We, collectively, SO deserve this! And it could be a very good thing for all long term. Lead to a more healthy and happy life.
Unless we throw a tempertantrum and take it out on each other and the world. Then things could get REALLY scary. As in, the biggest blood bath in history.
Anon 12:28 no need for your vitriolic tripe spouting comments. If you disagree with something then tell us why. If you are incapable of that then just shut your mouth.
Susan is right. There is a cleansing coming and we ALL deserve it. We caused it to happen by leveraging ourselves far beyond what we could honestly afford, all in the name of the American way of life.
Well that way of life is about to change for all of us and, yes, how we get through it is the only question. I'm stocking up on food, gold, silver, and bullets. I guess that tells you how I think it'll go.
This isn't to say that all politicians and banksters don't deserve a firing squad - they do!
Susan is right. The sooner the correction, the less the pain. The unfortunate aspect is that the majority of people were un-warnable, un-educatable. The majority displays an inexhaustible zeal for attending NASCAR, and an uncanny mastery of football statistics, and yet they were entirely incapable of applying simple observation and arithmetic skills to the most basic functions of the monetary/finance/economic world. Their downfall will be a tragic comedy indeed, as portions of the dialog above suggest.
It looks like that person is still incapable of providing intelligent reasoned arguments.
As far Nazcar and Football, that is a good point: the general public is very good at stretching their brains around certain past-times and often fails miserably at seeing beyond the fenclien of their perfectly landscaped suburban backyard in order to see the bigger picture. This goes with what susan was alluding to. This shakeup will probably awaken a few eyes as to the reality outside their dreamscope lives.
Continual and persistent intervention via stimulus and bailouts will result in one thing only,that being the postponement of the day of reckoning. When this finally comes have no doubt that its intensity will be far greater than anything experienced in the past.Had govts allowed previous recessions to run their course , there is no way we would be where we are now.
The people don't deserve it. The oligarchs need ousting, they're the ones who set up the system this way. If their fractional reserve banking scam and war on the middle class weren't there to parasitise us, we wouldn't be in this mess. It's a mess of their design.
A weak US $$ is actually good for the economy as this will make our exports cheaper and more competitive. Despite the fact that a lot of verbal support has been put forward for a strong $$, in reality the administration wants a weaker $$ to support the growth of the service and manufacturing sector.
A lot of you may be concerned of rising import prices and therefore causing inflation, but however, this is the chance of buying American and supporting local jobs and industry. You can see it as a way of Buying American without imposing trade barriers and spark an international trade war.
Devaluation of the $$ is also a chance to shift the economic growth dependence from consumer spending (which is not sustainable) to an economic growth based on exports and self-sufficiency (which is sustainable).
Why worry if the US $$ loses its world reserve currency status? this is all about changing focus and growing stronger to move forward and like any process of change, there is resistance and fear to step into the unknown, but, it helps us move forward.
8 o'clock if you stop for a moment to reflect you will see that the previous person made a much better effort of providing literate, reasoned opinion than you did. Therefore, in the name of fairness, it would be better to say that your's was the dumb illiterate post. Just because someone else doesn't stop at the concept of "elite's controlling everything" and diverges just a little bit into other complex ideas, which may be foreign territory for you, does not make them stupid.
Ok 7:53pm...What you say would be plausible if indeed the U.S. Had it manufacturing base of the 50's. That has been gutted for the last 30 years with free trade agreements and globalization. American's Spending represents $10 trillion of GDP a year and you think in a year or two or even 10 that can turn around..You are in la la land and drinking the Kool-Aid...They aren't devaluing to be an export nation. They are doing so to kick the debt can further down the road to future generations and maintain and reflate unsustainable asset prices to avoid a deflationary depression of the 30's. It is a last futile gasp that will end badly and cause something that could have been painfull for 2-3 years into something that will linger for a generation. The points you make simply aren't valid and reflect a textbook understanding of things. Not a real world one
the bust is coming and this time I don't think the government is going to be able to "kick the can" down the road much farther.
ReplyDeleteTime to short treasuries...
ReplyDeleteAll is good mun.....buy dem dollars mun, don't worry be happy, life eeess good and dis all bullshit talk, no problems mun, spend da money
ReplyDeleteWe, collectively, SO deserve this! And it could be a very good thing for all long term. Lead to a more healthy and happy life.
