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Third world status in 10 years? I hope not.
The American Society of Civil Engineers now warns that the United States has fallen so far behind in maintaining its public infrastructure roads, bridges, schools, dams that it would take more than $1.5 trillion over five years just to bring it back up to standard. As you can probably guess, Canadas infrastructure problem is not nearly as bad or as costly as the U.S.s. But with far fewer people and companies, the investment opportunities are just as big. According to Canadas 2007 national budget, the government will throw approximately $1,000 per person at the infrastructure problems over the next seven years. Thats $33 billion total. This year 2008 alone the US spent money equal to the gross national product bailing out the banks and insurance companies whey our congressmen keep their retirement accounts. Each time they print that amount of money and borrow it back at prime interest from the Federal Reserve banks they lower the value of the dollar 50% plus they have to pay prime interest on the money. I would call that hyper inflation. In the next five years when the government has to cough up 1.5 trillion to rebuild the infrastructure on top of taking over all the business and home mortgages plus bailing out all the banks they will have to print even more money lowering the value of the dollar below zero. Your wages wont keep up with the deviation of the currency and your standard of living will be so low it might take two wheelbarrow loads of money to buy a loaf of bread. Very soon you wont afford to rent or buy a house and you will take the chip in order to eat. Once you are chipped you will be a slave forever. If a bureaucrat wants to do your wife or take your children you wont protest. The US debt was calculated recently at 7.76 trillion dollars which is one half the Gross National Product (GNP) of last year. Were going down! I got the Euro verses the dollar gadget on my computer and the value of the Euro in relation to the dollar increased two tenths of one percent in one day which means the dollar fell by that amount. OTHER SIDE OF THE PLANET On the other side of the globe Chinas march to become a global economic powerhouse never seems to slow. Think about it. Were talking about a country experiencing an infrastructure boom akin to the reconstruction of Europe after WWII, pouring some $150 billion into development efforts annually, or roughly 9% of Chinas GDP. At the current rate of growth, it would take as little as 10 years for china to build an additional country the size of the United States inside its borders. On the East Coast, shanghai already has more than 4,000 skyscrapers and another 1,000 in blueprint form twice as many as New York City. As a result, China is consuming half of the worlds cement, 40% of its steel and 20% of it copper. Since 2002, China has also accounted for almost all the worlds consumption growth of nickel, and tin, and more than the worlds growth of lead and zinc. The massive consumption doesnt stop there. With huge demand for stainless steel, electrical wire, cable and infrastructure, China is a large net importer of oil, copper, iron, lead, nickel, and zinc, where prices have increased the most, and magnesiumthe third most commonly used structural metal, following steel and aluminum. This means that America is going to have to pay double for these raw materials in order to rebuild its infrastructure and since the value of the dollar is falling it will cost us four times what it does now. As China has continued its explosive growth, the quality of air in the country has paid the price. Rectifying the damage wont come cheap. The cost of Chinas investment for 2006-2010 in cleaning up the countrys air, water and reputation is projected to top $160 billion, according to the China State environmental Protection Agency. And it plans to invest billion more in the coming years. No alternative energy rock will go unturned: nuclear, solar, geothermal, bio-diesel or wind power. In fact, a recent report in the Shanghai Daily stated that the government is considering increasing monies allocated to wind power in order to expand capacity from 5,600 megawatts to 100,000 megawatts by 2020. An in crease in wind power goes hand-in-hand with Chinas ambitious plans to cut its reliance on coal to about 35% of its energy needs by 2050, with primary energy sources such as nuclear, hydro, solar, and wind power accounting for 15%-20%. In only two years America might be like Nazi Germany toward the end of the war when it took a wheelbarrow full of money to buy a loaf of bread. Eventually the government will hold all the mortgages and own all the land. Isnt that Communism? Will we have to take the chip in order to eat? With oil prices near record levels on global supply concerns, some energy analysts have forecast that crude ultimately hit $200 a barrel before all is said and done. Guess what this would do to the US economy? Dont say I didnt warn you. www.GuardDogBooks.com & www.AlaskaPublishing.com |
#2
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Far too many Americans are recently at or below 3rd world standards.
