US economy on the brink, to apply for Third World membership very soon

Re: US economy on the brink, to apply for Third World membership very soon

How does a discussion on US economy become a discussion on Fox news?? Fox news is meant for high school dropout, tobacco chewing ignorant red necks. Because only they can understand the garbage Fox news turns out everyday.

Back to US economy Fed Chairmans testimony the other day was an eye opener. Read here. http://money.cnn.com/2008/01/17/news/economy/fed_bernanke/index.htm?postversion=2008011715

The credit crunch and inability of investors to trust the credit system all together can have dire consequences.

Start saving your pennies for a rainy day.

Re: US economy on the brink, to apply for Third World membership very soon

You see Seminole. There a lots of tricks to become most watched when you once where not that popular. Ever heard of that?!
More over the news channel is owned by a neo con so Im not getting what you mean by the channel is influenced by neo cons.

Re: US economy on the brink, to apply for Third World membership very soon

:lajawab:

Re: US economy on the brink, to apply for Third World membership very soon

US economy is indeed in some trouble but nowhere near the third world levels. The other thing to remember is that while the past levels of dependency between Europe and Asia with US doesn't exist to that degree any more, fact is that such dependency is still very strong and so the hedging effects will kick in soon at some point.

Re: US economy on the brink, to apply for Third World membership very soon

^I hope to see a day when dependencies upon US are past. Then I would care less about US Economy and It's merely negative after effects on home markets (these days).

Re: US economy on the brink, to apply for Third World membership very soon

There is a reason Asian stock markets collapse following US stock market collapses. So if US economy turns "thirld world" the thirld world which indirectly is dependent on US economy will turn into 4th world.

Re: US economy on the brink, to apply for Third World membership very soon

Ironically if someone had.
watched orielly last night (I find him comical and entertaining though a blowhart) there was some info abt what is poverty in the US.

Singles making under 10k or couples making under 21K are apparently considered 'poor'. Howvere poor in US and elsehwere is not the same. Poor in US do not lack roti kapda makkan and a large number have color tvs, dvds, cars and stuff normally associated with middle middle class elsewhere.

Before gleefully and ungreatfully slandering the US just because of current capital mkt problems, people should remember some very basic and fundamental factors:

The resource and peoplee ratio in the us. Is very high.

Much (50plus) of capital mkt related losses are and will be born by rest of the world, not US

When USD devalues it is China Japan and Saudi that suffers most

If pushed hard enough, US is capable of cutting of aid and guarantees to all the countires that clamor for and take US money and use it to harm the US

One other neocon blowhart made a point that actually made sense - if US stops protecting Saudis, they"ll be back in near nomadic anarchy

If US tariffs or regulates imports from China, the Chinese economy will crumble in under 5 years.

Re: US economy on the brink, to apply for Third World membership very soon

^And all those homeless people living in carton boxes? Are they also making 10ks-21ks? Or are they considered too poor to handle?

Re: US economy on the brink, to apply for Third World membership very soon

^ They are considered a much smaller percentage of the population than in 3rd world countries such as Pakistan. Never mind the tens of millions more that live in Katchi Abadis.

2 Likes

Re: US economy on the brink, to apply for Third World membership very soon

Are you talking about the United States of America or Pakistan?

LOL.

Re: US economy on the brink, to apply for Third World membership very soon

I wonder why you bringing in Pakistan here. Who said Pakistans position is better?! But Its not facing economic fiascos like US of A is.

Re: US economy on the brink, to apply for Third World membership very soon

How old are you?

Because the population that live in cardboard boxes is close to nil. So we automatically assumed you were talking about Pakistan, as this is a Pakistani Forum Board.

Re: US economy on the brink, to apply for Third World membership very soon

^Absolutely true....there are no gang wars, no racial discrimination, no economical setbacks, no poverty, no mad man who shoot each other on streets, churches, schools, etc.
Its all so perfect like you.

Re: US economy on the brink, to apply for Third World membership very soon


For comparison purposes. Here is another comparison (that I hope does not go over your head): Saying US' economic situation is worse than Pakistan's is like saying the New York Yankees are in worse shape with an 8 game losing streak than a local pee-wee team is with a 5 game losing streak. Yes, the losing streak is longer, but how can you possible compare a bunch of year olds fumbling around the baseball diamond to a line-up of Major League All-Stars?

Re: US economy on the brink, to apply for Third World membership very soon

And I was the one comparing It with Pakistan? Acha...remember you quoted me in first place and gave me this Pak vs USA comparison. It's like comparing a ferrari with toyota.

Re: US economy on the brink, to apply for Third World membership very soon

Well then let's be honest and not say "But Its not facing economic fiascos like US of A is."