President Obama will propose a six year public works program to combat unemployment, with $50 billion of up-front spending on roads, rail and airport runways. The administration says it will work with Congress to fund the plan without adding to the deficit, perhaps by cutting subsidies on oil and gas exploration and production. [View news story]
If anyone cares to watch and look deeper what do you think we might see? -Roads, Rails, Airports, Who's roads rails and Airports?
Warren Buffets Rails maybe? Do you suppose Illinois will get a majority of the road $$$? Will the money be distributed based on need or based on political support...
My bet is the money will be distributed as straight Pork...
I was under the impression that Goldman helped cook the Greek books to make their bottom line look better and allow it's entrance into the EU...
I agree that the Greed is cyclic but your logic on the loans is suspect...
Greece was Debt free in 1981 OK, BUT the EU and the Euro did not start going until the late 90's so what does Greece being debt free in 1981 have to do with anything...
"you owe to us as even your language comes from my alphabet."
Greece is a broken, corrupt, third world country... Your history makes your current state of affairs all the more shamefull....
You were once a proud country that lead the world now look at you just another welfare state getting handouts...
How are you fixing the problems that got you into this mess Greece? Will you grow from this challenge or sink further into the pit of fast and easy debt and hope that the zone continues to bail you out???
Greek Bailout Plan Increased by a Factor of Five [View article]
You mean the chinese are up to their old tricks...
--Currency manipulation --Pimping out their own people to include children --Communist strong arm tactics --Environmental nightmares
Go thirty miles outside any major chinese capitol and tell me how the vast majority of chinese are living, You have more chinese people living in mud huts and pig / rice farming then the US has people...
Do you really think people believe that China is what they saw in the Olympics?
Wanna be a responsible country China? I have two words for ya:-)
Markets Call EU's Bluff: Sliding Closer Toward the Abyss, And Implications [View article]
Great article and discussion.
Every morning that I wake up and read articles like this I get to feel a little smarter thus giving me the illusion of control to go out and start my day:-)
Sovereign Debt Resolution: So, Will the U.S. Sell Manhattan? [View article]
"When the moment comes where the status of the dollar comes under attack, how will the Fed respond? I don't think it has the tools to do so effectively."
I agree... When the FED can no longer handle it it will fall on another agency to solve the problem. It has happened before... Who is this agency of last hope that has been called on to solve the problem when nothing else has worked ? The Department of Defense:-)
Sovereign Debt Resolution: So, Will the U.S. Sell Manhattan? [View article]
I remember a flap a few months ago about the Empire State Building being lit up in red and yellow in celebration of the communist birthday...
This is where we learned that China owns the Empire state building (through a US holding company). Do a little research and you will find that the vast majority of these "Holding companies" are nothing more then dummy fronts to allow foreign ownership.... How many buildings in Manhattan and across the USA are owned by companies designated as Holding Companies, I bet more then any of us realize.
Manhattan is already sold we Americans are just now starting to realize it though...
Wall Street Celebrates While Main Street Suffers [View article]
If a member uses a personal action as a proof or justification of an action, that member has brought their personal decision into the discussion... If they have the right to cement their position by their expression of their personal action the board has every right to use it as a point of contention...
He leached off of the USA until it could not support him anymore so he went home... He does not have an interest in making the USA a better place, he is not a problem solver, he is an opportunist...
Wall Street Celebrates While Main Street Suffers [View article]
I hated to be rude but I'm not afraid to speak the truth... Maybe a little bit of rudeness is what this country needs to snap itself out of this mess... Remember that PC and universal equality are root causes of some of our current headaches.
If I said something that was not true please straighten me out...
Wall Street Celebrates While Main Street Suffers [View article]
RJMoran , Hate to sound to rude about this but you were part of the problem, It is a good thing you are back in Canada. It was American ingenuity that you came to leach off of then when things get tuff you jump ship?
The Public Debt in the Clinton era was as follows:
November 1993: $4,432,981,908,566.84 November 2001: $5,806,732,894,990.90
Nowhere in any record can I find where the public debt went down (surplus) in the Clinton years. Accounting tricks do not a surplus make:-) It is this flawed logic that lets folks point their finger at one side of the isle or the other which in turn keeps the masses oblivious to the greater systemic problems we are facing. This experiment called democracy is failing if we do not make a few key changes. -Term limits -Decentralize Washington Politics (Technology should allow this easily).
Keynesian Economics is in and of itself a policy of redistribution. The liquidity that the government is using to "prime the pump" under the Keynesian model still has to come from somewhere. Robbing Peter to pay Paul. Real growth is getting the $ into the hands of the people through job growth which in turn starts money circulating... This half assed attempt at starting the engine again but keeping the money out of the hands of the people as a way to prevent inflation is sadly funny and will be a dismal failure.
Of course when you are lugging around the kind of debt the U.S. is we have no choice but to try to keep inflation down because a rise in interest rates will break the bank.
Ironic that Keynes said this...
“The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood … Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist.”
It would appear that Washington is now the slave to the very economist that Keynes was refering to...
