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Is USA close to economic collapse?

 
Millillion
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User ID: 1036488
United Kingdom
03/17/2011 09:07 PM
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Is USA close to economic collapse?
Is USA still looking as close to economic collapse?

Here are 11 signs of things turning ugly:

1) When Wal-Mart is closing stores you know things are not good. Wal-Mart announced on Monday that it will close 10 money-losing Sam's Club stores and will cut 1,500 jobs in order to reduce costs. So if Wal-Mart has to shut down stores, what chance do other stores etc have?

2) Americans are going broke very quickly. 1.41 million Americans filed for personal bankruptcy in 2009 - a 32 percent increase over 2008.

3) American workers are working harder than ever and yet making less. After adjusting for inflation, pay for production and non-supervisory workers (80 percent of the private workforce) is 9% lower than it was in 1973. But those Americans who do still have jobs are the lucky ones.

4) Unemployment is rising all over the United States. Minority groups have been hit particularly hard. For example, unemployment on many U.S. Indian reservations is over 80 percent.

5) Unfortunately the employment situation is showing no signs of turning around. December was actually the worst month for U.S. unemployment since the so-called "Great Recession" began.

6) So just how bad are things when compared to past recessions? During the 2001 recession, the U.S. economy lost 2% of its jobs and it took four years to get them back. This time the U.S. economy has lost more than 5% of its jobs and there is no sign that the bleeding of jobs will stop any time soon.

7) Can you imagine trying to get your first job in this economic climate? Our young men and women either can't get work or have given up on work altogether. The percentage of Americans 16 to 24 who have jobs is 13 percent lower than ten years ago.

8) So where did all the jobs go? Over the past few decades we have allowed the corporate giants to ship mountains of American jobs overseas, and there are signs that this trend is only going to get worse. In fact, Princeton University economist Alan S. Blinder estimates that 22% to 29% of all current U.S. jobs will be offshorable within two decades. So get ready for even more of our jobs to be shipped off to Mexico, China and India.

9) All of these job losses are leading to defaults on mortgages. Over the past couple of years we have seen the American Dream in reverse. According to a report that was just released, delinquent home loans at government-controlled mortgage finance giants Fannie Mae and Freddie Mac surged 20 percent from July through September.

10) But that is nothing compared to what is coming. A massive "second wave" of mortgage defaults is getting ready to hit the U.S. economy starting in 2010. In fact, this "second wave" is so frightening that even 60 Minutes is reporting on it.

#11) Meanwhile, the Federal Reserve has announced that it made a record profit of $46.1 billion in 2009. Apparently during this economic crisis it is a very good time to be a bankster.
[link to theeconomiccollapseblog.com]

That was from January. Are things still going that way or are there any signs of life as some articles suggest?
Such as:

[link to www.channelnewsasia.com]

I hope you recover and escape doom, I sincerely do.
Honesty makes a world of difference in a world where lies are prevalent.

:bsflag:
May I be the first? (GLP humour)
Anonymous Coward
User ID: 1233700
United States
03/17/2011 09:08 PM
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Re: Is USA close to economic collapse?
Duh #losing
Anonymous Coward
User ID: 1289092
Sweden
03/17/2011 09:14 PM
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Re: Is USA close to economic collapse?
It's not close to collapse, it's past that, the US has been collapsing for some while now, not sure where to draw the line but it's obvious that the economy is being propped up people... by their blood, sweat and tears and their futures.

It's a collaps allright, just isn't showing in the financial ecnonomy, but in the physical.

I'm not even sure if it stops there, one could argue that you've been experiencing a cultural and moral collapse as well... but that's another story perhaps.
Anonymous Coward
User ID: 1266063
United States
03/17/2011 09:15 PM
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Re: Is USA close to economic collapse?
Another company to watch is GE. If GE loses, we are in trouble big time.
Anonymous Coward
User ID: 1289655
03/17/2011 09:16 PM
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Re: Is USA close to economic collapse?
Will the U.S. dramatically implode like the U.S.S.R.? No, but we [and the the western 1st world] have gone through and are still experiencing a very major financial crisis brought on by serious fundamental under-lying economic problems, that are not being seriously addressed. Example: the too big to fail banks and corporations are getting even larger and are consolidating their power like never before. And of course the public and private debt problem is severe. We are IMHO heading into basically 'Lost' years, and who know how long it'll be before we get back to pre-autumn 2008 normal. Maybe never. Worse case scenario: we slowly, steadily decline; but that's something that'll take decades.
Anonymous Coward
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United States
03/17/2011 09:17 PM
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Re: Is USA close to economic collapse?
Yes
Anonymous Coward
User ID: 1177801
United States
03/17/2011 09:18 PM
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Re: Is USA close to economic collapse?
It's clear at this point that the plan is to print money until the wheels fall off.
Anonymous Coward
User ID: 1289655
03/17/2011 09:18 PM
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Re: Is USA close to economic collapse?
It's not close to collapse, it's past that, the US has been collapsing for some while now, not sure where to draw the line but it's obvious that the economy is being propped up people... by their blood, sweat and tears and their futures.

