IMF: U.S. Debt Very Concerning

[freedombecki]

IMF chief: U.S. dance with the debt limit is ‘very, very concerning’

IMF chief: U.S. dance with the debt limit is 'very, very concerning' - Washington Times

The chief of the International Monetary Fund said Sunday the United States’ stalemate over spending and its debt limit is “very, very concerning” and has rocked the organization’s annual meeting in Washington.

IMF Chief Christine LaGarde was critical of any idea of slashing spending and their lovely meeting was disturbed when they found out the problem was the debt ceiling.

After reading the article, please comment.

 

[freedombecki]

China is using the controversy saying it's time to "de-Americanize" the
world., according to the UK Telegraph.

"US default fears prompts China's state-run media call for the world to 'de-Americanise' as Christine Lagarde warns of 'massive disruption the world over.'"

This wouldn't be happening if Obama didn't push so hard for turning America into a Socialist Republic. The Communists and Socialists should back off. Anyone else feel that way?

 

[expat_panama]

...the country is flirting with default on its debts...

Ah yes, the old "my way or we default" trick. The oldest trick in the book. Works every time--

PressTV - Obama warns against sequester
Press TV Feb 19, 2013 - President Obama warned Tuesday that allowing $85 billion in ... As the deadline for default neared,

Obama warns vets sequester may cut benifits.......then jets off to ...
Aug 10, 2013 - Default Obama warns vets sequester may cut benifits.......then jets off to Obama warns disabled veterans prolonged sequester ...​

--but the fact that it didn't work with sequester means it might not work with the debt.

 

[oldfart]

China is using the controversy saying it's time to "de-Americanize" the
world., according to the UK Telegraph.

"US default fears prompts China's state-run media call for the world to 'de-Americanise' as Christine Lagarde warns of 'massive disruption the world over.'"

This wouldn't be happening if Obama didn't push so hard for turning America into a Socialist Republic. The Communists and Socialists should back off. Anyone else feel that way?

Not I. I read the article. Anyone who was surprised the head of the IMF would take that position doesn't pay attention. She stated the obvious; no news here folks. You might like to check out her record as Finance Minister of France before using her comments to bolster your views. She proposed a stimulus program in 2010 and sent the names of 1993 Greek tax cheats with accounts in Geneva to the Greek government. Doesn't sound like the Tea Party to me.

 

[william the wie]

China is using the controversy saying it's time to "de-Americanize" the
world., according to the UK Telegraph.

"US default fears prompts China's state-run media call for the world to 'de-Americanise' as Christine Lagarde warns of 'massive disruption the world over.'"

This wouldn't be happening if Obama didn't push so hard for turning America into a Socialist Republic. The Communists and Socialists should back off. Anyone else feel that way?

You are looking at this bass-ackwards.

Default = currency depreciation

Fair Market value Purchasing Power value

6 yuan = $1 3.6- yuan = $1

95 yen = $1 50-80 yen =$1

$1.35 =EU $1.5-$1.6 = EU

In case of a US default the lefthand column will move towards or beyond the right hand column. I did the math based on Purchasing Power Parity vs. GDP plus press releases from the relevant bureaucracies. If you use different sources for PPP and press releases you will obviously get different answers but those figures are in the ballpark. I expect ex-pat and old fart to have dueling numbers with Toro throwing his own in. But three out of the four largest economies in the world go on life support if the US defaults.

So, in case of default expect veto proof investments (bribes) from these three sources to come pouring into states and districts.

 

[Samson]

I like the great solutions the IMF has for monetary issues associated with government spending:

When it comes to the U.S. economy, she said, the IMF tends to say, “Hurry up, but slow down.”“Hurry up because measures have to be taken now to deal with entitlements, as you suggested, because there is a level of entitlement coming up and big liabilities coming up as well in terms of interest payment,” she said. “But we say slow down because the point is not to contract the economy by slashing spending brutally now as recovery is picking up.”​

Hurry up!



Slow Down!



Sounds like it will never be a good time for the rest of the world for the USA to reduce its liabilities.....

 

[Quantum Windbag]

IMF chief: U.S. dance with the debt limit is ‘very, very concerning’

IMF chief: U.S. dance with the debt limit is 'very, very concerning' - Washington Times

The chief of the International Monetary Fund said Sunday the United States’ stalemate over spending and its debt limit is “very, very concerning” and has rocked the organization’s annual meeting in Washington.

IMF Chief Christine LaGarde was critical of any idea of slashing spending and their lovely meeting was disturbed when they found out the problem was the debt ceiling.

After reading the article, please comment.

Did they panic in 1979 when the US actually defaulted? If not, they should stop posturing now.

 

[Quantum Windbag]

China is using the controversy saying it's time to "de-Americanize" the
world., according to the UK Telegraph.

"US default fears prompts China's state-run media call for the world to 'de-Americanise' as Christine Lagarde warns of 'massive disruption the world over.'"

This wouldn't be happening if Obama didn't push so hard for turning America into a Socialist Republic. The Communists and Socialists should back off. Anyone else feel that way?

