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Originally posted by cpdaman
the following is an exerpt from the above mentioned link
Cheney has socked away more than $25 million. While the figures may be estimates, the investments are not. According to Tom Blackburn of the Palm Beach Post, Cheney has invested heavily in "a fund that specializes in short-term municipal bonds, a tax-exempt money market fund and an inflation protected securities fund. The first two hold up if interest rates rise with inflation. The third is protected against inflation."
Cheney has dumped another (estimated) $10 to $25 million in a European bond fund which tells us that he is counting on a steadily weakening dollar. So, while working class Americans are loosing ground to inflation and rising energy costs, Darth Cheney will be enhancing his wealth in "Old Europe". As Blackburn sagely notes, "Not all bad news' is bad for everybody."
inflation is gonna be going up up and away
the economy is slowng
the real estate market is slowing
slowing economy rising inflation= no probem?
i guess that is why bill gates and warren buffet pulled half of there forturnes out of the u.s
the collapse of the economy is a p r o c e s s and we are at the begining actually i beleive the international monetary system will fail and the credit system will be revealed as a fraud.
Originally posted by cpdaman
this is a possible reality that many are not willing to contemplate
i can't imagine having a family and going thru these thought processes because i don't blame anyone for shooting the messenger, this must seem like such a risk for people to make preparations, especially since most people are conditioned to follow the popular trends at least within there respected intrests, not many will make a move until it is too late
Originally posted by accountability
This depression won't be like the last- back then people were much more civil.
The present value of future liabilities is $65.9 trillion, according to an article published by the St. Louis Fed a few weeks ago (“Is the USA Bankrupt?”). USA Today, still terrified by USA tomorrow, picked up on the doomsday theme soon afterwards (“What's the real federal deficit?”).
That’s okay. Turns out I found what I was looking for anyway: confirmation by the principals that their “present value of future liabilities” calculation leans heavily on the false assumption that future generations will have to find a way to rid themselves of their inherited Treasury securities; i.e., that they’ll need to find a way to reduce their debt-to-GDP ratio to zero percent.
Is the USA Bankrupt? Here’s what others have had to say about that idea.
• The notion that the debt incurred by current generations has somehow to be paid off eventually by future generations is a confusing, or confused, effort to use a mathematical principle of solvency where it does not apply.... there is no reason why the federal debt cannot continue to be rolled over and continue to grow, at least with the nation’s growing income.
—Robert Eisner, The Misunderstood Economy, p. 126-7
• ...he sees the liabilities of the federal government growing. But he can't see the tens of trillions of dollars of new assets emerging from these new industries that have been generated and are now the spearheads of global economic growth.
—George Gilder (1996, reacting to Pete Peterson’s similar alarm bells about the liabilities side of the balance sheet)
• ...government cannot confine its scope to its own set of books, to its own receipts, expenditures, assets, and liabilities... The government must look at the impacts of its actions on the broader society, what economists call “externalities,” which cannot be easily reduced to bookkeeping entries. For example, federal spending to finance programs to reduce teenage smoking might well be more than repaid by reduction in the future costs of health care.
—Francis X. Cavanaugh, The Truth About the National Debt, p. 33
• Before the middle of this century, the growth rates of our technology... will be so steep as to appear essentially vertical. From a strictly mathematical perspective, the growth rates will still be finite but so extreme that the changes they bring about will appear to rupture the fabric of human history.
—Ray Kurzweil, The Singularity is Near, p.9 (Number23: Thanks to Moore's law and robotics are lives will be vastly different, better and much more prosperous in the next several decades)
Originally posted by RetinoidReceptor
Exactly cpdaman, we do have our own opinions. People don't like it though when about 3-4 posts per month are stating how the US will crash and burn and even say it will become a third world country. Especially when there are statistics to prove people wrong. Do you think the other people from other countries here would appreciate that? They wouldn't. Just look at the "Will the europeans ever be powerful thread". Tata.
[edit on 9-8-2006 by RetinoidReceptor]
Originally posted by WyrdeOne
Unemployment is < 5%
Just because fewer than 5% of people in the country get unemployment assistance, does not mean than fewer than 5% of people in the country are unemployed.
People who cite the low unemployment numbers do so with an ulterior motive, or out of ignorance. If you count the long-term unemployed, those who are not eligible, and those who never applied, the figure is much, much larger.