United States Heading towards a Depression?

Great news everyone! The recession is over! All the stimulus has the stock market shooting up up up! Just in time too, as the states are just now running out of the federal money they were given! Its cool though. Most states implementing double digit tax and fee hikes to make up the shortfall. I believe a plummeting dollar value, skyrocketing gold, and loads of wonderful new state and federal taxes are what most people call inflation. Since the fed rate is already pretty much at zero, it seems the fed thinks its time to print more money! YAY!!

Quantitative easing

Isn't it good to know things are better now? Carry on.

 

There's still troops in Europe and Korea some 65 and 55 years later kiddo. There will be troops in Iraq as long as you and I are alive too.

You my friend need to read the Constitution. It's there you'll find out the "meaning" that escapes you.

 

Meaningless??? Saddam's medieval torture of prisoners, including hammering nails into people's heads while he watches with a cigar and a glass of cognac in his hand - that is meaningless to you? Saddam making his losing Olympic athletes crawl on their hands and knees over broken glass - that is meaningless to you? Saddam killing hundreds of thousands of his own people with poison gas - that is meaningless to you? And is sending in troops to stop these horrible evils - is that completely meaningless to you, Breeze?

Breeze, you've admitted that you are a religious bigot and a racist. You've admitted these things yourself, right? Should we add cold-blooded? Breeze, do you feel that other people's pain is meaningless? Are you so coldly indifferent that you will ignore what you are reading right now because other people's pain is so meaningless to you that you doesn't even have the heart to respond?

You know, once upon a time, being a liberal used to be noble. It stood for comfort and compassion. We don't even know what you are. All you do is spew hatred. We don't even know how old you are or what you do for a living. What are you so frightened of?

 

Corwin, Breeze only knows what he's read in text books in grade school. You know, the ones that have an altered view of reality.

 

Isn't it good to know things are better now? Carry on.


Thanks to the liberal Democrats the nation is on the mend after just two years of sound legislative enactments and with historical National Healthcare legislation as well.

The zany midterm elections are the fly in the ointment, a creation of the reactionaries who are rebelling against their own misdeeds.

Fed rate at near zero and no sign of inflation? - that is why it is at ~ zero O...nation as to spur the economy, encourage lending and implement the many avenues of opportunity that has ended the Great pub Recession.

Lots of luck with your doomsday O...nation, swimming against the tape after the end of a recession is truly inspiring.

 

Foreclosure numbers at a record high again today.
Jobless claims up again this week.
86% of Americans believe we are in a recession.
NASA laid off 1200 people today.
Democrats left Washington to campaign rather than balance the budget.
More small businesses are failing today than at any other time in our history.

You're pretty young, so I guess I can kinda understand how a sheltered life and a lack of lifes experience would make you think this way.

The reality is, you are dead wrong. Things are not good, and not getting better.

 

The reality is, you are dead wrong. Things are not good, and not getting better.


You keep referring to the outcome of why you were voted out of office and replaced by people who have solved your misdeeds.

Wake up and be thankful.....the turnaround is progressing, you can not fool the tape.

 

No sign of inflation. LOL.


What do you think all the shit we buy from China is going to cost here in the US when our dollars are worthless? Note the near 15% drop in value over the last 6 months. Yeah. That is what is called inflation. If you had all your money in the stock market, the DOW would have had to climb to 12000 to have even broken even. You don't have 100% of your money in the stock market, do you Breeze? Let me guess. Your money is sitting in a bank account... US dollars bank account. Amiright?

Right. At zero and now using quantitative easing, because it cannot be dropped any more. If the economy is doing so well, WHY is it at zero, and WHY are they now printing more money(QE). Seems to me the "medics" are a panicked because the patient has flat lined.

Well, I'm not sure I can blame them for all of it, but they certainly deserve a good portion of the blame, specifically for the things you mentioned, among other things.

 

http://money.cnn.com/2010/09/30/news/economy/subsidized_jobs_program/index.htm?hpt=T2

I'm not referring to an outcome. I'm referring to the result of a Democratic controlled House and Senate for the past 4 years.

The only reason you do not see inflationary affects on our economy is because the fed is able to artificially manipulate it; something we could not do back when Carter bungled things up.

I guess there is one nice thing coming out of this though. I'll have paid for my 4.33% mortgage long before you've grown up and have your 18% mortgage.

 

The above is more blatant disregard for the truth.

 

Considering that none of the entire western world's money is backed by anything and can be created with just some computer key strokes, all we need to do to solve the world's financial ills is to start that master computer, put the cursor at the nd of the current account balance, and put a piece of corn on the number zero/ Then turn a chicken loose in the room. When it pecks at the corn, the worlds finances just increased 10 fold - problem solved.

We are at the end of a 40 year worldwide experiment with fiat money. Most are totally ignorant of what "fiat" means so how will they begin to comprehend the coming catastrophe when the system colapses. they will be their saying "What, how can I be out of money? I still have checks left! I still have credit card plastic?"

And we will be far, far worse than during the great depression. At least they understood what money really was.

 

Great points Bungee.

Gold/Silver, food, water and ammo. Ready.

 

No, the Patriot Act makes that impossible. Money represented in electronic form is now just as tangible as paper money. It's impossible to create electronic money "with just some computer key strokes".

 

Thanks to Shawn for the image.

 

Managing the economy under circumstances that could lead to its collapse is why gov'ts are created and the roles of the institutions established in its management.

To say the world economies have no material backing and can be manipulated in tandem is simply an irresponsible statement lacking even a rudimentary understanding of monetary realities.

The recession has been successfully concluded by the liberal gov't and a new Great Depression was averted - building for the future and reducing the national debt has already been accomplished by Liberals 10 years ago, the real question is do we replace the present functioning successful gov't with the politicians and policies that rely on myths as the above assertion or stay with the proven solutions already established.


The liberal gov't of the Obama administration has used all the resources necessary for the prevention of an economic collapse that was precipitated by its predecessor. The sucessful TARP funding as a clear example.

 

China has already prepared another place to sell things other than the States. In other words, they are prepared for the collapse of the dollar.

 

Ooops !



LINK

Quote :

In the first 19 months of the Obama administration, the federal debt held by the public increased by $2.5260 trillion, which is more than the cumulative total of the national debt held by the public that was amassed by all U.S. presidents from George Washington through Ronald Reagan.

 

You're a bit confused kiddo. TARP was signed into law by U.S. President George W. Bush on October 3, 2008

 

Of course, you are right, but Breeze will do what he always does - ignore facts and questions the he knows smash his position like a ping pong ball under a freight locomotive.

Unemployment is still at 9.5% with no sign of dropping, but Breeze has no compassion for those people. He just ignores them.

Breeze, how old are you and what do you do for a living?

 

That is correct but only after the market collapsed 750 points the day after congress initially rejected the legislation, conducted by Republican politicking over the national well being. Bush to his credit understood the severity of the situation and acted accordingly.

The Democrats / Treasury managed the account over 750 billion in liability at now a cost of ~ 50 billion and falling to save a nation from a Depression.....little thanks from the reactionary's.