Is US in for lost decade(s)?

[Nefarious]

None of this matters in the long term picture. Within a few hundred years the earth will either be a single global nation or it will be destroyed by our conflicts.

That is only what they want you to believe. Global Government = Global Enslavement.

[Simaril]

Another huge difference is (economically) structural.

The Japanese banking system has been protected from the consequences of bad loans to such a degree that almost no bank goes out of business, no matter how badly it does - or how much of its "assets" are actually uncollectably bad loans. This has led to an gaggle of "zombie banks" that ought to be dead but keep on existing - and in the process keep on dragging money from the government that could be better used elsewhere.

That so far endless problem has been a major drain on growth and the economy in general.

Second problem - the Japanese government has such a MASSIVE tradition of pork barrel public work projects that it makes the US Congress look like rank amateurs. Another drag on the economy, that takes tax dollars from everyone and mostly benefits the insiders who get the contracts.

[Penguin]

That is only what they want you to believe. Global Government = Global Enslavement.

I'd love to meet this 'they'.  The width, as opposed to the depth (which at extremes can), of government does not hinder its function.

-Penguin

P.S. IN

[Sundowner]

I'd love to meet this 'they'.  The width, as opposed to the depth (which at extremes can), of government does not hinder its function.

-Penguin

P.S. IN

I think the house rules forbid us from introducing you to 'they'.  

I therefore abide the rules...

Sun
IBFTL
Pity too, could have been a cool thread

[Nefarious]

I'd love to meet this 'they'.

The way things are heading, you might your shot... Literally. 

[fbWldcat]

Is the U.S. going.. What is the term from "With the Old Breed?" Asiatic?

[zack1234]

Initially when you are forced to sell at a lower price, your cost have not reduced. This means less cash and a slowdown in manufacture.

Slow down in manufacturing then causes shortage and .... price rise. Anyone getting seasick

If the economy slows down people are made unemployed so prices have no relevance, you can't buy goods at a higher price if you have no money
In the UK we manufacture nothing anyway except potatoes.
The Germans still have a manufacturing base and when this is reduced due to the global economic climate (caused by free unrestricted credit) we best dust of our spitfires 

[Eagler]

this will all shake out when the US becomes the old India / China and the rest of the world exports their jobs to us.
We'll be riding bikes, living in gov housing & speak spanish but we'll have < minimum wage factory jobs but what the heck - it was good while it lasted.

[Simaril]

this will all shake out when the US becomes the old India / China and the rest of the world exports their jobs to us.
We'll be riding bikes, living in gov housing & speak spanish but we'll have < minimum wage factory jobs but what the heck - it was good while it lasted.

Nah.

At worst - try like England. Human capital (education, skills) and infrastructure will keep us in the game. We just won't be the 800 pound gorilla everybody defers to.