Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
Quantitative easing may turn out to be a gift that keeps on giving for the U.S. economy.
As the Federal Reserve prepares to end its third round of bond buying next week, the central bank plans to hang on to the record $4.48 trillion balance sheet it has accumulated since announcing the first round of purchases in November 2008.
That will continue to keep a lid on borrowing costs, helping the Fed lift inflation closer to its target and providing support to a five-year expansion facing headwinds abroad, from war in the Mideast to slowing growth in Europe and China...
One wrinkle many people miss is that we’re not waiting for the first of the three and a half rounds of crisis and recovery to hit; we’re waiting for the second. The first began in 1914 and ended around 1954, driven by the downfall of the British Empire and the collapse of European domination of the globe...
dolanbaker wrote:Global collapse is very unlikely, simply down to the fact that far too many powerful individuals have a huge stake in it! That's not to say that from time to time sectors of the economy will "be left out to dry" like The European banking sector a decade ago, or Irish construction industry (which lost something like 80% of its staff).
The real impact is that we are already past "peak lifestyle" in the west, the fact that most of our consumer goods are made in China using cheap labour, hides this decline well.
The boom-bust cycle will continue on as usual, but with one difference, in future it is likely that the peak of each boom will be lower than the previous boom, previously it used to be higher.
Another thing to consider is that the inflation that used to "hide the debt", is almost non-existent due to the inability to raise interest rates for fear of killing the economy.
The west's population is shrinking.
dolanbaker wrote:The west's population is shrinking.
It is not shrinking at all, inward migration is more than making up for any reductions in "western" population.
Just look around some of the cities in England, and you'll think that you're in the Middle East!
Just did a google and was amazed to find this page in a search for "Bradford Market" http://www.chohakhalsa.com/uk.html
I think that it proves my point much more than I ever could.
Deputy Barnes wrote:dolanbaker wrote:The west's population is shrinking.
It is not shrinking at all, inward migration is more than making up for any reductions in "western" population.
Just look around some of the cities in England, and you'll think that you're in the Middle East!
Just did a google and was amazed to find this page in a search for "Bradford Market" http://www.chohakhalsa.com/uk.html
I think that it proves my point much more than I ever could.
The main problem being that none of these immigrants are interested in science, finance, engineering or any other thing that drives the wests economy. They are a growing permanent underclass; nothing more.
Deputy Barnes wrote:dolanbaker wrote:The west's population is shrinking.
It is not shrinking at all, inward migration is more than making up for any reductions in "western" population.
Just look around some of the cities in England, and you'll think that you're in the Middle East!
Just did a google and was amazed to find this page in a search for "Bradford Market" http://www.chohakhalsa.com/uk.html
I think that it proves my point much more than I ever could.
The main problem being that none of these immigrants are interested in science, finance, engineering or any other thing that drives the wests economy. They are a growing permanent underclass; nothing more.
Deputy Barnes wrote:The main problem being that none of these immigrants are interested in science, finance, engineering or any other thing that drives the wests economy. They are a growing permanent underclass; nothing more.
Keith_McClary wrote:Deputy Barnes wrote:The main problem being that none of these immigrants are interested in science, finance, engineering or any other thing that drives the wests economy. They are a growing permanent underclass; nothing more.
DesuMaiden wrote:According this video,
https://www.youtube.com/watch?v=8j4Tyy5nsQ8
the world's economy will collapse in 2020. That's only 5 to 6 years away. This is because our oil production will decrease to an insufficient level to meet our current demand for oil. By 2027, our oil production will only be able to met 1/2 of the global demand for oil. This will cause a major economic depression and food storage around the world.
Get ready for the worst because it is happening soon.
Get ready for the worst because it is happening soon.
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