money problems

[knkali]

BAM....not good kids. Need guys smarter than me to tell me that this is BS and it isn't gonna happen. Please?
http://www.moneynews.com/MKTNews/Mas...edium=referral

[downtownv]

Oh that's VERY Real!
All that's happened is we expanded government to show job "Growth"
We have US Corps that have BILLIONS AND BILLIONS in offshore banks because we have a 35% tax rate should they bring that money home. This is good for the foreign counties but not so much for us...
That's money that could be spent on new jobs, R&D investments etc.

[skiflydive]

So why does everyone always blame the (evil) "Corporations" for doing what the government allows (encourages?) them to do?

[JohnR]

So why does everyone always blame the (evil) "Corporations" for doing what the government allows (encourages?) them to do?

Because people are gullible, only a tiny fraction of us know the truth.

Some economists predict deflation on a significant scale. The stock market will crash and gold prices will plummet, but if you have cash it will be worth a lot more.

[marshal kane]

Oh yeah, it, or something close to it, is going to happen. Most Americans don't pay any attention to things like this because they think government is protecting them so they pay more attention to who's playing in Sunday's game or who's on Dancing with the Stars than what's happening in Washington. The average American, including university students, haven't a clue what government has been doing to them over the years. Look at it this way, we all have a source of income and when our spending exceeds that amount, we borrow in order to pay our bills. When we can no longer borrow, we go into default called bankruptcy. Government does the same thing, they borrow and borrow on a gigantic scale. The interest that we have to pay on government borrowing would fund many small nations. The day will come when no one will lend our government anymore money. That's when we will no longer be a super power! Governments solution is to pass the debt down to our children and grandchildren. You can bet their lives will not be better than ours. The time has long passed when government should have gotten control over its debt but it's not too late to start. Turn off the spending because the day of reckoning is close at hand.

[TheTman]

I've heard the SHTF, when OPEC announces that it will accept other currencies than the dollar for oil. That's about the only thing propping up the dollar, is that foreign countries have to exchange their currency for dollars to buy oil. This has allowed the US to run up the huge debts that it has, but will come to and end at some point in time. In exchange for OPEC pricing oil in dollars, Nixon promised Saudi Arabia, that we would provide defense for them, should they ever need it.
Iran, and some other unfriendly countries, are already accepting other currencies, such as the Chinese Yuan, and Japanese Yen, possibly the Euro, and Gold. It's really not a matter of IF, it's more of a matter of WHEN. It will be like the Weimar Government in Germany, after WWI, when a wheelbarrow full of cash wouldn't buy a loaf of bread. I'd stock up on stuff to barter with, bullets, alcohol, cigarettes, non-perishable food, precious metals, medicines (Fish-Pen is penicillin for Aquariums, but is the same stuff the Dr. prescribes, and much cheaper). I also heard from one of my emergency food suppliers, that FEMA is going around to different warehouses, and attempting to buy all the survival type food it can get it's hands on. For what reason I don't know, whether to feed the masses, or to keep the DHS fed. I also hear stories about the Government wanting to raid people's bank accounts, and take 10-20% out as some special tax, and also taking over Pension Plans and IRA/401 accounts. So far they have been foiled, but if things get bad enough, who knows what they will get away with.
Supposedly, we have enough oil in the ground, locked up in shale or whatever it is that they have to "frack" to recover, that we could become the largest exporter of oil in the world, but the tree huggers are protesting the fracking, and I'm not sure we have enough refineries left to process the oil once we get it out of the ground. We also have a lot of natural gas that can be liquefied and shipped to Europe, but we lack the infrastructure to do this. And tankers to transport it in it's liquid state. This isn't tin foil hat stuff, this is from real geologists and scientists and economists. Of course we have Obama opposing efforts to get to these resources, and banning off shore drilling, and opposing things like the Keystone pipeline that would create a lot of jobs, and bring a lot of oil into the US. I don't know why people are so opposed to the Keystone pipeline. Most of the areas it goes through already has much older oil pipelines running through it already. Modern technology would alert us if it was leaking anywhere. If we could get going on some of this stuff, it might ease the crash quite a bit, but too many people don't want oil drilled off shore, or fracking, or a pipeline, or anything else that might harm the environment. I don't want to wreck the environment either, but I'd rather take a chance on spilling a drop of oil, than to lose everything and starve. I suppose that some minds will change when the Uncle Sam quits handing out the checks and food stamps every month.

[JohnR]

Who thinks President Nero is intentionally trying to provoke civil unrest/revolution? Good excuse to suspend elections and rule indefinitely, and crush those evil capitalist freedom-loving gun & bible clinging neanderthals once and for all.

