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Boomers have driven
our consumer based economy. They are scared now. But
boomers are the most entitlement-based generation
ever and just don't stay spooked very long. They
believe to the core of their beings that they
deserve more than their parents, that next year will
be better than this year, that salaries always
increase, real estate always appreciates, stocks
always go up, etc. |
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Sure, there are
occasional setbacks such as Black Fridays, dot com
busts, etc, but things always rebound and always
wind up leaving them richer. They believe this to
their cores. We haven't yet suffered enough of a
crash to disrupt that belief. But we could. We
certainly could. |
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Things could get
worse than during the Great Depression. Bad times
could last much longer, be much deeper. This isn't
the 1930s. This time our government isn't going into
things debt-free. |
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This time the
government has racked up a public debt so huge it
beggars the imagination. We already owe more as a
country than we can ever repay and the current
administration is piling record debts on top of
that. |
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This time we can't
count on Tojo to bomb Pearl Harbor and pull us out
of the economic doldrums with a good old-fashioned
war to soak up surplus labor and get industry
cranking at full output. |
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This could be the
beginnings of a permanent decline. America may have
already had its day in the sun. The barbarians are
at the gates. Already 22 million of them have
sneaked across our border. The lunatics are running
the asylum in Washington. We are so screwed. |
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Submitted Anonymously |