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What do you think the future of the USA will be like ?

What do you think the future of the USA will be like ?


  • Total voters
    47
Other --
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If people don't see the true boogeyman standing in the by mist by now, they will when it is too late. Actually Google the laws of the land. Read through the text of what has become law. We've had a noose legislated around our necks.
 
Same ol' same ol'.
 
I can't imagine any respectable economist thinking America can just increase the debt without anything actually backfiring. The debt levels are seriously so huge we need to end the debt before there is a major economic meltdown

The federal debt is just an accounting issue, nothing more.

Our standard of living is determined by how much we produce. I can't imagine that the trend towards producing more would be reversed anytime soon.
 
thanks for voting

I think once interest rates return to around normal, 6% we will fall into that financial abyss and take the rest of the world with us.
 
The federal debt is just an accounting issue, nothing more.

Our standard of living is determined by how much we produce. I can't imagine that the trend towards producing more would be reversed anytime soon.

The production trends will continue but so will our debt there will come a time when our economy crumbles because of how much the dollar has been devalued over the past hundred years this has been evident throughout history I think the increasing debt and the increasing devaluing of our dollar is the biggest threat that faces America today. w.e. This is a speculation question and can only be answered by speculation
 
I really think that our current values of endlessly expanding our population and destroying nature are going to come back and bite us in the ass. This is a finite world people, so perhaps we should consider setting limits?
 
The production trends will continue but so will our debt there will come a time when our economy crumbles because of how much the dollar has been devalued over the past hundred years this has been evident throughout history I think the increasing debt and the increasing devaluing of our dollar is the biggest threat that faces America today. w.e. This is a speculation question and can only be answered by speculation

The "devaluation of the dollar" is just an accounting issue.

Wealth is the goods and services that we produce. It doesn't matter how many dollars it takes to buy a widget, what matters is if we produce enough widgets for everyone to have an ample quantity of them.

The value of the dollar has eroded by something like 98% during the past 100 years, but do we have a lower standard of living today than we did a hundred years ago? I think not.
 
I think once interest rates return to around normal, 6% we will fall into that financial abyss and take the rest of the world with us.

Why would that make a difference?

And is there really a need for interest rates to increase to their historical norm?

Money is cheap and common these days. It can be produced in unlimited quantity.
 
I really think that our current values of endlessly expanding our population and destroying nature are going to come back and bite us in the ass. This is a finite world people, so perhaps we should consider setting limits?

Fortunately, as populations become more wealthy, they tend to have smaller families. Populations in many countries have plateaued.
 
The "devaluation of the dollar" is just an accounting issue.

Wealth is the goods and services that we produce. It doesn't matter how many dollars it takes to buy a widget, what matters is if we produce enough widgets for everyone to have an ample quantity of them.

The value of the dollar has eroded by something like 98% during the past 100 years, but do we have a lower standard of living today than we did a hundred years ago? I think not.

Compare crime rates, the necessity for a health care act, the enormous hospital bills, the amount of laws introduced into business and many many many other things that have all been a cause of dollar inflation.

A few things inflation and devaluing the currency 1) it creates a much harder task for entrepreneurs to effectively review the currency in markets to decide if the price of he market is actually due to rightful business tactics or if the increase in he market is due to inflation. This means, the producers will create far more errors in the calculations of the economy

2) it forces businesses and consumers to spend time and resources in business security, this is wasteful spending

3) it creates governmental involvement into the economy through policies, in other words it creates added crony capitalism

4) it robs peoples of their savings

5) the entire idea of inflation is an illusion based on waste

It is not a reflection of " as long as we pay enough money there will be no generic bad purpose of dollar devaluation" it's " we've started purposely devaluing the dollar how long can we last devaluing the dollar to combat the dollar devaluation until our economy collapses?"
 
Why would that make a difference?

And is there really a need for interest rates to increase to their historical norm?

Money is cheap and common these days. It can be produced in unlimited quantity.

Which makes the dollar worth less and less.
 
Which makes the dollar worth less and less.

When I was about 10 years old, I walked to the corner store with my grandpa, and he pointed at the coke machine, and said "I remember when a coke was 5¢". I asked him if he had 5¢ back then, and he told me "nope". I asked him if he had 20¢ today, he said "yup", and bought me a coke.

And you remember that picture of an old lady with a wheelbarrow full of money in your high school economics class? The one that had the caption that explained that this lady lived in Weirmar and was going to the store to purchase a loaf of bread? Having that massive amount of money was an inconvenience, but it didn't stop this lady from going to the store.

Doesn't matter what the value of the dollar is, as long was we keep getting more and more of 'em. What matters is that we are still making bread.
 
When I was about 10 years old, I walked to the corner store with my grandpa, and he pointed at the coke machine, and said "I remember when a coke was 5¢". I asked him if he had 5¢ back then, and he told me "nope". I asked him if he had 20¢ today, he said "yup", and bought me a coke.

And you remember that picture of an old lady with a wheelbarrow full of money in your high school economics class? The one that had the caption that explained that this lady lived in Weirmar and was going to the store to purchase a loaf of bread? Having that massive amount of money was an inconvenience, but it didn't stop this lady from going to the store.

Doesn't matter what the value of the dollar is, as long was we keep getting more and more of 'em. What matters is that we are still making bread.

keep on believing that. Time will tell. I too can remember when cokes were a nickle and 5 and dime stores.
 
Apparently that's a good thing though

No, it's not a good thing, it's fairly neutral.

What's it matter if a sixpack of good beer costs $10 and I make $10 an hour, or if the sixpack costs $100 and I make $100? I can still buy the sixpack with the same amount of labor, either way.

The dollar is only worth 2% of what it was a hundred years ago, but it seems that our standard of living has increased.
 
keep on believing that. Time will tell. I too can remember when cokes were a nickle and 5 and dime stores.

If you can remember nickle cokes, you also remember when $1 an hour was considered to be "good money".

Is our standard of living lower today than it was way back then?
 
No, it's not a good thing, it's fairly neutral.

What's it matter if a sixpack of good beer costs $10 and I make $10 an hour, or if the sixpack costs $100 and I make $100? I can still buy the sixpack with the same amount of labor, either way.

The dollar is only worth 2% of what it was a hundred years ago, but it seems that our standard of living has increased.

Standard of living has increased because of the technology and understanding of our environment has advanced, as well as transportation and other things. This is not because we had inflation this is because of our own personal advancements

In fact, the restrictions of the growth of business and competition even in regards to calculating markets and amongst other problems inflation has created can actually be attributed to disrupting the proper competition of markets and would limit the actual growth of technology because people don't search for alternative business methods due to a lack of understanding the calculations of economy. So the technology that could of been created to increase productivity has been slowed down due to the faulty calculations.
 
I can't imagine any respectable economist thinking America can just increase the debt without anything actually backfiring. The debt levels are seriously so huge we need to end the debt before there is a major economic meltdown

Well there probably won't be, debt needs to be decreased but it isn't an imminent catastrophe. Unless something really ****s up, debt is not a major concern.
 
Standard of living has increased because of the technology and understanding of our environment has advanced, as well as transportation and other things. This is not because we had inflation this is because of our own personal advancements.

That's exactly what I have been saying. As long as we keep producing more, and getting paid more, inflation doesn't particularly matter.

Our standard of living is based upon how much we produce.

Inflation is just an accounting issue.

The value of money is relative, and it doesn't particularly matter if it takes one dollar or a million dollars to purchase a widget, what maters is how many units of labor we have to exchange for that widget.

If all of a sudden Obama issued an EO declaring a ten for one dollar split, it would make absolutely no difference at all to our economy.
 
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