Why the U.S. is failing

They don't need to keep 200k in a bank account. It's how many people there are that have put their money into that bank. They could also have the bank holding their 401k as well

 

Many countries go through recessions, but the U.S. still has it a lot better than many third world countries, so comparing the two Americans shouldn't complain.

 

No offense TJ, but the only correct statement you made was the second, I do think it's your own prerogative though, so your entitled to your opinion which I respect.

Statement number one is how the world is always going to be, people are naturally greedy. People strive to achieve the highest possible amount of success and it's always been that way. People are always trying to get on top, to reach higher limits than they previously have.

Statement two I agree with 100%.

Statement three is incorrect in my opinion. Companies such as AIG must be bailed out because when a company goes down such as that innumerable jobs are lost. The other main factor is that a company like that is an international business and with it going under it affects other nations, possibly causing a worldwide depression. Some of those companies went under, not because people didn't want to buy from them, but they couldn't afford their services or goods.

Good discussion though

 

I was talking about before all of this. People were not happy with getting paid 15$ an hour, so they complain and strike for 16$ an hour. This is why americans are losing jobs to.

We shouldn't. If no one wants to buy their products, then obviously we are just wasting money.

You are "guarenteed" 200k in your bank account in case the bank goes down, why would you keep more?

Which is why we are losing jobs over seas.

Why are we bailing out companies that obviously no one wants to buy from? Seems like a waste. There are plenty of jobs out there.

 

That's why credit cards are there in the first place, they determine your credit score. If you're not responsible to pay off your credit card balances, then banks would deny you of taking out loans.

 

Simply paying your bills can raise your credit score also.

 

Here's the economic crisis in BASIC

10 BANKS SCREW THEMSELVES OVER
20 MARKET REACTS
30 ECONOMISTS SAY IT'S GOING TO GET WORSE
04 GOTO 20

 

I have a credit card and have no temptations to get into debt with it, people just think their rich and dont accept it and buy things to fit into a croud

 

One thing,
Citi Bank fucked us over.

 

i think USA is failing due to the fact people buy what they cant afford, for example sometimes we buy houses worth 300,000 dollars when we dont even have 50,000 this makes bank go bankrupt and aso not only ruins the bank but the person who couldnt pay so thats why we (USA) is failing