Greed?
Collapse of world trade centers?
Outsourcing of jobs?
Buying mainly foreign?
Gas prices?
Poor business practices in variable rate home loans without forgiveness?
Conspiracies?
Love of may grown cold?
Personal debt such as credit cards?
& would you agree there are plenty of things to go around… people willing to work & provide services if jobs existed… people willing to attain education if available… schools with openings for students if finances available… plenty of houses… plenty of food… plenty of manufactured goods… plenty of everything except money, cash, denaro, dollars, coinage, liquid funds… but everything else, plenty of? Plenty of resources, Plenty of water, minerals, land to farm, air to breath… etc.?
What do you say? Is it merely a dollar shortage, or how is the whole thing as you see it, in layman’s terms? & can it be corrected by proper reorganization in a way which can benefit the greater good of the people?
What Are Some Causes For The Collapse Of The Economy?
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One word answer is, DEBT. It’s from years of cutting interest rates. Borrowing too much money. We’ve borrowed more that we can pay back. Now we are “solving” the problem by borrowing more money. China and other countries are finding out we aren’t great borrowers so they are pulling back on the lending. We (Americans) are addicted to this debt spending that we are now economically imploding.
The best way to fix this as an individual is to get out of personal debt. Don’t owe anyone anything. Do not depend on a government. Hey, live off the grid if you can.
The best way to fix The US’s economic problem is RAISE interest rates. STOP inflating our currency. Produce real tangible assets. Export more import less. Live and spend in CASH.
It’s hard, but it’s the only way I see to fix it.