Debt

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Dollar Default Now Underway?

In a macro (or general) sense, is potentially today the clearest sign yet a USA currency destabilization is now well underway toward capitulation and chaos. As of 1240 PM CDT...10 Year Treasuries up 30/32 from yielding 2.84% to 2.95%.   Now at 110 ...

Forum topic - Nichoman - Apr 17 2009 - 1:17pm - 2 comments

The US owes the FED 4.8 trillion, whereby the FED pays 97% of its profits to the treasury. We could just default?

I cant just get my head around this. The fed has "assets" of 4.8 trillion in US treasuries, whereas the US government has liabililites of 4.8 trillion to the fed. But, the FED pays 97% of its profits to the US treasury. So technically, doesnt ...

Forum topic - Subprime JD - Apr 16 2009 - 12:18pm - 11 comments

U.S states start printing their own currencies

The idea, borrowed from the Depression era when the currencies were known as "scrip", is designed to boost local spending and keep money circulating within the community.   ...

Forum topic - investorzzo - Apr 14 2009 - 6:07pm - 0 comments

Cuppa coffee time: how bad will it get?

Talk to the Fabian Forum: The Global Financial Crisis: How bad will it get? Published in April 13th, 2009 Posted by Steve Keen in Debtwatch , Money dynamics , RBA No Comments ...

Forum topic - Damnthematrix - Apr 12 2009 - 11:29pm - 1 comment

Good Article Regarding Banks and Their Strategy Regarding Debt

 Obama's New World Order   This is a good article regarding banks, IMF, and the overall strategy to nurture perpetual indebtedness. It's a bit lengthy, but worth the read.  Re: Good Article Regarding Banks and Their Strategy ...

Forum topic - michaelh - Apr 10 2009 - 8:08pm - 2 comments

Taking on a new mortgage - Is this a bad idea?

Just wondering what opinions are out there concerning a new home mortgage right now?  Is that a crazy thing to do?  When my wife and I sold our house in GA and moved to the West back in '07 we could see that housing prices were unsustainable ...

Forum topic - sensei - Apr 5 2009 - 9:44pm - 11 comments

Help with a speech topic

I am giving a speech in my class, and i want to do it on the topics referred to in the crash course. But in this speech you have to argue 3 "expert" views using point, counter point arguement. Basically taking a view from the opposing side ...

Forum topic - DWShultz - Apr 2 2009 - 7:31pm - 3 comments

Jim Rogers Believes World Is Heading for Depression

 Great interview. Rogers reiterates his disgust with the recent government economic interventions, especially in London and Washington DC. He believes we are making the same mistakes that were made in the 1930s, which led to the Great ...

Forum topic - investorzzo - Apr 2 2009 - 6:23pm - 6 comments

We need this guy in America!

Daniel Hannan Rips Gordon Brown a New One Re: We need this guy in America! I am not trying to be rude, but this is old news and was already discussed on this forum 2 weeks ago. Re: We need this guy in America! ...

Forum topic - investorzzo - Apr 2 2009 - 5:55pm - 4 comments

I’m In a Whole Lot of Debt, and a Whole Lot of Trouble!

Deleted.  Spam. Re: I’m In a Whole Lot of Debt, and a Whole Lot of ... Norman - We got out of debt using Dave Ramsey's program; You'll find him at www.daveramsey.com He has a radio show you can listen to: 3 hours daily, ...

Forum topic - norman - Sep 20 2010 - 6:04am - 6 comments

War Pigs - Cost of a Global Empire

ny doubt that the Military Industrial Complex is as strong as ever should be removed after examining Obama’s 2010 budget just put forth. It calls for 26% more in spending on Defense than President Bush spent in 2006. The Soviet Union collapsed in 1989, ...

Forum topic - investorzzo - Mar 31 2009 - 10:14pm - 1 comment

Geithner's Plan for Bad Assets: Part of the Master Program

http://seekingalpha.com/article/128495-geithner-s-plan-for-bad-assets-pa... And if you want other opinons: ...

Forum topic - investorzzo - Mar 30 2009 - 6:00pm - 0 comments

What else are the Banks hiding?

 The bankers got away with dumping the toxic mortgages on to the tax payer, how will they get rid of this mess? Tax payer bailout again...They managed to give the money back afterwards. Saying they don't want to live by the rules of the government ...

Forum topic - investorzzo - Mar 27 2009 - 2:09pm - 1 comment

It’s Time for a New Monetary System

With the federal bailouts of the financial system and the recession, the debt load has increased by $4 trillion in the last six months.  What are we going to do with even more debt coming? ...

Forum topic - investorzzo - Mar 26 2009 - 5:45pm - 7 comments

The U.N., China Want to Ditch the Dollar

 Earlier Monday, China’s central bank governor, Zhou Xiaochuan, offered a bold proposal to overhaul the global monetary system and replace the dollar with the IMF SDR (Special Drawing Right). ...

Forum topic - investorzzo - Mar 23 2009 - 6:21pm - 0 comments

How Are We Going to Pay for All of This Stimulus?

 Dollar collapse is in the cards............ http://seekingalpha.com/article/126916-how-are-we-going-to-pay-for-all-o... (Current News & Events, children, Debt, insanity, Must Read)  Dollar collapse is in the ...

Forum topic - investorzzo - Mar 19 2009 - 10:06pm - 0 comments

Whats another 1.5 Trillion?

 The printing presses will be working 'round the clock to fund purchases of up to $300 billion in long-term Treasuries over the next six months which, in combination with an increase in purchases of mortgage backed securities and agency debt ...

Forum topic - investorzzo - Mar 18 2009 - 6:07pm - 1 comment

The FDIC: as Rock Solid as Social Security

 We all should be painfully aware by now that there is nothing held inside the Social Security and Medicare trust funds but a bunch of IOUs. http://www.financialsense.com/fsu/editorials/delta/2009/0316.html (Current News & Events, ...

Forum topic - investorzzo - Mar 16 2009 - 5:54pm - 0 comments

China et al: hidden agendas?

What if the US is working with China and other large US Treasury debt holders on some unknown agenda, and part of this agenda involves the US going into a huge amount of debt?  I started thinking about this because of the talk lately of what China (and ...

Forum topic - brjohnson789 - Mar 16 2009 - 8:51am - 3 comments

China "worried" about US Treasury holdings

China 'worried' about US Treasury holdings http://news.yahoo.com/s/ap/20090313/ap_on_bi_ge/as_china_us_economy   Re: China "worried" about US Treasury holdings If China can see risks to a decline in the ...

Forum topic - Rob Z - Mar 13 2009 - 2:51pm - 1 comment