Posted on 05/30/2012 9:54:39 AM PDT by Hojczyk
It is in the first line, the poster just didn’t excerpt it.
Of course you know that the Fed and treasury are right now plaing ponzi scheme printing games with our currency to the tune of about 60-70% of our new debt.
Of course you know that the govt gave the chicoms direct access to our treasury sales instead of going thru the regular channels, not to mention the go ahead to buy US banks. I"m not 100% sure of the ramifications of the former, but I'm sure it has Ponzi written all over it.
Of course you know that the numbers you posted are all a gross fiction and largely irrelevant (in terms of who holds the debt) in the first place. If we default, whether we are the reserve currency or Americans hold 100% of the stated debt, there will be adverse effects for us.
Of course you know our debt to GDP is well above euro failure PIIGS socialist nations. You know, the ones that are failing miserably right now
Of course you know we aren't going to be having any magical recoveries with Obama and Cass Sunstein regulating us into super business friendly Kaulifornia.
Of course you know that rejecting pipelines, making your energy bills "necessarily skyrocket", regulating the white collar jobs into outsourcing heaven, denying the existence of a border so that blue collar jobs become an insourcing heaven for illegals (not to mention the sabateurs and agents provocateur coming over) makes those projected deficits fiction as well.
So naturally, *pfffffft* of course we can just print money. And of course you're either grossly uninformed or a dirty damn stinking troll.
There is the old joke "It's a recession when you're neighbor loses his job, it's a depression when you lose yours," but that is just a joke.
Real unemployment numbers (not fake ones from the BLS) are probably a good indication of economic conditions.
I'd say 5% unemployment is a booming economy, between 5% and 10% is a recession, and anything over 10% is a depression.
It's going to be arbitrary, but I believe it is useful to distinguish between a recession and a depression.
“How would YOU grow the economy?”
Simple... WWIII.. it’s what they’ve been planning for the last 20 years.
“How would YOU grow the economy?”
I would do it sort of like Germany did right before and during WWII. Invade lands for their natural resources and labor force.
Top of my list would be ANWR, the coal fields Clinton put off limits, protected forest lands, the EPA building and any other Federal department limiting development (like whoever is stopping Tombstone, AZ from using mechanical devices in the forest to fix their water pipes).
I would drop all of the environmental rules back to some previous levels for, say 10 years. (Benzene limit from 1 part/billion to 5 parts/billion or whatever, coal emissions, get rid of all the crap created for global warming, etc.)
On the labor side, reduce the welfare doles to give some of the folks a kick in the butt. But I imagine most of the labor would come on their own once business started growing again. There are LOTS of unemployed that would like to be working right now.
“Of course you know that the Fed and treasury are right now plaing ponzi scheme printing games with our currency to the tune of about 60-70% of our new debt.”
LOL
Inflation is at a 40 year low
Average annual inflation rate by decade:
1970-1979 = 7.06%
1980-1989 = 5.51%
1990-1999 = 3.00%
2000-2009 = 2.56%
2010-2019 = 1.70% (projected)
Facts are stubborn things
http://inflationdata.com/inflation/Inflation/DecadeInflation.asp
“Of course you know our debt to GDP is well above euro failure PIIGS socialist nations. You know, the ones that are failing miserably right now”
Not true.
Our public debt is 71% of GDP. France is 85%. The UK is 87%. Germany is 94%. Portugal is 103%. Italy is 118%. Ireland is 157%. Greece is 178%.
http://www.usdebtclock.org/world-debt-clock.html
Weimar Germany had the ability to print as much money as they wanted too. How many countries will accept a hyperinflated dollar as the world reserve currency?
“Inflation is at a 40 year low.”
It depends on what you purchase. Food and energy have been take out of the CPI. Personally I’m not buying consumer electronics or housing every week, things that are declining in price. My house is paid for so my disposable income goes primarily to food, energy, services (health care, haircuts, plumbers), and taxes all of which are increasing in cost much faster than the CPI. I find it hard to believe I can look forward to 1.7% increases in food, energy, property taxes, income taxes, and health care costs for the next decade.
” It depends on what you purchase. Food and energy have been take out of the CPI”
Yeah....that is like removing the heart from the patient : )
Well golly gee beav, lets be intellectually curious.
If we dont have to put treasuries on the open market and we print money (ala chinese direct access, fed ponzi buying, QE I and II and endless other manipulations) then there wouldn't really be any upward pressures on the rates and no screaming eagle sh!z, inflation looks like 1.7%. Obamanomics are a magical wonderland. Not that 1.7% is anything like an ACTUAL inflation rate huh slick. Dont look now, them looks like they above Jimmah Carter's famed rates.
Do you really wanna point me to usadebtclock after citing 15 Trillion in debt?
You're disingenuous at best, a leftist liar at worst and you're making the same stupid arguments made by an idiot leftist in my office. The same one that tried telling me Canadian health care has less wait times than the American one. Yep, yer a troll.
I am slighty offended that you would call me a leftist. My grandfather, his sister and 2 of my great uncles were deported to forced labor camps in Siberia by Stalin. I know the crimes of leftism/socialism/marxism. I never said anything about Canadain heathcare. I just posted some statistics on the inflation rate with a source that is http://inflationdata.com/inflation/inflation_rate/currentinflation.asp
What is wrong with the usdebtclock.com?
Nothing it wrong with usdebtclock.org, but it's incredibly disingenuous to cite 15 trillion dollars of US debt when the same site indicates 119 trillion (Not to mention approx 727 TRILLION in derivatives) in unfunded liabilities (liabilities = debt). Debt is debt is debt, whether we're huffing it onto seperate books with hopium or not. Who it's owed to matters naught.
I'm from just down the road from Tombstone in Sorry Vista, Az. Lemme tell you what makes it even more egregious is "forest" is a joke. It's a desert wasteland of rock and scrub.
Oh - I should have thought of that. And perhaps I am wrong - but I thought it was the “Forest” service.
I almost got kicked off a job for pulling my truck off the dirt road in the desert, onto the “regular” dirt with a few sage brush scattered about. Instead they gave us all a half-hour lecture on how the sage brush were in “environmentaly sensitive” zones where we COULD not park, and care was to be taken so as not to disturb the sage brush. I thought they were worried about some rare reptile or something - but it was the sage brush they were worried about! Miles and miles of sage brush!
This was the same place where it took a year and a half to get a permit (after environmental audits, etc.) to be able to bang on the ground with a sledgehammer to do a geology type experiment.
Here’s a pro RAT source , CNBC that says inflation is at 10% or so... Your data is fatally flawed because the methodology has been changed to create the illusion of low inflation.
http://www.cnbc.com/id/42551209/Inflation_Actually_Near_10_Using_Older_Measure
Thanks for this thread. You will have many more opportunities to post similar threads during this Obama/Obamalite Campaign Season.
LOL Thanks.
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