United States Heading towards a Depression?

The dollar is firming up due to the Greek financial crisis that also applies to the other PIGS - Portugal, Ireland and Spain.

I always say look at what happened in 1978 and 1979. There was high inflation and low unemployment until the economy collapsed into the 1980 & 81-82 double dip recession. At the time, the FED raised interest rates to 20%+ and the DOW as 1000.

I wonder what would happen should the FED raise interest rates to 10%?

What will happen if the FED doesn't raise rates and continues to print money?

The market is the tail wagging the dog. The stock and financial bubbles aren't building real wealth. The markets will be going down. That's easy to predict. It's harder to predict the when. That's where the big dollars are made.

Whatever the leading indicators, Government spending is unstainable. Medicare, Social Security, Freddie Mac/Fannie Mae, State/City Governments and you name it are broke.

State Pension funds are currently underfunded to the amount of $1 trillion and need to be bailed out.

The US deficit is currently approx $1.5 trillion for 2010 and will be the same for 2011.

 

when is the inflation bomb going to hit and is the depression avoidable

 

BW - Do you think Saddam Hussein was funding terrorism?
And, why are Liberals scared witless of that question?

 

NO, NO and NO. Only morons will claim otherwise.

 

how could you be so sure

 

A favorite stock market quote: Bull markets climb a wall of worry. - - Anyones guess what is next but just because it is cloudy out has never stopped a market from rising as proven repeatedly through history. The Fed. raising the bank rate is a sign they have a handle on the economy and one that has a very long arm that can last a long time - rates eventually will pull the market down but singing now while paddling down the river has a ways to go....IMO. No double dip till the next Pres. election 2016.

 

gworld, how could you be so sure?

 

Because if stupid Bush administration could have found ANY PROOF that Saddam was financing any terrorism activity, they would have repeat it hundreds of times in any type of media possible but despite their best efforts which included CIA, NSA and many other kind of agencies, they could not come up with smallest evidence.

 

1 soon
2 no

 

The underlying truth is the behind the scenes activity you are not spending time examining. You are making the "left" vs. "right" and fall for the artificial paradigm.

Before you praise one side and crucify the other, look at the voting record and stay away from basing your judgement on speeches.

You're hunting the wrong dog. The one that barks the loudest will get away while the little klaeffer is biting u in the ass from behind.

 

Do you remember when the news announced evidence that the Oil-For-Food scandal was being used to fund terrorism?
http://transcripts.cnn.com/TRANSCRIPTS/0310/18/cnnitm.00.html
http://www.nationalreview.com/comment/rosett200404182336.asp
http://findarticles.com/p/articles/mi_m1571/is_41_18/ai_95358025/
http://www.frontpagemag.com/readArticle.aspx?ARTID=3662
http://news.bbc.co.uk/2/hi/middle_east/2846365.stm

Even the left-wing PBS accused Saddam of funding terrorism:
http://www.pbs.org/wgbh/pages/frontline/shows/gunning/

And, in 1999, President Bill Clinton and the Pentagon's Foreign Military Studies Office announced Saddam was supporting and funding terrorism.


gworld - YOU ARE WRONG!!! AGAIN!!!

 

Not sure anyone was thinking of the "food for oil" that funded a few oil Co.s as well, kept Iran in check etc. etc. and tie in terrorism - everything works out just fine for everyone....

 

From your own links:

Do you even read your own links? Why do you think you can not find any official documents regarding this and you can only link to some journalists who "think" or "feel" and have a "gut feeling"?
Bush probably was the most stupid president in U.S. history and the followers seems to be no different.

 

This just in:

29,585,530,744.00 USD spent on 26285 contracts creating 32,694.89 jobs which comes down to 1,125,567.08 U.S.D. per job.


In my zip code 92109 as an example 2,648,434.00 U.S.D. were spent on 6 contracts and created a measly 1.14 jobs.

So let me get this straight: 6 contracts created 1.14 jobs?
the others just took them money and ran?

http://www.myloansconsolidated.com/2010/02/20/2648434-00-usd-stimulus-created-1-14-jobs/

 

You are being dishonest. This discussion isn't about WMDs, and the question wasn't about WMDs, and the links aren't about WMDs. The question was,

Do you think Saddam Hussein was funding terrorism?

And, gworld, the links say YES. Even liberal PBS did a special proving Saddam was funding terrorists. NOT training terrorists, FUNDING them!

gworld, you've been POWNED! In an EMBARASSING way!

Sucks, to be you in this discussion, doesn't it, gworld!

 

you got to give obama and his $787 billion bill credit for staving off the depression so far.

 

I was just reading that Obama's "cash for caulker" program is costing $30,000 per house.

It's something like $10,000 in parts and labor to do the work, and $20,000 to the government (and/or "lost"?) to administer that $10,000.

 

My quote was from the link that you posted and it showed that there was no evidence Saddam financed terrorism but I must admit that you are funny since your posts time after time by different posters proven to be moronic but you still run around shouting I won, I won like anyone is that stupid to believe you.

 

gworld, first of all, thanks for showing us, once again, how childish you can be.

Second, you know that I never said Saddam was funding al-Qa'ida. Or are you implying that al-Qa'ida is the only terrorist organization?

When you pick and choose your quotes, it simply makes you look desperate.

Try to show some self-respect and write like an adult.

 

Since there is no official documentation which confirms this link, I can only imagine that you like the other Bush supporter in this forum have a secret communication chip implanted in your brain that let's you communicate with aliens and Men in Black and they are telling you things that rest of us are not suppose to know.