Simple economics. . .

Contrary to popular belief, the market is not directly tied to governement. We the people will continue to do what we do. We will buy cars, houses, pigs, etc...
We will invest money and save money.
I know this is hard to understand but The USA and it's free market economy does breathe outside of Washington.
Yes the Governement can and does influence the market but it does not control it.

 

That's so funny.

My view is upsidedown compared to most Americans.

I've lived under an actually centralized economy so; to me the U.S. government appears like a surrogate of unbridled financial capital. It doesn't control shit.

That being said, the fact remains that in Washington or outside of Washington, this isn't a productive country.

You can't deny what's happened to Detroit, Pittsburgh, etc. etc. in the past few decades.

 

The entire worls is changing. What breathed life into an economy 60 years ago is different than what breathed life into an economy 110 years ago.
It's ever changing.

 

What doesn't change is that we still need chairs, food, and other physical goods.

If you ain't producing it, you're buying it.

And if you're bying it, you better have something else to sell otherwise your ass is toast in the long term.

The U.S. is still riding off a currency which became all-powerful when this country produced 50% (!) of the world's goods single-handedly.

THAT was a marvel to watch! THAT was a U.S. of A. I could respect -

 

The Credit rating of the U.S. is about to be lowered. I am talking about on a global banking rating. When that happens. look out.

Congress last year gave the Federal reserve unprecedented powers and virtually no checks and balances.

Printing more money and bailing out failed institutions is only going to increase the money supply thus decreasing the buying power of the dollar.

The only thing that is saving it now is the fact that there are massive amounts of U.S. dollars being held in other countries.

They have a vested interest in keeping the dollar propped up.

This is not just a U.S. problem, it is global. They are as fucked as we are.

 

To a certain extent.

But other countries have been investing in physical infrastructure and bullion. Their challenge once the dollar collapses is to find new markets for their goods.

On the other hand - without its currency - the U.S. only has its military.

EVERYTHING else it buys from outside.

 

the fed just guaranteed 3 trillion dollars in debt. they have 200 billion in treasures left.. you do the math..

this country is so fucked when this unravels...

 

I agree to a certain extent. But there is more U.S. dollars outside of the U.S. than inside now.

When our dollar collapses it will ripple around the world.

But about the military...that just means war is right around the corner.

That is the easiest way to help the economy.

 

you know why they did that dont you? because short sellers are the ones that expose the fraud of companies. its short sellers who discovered enrons cooked books..
the fed doesnt want anyone knowing how fucked we truly are.. has nothing to do with them destabilizing the market. no matter what the mainstream media says..

 

War is already here!

And I expect it to escalate precisely because of what you said

 

I think he means real war, "total war" as total war is MUCH more helpful for an economy than this sort of thing.

 

I agree but Iraq and Afghanistan is nothing compared to what will happen if the economy tanks.

 

thanks man, stealing the drama from my response.

 

lehman brothers is in court today to show there assets and liabilities to get ready for the sell off..
this should be a good indicator of just how bad the rest of the banks books are..

 

you mean when right?

 

Hey you posted faster than I did.

 

I am a post ninja, should have mentioned it.

 

I am not sure I follow you. Could you clarify?

 

you dont actually think the financial markets are going to pull out of this do you?

 

There is no way they are going to make it out of this mess.

They can stall, they can put band aids, they can use propaganda to help calm the masses on a short term.

They can delay it at best. Pull out of this? Not a chance.

But the writing is on the wall. There is no going back.

3 years max.