" ....the reality is back in the 1950s a guy had a job, he can support a wife and a large family – maybe 4 or 5 kids; his wife didn’t have to work; his kids all went to college and none of them had to borrow money; and he saved for his retirement – and he did all that on a middle-class income and a high school education, if that. Today, you need two paychecks to support a family, both of them need to have gone to college, and they can maybe have one or two kids and that’s it. Beyond that, they can’t even afford it – and they still have no savings. With all this booming prosperity how can it be that a middle-class family is so much worse off today than they were in 1950 ?"

from:
http://www.financialsense.com[/QUOTE]

:1orglaugh:1orglaugh:1orglaugh

More Debt= More Trade= More Money. War and a looming energy crisis could threaten the circle and reverse it.

The countries that paid off all their foreign debt were starving to death. Read Romanian dictator successful attempt in 1980s to erase all debt, and make it illegal for banks to borrow abroad.

No more bread on the table.

You as it pertains to any fucking thing I'm doing that would make me give one fucking shit iota about it?

US need new president

I still see retards.

The Fed really hasnt much more room to play, since every rate cut brings value of USD down and therefore value of oil goes up. With 100 basis cut, you can count on 150 oil, which would squezed out average US family and would bring recession into the US immediately .

Here, Here.

You take even money on that statement or do you want odds ?

Move the mirror

:thumbsup

let's all change our money to Euros!

It's either a matter of being totally clueless, wanting to believe otherwise or hoping a new President will cure all problems :)

Now... say after me - "We are all very wealthy, gas is cheap, the dollar is the strongest currency on the planet, we are not really $10trill in debt, we need more credit cards, a new President will take care of us, we need to invest in real estate and become richer, industrial output is the envy of the planet, it's not true we have never had a trade surplus in 30 years, it's black Friday and we need to go to the mall with credit cards....." :winkwink:

this will tell you what's up
 

http://www.thetrumpet.com/index.php?q=4288.2525.0.0

http://www.thetrumpet.com/index.php?q=4425.2682.0.0

http://www.mortgagenewsdaily.com/111...age_Market.asp

"Total U.S. debt now stands at approximately $48 trillion. If future liabilities such as Social Security, Medicare and government pensions are included, America’s total debt would double to around $100 trillion. To put those massive numbers in perspective, the gross domestic product of the U.S. is $13.5 trillion, and the federal budget in 2007 was a “mere” $2.4 trillion."

http://www.thetrumpet.com/index.php?q=4406.2650.0.0

and this one , in case you missed it from this post earlier about saving

http://www.thetrumpet.com/index.php?q=4450.2717.0.0

https://youtube.com/watch?v=3RhnHo3RDfg

https://youtube.com/watch?v=3MMLozhEYPA

https://youtube.com/watch?v=NuTeZ9XlgyE

Or how about the Amero ??

[/QUOTE]

Thats simple. Because some ass hat decided that his house that has an ocean view from 3 miles from the water decided that he was going to ask 1mil for the house. Some other idiot came along, and paid it.

if you are outside us its a good time to spend a holiday there!

4 trillion to 8.7 trillion in like 5 years
that's a fast increase in debt

If everything in this article is true

The Con That Turned the World Against America

http://www.thetrumpet.com/index.php?q=4288.2525.0.0

I don't understand why countries would continue to invest in the US, a lot of banks around the world have been screwed by these sub prime investments (cons)

Perhaps in part, this explains why so many countries are currently selling their US investments

It pertains to everything that money pertains to. Perhaps you have nothing to do with that wacky stuff.

There's that definition of ignorance you were looking for.

other countries all over are pulling their US investments

Yea I've been seeing that, do you see this as a trend that will continue? Question is, for how long

Well, the fed feels the need now to drop the fed rate and get interest rates way lower. One reason is to make it more affordable for all of these homeowners with the adjusting rates, but that doesn't affect it enough, even if it's 2% drop which would never happen. In addition it's to stimulate the economy again with banks lending to banks etc, when the fed rate lowers. The problem is every time you lower the FED rate like they are, to solve a temporary problem in their eyes, it directly devalues the US dollar. It's kind of a catch 22. It's one or the other.

The biggest problem is that people have been living on credit cards for a long time, and this past 7 years with inflation, house prices, people used their houses as an ATM machine, which is now going to backfire because with adjusting rates and all that is going on, people are running out of money to keep spending in the economy. US people spend more than they make. People can say that money is still being spent for shopping at malls, yes maybe some of the $200,000 they took out in home equity is still left, or now they are already seeing a spike in cash withdrawls on credit cards to be used for living and or house payments. They are saying 70%+ of the entire economy is based on consumers consuming, so everyone needs to keep consuming to keep it going.


Everyone wants to blame crooked loan people, fraud transactions, etc for getting uneducated people into their messes, well that's not always where the blame is, think about it this way....


