LEADERS EDGE (Offline)
#38
12/14/08 6:55 PM
The whole world is in the same boat as we are. These toxic mortgages where sold to every country and it has basically bankrupted the whole world.
As long as there was cash flow, the game could go on, but when oil and other commodities were used as a tool to offset the losses in the banking industry, that cut off the flow and was the final straw.
What's the difference between Shaniqua on 38th in big bad city Indiana or Jill on Happy Meadow lane in Little Slice of Small Town Heaven Indiana? Unwed pregnant mothers are in every town big and small as more and more people won't take responsability for anything anymore.
I don't argue the Buy American theory, but we went through the Depression during a time when we bought mostly American. Also, don't buy the American hype some of these companies claim, many of the Ameican products have some sort of foreign influence to it.
I do believe though that manufacturing is the key to a country's prosperity. No matter how long people say that only educated minds are worthy of pay and dirty hands are those of the fools.
Remember this: While I don't agree with unchecked imigratrion, nearly all of us here are the relation to US imigrants.
The only way out of this is to do the best you can, take responsability for your actions and spend a certain amount of money on goods and services other than food and entertainment when you can. Storing your money in coffee cans and hording every penny is the financial suicide equivilant to death by a thousand paper cuts. It's a slow and painful way to fade away.