Do think the U.S. economy on the edge of collapse?

Question

edit see above: *is

Answer 1

it has already begun to collapse. look what the dollar is worth.

Answer 2

It is collapsing.

Answer 3

No, we're far from a collapse.  We're in a recession or close to it.  People think that just because the economy is slow and things aren't as well as past, they think its a collapse or depression.  Its not.  Its even debatable about if we are in a recession.

People need to stop worrying.  I hear a lot of panic but everything will be okay.

Yes it is common for capitalist economies to go through busts and booms.  We're in a bust.  But we'll get back up.  We've been through worse and I don't think that we'll go through another depression.

People are talking about the gold standard, etc, but I heard there were problems with that too.  Our economy will rise back up.  It is a strong one, despite its challenges.  It will rise back up as it has before.  Its been through problems that are harder than the current one.  Besides, a good sign is that the peak usage of oil is near and that it will go down- so that will reduce prices.

Also, it is expected that the economy will grow again probably by the end of the year.

And people need to stop blaming it all on speculation.  Speculation plays a role, but its not the entire problem.  There are other big factors besides speculation.  Also, trying to regulate speculation might not be helpful either-- who said govt/regulations could determine prices more effectively and more efficient than those who speculate (people who work with stocks)?

Answer 4

It's already in the process of a collapse.

Or economy is just ruined right now..

Answer 5

One wouldn't go so far as to call it a collapse. Perhaps what the United States is going through is a recession caused by the sub prime interests caused by the housing crisis. Either way, the Central Bank will act as the intermediary and will take appropriate measures to prevent such a catastrophe.

Answer 6

Well I heard we are not the only country that's near that edge. Russia blames the United States , Why ? I don,t know. Some people have a come back for those who think US is falling apart. they will tell you " Yes it is , but not as bad as other countries." Well one would have to ask? Is it necessary. We don,t have to be wasteful. For Instance we have Cars that have a potential Limit on miles per Gal of fuel. In Japan it is at 46.5 Miles Per Gal. In the US it is 30 MPG.   Why the intentional Waist.   Cars (SUV that get 6+ per Gal and Mussel cars)  I have herd that France has a Car that will go 200 mpg on Compressed Air, and you don,t here of solders in France dieing for Compressed Air. So the invention are there, its like we are Energy in slaved. Being forced to pay high prices for fuel we don,t even need any more. Its not like we are addicted but in slaved to use OIL. When President Bush said we were addicted to Oil. One might have come to the conclusion that he was going to fix this mess. No way, he likes it like it is. Our addiction to foreign oil went up and the prices sored. That's like forcing some one to take Heroin.  Arianna Huffington said it best "Good goverment and Big oil don,t mix."

Answer 7

You should be scared. What people don't know is that every 75 years the U.s goes into a depression. Last time was 1930 so were basically in it right now.In 1970 nixon changed our gold standard to currency so that we can buil up debt wen we need to. Because of the war we are in debt because of debt are value of the dollar fell faster than imagined. Never in the history of the world has a currency ever survived in a economy the differece is that when we changed into a currency we convinced the whole world so if we fall as a nation the rest of the world will.If the U.s dollar keeps falling as it is now and gold reaches 1200 an ounce; we will be in a currency crisis which mean today a soda could be 1.50 2mmor it could be hundreads, thoudsands, millions and even billions of dollars (happened to germany in the 1930's) we are very close to the point of no return.

Thats y u see all those commercials about trade ur gold jewlry for cash; They are making millions

congress and wall street doenst see that because if the value of oil goes up then they invest in that and make millions. Thats why they dont see a recession. Thats why there are more bllionaires than ever. The middle class in the U.S will eventually be wiped out.

What you should do is invest in Gold.sliver.copper.oil

Peple need to get it inthier minds that our dollar is not money its a currency. Gold.sliver etc is money.

Will america bounce back? Possibly but we have to do it now or there is no chance