Wrong Turn Posted January 30, 2012 Share Posted January 30, 2012 Was the allied fighting in World War 2 a failure? Something that crackpot Ron Paul was against. Something about his lack of interest in saving Jews. I'd have been against it too, and our involvement in WWI. You were born into a paradise and you just can't stand it that it's not a sewer like practically everywhere else. Maybe because you allegiance lies elsewhere? Lots of people made lots of money going to war. America got into lots of debt over it. So what changed Other than hanging some new paper on new debtors I mean? I see it the way you do, lannarebirth. We've been conditioned since elementary school that entering the European theater was the right thing to do. Hitler and Stalin was awful. The US aided Staling. Lots of money made during WWII and it provided the rise of the Military Industrial-Complex, US Hegemony, the US Dollar as the world currency reserves, and unleashed expansion of American Empire interest. WWII gave gave birth to it. Link to comment Share on other sites More sharing options...
BlackJack Posted January 31, 2012 Share Posted January 31, 2012 Australia's largest trading partner is China "Linen House executive director Gordon Duncan told the Australian Financial Review this morning he believes his company will begin moving away from American dollars to yuan within the next 12 months, and is even speaking with ANZ about it." ANZ is one of our banks - possibly opening a branch in Thailand soon Now wait till RIO and BHP do the same. Link to comment Share on other sites More sharing options...
Naam Posted January 31, 2012 Share Posted January 31, 2012 Now wait till RIO and BHP do the same. then what will happen? bar fines lower in Walking Street? Singha, Chang and Leo sold only against CNY? Thaivisa postings in Mandarin mandatory? Link to comment Share on other sites More sharing options...
churchill Posted January 31, 2012 Share Posted January 31, 2012 anyone else think we are on the edge here ... Either the Euro muddles through and the USD declines , markets rise etc .. as Bernanke indicated in his press conference or there is some event in Europe that triggers an almighty crash ...panic .. !! I think that they will be able to hold the markets together for now ( hence the rise of the Euro ) but are they! just kicking the can for an even bigger problem or will kicking the can give time for markets to heal ? listen .. Link to comment Share on other sites More sharing options...
midas Posted January 31, 2012 Share Posted January 31, 2012 anyone else think we are on the edge here ... Either the Euro muddles through and the USD declines , markets rise etc .. as Bernanke indicated in his press conference or there is some event in Europe that triggers an almighty crash ...panic .. !! I think that they will be able to hold the markets together for now ( hence the rise of the Euro ) but are they! just kicking the can for an even bigger problem or will kicking the can give time for markets to heal ? listen .. Link to comment Share on other sites More sharing options...
Naam Posted February 1, 2012 Share Posted February 1, 2012 I think that they will be able to hold the markets together for now ( hence the rise of the Euro ) but are they! just kicking the can for an even bigger problem or will kicking the can give time for markets to heal ? the markets may temporarily heal, but healing the markets does not solve the debt problem of many countries. even extreme haircuts (lowering sovereign debt by 70-80%), as proposed for Greece, does not solve the Greek problem! Link to comment Share on other sites More sharing options...
flying Posted February 1, 2012 Share Posted February 1, 2012 (edited) but healing the markets does not solve the debt problem of many countries. The 15+ Trillion dollar (USA) question Edited February 1, 2012 by flying Link to comment Share on other sites More sharing options...
churchill Posted February 1, 2012 Share Posted February 1, 2012 I think that they will be able to hold the markets together for now ( hence the rise of the Euro ) but are they! just kicking the can for an even bigger problem or will kicking the can give time for markets to heal ? the markets may temporarily heal, but healing the markets does not solve the debt problem of many countries. even extreme haircuts (lowering sovereign debt by 70-80%), as proposed for Greece, does not solve the Greek problem! Seems like a European problem , with Greece as one part -- The solution is for the creation of the United States of Europe with a European Fed of sorts ? hence the kicking ... Link to comment Share on other sites More sharing options...