We could be next. The next round of oil speculation and artificial inflation could easily push the $200/barrel mark. Other carbon and nuclear based energy will follow suit, and the Rothschild dynasty will be happy campers, all the way to their offshore bank accounts. ~ BG Hank Kroll wrote: Third world status in 10 years? I hope not. The American Society of Civil Engineers now warns that the United States has fallen so far behind in maintaining its public infrastructure � roads, bridges, schools, dams � that it would take more than $1.5 trillion over five years just to bring it back up to standard. As you can probably guess, Canada�s infrastructure problem is not nearly as bad or as costly as the U.S.�s. But with far fewer people and companies, the investment opportunities are just as big. According to Canada�s 2007 national budget, the government will throw approximately $1,000 per person at the infrastructure problems over the next seven years. That�s $33 billion total.� This year 2008 alone the US spent money equal to � the gross national product bailing out the banks and insurance companies whey our congressmen keep their retirement accounts. Each time they print that amount of money and borrow it back at prime interest from the Federal Reserve banks they lower the value of the dollar 50% plus they have to pay prime interest on the money. I would call that hyper inflation. In the next five years when the government has to cough up 1.5 trillion to rebuild the infrastructure on top of taking over all the business and home mortgages plus bailing out all the banks they will have to print even more money lowering the value of the dollar below zero. Your wages won�t keep up with the deviation of the currency and your standard of living will be so low it might take two wheelbarrow loads of money to buy a loaf of bread. Very soon you won�t afford to rent or buy a house and you will take the chip in order to eat. Once you are chipped you will be a slave forever. If a bureaucrat wants to do your wife or take your children you won�t protest. The US debt was calculated recently at 7.76 trillion dollars which is one half the Gross National Product (GNP) of last year. We�re going down! I got the Euro verses the dollar gadget on my computer and the value of the Euro in relation to the dollar increased two tenths of one percent in one day which means the dollar fell by that amount. OTHER SIDE OF THE PLANET On the other side of the globe China�s march to become a global economic powerhouse never seems to slow. Think about it. We�re talking about a country experiencing an infrastructure boom akin to the reconstruction of Europe after WWII, pouring some $150 billion into development efforts annually, or roughly 9% of China�s GDP. At the current rate of growth, it would take as little as 10 years for china to build an additional country the size of the United States inside its borders. On the East Coast, shanghai already has more than 4,000 skyscrapers and another 1,000 in blueprint form � twice as many as New York City. As a result, China is consuming half of the world�s cement, 40% of its steel and 20% of it copper. Since 2002, China has also accounted for almost all the world�s consumption growth of nickel, and tin, and more than the world�s growth of lead and zinc. The massive consumption doesn�t stop there. With huge demand for stainless steel, electrical wire, cable and infrastructure, China is a large net importer of oil, copper, iron, lead, nickel, and zinc, where prices have increased the most, and magnesium�the third most commonly used structural metal, following steel and aluminum. This means that America is going to have to pay double for these raw materials in order to rebuild its infrastructure and since the value of the dollar is falling it will cost us four times what it does now. As China has continued its explosive growth, the quality of air in the country has paid the price. Rectifying the damage won�t come cheap. The cost of China�s investment for 2006-2010 in cleaning up the country�s air, water and reputation is projected to top $160 billion, according to the China State environmental Protection Agency. And it plans to invest billion more in the coming years. No alternative energy rock will go unturned: nuclear, solar, geothermal, bio-diesel or wind power. In fact, a recent report in the Shanghai Daily stated that the government is considering increasing monies allocated to wind power in order to expand capacity from 5,600 megawatts to 100,000 megawatts by 2020. An in crease in wind power goes hand-in-hand with China�s ambitious plans to cut its reliance on coal to about 35% of its energy needs by 2050, with primary energy sources such as nuclear, hydro, solar, and wind power accounting for 15%-20%. In only two years America might be like Nazi Germany toward the end of the war when it took a wheelbarrow full of money to buy a loaf of bread. Eventually the government will hold all the mortgages and own all the land. Isn�t that Communism? Will we have to take the chip in order to eat? With oil prices near record levels on global supply concerns, some energy analysts have forecast that crude ultimately hit $200 a barrel before all is said and done. Guess what this would do to the US economy? Don�t say I didn�t warn you. www.GuardDogBooks.com & www.AlaskaPublishing.com |
#3
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Thanks to our republican Mafia cabal, spending our hard earned public
