Almost no one is saving any money in the United States today. Many don't have any money to save or simply don't want to save. Saving rates are very low or negative in many US states. The US government debt grows by about $1.3 billion per day and has now crossed more than $13.2 trillion dollars. The US private household debt has now crossed more than $14.7 trillion and half of these debts have been incurred after 1998. The fact is that the expanding consumer debt drives the US economy. The Americans are enjoying the present spending spree at the cost of their own future and future generations. In the near future, many Americans might have to face harsh reality like a poverty-stricken, third world family, living from hand to mouth situation without any kind of financial reserves whatsoever. The imminent economic crisis is waiting to happen in the US and will be most thoroughly predicted one in recent human history.
RE:US IS HISTORY......CHINDIA IS THE FUTURE.... WELCOME TO INDIA
by Sameer on Jul 23, 2007 10:51 PM Permalink
Wow. So is the US of A going to become another Somalia?
RE:US IS HISTORY......CHINDIA IS THE FUTURE.... WELCOME TO INDIA
by Ek Hindustani on Jul 24, 2007 03:32 AM Permalink
The US of A is marching towards and orchestrated Marshial Law. The Military Industrial complex has deliberately let things come to this level and are letting things deteriorate consistently. Also, Like all of us know - MNC's and guys with money (5% Americans) treat their world as home. They dont care if their money is in America or India or China, as long as it is under their name and control. They have deliberately orchestrated this economic demise of America, so that recessions kick in and large unemployment lines increase and it will be easier for them to recruit these unemployed to fight endless wars to take and keep control of the worlds OIL reserves. Make no mistake about this, they know whoever controls the gas pump controls the economy of the world. China and India can develop as much as they want at any pace, but to make the economies owrk and move product and people they will need OIL - ENERGY and they will ahve to go to thse (5% rich people) to buy it, and they will contorl the world. This is their plan. Watch out how this will pan out. and Remember my words. Dont think they care for America anymore, they only care for the almighty Dollar and are using America and eating away every thing that stands in America like a cancer. ITs a doom and gloom scenario for some of you, but for those who are aware of the going on's will agree with me. Pass the torch of wisdom
RE:US IS HISTORY......CHINDIA IS THE FUTURE.... WELCOME TO INDIA
by Blazer on Jul 24, 2007 02:55 AM Permalink
One day Mayawati becomes the PM introduces 60% reservation in Pvt Sector and all this good work will go to dogs... In India anything is possible. Unlike US in India the Corporate community doesn't control the GOvt
RE:US IS HISTORY......CHINDIA IS THE FUTURE.... WELCOME TO INDIA
by Arrow on Jul 24, 2007 04:01 AM Permalink
100% for SC / ST and tribal people. All MBC, OC, BC go to the hills. President should pass an ordinance to create 1000 new castes so that we can sit and discuss whether they are BC, MBC & then start quota for them.. he he he!
RE:US IS HISTORY......CHINDIA IS THE FUTURE.... WELCOME TO INDIA
by Raja on Jul 24, 2007 12:08 AM Permalink
Friend, going by your predictions, it would have a very bad impact on indian/chinese economy
