The Sun Is Setting on the American Economy - GoFuckYourself.com

Barefootsies · 05-07-2013, 06:17 PM

People have been warning about it for years....

Quote:

"We have been in a bubble I believe for the last 20 or 30 years, we have a central bank that is now totally out of control, printing money like never before, violating every principle of sound money," Stockman told TheBlaze senior contributor Mallory Factor in video interview (below). "Our budget has really become a doomsday machine. Nothing is really in sight thats going to slow down the red ink."

Quote:

"There's plenty of blame to go around, its bipartisan," Stockman said. Obama came in with a terrible economic condition because of Bush, according to Stockman, "Remember Bush created massive deficits during peace time."

FULL STORY

Bman · 05-07-2013, 06:18 PM

Part of the problem is Iran, North Korea and CHina are printing US dollars too...

then again I think most countries are in a heap of trouble, if the US goes down so will everybody else.

lucas131 · 05-07-2013, 06:20 PM

yes sun is bad for everyone, i hope america will bomb the sun!

tony286 · 05-07-2013, 06:22 PM

Meanwhile a Hedge fund manager says

http://money.cnn.com/2013/05/02/news...edge-fund-fed/

Hedge fund manager Dan Arbess thinks the Federal Reserve should use its 'printing press' to funnel money directly to the Treasury instead of simply buying more bonds.

So who do we believe?

xNetworx · 05-07-2013, 06:22 PM

Barefootsies · 05-07-2013, 06:28 PM

Quote:

Outdoor chefs are in for an unhappy surprise as the summer grilling season approaches: The cost to fire up a backyard barbecue is going up.

The price of wholesale beef hit an all-time high Friday and there is no indication it will decline this year. While the price of beef alone is up at least 5 percent, that summer cookout is going to feel much more expensive to any serious barbecue aficionado buying good-quality meat.

beef prices hit all-time high

bronco67 · 05-07-2013, 06:31 PM

Stockman notes that he agrees with the Libertarian-Republican on a lot of things, especially the pledge that "we cannot borrow, and inflate and print our way to prosperity,"as we've been doing.

The Republican philosophy is kind of ironic, since they never adhere to it.

iSpyCams · 05-07-2013, 06:36 PM

A 5% increase in the price of beef is surely a portent of the end of days.

EriktheRabbit · 05-07-2013, 07:29 PM

Quote:

Originally Posted by Bman

Part of the problem is Iran, North Korea and CHina are printing US dollars too...

then again I think most countries are in a heap of trouble, if the US goes down so will everybody else.

There are plenty of countries that will be just fine.

Supz · 05-07-2013, 09:11 PM

Except the stock market is hitting all time highs and people are making money hand over fist. We must be fucked.

Phoenix · 05-07-2013, 10:18 PM

the malls are packed and restaurants seem busy also

StickyGreen · 05-07-2013, 11:21 PM

Quote:

Originally Posted by Supz

Except the stock market is hitting all time highs and people are making money hand over fist. We must be fucked.

I really hope you're joking... the DJIA is hardly a sufficient indicator of the economy in general... people are hurting and the FED is printing something like $85 BILLION of new U.S. dollars A MONTH... the only reason we aren't experiencing inflation or even hyperinflation yet is because it's being quietly exported...

Who knows exactly how long they can keep up this charade of propping up the economy, but it isn't going to end well...

2013 · 05-08-2013, 12:02 AM

Quote:

Originally Posted by CamBoss

pimpmaster9000 · 05-08-2013, 12:17 AM

Quote:

Originally Posted by Bman

Part of the problem is Iran, North Korea and CHina are printing US dollars too...

then again I think most countries are in a heap of trouble, if the US goes down so will everybody else.

the real problem is that you are exporting your inflation to keep your economy strong...this is the mother of all bubbles

= your economy

inflation is the USA-s largest export:

http://theeconomicanalyst.com/conten...port-inflation

you have it easy, you command most of the oil, make it be sold for your inflation dollar artificially raising the $ price, then you are printing more money and buying up bonds and flooding the market with cash...

the sun set on the american economy a long time ago...the only thing that is keeping you from not sinking is that you are slowly pulling others down with you by exporting your troubles by printing absurd amounts of cash and, basically giving out checks with no real money to back it up...factor in the outsourcing and the rampant corruption that the US corporate government is dying from and you get a clear picture...

privatesociety · 05-08-2013, 02:37 AM

This is why I say buy gold and silver.... when things do go wrong, paper money becomes almost worthless and hyperinflation sets in, gold and silver will be king

Paul · 05-08-2013, 04:14 AM

Quote:

Originally Posted by crucifissio

The sun set on the american economy a long time ago...the only thing that is keeping you from not sinking is that you are slowly pulling others down with you by exporting your troubles by printing absurd amounts of cash and, basically giving out checks with no real money to back it up...factor in the outsourcing and the rampant corruption that the US corporate government is dying from and you get a clear picture...