It's a collaps allright, just isn't showing in the financial ecnonomy, but in the physical.

I'm not even sure if it stops there, one could argue that you've been experiencing a cultural and moral collapse as well... but that's another story perhaps.
 Quoting: Anonymous Coward 1289092

Hey! Speaking of moral collapse, At least the U.S. never legalized child pornography like Sweden did throughout the 1970's!
Anonymous Coward
User ID: 1241496
Canada
03/17/2011 09:20 PM
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Re: Is USA close to economic collapse?
[youtube] [link to www.youtube.com]
Anonymous Coward
User ID: 1290067
United States
03/17/2011 09:20 PM
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Re: Is USA close to economic collapse?
Who knows. The US economy is definitely in bad shape but who knows if this will ever result in a full-blown, in-your-face collapse. They seem to be hell bent on making back room tweeks, altering reports for the best PR, and dishing out "everything is A OK" news blurbs.

You and I (the average citizen) may never actually experience anything more than poor employment prospects, and increased fuel and grocery prices while life goes on and on in a never ending loop of celebrity overload.

Or, TPTB might actually lose their grip on the reins and all bets will be off.

Either, Or...

Who knows?
Anonymous Coward
User ID: 1301790
United States
03/17/2011 09:21 PM
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Re: Is USA close to economic collapse?
Jesus man, where have you been? We're already in an economic collapse.. despite what the nation's wealthy, TV commercials and the MSM are pushing.
Anonymous Coward
User ID: 1128116
Canada
03/17/2011 09:21 PM
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Re: Is USA close to economic collapse?
it already is in full effect
but they are just not showing you the truth
playing the marketnumbers on the screen
Anonymous Coward
User ID: 1289655
03/17/2011 09:21 PM
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Re: Is USA close to economic collapse?
Who knows. The US economy is definitely in bad shape but who knows if this will ever result in a full-blown, in-your-face collapse. They seem to be hell bent on making back room tweeks, altering reports for the best PR, and dishing out "everything is A OK" news blurbs.

You and I (the average citizen) may never actually experience anything more than poor employment prospects, and increased fuel and grocery prices while life goes on and on in a never ending loop of celebrity overload.

Or, TPTB might actually lose their grip on the reins and all bets will be off.

Either, Or...

Who knows?
 Quoting: Anonymous Coward 1290067


bump
Nicely put
Anonymous Coward
User ID: 1299588
United States
03/17/2011 09:22 PM
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Re: Is USA close to economic collapse?
Ppl from across the pond don't need to worry about us. U need to worry about ur queen.
Anonymous Coward
User ID: 1289655
03/17/2011 09:22 PM
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Re: Is USA close to economic collapse?
It's clear at this point that the plan is to print money until the wheels fall off.
 Quoting: Anonymous Coward 1177801


bump
Anonymous Coward
User ID: 1298419
United States
03/17/2011 09:23 PM
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Re: Is USA close to economic collapse?
yes definitely positively affirmitively si oui shu hai

another disturbing fact 44 million americans currently receive food stamps. that means 1 in 7 americans are reliant on the guvmint for fucking food.
Anonymous Coward
User ID: 1300920
Greece
03/17/2011 09:24 PM
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Re: Is USA close to economic collapse?
Is USA still looking as close to economic collapse?

 Quoting: Millillion


Everything is fine!
Nobody is bankrupt. Even we are not bankrupt. It's a HOAX.
Go back to sleep.

sheeplebah

Even with the Great depression you could find some jobs that you wouldn't normally do. Now with every damn country being flooded by illegals with all that multiculturalism trend and acceptance and shit you can't even do that!
I guess people will have to resort in eating each other soon, after welfare and unemployment benefits runs out for everyone.
Anonymous Coward
User ID: 1289655
03/17/2011 09:25 PM
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Re: Is USA close to economic collapse?
And OP:

I'm assuming you're a Brit? The UK is in WORSE shape than the U.S.
Anonymous Coward
User ID: 1298419
United States
03/17/2011 09:26 PM
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Re: Is USA close to economic collapse?
anyone remember ross perot talking about that giant sucking sound as jobs leave U.S.?
Anonymous Coward
User ID: 1289655
03/17/2011 09:27 PM
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Re: Is USA close to economic collapse?
Is USA still looking as close to economic collapse?

