U.S. Defenseless and Very Vulnerable

What happen to America’s economy?,

We were told that it was going to be an era of a new economy that will replace the offshoring of manufacturing.

But that new era was on tech and that also got offshoring.

What was left was the financial business and those are dying in front of our eyes.

Should we blame deregulating for this downfall.

Regulation over-reached. The pendulum swung. Deregulation became an ideology and a facilitator of greed.

Deregulating electric power gave us Enron. Deregulating the airlines destroyed famous American brand names such as Pan Am, shrank the number of companies and caused a decline in service.
There are no longer any blue chip companies, which means that, investing for retirement has become a crapshoot. People realize this; thus, the privatization of Social Security has no support.

The financial crisis has pushed the most important problems in the background.

The current financial problems have pushed the larger problems of the U.S. budget and trade deficits into the background. Goods and services for American markets that U.S. corporations outsource offshore return as imports, which widen the U.S. trade deficit. Moving production offshore reduces U.S. GDP and employment, and increases foreign GDP and employment. Moving production offshore reduces the export capacity of the U.S. economy while raising the import bill.

How can the deficit be fixed? Taking away programs that help the nations poor? Like medicare, or private pensions will be at the mercy of higher taxes.

In the 21st century, the U.S. economy has been kept going by debt expansion, not by real income growth. Economists have hyped U.S. productivity growth, but there is no sign that increased productivity has raised family incomes, an indication that there is a problem with the productivity statistics. With consumers overloaded with debt and the value of their most important asset--housing--falling, the American consumer will not be leading a recovery.

How the economy will be fixed? Tax payer can only do so much. Right?

www.economyincrisis.org...

The US is fighting back, and it is on the news, did you see the news about the cash reserves being released to save the banks and insurance companies, I am sure that it will solve the problem.

Dont laugh just yet, at least for now it seems to be doing more Good than bad so far.

I know the best way to fix it but sadly we are not dealing with Bold politicians and a time of great investment into the future.

But given current economics, I'd turn to space for the answer

This probably sounds farfetched but wouldn't cost what a Year in Iraq does, probably far less.

My Thought

Asteroid towing.

We would need, a small fleet of shuttles and a handful of specially designed craft.

But the concept would be to push small asteroids into Orbit around the Earth and shuttle up and down the materials

The better thought would be some sort of space ladder or...more ingenious method of slow dropping the cargo down to Earth... and using the Shuttles purely for mineing purposes (would save alot of money)

I truely doubt a method of slow dropping a ton or 2 at a time would elude us as a society if the right minds went to work on it...

Probably better ideas than mine for how that would be done

Typical asteroid contains around Trillions, Billion tons of precious metals and ores...

One particular asteroid surveyed had 100,000 tons of Platinum, 10,000 tons of Gold and 10 Billion Tons of Iron and it was only 1.2 Miles long

a single haul after expenses even if the cost was 50% would correct the entire US debt

and then of course we have the Moon hanging over our heads...

asteroid mines

The above article is a far better explanation of how the economics are profitable than i could personally give but this seems 100% sound to me.


Probably not the economic answer your looking for...

But, when markets dry up and competition is fierce and resources are low... as a business person my instinct says open a new door...

and I think this is by far the most viable long term solution to our economic woes. Unlimited wealth is floating over head

But the problems that brought the economy to the point that is right now, has not been addressed and is not any proposed way in congress to fixed.

So as long as the problems that cause this economic mess keeps eluding our nations leaders is not going to be nothing more than small band aids to stop the markets from crashing.

I still want to know how can this problem will be fixed with a long term solution that will protect American's tax payer.

Nothing that has been done has been done for long term solutions, just quick fixes.

reply to post by mopusvindictus


Interesting concept I forgot that our nation no longer can back its federal reserves with precious metal.

Interesting.

Typical asteroid contains around Trillions, Billion tons of precious metals and ores...

wow.

I had no idea.

Reading ideas such as this keeps me coming back to ATS.

Originally posted by marg6043
What happen to America’s economy?,

We were told that it was going to be an era of a new economy that will replace the offshoring of manufacturing.

But that new era was on tech and that also got offshoring.

What was left was the financial business and those are dying in front of our eyes.

Should we blame deregulating for this downfall.

Regulation over-reached. The pendulum swung. Deregulation became an ideology and a facilitator of greed.

Deregulating electric power gave us Enron. Deregulating the airlines destroyed famous American brand names such as Pan Am, shrank the number of companies and caused a decline in service.

What an argument! Just because someone loved to flirt with female PanAm flight attendants, the airline deregulation was a bad move. Or do I read this "brand name" excuse wrong?

Paul Roberts couldn't find a better time to kick himself in the butt:

This rigid system encountered tremendous pressure in the 1970s. The 1973 energy crisis and stagflation radically changed the economic environment, as did technological advances such as the jumbo jet. Most of the major airlines, whose profits were virtually guaranteed, favored the rigid system. But passengers forced to pay escalating fares did not, nor communities which subsidized air service at ever-dearer rates. Congress became concerned that air transport in the long run might follow the nation's railroads into trouble; in 1970 the Penn Central Railroad had collapsed in what was then the largest bankruptcy in history, resulting in a huge taxpayer bailout in 1976.

en.wikipedia.org...

Unlike today, the Congress still represented the people back in 1970s, and a large taxpayer bailout was a serious thing to consider. That contributed to the changes bemoaned by Paul Roberts who served in the Executive Branch of the US government known for blatantly ignoring public opinion since 1967 -- except for the election years -- and for imposing byrocracy nightmares on American industries.

Congress now no longer work for the people, if you have seen this thread,
www.abovetopsecret.com...', they just relegated their obligations to the Fed and the Treasury, since when the Fed is an entity that is put in place by the tax payers in this nation.

Indeed I am right when I say that our system of government is broken corrupted and dirty.

Thanks for that walk on history line Stander. I am old enough to remember when it was a time in our nations history when our congress and government used to fear the people's will.

Originally posted by mopusvindictus

One particular asteroid surveyed had 100,000 tons of Platinum, 10,000 tons of Gold and 10 Billion Tons of Iron and it was only 1.2 Miles long
a single haul after expenses even if the cost was 50% would correct the entire US debt

Knock on wood but that sounds like a good sign to me with gold being relatively rare on this planet. As far as the economy I would have to think we will go back to a agriculture and industry economy if only to supply us with affordable goods. Some people that have taken abundance and luxury for granted will be hurting real bad. Some of the rest of us are used to it so nothing new.