Monday, September 22, 2008

The U.S. Economy

The US has the world's largest economy, but what makes it look bad
is the fact that it is troubled by high levels of debt. Recently, the US has
failed in the US housing and credit markets, resulting in a slowdown in
its economy.

Source: http://www.economywatch.com/world_economy/usa/

In this article, people have described the US's economic situation
as the "worst global financial crisis" since the great depression. Can
you believe it! That's how bad the economy is right now. But, what's
contributing to its downfall is that the US had to increase its swap line
because of its restriction to its money.

Source: http://useconomy.about.com/

This article describes the US's times of prosperity when all seemed stable,
meaning its ecomony. But it all "collapsed" because if the new electronic
innovations, making people think twice about their actions. Also, foreign
"powers" were gaining strengh and opportunity, leading to the re-examination
of people's workplaces. Because of this many modern workers look at the
future with uncertainty, fearing that further economic drop will occur.

Source:http://usinfo.state.gov/products/pubs/oecon/chap1.htm

In short, I believe that the economy will keep going from bad to worse.
But, there is also another possibility, that the government will find a
way to fix this mess and recreate its former economic glory. The thing
is, that when the governments are saying "peace and security" their day
will come. That's right, Jehova God will end all the global governments
and will rule himself. The wonders that will occur during his rule are
truly exciting, he will solve all the global problems for good, not for some
time, but forever. There are many more blessings than this one, but I think
that this one fits in more appropriately to the subject. That is what I believe,
that the only one who can solve all the global crisises is the one and olny God,
Jehova.