Great article on the reality of the government's agenda

[JsJs24]

Re: Great article on the reality of the government's agenda

dollars got me very worried right now, with all the global upheavel the dollar shoulda rallied and it did not, the euro did

out dollar if it does not rally in the next 7 days, could go into a tailspin, hmmmm, right around time of debt ceiling, which one repub from utah has vowed in the senate too filibuster it

all u hear is rhetoric of, oh my god, if debt ceiling isn't raised we default, balderdash, it just says, u're a friggin addict and u need to be stopped

The dollar is my biggest concern too. I happen to have a decent amount of them in my savings and am trying to decide what to do. The higher the inflation the lower my net worth. Inflation is the biggest way for the government to steal the wealth of its citizens. I'm thinking stocks, gold and silver, and other commodities but it may be too late to invest in some of them since another recession is bound to happen. Thus, I have been holding tight but then I have to worry about inflation. The trap is set it seems to me and I don't know how to get around it without losing too much savings. Just the other day my brother called with the same concern. Now he is a bit less concerned than I am of the doom and gloom typically, but he too is concerned about his savings. And he is an economics professor and the economist for the city he resides in. Here I was telling him how worried I was all along and he would say not to worry because inflation won't necessarily hit us too much, and now he is worried the same as I am. Go figure.

[trip]

Re: Great article on the reality of the government's agenda

yeah, that sucks, js, in the same boat, volatility hampers planning unless you're early and committed

imho, bernanke is painted in a corner, and he is suseptible too outlier events

imho, qe2 was a direct result of bp oil spill, economy wise we had just about made it over the hump and that dislocated things, if ben had another one happen back too back he'd be in big doo-doo, i'm sure now he's pooping about debt limit, if they raise it does the dollar crashhhhhhhhhhh, hmmmmmm, and long term rates are ticking up and he's funding all short term

imho, qe2 got goosed by extension of bush tax cuts, and then pakistan floods and australizn floods wiped out so much farmland inflation is picking up speed

alot of it is game theory imho

[JsJs24]

Re: Great article on the reality of the government's agenda

yeah, that sucks, js, in the same boat, volatility hampers planning unless you're early and committed

imho, bernanke is painted in a corner, and he is suseptible too outlier events

imho, qe2 was a direct result of bp oil spill, economy wise we had just about made it over the hump and that dislocated things, if ben had another one happen back too back he'd be in big doo-doo, i'm sure now he's pooping about debt limit, if they raise it does the dollar crashhhhhhhhhhh, hmmmmmm, and long term rates are ticking up and he's funding all short term

imho, qe2 got goosed by extension of bush tax cuts, and then pakistan floods and australizn floods wiped out so much farmland inflation is picking up speed

alot of it is game theory imho

You make some very good points Trip. I could see all of that being true. One thing is for certain though imo, the dollar is cruising on thin ice. If the other countries lose confidence we're doomed. Unfortunately for Americans, I think we have as many wrong people in the positions that matter to ever remedy the situation. Obama is a lawyer who has no business experience, his cabinet has none, Geitner ran the NY Fed Reserve which failed to realize the fiscal crisis, and Bernanke is a former professor. We're doomed.

[trip]

Re: Great article on the reality of the government's agenda

imho, bernanke is as foolish as greenspan, for some reason they believe people act rationally, bernanke is printing money like no tommorrow at the same time whenever he speaks he says, ummm-oh, the congress has to get things in order, that's his f'n believe system, congress has to do what's right, roflmao, 75% of them are millionaires and if the money stops they get major league hurt

i reviewed obama's new budget, it is insanely stupid, off the charts imho, apparently we wil grow like we have never grown before after 2015, double our best growth rates ever, when we have structural unemployement and the demographics are not in our favor, completely silly and useless

i'm getting a bad feeling, no repubs have announced presidency because mitch mcconnels plan, which is get rid of obama is based on one thing, obama must be made too look so incomeptent as too be unelectibale, the only way that could happen is another bear market of 40-50%, and more job losses, the fed just asked for another stress test of banks with 11% unemployemnt, qe2 is suppose to end in june, if we start to deteriote, which is very likely because margin compression will hit all sectors, especially if oil goes over 100 bucks, obama will be unable to do anything economically

so this budget ceiling thing might prove to be a gambit to strike some fear in the market, and then they gin it up and up and up, and then in september i bet all the repubs announce, and the slogan will be drill babeeeeeeeeeee drill, more tax cuts, and budget amendments etc...............they will use the tea party

if obama spend all of 2012 in chaos, crisis after crisis, he will probably be a loser, and the independents will roll with the republican

then they will get in and do who knows what, because when u believe in keneysian economics with no piggy bank during good times, you're basically no different than greece, ireland or spain

if the republican win it will be ineresting to see what they do to generate revenue

