tag:blogger.com,1999:blog-5387053284149226571.post836952366905590973..comments2024-03-29T04:10:31.115-04:00Comments on The Coming Depression: NIA's Top 10 Predictions for 2011Economic Analysthttp://www.blogger.com/profile/04338902162073990568noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-5387053284149226571.post-79839440838446373732013-03-15T03:31:21.162-04:002013-03-15T03:31:21.162-04:00Ι've been exploring for a little bit for any h...Ι've been exploring for a little bit for any high-quality articles or weblog posts on this sort of space . Exploring in Yahoo I eventually stumbled upon this site. 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As far as the credit cards, come on guys, the vast majority of these people knew exactly what they were doing when they on their shopping sprees. Blame the banks, blame the credit cards, blame the folks who dangle a carrot in front of them, sorry, folks, stand up and hold "YOURSELF" accountable. YOU made the decision, YOu and YOU ALONE. As far as jobs are concerned, I own my own construction business, me, my wife and the employees built this from the ground up, yes, times are tough, we have all made many sacrafices to keep it going. Just the other day, I required additional help. I advertised and starting having folks show up with resumess in hand. Most if not all were College degreed, every single one of them stated they could not work for anything less that $22.00 per hour and I had to guarantee them 40 hrs a week, but the most astounding request came in the form of a contract. Yes, they wanted me to sign an agreement for employment for one year. Obviously I could nt, would not and will not do that. I told them they will never get someone to agree to that. They in tuen said that they will not interrupt their unemployment benefits.<br /><br />Another example of this on woe is me crap, you are to blame, these men and women who joined the National Guard(s) or Reserves. For years many of them went on their weekend warrior bit and enjoyed pay and received a free education or reduced cost for education. Then when they were called up to ante up on their obligation, they started crying like "kids". <br /><br />We as American are whiners and crybabies.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5387053284149226571.post-71848778236816632112011-01-05T22:31:57.389-05:002011-01-05T22:31:57.389-05:00don't think they'll enact a QE3, and witho...don't think they'll enact a QE3, and without artificial stimulus we'll have..reality, finallyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5387053284149226571.post-25616031234944398092011-01-05T21:28:35.175-05:002011-01-05T21:28:35.175-05:00sharonsj said...
America hasn't been borrowin...sharonsj said... <br />America hasn't been borrowing to fund Socialism--we've been borrowing to fund two wars, among other things. So Armstrong's argument is wrong.<br /><br /><br /><br />Oh yes Sharonsj,10.01 says,<br /> in agreement with armstrong ,"socialism" is the root of all evil<br />...as he launches an abusive ad homen personal attack on sharonj in order to deny the facts.<br /><br /> "of course America hasn't been borrowing to fund socialism. You say this because you are a SOCIALIST and a PROGRESSIVE--your posts on this blog are clear evidence of that indictment." <br /><br />"indictment"? <br />Is being a socialist or progressive a crime in america?<br />or just a crime to believe anything different from 10.01<br />What a brainwashed american you are 10.01 <br />Happy it seems for the government to spend half of its tax revenues not just on the two main current wars ,but for decade on long wars for empire.<br />Especialy if you can play party politics against the Obozo for continuing with the bush stated war for empire in afghanistan.<br /><br />As if that costly war were a socialist/progressive war !<br /><br />The real "socialism" in amerika is expensive wastefull Corporate State socialism .Money printing to bailout and support insolvant american business and all its wars .Supported by both of the same-same major parties.<br /><br />This cost of "war socialism" for the benifit of the rich and well off ,has become so expensive that it has bankrupted america, so that it is becoming difficult for government supporting bankrupt Empire capitalism in this way to even afford basic social security for unemployment benifits , education funding and paying food stamps .<br />This 'handout stuff is all said to be unecessary "socialism" that the military keynesian system now bankruot can no longer afford to support while continuing with bailouts socialisng the losses of the finance sector .<br />Let us just blame the socialists not the warmongers for the economic crises in the american way.<br /> <br />Hard nosed ,redneck,realistic "Anti- socialist austerity" economics to save the system and to afford its wars is all the go right 10.01?<br /><br />Anybody saying different is "indicted" as a goddamn anti-militarist ,liberal progressive ,and/or a dumb un-amerkan socialist !Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5387053284149226571.post-6921453974274324562011-01-05T18:20:15.123-05:002011-01-05T18:20:15.123-05:00Demcad I understand that george4title is behind th...Demcad I understand that george4title is behind the site, but I thought I would put it up for the readers to decide. I understand completely where he is coming from..Economic Analysthttps://www.blogger.com/profile/04338902162073990568noreply@blogger.comtag:blogger.com,1999:blog-5387053284149226571.post-86711261470320637402011-01-05T17:52:54.062-05:002011-01-05T17:52:54.062-05:00I'm surprised by how many bloggers are trying ...I'm surprised by how many bloggers are trying NIA seriously.DEMCADhttps://www.blogger.com/profile/00682505975096231290noreply@blogger.comtag:blogger.com,1999:blog-5387053284149226571.post-1002251531153771872011-01-05T17:12:47.754-05:002011-01-05T17:12:47.754-05:00What do they mean when stated " we will see l...What do they mean when stated " we will see large decline in crude oil / natural gas ratios ?