buy into illusions……..value is not in bills, rules, regulation, policy, procedure, statutes,…..it is relationship in law……..what is law………

Another big worry with regard to the collapsing dollar is that oil and most other commodities are denominated in our currency. What happens when the Arabs (and Russians) decide that the Euro makes more sense?

The collapse of the U.S. Economy and our dollar is the result of a systematic, premeditated, and planned looting. Out corrupt political system and the indifference of our people have allowed this to occur right from under our noses. Our constitution is meaningless and the ball game in the USA is over.

I am very mad and afraid about the amount that the government is squandering, and I fear that my grand children and my great grand children will not have a a good life. I see massive poverty.

The US is vaunerable,,,likes its never been vaunerable before. I blame the Democrats for the Mess our countries in. Identify the problem and do something about it.

Obama is deliberately doing all he can as fast as he can to bankrupt U. S. There must be some way to stop him before it is to late,

We should have taken the recession route. We have a prolem with the spending but also with Social Security and medicare. Our plight is going to happen sooner than later. Yes, we are in trouble. They say they can turn this around with out damaging the dollar because the dollar is now in a deflation mode. But the politicians will never let the country go into recession to stop inflation and that is what will have to be done.

R. L. Reynolds

Dear Charles,

I have been reading your mail from time to time.

Here is my feedback.

Based on what I read on your letters;

I can tell that everything you know about money, debt, interest, inflation, and economics and related subjects is wrong.

Reading your letters makes people stupid.

I say that with all due respect.

Your financial info is not the only one that is all wrong.

I won’t be travelling, and neither should the President.
We have become a world joke.

I’m Canadian , but obviously concerned about the US . Obama is out of control —–buying car companies , healthcare , you name it and they are BROKE !! The world currency will end to be the US dollar . Our military might will be over . We owe billions and billions —-China in Feb says we hate you people . Where are we going to borow money for our military among other things to protect and ensure our relations with China for example ——–CHINA !!!!
Nancy Pelosi and Barack Obama are scary people and Pelosi I truly question her IQ . Don’t forget , we had Pierre Elliot TRudeau the “messiah ” in the 60′s and 20% interest rates 10 years later . Wake up US ——please . Obama and the Dems want complete control of everfything from banks to health to cars and they want to decide who will then get what .

the china people were right to laugh at him. they know our paper is worthless. we do not respect our lenders look at the debt holders and who the winners are

Our country is heading for some very bad times. I am afraid the american people made a very bad decision in electing Obama as president. He is on a fast track to ruin this country. Wake up America or we will all be doomed. Our constitution means nothing any more. How sad for us.
john

Obama has done more to harm this country than any one person or group in our history.

If the dollar collapses, the joke will be on China! Who said we ever intended to payback the fools!

PRESIDENT OBAMA IS ON SCHEDULE TO TAKE THE UNITED STATES
DOWN THE ROAD TO DESTRUCTION…IN HIS TRIP AROUND THE
WORLD HE HAS NOT SAID ONE POSITIVE THING ABOUT HIS COUNTRY…HE IS SPENDING MONEY LIKE AN UNLOCKED WATER
HOSE…WHO IS GOING TO PAY FOR ALL OF THIS? OUR CHILDRENS
CHILDREN THATS WHO….HE TOLD THE FRENCH THAT WE WERE
ARROGANT..THE FRENCH OF ALL PEOPLE…HE HAS SAID NOTHING
POSTIVE IN CAIRO OR ANYWHERE ELSE HE GOES..BOTTOM LINE IS
THAT I WOULDNT TRUST HIM AS FAR AS I COULD THROW HIM.

I BLAME Obama and the Democrats for the Dam Mess our County is in And The Chinese own us so when they come for US give them Obama and Peeloosi First, then the Rest of the Dam Democrats Starting With Al Gore. Then Teddy and Bill Clinton.

All the reckless spending by this administration and the ultimate borrowing to support it along with tax increases will come a to head and then hyper-inflation. It will all come home and the country will be on the edge of bancruptcy with possibly no return. Why do these people think that the direction they are going with this is the right direction?

I picked up a science fiction novel over the weekend named The Unincorporated Man. The story is written from a very Libertarian viewpoint. One of the positions the author seeks to make is that no government should ever be trusted to print or coin money.
Our problem today seems to result from allowing politicians to make economic decisions — they can’t handle it. So long as they handle the recovery our recovery will be slow to non-existant.
Ron

My Dear America,
I am so sorry for the past leadership we have had, who did nothing for our state of affairs as we are now dealing with. This is nothing new and has been kept the “The Last and Greatest Secrete” of all time.
We may not be able to recover from this for some time, as a tax payer, not in our life time.
The time is now for all of us to surrender our way of living and to stop consuming any imported goods from any nation other then our own. Yes it is seriouse and we are to blame only our selves, no one but us and our elected officials were able to do this to us.
We have stubbed our toes and we need to heal them by taking care of ours and only helping when it is a natural need not a need for power and greed.

President Obama is doing just what he has been educated his entire life to do, and following the instructions set forth to him by World Leaders, and they are the Bilderbergs, Tri-lateralists, Council on Foreign Relations, and those chosen to personally advise him. Remember history- divide and conquer! If you bring your enemy to his knees financially and regiously, you will gain control over them and they will follow your direction because they have no other choice. It matters not what you invest in because you will need to redeem it soon enough and will probably lose the investment fees. Do you wonder why gasoline prices are rising? Do you suppose it has to do with the fiasco taking place in the Auto Industry and the Government takeover?? Soon enough it will be the food supply and power supply that will be governed by Government. Pland your Victory Gardens NOW!

@Stan Ellis

Stan, I am a positive, patriotic American, but I think you are right on the (depreciating) money. Can the unthinkable really be true… that the Obama government takeover and death spiral deficit spending, is in reality, being orchestrated to divide, conquer and destroy the US from the inside, by outside powers?

Vern

The unwinding of borrowed, leveraged derivitives created
debt that must be paid. Add to that the monitization of
the dept by bond issuance and money printing which adds to inflation and a devaluation of the dollar. Then add to that the interest on the National Debt and who,then, would be silly enough to buy US dollar denominated assets? It IS funny!

I think stan is right this act of corruption was premeditated now if gov invest in the right places could be the only chance for us i will invest in real property just like bank of america did in the great depression

bad words without something to back them@David Pelly

Smoke and mirrors and deception. Greed now being toppled while the blame game will be running short in the end. Bonds of all avenues Corporate, Muncipals, defalting. Fiat money turning the cource as history repeating its game, being worthless.

Capitalistic society a thing of the past. Big Government, states, politicians fighting like children for self-gain. Deceiving small and large governments begging for money going broke. Fat cats now becoming weak and thin throwing the blame all around. Fictuicious numbers projected for balance sheets. Government not knowing how to run a candy store and profit making deals that collapse.

Socialism creeping in people thinking government has the fix. Free markets the lifeblood of what built this country and all. Governements corrup stealing from the people that make it what it was. Taxing the rich the payers of the bills and creating jobs. Jealous politicians strive to taking it all and feeding those not willing to work and create a job.

Turmoil amongst all races media creating, government with a hand. Unrest, who to trust looking out for our backs. What was once great their stealing us blind. As in Rome following the path, due unrest, no path.

Stand up Americans we have the power to kick all the liars and cheats out of their ranks. Get back to the Constitution their trying to tweek for self gain. Power of the people for the people.

Why didn’t they listen to him when he was on the campaining trail.He said all of this then.We are finished until we get him out of office and out of this country. A.R,

I TRAVEL THE WORLD , AT ONE TIME EVERYONE WANTED TO TRADE IN US DOLLARS , NOW EVERYONE WANTS THE EUROS
OBAMA IS A FAST TALKER AND BIG SPENDER AND NOT IN THE RIGHT PLACES, HE IS NOT A BUSINESS PERSON AND THE PEOPLE AROUND HIM , ARE PART OF THE PROBLEM, INCLUDING ALL THE GOVERMENT , NONE OF THEM EVER RAN A BUSINESS. IT WAS JUST BUSH IT WAS ALL OF THEM GIVING THE MONEY OUT WITH BACKING UP THE FUNDS.IF CHINA IS SMART IT WOULD INVEST SOME OF THE MONEY BACK INTO THE USA IN BUSINESS PARTNERSHIPS AND CUT OFF OBAMA FROM SPENDING AND GET THE DOLLAR BACK UP .

They want to destroy the dollar and bring in the amero.
buy gold while you still can

I got gold and silver in 2003. It was not and still is not an ivestment. It is very good savings plan. I froze my puchasing power in 2003 dollars. When investment firms say go into cash……some did not go the extra mile to tell you what cash…. Gold has been cash since the dawn of modern man.
Funny thing though is that energy is starting to show signs of becomming cash as well.

Osama OBama is right on schedule to bankrupt the USA. Who will come to the bankrupcy sale? What will the citizens have left? Looks like Alkida is going to win after all!

Lynn. Inflation is on the way. It is not hard to understand that over spending causes inflation but before that happens we will have a deflation. There is a lot of hard times coming.

Yes, The chinese are right to laugh at us, they practically own us and they are losing money because of our banks corruption and greed!!

They say that USA sneeze the others have a cold, I do believe if China sneeze we will have swine flu!!

The American people lends the money to the banks, insurance companies and car companies. The CEOs paid themeselves bonuses and outsource the jobs to India, China, Philippines and other countries.

We, the American people we are either stuping and do not care what is going to happen to us!

Geithner has been a joke and incompetent for several years. He helped to criple the NY banking system and eventually the US banking system with his lack of leadership and putting his head in the sand despite his examiners reports and warnings while he was head of the NY Fed. He continues with “deer in the lights” reactions. He is not proactive or intelligent enough to lead us. This bears out in that no one will risk their carre in following him today.
Roy
West Caldwell, NJ

I see a potential for a repeat of 1922 Germany and Obama as a possible return of a Adolph Hitler type Dictator.

the five letter word m-o-n-e-y followed by another five lettered word g-r-e-e-d will help to self destruct our beautiful AMERICA. (it’coming!!)

Geithner has been a joke and incompetent for several years. He helped to criple the NY banking system and eventually the US banking system with his lack of leadership and putting his head in the sand despite his examiners reports and warnings while he was head of the NY Fed. He continues with deer in the lights reactions. He is not proactive or intelligent enough to lead us. This bears out in that no one will risk their carre in following him today.
Roy, West Caldwell, NJ

Geithner has been a joke and incompetent for several years. He helped to criple the NY banking system and eventually the US banking system with his lack of leadership and putting his head in the sand despite his examiners reports and warnings while he was head of the NY Fed. He continues with deer in the lights reactions. He is not proactive or intelligent enough to lead us. This bears out in that no one will risk their carre in following him today.

Remember……divide and conquer!! Good bye to Capitalism and hello Socialism. What is next? Communism???

Bernanke say “We will not monetize our dollar.”

Others say “We are priting money like there is no tomorrow.”

What is the truth?

We the people will have no say in what is happening in Government. With the appointment of all the Czars, Obama has bypassed both Congress and Senate. These Czars answer only to Obama, no one else.

Inflation is not coming; it is already here. Perhaps it has never left. Walking through your local grocery store, clothing sore, etc is more enlightening than reading the administration “under-reports.” Inflation has been routinely under-reported by every administration beginning with Reagan.

To me it is presently unclear whether current US Monetary Policy will ultimately lead to truly significant inflation or, whether current early stage inflation will ultimately morph into deflation and subsequent depression. Such an environment makes it exceptionally difficult to invest with any degree of cerainity or confidence in strategy or ultimate outcome.
The only answer at present, is an approach of hedged positions in which one attempts to protect oneself from both potentialities until such time as likely outcomes become more clear.

Brian

No one can logically argue with your premise that the U.S. Dollar is facing a cloudy future. Unfortunately,much of America’s economic influence on the world stage will suffer with it. I think an American investor should take steps to protect assets from the falling Dollar. The step I’ve taken may not be the most sophisticated,but it’s simple: I bought TBT, the ETF which assumes the value of the Treasury 20-year bills will fall as investors refuse to buy them until the yield increases significantly. (They are a double inverse on the 20-year bill).

I am very conserned about inflation that’s why I worked so hard to get a morgage instead of paying rent to me it seems like a good hedge .. We will have inflation .. And it will be disaterous

The government should postpone any national health care programs until a way to pay for it, other than taxes, can be found. Most Important, the government can not run any program cost effectively because of lack of understanding of the simplest budget process. Earned income minus expenses equals net profit. Our current Health Care system needs to be totally disected and analyzed.
Any cost savings in healthcare expenditures is simply going to be eroded away by the inflation that comes from priting to much money.

I predicted this as soon as the election was over!!! As radical as this may sound I believe that Obama (who has yet to prove his citizenship) is anti American and wants to destroy America!!

Thank you all for the great confidence you have in our government. Remember this is the government of the people and not the other way around. Reading your comments are an indication why our government is heading towards Socialism. While you people sit there crying in “self pity”, we the people the “Real Americans” will show the Chinese and the rest of the world government, our rise to the top of this globe was not a fluke.
So what if the Rothschilds live in Europe, thier heart is always be in the US of A. Have faith my fellow American, this too shall pass. No matter how bad it get here in America, it still is worse in the rest of the world. Give a choice to the Chinese, half of them will migrate to the USA. Give a choice to the Indians, half of them will migrate to the USA. As long as this is so, no one can topple America or its people.
Always remember American Money is a bi-product of American Intellect and American productivity. Governments will come and governments will go, American People will be for Ever!!!!!!!!!!

It sure looks that way!

@Joe

Ever wath a Magician? All is illusion. Time to stock the larder with food to last a while. Food is not going to be cheap. President Obama is not the cause of the present crisis. Look to the previous administrations and their lack of oversight. Other countries have medicare and are prosperous. A person who is ill and cannot work is of no benefit to themselves or the economy. President Obama is trying to do what is right. There are too many naysayers and not enough doers. Everybody should help their neighbour if possible, someday their neighbour might be able to help them. Last but not least, Pray to God that He delivers you from disaster and evil.
Frank
A U.S. neighbour

Let us not focus on our beloved Republic, the United State of America who has for so long been the Beacon of Hope for so, so many, but rather, let’s look to the EU, soon to be comprised of only ten (10) nations all dependent on the German-led EU who will challenge the Iranians and seek to become the Middle East power broker for it wishes to break its recent German-Russian oil alliance and secure oil without any ties to Russia and Putin’s KGB.

Contrary to Agreements “etched in stone” after the Germans were defeated in WWII whereby Germany would never deploy an army and navy such as wel see today in its modern, fast-deployment forces and shiny new war vessels sailing the Mediterannean soon to directly amend the dreams and aspirations of Iranian leadership, it is Germany that the world should focus on and of course its willing partner, the Vatican.

President Obama, a gentleman who does nt have my support as a natural born citizen of the United States with Hellenic roots back to Sparta, Mr. President did a good conveyance of truth that Americans did find their country out of tryranny and oppression and founded a nation based on Judeo-Christian values tolerant of others including Islam and my own Greek Orthodox traditions and others as well.

While the word Muslim truly depicts one who practices a law and anyone can become a Muslim by reciting a line, Islam and its Koran, Christianity and its Bible and the Hebrew with special covenant with the Lord should not necessarily embrace one another, however if this world which requires tolerance and respectful understanding of one another and of precious Life, it is time we listen attentively to Mr. Barack Obama and other scholars and “entrusted” leaders that a woman is indeed equal to man, she should not be thwarted in her efforts to portray her individualism and as a multi-tasked and dynamic human being, She should be respected as well as She understanding her responsibilities to herself, family and to society as She is directly responsible for assuring that all children no matter where are afforded Life and the dignity which all require.

I have walked the streets of Hebron and Jericho. I have been down the Nile and I have visted Jerusalem many times and Tel Aviv and it is time that this new generation – especially the young in Tehran – stand tall for their respective heritage, but also willingly understand that everyone has a right to practice and lead Life as they choose in a civlized manner. We must respect one another.

Our “entrusted” votes in confidence of those who choose to pledge themselves to public service and the majority of the populace must be held to high standard. There is far too much corruption and self-serving agenda in global governments.

Moreover, little reciprocal respect is shown from those who seem to prefer self-serving agenda versus the good of mankind in seeking the majority opinion. Special interest groups here and yonder are far too inflencial at local, state and national levels of governments.

It is time to clasp hands and enjoin fellow neighbor to demand a better, more transparent governing and all should remember that since Babylon, no matter what form of government, man’s greed and intolerance of others assures failure.

We must be vigilant. We must punish those that seek to murder, to kill innocents for all are God’s children and as God’s children we have a responsibility to respect one another and to not embrace, but to acknowledge one another and Live together tolerant of our differences and in celebration of our similarities.

God Bless us all for the arrogance of mankind, the actions of central bankers, the thievery from the common man has led to a global failure in economies which will now be addressed by demanding transparency and an honest commitment to one another for this lust for power and greed has cause much disharmony and jeopardized the smiles of children everywhere!

Christopher Tingus
chris.tingus@gmail.com
Boston

What month in 09 will we retest the March S&P lows?

Are all You to dumb to read or reason voters happy now?