[JsJs24]

Re: Great article on the reality of the government's agenda

imho, bernanke is as foolish as greenspan, for some reason they believe people act rationally, bernanke is printing money like no tommorrow at the same time whenever he speaks he says, ummm-oh, the congress has to get things in order, that's his f'n believe system, congress has to do what's right, roflmao, 75% of them are millionaires and if the money stops they get major league hurt

i reviewed obama's new budget, it is insanely stupid, off the charts imho, apparently we wil grow like we have never grown before after 2015, double our best growth rates ever, when we have structural unemployement and the demographics are not in our favor, completely silly and useless

i'm getting a bad feeling, no repubs have announced presidency because mitch mcconnels plan, which is get rid of obama is based on one thing, obama must be made too look so incomeptent as too be unelectibale, the only way that could happen is another bear market of 40-50%, and more job losses, the fed just asked for another stress test of banks with 11% unemployemnt, qe2 is suppose to end in june, if we start to deteriote, which is very likely because margin compression will hit all sectors, especially if oil goes over 100 bucks, obama will be unable to do anything economically

so this budget ceiling thing might prove to be a gambit to strike some fear in the market, and then they gin it up and up and up, and then in september i bet all the repubs announce, and the slogan will be drill babeeeeeeeeeee drill, more tax cuts, and budget amendments etc...............they will use the tea party

if obama spend all of 2012 in chaos, crisis after crisis, he will probably be a loser, and the independents will roll with the republican

then they will get in and do who knows what, because when u believe in keneysian economics with no piggy bank during good times, you're basically no different than greece, ireland or spain

if the republican win it will be ineresting to see what they do to generate revenue

It already looks like Obama doesn't have a clue. The man has never had a real job in his life, and he hates capitalism. I wouldn't be surprised if they are intentionally destroying the dollar so that we have to move to a global currency.

As for Keynesian economics, the whole world seems to prefer it, yet every financial and economic failure was brought on specifically because of Keynesian econ.

Oil will pass $100.00 per barrel. I just wish I would have invested in it when it was cheap like I told myself I would do. Once the price of oil skyrockets further, there will be another economic collapse imo. People will begin defaulting on auto loans, credit cards, and mortgages. The Austrian Economists believe the next collapse will be worse than the first one, and I think they are right. Ron Paul believes the dollar will bust, and I think he is right too. The only thing I can think is that this is all being done intentionally considering our close ties with the UN and World Bank. They want a global currency and Obama I imagine does too since he is right in line with all the socialism crap.

If chaos breaks out here there may not be an election. I remember when Bush was in office they were trying to pass a bill (not sure if it passed or not) that would permit the president to stay in power past his term if a crisis was present. Either way, I fear the dollar is going to bust, regardless of who is in power. I still contend that Republicans will not cut the budget enough to remedy the situation. A few hundred billion dollars will do nothing, they have to cut trillions and do away with hundreds of social and wasteful programs. But if you look at the reaction in WI then you can be sure that the entire country would be in chaos if they start cutting on a larger scale. I believe the unions will destroy the country because they are so radical and don't think about the economics of the rest of the country, they are only concerned with themselves. Their numbers are not near as large as the private sector, but they are the type of organization that will strike rampantly causing economic turmoil. I have been saying that the same thing happening in Europe will happen here, and WI is the first state to do so. NJ, CA, NY, and others will follow.

[FUZO]

Re: Great article on the reality of the government's agenda

If anyone thinks this Idiot president is going to win relection please examine your head,it wont happen. The chaos that is starting across our country is only going to get worse because of this Idiot Blojama and his ways. The American people see it this time its a no brainer.

[trip]

Re: Great article on the reality of the government's agenda

i'm still not as negative on obama, imho, he just has been completely middle of the road, during a recession you stimulate, follow keynes plan

it is what i call the expert syndrome, u make decisons based on experts to cover you're ass, if things go bad you say, hey all the experts agreed,

when you're dealt a bad hand, one or two cards sets the agenda, he went with healthcare versus jobs, he saved wallstreet versus mainstreet

the whole deal of all the saving of wall street was too prevent social unrest, two years later what do we have, social unrest almost worldwide

my fear is the republican play book is too save america we must destroy america

i'm not a one world currecy person, hell, we on the board can all agree on only maybe 20% of stuff, the euro is in deep doo-doo, germans are outraged at having to save all the slackers in europe

the administration and worlwide the whole fear is lack of credit, if people will not lend, growth becomes nill and bankruptcies become rampant, one more down leg and alot of people will say, not with my money at .o5% or whatever u might as well keep it in a mattress, there greatest fear, and like there fear was social unrest,

the law of averages say one day the rich will screw up royally

[FUZO]

