When will the U.S. economy collapse?

[Lafayette]

By what measure?

Well, if you use government doctored statistics, no.

Recessions and depressions are measured in negative GDP growth, government spending is factored in as part of GDP.
Take away the Trillions worth of spending, then yes we are in a depression.

You also cannot forget the way employment numbers are calculated today, if you used the same formulas they did during the 1930's we have great depression level unemployment as well. You just don't see the bread lines because they come in the form of 43 million Americans on food stamps.

 

[AFPVet]

Pig farmers live like kings in barter town.

Some farmers are doing ok... my extended family farms... still, they don't live like "kings" per say. The fuel, food, and other overhead costs are looming over mid-sized farming companies like my cousins.

 

[Bordillo]

the economy collapsed in 1929 and still has yet to recover. Every value is so distorted now adays that it is hard to gauge what the actual value of any economy is. I can say though, as long as people are willing to buy shit, people will always sell shit.

 

[DamianTV]

the economy collapsed in 1929 and still has yet to recover. Every value is so distorted now adays that it is hard to gauge what the actual value of any economy is. I can say though, as long as people are willing to buy shit, people will always sell shit.

That only happens when people have money. Well, at least from the perspective of the Economy. If people have No Money, people have no way to buy shit even as much as they want it. When people start Bartering for shit, those figures arent calculated inot the Economy. Now, if they really want to collapse the economy, Banks just stop loaning to ANYONE. It all goes south from there, and from various news reports, probably less than a year, and we might see something this month (Oct 2011).

 

[Lafayette]

Some farmers are doing ok... my extended family farms... still, they don't live like "kings" per say. The fuel, food, and other overhead costs are looming over mid-sized farming companies like my cousins.

It was a mad max reference, you mentioned road warrior

 

[Travlyr]

The "collapse" has been predicted practically since the dollar was created.

The dollar has lost more than 95% of its purchasing power since 1913. Is that not a collapse?

 

[Xenophage]

I kinda thought the American economy had been collapsing steadily for about 50 years.

There will not be a single day of collapse. You won't wake up one morning, look out your window and say "Well, the economy finally collapsed."

It's a gradual decline, marked by many individual events of significance.

 

[pcosmar]

I kinda thought the American economy had been collapsing steadily for about 50 years.

There will not be a single day of collapse. You won't wake up one morning, look out your window and say "Well, the economy finally collapsed."

It's a gradual decline, marked by many individual events of significance.

Couple correct posts about the long term collapse.
I think the OP was referring to a market or stock market crash. The end of the Dollar as a world currency.

the BigBaddaBoom

 

[RDM]

It's like this. If Ron Paul is elected, the collapse can be averted. If not, I believe it will be sometime in the fall months of 2012.

 

[Seraphim]

In the case of the USD, more importantly, any GLOBAL standard of international exchange doesn't usually last more then 30-40 years.

Tick tick tick.

The collapse will happen because of a currency crisis. Unfortunately, Austrian Economics can't predict when a currency collapse will happen, only that it will happen eventually. But I don't think it could possibly make it more than 10 more years. In fact, no fiat currency has lasted more than 50 years and we're at year 40 right now.

 

[Kodaddy]

When will it collapse?

Tomorrow....are you prepared for it?

 

[Liberty74]

It's very hard to say when the economy will collapse because we propped up so many companies and banks (here and abroad) via the Treasury and the secretive Federal Reserve. Europe is still propping up countries like Greece for a pathetic third time. Italy is begging China to step in to save them.

Eventually the house of cards will collapse because of economic rules and laws. It's elementary math that piling on debt on top of debt does not work. You can also only tax and borrow so much money until there is nothing left to tax without discouraging production and no one to borrow from.

It's my belief that once Greece goes, a domino affect in Europe will happen to Spain, Portugal, Italy, France, U.K., Ireland, etc. then a massive title wave will hit America. It will be ugly when it all goes down making 2008 look like a hiccup.

I am hesitant to give a particular time frame. But I'll go out on a limb and guess sooner than later...