Let’s get this straight from a Canadian. The old USA and its corrupt, greedy corporate culture have under the unregulated free enterprise system, mismanaged its nation to the point that it is crippled at the expense of its people. With many trillions of non-exixtent dollars needed to handle the next two crisis with health care and social security, it is no wonder that the world now sees the new disciplined China as a far more responsible economic world power. The USA and its false nationalistic pride in itself now has to yield to the fact that Beijing, not Washington, is the world capital from where the fate of the old USA and the world economy will be decided.

These FED people are criminals who should all be n prison for sucking the people dry and carrying out under handed criminal deals

GKS I believe the cfr is the gov’t behind the scenes in usa is purposely causing the corporate collapse and corporate factory export of industries destroying high pay jobs and middle class.This causes specific industrial pillars holding usa together to greatly weaken country as well as inflationary currency collapse to further their socialist world rule in conjuntion with England & colonies.Geithner not stupid &is taking orders from them. The Bible in Rev. states that there will be great fear across the world before Jesus comes. One of biggest is no value money. Time is very short if you follow our Lords Prophecy.

Well the liberals &etc asked for it now they are going to get it but us working americans are going to pay for it. this man(obama) is the best con man to come down the road in along time, better that Ponzi, madoff and one of our last Presidents.

We need to abolish the federal reserve, which is not a bank at all. It is a private group that writes a check to the government to create our worthless money out of nothing. Our government then, including you and I as taxpayers, pay interest to the federal reserve after they have created “money” out of thin air. What a colossal scam!

Does anyone know or have an ides of just what the New World Order is???? I personally believe that President Obama is the persona of the New World Order, and Big Brother has been here for quite a while.

I wonder if Mr Bernanke gets paid in American dollars, and if he does, is it in an American bank?

As for all those screaming about Dems this, and Dems that, please keep in mind that Obama and co. are here to finish the job started by GHW Bush. It doesnt matter who the President is, they all serve the same master.

I agree withChinese. They have been stung before with buying hugh chunks of our stock, Blackrook, which was hyped and sold for 33 bucks and then proptly fell to 5 or 6. Highway robbery be Swartzman. Chinese prob think we are a bunch of theivies. SWe have to turn off the printing presses and Merkel the German Chancellor is right

America has lost its way!

I believe the dollar will drop 50% or more, when it does chinas assets and investments will be worth 50% less than they are now, all those greedy firms that set up in china for cheep labor will be taken over by the chinese, they will end up with nothing.riots in china with the starving masses will go up in smoke!,would not want to be an american in china, exports from china to the US will stop, were out of money,gold will drop, theres no one to buy it! the US people will clean out the government and prosicute all that commited financial treason incuding the pelosie gang and all the crying liberals and there special interest groups that have killed this country,and there wind mills that are a costly joke, US oil and gas will boom, the arabs will go broke with empty oil wells, europe will go into a slow down,america waste so much money and resauces,we will learn to conserve and down size the government like Obama promissed but never did !he increased it! we will learn as the brits did, we cannot be the worlds policeman,we will stop giving away our money to countries that stab us in the back,right now Obama promisses money to other countries that we dont have, when they dont get it or we stop it then they hate us.
give them nothing let them starve and kill each other, its time for america to get back to the constitution and restart manufacturing again.

This economic situation is nothing new, we have been living on credit and giving billions in interest to the banks, there are created interest in this country to help the rich to get richer, Obama is not the problem, the problem comes before him, previous presidents have made a lot of stupidities letting our factories to leave the country, we need JOBS!!!!! in order to be able to produce and export our own., China has taken advantage of USA, but the Chinese they are not stupid the got us by you know what…….. Stop blaming Obama he is not God and he will not be able to save us from the debacle that is coming soon……..Our dollars are trash!!!!!!

Hyperinflation is coming, buy DROOY and you will be rich…

That “inflation is under control” is just so much BS!

The US Govt. in any market will eventually destroy it.

Government is the problem, not the solution. The workings of private enterprise, i.e., self-interests, are the only endeavors that can pay off the debt and rebuild the US economy. The longer the govt. meddles in the marketplace, the longer it will take to dig out. Socialist/communist principles have been demonstrated many times, and they all ultimately fail. What new “manifesto” or grand plan has been proposed to suggest that it might work this time? It has been said that those who do not know history are doomed to repeat the mistakes of the past. Anyone for a John Galt Society?

China is going to own us and France is next in line.
I am glad that my age makes it so I will not be governed by their laws. China laws and France running the auto business..

The administration does not understand that without liquidity in the loan markets for larger loans (above 714k) will continue to depress the luxury markets nationwide. If they know this they do not care. 1 in 5 people owe more on their home than it is presently worth.
A year ago the common theme for there to a real sustainable recovery we need to have 2 things happen.
—-1– a true floor in housing is needed because that is what the consumer banks on long term-hasn’t happened and with interest rates spiking up over half of all residential refinances in the pipeline are not going to close.
2—–total transparency in our banking system–this has not occured. In fact small to regional sized banks are the target of the administration (besides citi-bank which has been insolvent for years)and are afraid to sell loans to FNMA (which by co-incidence has the best rates in the country) for fear that the fed will put the loans back to them and make them repurchase the loans if they default. This is transparency but of the wrong flavor

BULM is exploding as we speak, buy gold!!!

Change… remember…We voted them in..its amazing how people who think they know every thing have the unique ability to screw things up.

Its time for the million American march on the Whitehouse.

It really amazes me idiotic how the government can print money like there is no tomorrow and tell the american public everything will be ok. Only an idiot would believe that you could print and spend money that you don’t have and not reap a wirlwind. If China decides to stop buying US Treasuries, where will the US get its money? Our economic system is a house of cards, and our leaders are morons. I would not be suprised to see the economy completely collapse.

I am 74 years old; served in Korea and have seen good and bad times; but these are the worst.
We had a chance, during the election, to prevent the chaos that is Washington . We would have had to elect the “Better of two weak candidates”; but I do believe McKain would have had a bit more fiscal restraint. Obaama told us what he was about and his history verified it. We can complain while he brings the greatest country that has ever existed into fiscal ruin or we can attempt to stem the bleeding in the mid term elections by electing only those people that promise strong fiscal restraint . (If there are any.)
Look at the world around us, do you see any country that has a Socialist form of government that is as potentially healthy as America when we follow the Democratic principals of our founding? GOD Bless America and for Obama’s information, a Christian nation that tolerates all religions and not a Muslim nation that would be intolerant of any other religion.
Please vote and choose intelligently.

Obama and the democratic party are to blamed, They were there and did not want to impeach Bush so to get an easier way to the white house. Obama has lied to the people, He was to stop the war. He is only shifting it somewhere else like Afghanistan, Pakistan, Iran. But we were warnd by rev Wright, Obama will say anything to get elected. U.S. biggest problem is the war, the war that you can’t afford and can’t win unless you find the WMD. Well you will argued what about 9/11, well Bush invade Irak before 9/11. 9/11 has been in preparation long before the invasion, 9/11 was DESERT STORM, it was retaliation for desert storm it has nothing to do with Bush invasion, you can thak Bush the father for 9/22. Why do you have to be at war with anybody? Can’t you get along with peoples? Invading other’s country will create ennemies, what you call terrorist. By invading for no reasons at all are’nt you the terrorists? Did’nt you terrorised those peoples? We all saw the videos,the destruction,killing,torturing,raping, what king of reputation do you try to achived? Obama’s message to those peoples, Obama is failing all over the place, He stoled his nomination from Hillary, He failed on the choice of VP, and all his nominees for that matter. Failed on the war, failed on Guantanamo that he is not closing but merely mouving somewhere else, failed on free trade, on the economy, tell me who will bail out USA when the payments comes due? The man is a preacher,he always need an audience to lectured to. He failed on the banks, on GM etc. Now he is courcircuiting the senate and the house with his TZARS, 26 of them, as they are accountanables only to Obama. The russian TZARS were accountanables only to God , Obama think he’s God,in fact he is not even an American, Why don’t he show his birth certificate? He is a Kenyen.

My concern is not for myself or for my wife. We have lived within our means all of our lives, we have invested, and no matter how bad it becomes, we will be OK. (We chose the lower pay route of working for government, and now we are reaping the harvest of government pensions. That our investments are down 30% from their high of October 2007 does not affect us either. Over the long haul these earned us an average of 8% per year, out performing the average inflation.) My concern is for my children. My son is unemployed. My daughter and son-in-law have moved in with me (rent and utilities free) to cut expenses while they pay off debt.
IMHO, the current administration is doing an excellent job. It is trying to repair foreign relations damaged by previous administrations, it is trying to prevent the collapse of the banking and the insurance industries, and it is investing in troubled industries vital to America’s future. I believe that given the situation the Obama administration inherited, it is on the right path, but I also believe we will see more hard times before it is over. I suspect the recession in the housing market will worsen, as will unemployment and underemployment. Eventually there will be a return to prosperity, and with it there will be inflation. These are cycles that have taken place in the past, and will continue to take place in the future. That the Chinese laugh is indicative not of us, but of their cockyness. We too were cocky when all we saw were huge increases in our gross national product.
My family is investing in the future now. I am providing funds that all can continue their education, so they will be better positioned when all of this ends. And, as I am able to wiggle free of the equities roller coaster, and have money to invest, I plan to divert a larger portion into fixed rate universal life insurance. I once scoffed at it because the return was low compared to equities. Now, having a place where my children can borrow money inexpensively while they earn a guaranteed minimum 4 1/2 % does not seem so bad, infact, it is the perfect shelter in this perfect storm!

What do you get when you succumb to academia, scallywags, politicians, Wall Street, activist judges and the moneyed folks with power? Diversity, socialism, corruption,poverty anarchy, lawlessness, a national debt that can never be repaid, a dictatorship and the destruction of America as we knew it!

Inflation will be as bad as it was under Jimmy Carter. And that was absolutely terrible. A devalued dollar solves no problems, but creates major issues for our children and grandchildren.

Congress helped create our current mess. Yet, they’re the only ones who’ve avoided any blame so far. You folks who voted in Obama, Reid and Pelosi are likely to get what you deserve within the next couple of years. The bad news is that those of us who lived within our means are going to have to suffer right along with you.

NOW IT LOOKS LIKE EVERYONE IS BLAMING OBAMA! WHAT HAS EVERYONE EXPECTED…THE SITUATION TO TURN AROUND IN A MATTER OF MONTHS? HE DID NOT CREATE THIS MESS.
THIS TRAIN HAS BEEN STEAM ROLLING DOWNWARDS FROM THE BUSH YEARS AND WILL TAKE AWHILE TO SLOW DOWN BEFORE DESTRUCTION AND THANK GOODNESS OBAMA IS HERE TO HOPEFULLY STOP IT BEFORE THAT HAPPENS BUT IT WILL TAKE TIME. HE IS NOT HERE TO DESTROY HIS COUNTRY AS SOME IDIOTS ARE SAYING – WOULD HE WANT TO LEAVE THE COUNTRY OF HIS CHILDREN PURPOSELY LIKE THIS. THIS CAN NOT BE RESOLVED OVERNITE. IT TOOK BUSH YEARS TO GET IT TO THIS STATE. GIVE THE GUY A BREAK AND SOME TIME TO TRY AND REVERSE THE SITUATION. YOU SHOULD BE SUPPORTING HIM!

Only an idiot government would print money as worthless as ours will be…………they may get the economy going again butthe cost will be way too high,,,,,,,,,,,let those stupid enough (banks, insurance companies, individuals,etc.) pay the price for their greed and stupidity……….why should those of us who have worked and been prudent be forced to pay for all these things, including health insurance for those too lazy to work………..the American dream is fast going down the drain when it does not have to……..we are already socialistic and headed further that way………our standard of living continues to go down,

Daniel James

We thank you for, Hidden Values Alerts
When we talk about value investing, America’s educational
programs ARE shamefully loesing 50% to 70% youth droping out. The American Welding Society & Future Framers of
America are supporting and encouraging better updated skills Training at all schools.

This is what we call Value Investing in AMERICA’s Youth as they are the future Leaders, Skills & hope of America.
Best always, C.E. Daily

Why all this anti Obama invective? Obama did not create this mess you’re in, and the capitilastic empire of greed that you all want to regain is gone, and it wasn’t Obama who did it to you. It was unfettered swash buckling capitaism that did you in, and you want it back.

Yes your dollar will sink, and the price of oil, gas, copper, and gold are based on U.S. currency so inflation is headed your way. The reality is that Obama and his team chose inflation as the lesser of two evils, the other being a collapse of the financial system and an outright depression.

As an Investor, I may not be be buying your currency, neither am I afraid of it. I will buy good well managed American companies and rely on their hard work American entrepreneurial spirit to hedge against inflation.

You had your second amendment, and you didn’/t fire a shot, so why all this gutless recrimination against someone to whom you owe your economic survival, pending iflation notwithstanding.

@Jim
HE WILL NOT BECOME A 2ND HITLER. THE KKK WILL SEE TO THAT.

Our economic illness is a direct result of “The New World Order” and the global plan to drop The United States to a second class status. This is being done the same way a frog is boiled to death with out it knowing…gradual rise in temperature of the water.

I want more and I want it now and I don’t care how I get it and I want to make sure that I keep it and because I am an AMERICAN I deserve it, no matter who I hurt, kill or exploit to get it…that seems to have been the attitude of the United States and WASP for over a century.Now with a diversifing population that came from picking your fruits and vegtables,car makers building poor cars all through the seventies,eighties and nineties, the unions taking all the profits that may of went to R and D and wise investments in our children future THEN, and no one caring and the hate and “my way or the hiway” position of the conservatives and the effect of world opinion towards the U.S. Now the ride is over. You are reap what you sew and now PAY THE PIPER, thank GOD that there was enough voters to blast you glutens out of office. NOW you have to give it up, and your angry. Just liked children that is being told NO MORE CANDY. Suck it up and change, its your turn to do with out.

Another from Canada….Is the U.S. to big to fail? It would seem not, for all intents and purpose the U.S. is bankrupt. It is the King with no clothes and some voices are starting to acknowledge it.
The future is with China and to a lesser extent India and a handful of other countries.
The business class has taken a vow of poverty (for the poor shareholders of the companies they run) Governments of the past have let this come about by turning a blind eye to what has been going on.
Jobs have disappeared due to outsourcing. The power of the U.S. is now in the military but for how long?

The real problem at this point isn’t money, inflation, or greed, they are only the tools they are being so wisely used by a very intelligent, charismatic, well trained, socialist/communist/Muslim, who has managed to move in at just the right time, Mr. Obama. This large group of socialists have been working at this for decades and we, naive greedy, quick to blame others, eager for change, even if it’s wrong, American citizens have fallen prey to what they have been planning and working diligently at for years. Mr. Obama and his followers are not making mistakes. What we see as mistakes and stupidity is what they are shooting for. The only way for them to take over completely is to divide America, and bring it to it’s knees financially and spiritually. America is/was an English speaking, morally based Christian, capitalist country. He is doing everything he can to destroy these things and we sit and let it happen. He travels and tells the world we are not a Christian nation, we are arrogant, we are just a country of people with many different make ups, faiths or different values. No that is what he wants and what we are becoming but that is not what America has always stood for. Three out of four Americans claim to be Christians, yet we sit and do nothing, when the PRESIDENT of the greatest country ever known to man, declares to the world we are NOT a Christian country. This man is NOT an American. He is a traitor to America and he needs to be impeached. Until that happens we are doomed and if it doesn’t happen very soon we will never be the Proud Loyal Great United States of America that this WORLD has known and depended upon for 200 years. Shame on us.

Well my point of view is invest in Canada. Have oil, 2nd in the world for reserves after the Saudia. Got the gold mines, potash, lots of fresh water. The banks are the strongest in the world.Yes we do need trade, but what country doesn’t.

I truly believe we are in deep doo-doo. There are so many things hidden that we shoulod know.1) Fiat is not putting one dime into Chrysler. Obama spent time with Ghadaffy before election, and I’m certain that is where most of the $7M campaign money came from. Having his man as Attorney General assures that we will never find out. Ghadaffy owns 2% of Fiat, and this is payback.
The auto workers did not back off at all on the horrific wages that drove Chrysler and GM to bankruptcy. They gave a little on retirement benefits for the sick. The government was to own 72.5% of GM, we backed off to 60% and the difference went to the auto Workers. The Union bought themselves a president.
2)Obama is furthering the society of dependence. There is no longer the incentive to strive for a better education, job,or to become wealthy. The masses that are on welfare are living without working, and their votes will go to the person whom can keep their life uncluttered with such things as work, and will dish out the entitlements. Obama’s their man.

Charlie, are you aware that quite a few of the posts here sound like the ravings of a paranoid schizophrenic?

For example, Steve Hougland Post #64, a little lithium could do wonders for you. Unless the lithium treatment interferes with your BigFoot hunting or your UFO monitoring at Area 51.

When will the present status end or start to turn?When the people that elected this crew realize’you never get anything for nothing’Maybe 15% unemployment before the donkeys wake up that free enterprise not the big government is what made this country.I fear the donkeys will take at least 3.5 yrs to learn and by then it will be too late..we will become as socialist as Europe.I pity my children etc and put my faith in God and Science that a few miracles can occur. G.F.Thomas(81)

As long as countries like China and Japan keep their currencies artifically low, there will be problems. Our dollar has to go down against these currencies. If they will not raise the value, then they deserve the printed more worthless dollars.

