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

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I'm not surprised that you are a hypocrite.

You don't know what the word means... you also failed to use the word "racism" correctly, and you constantly mis-use "socialism" and "fascism".


You didn't happen to go to that glen beck school thingy, did you?
 
Flashback: Every Dem Senator Including Obama Voted Against Raising Debt Limit In 2006…


It must have been because Bush is white.*

U.S. Senate Roll Call Votes 109th Congress — 2nd Session

As compiled through Senate LIS by the Senate Bill Clerk under the direction of the Secretary of the Senate
Question: On the Joint Resolution (H.J.Res.47 )
Vote Number: 54 Vote Date: March 16, 2006, 11:17 AM

Screen-shot-2011-07-16-at-11.01.30-PM.png


(Senate.gov)

*Sheila Jackson Lee logic.
 
Flashback: Every Dem Senator Including Obama Voted Against Raising Debt Limit In 2006…


It must have been because Bush is white.*

U.S. Senate Roll Call Votes 109th Congress — 2nd Session

As compiled through Senate LIS by the Senate Bill Clerk under the direction of the Secretary of the Senate
Question: On the Joint Resolution (H.J.Res.47 )
Vote Number: 54 Vote Date: March 16, 2006, 11:17 AM

Screen-shot-2011-07-16-at-11.01.30-PM.png


(Senate.gov)

*Sheila Jackson Lee logic.

Why did the republicans insist on spending MORE MORE MORE MORE MORE???
 
You don't know what the word means... you also failed to use the word "racism" correctly, and you constantly mis-use "socialism" and "fascism".


You didn't happen to go to that glen beck school thingy, did you?

You watch Beck. :cool: They both have the same ending, it doesn't really matter how you get there.
 
You watch Beck. :cool: They both have the same ending, it doesn't really matter how you get there.

Ah, so having "ism" means it's all the same.


So, in your mind; capitalism=facism=communism=socialism=statism.

You really are quite dumb.
 
Why did the republicans insist on spending MORE MORE MORE MORE MORE???

why are people comparing Bush's spending which was basically all voluntary (you can make your case that the Afghanistan War was defensive and we had to) but other than that not much vs Obama trying to get the economy going again. There is a fundamental difference between a person who spends to much money every month and someone who gets in an accident and needs to fix their car.
 
why are people comparing Bush's spending which was basically all voluntary (you can make your case that the Afghanistan War was defensive and we had to) but other than that not much vs Obama trying to get the economy going again. There is a fundamental difference between a person who spends to much money every month and someone who gets in an accident and needs to fix their car.

Except President Obama didn't wreck the car. Some drunken idiot wrecked it for him, handed over the keys, and retired to Texas. ;)
 
"The newest recession began a few months ago, or should we say downturn in an inflationary depression. There will be no recovery this year or next without $850 billion additional being thrown into the economy. No 3.5% growth. Perhaps a minus 4% if we are lucky. That should put unemployment close to 25% by 2012. After the news comes out that the term debt deal has been done the stock market will begin to slip downward.

"As this transpires we see a million more foreclosures and more the following year. In order for the economy to revive housing it has to revive and we see absolutely no chance of that happening over the next two years. As the Fed supplies buckets of money and credit inflation will scream upward. 25% to 30% is already in the pipeline for next year via QE and Stimulus 2. There is no way that can be stopped. That will be added to by the results of QE 3 in 2013. We wish it won’t be this way, but it is.

"There has been an inevitability since August 15,1971, that America and the western world would move from crisis to crisis until the financial and economic system eventually collapsed.

"For those who have been objective over those years what we are seeing today is no surprise."

"The crisis in Greece is finally causing contagion in Italy. The crisis of all six near bankrupt euro nations is upon us and it is permanent. Moody’s just downgraded Ireland again, at the worst possible time. Spain, which is in terrible shape, will soon follow. The EU members and their controllers, the banks, keep trying to put band-aids on their festering problem. Sooner or later they will have to face the music and that is those six nations will all have to go bankrupt along with the banks. All of you subscribers in the EU and UK get your funds out of the bank, now, and into gold and silver coins. If you don’t you may end up with nothing. If this goes on long enough it will take the presently solvent nations down as well.

"The European Union and the euro zone were ill conceived and bound to failure. After having lived in Europe for years, and being able to speak several of their languages, you get to understand people and the way they think. Both entities were anthropologically unnatural. Europe is still tribal. Just look at countries like Germany, France and Belgium where people speak different variations of the same language. In Belgium they speak two distinct languages. The EU’s major flaw was sovereign countries ran their own fiscal policies, as bureaucrats ran the EU. You have to either federalize all the way or forget it. The euro zone foisted one interest rate fits all, all on countries that should have never had the same interest rates as say Germany. We talked about both these issues 14 years ago, but as usual, no one was listening. From the very beginning the EU and the euro zone were doomed. Both are going to now begin the process of disintegration, as both are a failure. The six countries will go bankrupt, as will the banks. That will dislodge England and push it into bankruptcy and that in turn will force the US to follow. That may be the catalyst that forces a meeting of all nations to revalue, devalue and multilaterally default, hopefully such a meeting will occur long before this stage is reached. There is no question now that the game is over. The question now is when?"

If you have the stomach for it, there's a whole lot more @

Crisis And Collapse Unfortunate but Inevitable

http://theinternationalforecaster.c...risis_And_Collapse_Unfortunate_but_Inevitable
 
Nice try, but that's not what I said is it , Moron Chihuahua.

You said:

You watch Beck. :cool: They both have the same ending, it doesn't really matter how you get there.

