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Overunity Machines Forum



I see an economic diasater coming...

Started by the_big_m_in_ok, September 03, 2009, 01:05:30 AM

Previous topic - Next topic

0 Members and 5 Guests are viewing this topic.

Do you think the American economy will ever improve?

Yes, definitely
Possibly, in the long run
No, it will worsen
Undecided

triffid

I heard today that China is quietly trying to buy up all the gold they can.I also heard that The USA will become the worlds biggest pusher of vaccines under Obamacare.Also the new amount of money required nowadays for a comfortable retirement is two million dollars.triffid


Also heard that many fulltime employees now will become parttime so their employers can avoid buying them health insurance.Fast food places were mentioned as being likely to push their fulltime people to 30 hours a week.Under Obamacare.

triffid

In this link lower hiring rates in the US are blamed for rising gold and silver prices. http://finance.yahoo.com/news/gold-silver-higher-us-hiring-175558557.html

triffid


triffid

Our addictions to debt and cheap money have finally caused our major international creditors to call for an end to dollar hegemony and to push for a "de-Americanized" world.
China, the largest U.S. creditor with $1.28 trillion in Treasury bonds, recently put out a commentary through the state-run Xinhua news agency stating that, "Such alarming days when the destinies of others are in the hands of a hypocritical nation have to be terminated.
In addition, Japan (our second largest creditor holding $1.14 trillion of U.S. debt) put out a statement through its Finance Minister last week saying, "The U.S. must avoid a situation where it cannot pay, and its triple-A ranking plunges all of a sudden.

triffid

The real problems of government largess, money printing, artificial interest rates, asset bubbles and debt have not been addressed at all. Rather, Washington has merely agreed to perpetually extend its lines of credit and to have the central bank purchase most of that new debt.
Instead of placating the fears of our foreign creditors we have cemented into their minds that the U.S. dollar and bond market cannot be safe repositories of their savings. The eventual and inevitable loss of that confidence will ensure nothing less than surging prices and a complete collapse of our economy.