Can the World Survive US Downturn?

The article is hyperbole.


Downturns in the US market are part of our system. We have natural adjustments from time to time as growth can only go so high. making claims of economic "convulsions" and "wealth destruction" only serve to fear monger where none is needed.

 

The same questions were asked in 1973, and 1979-80.

 

Rev 18:11

And the merchants of the earth shall weep and mourn over her; for no man buyeth their merchandise any more:

 

Maybe you should reread my post. the you will not be inclined to ask silly questions.

 

This quote from the article must be answered in the affirmative (most emphatically) if the liberals (no matter the party label) get control of our government.

Unfortunately this is looking very probable or even likely.

 

No.....it doesn't. I pulled some fo the incorrect characterizations of our economy right out of the article. And put light on their incorrect usage. But then of course I said something you did not want to hear.:thumbs:

 

The world willl survive. The old rich will do fine. The new rich will become middle class. The middle class will become the new working poor. The poor will die. In other words, nothing new.