Re: Great article on the reality of the government's agenda

TRIP DUDE ARE YOU SERIOUS HE'S KILLING ARE COUNTRY AND I WILL PUT ALL MY HATRED ASIDE AND JUST LOOK AT HIS POLITICAL ISSUES WHICH IS WHY I HATE HIM ON THE TABLE AND THEY SUCK AND HURT US BIG TIME. HE HAS MADE US WORSE THEN BUSH DID BY 2-3X AND YOU STILL ARENT NEGATIVE ON HIM.

[JsJs24]

Re: Great article on the reality of the government's agenda

i'm still not as negative on obama, imho, he just has been completely middle of the road, during a recession you stimulate, follow keynes plan

Are you suggesting Keynes or just explaining what Obama did? The stimulating hasn't worked imo, and only makes matters worse. It's stimulating with money we don't have for jobs that are short term and take away other jobs from other sectors in the economy.

[trip]

Re: Great article on the reality of the government's agenda

every country worlwide stimulated, every one used keynes playbook, this was a worlwide co-ordinated effort, once a few countries did it, it became easier for all, using the experts playbook

as my parents always said, just cause someone jumps off the brooklyn bridge will u

all i'm saying is he had to pick a direction, imho, few are satisfied with the direction, imho, his direction was smack dab middle of the road

i have no clue as to how things will work out, it is just the things i see i do not like are the fact they are taking keynes too extreme, the governments, almost all worlwide are the lenders of last resort, this is exactly what japan has done, and how is that working out

i prefer to do research on items that pop up and try and understand both sides to determine what MIGHT really be going on

like wisconsin, this is all a gambit to break up public unions nationwide, because public unions are number one donators to the dems, the republicans are in a big vise due to demographics, ie, minorities, hispanics, if the republicans can pull this off it's a huge gambit

the wisconsin governors actions are pure and unmitigated bullshyte, imho, it's just another pay-off too donors of his campaign, how u might ask

as soon as he get in he passes 150 million in tax cuts to stimulate small business so they can move from illinois to wisconsin, he says, he illionois is taxing the hell out of small biz, we will lure them up here by giving them breaks, again this is propaganda bs all people belive, bottom line this tax cut will go too existing business's in wisconsin that have 1k,3k number of employee's to cut expenses and reap more profits, almost no new jobs will be created, and u can bet the unions know this, yet, newsmakers can't report boring facts, they need a fight fight fight to keep audineces engaged and get ad dollars

[FUZO]

Re: Great article on the reality of the government's agenda

like wisconsin, this is all a gambit to break up public unions nationwide, because public unions are number one donators to the dems, the republicans are in a big vise due to demographics, ie, minorities, hispanics, if the republicans can pull this off it's a huge gambit

the wisconsin governors actions are pure and unmitigated bullshyte, imho, it's just another pay-off too donors of his campaign, how u might ask

as soon as he get in he passes 150 million in tax cuts to stimulate small business so they can move from illinois to wisconsin, he says, he illionois is taxing the hell out of small biz, we will lure them up here by giving them breaks, again this is propaganda bs all people belive, bottom line this tax cut will go too existing business's in wisconsin that have 1k,3k number of employee's to cut expenses and reap more profits, almost no new jobs will be created, and u can bet the unions know this, yet, newsmakers can't report boring facts, they need a fight fight fight to keep audineces engaged and get ad dollars

YOUR QUOTE TRIP IS LIBERALISM AT ITS BEST DUDE. DONT FORGET THAT THE WISCONSIN GOV SAID HE WAS GOING TO DO THIS WHEN HE RAN FOR ELECTION AS THE GOV,THE PEOPLE KNEW THAT THEN AND NOW THAT HE'S DOING IT THEY WANT TO ACT LIKE LITTLE BABIES.THIS IS WHY LIBERALS HAVE NO CLUE ON POLITICS BECAUE OF THIS KIND OF THINKING.

