America's Financial Doomsday

Discussion in 'Economy' started by Intense, Dec 23, 2011.

?

America's Financial Doomsday?

  1. Agree

    66.7%
  2. Disagree

    22.2%
  3. Learned Something

    22.2%
  4. Learned Nothing

    11.1%
  5. I Lean Left

    11.1%
  6. I Lean Right

    11.1%
Multiple votes are allowed.
  1. Intense
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    Intense Senior Member

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    Last edited: Dec 23, 2011
  2. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    First saw that about a year ago maybe? Agreed.
     
  3. American_Jihad
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    American_Jihad Flaming Libs/Koranimals

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  4. georgephillip
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    georgephillip Gold Member Supporting Member

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    "Given this background of high unemployment, lower-wage jobs, and smaller portions of the pie going to workers, it should come as no surprise that, according to the U.S. Census Bureau, nearly 50 million people in the United States live in poverty (with income in 2011 below $23,021 for a family of four) while another 50 million live between the poverty level and twice the poverty level—one paycheck away from economic disaster.23

    "Thus, the poor (those in poverty or near poverty), most of whom belong to the working poor, account for approximately 100 million people, fully one-third of the entire U.S. population."

    So when the US economy CRASHES loudly enough to focus US attention spans the same way 911 did, who will you blame?

    Why?

    Class War and Labor?s Declining Share :: Monthly Review
     
  5. SteadyMercury
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    SteadyMercury Gold Member

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    Hah that is pure comedy. From the opening page warning "viewer discretion is advised" to the text saying to turn up your computer speakers to the spammish pop up trying to prevent you from leaving.

    Beware scare tactics from companies that sell newsletters.
     
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  6. georgephillip
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    georgephillip Gold Member Supporting Member

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    Hope for the best, and plan for the worst.
    If you wake one morning to discover every $10 bill in your possession has been transformed into a $5, will you vote Republican OR Democrat in the next "election?"
     
  7. william the wie
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    william the wie Gold Member

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    Got to agree. Also way out of date given that he said 21% UE instead of 25%. The US as best of the worst is seeing asset bubbles because of flight capital and will see the busts as well.
     
  8. iamwhatiseem
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    iamwhatiseem Gold Member

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    I couldn't sit through advertising...just not that patient.
     
  9. SteadyMercury
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    SteadyMercury Gold Member

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    To an extent.

    Nobody can doubt the wisdom of the adage but one should plan for the worst that is within the realm of a reasonable worst and a reasonable plan of action, that is why they make reality TV shows about people building huts on mountains for when the meteor hits and the flood waters rise.

    My asset allocation is the best I think I can do with trying to maximize gains while accepting a certain level of risk and acknowledging the fact I'm not going to spend too much time researching and tinkering.

    When I see bilge like this claiming they know for certain that an an economic doomsday is around the corner with homelessness and martial law and only the few who really know what they are doing will actually profit, oh and by the way we sell these financial newsletters, what are we supposed to think? We should believe these folks have so much financial wisdom but instead of profiting off that they are taking the time to peddle newsletters and books instead? It makes no sense, its like the little "Make CEO pay from home" signs on stakes near the interstate exit ramps, if they really knew how to make executive pay from their house why are they out planting these signs at 3:00 am?

    Depends.

    Did my salary double too?

    Can I directly blame the state of the current extremely complex world of economics singularly on a political party currently in office?
     
  10. Dante
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    Dante On leave Supporting Member

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    one choice selected: disagree

    I see it as a money making tome. I would like to know when this article/ad was posted

    even a wiki answers idiot has it down: "That's not an article, it's a sales letter."
     
    Last edited: Mar 19, 2013

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