1971 - Secretary of the US Treasury John Connally told a group of European finance ministers that the dollar was ?our currency, and your problem.?

pimpmaster9000 · 05-08-2013, 05:38 AM

Quote:

Originally Posted by Paul

1971 - Secretary of the US Treasury John Connally told a group of European finance ministers that the dollar was ?our currency, and your problem.?

came back to bite him in the ass tho...all them petro dollars got unloaded back in the USA when the arabs started buying up chunks of the US economy...

purecane · 05-08-2013, 05:50 AM

Quote:

Originally Posted by crucifissio

the real problem is that you are exporting your inflation to keep your economy strong...this is the mother of all bubbles

= your economy

inflation is the USA-s largest export:

http://theeconomicanalyst.com/conten...port-inflation

you have it easy, you command most of the oil, make it be sold for your inflation dollar artificially raising the $ price, then you are printing more money and buying up bonds and flooding the market with cash...

the sun set on the american economy a long time ago...the only thing that is keeping you from not sinking is that you are slowly pulling others down with you by exporting your troubles by printing absurd amounts of cash and, basically giving out checks with no real money to back it up...factor in the outsourcing and the rampant corruption that the US corporate government is dying from and you get a clear picture...

i have a problem with you saying "you" all the time...WE don't get to make those decisions. the Arabs bought this country fair and square. next time you wanna dictate a conversation, please use the correct narrative.

Antonio · 05-08-2013, 05:53 AM

yeah, compared to the EU economy, which is flourishing

dyna mo · 05-08-2013, 06:22 AM

the article in the op was written and published to sell stockman's new book,

fear sells. congrats, you bought it.

Joshua G · 05-08-2013, 06:44 AM

the US will go bankrupt someday. its effects are unpredictable. But the ship wont sink. the ship is so huge now, the only 2 things that can stop the economy is plague or WMD. should the government default it will just reorganize/nullify the debt. move on to another reserve currency to replace the worthless dollar. the bond losers will get it back in BTC.

JFK · 05-08-2013, 06:47 AM

Quote:

Originally Posted by dyna mo

the article in the op was written and published to sell stockman's new book,

fear sells. congrats, you bought it.

yes, but there could be grains of thruth in there

dyna mo · 05-08-2013, 07:00 AM

Quote:

Originally Posted by JFK

yes, but there could be grains of thruth in there

cmaybe, but so what.

"the sun is setting on the american economy."

that's not a conclusion, that's sensationalism.

fear, same shit different decade. 60s, 70s, 80s, 90, 2000s, the end is near.

pimpmaster9000 · 05-08-2013, 07:01 AM

Quote:

Originally Posted by purecane73

i have a problem with you saying "you" all the time...WE don't get to make those decisions. the Arabs bought this country fair and square. next time you wanna dictate a conversation, please use the correct narrative.

but you get to enjoy the benefits and support the ones enforcing them....its not like you mind too much...

Paul · 05-08-2013, 07:20 AM

Quote:

Originally Posted by dyna mo

fear, same shit different decade. 60s, 70s, 80s, 90, 2000s, the end is near.

There is no doubt that globally things are changing but I see a gradual decline taking decades instead of an all out collapse, just can't happen as long as the Petrol dollar is the worlds reserve currency.

China would love to change that and they've been actively doing so aggressively since 07 - 08 but that's what the oil wars are all about.

Next up - Iran

It'll be interesting to see if Russia & China want to go against America

FingerPrinter · 05-08-2013, 07:23 AM

Quote:

Originally Posted by pompousjohn

A 5% increase in the price of beef is surely a portent of the end of days.

dyna mo · 05-08-2013, 07:29 AM

Quote:

Originally Posted by Paul

There is no doubt that globally things are changing but I see a gradual decline taking decades instead of an all out collapse, just can't happen as long as the Petrol dollar is the worlds reserve currency.

China would love to change that and they've been actively doing so aggressively since 07 - 08 but that's what the oil wars are all about.

Next up - Iran

It'll be interesting to see if Russia & China want to go against America

yes, graudual declines are natural, everything has a timeline and is in constant motion.

the wrench in the guessing game is the fact that the u.s. will soon be the world's largest oil producer. i don't see the sun setting on that.

