Thread: State of the Economy
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11-25-2009, 03:32 PM
How about asset bubbles and flimsy monetary policy? Think that has anything to do with it either? These are some of the things I've learned.
What specifically has the recession taught you?Gun Control: The theory that a woman found dead in an alley, raped and strangled with her panty hose, is somehow morally superior to a woman explaining to police how her attacker got that fatal bullet wound - Unknown
The problem is Empty People, Not Loaded Guns - Linda Schrock Taylor
11-25-2009, 04:27 PM
- Join Date
- May 2008
Look at the price of Gold which is approaching $1,200. Investors and other countries are not to pleased with the dropping value of the dollars that they are holding. With India buying gold and Sri Lanka buying some from the IMF today, the price of gold will keep going up. I am looking for China to start unloading some of those worthless or soon to be worthless dollars. Then the price will go up to 5 grand.
With the printing presses going full blast, Obummer and the Democraps do not know what the fuck they are doing. These idiots are going to raise taxes instead of lowering them.
11-25-2009, 11:02 PM
How about this:
Do you realize what happens when a money supply explodes like this? INFLATION that will make us long for the good old days of the Carter years.
The government admits to 10.2% unemployment. The real number is closer to 17%.
We have so much national debt , it can never be paid off. Today, we're paying 200 billion a year in interest servicing the debt. In the very near future it will cost about 800 billion a year just in interest. Not touching the principle, just the interest!! Over 3/4 of a trillion dollars a year just in interest! And what are our leaders doing to solve this? Why they're trying to add trillions more of new debt.
The dollar is dropping faster than Lewinsky in the Oval Office.
A half century ago, Khrushchev said the Soviets would bury us without firing a shot. He was obviously wrong. The Chinese could wipe out this country tomorrow without firing a shot and there is nothing we could do to stop it. They would just need to dump the hundreds of billions of dollars of U.S. Treasuries they hold making them totally worthless.
The economy? Why, it's just peachy.
Do you realize that not to long ago the Chinese were lecturing the U.S. on our insane economic policies? What does that tell you about our economy?
Last edited by AlmostThere; 11-25-2009 at 11:12 PM.Better to die on your feet than live on your knees.
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