Falling dollar.. Good or bad?

ImWithStupid

ImWithStupid

New member
I.O.U.S.A.

Movie

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[ame=http://www.youtube.com/watch?v=HBo2xQIWHiM]YouTube - I.O.U.S.A. Movie Trailer[/ame]

Bonus Reel #1

[ame=http://www.youtube.com/watch?v=8jICn_Tvnrs&feature=iv]YouTube - I.O.U.S.A. Bonus Reel: Dave Walker on U.S' Falling Savings R[/ame]

Bonus Reel #2

[ame=http://www.youtube.com/watch?v=uieHQOJjLfs&feature=iv]YouTube - I.O.U.S.A. Bonus Reel: Dave Walker Explains the 4 Deficits[/ame]

Bonus Reel #3

[ame=http://www.youtube.com/watch?v=FZlmqx8CNKc&feature=iv]YouTube - I.O.U.S.A. Bonus Reel: Dave Walker on Debt-to-GDP Projections[/ame]

Bonus Reel #4

[ame=http://www.youtube.com/watch?v=Dp8ZmQMCtqA&feature=iv]YouTube - I.O.U.S.A. Bonus Reel: A $53 Trillion Federal Financial Hole[/ame]

Peter G. Peterson Foundation

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W

wez

New member
That is some sobering stuff... still waiting for a couple to load. Not sure if I should go see that movie.. prolly pull all my hair out.

https://www.youtube-nocookie.com/embed/j7MCohPgkXo?feature=oembed
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Guys got my vote for Prez.. Things I've been saying since '95 when I shunned buying a house because of it at 25 years old. Watched em go from about $40,000 in the early 90's to $80,000 by '95 in my area. Then to $150,000 then to $250,000 and beyond.. People thought I was a moron.. they were all getting rich!

I am a moron, but not cuz of that.. I'm a moron for saving money slower than Greenspan could print it.. woe is me.

I love Suzi Orman.. She's rich.. and honest.

Our capital markets are functioning efficiently and effectively ~ GW

People first, then money, then things ~ Suzy Orman

 
ImWithStupid

ImWithStupid

New member
Billionaires say US debts need attention
By JOSH FUNK, AP Business Writer

1 hour, 35 minutes ago

OMAHA, Neb. (AP) — Two billionaires used the screening of a documentary in theaters across the United States on Thursday to urge the country to come to grips with its staggering debt load. ADVERTISEMENT

Warren Buffett and Pete Peterson were at the premiere of the movie "I.O.U.S.A." to add their views to the film's message: An economic disaster will befall the nation if the federal government's $53 trillion in debts continue to grow.

But Buffett said at a news conference before the movie's showing that he doesn't think the country's financial picture is quite as dire as the filmmakers portray.

"I do not regard our national debt as unduly alarming," said Buffett, who is chairman and chief executive of Berkshire Hathaway Inc., and is listed by Forbes magazine as the world's richest man.

Buffett said he's confident the country will be able to address its debts and remain prosperous, but he doesn't want to see the share of the U.S. gross domestic product devoted to debt continue to grow.

"We've overcome things far worse than what is going on right now," Buffett said, who was interviewed in the movie but is not backing it financially.
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Billionaires say US debts need attention - Yahoo! News

 
W

wez

New member
wow.. just saw almost 10% of mortgages are now in default or late.. surely more to come.

R.I.P. American dream.

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ImWithStupid

ImWithStupid

New member
wow.. just saw almost 10% of mortgages are now in default or late.. surely more to come.

R.I.P. American dream.

​
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Don't worry, the federal government is going to run things now. You know the same ones that run Medicare, that has a 31% fraud rating.
Gov't may soon back Fannie, Freddie

Friday September 5, 10:58 pm ET

By Alan Zibel, AP Business Writer

Gov't may soon take over troubled mortgage finance giants Fannie Mae, Freddie Mac

WASHINGTON (AP) -- The government is expected to take over Fannie Mae and Freddie Mac as soon as this weekend in a monumental move designed to protect the mortgage market from the failure of the two companies, which together hold or guarantee half of the nation's mortgage debt, a person briefed on the matter said Friday night.

Some of the details of the intervention, which could cost taxpayers billions, were not yet available, but are expected to include the departure of Fannie Mae CEO Daniel Mudd and Freddie Mac CEO Richard Syron, according to the source, who asked not to be named because the plan was yet to be announced.

Federal Reserve Chairman Ben Bernanke, Treasury Secretary Henry Paulson and James Lockhart, the companies' chief regulator, met Friday afternoon with the top executives from the mortgage companies and informed them of the government's plan to put the troubled companies into a conservatorship.
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Gov't may soon back Fannie, Freddie: Financial News - Yahoo! Finance

And you and I get to pay for their houses. :confused:

 
W

wez

New member
Awwwww... now that's not fair.. Bear Stearns got a bailout! Lawsuits here "we" come.. :rolleyes:

Lehman shares slide on Paulson bailout reluctance | Reuters

What should we call our new economy? How about.... Neocommuservatism?

It means.. new commies are served by the many for the good of the few.. Got a nice ring to it..

