummeting vs the Euro, China running huge GDP gains and surpluses, buying
up US land and debt...Bush II started it, Obama is presiding over phase II, but the next president will be the new Clinton when it comes to reaping
the rewards of a war (economic) won.
The dollar has already turned around vs the Euro and other major currencies, the US GDP is growing faster than most other industrialized nations, Debt
to GDP leveled off and has begun to decline. At the end of this, China will settle back into a reasonable position, and the US will reassert itself as
an absolutely dominating economic powerhouse.
If history, logic, and understanding of the macroeconomic picture are any indicator at all, THAT is what is happening, not this wildly off-base
garbage about the US never recovering and the "certain" collapse of the dollar so many who dong understand how things actually work believe. Me,
I've been around too long, and paid too much attention through the last few decades to be suckered by it. While I'm a very small investor, through
the downturn and slow recovery, I've made ridiculous returns, simply by not buying into the bullschtien hype the masses seem prone to believe. I
guess the message is, if the bulk of the crown thinks we're sinking, its probably time to buy, because "the masses" being led astray has always
been one of the best investment tools available to those with the mmeams to capitalize on the lack of understanding the "bottom 99.9995%” have.