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Porter Stansberry, James Dale Davidson, et al and Agora are not lily white either: http://pacer.ca4.uscourts.gov/opinion.pdf/081037.P.pdf |
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Oh the burden of clipping those coupons. :disgust . |
There is going to be no sudden collapse of the US dollar. If that happened, many countries around the world would have to declare martial law to due mass riots, protests, looting, etc. Governments aren't going to let that happen.
All that's going to happen is a gradual and slow squeezing of the middle class around the world, which has been happening for decades. "Cooking oil went up by 8%? That's ok, I can still afford that", type of thing. That's what will continue happening. There'll be no sudden change in anything. Governments can't afford to risk that big of a change, especially with the volatility right now. The people in control aren't stupid, and they know what they're doing. There's going to be no large sudden changes until they're 100% confident the general populous is weak enough to the point they can't revolt, hence the continuous and gradual squeezing of the middle class. |
Why do I find the image of the Chinese emporer fucking the Statue of Liberty a little disturbing?
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Oh noes I guess that means all agora charts are fake rofl. Stil waiting for the evidence that when adjusted for inflation, the market has increased since 2000.
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June 2010 dollars lol? And the numbers have tanked since Obama has been elected. Not exactly what you wanted to prove eh?
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it's cleaning it up after the bubble bursts that sucks. using houses and mortgages as the basis of a bubble was a mistake that is going to be hurting us for some time yet. |
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Obama was elected in 08.... as we can see, nothing has tanked. What did I say I was proving? You asked a question... you wanted a graph to show growth and that's what that chart shows. We can look at 2011 as well, it has only grown more. |
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take the arab spring of rage for instance - that the underemployed young adults of the arab nations would eventually revolt was predictable, but that it would happen this year still surprised the sovereigns. |
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The dollar has tanked. That was pretty much was set to happen from the early 80's on but it became unstoppable once Bush unloaded 4 trillion into the cash flow, it was only a matter time before it dropped then. |
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Aye I see the chart - it looks like Obama's stimulus stopped the major drop. |
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If you're readying yourself for a dollar failure scenario, why pay off all of your dollar debts? If the dollar falls.. and you owe your debts in dollars... will you not get anything you owe dollars on nearly for free? |
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Especially if you have a variable interest loan and the rates go up to 25-30%.
Then you are screwed big time. |
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Now if you thought it was more that than... it's not. The numbers are on several political fact/check sites and I think the gov even has a website that publishes the numbers. By those charts, his stimulus package reversed the drop... or him simply becoming President was so powerful that it alone stopped the drop. :) |
Redrob is telling the truth.
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I don't know what will happen, but to say it CAN'T is simply being naive. History says it can and probably will. Germany, Russia, Argentina... all crashed. And while the USA's Great Depression may not have been an official "collapse" it may as well have been. Then you have Iceland and Greece who recently needed a bailout to prevent a full economic crash, and it looks like Greece is going to need another one and Portugal is not far behind. It happens. And in case you've been living in a cave, there are already riots and protests in many places in the world. But the last place you're going to see anything like that, at least on a serious level, is in the USA. Americans will simply take their medicine as it's served to them. They are going to take every long stroke up the ass that is given to them and pay 30% of their income for the privilege to get it, because American Idol is more important than congress renewing The Patriot Act and the TSA groping their children. |
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It's embarrassing. . |
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The Federal Reserve Bank and Wall Street Financial concerns have to figure out how to screw the baby boomers out of their retirement savings and get away with it. This isn't the first time banks or Wall Street has helped themselves to seniors' savings.
It will probably come during a Republican administration that will try and divert public attention to another "crisis" like "porn addiction" so the DOJ can be focused else where while the finance industry runs amok. Remember, Lincoln Savings and Loan, Charles Keating, the Citizens for Decency Through Law, the Meese Commission, and your grandparents getting their retirement money stolen. I think it was a dry run for the futrure. Link to article on the CDL and Keating Link to Lincoln Savings and Loan Article I am also always concerned if the government declares any "national crisis" and tries to take control of the media. If you see your "news" options dwindling, that will be a first sign to duck and cover. Now think about the Republicans trying to shut down/defund NPR and PBS, two public watchdogs.:disgust Just my opinion.:2 cents: |
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When I was a Gov't bond dealer in the late 80's we were laughing at these guys and their predictions of a collapse of the US Gov't and the US Bond market. You were in diapers then, so you probably have no idea how long they have been peddling what you're peddling. :2 cents: |
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And you routinely regurgitate doomsdayer rhetoric, calling for hyperinflation, stating that the world is in a global depression, etc. which have not happened. I'm glad you've got some capital gains on your bag of silver, but it's hardly worth taking a victory lap over. . |
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No, you like many people here use your political ideology to inform your economics, science and medicine rather than the other way around. Quote:
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I have no idea how old you are. Baby boomer? |
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The leaders of the Middle East didn't have that type of mind control and manipulation over the populous. You live in Thailand, so I'm sure you know how it goes. Around here, people don't talk about "Thailand's Got Talent". They talk about the red-shirts storming parliament and taking over the government. Same shit, different pile. |
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"Bank of America (BAC, news), JPMorgan Chase (JPM, news) and Wells Fargo (WFC, news) are adding staff, creating easier-to-use technology and competing on fees in an effort to win a bigger share of the trillions of dollars in 401k savings plans. JPMorgan almost doubled its sales force dedicated to selling retirement-plan services to employers in 2010, says Michael Falcon, whose job as head of retirement in the U.S. and Canada for the bank’s asset management unit was created in January. “It’s one of the top priorities” at JPMorgan, he says." http://bajansunonline.com/big-banks-...01k-trillions/ |
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That's part of a story from MSN that site lifted, not the FULL story. "Increased competition from banks may lead to lower costs and more choices for employers and savers, says Laura Pavlenko Lutton, an editorial director in the mutual fund research group at Morningstar. And it may mean less revenue for the top three 401k administrators: Fidelity, Aon Hewitt and Vanguard, which together had 43% of the market at the end of 2009, compared with a combined share of less than 10% for Bank of America, JPMorgan and Wells Fargo, according to Cerulli." Fidelity & Vanguard got bailout funds Interesting that Chase , B of A, Wells Fargo, and Citigroup got over $15 billion in bailouts [source] so they could lend to consumers again , but they seem to be putting more effort into the 401k push :disgust An ominus quote from the [source] "Where the money went is not clear." |
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What are they going to try to make your debt into what a dollar was supposed to be? A certain amount of metal? I don't see how they can do that. You owe dollars, you pay dollars. The only way you wouldn't be able to pay off your debt is if the currency completely crashes and is no longer accepted as legal tender. But then, why would a debt enumerated in dollars still be valid, anyway?? |
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