United States Heading towards a Depression?

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Blue Star, just what the motivation for your fixation might be is something for you to consider in understanding the present economic recovery and your inability to recognize the alternative consequences - the principals and policies of the previous Administration that incurred the "Great Recession" as prelude to an inevitable and prolonged Depression.

The present Administration and the 111th Congress interrupted History and a repeat of the 1930s Depression was averted.

Will the 112th Congress (R) cut spending as they should have in 2001 when they reduced revenue - lets hope so but as they were mistaken then to continue reducing the deficit they abandoned they are also mistaken now when it is the recovery that must proceed and not their political agenda.

 

I want everyone to notice, when I ( or others ) talk about bankers, Breezewood immediately talks politics. He descends immediately to a lower level.


Hey Breeze, I was talking about bankers... do you get it.... ( no question mark for the breeze bot ).

The "large financial institutions"... banks... are the ones doing the printing up of the money and distributing it to themselves, calling it "public debt".

 

What a minute there guy. What revenue was reduced? Can you be more specific?

 

Clue: April 15th....for those without extensions.

 

I cold easily see the Tea Party supporting Hillary Clinton for President. She has already criticized Obama being so indecisive he can't make a decision on the simplest matters

 

FACT.

Revenues to the federal government ROSE every single year post Bush Tax Cuts.

Source: US DEPT of TREASURY.

Breeze, your posts defy logic and intelligence.

 

And... we dont believe him...

[video=youtube;thSTpGnWEAs]http://www.youtube.com/watch?v=thSTpGnWEAs[/video]​

 

I think its safe to say he's full of crap.

 

The point is the 111th Congress prevented the Republican 07-09 Recession from becoming a Depression.

The 112th is a threat of repeating Republican past history in placing their politics above the needs of the country - sound legislation to continue the economic recovery rather than economic chaos.

Just how the legislation plays out in the next two weeks will determine whether history will be repeated or the new chapter in economic viability will be sustained.

 

You mean to say you have a point? BWHAHAHAHAHAHAHAHA!!!!!

The point is, you're full of you know what.

 

We are about to hear the other shoe drop. Regardless of what anyone says about a recovery, you quite simply cannot have 3 years of double digit unemployment without downward pressure on wages at every level. Simply too much competition in the job market.

When you add it all up,

• Fewer people with jobs, those
• with jobs earning less less, especially when accounting for inflation (based on gas and food prices, not the fictitious number from the fed)
• tightened credit at every income level
• conservative(low) appraisals based on a shakey real estate market

What you end up with is a tiny fraction of the people who used to be able to buy a home still being able to do so. Any market based on supply and demand is going to correct itself.

That is great news if you have a job and don't own your home, because the prices are likely to continue to adjust until enough buyers can enter the market via financing to take up some of the existing supply(which is enormous).

Of course thats horrible news if your currently own your home, because there is a good chance you'll see another 15% of its value fade away in the next year or so.

I've got a friend who bought her home in Reno with a $280k mortgage a few years ago. She still has the mortgage, though the place recently appraised for $85k. I was shocked she hadn't walked away from the paper already.

 

To put this into perspective, most of the "values" that are "fading away", were perceived values or inflated values, or what I like to call "OVER INFLATED PERCEIVED VALUES".

I'm a firm believer in the idea that everything for sale is worth for what someone is willing to pay for them.

Until you have the cash in your hand, you're house ain't valued at anything PERIOD!

So my guess is that house in Reno was probably never worth more than $85k to begin with. Just because a bank felt like lending money at an inflated rate does not mean it was worth it. You see very few people out there with the actual cash in their hands are forking it over 100% on purchases like this. Banks did and do and people getting the lending do.. Why? It's out of site, our of mind. If you had $280k in cash to spend in your hands and you looked at something that was likely worth 1/3 of that, I doubt you'd be willing to part with that cash...

People think differently when its their own money right then and there. And ultimately there is not real or even fading value, just over inflated perceived valuations of ... (I don't have a word for it.)

 

Breeze, the point is you just make things up and everyone knows it. Somewhere someone taught you some basic language rhetoric and you attempt to use it for linguistic manipulation - and you use it BADLY. Go back to your source and learn about how to establish credibility. Without credibility, your sentences become worthless.

 

Bernanke silent until documents forced into the open through the freedom of information act

US Fed. We finance the world. I'm itching to hear the analysis and spin on this.

 

The point is the economy under the present Administration has averted the downturn precipitated by the previous Administration and has been doing so since June of 09.

There is an absolute need to rein in the restorative measures used by the Federal Res. and the Administration that presently is being accomplished and the continued monitoring by Bernaky in securing the recovery from the expansionist pressures soon to follow.


Corwin: your juvenile obsession is only as humerus as yours and sadly the others that lack the acceptance of personal responsibility for the failed policies and principals of the previous Administration that is the very reason for the Thread that is being posted in.

 

You just had to ask..

Hey breeze, when you say humerus are you talking about corwin's shoulder?

 

Why does Breeze have a juvenile obsession with my shoulder?

 

Other than the announcement of a possible hearing on the subject it seems Rep. Paul and O are the only ones that do not understand fundamental Banking, the role of the Fed. Reserve and the Administrations successful curtailment of the deep Republican recession requiring the appropriate measures and the forthright effort in accomplishing the goals for a sustained recovery.

Interesting the committee does not expect Bernanke to testify, no politics in being reprimanded by the nations top banker as a discussion with Paul would undoubtedly answer for anyone not yet sure of Paul's insincerity.

Someday the Republicans may understand the word Liquidity but then knowing fact over fiction is not their priority at least in being elected to office.

 

What the bot is calling "the Fed" is a privately owned bank. The bot is anti-American.

 

Here is another option, coming July Fourth :

[video=youtube;DwDGVFbhGR8]http://www.youtube.com/watch?v=DwDGVFbhGR8[/video]​