 Quoting: Millillion


Everything is fine!
Nobody is bankrupt. Even we are not bankrupt. It's a HOAX.
Go back to sleep.

sheeplebah

Even with the Great depression you could find some jobs that you wouldn't normally do. Now with every damn country being flooded by illegals with all that multiculturalism trend and acceptance and shit you can't even do that!
I guess people will have to resort in eating each other soon, after welfare and unemployment benefits runs out for everyone.
 Quoting: Anonymous Coward 1300920


'Even with the Great depression you could find some jobs that you wouldn't normally do. Now with every damn country being flooded by illegals with all that multiculturalism trend and acceptance and shit you can't even do that!'

Very astute observation. ohyeah
Anonymous Coward
User ID: 1289092
Sweden
03/17/2011 09:28 PM
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Re: Is USA close to economic collapse?
It's not close to collapse, it's past that, the US has been collapsing for some while now, not sure where to draw the line but it's obvious that the economy is being propped up people... by their blood, sweat and tears and their futures.

It's a collaps allright, just isn't showing in the financial ecnonomy, but in the physical.

I'm not even sure if it stops there, one could argue that you've been experiencing a cultural and moral collapse as well... but that's another story perhaps.
 Quoting: Anonymous Coward 1289092

Hey! Speaking of moral collapse, At least the U.S. never legalized child pornography like Sweden did throughout the 1970's!
 Quoting: Anonymous Coward 1289655


I'll give you a point for that ball.
Anonymous Coward
User ID: 1289655
03/17/2011 09:28 PM
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Re: Is USA close to economic collapse?
anyone remember ross perot talking about that giant sucking sound as jobs leave U.S.?
 Quoting: Anonymous Coward 1298419


Oh yeah. And he was 1000% correct. Clinton didn't start this mess, but he sure sold the farm to China and others.
Anonymous Coward
User ID: 1300920
Greece
03/17/2011 09:35 PM
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Re: Is USA close to economic collapse?
Who knows. The US economy is definitely in bad shape but who knows if this will ever result in a full-blown, in-your-face collapse. They seem to be hell bent on making back room tweeks, altering reports for the best PR, and dishing out "everything is A OK" news blurbs.

You and I (the average citizen) may never actually experience anything more than poor employment prospects, and increased fuel and grocery prices while life goes on and on in a never ending loop of celebrity overload.

Or, TPTB might actually lose their grip on the reins and all bets will be off.

Either, Or...

Who knows?
 Quoting: Anonymous Coward 1290067


What happened with Japan is certainly a push to that direction. How big or small it remains to be seen. Nothing is visible yet because the sheeple don't know the inner workings of the economic cabal and the hidden system they created. I am pretty sure they are leaving the people to die there from radiation until they have a plan set for the cabal to cover their asses before they have to abandon their assets and find new alliances and THEN and only then will they start telling the truth about how bad the situation is over there.
I believe every system that they can use as an asset they have created to their liking, for one reason or the other will be falling like dominoes one after the other while they will still be striving for the multicultural globalization shit until they plunge all the world in to chaos because they will not be having any other alternatives to retain control.

God help us.
Anonymous Coward
User ID: 1299985
United States
03/17/2011 09:38 PM
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Re: Is USA close to economic collapse?
Most of those are due to illegal immigration, NAFTA and the WTO. This killed the housing and industry, thus te economy which reverbs globally. IT WAS INTENTIONALLY IMPLODED!!
Anonymous Coward
User ID: 1229437
Vietnam
03/17/2011 09:38 PM
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Re: Is USA close to economic collapse?
DOOM, IT SOUNDS SO GOOD.
Anonymous Coward
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Mexico
03/17/2011 09:40 PM
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Re: Is USA close to economic collapse?
Don't worry OP, Obama is watching very closely the whole situation !!

5a
Millillion (OP)

User ID: 1036488
United Kingdom
03/17/2011 09:41 PM
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Re: Is USA close to economic collapse?
I'm sorry to hear it's got so bad. Just hope the Elitists don't get to use this to their advantage, although I'm sure they wanted this. Or should I say planned this.
And OP:

I'm assuming you're a Brit? The UK is in WORSE shape than the U.S.

 Quoting: Anonymous Coward 1289655


The UK is in bad shape, I wasn't aware that it was worse. Could you shine any light on what makes you think we are worse off.
I work in a hospital, so I see a difference there. People being "fired", but many really just being redeployed. It is far too understaffed. Most people are stressed. Low morale was reported in hospital staff: no surprise there.
Hospitals are working to going private, but they won't admit it yet.
Thank you for the responses so far, you've shone light on the matter for me.

