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  1. #11  
    Senior Member Molon Labe's Avatar
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    Quote Originally Posted by dgtxpride View Post
    I think we are hopelessly optimistic that any sort of quick recovery will take place as our previous success was created by waste and greed. I think that the current unemployment problem is a testament to that as we have learned of our inefficiencies and learned to do more with less hence the need for less employees. Until we forget what this recession has taught us we will not return to where we were.
    How about the U.S. manufacturing base. Think that has anything to do with it? How do you sustain economic prosperity when 3/4 of your economy is consumer driven?
    How about asset bubbles and flimsy monetary policy? Think that has anything to do with it either? These are some of the things I've learned.

    What specifically has the recession taught you?
    Gun Control: The theory that a woman found dead in an alley, raped and strangled with her panty hose, is somehow morally superior to a woman explaining to police how her attacker got that fatal bullet wound - Unknown


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  2. #12  
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    Look at the price of Gold which is approaching $1,200. Investors and other countries are not to pleased with the dropping value of the dollars that they are holding. With India buying gold and Sri Lanka buying some from the IMF today, the price of gold will keep going up. I am looking for China to start unloading some of those worthless or soon to be worthless dollars. Then the price will go up to 5 grand.

    With the printing presses going full blast, Obummer and the Democraps do not know what the fuck they are doing. These idiots are going to raise taxes instead of lowering them.
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  3. #13  
    Senior Member AlmostThere's Avatar
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    Quote Originally Posted by dgtxpride View Post
    Where do you guys think our economy stands at this point in time. Economists say that we have emerged from the recession but are things really better than they were before? It seems as though the worst of it came as a result of our own emotionality and not rock hard data. Aside from the optimistic attitude are we any better off today than last year at this time?
    Is this a trick question?

    How about this:

    Do you realize what happens when a money supply explodes like this? INFLATION that will make us long for the good old days of the Carter years.

    The government admits to 10.2% unemployment. The real number is closer to 17%.

    We have so much national debt , it can never be paid off. Today, we're paying 200 billion a year in interest servicing the debt. In the very near future it will cost about 800 billion a year just in interest. Not touching the principle, just the interest!! Over 3/4 of a trillion dollars a year just in interest! And what are our leaders doing to solve this? Why they're trying to add trillions more of new debt.

    The dollar is dropping faster than Lewinsky in the Oval Office.

    A half century ago, Khrushchev said the Soviets would bury us without firing a shot. He was obviously wrong. The Chinese could wipe out this country tomorrow without firing a shot and there is nothing we could do to stop it. They would just need to dump the hundreds of billions of dollars of U.S. Treasuries they hold making them totally worthless.

    The economy? Why, it's just peachy.

    ON EDIT
    Do you realize that not to long ago the Chinese were lecturing the U.S. on our insane economic policies? What does that tell you about our economy?
    Last edited by AlmostThere; 11-25-2009 at 10:12 PM.
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