20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover

20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover - Business Insider

Another 20 reasons to invest in gold bullion

Thanks, LAM.

I agree.

Here is Molyneaux. I think his speaking style is very clear and succinct, as well as his data. I do not know why there are 2. There should only be one. They are the same. If you find it too long, just pause and stop it and continue when you have the time or patience.

YouTube Video

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Originally Posted by Big Smoothy

Thanks, LAM.

I agree.

Here is Molyneaux. I think his speaking style is very clear and succinct, as well as his data. I do not know why there are 2. There should only be one. They are the same. If you find it too long, just pause and stop it and continue when you have the time or patience.

YouTube Video

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This guy is on point.

ultimately it's a demand side problem. with low wages there is no wealth creation hence to real ability to consume that isn't debt based. debt based consumption is unsustainable as we saw in 2008 when the bubble burst.

supply-side economics jacked up the natural imbalance that capital already has over labor, then add in the changes to the workforce due to technology, off-shoring, etc.

now the division of labor is so extreme and widespread there just aren't many high wage "middle-class" jobs anymore, at least not in the metro areas where 80% of the US population lives.

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Originally Posted by LAM

ultimately it's a demand side problem. with low wages there is no wealth creation hence to real ability to consume that isn't debt based. debt based consumption is unsustainable as we saw in 2008 when the bubble burst.

supply-side economics jacked up the natural imbalance that capital already has over labor, then add in the changes to the workforce due to technology, off-shoring, etc.

now the division of labor is so extreme and widespread there just aren't many high wage "middle-class" jobs anymore, at least not in the metro areas where 80% of the US population lives.

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That is a very succinct and well said explanation.

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Originally Posted by LAM

ultimately it's a demand side problem. with low wages there is no wealth creation hence to real ability to consume that isn't debt based. debt based consumption is unsustainable as we saw in 2008 when the bubble burst.

supply-side economics jacked up the natural imbalance that capital already has over labor, then add in the changes to the workforce due to technology, off-shoring, etc.

now the division of labor is so extreme and widespread there just aren't many high wage "middle-class" jobs anymore, at least not in the metro areas where 80% of the US population lives.

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we all know our economy is fucked. how about you post actual solutions? you never do. all you do is point out the obvious. come on, let's hear your solutions?????

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Originally Posted by Swiper

we all know our economy is fucked. how about you post actual solutions? you never do. all you do is point out the obvious. come on, let's hear your solutions?????

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...........Do you mean Suicide ??

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Originally Posted by Swiper

we all know our economy is fucked. how about you post actual solutions? you never do. all you do is point out the obvious. come on, let's hear your solutions?????

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because there are no solutions, at least none that are going to be implemented in the real world. it would be the transfer of wealth from the top to the bottom and that ain't happening. the only time the US economy was functional for all was the period of 1935-1975. what happened during this period of time? wages grew for all 5 of the income quintiles with the bottom growing faster than the top, while obviously earning substantially less.

any economic growth not based on real income growth for the MAJORITY OF LABOR WORKERS is unsustainable....

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Originally Posted by LAM

because there are no solutions, at least none that are going to be implemented in the real world. it would be the transfer of wealth from the top to the bottom and that ain't happening. the only time the US economy was functional for all was the period of 1935-1975. what happened during this period of time? wages grew for all 5 of the income quintiles with the bottom growing faster than the top, while obviously earning substantially less.

any economic growth not based on real income growth for the MAJORITY OF LABOR WORKERS is unsustainable....

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IT doesn't take a nobel economist to see what LAM is getting at either. Open your eyes at the grocery store, gas pump, look at your paycheck in comparison to inflation. You get less, the top keeps getting more and the tax code keeps getting changed to favor the upper 2%. Its not about what party is in power, they are all just one big corrupt enterprise sucking us dry so they can benefit. It has never ever been more clear than it is now.

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Originally Posted by oufinny

IT doesn't take a nobel economist to see what LAM is getting at either. Open your eyes at the grocery store, gas pump, look at your paycheck in comparison to inflation. You get less, the top keeps getting more and the tax code keeps getting changed to favor the upper 2%. Its not about what party is in power, they are all just one big corrupt enterprise sucking us dry so they can benefit. It has never ever been more clear than it is now.

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yeah inflation is and will be a major problem. the govt doesn't count food or fuel when it calculates inflation. take a look at this chart. look at 1971. it shot almost straight up. what happened in 1971? we went of the gold standard.

http://4.bp.blogspot.com/-3LcsZ1p27T...ationChart.png

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Originally Posted by oufinny

IT doesn't take a nobel economist to see what LAM is getting at either. Open your eyes at the grocery store, gas pump, look at your paycheck in comparison to inflation. You get less, the top keeps getting more and the tax code keeps getting changed to favor the upper 2%. Its not about what party is in power, they are all just one big corrupt enterprise sucking us dry so they can benefit. It has never ever been more clear than it is now.

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That doesn't entirely make sense.

Why destabilize the population to the point of chaos? Especially when the benefit to the '2%' is materially non-existent?

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Originally Posted by Swiper

we all know our economy is fucked. how about you post actual solutions? you never do. all you do is point out the obvious. come on, let's hear your solutions?????

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Swiper,

IMO, it is too late for solutions. That time has long since past for the USA.

so for now, we just pin gearz and hope for the best?

