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Posted by: dandt1612 1 year, 8 months ago
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dandt16121 year, 8 months ago
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Just about everyone was doing better in the 90's. It's really sad to read and hear that people have lost hope of getting ahead and the only thing they can think about IS keeping their head above the water now. I know quite a few people who are barely and I mean barely making it and sadly a few friends who have lost the fight to stay a float. I hope things improve before to long.
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not2needy1 year, 8 months ago
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Yes, it's sad, and i know a lot of people who are in the same shape.
I am so glad my husband and i planned for our retirement, but if something happened to one or the other of us right now, i don't know if the one left could hang on with the way things are!
Scary times we are living in right now.
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JackofallChems1 year, 8 months ago
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This mess has been in the making since around 1970, when China started their currency manipulation gambit and they started getting support from the US presidency (Nixon & Clinton, to name a couple - Nixon for recognizing red China instead of Taiwan as a legitimate trading partner, Clinton for selling off missile technology). It accelerated in 1984 when France attacked and took over the only profitable export center in the US - the US chemical industry (through it's so-called national champions). And furthermore, the dollar has been artifically propped up for over a decade to make sure that when our currency crash came it would be too abrupt for us (the middle class especially) to adapt to economically through retraining and increased investment. In addition, the school system in the US was under attack from the early 1900s in an attempt to make socialism appealing to the citizenry through miseducation (artificial ignorance). Had enough yet, or should I ask in 2 years?
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UnusualSuspect1 year, 7 months ago
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My one disagreement with the article is that I think our children will have it worse than we did. With diminishing oil reserves, energy costs will continue to rise. I don't see us going any faster into alternative energy sources very soon, which will hurt them in the long run.
The US is continuing to overreach itself, and it won't get better with passing time. These wars in Iraq and Afghanistan, and fighting terrorism are taking their toll on us financially. Our children will be paying dearly for our mistakes. It's too bad.
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