ReplyDeleteUnless we throw a tempertantrum and take it out on each other and the world. Then things could get REALLY scary. As in, the biggest blood bath in history.
Anon 12:28 no need for your vitriolic tripe spouting comments. If you disagree with something then tell us why. If you are incapable of that then just shut your mouth.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteI am an intelligent individual who is thoroughly disgusted with these child-like comments.
ReplyDeleteCan you people go somewhere else? I think I hear your mommy calling you.
This comment has been removed by a blog administrator.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteSusan is right. There is a cleansing coming and we ALL deserve it. We caused it to happen by leveraging ourselves far beyond what we could honestly afford, all in the name of the American way of life.
ReplyDeleteWell that way of life is about to change for all of us and, yes, how we get through it is the only question. I'm stocking up on food, gold, silver, and bullets. I guess that tells you how I think it'll go.
This isn't to say that all politicians and banksters don't deserve a firing squad - they do!
Good luck to you and yours!
Susan is right. The sooner the correction, the less the pain. The unfortunate aspect is that the majority of people were un-warnable, un-educatable. The majority displays an inexhaustible zeal for attending NASCAR, and an uncanny mastery of football statistics, and yet they were entirely incapable of applying simple observation and arithmetic skills to the most basic functions of the monetary/finance/economic world. Their downfall will be a tragic comedy indeed, as portions of the dialog above suggest.
ReplyDeleteIt looks like that person is still incapable of providing intelligent reasoned arguments.
ReplyDeleteAs far Nazcar and Football, that is a good point: the general public is very good at stretching their brains around certain past-times and often fails miserably at seeing beyond the fenclien of their perfectly landscaped suburban backyard in order to see the bigger picture. This goes with what susan was alluding to. This shakeup will probably awaken a few eyes as to the reality outside their dreamscope lives.
Continual and persistent intervention via stimulus and bailouts will result in one thing only,that being the postponement of the day of reckoning. When this finally comes have no doubt that its intensity will be far greater than anything experienced in the past.Had govts allowed previous recessions to run their course , there is no way we would be where we are now.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteThe people don't deserve it. The oligarchs need ousting, they're the ones who set up the system this way. If their fractional reserve banking scam and war on the middle class weren't there to parasitise us, we wouldn't be in this mess. It's a mess of their design.
ReplyDeleteA weak US $$ is actually good for the economy as this will make our exports cheaper and more competitive. Despite the fact that a lot of verbal support has been put forward for a strong $$, in reality the administration wants a weaker $$ to support the growth of the service and manufacturing sector.
ReplyDeleteA lot of you may be concerned of rising import prices and therefore causing inflation, but however, this is the chance of buying American and supporting local jobs and industry. You can see it as a way of Buying American without imposing trade barriers and spark an international trade war.
Devaluation of the $$ is also a chance to shift the economic growth dependence from consumer spending (which is not sustainable) to an economic growth based on exports and self-sufficiency (which is sustainable).
Why worry if the US $$ loses its world reserve currency status? this is all about changing focus and growing stronger to move forward and like any process of change, there is resistance and fear to step into the unknown, but, it helps us move forward.
7:53 dumb illiterate post. The dollar is devalued so the elite can rape you of EVERYTHING.... plus the rest. See article ABOVE
ReplyDelete8 o'clock if you stop for a moment to reflect you will see that the previous person made a much better effort of providing literate, reasoned opinion than you did. Therefore, in the name of fairness, it would be better to say that your's was the dumb illiterate post. Just because someone else doesn't stop at the concept of "elite's controlling everything" and diverges just a little bit into other complex ideas, which may be foreign territory for you, does not make them stupid.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteOk 7:53pm...What you say would be plausible if indeed the U.S. Had it manufacturing base of the 50's. That has been gutted for the last 30 years with free trade agreements and globalization. American's Spending represents $10 trillion of GDP a year and you think in a year or two or even 10 that can turn around..You are in la la land and drinking the Kool-Aid...They aren't devaluing to be an export nation. They are doing so to kick the debt can further down the road to future generations and maintain and reflate unsustainable asset prices to avoid a deflationary depression of the 30's. It is a last futile gasp that will end badly and cause something that could have been painfull for 2-3 years into something that will linger for a generation. The points you make simply aren't valid and reflect a textbook understanding of things. Not a real world one
ReplyDelete9:22 correct 100%
ReplyDelete