7 big worries about the economy
As stocks move higher, Wall Street's enthusiasm can be infectious. But average Americans still face a host of very real economic dangers.
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Yep!.....Someone is finally brining this economy to light. Why did it take so long for someone to right an article with such factual information. And oh how true, the more worthless the dollar the higher the goods. Good luck everyone.
Hey! America how's that Hope and Change working for you? American's love Obama and his high gas and food prices, higher unemployment, Obama care, higher taxes, deficit, love being on food stamps and welfare, Love Obama for his part in making it hard for jobs to hire do to his policies. Obama is doing such a great job, don't you think? Boy, Obama loves spending people's money and taxing them to death, Obama loves to travel and to pollute the air with the tax payers plane, and yet he cares so much for the environment. He's such a great guy!!!!!!!!!!
I have to say the American people are so stupid, dumb, gullible to fall this President's BS.!! You all get what you deserve. I can careless.!!!!!!!!!!!
Never before in our countries history has so much wealth been transferred from savers to reckless investment. When and if interest is allowed to float back up the government will be crippled. More drastic cuts will be required as interest on accumulated debt will consume a large portion of revenues. Keeping interest negative will entice an underground economy almost completely outside the regular economic channels. The next fall will be long and hard.
It's so nice to see someone in the Media telling the truth.
- How the hell is a treasury a 'defensive asset?' (Unless you expect interest rates to stay in negative territory permanently which might be the only way the national debt, now at 105% of GDP, can be serviced) A 1% increase in interest whacks the value of treasuries by 12%, a 3% increase in interest rates destroys 42% of their value (thank you Forbes.) The bond market's way bigger than the stock market and part of the stock market's buoyancy is probably due to fleeing bond money. The only 'defensive assets' out there are precious metals and good luck in that game since the bankers' cabal in collusion with its own planted stooges in the government control metal prices for the banks' own benefit, customers and the Volker rule be damned.
- The derivatives 'book' is over a $quadrillion worldwide with Wall St banks having invented at least a third and maybe half of that. That's where the too big to fail, too big to regulate, too big to prosecute, too big to break up part comes in.
There trying to crash the system to take away entitlements pensions 401K's don't say they won't look at Cyprus. They have a new currency for domestic and separate for international. They will devalue USD. China is holding a summit this fall to invite more countries to drop dollar as world reserve currency and adopt their new gold standard system. That means dollar will be worthless and crash. If commodities were sinking why is gold and silver becoming harder to obtain?
Check some of the metal sellers on line, out of stock. Ammo is a hit or miss that's precious metal too.
Same Here Overby and I agree with what Natasha says as well. Obama yo mamma has done exactly what I thought he would do, nothing, and stay in office doing so. Useless! You'll have to kick him out to get him to leave. A civil war is coming... also how can gas jump so much in like 10 years time? How is everyone not up in arms over this or when is the breaking point $10.00 per gallon. Let's see, do I need a gallon of gas for my car (won't get me far) or a gallon of milk at like the same price and feed my kids cereal for a week. One sustains life and the other allows me to make more money for gas!
Donate to the save my family fund @ ww.etsy.com/shop/Toadems -my kids need a bailout!
I'd say this is an accurate summary of what I see has been going on with the economy. There is no prosperity for the majority of US citizens. Wages/income has been flatlined, coupled with a steady increase in food and fuel prices. The majority of US households are overloaded in debt, a paycheck to paycheck struggle to keep the wolves away. Any economic policies that glorify the ability to borrow money, aka debt is slavery is sure to be an eventual train wreck.
My position is that I've been subsisting on a small monthly pension from one of the Corporations I used to work for. Currently not able to collect Social Security, (not wanting to wish my life away) 62 for that, and I'm now 58. I needed 4 more more years with my previous employer, and a combonation of office politics and someones golfing buddy's friend that needed the job worse than I did, put me out the door. Tough break, just like the millions of other people in this country that have been unable to find gainful employment income.
It’s impossible to convince a man of something if his paycheck depends on him believing the opposite… Mark Twain
At the rate this administration spends our money....and I'm only saying our money because they keep saying our debt...this debt they have created will NEVER get paid back. And another thing...they don't create interest money when they print it...think about that...where does that come from. Wake up people!!!!!!!! Turn off the TV!!!!! Stop buying those damn iphone this...Ipad that....all your doing is giving them more wealth and you more debt!!!! Oh why do I bother!?
There is another threat to the American Worker looming now. The Amnesty of 15-20 million Illegal Immigrants. These are the people that will permenantly take those jobs that some are desperate for. Add 1.3 million foreign worker visas that Corporations seek EVERY year, to replace you with cheaper labor from other countries.
Find the truth of this scam at NumbersUSA. Corporate America does not want American Labor.
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