After reading the comments the only obvious thing is the respondents’ need to study grammar and spelling.

Obama is behaving like every good democrat, spend, spend, spend. But he is attempting to clean up a mess caused by Republicans who encouraged Greenspan, Bush’s puppet, to allow the cost of capital to remain at historically low levels far too long which started the mess which allowed too many pigs to slurp and belch at the trough.

The Roman Republic(our form of Government) failed as the polictical class became life time members. Our Constitution al creatorsunderstood this. But, since the Supreme Court outlawed term limits of Congress, we have been folling in the samne slippery slope. My solution is vote them all out. Whoever would replace them cannot be worse, I hope.

Yes the world is laughing at the commiecrats!

@LR
LR your an idiot did you read the other posts,, they are verry true. WH

why not buy real estate low now and hold til the market gets better??@janbil

Charlie;

Those “Bozos”, Obama and his entire bunch of financial idiots, ought to be castrated!!

One would have thought that coming into the office with no experience himself, Obama would at least have brought some seasoned talent with him.

If there were an ideal “spread” on any investment exchange today, it would involve shorting the dollar against going long on gold. A guaranteed WINNER!!!!

Rush

Wake up ladies and gentlemen…our country is not Democratic or Republican: it is being run by the Bilderbergs. Read “The Bilderberg Group” by Daniel Estulin. Also, if you want to understand what’s really going on, google PNAC and read the plan authored by Cheney, Rummy, Kissinger et al. (The Plan for a New Americasn Century).

the whole problem is china
the money we borroed is our money
where they got themoney anyway
from the profit they made from us and put the american labor idle
the whole thing is unit cost raw material labor and overhead
we are paying there labor and they are saying we owe them money
china will be out of business if they dont be partner
american people they need to wakeup and start buying american product now
and everybody need to adjust like merchant making two hundred percent profit doctors want to get rich
nurses want to get rich and we tell the man who is doing the work
your credit stink
i think obama is doing good job
but he need me to put my finger on the problem
lets not forget amerca is great country
abe

If the dollar is disappearing into a vapid wasteland of wothlessness due to inflationary factors. is this the time to buy a house? are priced in that market due to rise of continue falling? Anybody?

Aonymous, he’s not any kind of idiot, financial or otherwise. The only idiots are the American citizens who keep debating these things. B.O. and his followers had a well defined, orchestrated plan and most of it is coming to fruition because they keep everyone and everything unbalanced and running in many directions. They are far from idiots, it would be a blessing for America if they were. You can’t fix a problem if you don’t define what the real problem is and at this moment the problem isn’t our economy, the real problem is the driving force behind it and what their motivation truly is. We need to wake up quickly here.

I DON’T THINK CHINA CARE’S ONE BIT FOR THE DOLLAR, THEY COULD CARE LESS.THEY GET WHAT PERCENTAGE OF OUR GRAIN,SOYBEANS,YOU NAME THEY GET IT.THEY GET THEIR PAYMENT .I BELEIVE.TELL ME IF I;M WRONG.

“W” got into this mess and ran with his tail between his legs. His cabinet was pathetic ! The finance people were 30 years behind time. Cheney is still blabbering and makes no sense at all. He misses the power that “W” would not allow him to have.

Who cares about China or any other country. Worry about yourself and all problems will be solved. Take advantage of what is going on with all this government spending. Invest where the money is being spent. Make a buck and get out. What do I see? Interest rates are going up. Buy a house if you can. Rent it out. In five years people won’t be able to afford one. So they wil rent yours. Nice profit. The stock markets at an all time low but climbing. Invest for the next three months. Healthcare companies maybe? How about comodities? Take advantage of the Obama spending spree. Guess What???? I am a Republican.

1. Pres. Barack Obama is the “oversight” that the Congress is NOT.
2. Greenspan and Vogel set up and tied into “an International Banking system” which provided the scenario for Former Sec. of the Treasury Paul who on September of 2008, telephoned Former Pres. George Bush and informed that 500 Billion Dollars of Cash was electronically removed from the U.S. Treasury within 2.5 hours, and WE don’t know who or how this was done and continues to be done.
3. Deals were made with the G-8 and G-20 by the past 4 Presidents that were negative cash flow from the United States Banking system.
4. Daimler of Germany pulled out 62.5 Billion of Cash out of Chrysler of America, and then complained, Chrysler has no equity.
5. Numerous Private Investment Companies are pulling Trillions of U.S. Cash and Investing Overseas, thereby creating a negative reverse multiplier Macro cash U.S. Economy while Congress (no oversight responsibility) is playing word games.
Gladiator

anonymous
As long as the mainstream media acts as a Fifth Column, we have little hope of returning to what we were,viz.before 2000. Ain’t it grand to have groups like Acorn to destroy legal voting.
And with the leftists {Marxists} in control, they can do anything they want to and there is no recourse. Note the events that are routinely omitted.

This is scary stuff. It seems like many of you don’t realize what’s really going on. There is absolutely no way you can look at this situation and not see what Mr. Obama and gang are all about. Now if you don’t have a problem with that I guess you’re ok but probably haven’t liked living in America all along and now you should be happy and stop complaining and trying to analyze what’s wrong. But for those who don’t care to see America come under a dictator stop worrying about the dollar, China, GM, bonuses, Bush etc, because it doesn’t matter, none if it. NOTHING can be made good or right for America as she was formed until we get rid of the fast moving socialists. If you think otherwise PLEASE explain how.

@G
Why do you not indentify the problem and offer some solutions?
So fine to sit back in your chair and critisize others… at least they are doing something to help our situtation.
The Republicans pushed this country into the sewer for eight years and you want the Democrats to solve all our problems in three months.
You are a nut.

A couple of old cliche’s come to mind.

1. When a Man with a small debt has a difficulty, the problem is his (the debtor’s).

When a man with a big debt has a difficulty, it is the creditor that has the problem.

2. If you are in a hole you will not get out by digging the hole deeper.

Where were all of these peoples & complaints when the former adm. took us to a ‘war of choice’? When we sent our sons & daughters to that war? When an arrogant adm. believed it was going to be in and out? As to the financial situation, ask what would’ve happened if this profound spending to save the banks, so full of ‘boards’ that didn’t do their deligence, paying executives outrageous amounts while the companies were going down the slippery sloop. If hindsight is 20/20, why do we not see the greed of the past lead us to this place? I care not what your politics, Remember the War Bonds of WW11? Why is it that only those serving in these 2 wars & their families have shouldered this horrific outcome. Nothing was asked of the population, At home, seems most just went on w/their lives, spending, following the greed of corrupt banks & lending institution with their easy money to buy homes they knew they would never afford, maxing out credit cards from institutions that simply saw they couldn’t lose, esp. that even bankrupcy does not null/void credit card balances. It took time o get us into this blasted mess. As I see it, no one administration can get us out of it. Yes, we like to say it’s the politicans, the corrupt businesses, but quite honestly I don’t see anyone being punished for all the misdeeds. No matter their motive, the Chinese gov’t is holding our hands, are we going to dictate from our lofty posture & tell them about human rights?? It was not long ago we had this problem ourselves. Be honest, who do you think brought us here????
As to investments, I’ll add to my commodity stocks, ag as well, simply because China needs all of them to keep their people employed or face mass protests or worse. Didn’t we give them the dollars to buy it all, to have a large middle class while we erased ours!!

I check into this site every now and then and everytime… I leave… nothing but stupid people posting.
They have no hope, no solutions, no reasonable comments…. just trash talk.
I cannot abide such fools…. have a great time with your silly uninformed comments.Your hateful rants which make no sense at all… only for Morons such as yourselves.

Our politicians are continuing to follow the wrong path. But I think they are aware of the pitfalls and that we are approaching a brink that will preclude taking the simplistic, band-aid approach.

Some weekend a surprise announcement by our Gov’t. will inform us that the US dollar will subsequently be backed to a certain percentage by gold. It will be the only way to save the dollar, or conversely, to prevent dominance by another currency.

I am buying a book on Germany in the l920′s…to see what we may have in store for us. With the amount of printing money we need I want to know if it will come all at once or gradually. It will come

The present policies in place for our country are going to be dissastrous/ Unfortunately it is the ulimate goal of our leadership to see us all in bankrupcy then the goverment will set all policy and take over….doing all it can to do away with our constitution.

Obama himself scares the hell out of me. His Health care, and illegal immigration amnesty really SUCKS. His lack of experience in ANYTHING shows me he doesn’t know what the heck he is doing. Foreign affairs, he hasn’t the faintest idea what its about..

US will see hyper-inflation coming down the pike in the coming years for sure. The only way to save yourself is to be prepared.

What will be of real value when dollar is worthless? Real Estate, Gold, Food, Raw Materials. A few acres of farmland near water where you can grow food. Solar powered home with additional energy coming from the wind. An emergency power supply from a gas generator will be needed. A bicycle or better yet a tricycle for moving around and hauling.

Back to the basics!!!Please remember to buy an AK-47 just in case.

Talk about arrogant! The Bush administration has NOTHING ON THE POMPAS ASS NOW IN THE WHITE HOUSE.

@Stan Ellis
Well Stan, I could not agree more.

WHEN WILL THE BANKS AND CHRIS DODD BE HELD ACCOUNTABLE.
IN 2008, ARTICLES IN THE HERALD TRIBUNE WROTE ABOUT THE CDS EXTENDING TO 62 TRILLION (MORE THAN ONCE). THIS IS SERIOUS. BARNEY FRANK AND CHRIS DODD IN THE TIMES THIS PASS WEEK WITH THEIR HEADS TOGETHER. HELP!!!!!!!!!!!!!

As long as we are governed by socialists like Obama our fiscal policies will drive this country to ruin. Those people should all have my nickname – lol. Most of our money will be going to people who do not contribute to our finances but just take take take. There is no need for me to cover the massive giveaways since many contributors to these blogs already have covered them adequately. Good luck all, We need it.

I see a repeat of the Carter era except a lot worse. That money the Obama is printing has to be backed by something. Whatever, it just isn’t there. Monotize the debt. I can see it coming and inflation will go through the roof.

YES, we will have inflation. But, by around Sept. 2010 Americans and esp. financial investors will be shocked that we are in a deep state of DEFLATION. There is so much more deleveraging to go through! The housing bubble was very unsustainable, we have to get back to pre-bubble prices. There is still prime loans, commercial real estate … and then there will be the commodity crash (present bubble).
For all who think gold and silver is going to save them,they too will be shocked.
Uncle Sam will not be able to print enough money to save banks and large companies. They are trying now and this, of course, makes things much worse long term.
Unemployment will rise and it could be a time of spectacular innovation if our president and elected officials curb their need to control.
Ultimately, this second great depression will be good! (Albeit painful) It is forcing folks to live within their means, to stop their gluttony,waste and materialism. We will lose inefficient companies and gain smart companies that cater to our personal needs through Internet businesses. It will inspire more tea parties because we will be valuing our freedom instead of staying complacent. Homes will be affordable once again but our major concerns after summer 2010 will be DEFLATION, remember that and plan accordingly.

Where did you get the statement:

Treasury Secretary Tim Geitner practically got laughed off the stage in China recently

I am astounded at the many ignorant comments made. Obama did all this in 4 months in office? Let’s use our brain for a change!
No country can stay at the top if it no longer produces the things necessary to do so. We are not producing anything anymore ourselves; we have become a ‘service’ economy, just like Britain has.
55 years ago, the US produced everything necessary to be the world’s primary military power. 38% of the work force were employed in manufacturing, the same as in Germany. Fast forward to 2009: 9% of workers are still employed in manufacturing in the US, and 38% of workers are still employed in manufacturing in Germany today. The difference? Germany is still the biggest export machine the world has ever seen. It exports more high end goods than any other country on earth, including China! China produces more in quantity, but Germany has the lead in value ( industrial plants, machinery, transportation systems, etc). And the US?
How did we get that far? Our government has for decades now supported the greed of the one-percenters, who became incredibly rich exploiting the ‘outsourcing game’. This should have been stopped in its tracks 50 years ago.
Can we get back to our glory days? Only when the so called ‘deregulators’ are handcuffed, and our government takes up its role to protect the country and its inhabitants.
All Obama’s fault? Sure, keep on dreaming and use him as a scapegoat!

Obama is nothing more than a Quisling, a traitor, within
our country. A few years from now, after he’s run the country broke, Islam will take over, kill all men,
make slaves of women and kids, and remove the USA from the family of nations. That’s why Obama became president of the USA.. Now a foreign agent of the Nation of Islam!!
It’s forcast in the Muslim bible..the Koran!!
Is there nothing we can do to stop it?
‘Ol Man Mose..

All I can say is that we in the USA are idiots and the rest of the world knows it………you would think people cannot even read and write

Daniel J. James

I think that we are just about up to the limit of debt now. ANY more and the SHIP TAKES ON WATER. One thing we don’t know is WHERE IS ALL THE MONEY ALREADY REMOVED? Is there any accounting for where it went? Is it hidden in a fund somewhere for later removal?

I blame Obama, I’m worried about my grand children and my great grand children, I blame the democrats. Finger pointing and whining babies is what I see, suck it up and deal with it. Canada and Japan recently went through what you are suggesting with massive inflation and both countries have come through it fine. Is the U.S. to big to fail like some of the banks that we’ve bailed out; I say no we are not and that we will and have learned from these recent mistakes and we’ll come out stronger than ever. So we needed something to galvanize us to finish bringing us together

The diet axiom of, “a matter of calories in, calories out” applies here as well. Don’t eat so much( spend) to get fatter (inflation & national debt) or, eat less (reduce spending) to stay lean (lower debt).
The pills to hold the weight level with the eating is, unfortunatley, “taxes, taxes, and more taxes.” Diet pills, after a while however, have no effect.
The U.S. is on a gorgy of unlimited eating. It could become so heavy that it will need a wheel chair, and then be confined to bed unable to be active or help itself and be at the mercy of others for help to live.
The diet of course is to eat (spend) less and at the same time, eat the right kind of (essential) food.

As I read through this it really disturbs me that so many are completel unaware of what has happend. It was the Republican who opened up trade with a comunist country (china) it was the last administration George Bush who allowed the Chines to produce our unmanned attack aircrat like the predator. It was the George Bush administration that bankrupt America for two wars that were not required and have produced trendous caualties and death for American families. It wat the Republicans who gae the obcenely wealthy trillions of dollars to bale them out of stupid investments.

All of this blame of the democrats for giving the poor peopls a few handouts in the form of jobs and to try to help them with healthcare is just rediculous. The insurance companies have been ripping americ off for decades charging unbeleavably high prices for health insurance. The medical sytem in the United States is the worst in the world. People are told all of the time by insurance companies that they must just die because they can not see a specialist. We are fools to want this type of health care purpatrated on us by insurance magnates. Any healthcare paid by insurance costs 10 times what the actual cost is because the insurance companies work on a 90% profit margin. Wake up you stupid right wing religous republicans and realize that you all caused this problem by going to Wlamart after Church and buying like foolish rats.

I do not like everything the Democrats are doing but it is for different reasons then what I am reading here. first they should stop this external manufacturing by charging large (very large) tarrifs on any goods manufactured in a non democratic country (like China) And they should instill tax incentives to bring manufacturing back to America and make us the strongest industrial Nation in the world again. I wish all of us Democrats and Republicans would demand this from their leaders.

Unfortunately, The folks running our country’s finances remind me of a
dollar-denominated runaway debt train heading for a concrete abutment. And, we thought we were heading for a precipice last fall!!!!!!

If the U.S. were a household it would never recover from inflation – with a loaf of bread costing $3.00 – and no lowering in sight. We are more broke than in l929. bh

Yes, I agree with China. If I were them, I’d be extremely worried about my dollar denominated debt. And, wouldn’t be very anxious to add to this investment any time soon.
I wish this weren’t the case. I’m seriously concerned about our nation’s long term.

Theories of economics says that when supply of money(M3) increses disproportionate to the GDP and continues to do so to the point that the real value of money in circulation reaches a critical level, the economy of that country will colapse along with the system of demacratic administration. But so far people think that there is value for that money …it HAS- till it crashes. There are enough fools in the world and hence US would be safe. US can start many more printing presses, even one for each state-

@David Pelly
If it’s all wrong, then explain why? If you believe it’s wrong, then I would like to borrow a few hundred thousand. Don’t worry, I can pay you back as soon as I get my dollar printing press. I’m sure they’ll be available at Home Depot soon.

Theories of economics says that when supply of money(M3) increses disproportionate to the GDP and continues to do so to the point that the real value of money in circulation reaches a critical level, the economy of that country will colapse along with the system of democratic administration. But so far people think that there is value for that money …it HAS- till it crashes. There are enough fools in the world and hence US would be safe. US can start many more printing presses, even one for each state-

We have become a country of self centered wimps. We believe the world owes us a living and we vote for anyone who will promise us a free ride at someone elses expense. What we are inheriting is all our own fault.

I think everyone in washington has lost their mind. The Democrats have been screaming about spending to much money for years. Loe and behold, as soon as they are in control they can’t spend enough. If people don’t wake up and vote these hypocrits out of office we will sone be a third world country. When it is all over I (HOPE) that I have some (CHANGE) left.

