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Global Economic MeLtDoWn?!

Global Economic MeLtDoWn?!

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Are we headed for a global economic depression? I came across the following article http://www.globalresearch.ca/articles/CHO201B.html and would be interested in your thoughts.

I see a wasteful western economy as being artifically bolstered by government creative accounting. Our population is aging rapidly, living longer, and burdening social services. Our natural resources are dwindling. I see taxes, insurance and the cost of living spiraling out of control. I see social strife, political upheaval and economic collapse on the horizon.

California as a micro economy is a great case study. The cost of living increase is rising at an exponential rate. Utilities are taxed to the breaking point and the social structure cannot support the population. Eventually civil unrest will become the norm, police actions a daily event and most people unable to afford a cardboard box under an overpass much less a house.

Your thoughts?

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Originally posted by Hand of Hecate
Are we headed for a global economic depression? I came across the following article http://www.globalresearch.ca/articles/CHO201B.html and would be interested in your thoughts.

I see a wasteful western economy as being artifically bolstered by government creative accounting. Our population is aging rapidly, living longer, and burdening social serv ...[text shortened]... t people unable to afford a cardboard box under an overpass much less a house.

Your thoughts?
The Great Depression years of the 1930s produced some of the best creative works and greatest engineering projects ever in America, and probably the rest of the world. So, you see, having real problems to overcome instead of making up artificial problems isn't necessarily a negative.

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Originally posted by Delmer
The Great Depression years of the 1930s produced some of the best creative works and greatest engineering projects ever in America, and probably the rest of the world. So, you see, having real problems to overcome instead of making up artificial problems isn't necessarily a negative.
The current generation of leadership and citizenry and those on the rise cannot hold a candle to the generation of the Great Depression....we are a fat, greedy, slothful, wasteful generation(s) that will wither in the face of anything remotely resembling the Great Depression....zoloft and twinkies will not see us through, I'm afraid...😲

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Originally posted by chancremechanic
The current generation of leadership and citizenry and those on the rise cannot hold a candle to the generation of the Great Depression....we are a fat, greedy, slothful, wasteful generation(s) that will wither in the face of anythi ...[text shortened]... n....zoloft and twinkies will not see us through, I'm afraid...😲
Speak for yourself.

I moved over 20,850 tonnes of lumber in framing 2450 houses in my youth. Three times it had to be moved. Once from the "truck dump area" to the work area. Then from the work area to the cut area then to the install area.

But that is just a small thing. Anybody can do that. Well... except for the part about throwing up a bunk of plywood one handed to a guy on the roof. Every day for twenty years. Or two guys running 50, two hundred pound roof trusses up a twenty foot ladder. Every day for 20 years. In thirty minutes.

I am being silly to make a point. You can't make generalizations about "generations" any more than about 'races' or nationalities.

It isn't logical. People are the same yet each holds certain work ethics that are not able to be rationalized to a common "average".

What is average to one is an absolute hell-on-earth to another. Accomplishment and work wise.

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Originally posted by Hand of Hecate
Are we headed for a global economic depression? I came across the following article http://www.globalresearch.ca/articles/CHO201B.html and would be interested in your thoughts.

I see a wasteful western economy as being artifically bolstered by government creative accounting. Our population is aging rapidly, living longer, and burdening social serv ...[text shortened]... t people unable to afford a cardboard box under an overpass much less a house.

Your thoughts?
The article is drivel.

As for Californian problems - they are not global problems. Globally, most people have a far hight standard of living than their parents.

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Originally posted by steerpike
The article is drivel.

As for Californian problems - they are not global problems. Globally, most people have a far hight standard of living than their parents.

Perhaps you're right, the artical was not the best example. Just a topic I thought worthy of discussion.

On the otherhand, the asian currecy crisis effected the entire world as a result of poor banking practices. China has an artifically regulated currency which could quite realistically collapse and effect us globally.

Of course, the California problems are not global, but, it is an interesting micro economic model for a society stretching its resources to the breaking point.

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