Is anyone else worried about the consequences, for North Ammerican and European society, of Bank (the world banking eco-system), funnelling capital and jobs to the asian economies?

I think all wages will eventually trend towards $100/hr. But that's a lot of inflation for the future. What exactly are you trying to say?

$10/hr? ha I should be so lucky to make that much!

A financial columnist in my local paper was asked a similar question, about how to protect from the damage inevitably caused by out-of-control deficits.

The columnist replied that there are 3 stages of collapse to be expected. The first stage is what we are experiencing now: economic stagnation and a slow but steady decline in wages and standard of living. The second stage is an accelerated loss of standard of living. The third stage is all-out economic collapse.

This biggest reason this is a worry is because the majority of Americans, the Republicans, are now in their ignorance demanding this loss of living standard. Of course the elite will be happy to take it off their hands, so there is little doubt that it will happen as soon as possible.

If you choose to stay in the US there is only so much you can do to protect yourself; ultimately you must prepare to make do with less or work more.

Ah! ten bucks an hour, with a loaf of bread costing a bit over five. I can barely survive now with 13bucks an hour, I rarely indulge in anything other than food, bills, and more bills.

G.

This biggest reason this is a worry is because the majority of Americans, the Republicans, are now in their ignorance demanding this loss of living standard. Of course the elite will be happy to take it off their hands, so there is little doubt that it will happen as soon as possible.

Everyone worries about the future. I would say the greatest cause for concern is the ever growing welfare state which eats away at our economic strength as it strangles business with regulations and taxes. Each new regulation and tax pushes more and more business out of the US. It's ironic that the left is always calling for more and more regulations and taxes, but is the first to complain when businesses move out of the country to escape their looting. You want to prevent outsourcing? Lower taxes, maintain order, and cut regulations.

The left is obviously more fiscally responsible than the right. It does no good to lower taxes such that tax revenue is less than you spend. It does no good to ruin future prospects for profit today. You've been brainwashed.

A financial columnist in my local paper was asked a similar question, about how to protect from the damage inevitably caused by out-of-control deficits.

The columnist replied that there are 3 stages of collapse to be expected. The first stage is what we are experiencing now: economic stagnation and a slow but steady decline in wages and standard of living. The second stage is an accelerated loss of standard of living. The third stage is all-out economic collapse.

This biggest reason this is a worry is because the majority of Americans, the Republicans, are now in their ignorance demanding this loss of living standard. Of course the elite will be happy to take it off their hands, so there is little doubt that it will happen as soon as possible.

If you choose to stay in the US there is only so much you can do to protect yourself; ultimately you must prepare to make do with less or work more.
Huuum.... this is interesting..... I have been working on a new economic system that prevents this kind of stuff to happen. Before doing that, I wrote some stuff about the present economic system. So I might as well reveal that little part.....
The Implications of High Living Standards (http://www.sciforums.com/showthread.php?p=760216#post760216)

Everyone worries about the future. I would say the greatest cause for concern is the ever growing welfare state which eats away at our economic strength as it strangles business with regulations and taxes. Each new regulation and tax pushes more and more business out of the US. It's ironic that the left is always calling for more and more regulations and taxes, but is the first to complain when businesses move out of the country to escape their looting. You want to prevent outsourcing? Lower taxes, maintain order, and cut regulations.

This is exactly why Ayn Rand believe in seperation of State & economics;
Under Randian capitalism, which historically has never existed, there is a complete separation of state and economics. Men deal with each other voluntarily by individual choice and free trade to their mutual benefit. The profit motive is just and moral. Profit is made through moral virtue and measures the creation of wealth by the profit-earner. The market price is objectively determined in the free market and represents the lowest price a buyer can find and the highest price a seller can obtain. Freedom guarantees that both parties will benefit – no one is willing to enter into a one-sided bargain to his detriment. http://www.quebecoislibre.org/younkins17.htm

Godless.

Wouldn't it be ironic if freedom destroys the American dream. We have forgotten the law of supply and demand. We entered into free trade agreements with nations whose work force will work for peanut wages and zero benefits. We've entered into freetrade agreements with nation who have vast work forces and did we expect the wages to increase....The law of supply and demand dictates that as we open up and allow vast amounts of worker to flood the market the price will drop. Dividends may increase for awhile but eventually they will drop off too and the market will feel the pangs of the distress they have created.

Wouldn't it be ironic if freedom destroys the American dream. We have forgotten the law of supply and demand. We entered into free trade agreements with nations whose work force will work for peanut wages and zero benefits. We've entered into freetrade agreements with nation who have vast work forces and did we expect the wages to increase....The law of supply and demand dictates that as we open up and allow vast amounts of worker to flood the market the price will drop. Dividends may increase for awhile but eventually they will drop off too and the market will feel the pangs of the distress they have created.

The problem is that freedom, does not come for "free". There's a price to be paid for it. What we are paying for now is our own ingnorance of pasts events. These international markets if the seperation of state and economics were stablished, this would have opened & developed world markets since the building of the rail-roads in the US. Thus today it would have been a totally different world one of which I couldn't even begin to fathom, what kinds of goods might have been produced. The state stagnates economic growth and development, this statement comes from knowing the history of economic growth in America.



click (http://www.neo-tech.com/finalevo/evo-008.html)


link (http://www.booneshares.com/JayGould.htm)

Thus if left alone these kind of men would have built a kind of future "unfortuanately" that we canot experience today, because of the statist zeal of control over others, and corrupted mentalities.

Godless.