It's all Booshes Fault....

[ssd]

Nice charts - where from?

I believe in low taxes because eveything the govt does costs more than they said it would and I'd rather spend my money than have someone else spend my money - just my personal philosophy - I work hard for what I have.

2. No emotional sloganeering. Western Civilization is facing a real economic disaster - set in place back 40+ years ago. The can kicking and debt creation can not last forever - they can only inflate the balloon until it pops.

3. Sure - there were peaks and valleys during fixed money. Business cycle. The Fed and Central Banks think that they are smart enough to smooth out the business cycle curve so we only have an incline up. If it makes it to Press, the Libor scandal should shed some light on the corrupt international banksters - light that NEEDS to be shone on them. Would not be surprised if GOLD and Silver manipulation is found as well - mainly by JPMorgan but we will have to wait a bit longer to see on that one.

I'm personally well positioned for anything to happen - I'd rather not see the system go down in flames but the foundation it is built on - debt, smoke and mirrors absolutely sucks.

 

[Duff Miver]

Nice charts - where from?

.

Various sources. Right click to see the source. Not that it matters, since they're all based on readily available information.


Don't be at all concerned about the future. I have it on good authority that the world will end December 24, 2012.:scared

 

[The Sponge]

I'm a great believer in common sense. Unfortunately many who think they posses common sense, don't. They confuse common sense with emotion, superstition, dogma, and wishful thinking.

As well as fear Duff. What you state is the understatement of our lifetime.

 

[ssd]

I disagree with the % GDP chart for many reasons.
I do not have the time currently to present a good argument.
Suffice it to say - that was WWII. Govt spending dropped after it and the USD became the world's reserve currency - with all the benefits that provides.
US Industrial production jumped as we had factories and Europe and Japan, well, umm, did not.
People contributed to the war effort via War bonds and also saved what little money they could - which was then plowed into the economy when the war was over.


This time it is different - that is a nice snapshot but you need to look at all the variables at play there and how it fits into now.
Record low yield at auction today for US 10 yr's - so, someone is cramming lots and lots of money into low-yielding, safe US paper - hmmmmm ---Why?


And I forgot - famous (one of my favorite Krugman quotes)
"The growth of the Internet will slow drastically, as the flaw in "Metcalfe's law"--which states that the number of potential connections in a network is proportional to the square of the number of participants--becomes apparent: most people have nothing to say to each other! By 2005 or so, it will become clear that the Internet's impact on the economy has been no greater than the fax machine's." Paul Krugman - 1998
Brilliant!!!!

:0074

 

[Duff Miver]

someone is cramming lots and lots of money into low-yielding, safe US paper - hmmmmm ---Why?

Because it is backed by the full faith and credit.

You just said it yourself - the dollar is safe. At least safer than most anything else investors can think of.

Let interest rates rise, just to more normal levels, and you'll see how quickly gold can lose value.

 

[Duff Miver]

I disagree with the % GDP chart for many reasons.


that is a nice snapshot

Snapshot? It's sixty fucking years. Sheesh.:shrug:

 

[azbob]

Sponge...after Perot was in the debates, the Commission on Presidential Debates (who knew huh?) which is run by Democrats and Rebulicans set a new rule that a candidate must poll at 15% to be in the debates.

John Anderson got about 7% in 1980 and, other than the Perot years, the "other party" candidates have polled about 1-2%.

A big part of that is the two parties and the networks all conspire to maintain the status quo. That support includes all of the money that rolls in to ensure we don't have meaningful change. Most companies donate to both parties.

The only way to create change is to stop doing what we have always been doing. Unfornately, SSD is exactly right. After it happens, it will be so obvious to everyone where we are headed (worldwide financial disaster) and yet we are just standing by waiting for the same people who got us into this mess to get us out of it.

Maybe The Obama is the lesser of two evils...the problem is we are all debating that instead of paying attention to what the government is doing to us.

 

[Duff Miver]

where we are headed (worldwide financial disaster)

The azbob posts his typical fear and trembling paranoia.

Did your mother, the azbob, threaten you with the Boogeyman when you were a small child?


"Stop that playing with your weenie, Bobby or the Boogeyman will getcha'!"

Do you still have nightmares and wet your bed, Bobbie?

Gawd, it must really suck to be as cowardly as you. Shame on your Mama.

 

[ssd]

Duff:
I know WHY they are buying them - safety.

But I want to know WHY they want safety....

Thing I have learned - Bond market - which DWARFS the equity markets - is usually right....and stocks are usually wrong. Currencies are a mixed bag but are more right than wrong and get right quicker than equities.

 

[Duff Miver]

Duff:
I know WHY they are buying them - safety.

But, do you understand why these traders, many of whom are quite sophisticated, think they are safe?

Is isn't because they are based on some commodity. They aren't plowing multi-trillions into gold futures.

It's because they're based on the full faith and credit....

Which you claim is not safe at all.

See the problem there with your Armageddon forecast?:0003

 

[ssd]

Best of the worst.....

Most traders did not see 2008 coming, either.

Silly Buy and Hold investment managers - lol


US will hold up better than most, IMO.

Why is the US different than Greece and Spain in regards to deficit?


Only reason is US can print it's own money - Greece and Spain, as are all nations in the Euro, are bound by Man treaty into Eurozone and can not.

Only thing, again IMHO, that can save the Euro would be for the ECB to print money and buy sovereign bonds. By their constitution and the treaty, they can not do this.

What happens when China and Japan and UK decide to quit buying UST's?

Interesting times we live in!

 

[Duff Miver]

Best of the worst.....

Most traders did not see 2008 coming, either.

Although the writing was clearly on the wall by 2006. LOL.


What happens when China and Japan and UK decide to quit buying UST's?

Then they'll buy what? There's nothing else available in sufficient quantity. So, we get to screw them some more. Pay them 1% when inflation alone is 5%. And you think Benranke is stupid? LOL!

Interesting times we live in!

Not as interesting as 1929. LOL!

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