12-06-2008, 08:34 PM
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->So the entire financial gains from colonialism have been wiped away and only the brazen land grabs are more permanent . Is that right. Please ask him to provide full details. <!--QuoteEnd--><!--QuoteEEnd-->
No, this is commie view point who are thinking end of capitalism.
Major losers are Arab, China and EU who had heavily invested in US after 1997 boom and bust and again after 9/11.. They had invested in houses, buildings, consumer stores etc. Building, goods are still in US but only old owners have declared bankruptcy, so investors lost their money but US banks can resell them. And they will with cheaper rate. Every Jack and Harry in poor neighborhood watch NFL on 56" plasma TV which he bought paying Zero down payment and sit on sofa which he bought paying zero down payment, his actual payment just started and he had already declared bankruptcy, now house where he is sitting and watching NFL is up for foreclosure so he is removing every single copper and fitting and even toilets for his bar visit.
Gas price is down, which it self will kick start economy from small low paying jobs to higher up. Salaries will be realistic. But I don't see major change. Those who are taking bailout have to follow restrictions that they can't outsource job, and they should create job in US. Automobile Industries who were planning to open factories in China or India have to wait, because bail out money is not for China or Indian workers. Unions are already renegotiating new terms but I have little hope there because they elected Obama, with democrats control Congress and President but Senate is still open for boxing match.
US is replacing its population, they are in no danger. They are still attracting best and brightest of world. This is just a correction of over heated which became corrupt.
In my area, people are still buying 10-15 million dollar houses and prices had gone up 4% in last 2 month. Yes, rich guys stock money is back in house and in place of keeping money in bank, how about having expensive house not one but two in same town. I still hope price in my area should slide back, but this place makes millionaires in much higher rate then any place on earth. <!--emo&
--><img src='style_emoticons/<#EMO_DIR#>/sad.gif' border='0' style='vertical-align:middle' alt='sad.gif' /><!--endemo-->
No, this is commie view point who are thinking end of capitalism.
Major losers are Arab, China and EU who had heavily invested in US after 1997 boom and bust and again after 9/11.. They had invested in houses, buildings, consumer stores etc. Building, goods are still in US but only old owners have declared bankruptcy, so investors lost their money but US banks can resell them. And they will with cheaper rate. Every Jack and Harry in poor neighborhood watch NFL on 56" plasma TV which he bought paying Zero down payment and sit on sofa which he bought paying zero down payment, his actual payment just started and he had already declared bankruptcy, now house where he is sitting and watching NFL is up for foreclosure so he is removing every single copper and fitting and even toilets for his bar visit.
Gas price is down, which it self will kick start economy from small low paying jobs to higher up. Salaries will be realistic. But I don't see major change. Those who are taking bailout have to follow restrictions that they can't outsource job, and they should create job in US. Automobile Industries who were planning to open factories in China or India have to wait, because bail out money is not for China or Indian workers. Unions are already renegotiating new terms but I have little hope there because they elected Obama, with democrats control Congress and President but Senate is still open for boxing match.
US is replacing its population, they are in no danger. They are still attracting best and brightest of world. This is just a correction of over heated which became corrupt.
In my area, people are still buying 10-15 million dollar houses and prices had gone up 4% in last 2 month. Yes, rich guys stock money is back in house and in place of keeping money in bank, how about having expensive house not one but two in same town. I still hope price in my area should slide back, but this place makes millionaires in much higher rate then any place on earth. <!--emo&
--><img src='style_emoticons/<#EMO_DIR#>/sad.gif' border='0' style='vertical-align:middle' alt='sad.gif' /><!--endemo-->