President Obama!
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moreluck
golden ticket member
Re: Obamanation here today
Democratic governors discuss bypassing Congress with Obama - The Hill's Blog Briefing Room
Democratic governors discuss bypassing Congress with Obama - The Hill's Blog Briefing Room
Re: Obamanomics
Good you worry about the 16 trillion indebt and the rest of us will worry about the 16 millionj people our of work.
Good you worry about the 16 trillion indebt and the rest of us will worry about the 16 millionj people our of work.
Just_another_day_at_work
Well-Known Member
Re: Obamanomics
We cannot have growth with that much debt and you CANNOT solve a debt problem with more debt. Until then we are not going to have ANY substantial job growth.
We cannot have growth with that much debt and you CANNOT solve a debt problem with more debt. Until then we are not going to have ANY substantial job growth.
Re: Obamanomics
Nonsense. Let's see what happens with Greece. Maybe in the end, financial markets are completely man-made and there needs to be a world-wide "correction" in which ALL the top dogs have to take a 70% write down.
moreluck
golden ticket member
Just_another_day_at_work
Well-Known Member
Re: Obamanomics
What is nonsense about? We have 101% debt per GDP. Greece is getting bailed out and hold as hostage instead of just a plain default and start it over. The protest there is getting out of hand people suffer because banks don't want to take the hit. And the real story that it is not Greece who is getting bailed out it's the BANKSTERS. Why would be violent protest if it's just a regular bail out for the country and for the people.
Recommend this article:
Behold The Greek Debt Slavery "To Do" Checklist Permitting It To Bail Out Europe's Insolvent Banks | ZeroHedge
What is nonsense about? We have 101% debt per GDP. Greece is getting bailed out and hold as hostage instead of just a plain default and start it over. The protest there is getting out of hand people suffer because banks don't want to take the hit. And the real story that it is not Greece who is getting bailed out it's the BANKSTERS. Why would be violent protest if it's just a regular bail out for the country and for the people.
Recommend this article:
Behold The Greek Debt Slavery "To Do" Checklist Permitting It To Bail Out Europe's Insolvent Banks | ZeroHedge
Re: Obamanomics
Hardly. But the top dogs do have to sell their crap to someone, and I hope to be that someone even if it takes rampant deflation.
Just_another_day_at_work
Well-Known Member
Re: Obamanomics
The top dogs run the show, not the regular investors, not even the billionaires. We have shadow government and the banking industry has shadow banking sector (dark pools)
NYSE Volume At New Decade Low | ZeroHedge
The top dogs run the show, not the regular investors, not even the billionaires. We have shadow government and the banking industry has shadow banking sector (dark pools)
NYSE Volume At New Decade Low | ZeroHedge
Re: Obamanomics
Because it's all relative. Remember when the credit reporting agencies down-graded the American debt? What happened? Nothing, really. And why not? Because The U.S. is still head and shoulders above nearly every other economy, even China when all is taken into consideration. Maybe somewhere in a backroom where billions are gained and lost in a moment, but overall, very little.
Re: Obamanomics
My point exactly. And eventually, it comes to their front door. Kind of like real estate. Do they want to own the property, or do they want to sell it at 60% of it's original value? Owning it does no good as long as wages are depressed and economies are in a funk. Me and you? It all has very little to do with us.The top dogs run the show, not the regular investors, not even the billionaires. We have shadow government and the banking industry has shadow banking sector (dark pools)
NYSE Volume At New Decade Low | ZeroHedge
Just_another_day_at_work
Well-Known Member
Re: Obamanomics
Who owns the credit agencies? Do you remember those AAA ratings on securities it only took 1 single day.
Who owns the credit agencies? Do you remember those AAA ratings on securities it only took 1 single day.
Re: Obamanomics
I don't. Do you? I'm not even sure what a AAA rating means. I guess it's good. Maybe today's AA+ is yesterday's AAA/Who owns the credit agencies? Do you remember those AAA ratings on securities it only took 1 single day.
Just_another_day_at_work
Well-Known Member
Re: Obamanomics
The USA. It meant (before the housing crash of course) that it is the safest rating it can be on those securities. One of the owners speaks for himself:
Buffett, Moody's CEO: We Didn't See the Bubble - YouTube
The USA. It meant (before the housing crash of course) that it is the safest rating it can be on those securities. One of the owners speaks for himself:
Buffett, Moody's CEO: We Didn't See the Bubble - YouTube
Just_another_day_at_work
Well-Known Member
Re: Obamanomics
Yep. That is correct. But I really do hope the banking sector and the central banks change course after this crash, because they are milking the system big time.
Yep. That is correct. But I really do hope the banking sector and the central banks change course after this crash, because they are milking the system big time.
Re: Obamanomics
Yep. Stop looking for the next "boom and bust" cycle and find something sustainable.
Just_another_day_at_work
Well-Known Member
Re: Obamanomics
I do look into it, because it can be the biggest opportunity of a lifetime.
What you looking at is a possible complete meltdown of the financial system. They won't let Greece to default because it can trigger bank failures in France, Italy then the bank runs will spread like a wildfire. On top of that the derivative market which is estimated at 1 quadrillion dollars now, the world GDP is around 65 Trillion to have an idea how big it is.
All these assets are rehypothecated, in very short term: selling the one stuff to different people in paper form of "I own you this". So just like the fractional banking works here if only 10 % of the people will come to get their stuff/money cashed out the whole system is down. I don't see any boom cycle (beside PMs) in the wall for now, only bust. Sooner or later we got to have sound money, instead of printing it to infinity. To me the positive on this is that we can have a new financial system that doesn't work on a ponzi scheme, like the global fiat money system had in the past and that we the people won't hand it to private central banksters the ability to create money and have deficit spending without any consequences pushing it to the future. And who knows we might have a real market without the biggest private bank setting interest rates and pumping free money to the system wherever they feel to.
I do look into it, because it can be the biggest opportunity of a lifetime.
What you looking at is a possible complete meltdown of the financial system. They won't let Greece to default because it can trigger bank failures in France, Italy then the bank runs will spread like a wildfire. On top of that the derivative market which is estimated at 1 quadrillion dollars now, the world GDP is around 65 Trillion to have an idea how big it is.
All these assets are rehypothecated, in very short term: selling the one stuff to different people in paper form of "I own you this". So just like the fractional banking works here if only 10 % of the people will come to get their stuff/money cashed out the whole system is down. I don't see any boom cycle (beside PMs) in the wall for now, only bust.
Sooner or later we got to have sound money, instead of printing it to infinity. To me the positive on this is that we can have a new financial system that doesn't work on a ponzi scheme, like the global fiat money system had in the past and that we the people won't hand it to private central banksters the ability to create money and have deficit spending without any consequences pushing it to the future. And who knows we might have a real market without the biggest private bank setting interest rates and pumping free money to the system wherever they feel to.Re: Obamanomics
After WW2, when our debt ratio was higher, our economy grew exponentially. In theory the only reason debt holds back an economy is because it stifles borrowing. However, interest rates are at record lows for companies to borrow so the debt has nothing to do with access to cheap money. A matter of fact corporate america is still sitting on 2 trillion in CASH that they refuse to spend to help the economy grow.. So dont blame the debt for slow growth.
After WW2, when our debt ratio was higher, our economy grew exponentially. In theory the only reason debt holds back an economy is because it stifles borrowing. However, interest rates are at record lows for companies to borrow so the debt has nothing to do with access to cheap money. A matter of fact corporate america is still sitting on 2 trillion in CASH that they refuse to spend to help the economy grow.. So dont blame the debt for slow growth.
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