Neal Vanderstelt

FOMC Meeting: Fed Talks Tough on Inflation

The national dept is so high that each american would have to pay 31k to pay it off and it's getting worse everyday. americans have are not only sunk from the national dept but everyone is in debt to their mortgage loans and credit cards. what happens when people and the government keep borrowing is they go bankrupt because they get trapped paying on only interest and eventually loose everything. the gdp was boosted by tax checks. everyone knows how bad it is. i used to be an independent trucker so who do you think your fooling? there's absolutely no economic strength. corporations can barely do business and the independents have a slim chance of surviving. the average age of the population keeps getting older and with less able-bodied workers. with debts so high and no earnings growth potential do you really think the economy will improve out of thin air? this is all propaganda to ease a patient at the operating table on their last legs. the problem is not even a global one because other countries are in different economic cycles. our government spending and bad economic policy has sunk the ship.
if you don't think the value of the dollar can go lower your just painting a false picture of hope. just because crude has corrected from record highs doesn't mean the dollar is strong. remember 100 a barrel was considered too high. this will only deteriorate over time. so it's not a panic overnight drop but in time it will erode with the macros being so bad. Remember a similar situation happened in Japan and it went though a very long period of deflation. The same is happening now.