Quote:
Originally Posted by ZeroJunk
It has been for decades as far real income goes.
The price for most everything compared to the money most people can make has been running away from us for a long time.
As long as you borrow 40 cents on every dollar you spend, devalue the currency and keep the interest rates artificially low so that the debt does not bankrupt us I don't see what is going to turn it around.
Hillary making speeches about what else she is going to give away doesn't seem to be a reasonable approach.
It is not just the U.S. by any stretch either.
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My emphasis here is on collapse. So long as the world view US as a safe haven, There is no collapsing.
Remember the BRICS. Even the Chinese have faith in our system.
The US controls the important monetary/trade world institutions and can make adjustments to favor itself from any ill wind.
Plus it has powerful organs to destabilize and or control any entity which threatens its hegemony.
Debt is manageable and the availability of credit turns the industrial wheels.
It is a US paradigm which is sustained by the world view that in the US the individual is supreme.