US's economy has fully recovered?

But there is nothing dire in that document and it doesn't say what you think says.-damn minor details again.

 

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I don't think our economy is going to 'collapse'.

The North Korean "economy" didn't 'collapse'. Sure, people there got used to (on occasion) having to murder and eat their own children to survive. But, in time, they normalized and continue to support their political "servants". They have their flag wavers, we have ours.


The US economy isn't going to 'collapse'. Americans will simply normalize to living less prosperous and, actually, already have. Sure, we don't eat our children, that'd be barbaric. No, we instead sell debt on their future labor. We put infants (3 weeks old) into State licensed day supervision centers where they bond with various 'caregivers' who generally leave after 18 months such that the mind-f*ck these kids get leads many to develop maternal/paternal bonding issues for which they're given various State regulated SSRI's and other anti-psychotics all proven to have no long-term efficacy. From their we shovel them into "free" Government School where they're subjected to 12 years of State regulated Common Core only to graduate functionally illiterate into a hyper-regulated market barely fit to work at State regulated fast-food restaurants or as greeters in State regulated chain-stores: totally inept, weak, pathetic and utterly dependent on the power structures that maintain their pathetic existence - AKA: The Economy.

A few will attempt to step out of line. They'll be sent to join the largest prison population in the history of humanity.
A few will fulfill their destiny as cannon fodder in another made up war on something: drugs, literacy*, brown people, yellow people, Russians, Muslims, whatever.

Most will just get used to living poorly as hyper-regulated Citizens of/property of the State in our little tax-pen called the USA... all while waving their flags and watching people get kicked in the balls in the new reality video meme show.

What won't happen is: The collapse of the USA economy. That happened, decades ago.

 

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You are not the world and thank God for that.

 

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Yes, the facts are very straight forward, but you obviously don't understand them. For example, a diminishing workforce participation rate doesn't mean the workforce is shrinking, because it isn't. It is growing.The federal deficits are shrinking. Deficits spiked during the recession. That is normal and good. Now that we are out of recession, the deficits are falling. US debt levels are low compared to those of other advanced economies and US tax rates are low, and the US economy is growing. US debt levels were much higher in the past. The US debt situation is by no means dire. That isn't the narrative you want, but it is the truth.

 

I will take your prediction with all the seriousness I have taken every other dire prediction here. Your track record, I suspect, will be exactly the same as theirs.

You'd do very well as a reporter for FOX News here in the US. You have that rare ability to insert the party line into any discussion.

 

Youreyes has many errors, unsupported claims, but just may have a point. "The trend is your friend" (unless your assets are in dollars.)

Likewise any thing put out by this sources, a "perma gold bug," must be taken with a grain of salt, but only a grain as the above trends and facts are true, AFAIK.
If I recall correctly*, China already has "currency swap" agreements with 23 nations, Japan, India, Brazil, the SEATO nations etc. not only small ones, and is working on one with the EU. They end the use of the dollar for trade settlements. More of concern (to dollar holders) is the recent (in 2014) very high level discussion between China and Saudi Arabia that have taken place both in Beijing and Ryadh by the oil ministers.

Under Nixon, when US was the major buyer of Saudi Oil and the main supplier of weapons to Saudi Arabia, the "petrodollar system" was established. Now China is both the main buyer of Saudi oil and supplier of weapon system - Quite likely these high level discussion are discussing replacing the petrodollar with the petroyuan. More on this, including photos of the high level oil minister's meeting and one important weapon system the US refused to sell to the Saudis, but China gladly sold them many at: http://www.sciforums.com/showthread...inian-Events&p=3210007&viewfull=1#post3210007

Also note that China is opening, in London and Frankfurt, yuan exchange banks (One is now open, but I forget which) I.e. you enter with your pounds or euro and get yuan credit in their Chinese banks. No need for dollars by buyers of Chinese products in most of Europe before end of 2014.

* later by edit: My memory was correct:

 

New York Times: The Typical Household, Now Worth a Third Less

Welcome to 100 years of Central Banking. To 80 years of Progressive Socialism. To going on 10 years of "The Great Recovery" thanks to our National Heros like Bush Junior, O-blah-ma, Alan Animal Spirits Greenspan, HelicoptorBen, or Ol' Yeller.

Welcome to losing your right to trade/interact with other free adults using law, sound money, contract, and private property. Nope, you'll need to ask Nanny State for permission. It knows what's good for you. Welcome to being spied on by the NSA - in a manner only Orwell would have predicted. Welcome to the country with the most laws and regulations in the world. In the history of the world actually. Where your healthcare is just as likely to kill you as save you. Where over a decade of Government Schooling results in graduates who are functionally illiterate. Where the State makes up phony reasons to go to war, kills women and children, including an innocent American child in Yemen. What happens? O-blah-ma is cheered by his fellow Merkans for keeping us 'safe' and murdering a child.


Welcome to Progressive Amoorikkka.
Where 80 years of Socialism have reduced Americas from the wealthiest nation in history, to one where 23% of children are living in poverty; their parents totally dependent upon the State. Which is exactly where Politicians like them to be - utterly dependent on the State for their survival. Where they rot in poverty unable to read and comprehend the voting ledger they're supposed to use to 'guide' our Great Republic into the future. And if they could? Sorry, the State's already filled it's licence quota. Your role is that of dependent weak but disgruntled voter. Just keep voting. More regulation. More State. More spying. More restrictions. Maybe if you're a good little chattel, you'll be a slum-lord like you've always dreamt of becoming. Or retire from one of the TBTF banks or car factories?

Moo moo moo little Amoorikkkan, if you act really good you might even get a POTUS who's husband shoves cigars into his interns while eating pizza. Yes, a true Progressive 'Feminist' - that'll fix everything.

 

Market Watch interviews Greenspan

Greenspan says bubbles can’t be stopped without ‘crunch’
Former Fed chairman worries about false dawns and the looming Fed exit

Hey looky Joe, there's your Economic "Science". Animal spirits. It all boils down to some dumb-arse and 'Animal Spirits'. What a f*cking JOKE. And you people WANT these morons to run a Central Bank that can sell debt obligations on your children's future labor? That can finance phony wars? That bails out the criminal banks? You WANT the State to regulate your lives? THIS is what your regulators think. They think the market has these "Animal Spirits" that need to controlled, licensed, certified, directed and managed BY THEM and FOR THEIR BENEFIT.

Your Farmer's are Statheist idiots and you're their superstitious State worshiping Tax Chattel. In reality, at the end of the day, you're just their meat and milk. That's all you are to them. Sold to slaughter as cannon fodder when there's to many of you. And when the herd run thin - they simply import some chattel from a neighboring Tax-Farm.

 

So all this because you don't like a term? This might be news to you, but humans are animals. They are slaves to their emotions - some more than others.