Hate To Say I Was Right But........

[RIJIMMY]

Originally Posted by Joe

We make whatever we want that is viable and there are virtually no barriers to entry into the marketplace. We have the most supportive economy for entrepreneurship and the largest, most open, vibrant economy in the world. Even now.

The strength of the American Economy is that we are free to act upon any viable idea we may have so long as we have the capital to enter the market. TVs, Phones - that stuff is not viable to make here, but there is a lot of stuff that is and if you look around you'll see a lot of people making and selling things.

sounds good Joe, but reality is, we invent something, then ship it overseas for them to produce, sure the stock of the inventing/owning company goes up, but the production is done elsewhere. Prove me wrong? What major consumer product is made here? Van Stalls? Clothes? Penn reels? Cars? Corn? what??? You might say computers, but you'd be wrong, all those parts are made in Korea and Mexico.

I dont know what everyone here does for a lving and I dont want to sound pompous, but I am informed working for one of the largest investment companies in the world. I know Wee Wee/Poo poo works in this industry too. Search his posts, he is as negative as I am. I believe he suggested putting all your money in gold bars in your basement. This is NOT a standard recession, you guys need to take a step back and LOOK.

[Bishop169]

I worked for one of the larger if not the largest investment companies here in the states and the truth of it is the one tradable commodity in America is Money….

The issue is we have no industry 60-70% of American cars are made over sees …… we buy lumber and some food stuffs from Canada its crazy…. we invest and offer insurances that is our leading industry. The issue is how long can we depend on one thing with no back up we are like every Hollywood starlet making big cake with nothing to fall back on. Sure we were once great and we can be there again…

We need to bring American industry back to us soil… I agree with RIJIMMY

[striperman36]

Originally Posted by RIJIMMY

I dont know what everyone here does for a lving and I dont want to sound pompous, but I am informed working for one of the largest investment companies in the world. I know Wee Wee/Poo poo works in this industry too. Search his posts, he is as negative as I am. I believe he suggested putting all your money in gold bars in your basement. This is NOT a standard recession, you guys need to take a step back and LOOK.

And then do WHAT after we look? Are you saying that we are erasing all of the 'prosperity' achieved since WWII? Or maybe since 1992 forward. How far back are we going in terms of the world economy?