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Thread: The sky has finally fallen...
06-24-2010, 11:43 AM #358
I think BullShiit Obama approval rating is an issue at this point. I am really scare at this point. Especially on the next bubble that is bursting. US dollar. Why? Look at the history. Before we got real estate bubble in 80s. dot.com bubble, tech bubble in 90s and financial and sub prime bubbles in 00s. People/investors pump money into a certain area of economy. Let's put it this way, you put a little money into a risky investment and hope for big payout. In case you are wrong, you only throw away a little money. Now everyone is putting the money in US dollars and US T bonds and T bills. What happen is the rating agency is wrong (and we know they have been several time in history) that US does not deserve AAA rating right now? Guess what, this will be the mother of all bubbles. Inflation, high unemployment, depression, is just the beginning. Pretty soon, I will have to ask for payment in silver or gold, not in USD. Currency is just paper to wipe your butt... Soon the penny in your piggy bank is worth more than a dollar bill.
Remember, 12/20 2012 is just a year and half away.
06-24-2010, 12:39 PM #359
06-24-2010, 12:44 PM #360
obama administration is still preaching them spend spend spend their way out of this financial crises.
i think california could use a bailout just about now. It sure is one of the BIG one that is just too big to let it fail
Last edited by cooler; 06-24-2010 at 12:50 PM.
06-24-2010, 01:10 PM #361
06-24-2010, 01:19 PM #362
06-24-2010, 01:30 PM #363
The problem is not the little people, not the employee of a company. It is with the leader of the country, CEO of the company. Here is something I am experiencing every day. We have a CEO rely on his sr. management team which is just bunch of @$$ kissers. All they do is calling meeting after meeting. Acting busy like they are trying to solve the problem of decreasing revenue and increase cost. A pre-meeting today to discuss when we need to schedule next meeting and what we need to talk about in the next next meeting after we schedule the next meeting. So we have 2 meetings and produce nothing. A "project" manager say, "you should not enter the section #6 before section #4, it is like putting the horse in the back of the cart". WTF, have you ever go shopping in the grocery store? Where do you stand in relation to the cart when you shop? There is a reason why I start #6 before #4. It is because the dumb @$$ project manager like you, who kiss @$$ everyday and never actually work on a project in your life who decide step #4 should be before #6. Smart workers adapt and figure out some time #6 need to be before #4. Those people should be the manager. Not the some @$$ kisser who went to some night school MBA and take some classes and think they should be manager because they have "MBA" (mind of bunch @$$holes).
Sorry for this post if you have a MBA degree. You know what other meaning of MBA out there too.
06-25-2010, 12:39 AM #364
when the gov't sold out to some private scammers called the fed. reserve, people were led to believe the printing press money were real money without backing of gold and silver. The founding fathers never intended that way,
Constitution for the United States of America
Article. I.Section. 10. No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.
real money in the wallet is 5,10,20,50 and 100$ gold notes
here's a real 20$ bill
Last edited by cooler; 06-25-2010 at 12:52 AM.
06-25-2010, 01:22 PM #365
Did he even read the freaking bill before he claim his victory? Everyone on the wall street say it makes very little difference...
Oh, he is just going to say it is a bone headed move that he did not read the fine print.
06-29-2010, 04:01 AM #366
There was a mention abt the double dip not too long ago??..
..here's something to ponder upon..
'Double Dip'? Or Did the 'Great Recession' Really Never End?
Posted Jun 28, 2010 12:54pm EDT by Aaron Task
Monday's weak consumer spending data is the latest in a string of reports that has many Americans worried about a "double-dip" recession.
Then again, considering the unemployment rate has remained elevated, many Americans would be forgiven for thinking the recession that began in December 2007 still hasn't ended. Notably, that's the view of the National Bureau of Economic Research (NBER), the nation's official arbiter of economic expansion and contraction.
Among the signs suggesting the NBER is right to hold off in declaring the recession over:
06-29-2010, 04:14 AM #367
If it is as bad as you chaps say then how about going to China for a job? Only Caucasians qualify. Chinese companies are renting "Whites" for their appearances. It is getting to be big business.
06-29-2010, 09:52 AM #368
Yeah? look at the exodus of foreign companies. Soon china will have high inflation due to people making money left and right from the infrastructure boom. Then high unemployment because companies leaving china for cheaper labor. What is next? WWIII? Unless china break the promise to un-peg from dollar and use military to suppress the upcoming unrest from workers, flood victims. Another revolution?
06-30-2010, 06:08 AM #369
Many of you may have heard about the recent labor unrest problems and strikes in China. LOL, the Chinese government in fact welcomes such strikes because these strikes are a better market-driven alternative to having to close down plants that use cheap labor to produce non-hightech products.
The Chinese government has been closing low tech polluting plants in the Pear River Delta for some yeras now, but comes at some political costs.
Strikes at Foxconn, Honda, and Toyota plants in China actually help the government to clean up unfair wage practices and exploitation at no cost to the government.
06-30-2010, 06:16 AM #370
The UN has called on the world to get rid of the US dollar as a reserve currency. The US dollar has been blamed for all the recent ills of the financial meltdown. This is from the UN, not China, Russia, India, Brazil or any African country.
By debasing the value of the US dollar the US is in fact manipulating its currency by selling its dollars and at the same time knocking down its value by resorting to the printing press. If the US were not a super power it would be charged with the most heinous crime.
07-03-2010, 12:51 AM #371
07-03-2010, 02:58 AM #372
Have a look at what the UN thinks about the US currency http://www.presstv.com/detail.aspx?i...ctionid3510213.
The US has been screwing all the developing countries and they now have the cheek to accuse many Asian countries of manipulating their currencies.
The US right now is holding a security think tank meeting to discuss about the threat China poses to the security of the US, both military and economic, should China start dumping US treasuries. They are getting paranoid about something that is not going to happen. The danger is that the US will start a strategy of containment, which is useless in today's global world.
A much more serious threat on the horizon to the US, militarily, economically, and its standing in the world will come when the world decides to dump the US currency. Then the US economy will implode and it will be faced with bankruptcies a hundred times worse than Greece. Once the US currency loses its currency reserve status, the US will no longer be able to borrow huge amounts of funds. Interest rates will shoot up to prime+5%, companies will collapse from such high interest rates financing, and the US will see a massive emigration from people to companies outwards.
The only solution is to manage this transition painlessly. Countries holding vast amounts of treasuries, particularly China, Japan, Hong Kong, Taiwan, Singapore, Russia, etc must manage the switch from US treasuries gradually say over 20 years instead of abruptly. This is to give time for the US to reform, spend less and save more because there will no longer be loans. This will also mean the collapse of huge white elephants like its military spending, irresponsible healthcare spending, elimination of grants to other countries, and increase their gas prices to that of Europe.
Beggars cannot be picky and for this assisted transition the US must be more humble in its relationships with these countries in particular and the world in general. Otherwise, it is kaput.
07-03-2010, 03:05 AM #373
07-06-2010, 12:24 AM #374
"Miss me yet?"
"how's that hope and change working out?"