sometime this decade, the whole system flushes down the shitter...all the wealthy nations are saddled with massive debts & theres only so much bailing out that can plug the cracks in the dam.

I just wish it would be the banks instead of the public who will take it in the ass. after all it is the banks that created the money bomb & profited from it.

Banks did the same thing everyone else did... they took excessive risks and over leveraged.

They are not alone in the making of bubbles and certainly cannot be held solely responsible.

it serves no purpose just to look at the US economy, it is a global issue and many wealthy nations are in the same troubled waters.
china wins.. india in second. UNLESS we change the rules.

Before any of this happens, the U.S. will lose its Triple AAA credit rating. All that will mean is that they have to offer a higher interest rate on Government debt. The Government also has unlimited power to tax. Warren Buffet pays a smaller percentage of taxes than his Secretary. There is a little room for tax increases I think. You really need to extrapolate on 'China doesn't buy our bonds ... the Government collapses'. You've missed writing about 6 chapters of your book.

Yes, the U.S. has a BIG deficit problem and it will only get bigger as entitlement programs for Boomers kick in. Is the sky falling tomorrow? No.

I do my part, I still vote for Nixon every 4 years.

This thread if full of "nattering nabobs of negativity". ;>

You do realize it was The Demon who guaranteed a Colts victory right? He considers himself one of the smartest people on GFY. He is the only one.

False triple AAA is AAAAAAAAA and there is no such rating

I agree that there is a much broader picture than just US economy, but we all know its big.

Ironically, many other advanced economies find themselves in worse shape than the US.

And yet when the world credit markets were seizing up and the global financial system was arguably on the verge of collapse, the flight to US dollars and Gov't debt was massive.

If you are really reading what is written before you comment on it, then maybe a lack of elemental comprehension is what your mini mind is missing.

This is the belief of us Doom and Gloom economics people such as Ron Paul and Peter Schiff, otherwise known as the smartest economists alive. We've been headed for an economic collapse for a while now. Thirty years of monetary and fiscal mismanagement has brought the inevitable. Obama and Bernanke are only making it worse. I've been buying gold for 2 years now, commodities are the only way to go.

Sorry BFT3k, if I want to make fun of a stupid human being, I'll address you...Like I'm doing now.

I'm glad I have that idiot Demon's posts filtered out... you guys should just filter his stupid ass out too, most people already have.

Last I heard he was #4 of the most ignored people on GFY ~ damn that must suck balls.

How are you allowed to use a computer?

And TheDoc shows why the majority of people ignore his posts. His ability to make up shit on the spot is hilarious, and an epic fail.

I was wondering the same thing about yourself. I thought they had laws against crack babies..

The Demon's stupidity is so overwhelming it is really quite breathtaking.

He's as annoying as a human mosquito.

Sometimes you just want to hang out and swat at him for fun.

Here ya go BFT3K... https://addons.mozilla.org/en-US/firefox/addon/7023

Oh trust meeeee..... I know :) And it's as easy too.

Of course I can't say much about going off on rants with that idiot, but I finally had enough of his stupidity and just cleared his trash out.

BFT3k reminds people that even if you're not as others, you are definitely smarter than him. Thank you BFT3k for without your constant stupidity, people with low self esteem would have nothing to live for.

Oh snap! Another amazing comeback from a nobody!

Hey, is it true you were really born on April 1st?

No, you got your ass handed to you repeatedly and when you tried to make shit up, you were called out by many people on this forum until you couldn't handle the insults anymore, so you retreated into your cave of delusions in order to escape the inevitable :)

Hmmm. A nobody that owns you in every aspect of life. Kinda sucks to be you huh?

You know you need to be at least 18 years of age to be here right?

It's funny now, because I know he is replying and I can't see shit :)

Let me guess he said "I got you first, showed you up, called you out, he is the winner?"

Yeah, that's the same shit he repeats in every post - even though so many people rag his ass, over and over...

You know you need an IQ above Forrest gump's to be here AND to type to me, right?

