*BEYOND THE PAIL!!! Obama: Too much debt could fuel double-dip recession

JustAnotherFriedDay

JustAnotherFriedDay

Well-Known Member
Oh and med, it's so obvious your in denial if at this point in time you still believe Fox news isn't real. Please tell me how visual confirmation (which is the most powerful kind of confirmation, yes? most people believe their eyes over other peoples ears) isn't reality.

So if Fox was a radio show with no audio bits, I could see how you would be against their questions and theories about what's happening to the country. However, the claims they make all have evidence backing them up.

You can't be blind, but are you deaf? Most certainly dumb.
 
R

Resin225

Active Member
I'm really amazed at the people that cannot differentiate between news and OPINION.

Shepard Smith = NEWS ANCHOR
Glenn Beck, Orielly, = COMMENTATORS/OPION.
Fox news beats the living fuck out of all the other stations, period. Why?
The people watching the news, (i.e. the people who want to be informed) pick fox because the agree with what is being said by the hosts. If CNN or msnbc would do some investigative reporting and present facts, people would watch. The reason that the others are behind Fox is because they DON'T report the news. I'll admit they are changing a bit but that because the show "Red Eye" on Fox beats the highest rated shows on the other networks. Oh and Red Eye in on at 2 fucking a. m..

End rant.. have a good day all!!!!!!!!
 
IndieGrower

IndieGrower

Active Member
Don't worry about a double dip recession, worry about China dumping all of our debt, due to the dilution that the fed is causing. Since the yuan is pegged to the dollar we drag China's currency down with our own. China is getting close to depegging their currency from ours because of all of the import taxes that China is facing from other countries because their goods are getting even cheaper with the falling dollar. If that happens the Chinese are going to be pissed. They will not be able to sustain growth and will be in for alot of political unrest. There will be a fire sale of American treasuries, the dollar won't be worth the paper its printed on. Hyperinflation will be a bigger bitch than a double dip recession. the double dip is the best case scenario right now.
 
Big P

Big P

Well-Known Member
IndieGrower said:
Don't worry about a double dip recession, worry about China dumping all of our debt, due to the dilution that the fed is causing. Since the yuan is pegged to the dollar we drag China's currency down with our own. China is getting close to depegging their currency from ours because of all of the import taxes that China is facing from other countries because their goods are getting even cheaper with the falling dollar. If that happens the Chinese are going to be pissed. They will not be able to sustain growth and will be in for alot of political unrest. There will be a fire sale of American treasuries, the dollar won't be worth the paper its printed on. Hyperinflation will be a bigger bitch than a double dip recession. the double dip is the best case scenario right now.
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so your saying if you have extra money to purchase real estate at these low prices if you can hold them for several years?


where do we put our money the euro?

maybe the yen?

fuck gold its too high right now.


but ill be damned if i got money in the bank and it loses 25% of its value overnight
 
IndieGrower

IndieGrower

Active Member
Big P said:
so your saying if you have extra money to purchase real estate at these low prices if you can hold them for several years?


where do we put our money the euro?

maybe the yen?

fuck gold its too high right now.


but ill be damned if i got money in the bank and it loses 25% of its value overnight
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Investing smartly right now is very hard, it seems that everything is going down the shitter.

The housing market is going to get worse this year due to the unemployment rate. It's going to hit 11% (the official, not the real number which is more like 17%), and thats not a matter of if, but when. Just last month alone 200,000 jobs were lost. So that means even more people will not be able to pay their morgauges. There are more foreclosures in the pipeline than ever in the US housing market. I have a family member in real estate and she said that she has never seen it so bad. The 1st time home buyers credit is to prop up the housing market and the prices are still going down. Just think 8,ooo in free money towards a house and people still can't buy. Plus as home prices go down more people are underwater (owing more money than what your house is worth) So people say screw it and walk away from their houses. Wouldn't you, if you owed 300,000 on a house only worth 220,000? This further continues the downward spiral.

Euros would be a good hedge against inflation, but with currency the interest you accrue can be flat. Maybe European stocks would be a better bet.

The Yen insn't a good bet against inflation, their interest rates are close to 0% just like over here.

On gold, yes it is high right now, but its nowhere near the 1980's high which if adjusted for inflation would be about $2000 in todays dollars.

You could invest in companies that deal with commodities, like oil, steel, mining, these companies would offer some protection if inflation were to hit really hard. But I would only expect to protect my money not make any with these stocks because as things get worse demand for goods go down and when that happens so do the prices. So commodities will only protect you to ascertain degree.

I don't like to be a doomsayer but things are pretty bad right now. And its all because of greedy bankers, wallstreet and a crooked government.
 
Big P

Big P

Well-Known Member
IndieGrower said:
Investing smartly right now is very hard, it seems that everything is going down the shitter.

The housing market is going to get worse this year due to the unemployment rate. It's going to hit 11% (the official, not the real number which is more like 17%), and thats not a matter of if, but when. Just last month alone 200,000 jobs were lost. So that means even more people will not be able to pay their morgauges. There are more foreclosures in the pipeline than ever in the US housing market. I have a family member in real estate and she said that she has never seen it so bad. The 1st time home buyers credit is to prop up the housing market and the prices are still going down. Just think 8,ooo in free money towards a house and people still can't buy. Plus as home prices go down more people are underwater (owing more money than what your house is worth) So people say screw it and walk away from their houses. Wouldn't you, if you owed 300,000 on a house only worth 220,000? This further continues the downward spiral.

Euros would be a good hedge against inflation, but with currency the interest you accrue can be flat. Maybe European stocks would be a better bet.

The Yen insn't a good bet against inflation, their interest rates are close to 0% just like over here.

On gold, yes it is high right now, but its nowhere near the 1980's high which if adjusted for inflation would be about $2000 in todays dollars.

You could invest in companies that deal with commodities, like oil, steel, mining, these companies would offer some protection if inflation were to hit really hard. But I would only expect to protect my money not make any with these stocks because as things get worse demand for goods go down and when that happens so do the prices. So commodities will only protect you to ascertain degree.

I don't like to be a doomsayer but things are pretty bad right now. And its all because of greedy bankers, wallstreet and a crooked government.
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all i want to do is protect my toil im not a market guy i got money from blood sweat and tears i dont want it to be devalued


i dont invest i just dont want my chedder to lose value ,



it may be a lot worse than we can even fathom better not be but like the saying goes always prepare for the worst and hope or the best

this time i think hope and change is not workin for us and if obama and his crew think they can trick us to think so then they are horribly mistaken

triple thick i make sure to look out for my fellow americans

ii truley love you guys
 
IndieGrower

IndieGrower

Active Member
Big P said:
all i want to do is protect my toil im not a market guy i got money from blood sweat and tears i dont want it to be devalued


i dont invest i just dont want my chedder to lose value ,



it may be a lot worse than we can even fathom better not be but like the saying goes always prepare for the worst and hope or the best

this time i think hope and change is not workin for us and if obama and his crew think they can trick us to think so then they are horribly mistaken

triple thick i make sure to look out for my fellow americans

ii truley love you guys
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I like to play the stocks a little, I don't expect to make a ton of money doing it. If I make 10% a year on my investments, it would have been a good one. Just like to save a little for retirement, and stay in front of yearly inflation. Plus the market is interesting to me I could stay on cnbc all day if I could.
I hear you man, alot of people are going to loose a lot of money. Obama is fucking up every move that he makes I can't think of one thing that he has done that made sense so far. Oh well thats what people get for electing someone to run the country with only 4 years experience. There should be some kind of test that determines if you can vote or not by your political knowledge and understanding of the issues.
 
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