What happened to all of the doom and gloom economic threads?

vetteman said:

I wonder how he liked Ryan's comment about Obama and the ship sailing on yesterday's wind?

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vetteman said:

I'm sure if they had Justice Roberts, he'd find a way.

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4est_4est_Gump said:

Bill would have used the phrase "Trade winds..."

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TurnerLeaf said:

no

he would say

HEAD winds

Tee Hee

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Vettebigot said:

Not true, I was comparing their relentless attack on teh American economy with teh merciless attacks of teh German wolf pack, not teh ideology that drove them. I could have just as well likened them to a pod of killer whales in a feeding frenzy, or teh over worked shark feeding frenzy. I'm all about variety.

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Vettebigot said:

Being attuned to teh sensitivity you have for your ponderousness, I thought it unkind to associate you with a whale.

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4est_4est_Gump said:

OH YEAH!!!

Well, let's put those numbers in proper perspective; let's talk FISKAR!!!



Or, maybe




tee



hee




F-150...

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Vettebigot said:

Jesus Christ, what a dunce.

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Jim Rogers: It's Going To Get Really "Bad After The Next Election"

By Terry Weiss, Money Morning

In a riveting interview on CNBC, legendary investor Jim Rogers warned Americans to prepare for "Financial Armageddon," saying he fully expects the economy to implode after the U.S. election.

Rogers, who for years has been an outspoken critic of the Feds policies of "Quantitative Easing," says the world is "drowning in too much debt." He put the blame squarely on U.S. and European governments for abusing their "license to print money." In the U.S. alone, the national debt has surged to nearly $16 trillion, that's more than $50,000 for every American man, woman and child.

"[They] need to stop spending money they don't have," Rogers said. "The solution to too much debt is not more debt... What would make me very excited is if a few people [in the government] went bankrupt..." Rogers added.

Rogers also charged Obama and German Chancellor Angela Merkel with promoting dangerous policies that create the illusion the economy is stable... but are really only intended to buy time before their upcoming elections.
Do these charts and graphs prove that the Obama Administration’s current economic path is headed for disaster?


"Mrs. Merkle has an election next year," Rogers said. "Mr. Obama has an election in November. The Americans and the Germans - they want to do everything they can to hold the world up until after the next election."

"It's going to be bad after the next election."

How bad? Worse than Rogers predicts, according to a new investigation.

In a newly released documentary that went viral last month, a team of influential economic experts say they have discovered a "frightening pattern" they believe points to a massive economic catastrophe unlike anything ever seen in the history of the world.

And according to these experts - who have presented their findings to the United Nations, the UK Parliament and a long list of world governments - the catastrophe may happen well before Americans hit the polls in November.

"What this pattern represents is a dangerous countdown clock that's quickly approaching zero," said Keith Fitz-Gerald, the Chief Investment Strategist for the Money Map Press, who predicted the 2008 oil shock, the credit default swap crisis that helped bring about the recession, and the Greek and European fiscal catastrophe that is still wreaking havoc until this day.

"The resulting chaos is going to crush Americans."

Another member of this team, Chris Martenson, a global economic trend forecaster, former VP of a Fortune 300, and an internationally recognized expert on the dangers of exponential growth in the economy, explained their findings further:

"We found an identical pattern in our debt, total credit market, and money supply that guarantees they're going to fail," Martenson said. "This pattern is nearly the same as in any pyramid scheme, one that escalates exponentially fast before it collapses. Governments around the globe are chiefly responsible."

"And what's really disturbing about these findings is that the pattern isn't limited to our economy. We found the same catastrophic pattern in our energy, food, and water systems as well."

According to Martenson, these systems could all implode at the same time.

"Food, water, energy, money. Everything."

Dr. Kent Moors, one of the world's leading energy analysts, who advices 16 world governments on energy matters and who currently serves on two State Department task forces on energy, also voiced concerns over what he and his colleagues uncovered.

"Most frightening of all is how this exact same pattern keeps appearing in virtually every system critical to our society and way of life," Dr. Moors stated.

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TurnerLeaf said:

Its OK

Its Bush's fault and the FUK has it under control


DEFICIT TOPS $1 TRILLION:“CBO, which releases estimates each month, said the government ran a $192 billion deficit last month. That’s the highest deficit ever for August, which is not traditionally a major month for running in the red. That deep monthly deficit powered the government well past the $1 trillion mark for the fiscal year. With a month still to go, the government is already running $1.17 trillion in arrears.”

Something that can’t go on forever, won’t.

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As for spending itself, during the George W. Bush years (2001-08), federal outlays averaged 19.6 percent of GDP, a little less than during the Clinton years (1993-2000), at 19.8% and far below Reagan, whose outlays never dropped below 21 percent of GDP in any year and averaged 22.4%. Even factoring in the TARP year (2009), Bush’s average outlays as a proportion of the economy was 20.3 percent – far below Reagan and only a half-point below Clinton. As for Obama, even excluding 2009, his spending has averaged 24.1 percent of GDP – the highest level for any three years since World War II.

Full piece @

The Facts About Budget Deficits: How The Presidents Truly Rank

http://www.forbes.com/sites/jamesgl...udget-deficits-how-the-presidents-truly-rank/

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