Debt Outstanding, GDP and Income: Who Are They Fooling?
Tags: Bove, debt, economics, GDP, Market Ticker, Markets, Stocks
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November 23rd, 2009 at 5:15 am
As I know, most …
As I know, most Chinese people dislike US bond and they consider US bond the largest Ponzi Scheme in the World, buy they have no way to change their stupid and corrupt government’s policy.
November 23rd, 2009 at 5:15 am
China’s not going …
China’s not going to stop buying us, so long as the “leaders” keep selling us off!
November 23rd, 2009 at 5:15 am
– you want GNP to …
— you want GNP to rise (notice I didn’t use GDP) make it rise for yourselves in your neighborhoods. Get on the sides of politicians who really DO have the US best interests in mind. Who knows what disaster can be avoided or softened? Who knows what can be inspired abroad? Let’s be inspired by our grandparents and forget all of the BluRay crap that’s drained us!
November 23rd, 2009 at 5:15 am
Well, I really hope …
Well, I really hope that all of you posting are stimulating your own economies while this government is screwing around with our future. Bake sales, hiring yourselves out, buying American made products only (Systemax instead of Gateway, Florida’s Natural instead of Tropicana), craft sales, handyman work, etc., etc., get your debts paid now and pack what you can away as far as emergency supplies are concerned
November 23rd, 2009 at 5:15 am
China, stop buying …
China, stop buying our money now, and save whats left of us!
November 23rd, 2009 at 5:15 am
These are really …
These are really good posts – loose credit via artificially low interest rates (pushed by pro-business Republicans and the nutter neo-cons) AND historically low taxes on the upper echelons of the economy have bankrupted the country. Thanks neo-cons for putting the last nail in our collective economic coffins. Hiding under a desk my be our only option soon. We are unless we head another direction and really really fast.
November 23rd, 2009 at 5:15 am
HAVE A NICE DAY…. …
HAVE A NICE DAY….
ANDAFTER HEARING ALL THAT..
THE MAN SAYS
HAVE A NICE DAY….
i WISH I COULD CRAWL INTO A HOLE AND COME OUT IN 20 YEARS……….
November 23rd, 2009 at 5:15 am
Green ks green. …
Green ks green. Hemp/Marijuana can pull us out of this debt. Hemp is the missing egg in trying to make this cake. It is the ONLY renewable resource, wave of the future and a good way to make money.
November 23rd, 2009 at 5:15 am
It isn’t low …
It isn’t low interest rates, it’s low tax rates–under Reagan–when we substituted borrow & spend for tax & spend. Eisenhower had top rates of 86% income tax-in the ’50’s. We’re living with 35%.
We don’t PAY for anything, we sell funny money to China for 4% a year & spend 100 pennies received. We’ve been doing this over & over & over again without paying ANY bills.
Think interest only loans for the entire economy.
The collapse comes when the world stops buying our funny money.
November 23rd, 2009 at 5:15 am
I see this on …
I see this on Featured Karl… cool!
November 23rd, 2009 at 5:15 am
So where is the …
So where is the best place to put what little currency I have? I have gold and silver, and plan to get more, and recently got into stocks for the first time. Will my stock hold up if I stick with only foreign companies? Especially energy related companies. Maybe get into Yen, Francs, or Canadian dollar?
November 23rd, 2009 at 5:15 am
If the US …
If the US government stops burrowing how far will GDP fall. 30% decline or over 300% decline.
November 23rd, 2009 at 5:15 am
That’s a really …
That’s a really good historical observation. During that time you also had a huge expansion of goverment and welfare.
November 23rd, 2009 at 5:15 am
All this happened …
All this happened on purpose. Get ready to be apart of a Union which is the New World Order. Whats funny is that you people let it happen, because you refuse to live reality. People need to stop being greedy in this country and focus more on Giving. Pay it Forward!
November 23rd, 2009 at 5:15 am
I would place the …
I would place the takeoff in the mid-60’s (65-66) when our economy began its full-scale movement from industry to service. Could you please address this trend in debt when compared to decreases in production?
November 23rd, 2009 at 5:15 am
Well Saddam stopped …
Well Saddam stopped taking USD for his oil and started taking Euros and look what happened to him.
November 23rd, 2009 at 5:15 am
I’ve been trading …
I’ve been trading Forex for 4 years now . I’d say now is a better looking time then ever to sell Dollors against all major currency’s. Iv enjoyed the past 7 months keep it up assholes.
November 23rd, 2009 at 5:15 am
Anyone seen the …
Anyone seen the dollar index lately? Not looking good people! DUCK AND COVER!
November 23rd, 2009 at 5:15 am
not in either camp. …
not in either camp. staying with the facts. at this point in time we are at the point of change from delfation to inflation.
November 23rd, 2009 at 5:15 am
Abosultely right on …
Abosultely right on the penny!
Bravo, Karl !
Yes get ready to hyde, we are to confront a huge financial tsunami larger than anything seen ever!
Good luck everyone
November 23rd, 2009 at 5:15 am
That’s called ” …
That’s called “deflation”. Happens all the time in short term.
November 23rd, 2009 at 5:15 am
Russians and …
Russians and chinese still take $US for their oil though.
November 23rd, 2009 at 5:15 am
I never said …
I never said hyperinflation, severe inflation is most likely on the horizon. Hyperinflation is a remote possibility but only if the rest of the world starts dumping the dollar. However, that scenario is looking more and more like a serious possibility.
And the US Navy would never start a war in order to chase down a few rich expatriates, to even suggest that it’s a remote possibility strains sanity. There’s no tax high enough to pay for the debt.
November 23rd, 2009 at 5:15 am
The USA protects …
The USA protects the Saudi regime, in return, the Saudis take dollars for their oil (the so-called petrodollar) and buy big mansions in Texas. When an oil producing nation tries to pull a Saddam Hussein and start taking Euros, they turn out like him.
Of course the US cannot push around Russia and China like they do the Arabs.
November 23rd, 2009 at 5:15 am
Simple common sense …
Simple common sense analysis backed with facts presented in a coherent manner.
Thanks!