loot like a drunken sailor, we're kind of screwed into becoming a 3rd world nation. Now BHO has to find a way to cut federal spending by 25% within his first year. If that doesn't make him dead, then perhaps nothing will. Many states are essentially in bankruptcy failsafe mode as is, looking at their own 25% reductions in spending. ~ BG Hank Kroll wrote: Third world status in 10 years? I hope not. The American Society of Civil Engineers now warns that the United States has fallen so far behind in maintaining its public infrastructure � roads, bridges, schools, dams � that it would take more than $1.5 trillion over five years just to bring it back up to standard. As you can probably guess, Canada�s infrastructure problem is not nearly as bad or as costly as the U.S.�s. But with far fewer people and companies, the investment opportunities are just as big. According to Canada�s 2007 national budget, the government will throw approximately $1,000 per person at the infrastructure problems over the next seven years. That�s $33 billion total.� This year 2008 alone the US spent money equal to � the gross national product bailing out the banks and insurance companies whey our congressmen keep their retirement accounts. Each time they print that amount of money and borrow it back at prime interest from the Federal Reserve banks they lower the value of the dollar 50% plus they have to pay prime interest on the money. I would call that hyper inflation. In the next five years when the government has to cough up 1.5 trillion to rebuild the infrastructure on top of taking over all the business and home mortgages plus bailing out all the banks they will have to print even more money lowering the value of the dollar below zero. Your wages won�t keep up with the deviation of the currency and your standard of living will be so low it might take two wheelbarrow loads of money to buy a loaf of bread. Very soon you won�t afford to rent or buy a house and you will take the chip in order to eat. Once you are chipped you will be a slave forever. If a bureaucrat wants to do your wife or take your children you won�t protest. The US debt was calculated recently at 7.76 trillion dollars which is one half the Gross National Product (GNP) of last year. We�re going down! I got the Euro verses the dollar gadget on my computer and the value of the Euro in relation to the dollar increased two tenths of one percent in one day which means the dollar fell by that amount. OTHER SIDE OF THE PLANET On the other side of the globe China�s march to become a global economic powerhouse never seems to slow. Think about it. We�re talking about a country experiencing an infrastructure boom akin to the reconstruction of Europe after WWII, pouring some $150 billion into development efforts annually, or roughly 9% of China�s GDP. At the current rate of growth, it would take as little as 10 years for china to build an additional country the size of the United States inside its borders. On the East Coast, shanghai already has more than 4,000 skyscrapers and another 1,000 in blueprint form � twice as many as New York City. As a result, China is consuming half of the world�s cement, 40% of its steel and 20% of it copper. Since 2002, China has also accounted for almost all the world�s consumption growth of nickel, and tin, and more than the world�s growth of lead and zinc. The massive consumption doesn�t stop there. With huge demand for stainless steel, electrical wire, cable and infrastructure, China is a large net importer of oil, copper, iron, lead, nickel, and zinc, where prices have increased the most, and magnesium�the third most commonly used structural metal, following steel and aluminum. This means that America is going to have to pay double for these raw materials in order to rebuild its infrastructure and since the value of the dollar is falling it will cost us four times what it does now. As China has continued its explosive growth, the quality of air in the country has paid the price. Rectifying the damage won�t come cheap. The cost of China�s investment for 2006-2010 in cleaning up the country�s air, water and reputation is projected to top $160 billion, according to the China State environmental Protection Agency. And it plans to invest billion more in the coming years. No alternative energy rock will go unturned: nuclear, solar, geothermal, bio-diesel or wind power. In fact, a recent report in the Shanghai Daily stated that the government is considering increasing monies allocated to wind power in order to expand capacity from 5,600 megawatts to 100,000 megawatts by 2020. An in crease in wind power goes hand-in-hand with China�s ambitious plans to cut its reliance on coal to about 35% of its energy needs by 2050, with primary energy sources such as nuclear, hydro, solar, and wind power accounting for 15%-20%. In only two years America might be like Nazi Germany toward the end of the war when it took a wheelbarrow full of money to buy a loaf of bread. Eventually the government will hold all the mortgages and own all the land. Isn�t that Communism? Will we have to take the chip in order to eat? With oil prices near record levels on global supply concerns, some energy analysts have forecast that crude ultimately hit $200 a barrel before all is said and done. Guess what this would do to the US economy? Don�t say I didn�t warn you. www.GuardDogBooks.com & www.AlaskaPublishing.com Our having said multiple times "I told you so" doesn't seem to matter when there's no real chance of any full recovery in sight. Perhaps BHO needs to nationalize big energy, big insurance (as legalized gambling) and big banking before it's too late. ~ Brad Guth Brad_Guth Brad.Guth BradGuth BG / “Guth Usenet” |
#4
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Put every lazy piece of welfare sucking crap to work on it.
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#5
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On Dec 3, 4:37 pm, Rich wrote:
Put every lazy piece of welfare sucking crap to work on it. For the most part they are uneducated and otherwise snookered and dumbfounded past the point of no return. Thinking smart, we'll need to outsource our recovery. Perhaps China or India can come to our rescue. ~ BG |
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