[knkali]

Who thinks President Nero is intentionally trying to provoke civil unrest/revolution? Good excuse to suspend elections and rule indefinitely, and crush those evil capitalist freedom-loving gun & bible clinging neanderthals once and for all.

that's a reach my gun loving American friend

[DavidS]

I fear that the American economy cannot be fixed any more. The political parties are so polarized that nothing can get done. They look like the Sunni's and Shiites's, not even willing to negotiate.
The next great presidential candidate may be guaranteed to fix the economy and save us all. However, that candidate my believe gay marriage is wrong and also that abortion should be available on demand. That candidate will never be allowed to be the Republican candidate because of abortion or the Democratic candidate because of gay rights. We would rather cut off our noses and flush the country down the toilet than deviate one iota from our political party's platform. I blame the far right and the far left for this and you might as well call them what they are - extremists.
I have said it before in this forum and got slammed for it, but the only way to get anything done is compromise.

[muggsy]

Knkali, I know how you value my opinion, so allow me to say this. I am a soldier of fortune. I've made fortunes and lost fortunes. At present I am between fortunes. My philosophy is that you can't take it with you, so why worry. Live for the moment and enjoy life. Or as Alfred E. Newman always said, "What, me worry?" (There is a way to make money in any situation.)

[yqtszhj]

I work for a global company and was recently required to attend a seminar led by an economist whose job it was to tell the officers of the corporation (which I am NOT one) the direction of the US and global economy for the next years and where the growth would be. Basically he was paid to tell the truth and not sugar coat anything so they wouldmknow where to invest. He was all history, numbers, and charts. He said some things that were interesting and eye opening.

It was way too long to post here but here are a few facts:
We went through a depression but they called it the "Great Recession" because the D word would not let any of them to get re-elected.
We will be going through this until 2020 at least no matter what any of them say
In this century to a large extent global poverty will be wiped out. There may still be isolated pockets due to war and such
The positive impact of poverty reduction would be at the expense of lackluster economies in developed nations (think the US and Europe)
We dont have sufficient working americans paying taxes to support the entitlements that our government is giving away.
We better get people working in this country and not pay them for sitting around
For a particular reasons I won't mention here 25% of the middle class will drop to the lower poor class.
BUT those who choose to do whatever it takes to be successful they will be all ok. Its their choice.
His concerns were to get his children to realize these facts.

[knkali]

I work for a global company and was recently required to attend a seminar led by an economist whose job it was to tell the officers of the corporation (which I am NOT one) the direction of the US and global economy for the next years and where the growth would be. Basically he was paid to tell the truth and not sugar coat anything so they wouldmknow where to invest. He was all history, numbers, and charts. He said some things that were interesting and eye opening.

It was way too long to post here but here are a few facts:
We went through a depression but they called it the "Great Recession" because the D word would not let any of them to get re-elected.
We will be going through this until 2020 at least no matter what any of them say
In this century to a large extent global poverty will be wiped out. There may still be isolated pockets due to war and such
The positive impact of poverty reduction would be at the expense of lackluster economies in developed nations (think the US and Europe)
We dont have sufficient working americans paying taxes to support the entitlements that our government is giving away.
We better get people working in this country and not pay them for sitting around
For a particular reasons I won't mention here 25% of the middle class will drop to the lower poor class.
BUT those who choose to do whatever it takes to be successful they will be all ok. Its their choice.
His concerns were to get his children to realize these facts.

wow just f'n wow

[knkali]

Knkali, I know how you value my opinion, so allow me to say this. I am a soldier of fortune. I've made fortunes and lost fortunes. At present I am between fortunes. My philosophy is that you can't take it with you, so why worry. Live for the moment and enjoy life. Or as Alfred E. Newman always said, "What, me worry?" (There is a way to make money in any situation.)

I love you Muggs and your opinions. I do worry a lot. Where is my medication........................

[DavidS]

Knkali, I know how you value my opinion, so allow me to say this. I am a soldier of fortune. I've made fortunes and lost fortunes. At present I am between fortunes. My philosophy is that you can't take it with you, so why worry. Live for the moment and enjoy life. Or as Alfred E. Newman always said, "What, me worry?" (There is a way to make money in any situation.)

I do not worry about my own future, there probably is not that much of it left.
I do worry about those who I will leave behind, and it concerns me greatly.

[JohnR]

I work for a global company and was recently required to attend a seminar led by an economist whose job it was to tell the officers of the corporation (which I am NOT one) the direction of the US and global economy for the next years and where the growth would be. Basically he was paid to tell the truth and not sugar coat anything so they wouldmknow where to invest. He was all history, numbers, and charts. He said some things that were interesting and eye opening.

It was way too long to post here but here are a few facts:
We went through a depression but they called it the "Great Recession" because the D word would not let any of them to get re-elected.
We will be going through this until 2020 at least no matter what any of them say
In this century to a large extent global poverty will be wiped out. There may still be isolated pockets due to war and such
The positive impact of poverty reduction would be at the expense of lackluster economies in developed nations (think the US and Europe)
We dont have sufficient working americans paying taxes to support the entitlements that our government is giving away.
We better get people working in this country and not pay them for sitting around
For a particular reasons I won't mention here 25% of the middle class will drop to the lower poor class.
BUT those who choose to do whatever it takes to be successful they will be all ok. Its their choice.
His concerns were to get his children to realize these facts.

I call BS. The rich getting poorer doesn't cause the poor to get richer. I think your company got ripped off by bad advisors.