US economic role

[Pegasus]

A crash in the US could accelerate it's decline as a world economic power.

[Marlon LGHanger]

With .71 cents of every US tax dollar being used to service the interest on the debt and all the entitlement programs, it's just a matter of time before the USA starts to default on all the debt payments and the bottom falls out. Many top economist say once we get up to about 25 TRILLION in hole, that the dominos will fall fast. Add to that all the unfunded liabilities and we are on the fast track to implosion economically.

[dmizzle]

With .71 cents of every US tax dollar being used to service the interest on the debt and all the entitlement programs, it's just a matter of time before the USA starts to default on all the debt payments and the bottom falls out. Many top economist say once we get up to about 25 TRILLION in hole, that the dominos will fall fast. Add to that all the unfunded liabilities and we are on the fast track to implosion economically.

Im not sure 71% of all tax dollars is used to pay interest on the debt. Sounds a little high. But I can't control government, only my own life. Thats why I became a computer engineer to have job security. In 2008, I was a Union carpenter and just about everyone was laid off. So I made a career change and tripled my salary in 4 years. Regardless of the government or who the President is, I will still be successful.

[Marlon LGHanger]

I said interest on debt AND entitlement programs (ObamaCare, Medicare,Medicaid, Social Security, Social Security Disability, unemployment and welfare programs.)
Unless you have several million in liquid assets, when the bottom falls out EVERYONE will suffer, nobody that works for a living will be unaffected.

[TheAnimal220]

Just my predictions. I'm making a killing so far this year short especially in the green companies.

Are you a retail trader or do you trade professionally? I've been reading and trying my hand at position/swing trading for a few months now, it's very interesting but I realised that my knowledge is next to nothing and finding good sources of condensed information is proving to be quite difficult. Any tips would be more than welcome.

[ggot]

Lets all face it our idea of money and who has it and how they have is just a game of who holds paper against whom.
I say holds paper they are all playing with NPG what moneys there will be in the future who is invest in who. It is all smoke and mirrors supported by the managers of Monrgan Stanly Dutch banks whoever. It is all to enslave the working class. Kinda socialist I know. I was fortunate (?) enough to visit some of these bank vaults when being the outsider in a
seminar that was working to help the minions be ready for the unraveling that is bound to happen. It - economies will only work when they realize their $$$$$$ is based on the consumer and while there are other markets consumers and working folks are seen as a limited resourse to be respected and service rather esp. in USA as stepping stone of narcissim (sp)that may only be happy when it stands alone atop of the shit oile and you know what there won't be any one/thing to conquer. The consumers/workers/farmers will all be dead. I know this is a rant but thanks for the anger rattling me.

[Pegasus]

Umm yeah that is sort of how capitalism works at least in the US.

Countries like Norway have strong social security systems that work fine and strong economies ,high standard of living even if you are not in the top 20% . Of course their whole system is different from the US.

[dmizzle]

Umm yeah that is sort of how capitalism works at least in the US.

Countries like Norway have strong social security systems that work fine and strong economies ,high standard of living even if you are not in the top 20% . Of course their whole system is different from the US.

I agree, thats why we need to start doing things like they. US was oncethe happiest place to live, now its gone way down. Its getting harder and harder to make it in the US. Between inflation, cost of education/student debt. Its hard to get a good job with no skills. Most of these happy Countries have free education and less rich "job creators" sitting on their piles of money.

[Pegasus]

A college education is getting necessary for steady reasonable paid work .
I am told in the US that is very expensive . At least in Aussie they provide low interest loans.

[Pegasus]

The medical system in the US just seems to be bad value for money.