I blame Obama, I’m worried about my grand children and my great grand children, I blame the democrats. Finger pointing and whining babies is what I see, suck it up and deal with it. Canada and Japan recently went through what you are suggesting with massive inflation and both countries have come through it fine. Is the U.S. to big to fail like some of the banks that we’ve bailed out; I say no we are not and that we will and have learned from these recent mistakes and we’ll come out stronger than ever. So we needed something to galvanize us to finish bringing us together. Wow, what Obama got elected on bipartisanship–bringing everyone together for a common cause. He did a heck of a job with some Muslims just a few days ago got the ball rolling there. We are America and we will come together; just like we started to when we elected Obama.

@Paul BAskis
Dear Friend I fully endorse your views. Read my views – they are the same. As some body said only wines and prostitutes are produced in US. they should become self reliant and self sufficient in goods and servises- not in war heads.

1.I think the US is government is very afraid of Deflation as this is a negative economy which would leed t o greater unemployment and a very long time to mork itself out. They are willing to risk incresed inflation by spending money to strengthen the banking sector and spur the economy with infrastructure spending. I think they actually want some inflation so they can pay off treasury bonds in the future with cheaper $s. They know they have the tools to bring down inflation if it starts to gets out of control.
2. I hope they know what they are doing They realize the deficits are too high. Hopefully they have the gumption to erase deficit budgeting by decreasing departmental spending, increasing taxes, and slowly pay off debt with inflated dollars as the economy stabalizes. No more free rides – sub prime morgages etc. People will learn to spend with in their means.
3. China may be laughing but they are not stupid. They will keep buying US Trearuries because their industries still bepend on the US market. The US Economy and the Dollar are still the biggest game in town. Only when their economy and other emerging economies (India, South America etc) overpower the size of the American economy, then they will stop buying US Treasuries and let their currency float. I give it another 10 years then if the US hasn’t got their Financial House in order watch out a sinking dollar. I think about that time the world will be seriously be talking about establishing a new international currency. All Forex trading would be done against it. You would be able to buy this currency and spend it anywhere in the world when you travel.

But he gives such a great speech. Forget about his political background…. @Dennis

@Kim
Kim; You are correct. What is happening to the world’s economy is not an accident, not stupid; but very purposeful and well managed, from the NWO’s point of view.

The problem began many decades ago, but its evil heart is the FED, the private banking cartel in criminal collusion with the corrupt Congress, only excepting Ron Paul and few others.

All read “The Creature From Jekyll Island” , by Griffin. (www.Freedom-Force.org) If we don’t understand the CAUSE we will never find the CURE.

I have only read about the 1929 CRASH, however being born in 1938 a couple of years before the DOLLAR started its downward trek and is now worth maybe $0.02 on the DOLLAR and the only time it stablized was 1953 and then it was only worth $0.52 on the DOLLAR then. ANYONE that has a brain knows that you have to have something of VALUE to back up any check you write or you or in deep trouble, it”s just a matter of time before the GOVERNMENT has its I.O.U.s called in. We better learn how to speak CHINESE real fast.

why do we keep putting people in office-congress-who don’t balance the budget? their job is:1.take care of the country,2.balance the budget and3.keep your hands off social security. if not ,you won’t get re-elected.let’s quit warmongering and stop colonialism.re-build our infrastructure.we’re laying off teachers and worried about other countries. STOP NOW while we still have a country.m.r bilyak-paradise,ca

Printing excessive amounts of money must eventually lead to inflation and a devaluation of the US dollar. What happens subsequently depends on the reaction of many in the rest of the world. One likely result is that the US dollar will cease to be a reserve currency and that this will seriously curtail the ability of the US to borrow on world markets without paying an interest rate premium. I have yet to see a coherent plan for dealing with this likely outcome. So many in the US have become blinded by the quarterly bottom line that planning for ten years into the future seems to have become very difficult. US politicians should plan for an eventual income tax hike (very difficult) to overcome these difficulties. I wonder if they can find a cause that would persuade the people that this would be useful for a limited period of time.

I WILL CONTINUE TO BUY GOLD ( AS THE CHINESE) & COMMODITIES…..THE DOLLARS HISTORY

Where are all the jobs Obama promised in his stimulis package? All I hear is the increasing unemployment rate. How is it that Obama can take his wife out for a date at our expense of at least $75,000.00 and we the taxpayers pick up this tab? He tells us to save and cut back yet he lives like there’s no tomorrow. Who really paid for those ugly $500.00 pair of shoes Michelle bought and had the nerve to wear to hand out food to the needy? If that wasn’t a slap in the face I don’t know what is. I’m sick and tired of Washington spending Trillions and then expecting me, my daughters, and future grandkids to pay the bill. Obama and ALL Politians need to be stopped with all this unbelieveable spending. I have had enough, we the people must stand up, more tea parties. ENOUGH WASHINGTON.

President Obama thinks the American people are behind him
with his socialistic ideas. His arrogance is frightening.
His admimistration is comprised of tax cheats. If you readers and myself owed IRS what Tim Geithner did for that length of time we would have lost our homes or been in jail. So with mindsets such as this running the country
what can we expect ? Nikita Kruschev of Russia during the cold war made the comment: America will fall into our hands like an over ripe fruit, without raising a weapon. I hope he was wrong, however I am beginning to have my doubts. Americans must get involved, people power
does exist however we must force the issue.

The only solution to this problem is the voting booth in 2010. The course being taken is a dead-end path.
The Feds are into manipulating the markets to control
interest rates,gold & silver and real estate prices.
The private sector will end up forceing the hand that the Feds are trying to control and then hyper-inflation. The more paper they print the lower the dollar. Russia and China are already trading without the dollar.
Remember 2010. Throw the people out. Save AMERICA!!!

we have to get rid of these greedy c.e.o.’s they get way to much money for what they do any body can run a company in the ground!!!!!!!!!!

@Paul BAskis
Dear Friend BAskis
I fully endorse your views. Read my views – they are the same. As some body said only wines and prostitutes are produced in US. they should become self reliant and self sufficient in productive assets, goods and servises- not in war heads. Dr.KSS

Charles, The chinese were right to laugh at him, he is a blatant & obvious liar, however we should not be laughing, he, and the rest of the banking gang are destroying our country & the lives of our children. I personally have put 90% of what little savings I have managed to aquire into gold, silver, & their mining stocks, diversifying also a little into oil, uranium, & geothermal energy. I am also stocking up on food,guns,ammo, & have been thinking about moving to a rural area to grow my own food. I would advise anyone who wants to survive the coming unrest to do the same. Keep alerting our people to what is coming- So few really understand what is happening & what they have done to us. Chuck Long RN, Gardener & survivalist.

It starts as an idea and then it becomes a way of life. The way of life becomes a great republic and then the republic evolves into an empire. Eventually the empire collapses in upon itself.

It appears our elect has no idea what way to recover our economy. They continue to choose bad ideas that will make our children’s children be in economic issues. However, what would anyone expect when electing someone who believes in always more government, bigger government. Don’t they realize that independent people, working hard outside of the government jobs are who pay for all of this. Apparently, that most simple fact escapes them. Term limits for all and never a retirement pay for any. What say you?

Laura in Maryland

Well I have seen this from afar. Since the Fed pays almmost nothing for the notes it loans into circulation and then gets face value plus interest, we can never pay back the money. Its a perpetual debt system. The contraction of the money supply that cause the severity of the Great Depression consolidated the financial power in the hands of the Fed. Roosevelts collection of our lawful money made sure that the people could never have access to a non-inflatable money system. (By the way did you know that his uncle served on the Board of the Fed.) You folks should read the veto message of Andrew Jackson for the recharter of the Bank of the United States. I guess the Fed made sure that they would never loose the monopoly again in 1929. I can’t say that it was devised but I do know that the effect is constructive and fraud is detrimental whether it’s constructive or actual. If you doubt the veracity of this evaluation think back to several years ago when Mylasia refused the incursions of the International Monetary Fund. The US responded by placing ecomonic sanctions on them. Our government has been colluding with the monetary system since about 1914.

Look at it this way the increase in the principal, cost of printing verses the loan back value, steals the very labor of the country. We have become a nation of serfs in the land of our fathers. I have studied this since the early 80s. I was scoffed at then…

My response to all this is the investment in precious metals, silver, gold, brass, lead and gun powder. I also store seed banks of viable fertile seed for food production. DO you know that the Morman people are directed to store two years worth of food in each home.

One thing is for sure when it goes nothing will stop it. China and the other countries who have invested so much money in producing goods for the west will suffer too. There will be no market to sell to, the breakdown will be global because we have linked our economy to everyone elses. Just as the housing market and the financial fall out effected everyone elses, it will happen again. Our system was to insulated us from this through excises, imposts and duties and keep manufacturing alive and well in our country so we would not be effected with this disease. But our politicians had the infinite wisdom toexperiment with that. Where are the constitutional amendments that changed our system into what it is? It has been circumvented by mere legislation. That is why were were to have a monetary system based upon a substance with intrinsic value, so the system could not be manipulated for the sake of a few and their high ideas. I bet the guys in the Fed are not layed off or have to worry about paying the bills or keeping a business afloat.

I don’t blame them they are creatures of their own demise, in the end. Our money system has become mere faith in something that does not exist, it’s just paper and figures on the computer. Let’s see you eat that or warm your house. I blame the American People for falling asleep at the wheel and then giving their power to the idiots in DC. It was not supposed to work that way but human nature will prevail.

Thank Bush and the Grand Old Party for fucking everything up!!!!!!1

@Barbara
May I suggest http://www.mises.org & http://www.fee.org ?
An easy starter might be Rothbard’s “What Has Government Done To Our Money?”

I know we do a lot (some now) trading with the US but thank God I’m Canadian. Your econpmy and your dollar are in the toilet and your Government keeps flushing it.
Dr Ryan

I know we do a lot (some now) trading with the US but thank God I’m Canadian. Your economy and your dollar are in the toilet and your Government keeps flushing it.
Dr Ryan

By October 2010, inflation will start rising and by june 2011 you will be able to receive 9% on your cd.s of course every thing will also increase in price. You cannot keep printing money without everything increasing in cost.

99% of these blogs are fear loaded Republican Chicken Little knee jerk reactions. Get a life and try just being calm; your President Bush and friends, got us into this stinking mess and you need to simply be quiet while we try to save what we can…without your tears, fears and bitching.

…the “Amero” looks like an increasing reality.I hear coins have already been made.

@Laura
” Term limits for all and never a retirement pay for any. What say you?”

I say Hurrah! Single terms and CONgressional pay cuts in inverse proportion to the increase of “currency & credit in circulation”! The rate of inflation to be determined by private sources, such as Shadowstats.com, etc.
Pay increases in inverse proportion to the decrease of “currency & credit in circulation”!

Stan,

You are absolutely correct, the agents of evil are working in the government to deceive even the most elect. They are dilusional in their work. The immoral society is working hard to minimize this great country and even the good from it that has evolved for which the world has benefited. In God we Trust and we must. This is the beginning of the times we as Christians can discern. Not even gold or silver will keep you forever. Trust in God and his plan for salvation through faith in Jesus Christ and you too can be saved when all else is gone for the Glory of God.

I am in Nigerian I am very worried .The financial crisis in the States has hit us badly here in Nigeria.Inflation is a major problem here. I will be investing in real assets.

Ofcourse, the dollar is going to collapse. The game of currency relativity was keeping it up but because of the following factors there is no where to go but down:

1.Current Account Balance
2.Foreign Policy Spending
3. TARP
4. BO’s domestic agenda
5. China’s strategy

My theory is that it is not only corrupt politicians, it is also possibly a coordinated effort from China and the once-called “axis of evil” countries. Once they stop buying enough tresuries-they don’t have to stop completely-the dollar is done and we are even more destryed economically. At that point everybody keep their head because I don’t think we want PLA “Peace Keepers” here.

I BELIEVE WE ARE HEADED TO 1 WORLD CURRENCY, 1 WORLD GOVERNMENT, 1 WORLD RELIGION. JUST AS THE BIBLE PREDICTED!————AM I IN FAVOR OF ALL OF THIS? I’D BE CRAZY IF I WERE. I AGREE WITH FIGHTING MAD, COULDN’T HAVE SAID IT BETTER. PRAY FOR ONE ANOTHER AS CHRISTIANS WHO KNOW JESUS AS THEIR LORD & TRUST HE WILL MSAKE IT EASIER FOR THE BELIEVERS, BASICALLY IT WILL BE HELL ON EARTH. PRAY PRAY PRAY

Not since the liberal leadership of Jimmy Carter has a president done more to expedite runaway inflation than our young inexperienced president. I got a 16.55% 5 yr CD in the “Cawta” days, but double digit inflation took it all away. Obama has signed more spending bills dollarwise in his first 3 months than all the presidents in the last 200 years, and you thought Bush spent too much to keep us safe? Thanks for voting for One Big Axx Mistake America!

We have nobody to blame but ourselves for this mess.We had to have more,more,more at all cost.I believe with inflation coming and rising oil prices and our taxes being used to bail out “too big to fails”we are in for a long hard road for many years.

I never liked sleeping with chinese comunist bastards in the first place. How in the hell did we let our GOVT. F#%* us like this. I promise you if one, just one of those rich money whore SOB’s crosses me. Well, DEATH TO TYRANNY and to the opressors.

I think President Obama knows exactly what he is doing, he is heading the US government into default so that our debtors can then take control of our assets ( ie. socialism), that’s yours and my homes and properties. Then he can get his one world government to control how much income you can have,thus all those who choose not to take part in earning an income will have the same as those that do,(remember its there right). So I don’t think we can wait til 2010, we have to talk to our friends and neighbors and then we must all contact our politicians and tell them to stop this run-away spending. Let the businesses that can’t operate properly go out of business or restructure , let free enterprisers rebuild the economy. Oh, the banks got into trouble because the government forced them (thru ACORN)to give uncredit-worthy loans out which are now in default, blame the politicians not the bankers The reason the leaders of our government bailed out the banks was to protect the bad policy decisions of our politicians, or we have asked why?

Dr Ivan K Ryan :
I know we do a lot (some now) trading with the US but thank God I’m Canadian. Your econpmy nd your dollar are in the toilet and your Government keeps flushing it.Dr Ryan

I have never heard such a bunch of pesemists in my life – the guy that mentioned that Canada has got it all has got it right – Oil,Potash,Tarsands,Uranium,Gold,Diamonds,Silver & in Saskatchewan full employment because of our new Premier Brad wall ( Conservative ) we where plagued with the New Democratic Party for years whos policy was take from the wealthy & give to the poor – this could be all right to a degree – they started Medicare which is great – with a 15.00 dollar charge o pills & other medications – but because of the no charge for visits to a mediclinic – the waiting lines are terrible – people go for a checkup for the least little reason & we are real short of Nurses – its a great Province to live in – also Obamas printing money in his basement seems to be working – the stock market is booming with the Banks lending money for infastructure & businesses – remember as they make money , they will have to pay back the Governments that takes the Taxpayer off the hook – I personally have never had it so good.

Kill em all, let god sortm out

China should laugh at the notion of purchasing more U.S. Treasury Bills. At that conference recall that an official pointed his finger at the speaker and shouted- “Don’t you disgrace our money”.
Which was simply a message that yes, American inflation is coming and we don’t like that. China pegs its currency to the U.S. dollar. Read the Bloomberg daily report on currency exchanges, valuations etc.
My son oversees consumer pacackaged goods designed and made in China for a major U.S. firm. China likes Americans and America, often referring to that relationship as “Chimerica”. Our current administration must walk the line carefully in its insistance for raising taxes on corps and high income taxpayers, and I am now certain that all taxpayers will see an increse in their tax bills. Microsoft said it clearly this week; tax our oversees operations and we shall move all our opeprations, along with American employees, overseas. OK. The war is about to begin, so choose your side now. China and India are more than capable of producing high tech products, including the writing of complex software.
The U.S. economy had through 2008 had nearly $880 billion dollars in circulation at eny time of the year, sufficient cash to meet the demands of all players handling cash payments. Now that the Federal Reserve has printed an additional trillion dollars, and Tim Geitner has gone to the Fed with billions of new Treasury Bills, and from that transaction all the bailout and stimulation payments must ultimately have an exchange of real money to perfect them, we shall see our cash circulation reach $1.5 trillion dollars in the next 12 to 18 months. More money chasing the same gooods and services of today! THAT IS INFLATION!
Move over, Jimmy “Cawta”, you are about to pass into second palce.

@futurist
I’m no friend of B.O.’s but why would he want to bankrupt America? What does he gain from that?

Well, so many complained about Bush’s spending? BUT Obama has been in office for a few months … and look how high our deficit is now?? I am gravely concerned about the condition of our economy and the out-of-control spending. Who is going to stop it? Obama and his team are unstoppable from what I see. So many seem to turn a blind eye … “oh well”

Obama is on a collision course with either bankruptcy,
or a full scale war in the Middle East,or BOTH!!!!

