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Originally posted by xxshadowfaxx
If you believe all the crap that everyone is saying, then technically the economy should have collasped already. Every single day they say it coming, and every single day the stock markets rise and everyone says economic recovery. So the facts are so distorted, its pretty much impossible to tells whats what.
Originally posted by Mr_Alex
How fast are we heading for a economic collapse?
Originally posted by Mr_Alex
Are the signs of Hyperinflation quite visible?
The euro has jumped and stock markets have risen on reports that eurozone leaders have agreed the details of a plan to rescue debt-ridden Greece.
Leaders had finally agreed an interest rate at which to lend money to Greece, should it be needed, the reports said.
As a result, the euro gained more than 1 cent on the dollar, to $1.3466, while the Athens stock exchange rose 3.4%.
This was despite the fact that leading ratings agency Fitch downgraded Greek government debt earlier on Friday...
Originally posted by Mr_Alex
reply to post by DangerDeath
If China dumps the dollar,would it hurt countries like New Zealand,Australia,Europe and etc?
Bottom line: The reason the SEC has failed at its job enforcing the law is simply because SEC is at the core a miserable failure as a moral leader—the system is biased, weak, undisciplined, ineffective and ethically corrupt, which is widely obvious since Chris Cox stepped down as SEC chairman. And because of the SEC’s failure as a moral leader,
the mutual fund industry has also deteriorated into a culture with no morals, no ethics, no integrity and no sense of what it means to have a primary fiduciary duty to first to protect the investors who entrust it with $10 trillion, a duty that should come ahead of the interests of the fund owners and managers.
So the next time you wonder how the hell things got so far out-of-whack prior to the scandals of 2002-2004, remember, it was a very long time coming, going back to the 1940’s Act.
Corruption on such a massive, widespread scale—involving such name brands as Putnam, Alliance, Strong, Franklin Templeton, PBHG, Merrill Lynch, Bank of America, Smith Barney, MFS, Federated, Bank One, Schwab, Alger, and Wilshire—
is clear evidence of a conspiracy-in-fact. And the SEC charged with regulating this industry was looking the other way for a long time too ignoring that funds were illegally taking advantage of millions of their own investors. Unfortunately, today, the SEC is in total denial and incapable of seeing the problem or changing their behavior
"The question is when markets will start putting pressure on governments, not if. When will investors start demanding a much higher compensation for holding increasingly large amounts of public debt? In some countries, unstable debt dynamics -- in which higher debt levels lead to higher interest rates, which then lead to even higher debt levels -- are already clearly on the horizon."
3 million manufacturing jobs lost in the last 5 years. How are we going to dig our way out of our tremendous national debt when we can’t produce anything to sell abroad?
Middle-class wages are stagnating, oil is skyrocketing- average consumer savings rates are some of the lowest rate since The Great Depression.
Entire industries sold overseas- jettisoning jobs, technology and putting our country’s future well-being in jeopardy.
Two million Americans will lose their homes due to foreclosures. Two million is greater than the populations of Boston, Seattle and Denver combined.
A Defense Budget of 420 billion- accounting for 43% of defense spending in the entire world- forced to import bullets due to the shrinking manufacturing base at home
$9 Trillion and rising in National Debt plus a $765 billion balance of trade deficit in 2006. This equates to $1.5 million per minute falling into foreign hands. This is the money foreigners are using to buy our best companies, which will inevitably place us back into colonial status. We will not own our country anymore!
"If America was living in a situation where they feared ethnicity and did not see itself as a multiparty state or nation, how could a young man
born here in Kenya, who is not even a native American, become the President of America? It is because they did away with exclusion."