The only thing that will save the US economy is time?

Quote from crgarcia:

Productivity?

Who's gonna buy that excess production?
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1) How about we identify the major things that we IMPORT, and start building them HERE again? televisions, electronics, PCs, anything else built in the 100,000s of factories in Asia. Use some of the 500 billion to make us competitive - use anyone collecting unemployed or welfare as factory workers.

2) Any country selling goods & services to the USA (note - NOT include commodities like oil or gold), must purchase 80% of that value back in American goods and services. Else, you get a 50% tariff on your imports.
 
I have come to the conclusion that it's basicly over for the USA

the misappropriation of the last 2 months, of such a monumental amount of money into the lasts hands it should go into, is going to have real consequences for the people it was stolen from - severe consequences. the margin of safety was already thin to start with

i've always thought 'it's only money' is one of the dumbest expressions ever created - if that were true, why would anyone buy insurance? it's only money, right?
 
All the above relates to many of my previous posts which relate to structural change.....

Want to change the ballgame ?

Want to look on the WMT shelf and see US products on the shelves ?

Want to see Chinese battery makers want to locate in the US ?

Want to see the US rock ?


10% Consumption tax only

Re-establish a new worldwide stock exchange....
To be run by a consortium of BATS type companies....
BATS is not from Wall Street...BATS is from Main Street....
Boilerplate....not "SEC/NYC Corporate"-plate
All securities......size position limits....
1x.2x.3x.4x shares ....no margin
Local banking....local discount lending

Info...Wiki type format
"Google' type companies.....not "NY SEC-Corp. Lawyer type" companies....


And never look back.....


Time is up for WS......
 
A lot more people will come to US thorough immigration and pardon the illegals within next 2 years. 10 millions in next 10 years.
 
Quote from TraderZones:



1) How about we identify the major things that we IMPORT, and start building them HERE again? televisions, electronics, PCs, anything else built in the 100,000s of factories in Asia. Use some of the 500 billion to make us competitive - use anyone collecting unemployed or welfare as factory workers.

2) Any country selling goods & services to the USA (note - NOT include commodities like oil or gold), must purchase 80% of that value back in American goods and services. Else, you get a 50% tariff on your imports.
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What happens when every country around the world retaliates?
I will tell you what would happen. U.S. will save GM jobs(!?) and lose Toyota,Honda,BMW,,Mercedes jobs down South. Reg. electronics how much do you think assembly worker would be paid? Minimum wage or close? Or maybe you think unions would save the day. In that case the U.S. would have to seal off the borders because it wouldn't be able to compete against the world. What would happen after that?? It wouldn't do a shit for standard of living of Americans.
O my God where are all those fancy farming jobs 60 % of Americans used to do? Nothing better than working the land. And it could all be ours if not for that damned productivity improvements.
 
Quote from blackjack007:

growth and productivity increase are what would save the US.

the current national debt, even with all the bailouts, is not anywhere near the all-time high when compared against gdp. during ww2, debt was in the 15-30% range. during the last few years it was in the low single digits; with the bailouts it can get into the low double digits (assuming worst case, remember the bailout numbers you hear about are worst case).

the US didn't collapse after ww2 despite enormous debt. so everyone calm the hell down
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interesting post
 
http://uspolitics.about.com/od/thef...c-Measures/Debt-as-a-Percent-of-GDP--1940.htm

Debt now stands at more than 75% of GDP.

http://www.economicshelp.org/blog/economics/list-of-national-debt-by-country/

Interesting article about debt levels talking about UK.

http://www.independent.co.uk/news/b.../ripping-up-the-fiscal-rule-book-1035188.html

It begs the question as to who will have the money to keep funding the debt cycle? If Asia no longer get their export generated dollars due to a collapse in consumption in the west they will have few dollars available to fund the wests debt. Besides, as I have mentioned before, the only reason to fund the west's debt is because indirectly it funds domestic growth (in Asia, due to orders from the west) if the debt no longer funds consumption growth but rather infrastructure projects and black hole bailouts that only serve to temporarily keep prices of assets like houses inflated then it no longer makes sense to exporting nations to fund western debt, rather they can use the money far more effciently domestically trying to stimulate domestic demand and get their own infrastructure projects done in to the bargain.

This is why growth is the only answer, without it we lose the funding. And we better hurry up about it too as without significan growth to inspire continued lending rates will start to steadily climb and hinder and make more expensive any economic revival.
 
Quote from Cesko:

What happens when every country around the world retaliates?
I will tell you what would happen. U.S. will save GM jobs(!?) and lose Toyota,Honda,BMW,,Mercedes jobs down South. Reg. electronics how much do you think assembly worker would be paid? Minimum wage or close? Or maybe you think unions would save the day. In that case the U.S. would have to seal off the borders because it wouldn't be able to compete against the world. What would happen after that?? It wouldn't do a shit for standard of living of Americans.
O my God where are all those fancy farming jobs 60 % of Americans used to do? Nothing better than working the land. And it could all be ours if not for that damned productivity improvements.
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For one thing, we have a huge trade deficit that keeps getting worse. Everyone wants to sell here. That is called "leverage." There is almost nothing built in other countries that we could not build ourselves.

We have an open market. Unfortunately, many others don't. They are free to sell to us. They make us jump through hoops to sell to them.
 
The debt estimates do not account for what just happened this week in terms of how much we are really at risk for (we are near 100% GDP if you include some of the implied risk involved), and with deficits certain to increase faster than growth, I would bet money that we surpass the WWII peak. These bailouts are not a certain fix and they do nothing to address SSI and medicare, let alone the borrowing habits of americans.

The magnitude of what we are facing is truly historic, why are people so unalarmed by that?
 
Quote from Mav88:


The magnitude of what we are facing is truly historic, why are people so unalarmed by that?
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Probably because there are so few people around now who were also around during the last "truly historic" episode. Some lessons just need to be learned the hard way...
 
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