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Originally Posted by oufinny

IT doesn't take a nobel economist to see what LAM is getting at either. Open your eyes at the grocery store, gas pump, look at your paycheck in comparison to inflation. You get less, the top keeps getting more and the tax code keeps getting changed to favor the upper 2%. Its not about what party is in power, they are all just one big corrupt enterprise sucking us dry so they can benefit. It has never ever been more clear than it is now.

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actually retail grocery is currently trending a lower AIP then just a few years ago in many parts of the country...most large retail grocery chains have seen the need to drive a value image to the consumer..kinda..with this large retailers use leverage merchandising to make up for lost gross profits in the form of a higher then average items per basket..so by turning more volume at the register that enables them to move more product..which in turn allows them to buy more product in high volume at a lower cost..its all about items per customer now..so a smart shopper that can pick and choose there items based on value can come out ahead..but most can't..impulse buys are at a all time high...

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Originally Posted by LAM

because there are no solutions

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Thank god, now you can quit posting about it.

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Originally Posted by troubador

Thank god, now you can quit posting about it.

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I post to continue to remind people that reality is not the bullshit they sell on tv and I could care less if you or anybody else is tired of it. the more people come to realize that things are not going to get better the better than can prepare themselves and make better decisions like say not having kids if your already broke or on the border right now, etc.

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Originally Posted by Big Smoothy

Swiper,

IMO, it is too late for solutions. That time has long since past for the USA.

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according to the Club of Rome and the book titled "Limits to Growth" that was in the mid 70's or right around 1975. and the country was taken in the exact opposite direction it needed to go in the 80's. they built a totally unsustainable economy built on debt. the only sustainable economy is one built on continued real income growth for the working class.

Economic Recovery: Sustaining U.S. Economic
Growth in a Post-Crisis Economy
Craig K. Elwell
Specialist in Macroeconomic Policy
November 29, 2012

Congressional Research Service
7-5700
www.crs.gov
R41332

http://www.fas.org/sgp/crs/misc/R41332.pdf

* the first 10 pages of text is really all that needs to be read for those interested.

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Originally Posted by theCaptn'

Another 20 reasons to invest in gold bullion

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Unless you can throw that gold coin at lethal speeds with pin point accuracy it won't do you much in the US very soon.

:hmmm:

http://www.ironmagazineforums.com/at...1&d=1360645814

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Originally Posted by theCaptn'

That doesn't entirely make sense.

Why destabilize the population to the point of chaos? Especially when the benefit to the '2%' is materially non-existent?

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Not materially of any consequence, but what it does is it makes the vast majority under the control of the few. It won't take long for things to go back to company owned towns, company stores and getting paid in company currency that you can only use in the company store. Essentially back to feudalism.

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Originally Posted by Prince

:hmmm:

http://www.ironmagazineforums.com/at...1&d=1360645814

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The poor will never even be able to break even without a job that pays a living wage, which the so-called job creators are supposed to be doing with the vast amounts of money they are sitting on.

You would probably find that most people, not half of them, would rather work for a living than get something for nothing.

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Originally Posted by Zaphod

Unless you can throw that gold coin at lethal speeds with pin point accuracy it won't do you much in the US very soon.

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unless you produce, manufacture precious metals it's really still only a hedge and not a true "investment". even when the dollar crashes it will still be used, just be worthless due to hyperinflation. the entire US economy is built on paper dollars for the exchange of goods and services, retailers, ATM's, etc. all use paper currency. they will go to an electronic/digital currency. the use of physical gold as the actual medium of exchange will never come.

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Originally Posted by Zaphod

You would probably find that most people, not half of them, would rather work for a living than get something for nothing.

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Hmmmm...I have to disagree with u on that, most Americans are lazy fucks.

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Originally Posted by Zaphod

Unless you can throw that gold coin at lethal speeds with pin point accuracy it won't do you much in the US very soon.

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How soon? Should I be cashing in all my wealth to spend on hookers n blow?

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Originally Posted by Zaphod

Not materially of any consequence, but what it does is it makes the vast majority under the control of the few. It won't take long for things to go back to company owned towns, company stores and getting paid in company currency that you can only use in the company store. Essentially back to feudalism.

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Control for controls sake still makes little sense to me

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Originally Posted by Prince

Hmmmm...I have to disagree with u on that, most Americans are lazy fucks.

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a lot of people have no idea what it's like to truly work hard, but there are just as many that also have no idea how to think and use their brains on their own either. it kills me when I hear younger friends of mine that started school in their 30's, etc. talk about these "hard" classes in college, etc. that they had to take or that "big" 20 page paper they had to write..really 20 whole pages, this you bitch about?

part of the problem with living in a wealthy industrialized country is that each generation has it easier than the last. and we have reached a point where the youth of today has been pussified. they aren't hungry anymore, they just "want". and it's not all their fault when you look at the environment created here in the U.S. many people both young and old simply have no concept of the delay of gratification, etc.

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Originally Posted by Prince

:hmmm:

http://www.ironmagazineforums.com/at...1&d=1360645814

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You post this but I swear you voted for Obama. If you didn't vote for him, you sure defended him a lot. :coffee:

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Originally Posted by Prince

Hmmmm...I have to disagree with u on that, most Americans are lazy fucks.

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I live in the Detroit area. Most would rather work than get something for nothing.