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National debt is over $18 trillion. Couldn't pay off even a $1 trillion debt. And our own money is imaginary since it isn't actually based on anything of value. It's based on happy thoughts and fairy dust.
We're not heading for a cliff, we're already on the edge of it doing a remarkable balancing act.
National debt is over $18 trillion. Couldn't pay off even a $1 trillion debt. And our own money is imaginary since it isn't actually based on anything of value. It's based on happy thoughts and fairy dust.
We're not heading for a cliff, we're already on the edge of it doing a remarkable balancing act.
No, it's not based on fairy dust and happy thoughts. It is based on the value of the products and services produced every year. Those all have value. You can remove money from the equation, and the value remains.
National debt is over $18 trillion. Couldn't pay off even a $1 trillion debt. And our own money is imaginary since it isn't actually based on anything of value. It's based on happy thoughts and fairy dust.
We're not heading for a cliff, we're already on the edge of it doing a remarkable balancing act.
No, it's not based on fairy dust and happy thoughts. It is based on the value of the products and services produced every year. Those all have value. You can remove money from the equation, and the value remains.
From what I know, public debt is higher than GDP. That debt also does not include unfunded liabilities, etc.
Greenspan warns: There will be a “significant market event… something big is going to happen”
US is heading for a cliff?
February 23, 2015By Mac Slavo | SHTFPlan
With the Federal Reserve printing trillions upon trillions of dollars to keep the economic system afloat, many investors and financial pundits have surmised that the fundamental economic problems facing the United States during the crash of 2008 have been resolved. Stocks are, after all, at historic highs.
According to Lundin, the former Fed chairman made it clear that the central bank is facing a serious problem and one that will have significant ramifications in the future.
https://www.intellihub.com/federal-reserve-insider-alan-greenspan-warns-there-will-be-a-significant-market-event-something-big-is-going-to-happen/
I'm not going to worry too much about what Greenspan has to say. He was the most important player leading to the crash of 2008. He did more than anyone to create the real estate bubble and bust. As for his analysis, he is forgetting the fact that the dollar has been steadily gaining strength against all foreign currencies as is much stronger today than it was six years ago. His concerns would carry much more weight if the the rest of the global economy was in much better shape, but the fact is that the US economy is one of the strongest and the strongest of all the top economies in the world today.
National debt is over $18 trillion. Couldn't pay off even a $1 trillion debt. And our own money is imaginary since it isn't actually based on anything of value. It's based on happy thoughts and fairy dust.
We're not heading for a cliff, we're already on the edge of it doing a remarkable balancing act.
No, it's not based on fairy dust and happy thoughts. It is based on the value of the products and services produced every year. Those all have value. You can remove money from the equation, and the value remains.
From what I know, public debt is higher than GDP. That debt also does not include unfunded liabilities, etc.
Most homeowners have debt higher than their yearly income. The US is not in some dire situation about to go bankrupt. The thing that most everyone forgets is that the federal government has assets as well as liabilities. While current debt is around $18 trillion, current assets are worth approximately $130 trillion. The federal government also has the ability to raise taxes and increase revenue substantially if it ever became absolutely necessary.
Major U.S. Retailers Are Closing More Than 6,000 Stores
By Michael Snyder, on May 1st, 2015
If the U.S. economy really is improving, then why are big U.S. retailers permanently shutting down thousands of stores? The “retail apocalypse” that I have written about so frequently appears to be accelerating. As you will see below, major U.S. retailers have announced that they are closing more than 6,000 locations, but economic conditions in this country are still fairly stable. So if this is happening already, what are things going to look like once the next recession strikes? For a long time, I have been pointing to 2015 as a major “turning point” for the U.S. economy, and I still feel that way.
Major U.S. Retailers Are Closing More Than 6 000 Stores
If we cut, slash and burn..I'd say certainly.
We need to build up the economy.
Greenspan warns: There will be a “significant market event… something big is going to happen”
US is heading for a cliff?
February 23, 2015By Mac Slavo | SHTFPlan
With the Federal Reserve printing trillions upon trillions of dollars to keep the economic system afloat, many investors and financial pundits have surmised that the fundamental economic problems facing the United States during the crash of 2008 have been resolved. Stocks are, after all, at historic highs.
According to Lundin, the former Fed chairman made it clear that the central bank is facing a serious problem and one that will have significant ramifications in the future.
https://www.intellihub.com/federal-reserve-insider-alan-greenspan-warns-there-will-be-a-significant-market-event-something-big-is-going-to-happen/
You can expect more inflation, a stock crash near year end, and something worse by 2017 when the dollar stops being the default reserve currency.
Ah ... the sky is falling. I've been hearing the doom and gloom predictions for 5 years. I take it you missed the 150% market gains since 2009. Too bad for you.
Greenspan warns: There will be a “significant market event… something big is going to happen”
US is heading for a cliff?
February 23, 2015By Mac Slavo | SHTFPlan
With the Federal Reserve printing trillions upon trillions of dollars to keep the economic system afloat, many investors and financial pundits have surmised that the fundamental economic problems facing the United States during the crash of 2008 have been resolved. Stocks are, after all, at historic highs.
According to Lundin, the former Fed chairman made it clear that the central bank is facing a serious problem and one that will have significant ramifications in the future.
https://www.intellihub.com/federal-reserve-insider-alan-greenspan-warns-there-will-be-a-significant-market-event-something-big-is-going-to-happen/
You can expect more inflation, a stock crash near year end, and something worse by 2017 when the dollar stops being the default reserve currency.
Ah ... the sky is falling. I've been hearing the doom and gloom predictions for 5 years. I take it you missed the 150% market gains since 2009. Too bad for you.
The stock market performance is not necessarily indicative of the nation's overall economic performance. To truly see how well the economy is doing one must look at variables such as national debt vs. GDP. Factory orders for long-term hard goods. Inventory levels and trade imbalances. One must consider actual employment including the long time and chronically unemployed. Further one needs to consider dollar devaluation because of how much currency is being pumped into the economy and the inflation of prices that this is causing. Equally important is the amount of unsecured debt held by each American because as this increases at acts as additional currency further exacerbating dollar devaluation and inflation. Finally one must consider the median age of the average worker because as our population continues to age and birthrates of probable workers decline there are far fewer workers available. Without population growth within the working demographics there can be no economic growth.
It is not about seeing the glass as half full or half empty, it is about seeing the whole glass. You keep talking about how the Dow closed up by 6627 but of the 30 companies that comprise the Dow Index only 17 turned a profit and most of those in single digit percentages. However several heavy hitter stocks such as American Express, Intel and Proctor and Gamble, which are also in the Dow 30, lost more 10% of their value today. Moreover the Dow is only up 1.33% year to date which does not even match the rate of inflation. As a long term investor I see the market highly overvalued and expect a major correction to happen this year. The issue with that is many publicly traded companies lack the cash reserves to withstand a major downward correction and the post correction lull. Further, the FED is under incredible pressure to begin raising interest rates. Any upward movement in the interest rate will bring to an end this anemic and flat "recovery". Couple that with China's worsening economy, our growing national debt and high unemployment rates and the question goes from will there be a market correction to when will there be a market correction. I hope this helps you to realize that stock exchange averages were never meant to be read like baseball scores. Also, realize that while the glass is half full there is always a huge hole at the top for it all to pour out of.
Dow 30 Companies - CNNMoney