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But whatever happens, whether we collapse or quickly pull out of this downturn, the fact remains that we are competing in a world economy now. If China can produce goods and services cheaper than we can, they will get the business. It's not rocket science. China has the population, the land, and the resources to become a great power, and until their standard of living rises up to ours, our standard of living must sink to theirs. The world is too small now for any advantage going to any country for long. game domino qiu qiu has the potential to become more powerful than ten Japans.
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There's no way to replace this massive credit-building machine, which makes me very skeptical of the government's bailout plan. Quite simply, we can't replace the credit that existed in the world before September 15 because it didn't deserve to be there in the first place. While the government can, and certainly will, paper over the gaping holes left by this enormous credit collapse, it can't actually replace the trust and credit that existed... because it was a fraud.
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The residential real estate market affects the entire country. When it crashes, it is just like the stock market crashing. Everyone suffers. The only people who do well are bankruptcy and divorce lawyers and doctors, who are always needed. Car repair shops tend to also do better in a down economy as people strive to fix old cars instead of buying new ones. Everyone else gets hit really hard. The collapse of the residential real estate economy triggers a domino effect and the dominoes are already starting to fall down.
We're constantly pulled this way and that to answer a zillion unrelated questions. Rare are the times when we can give our undivided attention to just one task. And that's the problem.