I LOOK AT THESE COMMENTS AND I AM MORTIFIED. AMERICA HAS BEEN HERE BEFORE AND HAS GOTTEN OUT OF IT. WE ARE A SLEEPING GIANT BUT WHEN AWAKENED WE RISE TO ALL OCCASIONS AND SO DO OUR PEOPLE. WE HAVE SOMETHING THAT CHINA DOES NOT AND NEVER WILL. THAT IS THE ABILITY TO CHANGE OUR POLICIES, OUR ELECTED OFFICIALS AND OUR LAWS. WE DO THIS EVERY TIME AN ELECTED LEADER COMES UP FOR RE- ELECTION AND IF PRESIDENT OBAMA AND HIS FRIENDS DO US WRONG WE HAVE A LONG MEMORY AND THEY WILL NOT BE CURRENT OFFICIALS FOR LONG…. REMEMBER THIS BEFORE YOU TRASH OUR NATION. THIS IS WHAT MADE US AND WILL KEEP US THE GREATEST NATION ON EARTH
MIKE

Geitner is a joke. He’s a tax cheat flying by the seat of his pants not knowing what a correct decision or comment would be. But he’s not alone in the Obama administration. We have a bunch of people who can’t run a government now tryinig to run private industry. It makes me want to cry to see the USA slipping into socialism. Maybe Napalitano was right to say our vets need to be watched. They might be our chance for freedom. Keep the faith Americans.

It is all negative. Obama is no fool. He knows it. Apparently he feels that it is to his own personal best interest to decimate the US economy to gain control over the population and insure domination.

Jimmy Carter has already proved that when you print too much currency that inflation follows at breakneck speed. I remember during his administration when the prices on canned goods had several prices because before they could be sold the price kept going up so one price label was printed on top of another. I fear that Mr. Obama and his administration are not the brain trust that so many thought him to be before the election.

Manufacturing is not what we need here in America, can any of you actually say that you would love to have your sons or daughters working in a low pay, lessening benefits, mindless demeaning job. I would never wish something like that for my son and definitely not my daughter or any of your sons and daughters. America has not actually lost anything by outsourcing those crumby jobs; so we forced people to continue their educations. That is what will allow us the freedoms that we yearn for(20 hour work weeks, paid medical) and what will able those countries to get what we’ve already had.(One of the best chapters in any book that I’ve ever read fiction or nonfiction: The Future for Investors by Jeremy J. Siegel, Chapter 15 The Global Solution:The True New Economy ‘Some men see things as they are and say, “Why?” I dream of things that never were and say, “Why not?”–George Bernard Shaw,1949′) One problem that I can think of is that we are giving those companies tax breaks for outsourcing when we should clearly be increasing their taxes. Education is what this country is falling behind in, not crap jobs hardly befitting an American in the 21st century. What will hurt us is if we let our country continue to be caught from behind and passed by countries we still consider third world or inferior to us. We have a chance to be greater than ever but that will not come from doing jobs that other countries can and will do for pennies a day. For us it’s called work smarter not harder. We need to take a step back from things that separate and only impede progress such as: religion-the world biggest divider of all, lobbyist(working for the big oil and drug companies)-by working against green innovations and health care reform, tariffs-on imports from communist countries. Education of all kinds is what we need; we don’t need to keep throwing money at Africa–we need to educate Africa and anything else is just a disservice an impediment to the progress they can make on there own with education(it’s okay to help with education). I know it’s sad seeing kids die but we’ve been throwing money at that problem for years with no gains of any kind. What did we do for the Lost Boys of Sudan(boys ages 3-15 forced to journey hundreds of miles through the desert)–we did not go in their guns a blazing to save them. But we went into Iraq to liberate them from Suddam Hussein(I’m not sure if oil had anything to do with that or maybe Halliburton–right).
I woke up in the hospital with a form of amnesia(retrograde)–I learn that we’re at war with Iraq and I asked people why is that. And not one person could give me and honest answer other than I don’t know and I said,”and your all right with that”. It’s okay to ask why and it’s okay to ask for proof in any matter, its okay to ask your pastor, priest, or what not why your god can’t regrow an arm or a leg on a victim of war or some other tragedy; but it’s never okay just to accept those excuses for and all powerful god(why would he need their excuses he’s all powerful)or some greedy men who have manipulated the public into thinking this is what we have to do. To stand a part from the established quo is what we need to do;stand-up and have your voice heard. We’ve got to remember that this is a democracy and no one can get mad at us for deciding to think about something logically and sane. Asking for the facts and using critical thinking and taking a step back and trying to form an unbiased opinion on our own(saying well do you think we can wait until we no for sure if there are WMD–we’re clearly in no real danger Suddam didn’t crash planes in to the towers). Education only leads to one thing a more informed people with the ability to logically assess more situations to make informed decisions.

Thank you for reading and please keep and open mind to the new and different. We are the most dominate species on this planet and the ones who are to blame for nearly all of it’s problems. Man has made wars, man has made gods and religion but its not war or your god that’s going to get us through this. It’s lifting those up to where we are through teaching not by doing it for them. It’s like that saying: give the man a fish he eats for a day teach him to fish and he eats forever. We must take the responsibility in our actions and when we do succeed take the credit and pass in on to your fellow man not one man like the president of one country out of hundreds or to one of the many gods out there. When ever I succeed at something I take the credit and if you helped me I share it with you and even if you didn’t help me I’ll share with you anyways because maybe next time you will.

WE’RE ALL IN THIS TOGETHER

Lenny Sims

So if we feel we are in for a rough ride, why don’t we(including me) bug the living daylights out of our Congress and President and tax cheat Tim Geitner. Talk is cheap action is proof that we can still make things happen. Right now we are scared of the government and that is dictatorship. When government is scared of the people, that is freedom. It is still not too late. Remember, there is an election next year. If we don’t vote out these thieves, and you know who they are, we deserve what we get.

The amount that the government is squandering will unfailingly lead to hyper inflaton and the potential collapse of the dollar the the economy. With the increase in taxes that must result it is highly unlikely that the US economy can sustain the debt load. I fear that my children and grand children will have a greatly inferior life. I see the potential for massive poverty and a downtrodden nation the may very likely end up defaulting on it’s obligations and all the negative side effects that that will result in.

AMUZME, After reading all of these posts, it is an absolute crime that YOU, and now ME, are the only ones who have named the Bilderberg Group and the Trilateral Commission. It is unbelievable that these thieves have managed to maintain their secrecy for so many years. I doubt that even one percent of our citizens have heard of either of them. Do yourselves a favor and conduct a search on youtube and learn something………even though it is already TOO LATE.

I look at the “complaining” in columns such as this one & blame over 250,000,000 American voters who allowed approximately 62,000,000 voters to put this “Mad-Hatter” Black Muslim Marxist in the White House! This Obamination has turned “THE LAND OF THE FREE & THE HOME OF THE BRAVE” into: “THE LAND OF SERVITUDE & THE HOME OF PATHETIC WIMPS”!

When you look at all the “why is he doing this”??; “how come he’s doing that??”; “why does he continually TRASH America wherever he goes”??…..(boo hoo hoo!!)

WHY??…you all keep asking yourselves??? BECAUSE HE’S A BLACK MUSLIM MARXIST S.O.B.(period)!! or haven’t any of you figured that out yet. ??

“A GOV’T BIG ENOUGH TO GIVE YOU EVERYTHING YOU WANT, IS STRONG ENOUGH TO TAKE EVERYTHING YOU HAVE:…..Thomas Jefferson.

What could possibly be more of a CRIMINAL CONFLICT OF INTERESTS AGAINST THE AMERICAN PEOPLE THAN GIVING A UNION CONTROL OVER A COMPANY THAT THEY CONSTANTLY WANT MORE & MORE & MORE OF EVERYTHING FROM ??? A COMPANY THAT THE UNION HELPED DESTROY!!!

Please let me know out there how many of you Americans (to date), have walked into a GM dealership & walked out with any car you want ???(without paying of course). According to Obama & the rest of his Socialist/Democrats…..WE THE PEOPLE own GM!!(WHY SHOULD WE PAY??)

How many of you Americans out there have all the credit you want from the banks…WE THE PEOPLE OWN??? All of our homes….no longer in jeapody, because the Democrats & Obama “bailed-out” AIG…FANNIE MAE…FREDDIE MAC…with TRILLIONS OF OUR TAX-PAYER DOLLARS???

WE see a black muslim terrorist, kill an innocent soldier & wound another & we see this Oreo Cookie S.O.B. in “Muslim land” further denouncing America & “talking” to the same terrorists & fanatics that are killing our men & women on foreign battlefields & NOW on American soil!!

Keep voting “democrat” America, & maybe North Korea will only “nuke” half of America !!! Maybe Iran will only use their “peaceful purpose” Uranium to “nuke” half of Alaska!! Maybe ALL the “Hate America” scumbags will just “go away” because Obama’s “still talking to them !!!(with his teleprompter of course).

Or maybe ALL you stupid pathethic wimps who voted & still “drool” & “salivate” over your “messiah” still believe in “THE TOOTH FAIRY”??

If true Americans don’t stand up & oust these Democrats from our society once & for all…..expect more “Obama’s to come forth & offer the same “HOPE” & “Change”.

The only prayer, and it is only a prayer, that this country has, is not to contact your representatives LOL!!!! They don’t give a rat’s —- what you want. The only chance is a massive and VIOLENT uprising from our citizenry. We are right back to where our ancestors were when we kicked the crap out of England. Now we need to kick the —- out of our own elected leaders.

Harry,

From Canada,
When I read the above rhetoric, it makes me cringe.
Here you have a president who is admired by the world for the things he wants to achieve and create peace by involving the rest of the world and what does he get, all negative responses.
This president brings European people to meetings, any other president only could have dreamt of and why, because he speaks a language any person can identify with.
If we can get people back to work by job creation, we will likely create some inflation which would’t hurt the country at all.
Further a lower US dollar will only help the export industry and at the same time let the rest of the world share in the war cost America had to endure while other countries stood by to watch and critise from a safe distant.
My hope for this president is that he can carry out his
difficult mandate and make the world a safer place at the same time.
Best of luck Americans and let’s as neighbours show the world how well we can work together.

when states and feds can’t conserve nor borrow liquidity, they will tax whatever can be taxed. I own farm land and consider it better than stocks or bonds. But am haunted by story of a retired judge who owned beach front property. He borrowed to pay taxes and subsequently lost the property because he could not repay the loan.

roberts

No question that the fiat money being printed and spent will cause hyperinflation and increased unemployment. The cure is reducing the amount of money available which causes even higher unemployment. So Obama knows this as everyone else does. I do believe he has plans to get around this by totally doing away with the dollar and joining Putin and any other Euro or Asian country in going to a new world currency. Stand by! This man is EVIL!!!!

Lets try and make certain this guy calling the shots in this country has but one term…..

The Republicans are out of touch with their constituents.

Maybe another Dem will run against him in 12.

Harry, You make me sick!!! Obama is nothing but a puppet who is following the orders of his bosses (The Bilderbegs and Trilateral Commission)the same as his predesessor. If you have your way your kids as well as my own will be SLAVES!!!! and YOU will be wringing your hands wondering….WHAT HAPPENED??

Hey Anonymous Harry from Canada: Speaking as an American….I don’t give a shit about an American President bringing Socialist/Communist values to MY Country….THE UNITED STATES OF AMERICA!! Keep your European Socialism in Europe where it belongs………..NOT IN AMERICA!!!

P.S. Great “job creation” by the Obamination & his democrat phonies…..the loss of over 8 million jobs & unemployment over 9.8%.

P.S.S The only language “he” speaks is muslim !!!

This American ain’t interested in your opinion or the rest of Europe’s opinion!! If it wasn’t for the loss of American lives….you & Europe wouldn’t have any opinions

1 I go back to great WAR, “100 yrs”.

2. In the past, my advice to young: “SELL YOUR MONEY”

3. Present and Furure: “Sell your money faster”!

I am very conserned for our children and grand children’s future. Somehow the foolish spending must stop. Just throwing $$$ at the problem is not going to solve it. God Help Us!

It’s a sad state of affairs in our nation today. Those we have elected as our leaders have quite simply sold us out. There’s a line in an Elvis Costello song: “Where are the strong? And who are the trusted?”

I’m saddened to think the greatness of the United States of America is no more.

Geithner’s comment would have made me laugh out loud also because facts speak for itself for everyone to see. This humongous deficit with unknown source of funding for at least half of it that our country will be saddled with,is similar to someone holding a million dollar IOU without a collateral. The Chinese government is not stupid. Look for them diverting their money investing in hard assets in European and South American countries as well as in Japanese and Eurobonds. Of course, the Chinese government won’t be like those Beijing students who burst out laughing. They will do it quietly and gradually in order not to upset the applecart.

Obama is neither a savior nor smart. All he does is spend and follow the Liberal Socialist agenda. When does this spending holocaust stop? We need Mitt Romney to save us therefore start enlisting to support him in both labor and donations. If we don’t, we will be a third world country. Also, our money is quickly becoming worthless. I for one am putting my money on the European and Asian markets. Ours won’t recover for a few years to come.
Start asking the Liberals questions like:
1. How many service people have died since Obama took office.
2. How much has he put us in debt so far?
3. Medical, who is he trying to help? The lazy worthless couch potato’s is about it.
Lets get rid of Obama, Reid, Pilosi, Barney “The Queer” Frank, Kennedy and so forth.
Keep the faith and wait until 20 January 2013 !!!

Until we wake up to the fact that we are no longer under a constitution we have no choice but to follow the dictator(s). I have counseled bankruptcy as rational and a way to reorganize rather than prolonging and intensifying the coming crash/inflation cyclic oppressions.
We are Americans and very resourceful if we can lure the masses back from drugs and welfare (bread and circuses)! We have ability and a constitution that defines who coins, who appropriates, who spends and who decides the legal limits. Stop letting soulless corporations pretend to be people and enslave flesh and blood to their failing feudal financial schemes.
If you were China wouldn’t you laugh at such patent lies?

history will tell that BB Ben BERNANKE was a great theoretian making an experiment how to avoid a depression and made a fiasco that turned in hyperinflation. Like the Nobel prize winners who figured out the formula to price OPTIONS then went bankrupt in the real world.

So much for the BULL ____ espoused by our illustrious ? leaders. I’m thinking of going into precious metals 90%!
Steve

China is selling us most of their industriial production.
They get paid with virtual (computer) dollars. With the proceeds they buy IOU’s (Treasury funds. USA pays interest in more IOU’s.

They are also buying oil and minerals and other resources until they can get them for $$$

In 1971 Arg. Peso was dwevalued over 10.000 percent. I left that country just before that and sold most real estate and industrial partnerships for IOU’s. With the proceeds I just paid the wage of a secretary in a one room office to liquidate may affairs. Argentina devaluen another 2 or 3 times, but it still exists and people dine and wine. Present Pressiident is trying to make the country a Socialist “democracy” Just like Chavez and – Obama!

Dear J.E.O. As a staunch Christian/Conservative & with a respect & belief in our GOD….unfortunately at this present time, the LORD & all the Angels can’t vote in our elections !!!

We can only pray to him to “WAKE UP AMERICA”!!& vote these democratic madmen out of office as fast as we can, once and for all!

And to Rusty Hinge above: The GOP made mistakes, just like all human beings….BUT THEY DIDN’T BEGIN DESTROYING AMERICA LIKE YOU COMMUNIST DEMOCRATS.

Lets equate Obama’s CZAR’S to the Russian CZAR’S….if you know your history, look what the people did to them..

Inflation first and then — whatever…

The problem began with politicians paying bureaucrats too much, offering citizens too much so they can win elections and no way to buffer either. Big business followed in the shoes of Big government but they didn’t have the ability to tax, so they fudged books (to some degree). Today we have what we have – no way out but to inflate and pray. Seriously.

Obama is the hero of all hero’s – he is the epitome of what Big government wants and what tax payers want. Real gem. He speaks well, speaks often and he’s confident. Not much else.

I don’t have any idea where America is going, how they are going to get there or what it will be worth when they are done. I have a suspicion that it will last longer than many of the authors of the feedback believe. But, not too much longer. I have a suspicion that many will continue to back the US for a while. Why? They will use any money paid to them in US dollars to buy the US, that is yet to come.

Own some gold.

Inflation is a concern, but what worries me most is the number of high paying jobs that have been shipped over seas. There are exceptions, but in general manufacturing has been decimated. The savior for a while was comstruction ( except for Chinese drywall). Because of this I don’t see any sustainable rebound for years.
Bob, aka sailingsnowbird

You all must have missed the last eight years and also starting back to the Reagan administration, are you all asleep at the wheel or what? Look what the past administration has put this country in, and you want to blame the democrats, you all need to wake up and smell the republicans…..THEY have SOLD out this country to every other since the Reagan era!!!!!! that my friends is where it all started and you have no one to blame but you yourself……the republicans!!!!

The Greatest Nation on earth America no longer exists. That witch is perfect becomes flawed when altered. America no longer has honor, Integrity, accountability, or law. It is not the fault of government, but that of the American people that has allowed this great country to fall, and then have the audacity to complain about it, and still do nothing to change it. The true America is a Republic based on law, not a democracy without law. It was the Republic that made America great, and why everyone wanted to come here. America learned nothing from the great depression, America should never have come off the gold standard, however America should have incorporated silver for increased stability. America should never have allowed Gov. to run a deficit, but should operate from a surplus. The American people need to run Gov. Not the other way around. So stop complaining America you allowed what is with your inaction, contentment and lack of education.

Bob Reid: Is THAT what worries you most??? LOL. God help us!!!

