Are We Headed Toward Economic Collapse?

[twyacht]

Don't forget Palladium and Rhodium, they were considered scrap years ago...

We are at GDP and Debt Ratio, NO country has ever sustained it.



and we have a POTUS, that celebrates Motown instead.....

Many I talk to, see NO improvement this year, and anticipate a further downturn.

[CJS3]

I just don't know any more. The more I try to figure this thing out, the more I feel like my head is going to explode! It does seem as if people are more willing to sit on tangible goods, (guns, silver, gold, widgets, etc.), than they are cash, or cash investments. But you still have trillions in the stock market, annuities, IRA's, 401-K's, Mutual Funds, etc. So again I just don't know. For every reason I could give you we'll all be killing each other over hot dogs and corn flakes in 3 years, someone could come on here and give a viable argument on why I'm full of $h!t. I feel like buying $10,000.00 worth of fine Irish Whiskey and forgetting about all of it until it's gone! The Whiskey not the economy.  Bill T.

Actually, I think that would be an excellent investment. As good as gold, and almost as good as ammo.

[billt]

I think the more pertinent question is how resilient is the United States economy to deliberate abuse? i.e. How much can it take from idiot's in government the likes of Hussein, Brenneke, and the Fed who think they can control a run away train with more paper and ink? Also, we have some comfort in the fact that if we go down, the whole world will go down with us. Who will be left to buy the Jap cars, Sony radios, L.G. Korean TV's and refrigerators, along with all of the cheap Chinese crap that is floated over here by the ship load each and every day? Look at how well the Chinese are making out by deliberately devaluing their own currency in relationship to ours. If the dollar went to $h!t the tables would be turned. We could pay back our "debt" to them with all but worthless dollars. Also, Merkel would have to come up with a "Cash For Clunkers" program of her own for Germany. Who the hell else is going to buy all of those Mercedes?  Bill T.

[tombogan03884]

I think the more pertinent question is how resilient is the United States economy to deliberate abuse? i.e. How much can it take from idiot's in government the likes of Hussein, Brenneke, and the Fed who think they can control a run away train with more paper and ink? Also, we have some comfort in the fact that if we go down, the whole world will go down with us. Who will be left to buy the Jap cars, Sony radios, L.G. Korean TV's and refrigerators, along with all of the cheap Chinese crap that is floated over here by the ship load each and every day? Look at how well the Chinese are making out by deliberately devaluing their own currency in relationship to ours. If the dollar went to $h!t the tables would be turned. We could pay back our "debt" to them with all but worthless dollars. Also, Merkel would have to come up with a "Cash For Clunkers" program of her own for Germany. Who the hell else is going to buy all of those Mercedes?  Bill T.

I'd have to say the US has done pretty good. The economy has been catering to the "Gimme" class since the 60's and is only now approaching the point of collapse.

[billt]

Silver is up another .45 cents today, closing at $34.95 an ounce.   Bill T.

[Sponsor]

[crusader rabbit]

To more directly answeryour original question:  Yes!

[Timothy]

Silver is up another .45 cents today, closing at $34.95 an ounce.   Bill T.

Gas is up another 35 cents since Saturday, who can afford silver?

[Big Frank]

Silver is predicted to up to $50 and gold might keep climbing until it's $2,000. It's probably still a good time to buy either one. Too bad I didn't invest in gas.    I'm already stocked up with a lifetime suply of ammo so all I need is more survival supplies, especially food.

[kmitch200]

I think the more pertinent question is how resilient is the United States economy to deliberate abuse?

Not very. The USA is already bankrupt.

If the overseas investors decide to cash in the debt they have purchaced, the govt bonds will plummet and the dollar will be cheap toilet paper.
The gimme culture that wants something for doing nothing has put us on the brink. 

[billt]

The USA is already bankrupt.

Bankrupt yes, collapsing no. Like a lot of people I know. Most don't possess enough cash to fill their gas tanks. If they didn't have credit cards they'd be walking. If most had to pay off their liabilities they would be well into the minus column with zero assets. The people in this country are living as bad as the government. The nation, much like it's people, keeps going as if nothing is wrong. The only "advantage" the government has is it owns the printing presses. That is quickly becoming it's major liability.  Bill T.