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TheOracle

Biedrs kopš Jul 20, 2011  175 ieraksti TheOracle Jul 25 2011 at 12:39
Obama is clearly using the budget to his own political benefit, and so are the republicans. It will be very interesting to see what will happens to the E/U as the politicians keep suspense in the air. Overall i believe that America already is naked in public, while Europe is trying to cover herself in rags. I think we are half way through our crises while the PIIGS are still in denial ( or on cover up mode) so we should emerge ahead of the Eurozone.

Forex or bust!
zzzero

Biedrs kopš Jan 26, 2011  1367 ieraksti zzzero Jul 25 2011 at 21:58
mr oracle,

several economies are now in the process of melting down.

there will be no recovery from this crisis..

better save your pennies.

z/..


n/a
TheOracle

Biedrs kopš Jul 20, 2011  175 ieraksti TheOracle Jul 25 2011 at 23:24
I kinda agree with you Zero. this crisis could escalate and bring the end of the world with it. Lets see lol

Forex or bust!
TheOracle

Biedrs kopš Jul 20, 2011  175 ieraksti TheOracle Jul 26 2011 at 07:44

Thats curious! I didn't know that quarters were debt free money. very interesting!




Forex or bust!
TheOracle

Biedrs kopš Jul 20, 2011  175 ieraksti TheOracle Jul 27 2011 at 09:52 (labots Jul 27 2011 at 09:54 )
I was thinking about this last video and I don't get their point. They blame the FED for messing up the economy and they want the government to print 'debt free money' so we pay no interest to the bankers.

Thats all beautiful and nice theoretically.

Now if they really get what they want we will suddenly find the power of printing money in the hands of people like Barney Frank.

Do you really want that?

I understand that the FED is after their own interest not yours or mine but let me ask again.

Is the congress any better?

Abolishing the FED would just give it another name and maybe form. The crooks will still be behind the curtain manipulating the new institution.

The problem does not reside on who prints the money, or how good or bad they do their job. The problem is with the human greed.

Unless there is a revolution and they change the way politicians are elected, and make them be accountable for their promises, and enforce on them some serious liabilities when they screw up nothing will change.

Forex or bust!
James_Bond

Biedrs kopš Jan 14, 2010  556 ieraksti James_Bond Jul 27 2011 at 09:53

TheOracle posted:
    I kinda agree with you Zero. this crisis could escalate and bring the end of the world with it. Lets see lol


I believe the worst is already behind us, but I maybe wrong..

TheCyclist

Biedrs kopš Feb 07, 2011  724 ieraksti PipGnostic (TheCyclist) Jul 27 2011 at 13:18
Very wrong James.

We're heading for a crack up boom: https://mises.org/daily/4016

The US lifestyle just isn't sustainable. Jim Rogers was saying on BBC the other day no matter how much money you have it won't be able to buy you food, in the next few years. Not decades away, 5 years or so.

QE 1, QE 2.....

This is not new territory. I say again, in the 70's gold was $800 and ounce, the adjusted equivalent today is $3000 an ounce. We haven't even begun mate....

Show me your pips!!
James_Bond

Biedrs kopš Jan 14, 2010  556 ieraksti James_Bond Jul 27 2011 at 13:40
Interesting article.

So why haven't the bubble burst yet? Is it because the US government are trying very hard to damage control the situation?

TheCyclist

Biedrs kopš Feb 07, 2011  724 ieraksti PipGnostic (TheCyclist) Jul 27 2011 at 13:59
They don't even know what's coming. New generation. Just haven't had nothing to eat. That's why we have companies with patented seeds (read food supply) and water is privately owned.

I mean when is this deb ceiling raising event? On debt that there is no hope of repaying? US will default. Question is when and how....

US government is running a Ponzi. It will fold, soon as no one buys the debt. And I think you can start counting China out.


Show me your pips!!
TheCyclist

Biedrs kopš Feb 07, 2011  724 ieraksti PipGnostic (TheCyclist) Jul 27 2011 at 14:00
Let me see if I can find that interview for you.....

Show me your pips!!
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