Science Forums 2

[Cedars]

Economics is not my strong point but ...

We have had rough times in the past too. I would guess as competition for the oil/energy resources increases, it will be the countries without a good base of value that will suffer first. As will the poor. But then, we have massive projects going on in different places on the globe that do alleviate the demand. The huge 3 gorges dam project in China, the big dam project in Canada (I cant remember the name) and if I remember right there is a huge dam project in Brazil.

The worst problem in this country, when it comes to the economy and the future is all the debt people (and our government) has. When things get tough there is no back up. Its been kind of a false growth because people charged their purchaces. They spent money they will earn in the future which means they have to pay the debt or go into bankruptcy. As prices go up then, people dont make more purchaces, they must use finances for needed items. Food, energy, etc are bought and luxury items are not purchaced. Luxury items are a major factor in the US economy. This and how so many jobs are being shipped out to other countries. People who make less money spend less money.