To James Roberts: WELL SAID….WELL SAID!!!

Semper Fi Mac, Semper FI

James Roberts: YOU are right on!! Things have nothing to do with the Democrats or the Republicans. Special interests (The Bilderberg’s and Trilateralists) OWN THEM BOTH!!!!!!!! They contribute to all candidate’s campaigns. They don’t care who is in office because they own em all!!!!!

Im just waiting until the Chinese come to Washington and say ….. we own your country . Now you will run things our way .

and that’s why VOTING is not the answer. Our country is in the hands of MASTER CRIMINALS and they need to be dealt with as such.

To put it plain and simple, America is finished.

Lennysims you’re an asshole.

I can’t believe what I have been reading here. We will get out of this recession caused by the republicans, who are good at depressions rember 1929. If our country is so bad why are there so many illegal aliens in this country. Allow other aliens to come to live here and we could not handle them all. I DO NOT see Americans leaving this country. Stop complaining and thank your lucky stars you are an American.

I can not believe the people in the USA are that stuped that they could not see this comming and still voted for this idiot. We need to get rid of the jack asses.

THE ONLY WAY THE AMERICAN GOVERNMENT CAN STOP PRINTING MONEY DEPEND ON WHAT THE AMERICANS DO WITH THEIR
SPENDIDNG HABITS. sTOP BUYING CHEAP GOODS FROM CHIN WHICH IS INFERIOR TO THE NORTH AMERICAN PRODUCTS MADE IN U.S.A. BY AMERICANS THAT MEANS IMPORT LESS OF THE PRODUCTS THAT THE AMERICANS WHICH THEY ALREADY HAVE FULL IN THEIR CLOSETS AND ATTICS AND GARAGES ETCC.DTC.

The Chinese know we are debasing our currency, causing the dollars we repay with to be worth (able to buy) far less than what we were lent. (On a personal level, this means the dollars we save will buy less than when we earned them: less groceries, less amenities, less assets & necessities & benefits; less everything.)

So the Chinese are doing, world-wide, what all of us should be doing: buying hard assets, such as gold and real estate, or hedging with investments that rise with inflation, such as oil-related stocks. “Our” government can’t stop the Chinese from doing so; but it will increasingly stop us from doing so, by taxes, regulation, confiscation, and every other means possible.

We are losing, with increasing rapidity, the rule of law. It has begun with violating the stability and enforceability of contracts, such as “our” government forcing changes to the terms of existing contracts on real estate and preferred debtors. This is already leading to investor-reluctance and demand for higher premiums/returns. “Our” government has begun to dictate the terms of employment in what used to be at-will and mutually-decided/agreed contracts.

We are losing, with increasing rapidity, control of “our” government’s spending & borrowing, leading inevitably to increased taxes, fees, & regulation, which is leading, inevitably, to government control of health care, which will be rationed, controlled, & restricted with severe penalties for us & our doctors doing anything “our” government does not approve.

The inevitably-high inflation being created by “our” government’s printing more dollar bills to “pay” for our increasing debt & deficit will raise investment premiums (such as interest rates), thereby increasing the cost to “our” government of its spending, thereby requiring more taxes & fees AND thereby suppressing the creation of new businesses, jobs, & wealth. You should see a circle forming.

“Our” government’s damaging insanities include increasing insistence (a) on “empathy” instead of law, (b) on “sharing the wealth (of others)” instead of owning & property rights, and (c) on political correctness instead of rational analysis (as in the human-causation myth re global warming and in the value and viability of alternative-energies and high-mileage requirements for cars).

These insanities are increasingly undermining and reducing (1) our stability, continuity, & unity as a nation of stable law, contract, & property rights, and (2) our wealth as individuals, groups, cities, counties, & states by increasingly requiring worthless expenditures that do not create jobs or significant benefits.

“Our” government (and its media) will become increasingly desperate to control the consequences (and attitudes) arising from its bad policies, so we can expect euphemistically-named restrictions on other freedoms beyond those of property and contract. We can expect increasing restrictions on speech, travel, & self-defense, among other freedoms, and increasingly strident denunciations of dissent about those restrictions.

Our only hope of avoiding the worst of the above, and worse, is that enough sources remain free in the alternative media, commentators, and on the Internet to educate “ordinary Americans” about the excesses, corruption, and consequences of those bad policies.

The major media and other “liberals” prefer to discuss only good intentions; never consequences beyond a month or 2, never historical experiments or results, never structural consequences, never unintended results, never actual results differing from those intended or hoped-for.

Unless and until we can frame and conduct discussions of principle, rather than emotion, anecdote, and labels, the debasement and decline of our country (and civilization) will not slacken.

It doesn’t take an economics genius to frigure out the US Treasury and gigantic debt float of this government will be the ruin of the US and (us). The interest alone on the “Great Salvation” plan of the president and his administration will be unsupprtable in just a few years. What happens when the money you are printing is virtually not worth the paper it is printed on. Hyper-inflation is just around the corner and China, Hong Kong, Japan, Saudi Arabia and Dubia no longer think the US debt is worth investing in. How ironic that the Chinese can sit back and without a shot fired watch the US dissentegrate. Like it or not the next Super Power will be China. We will be working for them|

You guys with your gloom and doom. So negative! Worse than, that you have usually been correct.

The Messiah is determined to reduce us to the least common denominator….

@Anonymous
applause

@Dennis
hello fan of zeitgeist

@Stan Ellis
I agree totally with this commnent

Her’s the way I see it, First, I believe China must walk a thin line between letting the USD fall too far as long as they are holding 2 Trillion of them, and letting it rise because they are still one of the countries buying our stuff. Second, at the time that the Chinese believe their USD holdings are in danger of losing value too quickly, I believe they will begin selling US Treasuries and buying gold or other precious metals. They can’t hold USD forever, and when they begin to sell, it will go quickly. As the U.S. Treasuries are dumped, their price will erode, and concomitanly interest rates will rise drastically in the U.S. As the Chinese store significant quantities of gold, I believe they will move to peg the Yuan to gold, and make it the world reserve currencey. The USD is so fragile right now, that the Chinese had to back off on their strategy of creating SDRs to trade directly with certain countries a few weeks ago, thereby sidestepping the USD in those transactions. As you may remember, this caused several foreign governments to begin dumping USDs too quickly and the Chinese backed off on their SDRs and their earlier comments. I believe they wer just testing the waters, and their actions are a precursor to the future. When it happens, the Fed, the Treasury, and the World Bank will be powerless to ameliorate the damage, and we will see the birth of the Asian Century.

WE ARE THE CAUSE OF OUR PROBLEM. WITH WHAT WE ELECT HOW CAN ONE EXPECT ANY BETTER,

China had every reason to laugh. At the rate we are going no one is going to want the Dollar. What I would like to know is why it is taking other countries soo long to come to their senses. Also the US population is getting ripped off with taxes. When they got started it was supposed to be a temporaray thing…..Instead it never ended and kept going higher & higher. Who is looking out for the people of the United States?? It doesn’t seem to be the Government. We need to wake up.

Wow…I see the people who read your newsletter are all a bunch of fundimental crazies. I will be unsubscribing immediately.

Thanks for enlightening me about your audience through this excercise.

It has always been said that the US will be destroyed from within and Obama is well on the way.

Like I said in the beginning, we never should have started borrowing from China for our first $300 check.
It really didn’t make a big difference in our recovery, they $600, then $250. We never should have started this spiral down this slope.

M. Trussell :
Like I said in the beginning, we never should have started borrowing from China for our first $300 check.It really didn’t make a big difference in our recovery, then $600, then $250. We never should have started this spiral down this slope. ////The trouble this country is in right now is where the last eight years, the Bush administration has put us.

Americans won’t be laughing and neither will be their children. This “Chicago Boys” style of politics will be the start of a new era that will bring us to our knees.

Bill Jeffries

You people are all crazy. We are who we are and to get out of this trouble, we have to understand and come together. This is the evil of human beings. Talking about corruption, talking about religion, talking about ourselves and not anyone else, I think we are the real devil. Think about it. Everything works with cause and effect. The world came into this stage because all over the world, people are being more selfish and money minded. Deal with it, HUMAN!!!

@Dr James
Dr James, you are one of the few who remember and understand that fiasco. Geniuses on paper can win Nobel prizes for their theoretical cleverness (as with options or Keynesian economics) or temporary popularity (as with Carter). No such prize affects basic realities, though it can alter perceptions in some media & history books, and delay recognition of facts & results. Doubtless you know of Taleb.

wow thats pretty funny i blame the republicansthey consistently bring our country to the brink of bankruptcy@G

We need to take responsibility for our own actions. The constitution went out the window after the Civil War, when the states lost their sovereignty. Gradually, over time, we have watched the gold standard disappear, and we have given more and more power to the government.

At one time, the people paid taxes only to their state to fund state needs and the federal government. Now they are taxed by both their state and the federal government and the states depend on the federal government for more funding.

Does inflation scare me? You bet it does! Am I worried about the government buying and controlling the automotive, banking, real estate, medical, and many other industries that should remain private? Certainly! What’s the solution?

The government should get back to the basic premise of the Constitution of the United States and provide for the common defense (physical and financial) of the country. It should return to federalism and shun the nationalism espoused by statists who only want control. It’s not the duty of the government to take care of its citizens. It is the duty of the citizens to take care of themselves.

As citizens, we must be self reliant. We must invest wisely. We must get out of debt and we must stop depending on the government to take care of us. We should take care of the poor. We should provide for the education of our children—not the government. There are ways to do this for all citizens, rich or poor, without government intervention. By depending on the government for these things we weaken ourselves, our country and our economy.

The only way the government can afford to take on our responsibilities is to print more money. As the money supply goes up the value of the dollar goes down. This deflating of money supply raises or inflates the cost of goods. There has never been a time in history when government intervention in the free market didn’t worsen the situation. The longer the Fed keeps stimulating the economy with fiat money, the longer it will take to recover from this recession.

I believe a free economy will correct itself during economic downturns. Government intervention retards economic growth. Our greatest advances in technology take place when there is little to no government intervention. These advances result in economic growth funded by wise investors–not the government.

fred thats nice i think it was destroyed before obama got into office. @Fred

Korky– All the indexes crossed their 200 day average line. History says this is bullish. The market is doing what it does best, climbing the wall of worry. Being out is bad news when the market goes up. Set your stop loss at 8% and you’re good to go.

Canadian here …. i do watch the American politics closely ….. what i see with all of this is gold at $5,000 an ounce and poverty, poverty, poverty ….. makes me sick to the stomach thingking of our childrens future ….. Oh, did i mention all of the greedy CEO’s of America …… Yuk ….

LISTENING…..the media frenzy and tabloid support of the agenda of this administration in its quest to “nationalize” this great nation, devalue capitalism in favor of government owned and controlled business….removing the benefits of the Constitution by allowing activist judges to sit on positions of great importance; changing the intent and meaning of that document to FIT the socialist agenda of the power eleite, endenturing generations to come with a debt so great that the end will take a hundred years or more to eliminate…..IT’S ALL PLAIN LAUGHABLE….Just as is the hyp on AL GORES, trumpted up BS…ie global warming is “man-made”…where are all the “brainiacs” that know better….why do the people who can de-bunk this crap not in the media 24/7 letting the world know the truth
TRULY A PATHETIC STATE OF AFFAIRS

Its through illusion we lose our way and through delusion we weigh our lost. Unfortunately any estimation is meaningless if our form of republican democracy is allowed to evaporate as the ink dries on the presses.

Ciba
Until we have an industrial base again,our economy will continue to need Joe the plumber.This is not what our founding fathers wanted in the summer of 1787. They learned by the mistakes of other nations in prior centuries. That’s what our Constitution was written to avoid. Perhaps,the president should read it AGAIN,as well as a book on etiquette regarding protocal.

If you made a list of all the things that would harm America, Obama is doing them

inflation why should that bother u interest rates in housing are already starting to climb back up yet slowing the recovery of a already hurting housing market. and then throw increased fuel prices on top of that which only increases the cost of everything u need too get by,and if u still have a job its just not going as far. and after reading many of the comments in this blog i very much agree with smarter and i’m out

IF YOU DO NOT THINK INFLATION IS REAL JUST LOOK WHAT HAPPENED WHEN THEY ANOUNCED THEY HAD JUST PUT 1 TRILLION
NEW DOLLARS IN THE ECONOMY OIL WENT FROM 40.00 DOLLARS A BARREL TO 50.00 IN LESS THAN TWO WEEKS AND MORE IS TO COME AND FOR THAT REASON GAS WENT FROM 1.80 TO 2.30

GARY BISHOP

Gold has been fairly stable around the current price. It will go down as the stock market improves, as we all know from the last recovery, yes gold “tanked” –

Ed Rossman

High inflation is a mathematical certainty. I scratch my head every night knowing Madoff got jail time for a ponzi scheme.

It’s hard to believe that the government of our great nation is spending trillions of dollars so foolishly!!Isn’t there one good, honest man in this world who we could have elected to the presidency? Geithner is not the man who should have been put in the cabinet either. I fear for our children and grandchildren to have to pay off the debt left by Obama. History will tell the story of is actions..and it won’t be pretty!

GOLD CAN NOT BE MADE ON THE PRINTING PRESS !

Where to begin. A simple question is asked and the comments do not address it. They all complain about the US and generally convince me of only one thing. The white people in this country are scared to death and should be. Just take a look at post 84 if you want to know how the growing part of the population views white Americans. Yes we will have inflation and your wealth will be transferred to those who it is advantageous to vote democratic. The only sin that you can commit today is to be a racist or a homophobe. Naturally it is OK to hate white people. White people have been trained to do anything that could possibly appear as racist, tsk. tsk. All the bloody blabering on this post just confirms the fact that the whites are losing, will not admit it, it is the white’s fault. The WASP’s built a great country and had the stupidity of giving away their culture, not protecting what is right and decent about America and kissing the ass of the people who come from failed cultures and want to bring their failed culture here. Our tolerance and desire to be good people is backfiring on us. The cutural sewer that represents the vast majority of the world is coming here and to Europe. I pity the stupid white youth who have no respect for themselves or what the older generations have acheived here while the rest of the world was embrolled in local and world wars only America stood out as a place where one could live in peace without fear. Fear is here big time and very evident in just about all of the posts here. Unless you guys are willing to fight for your culture, your heritage and your offsprong all is truly lost. There will be no refuge in the world with America’s demise. The one beacon of hope and freedom will be gone in about ten years. The savages will take over and there will be blood. They want what we have they hate us for having it and will screw it all up once they get it. Don’t blame Obama, he is here to pick up the pieces and take advantage of the mess we have created. You really need to look at the root cause of this which is the immigration bill of 1965. Immigrants are in general great people but once there are so many that they can not be absorbed and everyone suffers including them. Too bad but we do not have the moral courage to do anything but we may once a real depression occurs. It is too bad because there will be no long term winners only losers.

Inflation is on the way alright. I know how to profit from it though. Problem is too many others don’t. I will literally be keeping my powder dry. GEO.

Inflation, Commodities, Gold all much Higher in the Next 3 years, The US Dollar Will Lose Its’ Reserve Status and there will be catastrophy Globely as it all unfolds, Proper financial positioning is the key to survive financially, and not becoming a slave because off the worthless dollars. The bottom has not been put in yet, There will be wild swings downward and then upwards. I enjoy reading your newsletters and they only reinforce what i’ve believed for many years. All Fiat Currencies always fail. US Dollar Looks pretty scary now. They can manipulate, but there is not enough tax payers to pay the interest on the american debt. So Hello!

Is there Another Great Depression Now! Yes WAKE UP AMERICA !!! YES! CHINA WILL NOW OWN THIS COUNTRY!, GREED! Has Won… Made in America ? I’m Suprised People are Still (Born) Made in America! The GREED in this Country has Finally Got Us! I’m SHOCKED! That China has Not Already Said : America we Want Our Money Back NOW! What! You Cant Pay Us Now! Get Over (Swim) Here Now .. FOOLS, And Work Our Rice Fields !! We Own You !!! * Your GREED is Our GOLD!

Inflation is already here in many sectors

The surplus countries will power ahead raising commodity prices

The dollar will fall as our creditors switch out of our federal debt into our corporate equities and bonds. The price of commodities in dollar terms will rise rapidly forcing prices up domestically.

Interest rates will rise considerably, not necessarly to hinder inflation but to make our federal bonds attract to investors in the face of a falling dollar.

As countries and investors switch from US federal debt to our equities There should be some what of a stable bottom to the stock market as the dollar falls and stocks adjust to a new economic environment

As domestic tax revenues erode, interest on the federal debt explodes and entitlements are paid out, the federal government faces possible insolvency.

Our economy will not grow for some time as we reassess asset values associated with hundreds of trillions of dollars worth of derivatives which have questionable value.

We are witnessing the value community organizer training the Acorn organization provides future presidents. Is it by intent the BO is taking this country to hell? Perhaps the ACLU will stand up for our liberties be our saving grace. If that does not happen, probably the national media will at least give us a clue as to what BO is up to. If none of the above happen, we will have to change our dear song God Bless America to God Save America. Now that is what CHANGE is all about.

