0:50 These ratings agencies have been wrong about everything over the past 10 years.
1:20 U.S. politicians should "take an axe" to spending. The U.S. is the largest debtor nation in the history of the world.
2:00 Troops around the world are "not doing us any good, they're just making us enemies." We need to cut defense spending.
2:40 Sooner or later people will stop buying U.S. bonds, interest rates will rise, currency markets will enter turmoil, and then everything will be affected.
3:30 "I wouldn't lend any money to the U.S. government and I'm a U.S. citizen," China, India, and others are taking notice.
4:00 Yes, eventually they will stop buying. The countries have started to cut back.
4:50 The Fed will stop QE2, but when things start getting worse, they will come back with QE3, but they may not call it that. "They may disguise it, they may call it cupcakes," he says.
between the BLS and the Bernakapart they have us “average” type completely hosed down, wiih no COLA and banks paying a shit 1% (or less) on any savings you might still have.
ReplyDeleteBut hy it keeps the makkkkettt up and cramer playing tunes for his lemmings, and I assume what ever exports were still sending out that China isn’t making.
so hell I’m waiting for 1970′s type interest to start. The poor mans investment system = CD’s
It's so obvious the banks will come back. I'm loading up on the bank stocks and looking to add more. The system is corrupt---so either go along for the ride or get screwed over because you still can't figure out how it works.
ReplyDeleteSure my stocks will actually probably have LESS overall value than 10 years ago, but since milk will cost $500 it's better to have bigger numbers of fake money than to have what you already have.