Quote from: Operatr on May 16, 2013, 11:05:50 AM

Quote from: Hawker on May 16, 2013, 06:27:47 AM

Quote from: Operatr on May 16, 2013, 01:07:27 AM

...snip...

It is sad our intelligence and engineering prowess has to be back seat to the greedy few.

You are not really hoping for a happy ending are you? I know you aren't alone - a lot of people really struggle with the idea that everything is OK, the global economy will tick along just fine and its better to go out for a nice meal than to eat grits in the fallout shelter.

It is not a matter of hope, just realism based on what I know. I've simply accepted the inevitable outcome of the events that have occurred over the last 100 years or so. I think those that don't wake up to the world around them may find themselves blindsided. I know I sound pessimistic, but actually I am hopeful for the future.

The 2008 crash was real and felt by everyone, it surprises me how quickly everyone just forgot because our government said "don't worry we got it!". They just kept doing the same thing they did before after that, and nothing good will come of it as it didn't before. There is plenty of recent economic evidence to support a simple truth that we are not headed for a nice and happy world soon. I refuse to simply watch American Idol and pretend the world is OK like other people knowing such things are going on this very second that caused a global recession last time. Our governments and banks are all liars and thieves, I look after me and mine. I hope I'm wrong, but the consequences are too great if I am right to ignore.

The 2008 crash was real and it did indeed make life harder for poor people than it was in 2007. But apart from that, no real harm was done. The big economies of 2007 are still the same big economies today. Yes - I can see that GDP growth slowed down in the US. But that isn't the same as saying the the USA can't repay its debts. It can - it is doing so comfortably.

http://www.reuters.com/article/2013/05/15/us-investment-bond-scarcity-analysis-idUSBRE94E07P20130515

and

http://www.ft.com/cms/s/0/a1fd88c0-bd52-11e2-890a-00144feab7de.html#axzz2THSnFrpA

Here you have people desperate to lend to the USA making PR pitches to the financial press imploring the government to borrow their money. Hardly the behaviour of creditors that fear being stiffed is it?