Not I. I read the article. Anyone who was surprised the head of the IMF would take that position doesn't pay attention. She stated the obvious; no news here folks. You might like to check out her record as Finance Minister of France before using her comments to bolster your views. She proposed a stimulus program in 2010 and sent the names of 1993 Greek tax cheats with accounts in Geneva to the Greek government. Doesn't sound like the Tea Party to me.

I might be wrong, but I am pretty sure I am mocking her views.

 

[Quantum Windbag]

China is using the controversy saying it's time to "de-Americanize" the
world., according to the UK Telegraph.

"US default fears prompts China's state-run media call for the world to 'de-Americanise' as Christine Lagarde warns of 'massive disruption the world over.'"

This wouldn't be happening if Obama didn't push so hard for turning America into a Socialist Republic. The Communists and Socialists should back off. Anyone else feel that way?

You are looking at this bass-ackwards.

Default = currency depreciation

Fair Market value Purchasing Power value

6 yuan = $1 3.6- yuan = $1

95 yen = $1 50-80 yen =$1

$1.35 =EU $1.5-$1.6 = EU

In case of a US default the lefthand column will move towards or beyond the right hand column. I did the math based on Purchasing Power Parity vs. GDP plus press releases from the relevant bureaucracies. If you use different sources for PPP and press releases you will obviously get different answers but those figures are in the ballpark. I expect ex-pat and old fart to have dueling numbers with Toro throwing his own in. But three out of the four largest economies in the world go on life support if the US defaults.

So, in case of default expect veto proof investments (bribes) from these three sources to come pouring into states and districts.

The EU is not a major economy. it is a major economy, Germany, saddled down with a bunch of rinky dink economies that hold it back.

 

[william the wie]

China is using the controversy saying it's time to "de-Americanize" the
world., according to the UK Telegraph.

This wouldn't be happening if Obama didn't push so hard for turning America into a Socialist Republic. The Communists and Socialists should back off. Anyone else feel that way?

You are looking at this bass-ackwards.

Default = currency depreciation

Fair Market value Purchasing Power value

6 yuan = $1 3.6- yuan = $1

95 yen = $1 50-80 yen =$1

$1.35 =EU $1.5-$1.6 = EU

In case of a US default the lefthand column will move towards or beyond the right hand column. I did the math based on Purchasing Power Parity vs. GDP plus press releases from the relevant bureaucracies. If you use different sources for PPP and press releases you will obviously get different answers but those figures are in the ballpark. I expect ex-pat and old fart to have dueling numbers with Toro throwing his own in. But three out of the four largest economies in the world go on life support if the US defaults.

So, in case of default expect veto proof investments (bribes) from these three sources to come pouring into states and districts.

The EU is not a major economy. it is a major economy, Germany, saddled down with a bunch of rinky dink economies that hold it back.

It is Germany with a lot of rinky-dink economies that permit massive undervaluation of Germany's currency. But I thought that was obvious from Merkel paying to put flatliners like Greece and Portugal on life support.

 

[freedombecki]

China is using the controversy saying it's time to "de-Americanize" the
world., according to the UK Telegraph.

"US default fears prompts China's state-run media call for the world to 'de-Americanise' as Christine Lagarde warns of 'massive disruption the world over.'"

This wouldn't be happening if Obama didn't push so hard for turning America into a Socialist Republic. The Communists and Socialists should back off. Anyone else feel that way?

You are looking at this bass-ackwards.

Default = currency depreciation

Fair Market value Purchasing Power value

6 yuan = $1 3.6- yuan = $1

95 yen = $1 50-80 yen =$1

$1.35 =EU $1.5-$1.6 = EU

In case of a US default the lefthand column will move towards or beyond the right hand column. I did the math based on Purchasing Power Parity vs. GDP plus press releases from the relevant bureaucracies. If you use different sources for PPP and press releases you will obviously get different answers but those figures are in the ballpark. I expect ex-pat and old fart to have dueling numbers with Toro throwing his own in. But three out of the four largest economies in the world go on life support if the US defaults.

So, in case of default expect veto proof investments (bribes) from these three sources to come pouring into states and districts.

Why would we tolerate owing more rather than less to our detractors? We need to get them off our fiscal backs and demand a tit for a tat in trade or else. They want what we have--our poor people are richer than their middle class.

A little reciprocity would be appreciated.

 

[william the wie]

China is using the controversy saying it's time to "de-Americanize" the
world., according to the UK Telegraph.



This wouldn't be happening if Obama didn't push so hard for turning America into a Socialist Republic. The Communists and Socialists should back off. Anyone else feel that way?

You are looking at this bass-ackwards.

Default = currency depreciation

Fair Market value Purchasing Power value

6 yuan = $1 3.6- yuan = $1

95 yen = $1 50-80 yen =$1

$1.35 =EU $1.5-$1.6 = EU

In case of a US default the lefthand column will move towards or beyond the right hand column. I did the math based on Purchasing Power Parity vs. GDP plus press releases from the relevant bureaucracies. If you use different sources for PPP and press releases you will obviously get different answers but those figures are in the ballpark. I expect ex-pat and old fart to have dueling numbers with Toro throwing his own in. But three out of the four largest economies in the world go on life support if the US defaults.