Joe Smith lives in a house for 10 years comfortably paying the $200,000 mortgage, paying it down little by little, but not much, and can make that payment barely. One day someone says go buy a house for $400,000 it's really nice, he says I can't afford it , I have been just barely comfortably living in the $200,000 house.

1 year later a loan person convinces him to take $200,000 out as a home equity loan, that's the same thing, now he has a balance of $400,000. He couldn't afford that, but feels rich, but now with house prices falling by the day, all he really did was take out a big credit line, he wasn't rich like he thought.



I watched these 11 videos this weekend, they are pretty good

https://youtube.com/profile_video...etreefilms&p=r

Just watched a few of these vids HR (just finished U.S.Real Estate: How it affects your financial future") and they are hitting the salient points well :thumbsup

They may be bulletted notes and simplified for the presentation, but still convey the overall relevant facts.

Every empire falls. Believe it.

Thats simple. Because some ass hat decided that his house that has an ocean view from 3 miles from the water decided that he was going to ask 1mil for the house. Some other idiot came along, and paid it.[/QUOTE]

Hey thats my house your talking about !!!:thumbsup and its 3 million

Only a gutty :2 cents: feeling Coatsy - it will continue for the foreseeable future and odds on, for longer than that.

We tend to think the current problems are attributable to eg. "wars", home price bubbles etc, but the problem is not new and has existed for 3-4 decades and has gradually been getting worse. The triggers may be the home market and wars, but it was inevitable it would happen at some time. In two one words - "unsustainable fantasy".

To even begin a remedy is a massive task and, who knows, but doubt this could be implemented in 10 years (at least to a level where a degree where signs of improvement are actually evidenced). During that time other countries holding dollar reserves will be spreading risk in other currencies - that makes it even more of an uphill struggle. (In practice, even now, major dollar reserve holdings have been dumped and these are bound to have an effect on the current scenario). Any recovery can't be entrusted soley to a government - it's beyond the level of any govt policy to cultivate actual wealth, but it can be at least a framework for possible recovery.

Again, only a gutty feeling, tho this has already been evidenced - the dollar will not be playing a role to the degree it once did as a reserve currency. Even now, there are more Euro denominated reserve currency holdings than there are in dollars, tho the ECB indicated that it is not their policy to have the Euro as a reserve currency.

Bottom line... the pulling or dumping of dollars will continue for a fairly long time - tho hard to say what that means in timescale - could be 3-5 years, tho could be much longer if there is not an action plan to resolve dollar problems and give investment confidence. That is going to be harder to do now when the hype won't work so well second time around.

Overall... this does little good for anyone, whether US resident or in other countries. As far as internet biz is concerned, - it won't be a option but to charge "real value" as opposed to selling in weaker dollars. Other international traders (and countries) don't deal only in dollars - the adult industry is no different.

I know a good solution
 

I believe with the old Bill Clinton (I really liked that guy) this would NEVER happened.
The solution, for starting, is getting a new president - Bush OUT!
I think anything should be better then Bush...also, I would prefer a democrat President :) maybe Hillary Clinton??...

cheers!

Open the border to Mexico and stop exporting jobs to China and India.

OR even better, get all those FAT and LAZY fucking assholes laying on the couch, watching Oprah and collecting government checks to get a fucking job.

Nice link HighRoller.
 

Great post... I'm not making fun of the US dollar, however it is somewhat scary when you think that the US wants to create a super state including Canada and Mexico... Could it be such is to get their ass out of the fire ??? I think it is a fair question...

Later all,

.

The border is open, open to anyone that wants to jump the 3 foot lawn fence that seperates U.S. from Mexico. or find a scretch that isn't even fenced.

Those Fat and Lazy assholes only make up a small porportion of our debt. Thats just an excuse to shift the blame from the real culprits. Republicans. Its the republicans that increased our debt from 4.5 to basically 9 trillion in 6 years. Bush and his cronies have spent trillions of dollars on nonsense these past few years. A personal war with saddam, 'home land stupidity' and all the republicans pet projects. There was NEVER any accountability with the republicans..they spent as if they had a blank check.

As much as I agree with you, the Democratic majority Congress has done nothing but bow down and take it up the ass.

New maximum today with ? vs $.

1?---$1.4845

This will pass $1.50 next week probably :(

yup its time for a recession not good

The current Dollar slide started in 1995 under Clinton and continues today.

The President has almost zero control over the value of the Dollar !

The dollar generally held good value in the 90's and did not "slide". The underlying economic problem started in the 70's and the trigger was pulled lately when the home mortgage problem was revealed together with war spending etc - along with a non-existant fiscal policy.

It would have happened either way. The general policy was to keep US folks spending and building up debt to sustain the economy this long while adopting an attitude of not shaking the deck of cards.




PS It's almost a sick joke now, but a quote from the current admin "Yes, I know it's a budget - it's got numbers on it". Enough said....

Are you able to back that up with facts... or it is just a so-called patriotic opinion ... ????

USD is fucked

it was 1913

:1orglaugh:1orglaugh:1orglaugh