Home › Forums › Financial Markets/Economics › Without credit cards, many will simply starve…
- This topic has 50 replies, 10 voices, and was last updated 15 years, 11 months ago by socrattt.
-
AuthorPosts
-
December 1, 2008 at 9:14 PM #310856December 1, 2008 at 11:55 PM #310892socratttParticipant
[quote=TheBreeze]
Food and clothing are much cheaper on a relative basis than it was during 30’s. People can easily feed and clothe themselves with even a minimum wage job.
[/quote]Breeze, you need to understand the ramifications of what is currently happening. Although everything seems to be pretty cheap at this point, we will inevitably put ourselves in a position where the price of goods will skyrocket. My guess is that within 6-12 months we will see a dramatic increase of prices of goods and services due to the infinite infusion of dollars to save our economy. Regardless if it works, the long term affects will be dramatic to say the least.
I don’t necessarily think America will collapse, but I do believe America will no longer be a super power, which will put a tremendous strain on a number of things nationally and globally. Prepare for the worst and hope for the best because only time will tell what is going to happen.
December 1, 2008 at 11:55 PM #310918socratttParticipant[quote=TheBreeze]
Food and clothing are much cheaper on a relative basis than it was during 30’s. People can easily feed and clothe themselves with even a minimum wage job.
[/quote]Breeze, you need to understand the ramifications of what is currently happening. Although everything seems to be pretty cheap at this point, we will inevitably put ourselves in a position where the price of goods will skyrocket. My guess is that within 6-12 months we will see a dramatic increase of prices of goods and services due to the infinite infusion of dollars to save our economy. Regardless if it works, the long term affects will be dramatic to say the least.
I don’t necessarily think America will collapse, but I do believe America will no longer be a super power, which will put a tremendous strain on a number of things nationally and globally. Prepare for the worst and hope for the best because only time will tell what is going to happen.
December 1, 2008 at 11:55 PM #310529socratttParticipant[quote=TheBreeze]
Food and clothing are much cheaper on a relative basis than it was during 30’s. People can easily feed and clothe themselves with even a minimum wage job.
[/quote]Breeze, you need to understand the ramifications of what is currently happening. Although everything seems to be pretty cheap at this point, we will inevitably put ourselves in a position where the price of goods will skyrocket. My guess is that within 6-12 months we will see a dramatic increase of prices of goods and services due to the infinite infusion of dollars to save our economy. Regardless if it works, the long term affects will be dramatic to say the least.
I don’t necessarily think America will collapse, but I do believe America will no longer be a super power, which will put a tremendous strain on a number of things nationally and globally. Prepare for the worst and hope for the best because only time will tell what is going to happen.
December 1, 2008 at 11:55 PM #310936socratttParticipant[quote=TheBreeze]
Food and clothing are much cheaper on a relative basis than it was during 30’s. People can easily feed and clothe themselves with even a minimum wage job.
[/quote]Breeze, you need to understand the ramifications of what is currently happening. Although everything seems to be pretty cheap at this point, we will inevitably put ourselves in a position where the price of goods will skyrocket. My guess is that within 6-12 months we will see a dramatic increase of prices of goods and services due to the infinite infusion of dollars to save our economy. Regardless if it works, the long term affects will be dramatic to say the least.
I don’t necessarily think America will collapse, but I do believe America will no longer be a super power, which will put a tremendous strain on a number of things nationally and globally. Prepare for the worst and hope for the best because only time will tell what is going to happen.
December 1, 2008 at 11:55 PM #311000socratttParticipant[quote=TheBreeze]
Food and clothing are much cheaper on a relative basis than it was during 30’s. People can easily feed and clothe themselves with even a minimum wage job.
[/quote]Breeze, you need to understand the ramifications of what is currently happening. Although everything seems to be pretty cheap at this point, we will inevitably put ourselves in a position where the price of goods will skyrocket. My guess is that within 6-12 months we will see a dramatic increase of prices of goods and services due to the infinite infusion of dollars to save our economy. Regardless if it works, the long term affects will be dramatic to say the least.
I don’t necessarily think America will collapse, but I do believe America will no longer be a super power, which will put a tremendous strain on a number of things nationally and globally. Prepare for the worst and hope for the best because only time will tell what is going to happen.
-
AuthorPosts
- You must be logged in to reply to this topic.