Are we in trouble in America?

[kewp]

Remember still world economy revolves around US, as long as this happens still we are in good

And what if thats not the case anymore? This is the *big* prediction from Peter Schiff that actually has me worried (a little too bearish for me). He views American as a debt-laden caboose that is holding back the train that is the global economy. Once they cut it free they will soar forward while we retreat into irrelevance.

[Coronita]

Financially Yes, Militarily No. This crisis will make US stronger as a nation, promote thrift, reduce debt, cut down waste, will bring back dignity to real labor.

 

I disagree. Most americans have no concept of "saving". You give someone a buck (raise), they'll spend 2. You lend someone a buck, they'll use it to for the first monthly payment in financing bling. It's been part of the culture for a long time. What is going to make americans all the sudden wake up and change? Recession, implosion of financial system? Even so, doubt behavior will drastically change. Maybe a smarter, less selfish, less me generation (our kids).

 

[Coronita]

Financially Yes, Militarily No. This crisis will make US stronger as a nation, promote thrift, reduce debt, cut down waste, will bring back dignity to real labor.

 

I disagree. Most americans have no concept of "saving". You give someone a buck (raise), they'll spend 2. You lend someone a buck, they'll use it to for the first monthly payment in financing bling. It's been part of the culture for a long time. What is going to make americans all the sudden wake up and change? Recession, implosion of financial system? Even so, doubt behavior will drastically change. Maybe a smarter, less selfish, less me generation (our kids).

 

[Coronita]

Financially Yes, Militarily No. This crisis will make US stronger as a nation, promote thrift, reduce debt, cut down waste, will bring back dignity to real labor.

 

I disagree. Most americans have no concept of "saving". You give someone a buck (raise), they'll spend 2. You lend someone a buck, they'll use it to for the first monthly payment in financing bling. It's been part of the culture for a long time. What is going to make americans all the sudden wake up and change? Recession, implosion of financial system? Even so, doubt behavior will drastically change. Maybe a smarter, less selfish, less me generation (our kids).

 

[Allan from Fallbrook]

I would offer two points for consideration:

1) While it would be difficult and expensive, the US is perfectly capable of severing our dependency on foreign oil and the regimes that control it. France derives 80% of their energy from nuke power. We could do the same. Between that and our natural gas and oil reserves, we would do perfectly well. They are discovering natural gas deposits in this country that dwarf those of Russia and Iran combined.

2) The “Greatest Generation” was a direct product of surviving the privations of the Great Depression and was thus able to prosecute and win World War II against two very powerful and determined foes (Imperial Japan and Nazi Germany). Perhaps a little privation and self-sacrifice would do us some good and prepare us to prosecute and win the war we are now in; a war that promises to be generational in nature.

[Allan from Fallbrook]

I would offer two points for consideration:

1) While it would be difficult and expensive, the US is perfectly capable of severing our dependency on foreign oil and the regimes that control it. France derives 80% of their energy from nuke power. We could do the same. Between that and our natural gas and oil reserves, we would do perfectly well. They are discovering natural gas deposits in this country that dwarf those of Russia and Iran combined.

2) The “Greatest Generation” was a direct product of surviving the privations of the Great Depression and was thus able to prosecute and win World War II against two very powerful and determined foes (Imperial Japan and Nazi Germany). Perhaps a little privation and self-sacrifice would do us some good and prepare us to prosecute and win the war we are now in; a war that promises to be generational in nature.

[Allan from Fallbrook]

I would offer two points for consideration:

1) While it would be difficult and expensive, the US is perfectly capable of severing our dependency on foreign oil and the regimes that control it. France derives 80% of their energy from nuke power. We could do the same. Between that and our natural gas and oil reserves, we would do perfectly well. They are discovering natural gas deposits in this country that dwarf those of Russia and Iran combined.

2) The “Greatest Generation” was a direct product of surviving the privations of the Great Depression and was thus able to prosecute and win World War II against two very powerful and determined foes (Imperial Japan and Nazi Germany). Perhaps a little privation and self-sacrifice would do us some good and prepare us to prosecute and win the war we are now in; a war that promises to be generational in nature.

[Ex-SD]

Saw this link on the L.A. Land blog. Very funny and it hits the nail on the head: http://www.milkandcookies.com/link/41738/detail/

[Ex-SD]

Saw this link on the L.A. Land blog. Very funny and it hits the nail on the head: http://www.milkandcookies.com/link/41738/detail/

[Ex-SD]

Saw this link on the L.A. Land blog. Very funny and it hits the nail on the head: http://www.milkandcookies.com/link/41738/detail/

[bsrsharma]

The "Greatest Generation" was a direct product of surviving the privations…

The 20-somethings and 30-somethings of today may become the "Greatest Generation" of 21st Century. 

[bsrsharma]

The "Greatest Generation" was a direct product of surviving the privations…

The 20-somethings and 30-somethings of today may become the "Greatest Generation" of 21st Century. 

[bsrsharma]

The "Greatest Generation" was a direct product of surviving the privations…

The 20-somethings and 30-somethings of today may become the "Greatest Generation" of 21st Century. 

[Allan from Fallbrook]

bsrsharma: Yup. Kinda where I was going with that post.

We (as a society) definitely need to re-order our priorities.

[Allan from Fallbrook]

bsrsharma: Yup. Kinda where I was going with that post.

We (as a society) definitely need to re-order our priorities.

[Author]

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