ocean conditions are changing due to Rapid Global Climate Shift

The US is short about a billion a day, so that is printed and sold as bonds hence you sort of get a billion a day of funding till...
you cant pay the interest on the bonds
or
people stop buying your bonds because they are worthless

The US voter needs another dose of Ross Perot and few words from T Boone Pickens
to explain the facts of life

The really bad side will be if the US defaults you can be sure oil will be priced in another currency and you will not be able to afford to buy any so that part of your house needs to get sorted.
But that will mean with less oil and economic output the US will be top of the class in CO2 reduction

 

Strangely enough, the rest of the world still lines up to buy US bonds and notes. Wonder why, if it's all just a house of cards getting ready to collapse? And why did S & P's much ballyhooed downgrade have such a negligible effect?

There are a lot of internet experts out there automatically labeling debt the work of the Devil. It isn't; it's a tool to be used like any other. You can build good things with it, or you can create garbage.

How many people in this country would own a home if they had to pay cash for it? Precious few....

 

By the way, I know it's fashionable lately to accuse Obama of ducking responsibility for the state of the Union by blaming Bush, but let's get real here: the man has a valid point. He warned us when he took office that the country had dug itself into a deep hole, and it would take time to climb out of it.

We're still slowly climbing out, in spite of the fact that the entire Republican apparatus apparently decided from day one that its primary reason for being was to destroy Obama's effectiveness and make him a one-term president.

Do people realize how they spend their time in Washington? Since Obama signed the Affordable Health Care Act (or Obamacare, if that's the word you like), the Republican-controlled House of Representatives has voted 33 times to repeal or defund all or part of it -- while knowing full well any such efforts wouldn't get past the Senate, and Obama would veto any that did.

Don't you think they could have been doing something useful, instead?

 

Troy
Yes there are 2 sides to it.
1. What is the US building with the debt?
2. Where do you end up if you need to borrow to pay the interest on your home loan?
25 yr home loan is easy as inflation whittles away with the real value you need to repay unless you fall into number 2 above.
If banks are drowning in cash around the world you get the 2nd loan above but the odds of it being repaid...

 

I havnt verified this but;

A recent "Investor's Business Daily" article provided very
interesting statistics from a survey by the United Nations International
Health Organization.

Percentage of men and women who survived a cancer five years
after diagnosis:

U.S. 65%

England 46%

Canada 42%


Percentage of patients diagnosed with diabetes who received
treatment within six months:

U.S. 93%

England 15%

Canada 43%


Percentage of seniors needing hip replacement who received it
within six months:

U.S. 90%

England 15%

Canada 43%


Percentage referred to a medical specialist who see one within
one month:

U.S. 77%

England 40%

Canada 43%


Number of MRI scanners (a prime diagnostic tool) per million
people:

U.S. 71

England 14

Canada 18


Percentage of seniors (65+), with low income, who say they are
in "excellent health":

U.S. 12%

England 2%

Canada 6%


And now for the last statistic:


National Health Insurance?

U.S. NO

England YES

Canada YES

Check this last set of statistics!!

The percentage of each past president's cabinet who had worked
in the private business sector prior to their appointment to the cabinet.


T. Roosevelt.................... 38%

Taft.................................. 40%

Wilson ........................... 52%

Harding........................... 49%

Coolidge......................... 48%

Hoover ............................ 42%

F. Roosevelt................... 50%

Truman........................... 50%

Eisenhower................ .... 57%

Kennedy......................... 30%

Johnson.......................... 47%

Nixon.............................. 53%

Ford................................ 42%

Carter............................. 32%

Reagan........................... 56%

GH Bush......................... 51%

Clinton .......................... 39%

GW Bush........................ 55%

Obama..................... 8%


This helps to explain the incompetence of this administration:
only 8% of them have ever worked in private business!

That's right! Only eight percent---the least, by far, of the
last 19 presidents! And these people are trying to tell our big
corporations how to run their business?

How can the president of a major nation and society, the one
with the most successful economic system in world history, stand and talk
about business when he's never worked for one? Or about jobs when he has
never really had one? And when it's the same for 92% of his senior staff
and closest advisers? They've spent most of their time in academia,
government and/or non-profit jobs or as "community organizers." They should
have been in an employment line.

Pass this on because we'll NEVER see these facts in the main
stream media.

 

Here's a snip of the cover for Filger's Hillary Nude book, written back when she was running for President. Couldn't quite squeeze it all in, but I got most of it.

Seriously, is this the writer we should turn to for sober assessments of Fed policy?

 

This election is the first that I can remember where non Americans overseas are concerned at where the US might go after this election if the economic management stays the same as it is now.
Meaning Bush may have done some damage but Obama has not fixed anything or worse has made it worse.