_Richard_ · 05-08-2013, 07:56 AM

a little simplistic

StickyGreen · 05-08-2013, 05:25 PM

Quote:

Originally Posted by dyna mo

fear, same shit different decade. 60s, 70s, 80s, 90, 2000s, the end is near.

Wtf are you talking about? We have never seen something like what is currently going on...

Do you see that ridiculous spike around 2008? Do you even understand what that means for the U.S. dollar? The only reason we aren't experiencing severe hyperinflation yet is because it's being exported.

Everything is perfectly fine bro... put your fucking head back in the sand... lol

brassmonkey · 05-08-2013, 05:33 PM

Quote:

Originally Posted by CamBoss

05-07-2013, 06:18 PM	#2
Bman Confirmed User Industry Role: Join Date: Aug 2003 Location: Redirecting your traffic Posts: 1,679	Part of the problem is Iran, North Korea and CHina are printing US dollars too... then again I think most countries are in a heap of trouble, if the US goes down so will everybody else. __________________ ICQ 228211529

05-07-2013, 06:31 PM	#7
bronco67 Too lazy to set a custom title Join Date: Dec 2006 Posts: 29,032	Stockman notes that he agrees with the Libertarian-Republican on a lot of things, especially the pledge that "we cannot borrow, and inflate and print our way to prosperity,"as we've been doing. The Republican philosophy is kind of ironic, since they never adhere to it. __________________

05-07-2013, 06:36 PM	#8
iSpyCams Amateur Gynecologist Industry Role: Join Date: May 2009 Location: Medellin Posts: 4,436	A 5% increase in the price of beef is surely a portent of the end of days. __________________ - As soon as I think up a good sig it's going here.

05-07-2013, 10:18 PM	#11
Phoenix BACON BACON BACON Industry Role: Join Date: Nov 2002 Location: Poems everybody, the laddie fancies himself a poet Posts: 35,457	the malls are packed and restaurants seem busy also __________________ Skype Phoenixskype1 Telegram PhoenixBrad https://quantads.io

05-08-2013, 02:37 AM	#15
privatesociety Confirmed User Industry Role: Join Date: Jan 2013 Posts: 567	This is why I say buy gold and silver.... when things do go wrong, paper money becomes almost worthless and hyperinflation sets in, gold and silver will be king __________________ CURRENTLY CONVERTING AT 1:55, TRY US! We film real people doing what they do best... Your friends and neighbors having sex for all the world to see. PROMOTE PRIVATE SOCIETY AND MAKE $$$ 1:55 CONVERSION RATE ICQ: 658501707 Email: [email protected]

05-07-2013, 06:20 PM	#3
lucas131 ¯\_(ツ)_/¯ Industry Role: Join Date: Aug 2004 Posts: 11,475	yes sun is bad for everyone, i hope america will bomb the sun!

05-07-2013, 06:22 PM	#4
tony286 lurker Industry Role: Join Date: Aug 2002 Location: atlanta Posts: 57,021	Meanwhile a Hedge fund manager says http://money.cnn.com/2013/05/02/news...edge-fund-fed/ Hedge fund manager Dan Arbess thinks the Federal Reserve should use its 'printing press' to funnel money directly to the Treasury instead of simply buying more bonds. So who do we believe?

05-07-2013, 06:22 PM	#5
xNetworx So Fucking What Industry Role: Join Date: Jan 2004 Location: Whore Island Posts: 14,445

05-07-2013, 09:11 PM	#10
Supz Arthur Flegenheimer Industry Role: Join Date: Jul 2006 Location: New York City Posts: 11,056	Except the stock market is hitting all time highs and people are making money hand over fist. We must be fucked.

05-08-2013, 05:53 AM	#19
Antonio Too lazy to set a custom title Join Date: Oct 2001 Location: Spartaaaaaaaaa Posts: 14,136	yeah, compared to the EU economy, which is flourishing

05-08-2013, 06:22 AM	#20
dyna mo The People's Post Industry Role: Join Date: Dec 2008 Location: invisible 7-11 Posts: 64,503	the article in the op was written and published to sell stockman's new book, fear sells. congrats, you bought it.

05-08-2013, 06:44 AM	#21
Joshua G dumb libs love censorship Industry Role: Join Date: Jul 2008 Posts: 8,198	the US will go bankrupt someday. its effects are unpredictable. But the ship wont sink. the ship is so huge now, the only 2 things that can stop the economy is plague or WMD. should the government default it will just reorganize/nullify the debt. move on to another reserve currency to replace the worthless dollar. the bond losers will get it back in BTC.

05-08-2013, 07:56 AM	#28
_Richard_ Too lazy to set a custom title Industry Role: Join Date: Oct 2006 Location: Vancouver Posts: 30,985	a little simplistic