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I agree we cannot keep building on debt. But go think of why those debt were incurred and where the money went. Don't think politicians or political spending. Think of who benefited from it in the end. Think more about Consumerism. |
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I'm going to make a ten year prediction. I predict that in ten years the world will basically run out of oil.
I could be wrong. The US government made the same prediction in 1914, again in 1939, then again in 1951. I predict that the crisis is real THIS TIME. Twenty years ago I, and many others, predicted that significant parts of the US coastline would be underwater by 2010 due to global warming. California is still here, so I guess I was wrong. I'm probably right this time, though. |
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Only one way that the massive borrowing is funding some people way beyond their means. Read JHC'c post and think what would happen to the economy if the banks kept 100% of the money deposited with them. Lending and borrowing fuels the economy/life style you enjoy. The problem is some enjoy an economy/life style way beyond what they deserve. |
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1) U.S. will experience a severe natural disaster in the later part of the year.
2) Elections will be disrupted. 3) Tim Tebow dies possibly murdered. 4) Hillary Clinton diagnosed with cancer. 5) 666 hot lotto number. 6) Market rally?s then dips to under 10,000 by October. |
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i predict i am going to be drunk tonight
and i predict that nothing happens in 2012 in world politics/economy that affects me personally |
Fitty Dire predictions..........Happy New Year :drinkup
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Frisky is going to launch 3 more imaginary affiliate programs, kiss admins ass, and make huge multi million deals buying x-art content from bargain basement stores at $2 a pop.
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we are all gonna DIE
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