All HYIPs are Ponzies - When will the giant ponzi scheme that is the US economy finally unravel?

When will the giant ponzi scheme that is the US economy finally unravel?

When will America's (a) massive budget deficits financed by the sale of US treasuries to foreigners, (b) sky-high trade deficits and current account deficits, (c) unrestrained money-printing, (d) sinking dollar, (e) ceaseless expenditures on foreign wars, (f) low-levels of personal savings combined with massive consumer debt and (g) profligate spending ways finally bring down the giant ponzi scheme that is the US economy?

When?

Public Comments

How about never, John. No matter how much you pray for it. The world economy is too interdepedant. Any one large player goes down, we all go down. Look at how the US housing crisis have effected economies all over the world. Ain't gonna happen.
The difference is that the U.S. government backs up it's currency. Now, if we run out of paper, we're in big trouble.
C and D are the same problem. B isn't a problem. F is none of the government's business.

Let's not forget, though, the ultimate ponzi scheme: Socialist Security.
I don't think US economy will go down PER se, however, how Americans will live is other theme...

As you can see, may companies are dropping health insurance all together because they can't afford it. I don't care if 50% of Americans become beggars, since i've left US for good.

Family incomes for most-if counting inflation haven't risen in a long time, actually, they have decreased somewhat in some of years before.

Housing crisis is just maybe a first shock to come...

Deficits ARE a problem... if you are being brainwashed by American biased economists, then it maybe isn't.

Deficit becomes debt, debt has to be repayed... all this increases the pressure on taxpayers.

If you wanna repay debts instead of having health insurance,

pension, or anything like that... then maybe it's NO problem.

You know, US used to have stable trade- and was money lender, now it's HEAVY debtor. In fact, it's not only the problem that us is a debtor, US is becoming a bigger debtor every second.

I don't see how ANY of US citizens profit from this. War corporations, oil tycoons and other billionaires are profiting.

But then again, they have millions for health care, child care, tuition... common folk don't!

Anyways, i quit being a "productive drone", working, overworking, overstressing... now i have my life back in my hands, instead of my sould in hand of American corps. I'm not a robot, and quit being one.

This so called productivity meant being little with my children, my wife, my family...

WHEN are you gonna realise THAT economy is supposed to make our lives better? Working more and more every year, for less and less security isn't making my life better.

FACT- Americans live WAY beyond their real standard... productivity ain't gonna help nothing if you spend more than you earn.

A bad DAY may come... i hope it doesn't, because it will hit all other economies too. However, the first one and hardest hit will be US.

However, some people are brainwashed to death... even blind see more than them.
Are you an angry communist?
Perhaps you should look up the definition of "Ponzi Scheme".
An exact time prediction is impossible to predict...However many people are saying the gap between the rich & poor in the USA is getting larger,,,,,many, many jobs are now not paying enough to support an average life style.

It's my humble opinion, that the value of the U.S. dollar, over the last 74 years is to blame. 74 years ago Americans had their real money {Gold} confiscated and replaced with paper dollars that continously lose value.

Vote for Ron Paul, the ONLY Presidential candidate that is pushing for sound money, that keeps its value.

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I'm not sure if the US economy is a ponzi scheme, but I will agree that it is really screwed up.

The US economy will not collapse overnight. What will happen first is a recession. This recession will be a world wide recession due to how dependent the rest of the world is on the US economy. The US is still the R &D capital of the world and no one else is even close. That being said, if the recession is bad enough, we could be headed for a worldwide depression and all the fun that brings.

What will trigger said recession? Even in past recessions, there is a debate over what actually caused them. A temporary surge in unemployment and/or the collapse of several large corporations in a short period of time could be triggers of a recession in our currrent environment. There are so many possibilities.

I think a big recession is inevitable given our current course. The government can prevent this, by dealing with the root cause: out of control corporations. I really wish people would drop the gold standard debate because it has nothing to do with the current state of the economy. Publically traded companies (and the larger private companies) get billions upon billions in gifts of various kinds (tax breaks, etc) from the government but they are ineffectively regulated. American corporations are now unwilling to provide a living wage to their lowest rung workers. Not because they don't have enough money. The executives of these corporations suck up all the wealth. There is no limit to how much they will pay themselves, because there are no rules that bind them. CEOs and board members are in collusion. CEOs kick back a significant portion of their hefty 'bonuses' to the board. So the board and executives work together to pillage the till, and refuse to pay health insurance for the commoner. Perhaps the worst part of all this is that such execs have no vision and are not interested in product quality, and also make large cutbacks to R&D, the life's blood of the USA. They only want money. They don't care if they are doing a good job or not.

So that is why the gold standard is irrelevant. There is enough money out there. It is just not being effectively distributed. When the private sector is healthy, the government sector follows suit. Then all the currency and trade issues will be taken care of.

The corporate madness seems to have gotten worse within the last few years. Watch out for more high profile corporate meltdowns soon; some of which will be big shockers. I would hate to be right, but this is what I see fast approaching on the horizon unless the politicians wake up and make sweeping changes.