TheRumpledOne
6,411 posts
msg #100346
- Ignore TheRumpledOne |
4/21/2011 10:42:34 AM
IN MY INBOX TODAY
April 21, 2011
It's GAME OVER For the US
If the US were a company, it'd be bankrupt.
FoxNews published a WHOPPER of a story yesterday, though it somehow has not caught the attention of most people. If you have issues with Fox them at the door for a moment and simply focus on the numbers.
For the first time since the Great Depression, the US is now officially paying out more in benefits than it takes in via tax receipts.
If the US were a company, it'd be spending more in salaries than it makes in sales. Aside from being unprofitable, it's also got a MASSIVE debt load. And it's current policy of paying out more than it makes only increases this debt load... which begs the question... who's going to pay the interest payments on the debt?
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aziam
24 posts
msg #100349
- Ignore aziam |
4/21/2011 1:38:28 PM
Game over.? No way, its just begun......... but it is a different game
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jthelen
29 posts
msg #100350
- Ignore jthelen |
4/21/2011 2:12:41 PM
The dollar's valuation is bearing the brunt of all this...while world citizens pay in devalued currency, only a select minority navigate the maelstrom and emerge with real gains..."skilled traders" I think they are called.
JT
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TheRumpledOne
6,411 posts
msg #100455
- Ignore TheRumpledOne |
4/28/2011 11:56:35 AM
In my inbox today:
April 28, 2011
Bernanke Has Officially Killed the Dollar
Yesterday, Bernanke staged a "conference" answering "questions" from "journalists." It's striking that the man with the most power in the world would be handled with kid gloves. After all, if he's in charge of directing the world's reserve currency, surely he could answer a few hardball questions about his insane policies.
However, instead of holding this miscreant accountable for his monetary madness, the "journalists" let him prattle on with his meaningless drivel.
The markets, on the other hand, read through his BS. Soon after the conference the US Dollar collapsed to a three year low.
At this point, there is only one line of support left for the US Dollar. That's one line, standing between us and the abyss of all-time lows: a point at which there is no support left.
Gold and Silver also bounced back after having been slammed by various suppression schemes last week. All those, "the rally is over," folks got shanked in the ribs as Gold hit a new all-time high and Silver retraced almost all of its former losses in a few hours.
In other words, the great inflationary collapse of the US Dollar is in full effect. Again, there is only one line of support left for the greenback. If Bernanke was going to do ANYTHING to support the Dollar, yesterday was the day for him to have done it. Instead, we're going to enter a mega-inflationary collapse.
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