Dominican Today Forum » Living in the DR » General Info » It Is Payback Time Says Corporate America To Bush.
#21 - Posted 2 October 2008, 6:17 PM
Location: United Kingdom
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RE: It Is Payback Time Says Corporate America To Bush.
Quote:
Manhattanite previously said:

abc it almost sounds like you wish we were back in the stone age.

No: Copy some ideas from Cuba!
http://www.scribd.com/doc/441123/Low-EnergyCuba
"

Having created the conditions that produced history's biggest bubble, America's political leaders appear unable to grasp the magnitude of the dangers the country now faces. Mired in their rancorous culture wars and squabbling among themselves, they seem oblivious to the fact that American global leadership is fast ebbing away. A new world is coming into being almost unnoticed, where America is only one of several great powers, facing an uncertain future it can no longer shape.
"
John Gray.

http://www.guardian.co.uk/commentisfree/2008/sep/28/usforeignpolicy.useconomicgrowth



S. fast forward!
Edited on 10/2/2008 7:01 PM by abc200.
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#22 - Posted 3 October 2008, 8:48 PM
Location: United Kingdom
Join date: August 2008
Member #: 1307
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RE: It Is Payback Time Says Corporate America To Bush.
The problem with US politicians is that they can't do maths.

If US labour competes in the World maybe average is 10 dollars an hour.

The new labour force cannot heat / run MacMansions. If 40 million MacMansions and associated infrastructure are bulldosed and each is founded on 200,000 dollars of credit the total unsupportable debt is:
8 trillion dollars or 8,000 billion dollars. So the present 'deal' may be 90 percent short of requirement.
The statistics I can find is
http://www.usatoday.com/money/perfi/general/2004-03-17-debtcover_x.htm
6.8 trillion in 2003.
Up to
10.7 trillion end 2006
http://www.lenderratematch.com/en/newsroom/mortgage_statistics/
Many mortgages were take out at 3-4%,
A little explanation of the 'house of cards'.
http://demos.org/pubs/house_cards.pdf

S.
Edited on 10/4/2008 4:53 AM by abc200.