Is Our Country A House Of Cards?

[OrangeCountyDemocrat]

Is everything going to come to a head simultaneously? Could we potentially self destruct?

The Economy
Oil Prices
Housing Crash
Interest Rates Increase
Bankruptcy Law
Iraq
Fitzgerald Investigations
Iran
Sheehan

[Beam Me Up]

1. Yes.

On edit, it isn't quite all that simple, of course. But there are a lot of challenges before us precisely BECAUSE so many people are waking up to the reality of our situation. It has always been something far darker than most have known or wanted to know.

Also, this isn't just an American problem, it is a global crisis of enormous historical proportions. We're also dealing with ecological crisis, human population crisis, resource crisis--and there are spiritual dimensions to it all, whether one considers oneself a 'believer' or 'religious' or not. They are archtypes imbedded in our psyches.

[xynthee]

2. I don't see how we can last another five seconds . . .

. . . much less another five years.

I'm not basing this on any technical, scientific knowledge of anything. It just seems impossible for an entire country's existence to based upon so much NOTHING for so long.

Then again, we're still here, aren't we? Maybe it is possible!! Every second "America" exists seems like a miracle.

[firefox]

3. Things are getting worse. It is a slow crash.

Like I read here at DU yesterday, we have already hit bottom and now we are digging. The biggest problem I see is that we have nothing to export outside of military hardware and even there the Russians will out compete us.

The news today was that real wages adjusted for inflation have gone down 1.5% in the last few years and the rate for this year is a decline of 1%. Isn't that bad enough and if we cannot compete in America with a shipping cost advantage, how are we going to beat global competition on price. Then there is the boycotting that has already come with being the world's bully.

One in 4 dollars collected now goes to pay interest on the national debt or 1 in 5 dollars spent. How do you overcome that huge burden, much less the burden that is coming with now that the corporations are plugged into the national treasury. And the medical insurance and pill companies are going to feast on taxpayer money like never before in just 4 months with the new Medicare plan starts.

Then there is the death of the Constitution that got into the way of unlimited federal power that represents the uber wealthy.

We hit bottom with the stolen election of 2000 and the neocons insisted all power be diverted to digging.

[emald]

4. When things come apart..

they usually start small and grow worse untill a sudden massive failure happens. I think with the size of our society it has just taken awhile for things to unravel but they are now and with increasing severity.
sure seems like we are headed for some sort of cliff and * is revving up the engine to even higher screaming sounds.
so long....

[Old Hickory Fan]

7. Derivatives Market Worries Me. n/t

[wli]

5. add a new timebomb: the Iranian oil bourse n/t

[OrangeCountyDemocrat]

6. I Included Iran On My List n/t

[wli]

8. the oil-for-euros thing is different from Iran in general, though

Arguably, the fuss about Iran is because of it, but the oil-for-euros attempts by various countries are unlikely to halt.

[OrangeCountyDemocrat]

10. Do You Think It's A Given At This Point?

This Bourse situation has already made it decided in the administration that we're going to attack Iran in the near term?

[wli]

11. not completely, no, but it's relatively certain

The "important people" need to arrange their capital flight from the US and convert to Euros in the process of killing America's economy.

If Iran's oil bourse comes too soon, Iran will get bombed and invaded. If it holds off long enough, then they won't care. The US dollar will crash overnight, none of the big companies will be touched after a few trillion in insider trading deals, and the US becomes a famine-stricken Third World country enslaved to the IMF like so much of Africa in the process.

[tiptoe]

9. Left out "Stockgate"

See: Investing 101


(Like Election System Fraud, "Stockgate" is consequential of an absence of a paper trail: electronic counterfeiting of securities "loaned" multiple times simultaneously for naked short selling purposes.)