US economy will tank

[jmatthan]

The recent AFP headline in Yahoo News

"Strict US visa policy scares away students, investors"

at

http://news.yahoo.com/s/afp/usimmigrationvisa;_ylt=Av9sy6jODD2sniYeeFxw23as0NUE;_ylu=X3oDMTA2bm5xNHVjBHNlYwNtcA--

can only lead to the tanking of the US economy.

My comment at

http://jmpolitics.blogspot.com

Jacob Matthan
Oulu, Finland

[Swamp Rat]

1. Hyvää huomenta

:hi:

Yes it will. That's why I am learning as many languages as I can, so I'll have many options when the U.S. economy crashes.

[Pachamama]

2. Gruess dich Swamp Ratte!

Wir koennen dann in andere laender arbeiten!

Yes, the US economy is going to tank so badly, Americans won't know what hit them...

We just sold one property and our next one goes on the market in a week. We are downsizing to a smaller house and taking our equity and buying property out of the country....We are going to need cash and a place to go when things are so bad here. And if none of our predictions come true, atleast we will have a cool investment property abroad! :hi:

Note: I was at a party on Sunday where a guy there I know who works for the Federal Reserve in San Francisco indicated that things are really fucked up right now and our trade deficit and deficit are going to kill us....yep, a Federal Reserve employee is worried big time....

[izzie]

3. Well I guess you are smart but I think it will be slow fall

The middle class gets smaller, we stop higher education percents, more low paid jobs, and things like that. We see the laws already protecting the rich being put in, and a slow move back wards. The world is not going to sit back just because we helped them. They will become stronger and I think, with the leaders we have, we will sink into the back ground as a great power. We often say empires fall but we forget to look at the time it took. The ones that will last in this new way is the ones that can change and get a good educations for the new way. In 1850's my family worked making carriages for horses but we are still here and hardly do that job any more.

[Tsiyu]

4. Well, izzie, hope you still have the plans for those carriages

With the price of oil, we may have to return to those days LOL We can each hitch our :dem: to a wagon.

I agree that the economy is descending slowly. Imagine it's as mighty as a huge, huge steam locomotive. Moving steadily along for years. But one day all the coal runs out and it begins to decelerate. It will take a while for all the gears and wheels to grind to a standstill, but they will come to a complete stop one day if there is no more steam produced.

We've only had small blips of a 'frozen' economy in the US over the last decades. I don't think we should use them as an example or a fantasy escape. This time, there are just too many bounced checks....I mean, look at the federal balance sheet as if it is were your own personal budget. If you knew you were amassing huge credit card debt and committing yourself to endeavors that demanded even more of your $$$$$$$$ how soon before you'd tank?


I hope to hell that I am wrong but I'm preparing as if I'm right.

[jmatthan]

5. My mutual fund advisor

here in Finland shifted all my retirement funds away from dollar / US related ones already in mid April. It is now spread into quite a nice non-US mix and doing quite well.

I think the dollar may stabilise but oil prices will still move the way corporate forces want them to and it is certainly not in the interest of the consumer. The backlash on consumer prices will follow shortly after.

We are not talking years now. Everything in this world has become faster and the tanking of the American Empire will be the fastest yet.

Jacob Matthan
http://jmpolitics.blogspot.com
Oulu, Finland

[idlisambar]

6. It could be fast, the foundation for collapse is there already

The magnitude of the trade deficit indicates that the US does not have the industrial capacity to meet its current consumption. Our current lifestyles are funded by foreign central banks, who, for whatever reason, could pull the rug out at any time.