It's not close to collapse, it's past that, the US has been collapsing for some while now, not sure where to draw the line but it's obvious that the economy is being propped up people... by their blood, sweat and tears and their futures.

It's a collaps allright, just isn't showing in the financial ecnonomy, but in the physical.

I'm not even sure if it stops there, one could argue that you've been experiencing a cultural and moral collapse as well... but that's another story perhaps.
 Quoting: Anonymous Coward 1289092

Hey! Speaking of moral collapse, At least the U.S. never legalized child pornography like Sweden did throughout the 1970's!
 Quoting: Anonymous Coward 1289655


Did they really legalise it?! Damn, lets just legalise weed or something. In fact even Heroin would be better!
Honesty makes a world of difference in a world where lies are prevalent.

:bsflag:
May I be the first? (GLP humour)
Monkeyfister

User ID: 1248075
United States
03/17/2011 09:47 PM
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Re: Is USA close to economic collapse?
Apparently, were doing great, because Congress gave the ok to spend SHITLOADS of money on an exciting new fucking WAR in Libya.

Fuckers.

gaah

Please God-- if you're there, please drop a big meteor on me, because I hate this world anymore, and really, really want to be through with it.
"I'm the bride at every funeral, I'm the corpse at every wedding..." --Brother Theodore
... and don't blame me-- I voted for Bob Barr in 2008.
Only COWARDS hide behind anonymous Karma.
Anonymous Coward
User ID: 1301817
United States
03/17/2011 09:52 PM
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Re: Is USA close to economic collapse?
We r in this situation because everyone started making terrible decisions that dont benefit people the way it was implied to. It is very hard to get back to a healthy econamy but it is possable. If everyone was educated, the way a perfect world would run, we would not have problems with jobs.
Anonymous Coward
User ID: 1289655
03/17/2011 09:56 PM
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Re: Is USA close to economic collapse?
I'm sorry to hear it's got so bad. Just hope the Elitists don't get to use this to their advantage, although I'm sure they wanted this. Or should I say planned this.
And OP:

I'm assuming you're a Brit? The UK is in WORSE shape than the U.S.

 Quoting: Anonymous Coward 1289655


The UK is in bad shape, I wasn't aware that it was worse. Could you shine any light on what makes you think we are worse off.
I work in a hospital, so I see a difference there. People being "fired", but many really just being redeployed. It is far too understaffed. Most people are stressed. Low morale was reported in hospital staff: no surprise there.
Hospitals are working to going private, but they won't admit it yet.
Thank you for the responses so far, you've shone light on the matter for me.

It's not close to collapse, it's past that, the US has been collapsing for some while now, not sure where to draw the line but it's obvious that the economy is being propped up people... by their blood, sweat and tears and their futures.

It's a collaps allright, just isn't showing in the financial ecnonomy, but in the physical.

I'm not even sure if it stops there, one could argue that you've been experiencing a cultural and moral collapse as well... but that's another story perhaps.
 Quoting: Anonymous Coward 1289092

Hey! Speaking of moral collapse, At least the U.S. never legalized child pornography like Sweden did throughout the 1970's!
 Quoting: Anonymous Coward 1289655


Did they really legalise it?! Damn, lets just legalise weed or something. In fact even Heroin would be better!
 Quoting: Millillion

UK basic economic fundamentals are pretty dire. Basically, all the UK's economic eggs have been put in one basket, the City of London [banks, financial services.] The UK also has few natural resources, and has a high population density.

The U.S. is also in dire straits [not the band!] and I'm not minimizing it by mocking the UK. But, the U.S. in and of itself, minus exports, has a huge home market, is rich in natural resources, and simply has more to fall back on than the UK. At the end of the day, the U.S. is self-sustaining. It has the capacity domestically to grow it's own food, supply it's own energy, etc.,

And yeah, Sweden legalized child porn [literally; I'm not talking teens...I mean children, 5,6,8,10 years old] during the entire decade [or most of it] of the 1970s.
Millillion (OP)

User ID: 1036488
United Kingdom
03/17/2011 09:56 PM
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Re: Is USA close to economic collapse?
Apparently, were doing great, because Congress gave the ok to spend SHITLOADS of money on an exciting new fucking WAR in Libya.

Fuckers.

gaah

Please God-- if you're there, please drop a big meteor on me, because I hate this world anymore, and really, really want to be through with it.
 Quoting: Monkeyfister


Damn, ain't it great when the countries worst enemies are the leaders! I so wish we would kick the f*ckers OUT!
I'm guessing we'll see that this was part of a bigger plan soon. JFK tried to do away with secret societies, but they got him I'd say. Either way you won't get many leaders that would stand against them.
Honesty makes a world of difference in a world where lies are prevalent.

:bsflag:
May I be the first? (GLP humour)

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