[trip]

Re: Great article on the reality of the government's agenda

he did not campaign on taking away collective bargaining, this is a nationwide gambit for the republicans, he did not campaign on 150 million tax give-away to entice small biz from illinois

[JsJs24]

Re: Great article on the reality of the government's agenda

as soon as he get in he passes 150 million in tax cuts to stimulate small business so they can move from illinois to wisconsin, he says, he illionois is taxing the hell out of small biz, we will lure them up here by giving them breaks, again this is propaganda bs all people belive, bottom line this tax cut will go too existing business's in wisconsin that have 1k,3k number of employee's to cut expenses and reap more profits, almost no new jobs will be created, and u can bet the unions know this, yet, newsmakers can't report boring facts, they need a fight fight fight to keep audineces engaged and get ad dollars

I agree that the governor is paying back his supporters. However, one thing I do agree with is to increase the amount the unions are paying for their pensions and healthcare. The state is indeed going broke and therefore needs to cut spending in many areas. One of them is the cost they incur from pensions for state employees. For every dollar the union employees contribute the state contributes $57.00. Now that is one heck of a deal and one that will bankrupt the government in WI. My contention has always been that unions will bankrupt every company they work for eventually, and the same applies to the states and federal government. The unions should have a 401k set up the same as the private industry. You pay in and invest soundly and you end up with a nice nest egg. My company matches 5% dollar for dollar if I contribute 10% or more to my 401k. This is a fairly common practice among businesses. But to expect a huge pension for contributing 5 or 6% is insane, and will surely help bankrupt the state. What is even more stunning is the fact that a union exists for state workers. It has always been claimed that unions protect workers from evil capitalists, well, the state is not an evil capitalist so why the need for a union for state employees. I realize that everyone who is in a union believes they are necessary and deserve everything they get and more. However, the fact is only about 11% of the U.S. workforce is unionized, thus there is plenty of opportunity for workers to not be in a union. The union is a safeguard that works against the law of economic supply and demand, which is why they end up bankrupting the companies they represent. The company I work for owns several large companies. One of them has a union, and they were the poorest performing of the 5 major companies my company owns. My company was the only profiting one of all 5 the last few years. Well, my company had to freeze merit increases across the board in 2009 for all 5 companies. And imagine this, the company that had the union still received their raise because of their union contract. Yet, they were performing terribly, and my company was doing great, making huge profits, but we received no raises. What really concerns me is that no matter how bad the financial stability of a company is, the unions seldom want to make concessions. I believe in supply and demand, and if there is no demand then a company should go into bankruptcy to allow for the resources to go to better use. When a company fails another company will pick up the slack, or a new business will be formed, the real estate will go to better needs. That is the beauty of a free market, it will allocate resources to their best use. Adam Smith called it the invisible hand. It is as if there is an invisible hand working to keep the economy working in the most effective and profitable manner.

[FUZO]

Re: Great article on the reality of the government's agenda

he did not campaign on taking away collective bargaining, this is a nationwide gambit for the republicans, he did not campaign on 150 million tax give-away to entice small biz from illinois

He has to cut the deficit trip and to bad for the people that are in the unions time to anti up.he stated he wanted to remove some collective bargaining for nearly all public employees. His plan would "require higher pension and health insurance contributions and remove bargaining rights except for wages, which would be limited to be not greater than the Consumer Price Index. He inherited this from the liberal gov before him and now he's going to do this and fire those teachers need be and any other who has crossed the line in a illegal way. Also beleive me my salary at the airline was great enough to give a little extra and I would have no problem voting out my union because they suck. Thts all they do is take take tak and when its time that you need them those little *****es run and hide

[JsJs24]

Re: Great article on the reality of the government's agenda

He has to cut the deficit trip and to bad for the people that are in the unions time to anti up.he stated he wanted to remove some collective bargaining for nearly all public employees. His plan would "require higher pension and health insurance contributions and remove bargaining rights except for wages, which would be limited to be not greater than the Consumer Price Index. He inherited this from the liberal gov before him and now he's going to do this and fire those teachers need be and any other who has crossed the line in a illegal way. Also beleive me my salary at the airline was great enough to give a little extra and I would have no problem voting out my union because they suck. Thts all they do is take take tak and when its time that you need them those little *****es run and hide

I would like to see the teachers and everyone else striking there fired too. It is illegal to strike in WI, which is exactly what they are doing. And I wonder what happens to the working parents who can't send their kids to school? I assume they have to pay for child care while the pathetic crybabies strike and get paid by taxpayers for not working a single day. I wonder how all of the unemployed Americans feel about it. These people are complaining that they might have to pay toward their premiums and pensions just like everyone in the private sector does, yet their health insurance would still be way cheaper than most Americans. Good riddance. I'd fire everyone of them just like Reagan did to the Air Traffic Controllers that went on strike. The ATC found out quickly how replaceable they are.