And the captain of delusion continues. For someone that gets ridiculed as much as you on your OWN forum, I find it disturbing that you have to project your insecurities onto others:)

All the arguments about left or right are now mute. With the Supreme Court's ruling regarding corporation as entities with the same right as individuals should end all debate,

The economy won't fail because it is bad for business, except for mercs and arms manufacturers and a few other select industries.

Real democracy come this years mid terms will be a dream from the good old days. Many people who posted here are correct, politicians will give lip service to the masses while voting in the best interests in their biggest contributors, corporations

If you want to control a population the formula is very simple;
Ignorance+fear+apathy+dependence = complete control over a populace.

Ignorance, people are fed small amounts of misinformation while having their attention turned to trivial thing (entertainment TV/mindless internet pass-times etc...) Thinking is work and the largest part of the population would rather sit being entertained then spend their time educating themselves on the relevant issues of their time

Fear, in all aspects of life. Security both economically and physical should be threatened. Fear is a powerful motivator

Apathy, "Nothing I can do will make a difference, so why try. Gimme the remote and a bad of potato(e) chips and leave me alone to worry about my job and terrorists"

Dependence, Keep the people needing what only you can provide (think subsidized health care with a mandatory coverage clause)

Americans will soon be reduced to a very ingrained class system consisting of those with extreme wealth and those with no wealth dependent on the government and charities in order to get by while remaining heavily in debt and hopeless while the economy chugs along for those with wealth.

no 1012 theory here, that would be bad for business. the very rich want to make sure that the population is not driven to action but accepting of what is happening


spaz

by the way, when you buy gold you take an approximate 40% loos on your investment. If you think I am full of shit....sell your gold and see what your profit/lose is on it. Those that buy and sell it rape people too. Just because their are a bunch of commercials for it does not make it a good investment for you, but it is great for them.

Please explain this. I bought gold around the 700 mark and I've made a hefty profit. Gold is the perfect currency and has been for thousands of years. We've prospered while on the Gold Standard. You'll need to explain yourself.

So true... I think Eric should make him prove his age.

He also claims to be a lawyer and going to school to be a lawyer, (even a doctor) yet my 5 year old has more skills at arguing a point than his dumb ass.

If your 5 year old has more skills "at arguing LOL!!!" than me, and I own you virtually every time, what does that say about you? Then again, I don't think anybody on this forum believes someone as stupid as you was able to knock up anybody without paying for it.

I feel bad for the thoughts that are bouncing around his empty head. It must be so sad, lonely and dark in there. It kinda creeps me out.

Oh don't feel bad, the only thoughts bouncing around his head are: I got you first, no I got you first, no I got you first, no I got you first.... that's how my kids argue.

This kid is priceless. I wonder how quickly you and TheDoc would be banned if there was an IQ test to be on this forum.

AHAHAHA poor guy. Someone who is the butt of virtually every joke on this forum and unchallenged in his ability to make shit up, shouldn't be posting to his superiors:)

Tom Keene would vigorously disagree with you.

Fear and greed. The financial bomb almost hit the banks and Wall street, but didn't.

Debt is huge but that stimulus was abolutely necessary. What happens after its gone remains to be seen.

Major indicators continue to improve, GDP, Core CPI, Treasury yields, PE Ratios, unemployment and the Long term trend is still up. Nevertheless, we are still in a recession. Your fear is understandable.

When market writers and investors all think the market is going up, thats the time to think about selling. And when everyone thinks the sky is falling, buy.

Until then it's a mixed bag. However, you cant deny the power of this rally since last March.

If ignorance is bliss, you must be one happy little retard!

there will be no collapse or major disaster.

things might get a little worse, but the worlds governments need one thing...power and control. they will not let either of these go. you think the bilderburger conferences are about how to rescue the world's financial crisis? ha! it's more like the fine art of keeping it going without pushing it to the brink.

and if by some slim chance it all does go to hell, everyone needs to blame themselves for being mindless complacent consumers and consistently voting in a bunch of douchebags for the last 30 years. this applies to other countries besides the usa as well.