Discussions

Looking for what people think about what they are seeing happening in the US. Crashing of banks, other countries stopping the use of US dollars (example: Kenya). The train derailment of that toxins. The issues in Oregon with the homelessness and drugs….etc etc etc… anyone worried how it will effect our economy here?

Google "Camels are on the horizon story" and you will get a clear picture of what is happening. Don't think of this as a USA problem as Canada is right in the mix too. Here is a quote from that story;  
 
“Hard times create strong men, strong men create easy times. Easy times create weak men,  
weak men create difficult times. Many will not understand it, but you have to raise warriors, not parasites."  
 
Trust me, Canada is as full of parasites as the USA is.

No big deal. Just the world spinning forwards as it has always done. People thought the world had gone to hell in the 60’s with the hippie generation. Trains have always derailed and there’s always been homelessness. It’s just been magnified a thousand times with social media.

Simple minded... it goes deeper than you think

 
 
Edited by AL, 2023-04-13 13:40:31

Talk about having your head in the sand!

My friend, you are a poor student of history! For as least as long as there's been writing, we've been writing about the end of the word, the corruption of politics, the debauchery of youth, bad customer service, and other very modern problems.  
 
You can argue they were right - none of those ancient civilizations exist anymore. Our civilization will eventually end too, but humanity will continue.  
 
I hope. Nowadays, we legitimately have the power to destroy humanity. At the very least, we will collapse society, but that's just what happens.

Those are interesting examples to choose. Bank failures in the US are nothing new. They've come in waves, and 2023 is so far not a bad year at all. As another poster said, train derailments happen too. Homelessness is an ongoing issue just about everywhere. As are drugs.  
 
I am much more concerned about the legislative attacks on human rights in some US states, and the lack of ability to deal with some clear issues around access to firearms. It's also absurd that a country like the US has one of the worst social security regimes (meaning healthcare, social services, financial supports, equal access to quality education, etc.) of any developed country, and as a result is seeing declines in health, education and life expectancy.  
 
It's not the US economy that worries me, it's how their society is so fractured and their governments (states and federal) so focused on the wrong things. What is especially worrisome is seeing that mindset creep into Canada.  
 
Edited by JosephC, 2023-04-13 20:39:42

Read what I had quoted.... "no big deal" this person believes ahhh social media is blowing this out of proportion, when in reality we're screwed. Been over. 100 years since the US Dollar has been challenged and threatened like it is now. And this time it's happening right under everyone's nose. The people who think it's being blown out of proportion are the ones who are gonna be crying the most when it happens. Asking themselves well why weren't we warned. If the US dollar collapses both the US and Canadian dollars will become worthless.  
 
And your last paragraph statement agrees with my point.

Are you out of food? Is there no oxygen for you to breathe? Is the sky falling? Maybe a positive look at things will fix up your day instead of preaching doomsday. Believe it or not you won’t be around forever. Don’t worry Be happy. It’s just the arrow of time we are all following. No one said it would be a perfect world.

Americans are the architects of their own destruction and they are blissfully unaware of how foolish they look to the rest of the world.  
Although closely tied to the US , Canada has the advantage of close relationships with Europe, the UK and its commonwealth along with many other countries. It is these relationships that must be nurtured and built upon as the US potentially sinks into the abyss. We can’t prevent that happening but we can control our own future and behaviour.

The fact that you think we aren’t sinking into an “abyss” then you are delusional. Our country is sinking just as fast with inflation, carbon tax, censorship bills and much much more.

1.) I'll be perfectly honest and say I don't entirely understand the inflationary situation that we are living through. But I am comforted by the fact that very few others do either. Unlike those people, I know better than to just pick whatever world leader happens to be applicable (where do you live) in order to answer this question.  
 
a.) I know that wars cost money and drive up oil prices. Kind of a good deal if you are part of nu-opec.  
 
b.) the price of oil has been though the roof despite calls to raise supply. A call that is being ignored by the private oil barons of the world (aka Oil companies) because, shockingly, it's better for the shareholders to keep pushing that supply down whilst we keep paying though the nose for the supply.  
 
c.) Speaking of c-suite folk, corporations are generally doing VERY good despite seemingly exaggerated inflation. Record profits, often times.  
 
Are they really just passing the buck to us? Or is something about this story just a little fishy?  
 
d.) Speaking of the supply lines and supply chain, logistics has become insanely expensive in the post-pandemic era just as the economy came roaring back. Another oh-so-corporate coincidence?  
 
e.) Millions of people died due to the virus. That at least theoretically likely will crunch the available labor pool irreversibly.  
 
Many people got sick of just taking it for very little and gave their old positions the middle finger. Though this may in fact slowly figure itself out, don't hold your breath.  
 
f.) As for the failure of the Banks (aka SVB, Signature), it was largely a component of their own doing. They set themselves up to be swamped by a bank run by overly investing in long term bonds that are only profitable if you hold them for their entire 3 or 5 year duration.  
 
Unlike in 2008, the big banks seem less prone to failure since the feds are actively regulating them so as to not allow them to go the way of Lehman Brothers. Since SVB and Signature were well below the 300 billion dollar regulation threshold, however, they were largely under the radar and left to their own devices.  
 
And who would have thought . . . economic fate came knocking.  
 
2.) BC has had a carbon tax for the better part of a decade. Provinces that were not led by conservative leaders figured this out even without the aid of the federal government.  
 
It ain't changing, so get used to it.  
 
3.) Censorship bills . . .  
 
As many areas of the US are actively promoting book bannings, people here are worried about non-existent censorship . . .  
 
May I recommend Rumble and Truth social?

No one is sinking into anything mr doomsday. You sound as bad as those religious fanatics that keep predicting yet another date for the end of the world, Relax and stop fearmongering .

How about you step outside the protective bubble you think you're living in and face the facts. You can't hide in that safety bubble if yours forever. Eventually you have to face reality.

Everyone talks about inflation.  
Inflation is nothing new, it is an economic cycle, painful but necessary and for many unfortunate . The truth is Most of us have been living beyond our means for a lot of years now and inflation along with higher interest rates will check that overspend.  
The problem with inflation and interest rates is that people forgot about it. It’s largely skipped a couple of generations so now it’s a shock.