AKA.. serfdom.. yay us!

Ohhhhh look.. more poor billionaires. How will they feed their families? Hope they don't kill me for my food..

WaMu outlook weak but soothes some investors | Reuters

Hard times... Looks like AIG is on the brink too..

Wall St. ends flat amid Lehman vigil; oil a boost | Reuters

 
W

wez

New member
I might have to invest in a Swiss Army Knife pretty quick for protection and survival..

Should prolly start closing and locking my front door at night too.. the worlds a scaaaaary place.

 
F

Fullauto

Guest
not sure If I already said this, or if anyone know this already...

But I want the dollar to callapse... completely collapse...

I am patiently waiting for a civil war in this Country... It definatley on the way...

 
timesjoke

timesjoke

Active Members
not sure If I already said this, or if anyone know this already...
But I want the dollar to callapse... completely collapse...

I am patiently waiting for a civil war in this Country... It definatley on the way...
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The real reason for Americans to have the right to bear arms was to keep the government in it's place. With a populace that has the ability to stand up to it's leadership, you have a leadership that is truly accountable.

Today, the average person in America is a sheep, willing to stand there and watch as the next sheep is killed without even trying to run away. There will be no civil war, we will slowly become Canada instead.

 
F

Fullauto

Guest
The real reason for Americans to have the right to bear arms was to keep the government in it's place. With a populace that has the ability to stand up to it's leadership, you have a leadership that is truly accountable.
Today, the average person in America is a sheep, willing to stand there and watch as the next sheep is killed without even trying to run away. There will be no civil war, we will slowly become Canada instead.
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Nein! NICHT ! !

There must be, and I think I'm pretty sure there will be one... All the ingredients are mixed and I am simply waiting for the oven to come up to temp!

to quote myself, in memory of Wez...

"We used to be one nation under ***, now we are 3 nations sharing space!" :mad:

It will come... The play is already in motion! ;)

 
snafu

snafu

New member
Nein! NICHT ! !
There must be, and I think I'm pretty sure there will be one... All the ingredients are mixed and I am simply waiting for the oven to come up to temp!

to quote myself, in memory of Wez...

"We used to be one nation under ***, now we are 3 nations sharing space!" :mad:

It will come... The play is already in motion! ;)
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Hay Charlie... Helter Skelter was only a song. And I think it was about roller coaster ride.

Your a doom and gloom monger yeah know that? :p But seriously unless the government went into a marshal law across the nation and we were able to group under a single cause, I really don't see it happening. There's just to many causes and no conformity.

 
timesjoke

timesjoke

Active Members
Hay Charlie... Helter Skelter was only a song. And I think it was about roller coaster ride. Your a doom and gloom monger yeah know that? :p But seriously unless the government went into a marshal law across the nation and we were able to group under a single cause, I really don't see it happening. There's just to many causes and no conformity.
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Too many causes.........

People are more interested in the trainwreck that is Paris Hilton than what the canidates for President support. You cannot have an uprising without a common belief structure. If people cannot agree with what is wrong, then they cannot gather together to fight that wrong.

Most of America is made up of people who look to the government to solve their problems or to give them something. Hard to attack something that you need to exist.

 
F

Fullauto

Guest
Too many causes.........
People are more interested in the trainwreck that is Paris Hilton than what the canidates for President support. You cannot have an uprising without a common belief structure. If people cannot agree with what is wrong, then they cannot gather together to fight that wrong.

Most of America is made up of people who look to the government to solve their problems or to give them something. Hard to attack something that you need to exist.
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that is true... but what happens when the US is finally bankrupt?!

It has been my contention for years, and has also started to become the banter of many people, that the US treasury is insolvent... :eek:

So what happens when Our socialist tendencies KILL the already dead US treasury? When the Police don't get paid, and the social sec checks bounce, and teachers don't get paid, and the fuel stops.... what them?

it has been my theory for a long time that, Riots will start in Los Angeles, and people will think little of it... Until they stay lit past 2 weeks, then Miami and NYC will erupt... That will send the DOW Jones into a tailspin... People will withdraw funds from our banks, and nations from our shores...

and when the money is gone, and the bread and circus have run out, it will be most unfortunate that our economic divisions so closely mimic our racial ones, because this country will descend into a race war... our Final Civil War...

 
snafu

snafu

New member
that is true... but what happens when the US is finally bankrupt?!It has been my contention for years, and has also started to become the banter of many people, that the US treasury is insolvent... :eek:

So what happens when Our socialist tendencies KILL the already dead US treasury? When the Police don't get paid, and the social sec checks bounce, and teachers don't get paid, and the fuel stops.... what them?

it has been my theory for a long time that, Riots will start in Los Angeles, and people will think little of it... Until they stay lit past 2 weeks, then Miami and NYC will erupt... That will send the DOW Jones into a tailspin... People will withdraw funds from our banks, and nations from our shores...

and when the money is gone, and the bread and circus have run out, it will be most unfortunate that our economic divisions so closely mimic our racial ones, because this country will descend into a race war... our Final Civil War...
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I think that's when Canada will invade and take us over. :cool:

 
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