User 357705

Another Crisis Looms Right Around the Corner

That you would publicly admit your FATHER has no money is both sad and indicative of how awful FU Capitalism truly is. How one can justify letting your FATHER suffer like this is incomprehensible.


On Nov 27 12:37 PM TeresaE wrote:

> Seniors have more money?
>
> A handful maybe, or the retired government worker.
>
> But for my dad, who worked from the age of 12 until 69 (when disability
> overtook ability to stand on his feet for 10 hours a day), he has
> NO money.
>
> And thanks to government "help," he now spends over 35% of his social
> security on medicine and insurance.
>
> Could you live on less than $700 a month? Consider his house property
> taxes come out of that and they are $1500 yearly.
>
> Don't paint everyone with the government pension brush, very few
> are that lucky.
>
> At least the young can work - many just choose not to.

Another Crisis Looms Right Around the Corner

Patsy prize.


On Nov 25 12:23 PM fortypercent wrote:

> how about lets all be patriots. lets be stewards of this great USA,
> one nation indivisible.
> we have our country. we have all the stuff that makes the USA the
> USA. the problems are not great in my opinion. they are just problems
> that need to be solved.
> it is all very simple.
> we need to do three things.
> save more of all income and pay the bills and follow the laws. that
> is all.
> for a time this may mean more taxes( or some thing to increase revenue)
> so that the bills can be paid. for a time the government may need
> to cut services so that they can cut spending. it may mean that the
> average joe puts 10% or more of after tax money in deposit accounts,
> but also US citizens buying up more municipal, state and federal
> bonds. it may mean exotic, but profitable schemes are avoided because
> the legality is questionable. if we don't want to pay and save and
> not break the spirit of the law we must accept what happens to our
> nation. rather than shunning these easy and obvious solutions, why
> don't more americans do what is needed? i will start by declaring
> i love my country and i'm willing to pay higher taxes for deficit
> and debt reduction.
>
> there, do i get a noble prize?

Spot gold strikes another all-time high overnight, "and its liquidity-driven momentum shows no sign of slowing despite an almost unbroken run since a three-session correction in late October." To be seen: early bull market, or early stage exhaustion spike? Dec. gold +1.1% to $1,179. (ETF: GLD)

Dollar bugs have been conspicuously quiet of late......

10 Reasons to Believe That We're in a Depression

Uh, no. In most cases you send your young to die taking resources you're unwilling to pay a fair price for.


On Nov 20 11:45 AM MSimon wrote:

>
>
> Uh. We pay for them. That is not an entitlement program.

Time for the U.S. Economy to Reindustrialize

Now wait a second here. Incentives? (Gifts) Accelerated depreciation? (Accounting tricks) Need? (Can't compete in the marketplace). So, you are admitting that you can't make a profit unless that awful gubment steps in and helps you run your biddness? All that capitalism is best stuff is mere propaganda? Say it isn't so!


On Nov 15 02:55 PM flow5 wrote:

> Past due. We need comprehensive incentives (investment tax credits,
> and accelerated depreciation on research & development), from
> our Federal Government: to help reinvigorate our industrial manufacturing
> base (to produce higher quality & lower cost, goods & services),
>

Time for the U.S. Economy to Reindustrialize

On Nov 15 11:26 AM Duude wrote:

> while organized
> labor owns his administration......

Organized labor doesn't own the Obama administration. The Parasitic Class of banksters, oligarchs and their 'bonus crybabies' do.

The Global Oil Scam: 50 Times Bigger than Madoff

I'm shocked! Shocked I say!

There's a lot to like about the Dodd financial reform bill, says Felix Salmon, who calls it "a significant improvement on Treasury's proposals": great on consolidated bank regulation, less so where it reduces the Fed's powers.

Allot to like if you're a bankster!

Quest for the Droid Crowds: Not So Epic

An ode to silly senseless consumerism. 'My overpriced alarm clock'?

Dollar Danger: Iran's Oil Bourse Steps Up Activity

This action by Iran is the real reason Duhmerica is hell bent on attacking Iran.

Wells Fargo Earnings: First Leak in the Dam?

The author's last paragraph is a great question for which the answer is an unequivocal yes.

Niall Ferguson: Dollar Is Doomed, U.S. Empire Over

Very interesting what a year will do. Last year a few were saying USD is finished and Duhmerica is a has been. Those that did were flamed and banned from SA. These days it appears that there is a consensus that in fact USD is toast and Duhmerica is going down in flames. Yes, there are many who still are drowning in the kool-aide but its good to see many more who aren't. Too little too late however.

The Great Shift: China Rising, U.S. Falling

And you only have yourselves to blame! Do I hear a capitalist suggesting its wrong to maximize profits and shareholder value? More specifically when its the Chinese acting as they've been taught by their Duhmerican counterparts? All that talk about those that can't compete should fail applies to everyone else? The Chinese aren't the enemy you wish to brand them. The enemy is yourself. Wealth and power aren't built on debt.


On Oct 10 01:11 AM JeffDB wrote:

> Their rise has been rather ominous, particularly given their apparent
> mindset and hostility towards us, not to mention their worldview.
>
>
> I was speaking with someone some years ago who had come back from
> a visit to China and he said he was rather amazed at the attitude
> of some of the people he had spoken with.
>
> He said at one point his guide made a sweeping gesture towards factories
> as far as the eye could see, and he said that a few months ago that
> was all fields. He proceeded to matter-of-factly assert that China
> would bury the U.S. He said others made no bones of the fact that
> they considered us adversaries but were quite confident that they
> would prevail against us.
>
> If those are really their intentions, I have to wonder whether they
> might not be waiting for an opportune time to unleash a financial
> attack upon us. I imagine they could do so quite effectively by
> beginning to sell some of the mountains of our debt, or perhaps even
> stop buying more when we are most vulnerable. We're actually pretty
> vulnerable right now, and with the dollar already dropping quite
> a bit, it probably wouldn't take a lot to start a bit of a panic.

The Great Shift: China Rising, U.S. Falling

Its without surprise that the preponderance of comments here indicate their authors are either badly informed, sadly propagandized or in denial.

Meanwhile the Philippine, Korean, Thai Taiwan and even the Indonesian central banks were forced to buy USD to prop up the so-called reserve currency because its precipitous fall in value against many currencies is causing problems with all other economies. AUD again at .90.....

The Yuan may not become the new reserve currency but thats more the Chinese wish than anything else. Strong moves are being telegraphed that SDR are going to emerge as the new reserve currency as USD devalues 50%. The timing may be more rapid than expected.

Gold Hits Record High

Dollar bugs are getting stressed.


On Oct 07 10:52 AM Arthur Hau wrote:

> On Oct 07 09:11 AM JeffDB wrote:On Oct 07 08:43 AM Arthur Hau wrote:
>