Its pretty bad!

I'll add my input, the Federal Reserve earns hundreds, trillions of dollars a year by financing international trade. If you want to buy oil in the Middle East or anywhere else in the world, you will have to buy USD from the US Central Bank.

The problem is, nobody knows who exactly owns the Federal Reserve, as it's a private corporation, it's said that Europeans are behind it.

And the other problem is, Chinese, Middle Easterners and others would like to end USD monopoly in international trade (not to switch to EUR but to a basket of currencies like the Pound, Yuan, Yen, Euro, Rouble etc), in this case we would be heading for a major USD devaluation AND depression, as the US could not afford 70% consumer spending anymore. USA GDP is 70% consumer spending.

:2 cents::2 cents:

The US dollar is going down because there are fears that oil producing countries in the Middle East are going to end USD currency monopoly in the international oil trade, and other countries break their pegs to the USD, like China, the largest exporter in the world.

The US Dollar is by far America's largest export product, but it doesn't show up in foreign trade balance.

The Federal Reserve is America's most successful private organization but it doesn't appear in Forbes rankings.

I think those conspiracy vids are all biased and one sided, and all bankers are dishonest.

The bankers interviewed are all liars like their counterparts telling the exact opposite. They are not in the 'know' at the banks where they work, only the very top of the management knows whats going on and they would never speak out against their own business.

A huge commercial or investment bank is like a secret intelligence agency, don't expect the management in the 'know' to ever speak out. They are similar to state or industrial secrets and can't be revealed to the public.

The US Dollar fell 46% between 1985 and 1995 and the result
was a 15 trillion dollar expansion in American wealth !

So far since 2003 US Wealth has gone up 11 Trillion Dollars !

US factories have been opening up all over the US the last two
years and this is bad for us how ?

You idiots that think a low dollar is bad for the US are stupid fucks !

I forgot to add that when housing is added to the US Wealth the total is 22 Trillion since 2003.

So far inflation hasn't risen it's head so the Fed has 100-200 basis points to play with when lowering interest rates !

Public debt is reasonable, consumer debt is extremely high, but it's offset by the USD currency status in the world. Debt is money, debt is most of the world's money, the more debt the richer you are.

If you visited any emerging country before the credit boom, and after, you will know what i'm talking about.

" ....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