Predictions, Economy will Nose Dive - Page 2 - The Horse Forum
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post #11 of 20 Old 05-22-2013, 05:57 PM Thread Starter
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Donald Trump just reinforced this prediction. Each time it tanks there's more unemployment and only a small percentage of that recovers. I'm holding on to see if this will affect the pricey training videos, tack, more free horses. Trump predicted the US will be like Greece. When everything is on it's ass the Chinese was come bearing bailout money, again only who knows, maybe this time they'll take over everything and we could all be thrown into internment camps. That is the hard reality of where things are headed.
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post #12 of 20 Old 05-22-2013, 06:34 PM
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Around here, we have many, many homes, especially the ones I'd classify as Mansions, being bought up by mainland Chinese millionaires. Sometimes, they just buy sight unseen and they pay cash. They are driving up our real estate market out of the reach of the average citizens, and bringing nothing of any real value , as members of the community, becuase either they buy as an investment and flip, or they send their kids to live in these houses, so they can get US educations, and they dont' ever speak to the neighbors, let alone keep up the yard or interact outside of the family or other Chinese people. IT really grates on my nerves. Maybe it's racist of me to think this way, but it feels like MY country is being sold to the highest foreign bidder, and they have no desire to BE Americans, just suck out the wealth that's here and send it back "home" to the rest of the family.

Sorry, minor rant here.

The economy has been in the tank for the last five years - I imagine I won't see much improvement, but I hardly doubt it'll go up to 50% unemployment. I've actually seen some IMprovement the last few months, horse wise.


Tiny,
Not saying anything, but guess who bought property on either side of me? Asked me if I was selling to make a community. Man, if I find a place, I'm gone and you have at it. I'm going to find me some more rednecks.
We have some serious issues getting our Canadians/Americans incentives to work and hiring our own - I have the same issue with foreign aid when we have three million homeless kids on our own bloody streets.
If I were a politician...

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post #13 of 20 Old 05-22-2013, 07:55 PM
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Originally Posted by Saddlebag View Post
Donald Trump just reinforced this prediction. Each time it tanks there's more unemployment and only a small percentage of that recovers. I'm holding on to see if this will affect the pricey training videos, tack, more free horses. Trump predicted the US will be like Greece. When everything is on it's ass the Chinese was come bearing bailout money, again only who knows, maybe this time they'll take over everything and we could all be thrown into internment camps. That is the hard reality of where things are headed.
I was watching a show about China's economy and it's not so hot either. That's why they are buying up property here in the US, protect their investment when China's economy drops.
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post #14 of 20 Old 05-22-2013, 08:20 PM
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Originally Posted by tinyliny View Post
Around here, we have many, many homes, especially the ones I'd classify as Mansions, being bought up by mainland Chinese millionaires. Sometimes, they just buy sight unseen and they pay cash. They are driving up our real estate market out of the reach of the average citizens, and bringing nothing of any real value , as members of the community, becuase either they buy as an investment and flip, or they send their kids to live in these houses, so they can get US educations, and they dont' ever speak to the neighbors, let alone keep up the yard or interact outside of the family or other Chinese people. IT really grates on my nerves. Maybe it's racist of me to think this way, but it feels like MY country is being sold to the highest foreign bidder, and they have no desire to BE Americans, just suck out the wealth that's here and send it back "home" to the rest of the family.

Sorry, minor rant here.
Americans have excelled at being "businessmen" and the rest of the world has just learned from us.
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post #15 of 20 Old 05-24-2013, 11:54 AM Thread Starter
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The Chinese don't buy sight unseen. The send a small delegation to thoroughly check everything out. In my town one of these delegations checked out a business that was for sale. They spoke impeccable English, likely Harvard men altho Chinese and represented a mainland investment company. There is still great status in sending their kids to North American colleges and universities. One thing about the Chinese, it is all about their children. Everything is done so the child will have a bright future.
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post #16 of 20 Old 05-24-2013, 04:39 PM
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We are a lot to blame in all of our countries - not just the US, we want cheap goods and don't care where they come from or what the quality is half the time
Its the greedy million $ a month CEO's that need to get their paws out of the cookie jar not Washington, they are constantly making more and more people redundant in the US, Canada and Europe etc and at the same time moving more and more production and research to countries like China and India where they can pay much lower wages even to skilled professional workers
I don't see things as dire yet as the OP suggests but I also can't see how its going to improve while this practice keeps increasing
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post #17 of 20 Old 05-24-2013, 05:38 PM Thread Starter
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Not for one minute would I believe what an American broadcaster tells you about the Chinese economy and the yen. The view is slanted in an effort to convince Americans that the US economy can hold up. The stats on US unemployment was published at 14%. Mr Trump figures it's more like 25%. It is people spending money that makes the economy work. I don't know about in the US but gasoline here just jumped about 6 cents a liter which is about 22 c US gal. If the unemployed can't buy it the rest of us will have to keep their profits up so we'll pay a hell of a lot more yet. The domino effect is well on it's way.
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post #18 of 20 Old 05-24-2013, 10:43 PM
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Joe4D, you and I think alike. I made a killing on some then $4 dollar stocks too. Most are now trading around $56. Down times have silver linings too.

You just have to see your distance...you don't have to like it.
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post #19 of 20 Old 05-25-2013, 12:09 AM
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Originally Posted by PaintHorseMares View Post
Americans have excelled at being "businessmen" and the rest of the world has just learned from us.
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I beg to differ. The ancient Roman Empire was the first to establish global trade routes (of the world they knew then), which included trading with the then (already) economically successful Chinese people. Trade, and business, was what sent boats out of Europe around the world. It hasn't slowed down since.
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post #20 of 20 Old 05-25-2013, 01:18 AM
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Gold and silver are falling, the stock market is at an incredible high...

Buy low, sell high.

I honestly believe that those people know what they are doing. This isn't sustainable, there is usually a surge before there is a crash. Wish I had money to toss into what I THINK is the right move right now. Unfortunately I don't, so I'm just doing what I can to make us sustainable.

Get your gardens going, get you some chickens, and if alls well then at least you aren't eating Tyson and GMOs, LOL!
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