The "ending" in reference being "ism"... which is shared by your small-boner inducing religion "capitalism"...

I reminded you of that fact, and you pretended that you were talking about something else.

Nothing new.
 
You said:



The "ending" in reference being "ism"... which is shared by your small-boner inducing religion "capitalism"...

I reminded you of that fact, and you pretended that you were talking about something else.

Nothing new.

I didn't mention capitalism, you did. Stupid Chihuahua.
 
Flashback: Every Dem Senator Including Obama Voted Against Raising Debt Limit In 2006…


It must have been because Bush is white.*

U.S. Senate Roll Call Votes 109th Congress — 2nd Session

As compiled through Senate LIS by the Senate Bill Clerk under the direction of the Secretary of the Senate
Question: On the Joint Resolution (H.J.Res.47 )
Vote Number: 54 Vote Date: March 16, 2006, 11:17 AM

Screen-shot-2011-07-16-at-11.01.30-PM.png


(Senate.gov)

*Sheila Jackson Lee logic.

They wanted Amerikkka to fail so they could win an election...

The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.
Senator Barack Hussein Obama, 2006

It is apparent that the majority of those in power in the United States refuse to recognize the dire circumstances the United States finds itself in and are captive to the false assumption that the worst case scenario could never happen here. If America continues on its present path, the citizens of this country will, to their detriment, find out that it can and will.

In response to the debasement of the US dollar and the potential collapse of the euro, many of the emerging nations of Asia are also operating under a loose monetary scenario. Most now have negative real interest rates, such as China where inflation is running at 6.5% per year yet the one-year deposit rate is just 3.5%. The same is true in India and many other countries including the United States. Thus more citizens, if they can, are turning to gold or tangible property.

It is not just individual citizens worldwide that are turning to gold, but many countries now see that metal as their only safe haven. Over the past few years many countries, in an attempt to diversify their reserves, which were overwhlemingly in inflated US dollars, turned to the euro. With the European Union now facing an existential crisis there is no other safe-haven currency that can absorb the cash flows.
China, therefore, has doubled its gold reserves in the past two years and there is active discussion in Beijing that the country should immediately embark on a program to increase those holdings by a factor of eight rather than buy paper IOUs from potentially bankrupt Western nations. Russia, India, the Persian Gulf states, the Philippines, and a variety of other nations have also embarked on a gold-buying binge.

Slowly but inexorably, the world is edging toward a quasi-gold standard as it become evident that most of the West and Japan have reached a debt saturation point and can no longer continue to debase the major reserve currencies without devastating consequences.

...

The consequences of having rigid and naïve ideologues in virtually all positions of power in Washington D.C. and in many capitals in Europe are becoming more self-evident by the day. Time and the options available to reverse course are rapidly running out. The present course of attempting to solve financial or economic problems by continuing to throw money at them has never worked and can only end in disaster. The dramatic turn towards gold and other commodities reflects the depth of this concern.
http://www.americanthinker.com/2011/07/the_global_de_facto_gold_standard.html

Who holds the most power in DC?

The Democrats have the veto.

The Party of NO!
 
But, U_D did get a neverending thread out of the deal . . . at least until 20 January 2013.
 
09-17-2009

With the Dow climbing near 10,000 again what's happened to all of the dire, end of the world ravings of our resident "conservative" economists?

Where is all of this inflation we were warned about? According to reports the Consumer Price Index is down 1.5% overall from last year. Despite Augusts increase in prices, gasoline is still down 30% from the high a year ago.

Despite the dire warnings of some of Lit's resident math wizards the Chinese are still very much interested in buying US Treasury securities.

I guess the sky isn't falling after all. :cool:

;) ;)
__________________
I'm Hungary for some French-fried €PIIGS!
A_J, the Incredulous
 
With the Dow climbing near 10,000 again what's happened to all of the dire, end of the world ravings of our resident "conservative" economists?

Where is all of this inflation we were warned about? According to reports the Consumer Price Index is down 1.5% overall from last year. Despite Augusts increase in prices, gasoline is still down 30% from the high a year ago.

Despite the dire warnings of some of Lit's resident math wizards the Chinese are still very much interested in buying US Treasury securities.

I guess the sky isn't falling after all. :cool:

;) ;)
__________________
I'm Hungary for some French-fried €PIIGS!
A_J, the Incredulous

Thanks for the reminder..

DJI closed at 12,479 yesterday.

Consumer price index is up 1.6% from 12 months ago

Average price for a gallon of gas still below the average high of $4.12 per gallon in July of 08 at $3.67 ($3.21 on my way home). Crude oil is about $50 per barrel cheaper than the price at the same time. http://http://www.GasBuddy.com/gb_retail_price_chart.aspx?city1=USA Average&city2=&city3=&crude=y&tme=72&units=us

In other news, China is still willing to loan us money despite the childish foot stomping of the Right in Congress.
 
Last edited:
UD believes WE are better off NOW then we were THEN

NICE:)
Thanks for the reminder..

DJI closed at 12,479 yesterday.

Consumer price index is up 1.6% from 12 months ago

Average price for a gallon of gas still below the average high of $4.12 per gallon in July of 08 at $3.67 ($3.21 on my way home). Crude oil is about $50 per barrel cheaper than the price at the same time. http://http://www.GasBuddy.com/gb_retail_price_chart.aspx?city1=USA Average&city2=&city3=&crude=y&tme=72&units=us

In other news, China is still willing to loan us money despite the childish foot stomping of the Right in Congress.
 
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