Posted on 12/28/2014 6:24:46 AM PST by Kaslin
America’s debt is soon to be 18 trillion dollars.
(and that is RAPIDLY growing)
Maybe we should pay attention to America’s problems for a change.
I wonder if anyone doubts why socialists are so desperate to prop up oil prices with environmental regulations. /s
Somehow I doubt the author's arithmetic.
We are basically functioning mostly as a highly leveraged world's bank with an empty vault that only contains a printing machine.
Oh no!
Now the Russians are going to sue the rating agencies!
Woe be upon us!
And before that, Pooty’s apologists and webtrolls will rush in to bash all banks, the World Bank, and all credit rating agencies.
/bingo
They will hack the rating agencies and become AAA+
Look up the total derivatives that would likely default if Russia goes down.
Look up Credit Default Swaps.
If Russia goes down, it could mean lights out for Europe. And that kind of a “flu” hits everyone.
You should be concerned.
Look China just surpassed America to become the world’s largest producer.
They CONTINUE to grow, we continue to buy ever-more from them, and we continue to go further in debt.
I a frankly much, much more concerned with China.
America has completely sold out. We need to bring back American industry, and stop buying everything from China.
If the GOP won’t do that, then we need a new party.
What we have now, is broken.
Completely.
Russia isn’t the problem. American dependency is the problem. We need to build up our own country once again.
Very likely, if history is a guide.
Nothing to see here, all of this is and was expected. They are normal consequences and symptoms of a DEBT BASED MONETARY System. Everything you see regarding the Banking System and Monetary Systems around the world is pre-planned and expected. It is Called Asset Stripping of a Nation and it’s people. The only possible outcome of a DEBT BASED MONETARY SYSTEM, Credit Money.
You will never get industry back in the US. We will become the low cost provider before that happens.
You are thinking too jingoisticly. America, is run by the oligarchs. This was most evident with the BS the House pulled right after the election. When the oligarchs run things, they only care about their money and power. It doesn’t matter where it comes from.
China is trying to bail out Russia. They will agree to oil and other resource trades that do not include the dollar. That will send billions back to the U.S. that will not bode well for us.
Russia can turn off the gas spigot to Europe. The U.S. has a lot of Nat gas, but we cannot transport it to Europe effectively. And we will not have that capacity for a long time.
The pieces are getting lined up against us. Europe will have to decide pretty soon which way they are going.
I agree China will be the emerging power. But it’s the Russian Bear and Putin who will start the process.
It should read 400 billion in foreign currency reserves, not 4000 billion.
The GREAT STORY of 2014 is how America’s Oil and Gas Production has reached RECORD Levels Despite Obongo!!!!!!
Thanks. I scanned the article, but after a critical error like that decided it wasn't worth a careful read.
http://www.reuters.com/article/2014/12/18/us-russia-cenbank-reserves-idUSKBN0JW24J20141218
and they need a lot of money to save their banks and oil companies. According to this http://www.timesofisrael.com/russias-economy-could-collapse-in-months-says-financial-forecaster/
Russia will experience a total economic collapse within months.
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