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**O25YtQnn** · 08-18-2008, 05:45 PM

Corporations appear to be doing well, in part, based on some very suspect derived numbers related to productivity. How to measure the productivity of office workers who do not themselves produce anything is very arcane. Within that arcane realm these measurements are very very controversial.

Much US international debt (dollars held in currency reserves) is held by governments that are also our rivals or our customers. If one of those nations panics economically or moves into revolt, we would be hard pressed to sustain our currency. What are the odds that revolts will occur in China, Russia, the Middle East, or Japan? Not extremely high except for the Middle East.

We also have significant consumer debt as well, unsustainable if labor demand continues to fall. Lots to be pessimistic about. What we know for sure is that no empire lasts forever. US is really in its 60's, and most empires last longer than that. But crisis after crisis slowly wears away the lead until another power emerges.

08-18-2008, 05:45 PM	#6
O25YtQnn Join Date Oct 2005 Posts 552 Senior Member	Corporations appear to be doing well, in part, based on some very suspect derived numbers related to productivity. How to measure the productivity of office workers who do not themselves produce anything is very arcane. Within that arcane realm these measurements are very very controversial. Much US international debt (dollars held in currency reserves) is held by governments that are also our rivals or our customers. If one of those nations panics economically or moves into revolt, we would be hard pressed to sustain our currency. What are the odds that revolts will occur in China, Russia, the Middle East, or Japan? Not extremely high except for the Middle East. We also have significant consumer debt as well, unsustainable if labor demand continues to fall. Lots to be pessimistic about. What we know for sure is that no empire lasts forever. US is really in its 60's, and most empires last longer than that. But crisis after crisis slowly wears away the lead until another power emerges.
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