So, in case of default expect veto proof investments (bribes) from these three sources to come pouring into states and districts.

Why would we tolerate owing more rather than less to our detractors? We need to get them off our fiscal backs and demand a tit for a tat in trade or else. They want what we have--our poor people are richer than their middle class.

A little reciprocity would be appreciated.

You would reject factories being built in your home state and house district?

 

[freedombecki]

You are looking at this bass-ackwards.

Default = currency depreciation

Fair Market value Purchasing Power value

6 yuan = $1 3.6- yuan = $1

95 yen = $1 50-80 yen =$1

$1.35 =EU $1.5-$1.6 = EU

In case of a US default the lefthand column will move towards or beyond the right hand column. I did the math based on Purchasing Power Parity vs. GDP plus press releases from the relevant bureaucracies. If you use different sources for PPP and press releases you will obviously get different answers but those figures are in the ballpark. I expect ex-pat and old fart to have dueling numbers with Toro throwing his own in. But three out of the four largest economies in the world go on life support if the US defaults.

So, in case of default expect veto proof investments (bribes) from these three sources to come pouring into states and districts.

Why would we tolerate owing more rather than less to our detractors? We need to get them off our fiscal backs and demand a tit for a tat in trade or else. They want what we have--our poor people are richer than their middle class.

A little reciprocity would be appreciated.

You would reject factories being built in your home state and house district?

(1)no (2) yes

That's because I am not without mercy toward people who need work in large, sprawling urban areas, but I am concerned about our local areas who are welshing high taxes out of senior citizens who spent their money buying the American dream, and the locals assume you are a target for quick cash, because they are so used to using politics to feather their nests they forget they are dealing with human beings who earned their way by putting in 80- to 90- hour weeks to keep from going belly up in lean years, and whose honesty and hard work eventually earned other people's business respect and trust.

 

[william the wie]

The welfare-warfare state is dying Becki. The Ghetto, Barrio and trailer trash communities are killing themselves off. The same thing is happening in Europe and to a lesser extent in Asia.

 

[oldfart]

China is using the controversy saying it's time to "de-Americanize" the
world., according to the UK Telegraph.

This wouldn't be happening if Obama didn't push so hard for turning America into a Socialist Republic. The Communists and Socialists should back off. Anyone else feel that way?

Not I. I read the article. Anyone who was surprised the head of the IMF would take that position doesn't pay attention. She stated the obvious; no news here folks. You might like to check out her record as Finance Minister of France before using her comments to bolster your views. She proposed a stimulus program in 2010 and sent the names of 1993 Greek tax cheats with accounts in Geneva to the Greek government. Doesn't sound like the Tea Party to me.

I might be wrong, but I am pretty sure I am mocking her views.

I'm glad I didn't go to full rant mode then!

 

[Moonglow]

55 years ago many American citizens lived in tents and shotgun shacks.

 

[Samson]

55 years ago many American citizens lived in tents and shotgun shacks.

I suspected reading the article in the OP set the bar too high for many.



Good to see it didn't stop you from non sequitur blithering.

 

[Maggdy]

IMF chief: U.S. dance with the debt limit is ‘very, very concerning’

IMF chief: U.S. dance with the debt limit is 'very, very concerning' - Washington Times

The chief of the International Monetary Fund said Sunday the United States’ stalemate over spending and its debt limit is “very, very concerning” and has rocked the organization’s annual meeting in Washington.

IMF Chief Christine LaGarde was critical of any idea of slashing spending and their lovely meeting was disturbed when they found out the problem was the debt ceiling.

After reading the article, please comment.

Numbers,numbers, numbers, statistics is impenetrable, such as the jungle. Moreover: which is believable? On the Internet is variety of data.

Would you like to see more or fewer debt? You have freedom of choice.

http://www.economist.com/content/global_debt_clock

World Debt Clock National Debt Clocks From Around The World

U.S. National Debt Clock Real Time

In my opinion, the numbers do not show the real standard of living. Starving in countries little debt is, there is all things very few. The US is very attractive place. I would like get to America on some way.

 

[oldfart]

China is using the controversy saying it's time to "de-Americanize" the
world., according to the UK Telegraph.

"US default fears prompts China's state-run media call for the world to 'de-Americanise' as Christine Lagarde warns of 'massive disruption the world over.'"

This wouldn't be happening if Obama didn't push so hard for turning America into a Socialist Republic. The Communists and Socialists should back off. Anyone else feel that way?

Not I. I read the article. Anyone who was surprised the head of the IMF would take that position doesn't pay attention. She stated the obvious; no news here folks. You might like to check out her record as Finance Minister of France before using her comments to bolster your views. She proposed a stimulus program in 2010 and sent the names of 1993 Greek tax cheats with accounts in Geneva to the Greek government. Doesn't sound like the Tea Party to me.

I might be wrong, but I am pretty sure I am mocking her views.

Sorry I missed that; blame it on my meds. I haven't seen you posting much lately. Have I been missing something?

 

[william the wie]

not really