Inflation could go either of two ways: 1) the debt created to prop up our financial institutions could be used to retired the debt when repayment is made (reducing the threat of inflation) or 2) the repayment could be directed into social programs that will increase demand and push up prices. This is “inflation”. Any community organizers would most likely choose option 2) and tell people like “Joe the plumber” we’re just trying to spread the wealth around. How grand.

If the info you are reading is wrong, who than, will pay these massive debits?
Santa has toys not cash…
Jim Joans had some cool- aid for you.
@David Pelly

Google “Mortgage Resets” to see 2nd wave in 2010/11 Also
“Solar Mortality Theory” predicted onset of 2nd global
depression precisely 2007.5 based on scientific evidence
that human race is sun-synchronized to 22.2yr solar cycle
Every 3 generations, when 4th arrives two things happen-
When 2nd generation begins to arrive, it leaves ONLY ONE
generation working to support aged and newborn & selves.
THIS FACT OF LIFE is what causes socio-economic upheavals
AGAIN and AGAIN irregardless what govt system exists.
From Easter Island to Russia to USA & China, ALL succumb.
Ratio of BirthRates to DeathRates must be balanced by the
Ratio of GDP (production) to Commodities (Consumption)
IF we don’t balance the eq. Ma’Nature will up DeathRates
as our traditional Final Solution- This goes way beyond
any concern with runaway inflation- result will be Death

The sooner the whole thing blows up the sooner the rebuilding can start. The social agenda being shoved into force now is unsustainable. As far as i’m concerned we can then pick the constitution back up and start from scratch. When we start over only property owners should be allowed to vote. this way there will be no way for the lazy to vote themselves anythingLook at the last election the libs had street people voting not for any help to come to them but so the socialists could have power. If liberals under the new system want power , then let them put their property on the line! If the gov’t wants to stimulate this economy just forgive all the mortgages of all Americans and the economy would resume tomorrow?

Obama is our Mao. If we don’t like it, we are dead. Read Chinese history. Very scary! Where is Nasty Pelosi going to hide? Obama is the one who started the race war. All the people who voted for him probably don’t realize they may be starving also. Our rule of law is being ignored daily, and how did we get to the point where none of the House or Senate have a say in anything. Obama, cold as he is, has the plan he is following religiously, and has some tough people behind him. We really are in the twilight zone. He wants to be King of the World. Where are the strong leaders who are the good Americans?

@Roger Carmichael
err-[when 2nd generation begins to "RETIRE"] not “arrive”

The only chance for recovery, as I see it, is to have the super rich, (Gaithner) democrats pay theie taxes as they so loveingly commend us to

I think we are in a big mess, Maybe worse than Bush

@Frank Gendron

@Dennis
obama come to save america he was not the cause of the detirioration of america if you beleive in GOD you will have the wisdom and the vision to analyse the truth nothing but the truth so help me GOD…

@Anonymous
blame previous government that lead america to tragedy
why you put the blame on innocent honest person OBAMA WE NEED TO STAND BY OBAMA WHO NEED PEACE INTERNATIONALY AND IMPROVE THE HEALTH AND EDUCATION PRAY TO GOD TO GIVE THE WISDOM TO THINK LOGICALY

Ladies and Gentlemen,

Remember the number one tenet of democracy:

“Everyone wants to do business”.

Keep the faith. This President at last will succeed in his this great undertaking. Let’s all wish him well. The sooner we get back to doing business without fear and hate, the better off the World will be.

David

excuse it should be
http://www.uncommonwisdomdaily.com

First off,I personally like your newsletter,You have a very practical approach to investing,No get rich quick,Just sound principles that have proven themselves over time.Inflation is a very big concern,Our fellow americans have allowed these circumstances to prevail by not truly participating in our Republic as it was originally meant.Now while most of the country has been asleep at the wheel our core values are at stake.We will most likely see a reality that was never meant for our country.But due to too many factors,corruption,greed,immorality etc.We now have a future that won’t be what most of our citizens have grown accustomed to.I’m truley concerned,But hopefully our little pieces of the markets will try to keep up till they try to give us our new economy,Whatever that may be.Buy stock in Smith & Wesson,Have a reasonable stash of gold an silver,You may need it.

Regardless of actions by Obama, Bush, or current Congress I think the current situation is the culmination of several decades of U.S. government and business missteps and incompetence, and greed. As a youngster in grade school in the early 70′s I remember the talks about the U.S. loosing manufacturing capacity and jobs to overseas competition. I remember wondering how that could possibily be a good thing. I think that was blown off to the idea that American greatness would create new technologies and new jobs to replace lost manufacturing. Being young, didn’t give it much more thought. While being in San Diego, CA in the early 80′s while in the military, illegal immigration was just starting to become a hot topic. At issue was the fact that people were coming across the Mexican border, working for less than a U.S. citizen, and not paying taxes. The Boarder Patrol actually tried to stop this but were way undermanned. I remember wondering how this could be a good thing. But being a Tennessee country boy on his own in California, I didn’t give it much more thought. Plus thats a California problem. Won’t effect me after I’m out of here. My first business associate I got involved with after getting out of the military in the second half of the 80′s informed my that we were no longer a manufacturing economy but a “Service Economy”. I remember wondering how that could be a good thing. Being a young man trying to make ends meet I didn’t give it much more thought.
Fast forward to now; they were right about American greatness creating new technologies, new jobs, new ideas, ect. But somewhere along the way uncontrolled GREED, unchecked by law or government rules, came to be norm for business in America. Somewhere along the way a companies stock price and performance became the most important thing. This lead to CEO’s who don’t look past the next bonus check. They figured out it was cheaper to outsource many of these new tech jobs overseas. Somewhere along the way they figured out its cheaper to build new factories overseas too. Apparently there is very little government control, regulations, or incentives to prevent this. Mortgage Lenders only cared about business on book regardless of what happens next year after that CEO gets his bonus that anybody in the world can retire on. This whole issue has lead me to really question the logic of the publicly owned company. You have CEO’s, CFO’s, Boards of Directors, and a bunch of others that make enough money to never work again at any moment. They don’t really own the company or anything and the long term health of the company, in the end, doe’s not really matter. To them. There’s a bunch of stock holders left to hold the bag. A perfect example is what used to be known as the “Big Three” U.S. automakers. We know the woes of GM and Crysler. Somehow Ford lives. Last I heard the Ford family was still very powerful in that company. Ford pride is still on the table there. The company means something to them.
The “Service Economy” is a flop. Since the early 80′s, that California problem with illegal immigration mushroomed nationwide. Corporate America figured out a lot of these “service economy” jobs could be done by the illegals for half wage. Again, no apparent real motivation by government to change this, in violation of its on laws. People cry about crime in America. If the government dosen’t respect its on laws why should others?

A detailed review of the last two thousand year of history shows unequivocally that the decline and fall of every single empire has been preceded by the destruction of the value of its currency through the evils of a government that spends beyond its means, inflating the money supply and concomitantly devaluing of the units of its currency. Paper money is particularly prone to this process. We are at the stage where the snowball is unstoppably rolling downhill faster and faster. Unthinkable though it may be, no nation is immune to the final result of this process.The United States as we know it is DOOMED.

if we gonna have inflation china and japan’s not gonna be any better you can tell by japan’s economic now. also china. they gonna make the money go around to keep their people at work.

What’s happening to the backbone of the American economy and value of our currency makes investing a no brainer. I’m choosing to invest in global commodities supported by global demand—uranium, molybdenum, copper, oil. There will be ups and downs, but the Freeport McMoran’s, Thompson Creek Metals, etc have gone straight up since the inauguration and we’ve only just begun the govt shopping spree and not even started to melt the US credit cards. A safe suggestion to someone with an ARM on their house, fix it quick. More importantly, if you don’t have a house, but can afford one, don’t wait, it doesn’t get much better than this–low fixed rate mortgages and depressed housing prices. Remember our friend Jimmy Carter–we thought 8% was a good mortgage rate and within less than a year it doubled. The more the govt borrows, the more smoke will come from the over worked dollar printing press–we have to pay the debt somehow. For the upcoming months and maybe couple years or so, I’m using this information to hopefully see my mortgage rate shine and my FCX, TC, oil stocks grow as the Chinese and other developing countries contract for more cars, buildings, etc, requiring a greater supply of energy and commodities.

If the subprime lending of banks and mortgages is a small crime, what is the charge for financially raping the future wealth of our children and grandchildren? Gaithner should study actions of a former Sec of Treasury, Lloyd Bentsen, who turned the economy around under Clinton—he did not borrow against the goodwill and faith of the USA only to spend to pay people not to work. A few hundred years ago people came to America to avoid taxation and now we’re going to have a “scalping” taxation which will only be modified with printing more dollars to pay the debt. Over taxing the wealthy to provide free health, free food stamps, free welfare, almost free housing projects, free education, etc is like making a video on how to get people to sit and do nothing except teach their children and grandchildren to sit and also do nothing. At some point the well runs dry. Let’s try weaning the financial suckers off the government’s piggy bank to grow up, be self sufficient or be satisfied living in the pen and not the farmhouse. Taxing productivity or basically taking from the doers and giving to the takers is rewarding bad behavior. It doesn’t work when raising a family or running a government.

they created this whole mess on purpose to control the masses.you see they like to tell us the lie because of the control of the media news.they want to tell us their news not about the real truth. how can a CEO of a huge financial
institution who has a MBA or a PHD not know about these bull mess and yet they still get their bonuses for the screw mess.tell me somethings that I dont know and I can tell you these things has been foretold 2,000 years ago in a book named the BIBLE.

Amazing how little people think these days. What is the purpose of this feelgood political rant and grandstand anyways? WHen people are incapable of vision it is quite sad indeed. We should wait for the country to go bankrupt before we do anything on the financial system. We should wait for the globe to implode before we do anyting about climate change. We should wait for the financial system to collapse before we do anything. Yes it is true most people have sight but very few have vision. This country was founded on a vision. Just think the founders of the USA could have waited to see the Union before accepting it is possible! They’d never had come here …and according to you they would have been right because there was no pressing need. Where would you be then? This is Republican thinking. It is not necessary until it is too late but but we want to go make democratic nations out of dictatorships! Sometimes you have to see it before you see it! Think, I know it is hard work but try thinking out of your box for a millisecond and see. It works! Thank heavens for the Obama, Geithner and Dr. Ben.

One more thought. Personally, I think Americans should be VERY upset that one of theirs was laughed at by the same people whose goal it is to destroy American industry, ship products for consumption, sneak around and create tradeing deals with Brazil et al using “notional” currency and laugh at the dollar when it falters! It is sad that anyone here would rather align with a chinese spite of our systems than align with Geithner because they vote differently. There’s the new national pride for you. What’s next? Find out what party the service men belong to and appreciate or sympathise accordingly? Geither is a public servant of the United States and that should count to even for those with the most base of instincts when he is disrespected by …an (economic) rival that on paper is a friend but in reality wouldn’t give a hoot as long the goals of exporting to the US is met. That is what China is concerned with and you should be smart enough to understand this or really stop wasting your typing skills here. To China it is all about monetary gains. Think Sudan, Congo …oh by the way where is the collaboration with China to “deal” with N. Korea going? More nuclear tests by N. Korea that’s where. China wants to know one think. How much? Get thinking and seeing paople and for once stay with the topic. Were the Chinese right to laugh at an American Civil Servant looking for solutions? NO.

I am scared to death. Our country may never be able to recover from this and we WILL be dominated by China. Geithner looks and behaves like a 14 year old boy!

Mary Bird

Stupid people borrowing more than they could afford to pay for a house they didn’t need. Our gov’t is now doing the same thing spending money that our grandchildren will still be repaying, creating more gov’t jobs to administer more socialist programs. can’t pay your mortgage let Uncle Sam help you out, the 90% of the people that are paying their bills on time can supplement the 10% that were irresponsible. We need to go back to the days when hard work was rewarded not punished.

Elitism and self greed permeates our government institutions. No longer can politicians be trusted to do what is best for this country. We need to eliminate the Stimulus, TARP, and other government bailout and giveaway programs; push for a constitutional balanced budget amendment and enforce mandatory cuts in spending based on “10% of GDP” debt target; limit import of foreign goods to a max. of 50% of U.S. consumption so our homeland industries are not destroyed; eliminate the corporate tax on U.S.companies that pay 50% of profits as dividends to stockholders; provide tax credits for U.S. job creation; increase short term cap. gains taxes (periods less than 3 months) to 75%; revamp our educations system to be more effective and cost efficient (special curriculum, video professor; increase training for skilled trades; and establish
term limits for politicians.

Well, duh. Every time the government prints money the result is inflation. Our current administration is printing more than anyone else in history. I have absolutely no confidence that this pack of socialists will be able to control inflation any better than their predecessors when they spent money they didn’t have.

we have to get rid of all the corrupt people in washington and also impeace the pres for allowing this to be put into this situtation.
FNM

we have to get rid of all the corrupt people in washington and also impeace the pres for allowing to be put into this situtation.
FNM

” Wake Up America ”
Back up a Few Days.. In Respect to whats Happening to the USA, GREED! Thats What ! People in this Country Only Care About “How Much” $ $ $
Not Fellow Human Beings. In the Old Country People Care About People… Not How Much More Money Can I Make; than the POOR Fool Next Door. ” Oh You Cant Eat Today, OH Well ,Hope Every thing Works Out” TOO BAD ! * Lets Look at the Big Three >>> GM Alone First Received $20Bllion Dollers, Put People Out of Work,Filed for Bankruptcy, Now they Get Another $50Billion Dollers, More People Out of Work/Business! NOW YOU TELL ME ! ALL Said and Done.. If GM had First Filed for Bankruptcy , We would be $50 Billion Less in Depth! HELLO! >>> CHRYSLER ” Ditto” >>> FORD! We’ll See! CHINA>> 25 Cents a Day LABOR, 50 Cents a Day, $1.00 a Day , * AMERICA Says Hummmm.. Cheap Labor! There Went Our Ecomony! * AMERICA: Lets Let the Poor Solbs Do Our Labor, More Money! “Idea” We’ll All Become Computer Couch Potatos! GUESS WHAT AMERICA! those Poor Chinese People Make Our Computers! >> They Don’t Need Us! What can we Offer the World , Oh Yea! “Computer Couch Potatos! *** No Manufacturing, No Money & Control of Our Own Desinity! CHINA : LAZY AMERICA’S Now Get to Work in Our Rice Fields! You Owe Us Money! “WAKE UP AMERICA!!! “

Like all great nations, greed and arrogance led to their downfall. We are followig in their path and hyperinflation will be the results, a fact that the Fed and Treasury expects. It’s unfortunate that as a nation we will go through this terrible downturn only to find ourselves in the same situation prior to the recession/depression. The things that caused the downturn have not been corrected, only the names at the top of the Wall Street firms,Banks and government regulatory agencies that caused this mess have changed. The current administration as the past are to imbedded in the industry to make any real changes. They will retreat to their old ways making decisions without any concerns for the American people or our Country. They should all read a little history to get a picture of what awaits us all.

“wake up America”
ABOLISH Goverment as it is Today! (+ Lawyers>> SUE SUE SUE!, GREED!, the American way to Wealth!) *She Gave Me a Dirty Look! Lawyer: Lets SUE Her! OK! $$$$ MONEY!… Cha Ching! Cha Ching! Cha Ching! Hummmm.. New House,Car, Vacation, No More Work!!! All Right!! Lets Go for it!
***
Make a Phone Call; and Call Back Our Founding Fathers!!!
Thats Who Will Straighten Out this Country!
MORALS do Count!
“WAKE UP AMERICA!!!”

Our current administration and congress (111 th) is totally irresponsible, their head long dive toward SOCIALISM is a direct effort to destroy the country!

This path has been worn down over the last 20 years, among several administrations, the destruction of our econ is just one of the last efforts needed too bring the U,S, to a third world country status.

The public is blind to the fact that our children and future generations will pay dearly , both economically and the lost of freedoms granted by the forefathers of this once great countries principals.

Isn’t inflation how our government pays its bills?
Isn’t this how we paid for the American Revolutionary War debt?
“We the People” will pay and pay and pay.

We are seeing the results of big government in bed with big industry. Governments thrive on inflation since their debts are repaid with ever shrinking dollars that they increasingly confiscate from an unsuspecting public. As taxes rise, common people become more & more dependant on government largesse.

David Pelly would you pleas make your point? Tell me your opinion about our economic position. I really am interested in differing views so that I become less polarised and more fully informed.

P.S. I do know that you cant spend your way out of debt or dig yourself into a shallower hole, but that might be me being stupid.@David Pelly

What do Russian Czars have to do with Obama? Bad, bad comparison. The Czars were victims of socialists/communists themselves.

DEAR ALL! PLEASE READ WHAT THOMAS JEFFERSON ONCE SAID:

“GOVERNMENT BIG ENOUGH TO SUPPLY EVERYTHING YOU NEED IS BIG ENOUGH TO TAKE EVERYTHING YOU HAVE … THE COURSE OF HISTORY SHOWS THAT AS A GOVERNMENT GROWS, LIBERTY DECREASES.”

Isn’t America heading towards the Big Government?

50 years as a market analyst. This time it is finally
coming—a currency devaluation prompted by a lack of buyers of our bonds globally. inflation is/will be primarily in precious metals, commodities & energy, and forget the deflation cycle as ALL world currencies are trash—even the swiss franc which is no longer backed by gold and 99% of the people dont even know it. No place to run in currencies.

