American Economy R.I.P?
RolandTD20Kdrummer
Posts: 13,066
Oh fuck....dis no so good senor...
http://www.inteldaily.com/?c=139&a=3485
"What does it mean that the US has a $800 billion trade deficit?
"It means that Americans are consuming $800 billion more than they are producing."
"How long can Americans consume more than they can produce?"
"American over-consumption can continue for as long as Americans can find ways to go deeper in personal debt in order to finance their consumption and for as long as the US dollar can remain the world reserve currency."
meanwhile.....
In other news... the U.S has 100 bombers now armed with 100 smart bombs poised to strike 10,000 targets in Iran within hours of Bush giving the order.
Hey, did Iran switch from US currency for oil? Yes they did. Since 2003 they have been shifting assets away from the US dollar. Oh....again...no so good senor.
How much longer (months) do you think before Iran is bombed by the shock and awe part 2 campaign?
This one is going to make Iraq look like chump change. Iraq was only 1,500 bombs.
.
http://www.inteldaily.com/?c=139&a=3485
"What does it mean that the US has a $800 billion trade deficit?
"It means that Americans are consuming $800 billion more than they are producing."
"How long can Americans consume more than they can produce?"
"American over-consumption can continue for as long as Americans can find ways to go deeper in personal debt in order to finance their consumption and for as long as the US dollar can remain the world reserve currency."
meanwhile.....
In other news... the U.S has 100 bombers now armed with 100 smart bombs poised to strike 10,000 targets in Iran within hours of Bush giving the order.
Hey, did Iran switch from US currency for oil? Yes they did. Since 2003 they have been shifting assets away from the US dollar. Oh....again...no so good senor.
How much longer (months) do you think before Iran is bombed by the shock and awe part 2 campaign?
This one is going to make Iraq look like chump change. Iraq was only 1,500 bombs.
.
Progress is not made by everyone joining some new fad,
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
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( o.O)
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and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
(\__/)
( o.O)
(")_(")
Post edited by Unknown User on
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Comments
And the US population doesn't seem so keen on opening a 3rd front right now. And no, a false flag operation is not likely to happen what with that 51% expressing some (again reasonable) doubts.
interesting article:
http://www.inteldaily.com/?c=166&a=3484
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
(\__/)
( o.O)
(")_(")
...and weapons and ammunition!
Doesn't work on my pc for some reason.
But if I were looking for the connection currency - war I'd find it strange to mess with Iran rather than China.
We're just doing our part to spread our wealth to other impoverished nations.
...are those who've helped us.
Right 'round the corner could be bigger than ourselves.
Funny stuff!
...are those who've helped us.
Right 'round the corner could be bigger than ourselves.
Jlew the World Economy is going to take a little battering, it's in the news alot here.
America is going to have problems to. Sorry to break it to you bud.
The economy has polarized to the point where the wealthiest 10% now own 85% of the nation’s wealth. Never before have the bottom 90% been so highly indebted, so dependent on the wealthy.
of course it will have problems. I didnt say otherwise. as much as you and roland would like to see it completely collapse, it wont. I hate to break that to you. and im not your bud
Yup. It's funny how we get these doomsday forecasts every few months. It's been happening for years and years. But hey, I know around here if you aren't on the Paranoia Train its because you're part of the brainwashed mainstream.
you ARE as clueless as i thought.
you are in for a very rude awakening my friend!
"I would rather die on my feet than to live on my knees."
Emiliano Zapata
The paranoid, vocal majority here notwithstanding, yes, it is safe. But if you simply have it sitting in savings, you don't have it working for you, and it is probably losing money to inflation every year. You are better off investing it. I know talking about investing around here is taboo, and I'm sure you'll get some whack-a-moles telling you to cash out, convert the paper to land or precious metals, and get ready for Armageddon. But if you invest it wisely in the market you will continue to grow your 100 grand over the next couple of decades before you need it for retirement.
instead of telling me im clueless how about enlightening me and the rest of us with your expertise on the subject.
what do you think is going to happen?
heres what I think....the markets are set up for a correction. the subprime market is going to have a negative impact on the economy for the next 3-6 months. what do I mean by negative impact? loss of jobs, stock market volitility, and higher inflation.
will the market recover? 100% yes. GDP is still steady and the only people loosing jobs are in the lending and home building industry.
