Marilyn Elam
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- 21 Jul 2008
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- #26
From the telegraph's article, it seems to have the similar concern with you, but just closely read the 2nd paragraph above. Even with my poor English skill, it is not about the war just between Japan and your country.
Why did we all ignore the Greenspan's ambiguous warning against the problem?
Good bye.....Japan is now responsible for the US's fiscal problems.
perhaps they can prove they did provide the required warning and it was ignored, and they went to the proper lengths to do so before surrendering and letting it come to this.
but to then shout "fire" in the crowded theater?
that act betrays certain intentions and useful motivations in itself.
words and explanation are not even needed to see the true picture.
friends don't do that to one another, unless they are fiegning friendship to gain access to your 6 o'clock so they can cut your throat in safety.
I know a set-up when I see one, as i am quite good at devising them as well.
I invite someone to prove me wrong.
Actually, the fear is very real and it is Hanky Panky Paulson and Bernanke who are leading us down the road of financial ruin by continuing to pump about $500 million/day into the economy with nothing to back it up. This will only lead to hyper-inflation which is already at 12%-13% in the US today based on figures released by the government last week.Ocean Dude said:Actually and factually, I believe it was Pachipro with his comments on another thread in this subject as well as the NY Times that started feeding this fear.
But Ben Bernanke, Henry Paulson, and I, Ocean Dude, have been doing our best to calm the financial markets.We will not rest until our job is finished.
Hysterical threads like these do NOT help. :auch:
It's a complicated relationship that's for sure, however I personally feel that Japan should be working towards evening it's position with the US rather than just seemingly bowing to demands from Washington.To say that Japan is not doing anything to help the US and warning against US agency debt is very ignorant and mis-informed. How long can one expect the Japanese people to continue helping out the US? Until they're broke also?
From the telegraph's article, it seems to have the similar concern with you, but just closely read the 2nd paragraph above. Even with my poor English skill, it is not about the war just between Japan and your country.
Why did we all ignore the Greenspan's ambiguous warning against the problem?
Actually and factually, I believe it was Pachipro with his comments on another thread in this subject as well as the NY Times that started feeding this fear.
But Ben Bernanke, Henry Paulson, and I, Ocean Dude, have been doing our best to calm the financial markets.We will not rest until our job is finished.
Hysterical threads like these do NOT help. :auch:
Why is Japan warning against US agency debt?
Well said and you are quite correct there, but you would never know it by the manipulation of the stock markets, foreign currencies, and gold and silver these past few days, but things in the US are far, far worse than the media will have you believe. Inflation and unemployment are at highs not seen in many years, forclosures are at a record high, and the average American has over $8,000 in credit card debt and the stock market goes up! It goes against all fundamental economic thinking. Many are upside down on their homes, unside down on their cars and are just a paycheck or two away from bankruptcy. Easy credit is harder and harder to come by and many are getting by on their credit cards.hsakakibara1 said:The US is in a fiscal mess. Hopefully, the housing crisis will ease next year but most financials are wading in tit-deep red ink. I live in the US and must say that the standard of living is artificially high (most people live according to their credit card limits and NOT according to their means). Well, that party is coming to a close and we will see a huge slide to poverty in the next 10 years or so. As it is despite lower housing prices many cannot afford a home. I expect a lot more homeless as well. Really bad.
Well said and you are quite correct there, but you would never know it by the manipulation of the stock markets, foreign currencies, and gold and silver these past few days, but things in the US are far, far worse than the media will have you believe. Inflation and unemployment are at highs not seen in many years, forclosures are at a record high, and the average American has over $8,000 in credit card debt and the stock market goes up! It goes against all fundamental economic thinking. Many are upside down on their homes, unside down on their cars and are just a paycheck or two away from bankruptcy. Easy credit is harder and harder to come by and many are getting by on their credit cards.
With the anathesia of easy available credit, Americans were able to live way above their means these past several years. Now the taps have been shut off and the chickens are coming home to roost.
We are just beginning to see the beginning of the meltdown I believe, as even Alt-A mortgages and prime mortgages are beginning to show signs of non-payment, then will come the credit-card meltdown.
How long can the US depend on Japan, China, and other countries to keep bailing them out? I believe they will soon give up and may just stop buying treasuries unless there is another major war or something. Georgia anyone?
It begins to hear of the sound of ammunition boots.....
US needs a war