On 2-Dec-2011, Canuck57 wrote:

USA nor Europe will recover without a further downturn. The fundamental
problems of government-bank fraud still exist. In fact worse because of
$15+ trillion of debt. And debt is pure consumption of wealth.

If Americans want a wealthy health economy, they have to get a grip and
realize that producers need to outnumber consumers. Currently America
is consumption is far higher than production.

Which means a fast recovery is just pure delusional bull****. Might get
a good dose of inflation, but inflation isn't wealth.

The only option for production is for "Americans" to refuse to send their
lowly incomes overseas, but they are unwilling. The "government" isn't going
to require Japan, Korea or China to balance trade; they get too many perks
for maintaining the current trend. The so called "globalization:" is
accurate, and occurred due to amazing communications over the past 20
years.. People in China (including the government) saw what used to exist in
the U.S., emulated the activity, and beat "Americans" at what caused
prosperity for 50 + years. Americans are no longer willing to compete -
individually, or governmentally.