Do you think America will ever recover from this financial crisis or simply die into a third world country?

I've been freaking about the economy lately cause of stocks and the debt. They claim unemployment is downa nd jobs are out there...WHERE ITS BULL CRAP!!!I scared cause i suppose to be going to college in the Fall, but idk, whats the point if the country is broke :((Do you think America will ever recover from this financial crisis or simply die into a third world country?
Do a little actual research. It's not "BULL CRAP". The economy is improving. GDP has been growing for almost two years and is at an all- time high -- notwithstanding the fact that you (and most of the rest of us) wish it were growing faster.
no worries. when the governments stop messing with the natural flow of the economy and let huge money eating giants die (GM IM LOOKING AT YOU), things will return to a nice place and restart growing. if the government would leave stuff alone, it would survive. this whole thing would have never even started to look like a depression.



as for your schooling, if you know what you want to do and it doesn't really involve college, just go get the job and skip school for a while. you can always go back later if you really want to. and even if the job you want does involve college, id say you should just go for it. you just need to find something you like to do.Do you think America will ever recover from this financial crisis or simply die into a third world country?
You need to do what's best for yourself first. Pick a major that will be in demand in the foreseeable future that you are happy with and stick to it. As to the economy, our debt is so great and our 2 main expenditures (social security and military) are so high that only a radical transformation in the American psyche will pull us out of this. Basically, we have to stop policing the world, privatize social security, tell the Government to stop SPENDING and quit feeding the "entitled class" mentality. People need to go to work and not expect a handout from taxpayers. Unfortunately, we taxpayers will probably still end up paying more taxes to pay the debt off, EVEN if all the above things are done. Fat chance. I love what this country used to be but it will be an enormous uphill battle to get us out of this spiral.
Wish there was a simple answer...BUT NOT!!!!!!

Maybe if America stopped getting involved in all the WAR MONGERING and just focused on their own citizens, the economy, health care and education, things would change. The American Debit is so HIGH!!!! that it is scary!!!...The fact that the Canadian Dollar is worth more than the American Dollar, says it all.....It costs a lot to be the "Super Power of the World" Meanwhile the citizens of the USA deal with poverty, floods, tornadoes and all the $$$$$$$$$$ that go to other countries, to try to keep up the "SUPER POWER IMAGE"..........Glad I live in Canada, Free health care, decent jobs, and I can go across the border to buy lots of cheap stuff for my very high valued Canadian Dollar......Hope things get better soon for my American friendsDo you think America will ever recover from this financial crisis or simply die into a third world country?
its already coming back. it never has been broke. thats just the government and the republicans saying stuff. everythings coming back and if you look at the stocks its doing pretty decent. go to collage. find a good major that has good jobs and you like it. and a third world country is one that hasn't been developed yet. america has already been developed so it is impossible for it to become that.
not really possible to recover like in the past. this recession is different because of the massive debt.

This is not only in the US, but world wide. Soverign debit is so great.

The US cant even pay back the interest on debt. they have to borrow money to do that . so the big internation banks are making . while the tax payer is paying for it.

it is like

you borrow $5.00 from a friend, you promise to pay him back on Friday. but you spent all your moey and do not have the $5.00 to pay him back, so you ask him can I borrow $10.00 so i can pay you the $5.00 back

now you owe him $10.00 The worlds economy will collapse with in 3-4 years.

The worls will then go to a One world currency. and a one world government. run by the rich.
The economy is cyclical. All recessions and depressions have been followed by boom times.



Why would this recession be different?



You must expect a period ahead, when jobs will be available for those who have the education and training to fill them.
You still have a lot to learn.
No. The end of the USA is yet to come. Look USA printed a lot of worthless money, with no gold standard. Imagine just going to a factory and printing billions of dollars when you need it for wars blah and blah.

1. Dollar currency has long been in use when the USA started doing this so other corporations, producers(whoever that has a market), governments depended on it. So this dollar had a lot of liquidity.

2. Which means people couldn't freely switch to other currencies because a dollar bill with a worth of zilch realized its value through this circulation. People sold things and got their payments in dollars.

3. Why not keep using dollar this way? Because then the USA would tyrannize the world even more. Imagine a country constantly waging wars on others to get their resources, overthrow their socialist or blah blah governments (governments which do not agree to privatizing their resources and letting monopolies dominate are targeted in this name-calling procedure)

The USA constantly getting richer with no work done and other countries putting real work and value in the market.

4. So China -to you China is your end but to many countries around the world China is some savior-

started secretly converting its money to Yuans in Europe and all, getting rid of the dollar without loss. (buying is another option too) And China got rid of half of its dollar reserve.

5. So in some future I cannot predict, capitalists will have to start using Yuan if they want to continue to profit.

6. That's why the USA is madder than ever, messing up North Africa, the Middle East. It's like a savage beast before its death.

And one more thing, it was a crisis only for you, it was never a crisis for Fed Bank and the Lehman Bros after whose bankruptcy somehow the lost 750 billion ended up in few people's pockets.

Crises are when money changes hand. Lehmann Brothers robbed your people and your government allowed it.

Wake up.