Economic future of the US?

[Michigan11]

These are relatively calm times we are experiencing, compared to what should be occuring. I believe we are in the calm before the storm that is to come.

People are comparing our current economic mess, to the 70's or the 30's!

The problem with this comparison, is that we actually produced things back then.

Maybe I'm wrong, but I see the economy in this country falling down a flight of stairs one step at a time.

Am I missing something, or does anybody have a more positive view on the economy, short term or long term?

Just bought another 10 oz. of silver for $203 and 1/4 oz. Gold AE for $254 from a local coin dealer.

 

[Dr.3D]

IMO, I'm sorry to say, you have pretty much hit the nail on the head.

 

[travisAlbert]

I love Stagflation

 

[Libertytree]

The other glaring point that most miss is that during the 30's a lot of people were still based in agriculture or had family that either had farms or knew how to raise food to live on. As stated, we also had an industrial base that at least allowed us to produce manufactured items. The base of both of those two major factors no longer exist, we are a nation of service jobs and consumers. In either case there was a major difference between the 30's to the 70's and the 70's to now, with both bases diminishing at alarming rates.

The majority of people are lost if the grocery store shelves are empty and panic soon follows, just watch people before a snow storm or hurricane. The vast majority of Americans have no idea of what rough times are, not a clue! Calamity is just a glitch away, be it purely economical or fuel driven or a mixture of both we have set ourselves up for the mother of all depressions.

 

[CitizenPlain]

I compare to stairs too!

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[Paulitician]

Short term it isn't that bad. I've definitely seen the weakness of the economy just going out to the stores, but it's not to the point where people are out in the streets. I don't think it will get that bad, however, we still have a long way to go and I think a lot more people are going to get hurt.