T.Stamps

The Next American Revolution: Main Street vs. Wall Street

These executive pay limitations are just a smoke screen for obamas
so called stimulus. Most of the stimulus is pork, to pay back
people that got him in the white house. He said he wouldn't do
business as usual

The End of the U.S. As We Know It: Tracking the Dollar Downward

Good article. For so long the left wing media has tried to bring down the economy. Now move-on.org and some media outlets are starting to reverse
and say maybe it's time to get back into the markets and invest in america.
It's all about power. The dems. are in charge so we need to come together.
Stay away from the market!

Economic Outlook 2009 - From One Month in

Sounds like a money looser to me.

The (Skeptical) Macro Economic Case for Optimism

Sounds positive. But did you see what's in that stimulus? It's
mostly pork. Obama said he wouldn't be business as usual.
Most of his picks in his administration have all kinds of problems ie
taxes, integrity issues etc

Obama's Role in the Market's Next Breakout

Maybe a rally. Only because of the cash infusions. But sell into it on the way up. Inflation.

Good Politics Is Often Bad Economics - Why the Stimulus Plan Won't Work

Obama promised not to be business as usual. He said he would bring change and the yes we can slogan. Did you see the pork in the
stimulus. I can't believe he's trying this.

Odds of Another Swing to Despair Seem High

FDR only made matters worse. Clearly WW2 did the majority.
Consume less than what you produce. Spend less than what you
make.

America: Is This the End of an Era?

Agreed, Way to much consumption. I don't think our president elect has
much of a clue. A lot of people who voted for him were the what's in it for
me crowd. My daughters college roommates stated they were voting for
Obama because he would pay off there student loans. We're going to have to feel a lot of pain.


On Jan 09 09:33 AM yada yada wrote:

> Hello?
>
> Is it just me, or does nobody in the mainstream realize that the
> US is totally and absolutely irrevocably insolvent? I realize that
> this is not an original point of view and that many smart people
> on the margins have been banging this drum for years, but how is
> it that this plain fact is not common knowledge by now, and the fundamental
> basis of all collective domestic and global economic policy as well
> as individual investment planning?
>
> We seem to be living in a literally insane mummery where people somehow
> believe that you can borrow your way out of a crushing debt burden
> and counterfeit your way out of a crisis of confidence in the currency.
> Kafka would have been proud to have created a fiction on par with
> the US of today.
>
> Again I ask: Hello?
>
> I do not have a degree in physics, but I did pass some of those classes
> in university. For those who have perhaps forgotten some fairly basic
> laws of conservation, let me review a little here. I have read that
> in recent years consumer spending is on the order of 72 percent of
> US GDP. How far out of my way do I need to go to point out that consumption,
> which is the literal DIGESTION of wealth (with the usual end product
> of digestion...) is not PRODUCTIVE. What genius decided that you
> should count consumer spending as a productive output of an economy?
>
>
> On the other hand, perhaps consumer spending really is the primary
> product of the US these days. And that is exactly the issue. Leaving
> aside questions of accuracy in the percentages of the components
> of the GDP number, any percentage of real GDP that represents consumption
> of more than 50% leads to insolvency. It's pretty simple physics.
> If you consume more than you produce, eventually you run out. If
> you are somewhat prudent, you would want to actually consume somewhat
> less than you produce, so you could save up a little surplus for
> unexpected costs that might crop up from time to time, like insane
> wars to secure supplies of foreign oil.
>
> Does anyone really, truly believe that the US at some point is going
> to actually make good on all of its foreign and domestic debts and
> financial obligations (including the various entitlement programs)?
> Are you kidding me? There are three choices for the US:
>
> 1) The US can default on its obligations
> 2) The US can massively inflate the dollar by printing to nominally
> pay down its obligations with the resultant debased currency
> 3) The US can do both 1 and 2
>
> One interesting question is how long this train wreck is going to
> take to play out. Lately, things sure do seem to be accelerating
> a bit. Another interesting question is how bad the fallout of this
> US-led train wreck will ultimately be in the parts of the world that
> are net productive rather than net consumptive.

ConocoPhillips: More Than Just a Great Stock

Good reading. Good stock

Gold ETF Reaches New Inventory High

Obamas printing up 1 trillion more dollars. Is that all these dems
can think of.

Manufacturing Collapse Reminiscent of Great Depression's Beginning

The left leaning media plus a little help from Dodd and Frank helped
tip the mood this far. I think the media and the dems feel now that it has gotten a little out of hand and now there not sure if they can stop the wave.
All for there hatred of consevatives. Plus in the name of power hunger.