President Obama will propose a six year public works program to combat unemployment, with $50 billion of up-front spending on roads, rail and airport runways. The administration says it will work with Congress to fund the plan without adding to the deficit, perhaps by cutting subsidies on oil and gas exploration and production. [View news story]
-Roads, Rails, Airports, Who's roads rails and Airports?
Warren Buffets Rails maybe?
Do you suppose Illinois will get a majority of the road $$$?
Will the money be distributed based on need or based on political support...
My bet is the money will be distributed as straight Pork...
Watch and see...
Sources tell Reuters that General Motors will start its IPO roadshow after the Nov. 2 midterm elections, with a plan to price on Nov. 17 and debut the following day. (GM August sales) [View news story]
Fool me twice shame on me.
I'm sure the Fed subsidized / monetized market will snap up this IPO and MSM will be amazed at the high demand.
And the shell game for the shills continues...
Why We Don't Need Central Banks [View article]
Gold Rises as the Euro Vaporizes [View article]
I agree that the Greed is cyclic but your logic on the loans is suspect...
Greece was Debt free in 1981 OK, BUT the EU and the Euro did not start going until the late 90's so what does Greece being debt free in 1981 have to do with anything...
Gold Rises as the Euro Vaporizes [View article]
Greece is a broken, corrupt, third world country... Your history makes your current state of affairs all the more shamefull....
You were once a proud country that lead the world now look at you just another welfare state getting handouts...
How are you fixing the problems that got you into this mess Greece? Will you grow from this challenge or sink further into the pit of fast and easy debt and hope that the zone continues to bail you out???
Greek Bailout Plan Increased by a Factor of Five [View article]
--Currency manipulation
--Pimping out their own people to include children
--Communist strong arm tactics
--Environmental nightmares
Go thirty miles outside any major chinese capitol and tell me how the vast majority of chinese are living, You have more chinese people living in mud huts and pig / rice farming then the US has people...
Do you really think people believe that China is what they saw in the Olympics?
Wanna be a responsible country China? I have two words for ya:-)
Birth control
Markets Call EU's Bluff: Sliding Closer Toward the Abyss, And Implications [View article]
Every morning that I wake up and read articles like this I get to feel a little smarter thus giving me the illusion of control to go out and start my day:-)
Sovereign Debt Resolution: So, Will the U.S. Sell Manhattan? [View article]
I agree... When the FED can no longer handle it it will fall on another agency to solve the problem. It has happened before...
Who is this agency of last hope that has been called on to solve the problem when nothing else has worked ? The Department of Defense:-)
Sovereign Debt Resolution: So, Will the U.S. Sell Manhattan? [View article]
This is where we learned that China owns the Empire state building (through a US holding company).
Do a little research and you will find that the vast majority of these "Holding companies" are nothing more then dummy fronts to allow foreign ownership.... How many buildings in Manhattan and across the USA are owned by companies designated as Holding Companies, I bet more then any of us realize.
Manhattan is already sold we Americans are just now starting to realize it though...
Sovereign Debt Resolution: So, Will the U.S. Sell Manhattan? [View article]
Wall Street Celebrates While Main Street Suffers [View article]
He leached off of the USA until it could not support him anymore so he went home... He does not have an interest in making the USA a better place, he is not a problem solver, he is an opportunist...
Krugman on Right Track With Chinese Tariff [View article]
Wall Street Celebrates While Main Street Suffers [View article]
Maybe a little bit of rudeness is what this country needs to snap itself out of this mess... Remember that PC and universal equality are root causes of some of our current headaches.
If I said something that was not true please straighten me out...
Wall Street Celebrates While Main Street Suffers [View article]
It was American ingenuity that you came to leach off of then when things get tuff you jump ship?
Good riddance:-)
The Explosion of U.S. Government Borrowing - Both Sides to Blame [View article]
The Public Debt in the Clinton era was as follows:
November 1993: $4,432,981,908,566.84
November 2001: $5,806,732,894,990.90
Nowhere in any record can I find where the public debt went down (surplus) in the Clinton years. Accounting tricks do not a surplus make:-)
It is this flawed logic that lets folks point their finger at one side of the isle or the other which in turn keeps the masses oblivious to the greater systemic problems we are facing.
This experiment called democracy is failing if we do not make a few key changes.
-Term limits
-Decentralize Washington Politics (Technology should allow this easily).
Keynesian Economics is in and of itself a policy of redistribution. The liquidity that the government is using to "prime the pump" under the Keynesian model still has to come from somewhere.
Robbing Peter to pay Paul.
Real growth is getting the $ into the hands of the people through job growth which in turn starts money circulating...
This half assed attempt at starting the engine again but keeping the money out of the hands of the people as a way to prevent inflation is sadly funny and will be a dismal failure.
Of course when you are lugging around the kind of debt the U.S. is we have no choice but to try to keep inflation down because a rise in interest rates will break the bank.
Ironic that Keynes said this...
“The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood … Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist.”
It would appear that Washington is now the slave to the very economist that Keynes was refering to...