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Originally Posted by dyna mo
gear down there buddy.
here's more than a few links to back up my comment, i would enjoy reading any viable sources you can provide to back up your comment that we are in a depression and spiraling toward collapse.
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http://www.dailyreckoning.com
And if you knew economics and were able to do the math, you wouldn't be "hoping" for a recovery in a "recession". You'd be praying we don't collapse.
This is lovely. Except your assertion was that the US recovery is recovering. You sending me a link about worldwide economies does nothing for your point. And yes, worldwide economies are recovering BECAUSE they are running some sort of surpluses. We are spiraling towards collapse because we are running nothing but deficits.
While China will be the new superpower instead of America, its problems are the opposite of America's. It produces TOO MUCH and Americans have decreased consumer spending. Therefore they have warehouses stored with shit. However, they haver 2 trillion dollar of budget surplus that they can use to create a middle class.
Ah yes, lets listen to the Fed ROFL. The agency that has been printing money ruthlessly since 1913, the agency that is most responsible for all of America's historical economic problems. Yes, lets listen to the FED without any kind of logic or common sense.