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Originally posted by beezzer
reply to post by TauCetixeta
We are definitely not moving in the right direction.
All improvements are cosmetic. Unless we get spending under control and a government that doesn't want to take all our freedoms away, the "face" of improvement will be nothing mor than an illusion.
I'm not all cheery optimistic about the economy because more indicators other than the Dow need to be apparent.
Originally posted by FissionSurplus
reply to post by TauCetixeta
Your debt clock shows the debt growing larger. It appears to go up another million every few minutes.
If you're still think that adding a few million dollars every few minutes to our debt is "getting smaller", then I gotta ask you: What color is the sky in your world??
Every dollar printed by the Federal Reserve comes with automatic debt attached to it. There is NO WAY it can get smaller when $85 million is printed every month. That comes with interest that must be paid back. The more they print, the more in debt we are.
Whatever you're smoking, you need to stop.edit on 4-5-2013 by FissionSurplus because: (no reason given)
Despite the current stock market rally, legendary investor Jim Rogers say the U.S economy is poised for a major crash and is warning investors to protect themselves immediately. In a riveting interview on Fox Business, Rogers warned Americans not to trust any of the positive economic news coming from world governments. "I don't trust the data from any government, including the U.S., Rogers said. "We know that governments lie to us. Everybody's printing money, but it cannot go on. This is all artificial." Rogers, who for years has been an outspoken critic of the Feds policies of "Quantitative Easing" says all the money printing is creating false hope that we are in the middle of some kind of super bull market. But in reality, he says, "we're living in a fool's paradise." "The Bank of Japan says it's going to print unlimited amounts of money... Then Mr. Bernanke said I'll match that... I'll print that money too. The Europeans are catching on. You've got money printing going on everywhere and that has never been good for anybody," Rogers said. Currently, Bernanke and company at the U.S. Fed is buying $1 trillion of Treasury and housing agency bonds each year. That's about $85 billion per month against a budget deficit that is about the same level.
A spate of fresh economic reports back that sentiment: Q1 GDP showed the economy grew at an uninspiring 2.5%. U.S. factory activity fell to its slowest pace of 2013 last month as manufacturers curtailed hiring and slashed stockpiles. And the private sector added a measly 119,000 in April, the fewest in seven months.
Originally posted by FissionSurplus
reply to post by TauCetixeta
So they make some cuts and you're touting this as proof that everything is just awesome. Yet the federal spending continues to climb, as does the US national debt.
Austerity measures in things like defense spending (which includes care for our wounded vets) doesn't mean our economy is recovering. Interest rate cuts on the debt is a temporary hat-trick to make things look better than they are, and can be reversed at any time. Look at the big picture, and not just a tiny corner of it.
Nice try, no cigar.
Originally posted by marg6043
reply to post by TauCetixeta
You mean the rich get richer and the working class is now the welfare and poor class.
yeah, everything is peachy in the land of Richistan America.
News like this just makes me barf.
Originally posted by marg6043
reply to post by TauCetixeta
Obamacare will not be repealed as that is the sole base of the entire Democrats motto and Obama presidential accomplishments.
US economy will collapse once and for all under Obamacare that is my personal prediction.
Not only will the broader U.S. economy be negatively affected by the $1.2 trillion in federal budget cuts, but in 2013 alone communities large and small will face a total of $85 billion in cuts. Every day, people across America are starting to see how sequestration may affect their quality of life, safety, and ability to get ahead.
Sequestration means a parent may be unable to work because the Head Start program is no longer available for their children.
Sequestration means a student may find it harder to earn a college degree and pursue the American Dream.
Sequestration means a scientist may forgo critical research at a time when America faces increasing competition from other countries.
And sequestration means a local firefighter may have fewer resources to respond to emergencies.
sequestration may mean a percentage point or two in lower gross domestic product growth, but beyond the beltway sequestration is not some abstract economic concept. It means real pain for real people.
If Congress is unable to reach a compromise on how to solve America’s debt dilemma, almost half a trillion dollars in mandatory cuts to the defense budget over the next decade would initiate in January (meaning roughly $55 billion in the first year). It is un-strategic to hack away at the defense budget in a generalized manner, cutting the good and the bad by the same percentage, like a butcher with a piece of meat.
Originally posted by marg6043
reply to post by TauCetixeta
Sadly too littler too late after the historical Supreme court ruling on Obamacare, Obamacare is here to stay.
Originally posted by thelongjourney
The responses to this thread reveal why conspiracy theorists are never taken seriously. The economic worldview is always the same: conspiracy theorists always believe that we are just moments away from economic collapse. No objective point of data matters except when it supports that thesis. Any evidence in favor of economic growth is always attributed as being a government conspiracy, made up, etc.
If you go back and look at posts on these boards from 2005 and 2006, when the economy was booming, it was the same thing. Its always the same thing, because believing economic collapse is nigh is central to conspiracy culture. When we hit DOW 30,000 and 5% unemployment - and we will eventually as all business cycles have booms - people will still be on here claiming its all a lie and were in a depression.
Originally posted by TauCetixeta
Originally posted by marg6043
reply to post by TauCetixeta
Obamacare will not be repealed as that is the sole base of the entire Democrats motto and Obama presidential accomplishments.
US economy will collapse once and for all under Obamacare that is my personal prediction.
Haven't you heard? Even the democrats are running away from ObamaCare.
Democrats in congress got caught telling the truth: Can we be exempt from ObamaCare
please? It will harm our ability to get new hires.
They talked about it on The Five on Fox News.