Where to be? Gold, silver, oil, ag commodities, base
metals. Real Estate still not bottomed out and taking the brunt of the losses. Also buy Yuans, bets on lower dollar, and expect higher interest rates. Of course you should now have 25 to 35% of your net worth in gold and silver coins both numismatic and bullion. Hold the coins & bars. Avoid any precious metal ETF’s as they
really will fold when redemptions come for the actual
metal. Sorry, 401-K investors will NOT get paid back
from SLV, GLD, CEF as they are not audited and do not have all the metal they claim to own. Hold and own the
metal. Finally, on stocks, you can dip your toes back in
to those stocks that focus on commodities and other themes mentioned above.

Oh My Oh My….one can look back at the reagan, daddy bush and baby bush years and see how the republican party left America with the largest Deficits in our history (baby bush leaving us in a solid depression)! We can only hope that the Democrats can save America, like the Clinton years did and get us out of this republican fiasco we inherited from them. Our children will NOT live the lives we lived in the generation after the war!!! What a Shame !!! The american people vote republican 20 of the past 28 years and You sit and wonder why we are in the shape we are in NOW … Ha ha ha ha ha….

Recently I had to renew my driver’s license in NJ . Unbeleivable the amount of documentation you need. Birth Certifificate , or Passport. Utility bill etc. Why can’t the president produce a ,”Legitimate Birth Certificate” instead of fighting with lawyers those who wish to see it?

Inflation is inevitable with the defecit we are carrying, rates will go up, which in turm will slow down housing even more. The credit crunch is about to play a major role in the commerical property arena. Values will continue to drop in the commercial arena due to the lack of credit, lower occupancy rates, which in turn is going to create more job losses. We are from being out of the woods.

The one thing that no one is speaking of is, if we have more inflation, that normally drives up housing, no one is mentioning that. I realize housing is in a major slump, some homes are selling way below cost, and we have unemployment increasing daily, but at some point, housing must turn and with the price of commodities starting to rise, existing housing inventory becomes an incredible bargain. I am personally starting to aggressively purchase foreclosed and damaged housing for capital appreciation in the next 5 years.

“wake up America”
ABOLISH Goverment as it is Today! The Last GOOD Pres… was TR. I Hear the Bread Lines Calling!!!
I Really think Americans are All STUPID! (Except for a Few! )
* Gov.Says: Spend! Ams. Say: How Much ?
* Gov. Says: Buy! Ams. Say How Much?
* Gov. Says Taxes! Ams. Say: How Much?
GREED! GREED! GREED!
DON’T You See: Ams. are a Herd of Sheep!
* I Really Beleive its All Over! Were at the End!
* PEOPLE MAKE TOO MUCH MONEY IN THIS COUNTRY OF OURS!
* Fact: My Farther ,Only One Working!
* Fact we Owned a House,Car,Cloths,Food,Not to Mention: Vacation every Year & Money in the Bank!
* Do You Not SEE : Somthing is Wrong with Our Ecomony,Gov,Spending! etc,etc. “

Yes, I do agree with China. He was a failure before he was appointed to the White House and he don’t seem to be doing any better there.

This is a reply to Frank Gendron’s comments. Frank, the “Past” Administration did not have enough regulation or oversight because the Democrats, and in particular, “Barney Frank” blocked it. Seventeen “17″ times the Bush Administration tried to get regulations for Fannie Mae and Freddie Mac and each and every time the Democrats said that Fannie and Freddie were in good shape. I watched the hearings and I researched this topic because I wanted to get to the truth and what I came up with was terrifying. I no longer rely on the media to give me the facts – I rely on myself to get the facts. I don’t want to live in Lollipop land and deny the truth just because I like someone – I want the facts!!! The election of a US President should not be a popularity contest as to whose pecks look the best on the beach. The President of the great USA is the most important job in the world and should be treated so. I’m afraid that this time the American people treated the past election like an American Idol contest and we are going to suffer grave consequences. So far what I see in Obama and the far left Democrats is horrifying – I just hope my gut is not right this time.

This is a site for the party opf “no”, Republican refuseniks—thst standard refusenik is to stop spending and lower taxes–just like in Herbert Hoover’s time. The Republicans have learnmed nothing since that time.

What Geitner and the Democrats are doing is printing money to save the economy—and the do run the risk of devaluation and inflation. But, with proper management they will avoid a bad bout of either.

We know form 1929-1932 that tightning the beld leads to disaster.

NWH.

I think you are mistaken in your criticism.In times of
extreme emergency,like now,we have to do things which
otherwise would be imprudent.Like when we have to go to war.We must win the war and tempoarily disregard what it
costs.Would you like government to disregard the current
problems, they inherited, and go to 25% unemplyment,as it
happened during great depression?I know what it was like,
I lived through it.Current problems go back to 1980s when
flawed assumptions of “Supply Side Economics”resulted in
current problems—”Government is the problem”,”Deregulation will eliminate cost of Gov’t.and will result in more efficient allocation of Capital”.These assumptions are contrary to human nature,
are false and responsible for current problems.
Alfred Kaplan

@Joe
i believe you are right joe we bought his story because we needed some thing better than bush and we bought a pig in a poke we will all be sorry very soon.if we have any money it will soon be worthless along with our govt.we are all about feeding and occuping the world and cant take care for america who says there is the american dream and im glad and happy they are laughing that asshole geitner out of china,.joe

China may well be correct. China may have taken Geithner’s remarks for the poor manner that Geithner presents himself. The inflationary tren or pringing more money is real, the low Treasury rate will not keep up with inflation. Someone need to sell China and Japan et al that the usa will come back and that sales person is Bernanke, possible the best economist we have ever had and can present himself in a clear professional manner that China may understand.

I know for a fact that INFLATION is just another hidden tax paid for by the working class. What bothers me is the Feds are making money regardless of which way the economy goes. The biggest PROBLEM is not that we are in a real bad economy but the real problem is that the FEDS are calling the shots and trust me when it is all said and done America will be weaker for it. Why is FREE Enterprise being destroyed right before our eyes. I believe it is because of this so called World View of Post Modernism Relativism Philosophy which state that everything is relative. Everything is open to interpretation now by the Liberal DEMOCRATIC PARTY. Even our President isn’t guided by Absolute Truths anymore. The Leadership is moving this country towards more Socialism and Trust me it is making the American people WEAK! Most Americans now are willing to trade Personal Freedom for SECURITY. The Current Administration knows that and trust me they are sending the message loud and clear, saying ” We will take care of you, just let us control everything in your life.” This is a step towards Totalitarianism. We can’t let that happen! If you want to know what is really going on behind the scenes read, Creature from Jekyll Island, by W.E. Griffin. It is an eye opener to Understanding the Truth!

With the diluted value of the dollar, Inflation is inevitable. And with the world competion for resources,prices will remain high and the dollar won’t buy much.
Who would come to our treasury auctions? game over.

Although deflation is currently affecting our economy and the dollar is in a short term rise world-wide, the economy is continuing to fall, and US and other countries attempts to interfere will be rendered useless in the face of economic laws. I am in gold, silver, oil and gold miners. When the market heads south, I will sell the miners if they indicate they are going to follow the market. I think when the dollar starts inflating as economic law says it must, the government will not be able to shrink the money supply enough to prevent a serious, serious freefall. Forex players may have some ideas on profiting from what must happen, also.

In my lifetime I never could imagine the US public would sucker to the blandishments of the Great Pretender OB to the point of electing him to be our Fearless Leader. He has not missed a beat in legislating, often illegally, or ordering systematically every conceivable change to weaken, diminish, or disable those hallmarks of our Republic still in existence. He is the Demonic Destroyer who has no genuine concern or compassion for any one or all of us. He is the most profound expression of self worshipping Narcissus publicly braying. He is in short the living breathing antithesis of all our heritage and traditions stand for. God save us all!

The way i see it is, all the people who think obama should be voted out of office will have to band to gather form a collation get all the people from all over the US to pledge to work to remove this person. then go to the voting booth and do what every good American should do vote. while you are at it vote to remove all the other idiots in congress and senate who think the tax payer needs to pay them for the rest of there lives when they leave office

I love this web. It allows us to “Rant & Rave”. Some of it is crazy and some of it makes sense. Sense I was 10 and thought about the National Debt I have not understood this. I am 76 now and still do not understand it. As I grew up I learned that if you did not have the money to buy something you worked hard and save until you had the money to buy what you wanted–except, perhaps, a car or home. Now the sky is going to fall if we as a country do not have “credit”! Also, to me to restore “investor confidence” and “confidence” in general it’s a “no brainer”. Take the whole “den of theives” on wall street, the car companies, and banks out hand hang them! This will restore confidence in a heart beat. Yea, I know this will NEVER happen for we are “eaten” up with “bleeding heart liberals” on both sides of the political isle. And, it would not hurt our economy to send all of the illegal immigrants back to where they came from—they are breaking our laws. If you are reading this—thanks for allowing me to vent.

I believe that taxes leapfrog our inflation. It is most notable when a company has to pay taxes on a product they created alone. I’m referring to the government taxing as a whole. I am, currently using a pique of inspiration to at least fend away some taxes. If it were up to me and my system would not fail, then we would be safe without inflation. We would still buy cigarettes for a quarter a pack at the local convenience store. But that is done with because of bureaucracy and its entanglement with taxation. So please pray with me as I try to get rid of some of this debt.

@Tangito
Whoa is us! Your prognosticators, should they be correct,
will ensure a one term president. However, will the damage be done. I suggest that all politicians 1. have had proven success in running free enterprise 2. have zero history of impropriety 3. Have at least an IQ of 120 4. Are never allowed to keep campaign war chests 5. Retirement accounts be in line with current norms 6. Pay for their own healthcare 7. Limit deficits to no more than Zero, nada, none.

I have lived through the 1929 depression, born 1918. I have been predicting this cataclysmic economic problem for many years.It appears to me that we are headed for inflation. We intend to pay our debts with inflated dollars. federal Bailouts will not work. Let economics run it’s course. Bailouts only delay the day of reckoning and make the final outcome more difficult.

Most people have missed the most important point. It is not the government that’s the problem it’s the people. We collectivly are a bunch of crooks. Everyone wants the government to pay for their goods and services e.g. social security, medicare, welfare, education, now even health care for all. About half of all babies born now are to unwed mothers because they are no longer concerned about not having a man to help pay for kids. That’s why we vote for the crooks that we do. We want them to pass laws that will allow us to get all this “free” stuff. Any politician that would talk about cutting back on any of these programs would not get elected. Obama got elected because he promised more ‘free’ stuff and we won’t have to pay for it if we don’t make over 250 K. That’s almost everyone. How’s it working out for you?

What scares me is that many of the people who voted this communist OBAMA into office don’t even know who Geitner or Bernake are. The press and the president are able to get away with fleecing the taxpayers because the media doesn’t ask the tough questions and challenge these guys. They get to pontificate without being challenged by competent journalists who should be exposing them for the thieves they are. What a disgrace. The people who voted for Obama have signed our moral and economic suicide note. Unfortunately they aren’t going to realize it until we collapse. The media will still blame Bush. Unbelievable

I believe that the USA and most likely European and Far Eastern economies have come to a historical corner where economic repercussions will be felt around our Globe and perhaps the eventual demise of America as the economic leader… Thank you President Obama!

I believe inflation will zoom upward and the dollart will drop downward as a result of spending so much money that we do not have. I am trying to revamp my investments to counter these twin evils. Chuck

THE FAIR TAX (HR-25) could be our salvation and give power back to the people. At this time Speaker Pelosi will not allow it to be brought up for vote by the House.
If you do not understand this good plan read the new books on this subject.

Face facts: We have a sadist, Markist President and a self serving Congress gone wild. Can we survive until 2010 and 2012? Printing money without backing will always lead to inflation and a cheap dollar. Unfortunately Congress has backed up into a corner and the way out will be painful.

Personally I am investing in only stocks that pay dividends, have a good cash flow and are primarily in energy and goods people cannot do without. Many are Canadian.

I agree with Chuck!!

Unfortunately the Chinese are right, Our economy, currency and approach to solving our short and long term problems although well intentioned have only a small chance of success. One of the few solutions although unpleasant is to reflate which will only diminish the value of the US dollar. However, the Europeans are in worse shape as are the Japanese, so where do we go from here.

I am firmly convienced we have a congress lead by a president that want a soicialist form of government that will tax the americian people at a level as in europe; above 64%. Their power comes from the tax system that allows interest groups to cause our government to pit groups against one another; for example tax the rich and give it to the poor. Our only way out of this mess is the fair tax that will do away with the income tax for individuals and business and replace the whole mess with a federal sales tax. The major stumbling block is our own government’s lust for power given them through the tax system.

The current administration appears to have lost all sense of propriety and common sense in its policies that it suggests are designed to fight the financial messes that it participated in creating. Basic financial acumen tells us that one cannot consistently spend more than one takes in; it surely doesn’t take a Phd education to understand that. Perhaps our current administration’s agenda is oriented toward some other goal. If so, lacking experience though it may be, if the administration fails to get an immediate grip on expenditure vs inflow, what can anyone possibly think will avoid financial chaos. Only fools or novices could think otherwise–surely the Chinese and Japanese are neither. We are on the brink of economic chaos brought on by our inane government policies and seeming lack of experience. Is it possible that our Democratic super majority is hellbent on driving us into economic disaster? I’d like to hope not but the available evidence suggests otherwise.

What most don’t realize is Nixon opened the door for cheap Chinese goods to flood this country. As a consequence manufacturing has gone from 26% of the economy to 11% with the loss of 10 million jobs over the decades. We have a massive trade deficit. The only realistic solution is to PRINT OUR WAY OUT OF DEBIT. We’ll never work it off!

most of us readers agree what is right and we know what is wrong… no one in congress sees this?

Who put the U S A 40+T in the red, who took us off the M2 supply. Obama is spending too much, but the country was going bad. I ask many freinds the same qustion, they knew, but it is very sad that most people don’t know.

obama and pelosi need to leave office, they do not like our counrty it seems that they hate everything about it, so I am just wondering why they want to be in office it surely is not for our interest. They are damaging our country foundation at an extremly fast rate, who knows what this counrty will look like when there time is up.

God I as you to please stop this destruction to our beloved country, Please lord our nation needs your help.

R Burrow

The GOP is responsible for this mess and that is only done to show how Americans are not paying attention. If brains were given out to anyone what happened the good old USA, you can see that the global market place is full of chuck holes and we are reaping what we have sown. Young people coming out of college and understand a few things, know how this was mismanaged, due to greed, with no belief to support their premise.

How much longer will the rest of the world allow the U.S. to devalue the world currencies.
We are reaping the rewards of years of corrupt policies and complacence by Wall St, The White house, and the Treasury.
I think this is where the U.S. hits the wall.

Yes!!! but,I don’t appreciate that a communist company criticizer USA in any way.

The more China buys up American debt, THE MORE OF THE COUNTRY IT OWNS. I think that consideration would outweigh any other temporary concerns about personal wealth. The more you encourage China to buy American dollars, the more you invest in China, the more power you give to China’s burgeoning global economic rise and the faster it will establish itself as the economic centre of the world. How do you feel abouit that?

The only thing holding down the signs of rampanyt inflation are the fact that much of the public is paying down consumer credit card debt, and actually beginning to try to save money. This will be to no avail, as the worth of the dollar descends into the lower depths. The Obama administration thinks that printing money with no backing is the same thing as creating wealth. It has gotten so bad that the Fed was actually “buying” treasury bills with “money” cr5eated by the Fed.

All money created by the Fed is actually loaned to the treasury, and is supposed to be repaid with interest. Bet many of you did nbot know that. In buying treasuries with Fed money, the government is buying its own debt – makes sense, huh? This can only result in disaster.

buy gold and silver. Put your money in foreign stocks, denominated in foreign currencies, so when the dollar tanks for good, you still have something left. It is only a matter of time before the dollar is replaced as the international currency of exchange and when that happens, we become just another second rate economic state.

Pete

People Have None of Listened to :
>>>> “The Year 2012″
THE END!
So What are All You Worried About ???
Were Never Gonna Get Out Of this Depression!!!!!!!!!!!!!!
STOP the GREED! AND pray!!!!!!!!!
Thats All there is ….
Thats All Folks!

STOP ! SPENDING!, CUT UP YOUR EVIL CREDIT CARDS … AND LET THEM FALL….”BOO HOO” THEY DON’T CARE IF YOU EAT! OR SURVIVE! Only that they can Take; All of your Money!
Yea Know; What Banks and Wall Street, Not to Mention the Gov. Care About ? Their Own Selves !!!!!!!!!
Like Other Readers have Said… “we are A Doomed Country”

It seems that the negative effects done by rampant government spending and the results from the unrestricted money management by the greedy financial institutions will result in much financial damage. Even in an economy as great as the American one, printing of trillions of dollars must result in inflationary pressure. The only reason I can see for keeping the dollar solid is that NO ONE else out there including Europe and the Euro is in control of their economies. In the world of macro economics with the amount of buying power the American economy generates there isn’t a foreign country out there that wouldn’t be seriously impacted by significant change in the value of dollar. If that balance changes world economies will put under chaos. There is a lot of fear out there.