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5387053284149226571.post-70323076495265540052011-01-05T13:15:09.249-05:002011-01-05T13:15:09.249-05:00Sharon the reason why Armstrong is in jail is beca...Sharon the reason why Armstrong is in jail is because he knows way too much. He's figured out the governments criminal mind and how it works, down to the decimal. If and when he gets out, I bet he has 3-6 months.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5387053284149226571.post-67815036670804005142011-01-05T13:01:04.729-05:002011-01-05T13:01:04.729-05:00Oh yes Sharonsj, of course America hasn't been...Oh yes Sharonsj, of course America hasn't been borrowing to fund socialism. You say this because you are a SOCIALIST and a PROGRESSIVE--your posts on this blog are clear evidence of that indictment. If you don't like the war in Afghanistan then tell your Marxist man-child President Obozo to get us out of there! Guess what? IT'S NOT GOING TO HAPPEN! <br /><br />And who are you to argue with Martin Armstrong, perhaps the greatest global financial forecaster of the late 20th and early 21st century? Yes, I know you are a MENSA member, but you are no where near as intelligent as Armstrong - not even for second.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5387053284149226571.post-26950341955662899572011-01-05T10:05:00.471-05:002011-01-05T10:05:00.471-05:00America hasn't been borrowing to fund Socialis...America hasn't been borrowing to fund Socialism--we've been borrowing to fund two wars, among other things. So Armstrong's argument is wrong.<br /><br />As for college debt, Americans are forced to pay ridiculous sums for higher educations, which nobody except the rich can afford. So everyone else goes into debt for the rest of their lives just to make the bankers richer. <br /><br />It's the same thing with credit cards. I had to buy a new stove; add in the range hood, the delivery, the installation, the taxes, the insurance, it's so expensive I have to put it on the store credit card. By the time I'm done paying it off, I'll have paid twice the cost.<br /><br />As for buying gold, I can't afford it now. So I'm buying silver jewelry. And stocking up on food. Too bad I can't stock up on gasoline or that I'm too handicapped to ride a bike. And I hope you younger folks can still walk....sharonsjnoreply@blogger.comtag:blogger.com,1999:blog-5387053284149226571.post-39556850643048893412011-01-05T03:07:12.316-05:002011-01-05T03:07:12.316-05:00"We have a college education bubble in Americ..."We have a college education bubble in America that was made possible by the U.S. government's willingness to give out cheap and easy student loans. "<br /><br />'gave out cheap and easy student loans??<br /><br />yeh,right! <br />But the not so "easy" to escape from student loans are for life! <br />And cannot be escaped by Bankruptcy.<br /><br /> The government and its bondholder partners owns the students with life sentences.<br />Ponzi education run on debt creation.<br /><br />The governments has used the need for eduction for the creation of a system of dept peons for americas youth.<br /><br />Now perhaps burdened for life with unpayable debts that cannot be canceled ,even as the economic system can no longer provide the jobs with incomes sufficient to both live in the lifestyle expected and pay off the debts .<br /><br />In the Great Ponzi services based economy when america was running on often foreign credit supply even for education, this all worked out O.K ..<br /><br />Untill the American Ponzi crashed in a sea of debts overload.<br /><br />This debt creation system of financing education with the tax payers money ,was a education business and work creation scheme for teachers and academics ,with the interest to be paid to the bondholders holding future claims to the incomes from the students debts .<br /><br />The debts had been on sold to bondholders.As <br />AAA government government backed, guaranteed bonds.<br /><br />The losses on the bonds ,like on government guaranteed fannie And freddy bonds ,will be paid by future taxpayers as the bondholders losses are socialised as the bondholders ,but not the students are bailed out.<br /><br />Like House prices "always going up" the assumption was that the jobs mostly in services would always be there.Like in advertising , banking and marketing real estate and mortgages loans,or as MBA psychologists for commodity markeing , consumer research etc, etc. <br /><br />Dead dollar ,insolvant dead Ponzi economy comlete with a now insolvant education system.As The student loan debt creation schemes implode.<br /><br />As a University education is no longer seen by the young to provide a sure future.<br />Let alone a right. <br />America now has an overpopulation of highly qualified, but now incresingly unemployed Dept Peon X- students, mostly educated to be brain dead services workers.Not many practical Engineers or even mechanics in the current crop.<br /><br />Education was it seems wasted ,but the x students are now good for minimum wage burger flipping in a 'recovering" society ,still producing a billion or more big macs and a side order of cardboard "freedom fries." <br />As the american dream.<br /><br />Oh well ,to keep the education system functioning as an ongoing busineses , perhaps america can import more fee paying rich Chinese and Indian students, student with cash moneythat have real job future prospects!<br />Goodnight america!Anonymousnoreply@blogger.com