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Originally Posted by crockett
Well I think at this point it's pretty clear.. We have become the Roman Empire it's now is only up to time to see how long it takes to finally fall. The only difference is the rest of the world will come down with us, including China whom most seem to think will be the next super power.
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No the power will switch away from the West to the East. Other countries will become the customers. The new powers will be based on a few at the top and many underneath. Most empires worked that way.
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Corruption & Greed have pretty much ruined this country, so it's only a matter of time before it fails. The only smart thing they did, was to make sure everyone else would be just as fucked as we are once it finally happens.
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Greed for consumer goods and the dream life did the damage. The West is running up bills because it lives in a style it can't afford. Take out the debt, borrowing and Government spending and the end will come faster. The West can't survive without it.
After the way the Stock Market crash of 1929 was handled we learned not to make that mistake again. We made the mistake of inflating the financial sector far beyond it's real value and when a pin burst the bubble. The weakness of the system around it was exposed. How many here before he crash were boasting about how much they were making in the dealings in the financial markets? you still see it in the buy gold or silver threads.
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The federal govt. is spending 10.6 billion dollars a day. 4 billion of that is BORROWED money. Every day.
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That's the life support America and other Western Countries are running on. Take it out and the Great Depression returns. And many in this thread will be broke within a year.
$1,456,000,000,000 is being pumped into the system to keep people thinking they're doing well. Can you imagine the knock on effects of taking it out?
It won't happen, neither Romney, Bush or anyone else is that stupid.
Unless The West can invest that money to start to grow, the West will sink.
And it won't be the fault of the kids dealing or taking meths.