 

A quick fix would be swell, but it's not real realistic.
Gosh it makes me sad the Greeks won't be able to retire in their 50s with full pensions if we don't get it together.

 

Some interesting and relevant questions, powerboat. And I'm certainly not a financial expert. But the US is running the country with the debt, just like my wife runs the household with credit cards. Of course, she tries to keep the book balanced in the long run.

Borrowing just to pay the interest on a home loan? Maybe not a good idea. But I've signed on the dotted line before to consolidate our first and second mortgages, and pay off some miscellaneous debt while we were at it. One of the smartest things I ever did, but I suppose you could label it 'going into debt to pay off debt.....

I do gettired of the bloggers and posters online who believe they're so much smarter and better qualified to run the Fed than Bernanke is. He may be right and he may be wrong; history will show us. But somehow I doubt he's the incompetent fool or sinister plotter he's made out to be.

 

Ummm... other countries have always been interested in our elections, and what the US might do depending on who wins. And from what I gather by reading foreign articles online, Romney worries them more than Obama does.

Among other things, they believe that Romney is out of touch with reality. They think he's living in the past and trying to revive the cold war with the Soviet Union, when he labels Russia our number one geopolitical foe.

And so do I. Hello? Have any of Romney's aides mentioned China to him?

And I take serious issue to the claim that Obama hasn't 'fixed' anything. I believe TARP saved us from a bottoming out that could have made the Great Depression look like a minor blip. I believe the thousands of jobs saved when he bailed out the auto industry and returned it to profitability were worth saving. And whether you like the way he did it or not, at least he tackled our burgeoning healthcare financial crisis head-on, realizing that otherwise it was going to suck the country dry.

Not to mention the

 

Debt has many facets, borrowing at today's low rate to pay off yesterdays higher makes sense and everybody does it. Just keep your eye on the real cost of the cash you are paying today, inflation is the friend of those with debt.
Look at debt as a percentage not as a figure, i.e 50 years ago I owed 10k today I owe 500k, thats about the same problem but what percentage of your income are the repayments then and now and whats the rate of inflation? ( not to mention if that debt was an asset hows it value/earnings doing?)

Election, I don't think there a 2 winners fighting it out, its the other choice which seems to happen more and more these days.
With lower voter turn out in most countries there's the reason.
TARP did start with Bush I thought? mind you the crisis also massively helped by government policy

Yes I agree with the auto bailout (details might be different) but would have been done by any leader, huge votes in it and it allowed them to remove the health care problem that has helped destroy many financially viable companies.
The pensions were costed and funded but health costs are unknown

Not quite sure what to make of the US gov healthcare issue, its seems to have made as many people angry as pleased and the US system is/was very inefficient in that a very small percentage of the cash is actually spent on doctor patient.
On of my Uncles was a plastic surgeon in TX and he paid 75% of his turnover as insurance, unheard of elsewhere in the world, now transfer that system to government funding..ouch

Last time I was chatting at the bar in Houston (I seem to be there once a month lately) half the people were more concerned with gun control thinking gun control means no-one can have a gun, of course they all asked me being ozzie thinking no-one in OZ can have a gun but all we did was remove fully auto weapons and have tight control on who and what gun and where do you live and all the Police only shoot to kill as they dont get overtime for standoffs so they prefer to get down the pub or beach on time.
But they are concerned that the US doesn't appear to be climbing out of trouble even though Texas seems to be booming with the OnG sector going full steam ahead ( they havnt forgotten knee jerk obama shutting down drilling though).

 

Idiocy is a world-wide phenomenon. A sucker is born every minute. Shall I go on? Debt is the lender's tool. It allows him to charge 19% interest. Pay cash get the donut for 50 cents or charge it and pay 60 cents for the same donut. Senseless.

 

Yes. Yes, indeed.

 

The Euro Crisis Is Back From Vacation

 

What makes you think businessmen are any more qualified to run governments than politicians are to run big businesses?

They're two totally different sorts of organizations, you know: a CEO runs things from the top down, whereas a President has to push and pull and coax, compromise and jawbone to get things done; he has no direct authority worth mentioning in the long run.

I'd say his years of community organizing gave Obama a much heavier dose of experience with genuine democracy in action than the average businessman will ever run into. Which probably explains why he managed to run a successful campaign and get elected, then managed to do what Presidents from Truman on down failed to do: get Obamacare through both houses and signed.

Maybe the reason "we'll never see these facts in the mainstream media" is because they're basically irrelevant factoids...... you might as well try to judge a president by parsing the number of blondes, brunettes and bald heads in his cabinet.