I will eagerly be awaiting your response
we manufacture NOTHING!!! NOTHING!!!
we manufacture NOTHING and consume much,then we have the federal reserve printing billions out of thin air with no backing and we are trillions in debt,we are FUCKED.without manufacturing and exporting goods you can't hope to change what is happening. we are going into receivership,do you understand that? America is dying and rigamortis will set in soon.
recession? no. DEPRESSION?yes.
"I would rather die on my feet than to live on my knees."
Emiliano Zapata
NOTHING!!!!!! NOTHING!!!!!!!! AHHHHH!!!!!!!!!!
lol too funny.
why do we need to sell overseas to have a successful economy? we make alot of money here. our problem is we spend too much. so what? GDP is used to pay off debt.
take a look at this nice map.
http://strangemaps.wordpress.com/2007/06/10/131-us-states-renamed-for-countries-with-similar-gdps/
yea we aRE FUCKED!!!!!!!!!! NOTHING!!!!!!!FUCCKED!!!!!!!! BUILD A BUNKER!!!!!!!!!!!!!!!!! DOWN WITH USA!!!!!!!
not to mention we have the largest banks and oil companies in the world. and ever hear of GE ? microsoft? Intel?
of the top 500 companies in the world the US is first with 167 followed by Japan with 67 and France with 38.
I'm not writing the articles or, creating the figures. Just putting the picture together.
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
(\__/)
( o.O)
(")_(")
but only post the negatives? how bout posting the other side of the coin sometimes?
Gold went up 10% since i made that little rant and rave last month.
It was $650 when i was thinking about selling out and buying gold.
It's $690 now!
If I opened it now would you not understand?
Which is?
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
(\__/)
( o.O)
(")_(")
You're putting YOUR picture together, not THE picture together. There's a distinction. I could paint a picture of Canada as a land of beauty and wilderness and nothing but peace and tranquility. I could paint a picture of Canada as a haven for the drug-addled homeless. Those pictures could be painted with facts. Neither picture would be an actual representation of reality.
how about the resiliency of the stock market and the strenght of corporate earnings during hard times.
last 3 years....
DOW
http://money.cnn.com/quote/chart/chart.html?symb=djia&sid=1643&time=3yr&Submit1=Refresh
NASDAQ
http://money.cnn.com/quote/chart/chart.html?symb=nasdaq&sid=3291&time=3yr&Submit1=Refresh
S&P
http://money.cnn.com/quote/chart/chart.html?symb=spx&sid=3377&time=3yr&Submit1=Refresh
market is even UP today and the price of OIL has hit a RECORD high. TODAY it did.
Right now may be a good time to get in. But there will probably be a good time to get out as well. I remember a friend of mine put a bunch of money in Gold in 1980 when it was around $650 after increasing in value 4x over the previous 5 years. He thought it was a sure fire way to financial success. I saw him again 5 years later and his investment had lost half it's value.
Shit happens. The stock market goes up and down (in the short term, and consistently up in the long term), metals go up and down, interest rates go up and down.
Oooooo touchy.
Have you studied the past? Whats happening now is the big banks are bailing the economy out, but all it's doing is proping it up for the short term.
Eventually we are going to see the true consequences of what is happening now.
The economy has polarized to the point where the wealthiest 10% now own 85% of the nation’s wealth. Never before have the bottom 90% been so highly indebted, so dependent on the wealthy.
"it's all a gamble when it's just a game."
i know jeff. the best place to be is probably rental real estate. assuming with the new lending "rules" you have enough capital to get in the game. Investment mortgages arent being taken on by banks with less than 20% down right now. I know, because I am trying to get in the game, and I'm having to look to Georgia to find houses cheap enough to get in with.
If I opened it now would you not understand?
Lets hope it does. I hope it does.
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
(\__/)
( o.O)
(")_(")
please give us a history lesson.
big banks and the fed are helping (not bailing out) the economy making up for poor subprime loans. these make up less then 5% of all loans. lending will tighten and the dumbasses who bit off more then they can chew will suffer.
american economy collapse?, I dont think so.
No metion of a collapse anywhere in my post.
And they are bailing them out and again this is a global not american thing.
They are going to cut your interest rates so the dumbasses as you put it will feel confident to spend. But again if you read up on it you will see that something has to give somewhere.
Myabe you could look up what i'm talking about because quite frankly i'm not here to teach you. You have to do a little of your own reserch some time.
The economy has polarized to the point where the wealthiest 10% now own 85% of the nation’s wealth. Never before have the bottom 90% been so highly indebted, so dependent on the wealthy.