Naam Posted February 1, 2012 Share Posted February 1, 2012 I think that they will be able to hold the markets together for now ( hence the rise of the Euro ) but are they! just kicking the can for an even bigger problem or will kicking the can give time for markets to heal ? the markets may temporarily heal, but healing the markets does not solve the debt problem of many countries. even extreme haircuts (lowering sovereign debt by 70-80%), as proposed for Greece, does not solve the Greek problem! Seems like a European problem , with Greece as one part -- The solution is for the creation of the United States of Europe with a European Fed of sorts ? hence the kicking ... if you think that problem is only a European one then you haven't done your homework Churchill. Link to comment Share on other sites More sharing options...
waza Posted February 1, 2012 Share Posted February 1, 2012 I think that they will be able to hold the markets together for now ( hence the rise of the Euro ) but are they! just kicking the can for an even bigger problem or will kicking the can give time for markets to heal ? the markets may temporarily heal, but healing the markets does not solve the debt problem of many countries. even extreme haircuts (lowering sovereign debt by 70-80%), as proposed for Greece, does not solve the Greek problem! Seems like a European problem , with Greece as one part -- The solution is for the creation of the United States of Europe with a European Fed of sorts ? hence the kicking ... if you think that problem is only a European one then you haven't done your homework Churchill. Its a western world problem, lucky Australia is part of asia, Link to comment Share on other sites More sharing options...
midas Posted February 1, 2012 Share Posted February 1, 2012 Its a western world problem, lucky Australia is part of asia, no it's not http://online.wsj.com/article/SB10001424052970204624204577182424205452462.html Link to comment Share on other sites More sharing options...
lannarebirth Posted February 1, 2012 Share Posted February 1, 2012 if you think that problem is only a European one then you haven't done your homework Churchill. Its a western world problem, lucky Australia is part of asia, What's that, an inclusion of convenience? Trying to bring the Asian IQ score down? Link to comment Share on other sites More sharing options...
churchill Posted February 2, 2012 Share Posted February 2, 2012 Fun and games in Brussels Link to comment Share on other sites More sharing options...
ronz28 Posted February 3, 2012 Share Posted February 3, 2012 ISDA calling the Greek default a non credit event/default is such a massive weaseling out of a contract by the issuers of the CDS (5 banks/ISDA) I don't understand how the holders of CDS would let such a determination stand???? Link to comment Share on other sites More sharing options...
Jingthing Posted February 3, 2012 Share Posted February 3, 2012 Now injecting a voice of reason from the Fed over rigid reactionary damaging ideology: http://www.washingtonpost.com/business/economy/fed-chief-warns-congress-against-hampering-growth-while-cutting-debt/2012/02/02/gIQA2YEjkQ_story.html Fed chief warns Congress against hampering growth while cutting debt Link to comment Share on other sites More sharing options...
flying Posted February 3, 2012 Share Posted February 3, 2012 (edited) Some folks cannot understand that government spending what they dont have & later asking citizens to pay for it does not equal growth. Benny Shalom Bernanke is a bit of a contradiction He knows enough to say... Bernanke urged Congress to put a priority on finding a sustainable level of federal spending over coming decades. An idiot would guess he means something that balances revenues & debt a bit better than we have been Yet he will also throw in the but, but, but.....We here at the Fed Reserve look forward to profiting greatly from your overspending Supporting growth now, he said, because it “will lead to lower deficits and debt in coming years.”.....& yet here we are at the result of just such actions of over spending....unfunded wars....yada yada yada So this is lower deficits? http://www.usdebtclock.org/ Edited February 3, 2012 by flying Link to comment Share on other sites More sharing options...
Jingthing Posted February 3, 2012 Share Posted February 3, 2012 ... Benny Shalom Bernanke is a bit of a contradiction ... Clearly a good Mormon. I feel safer now!"I don't care about the very poor." Priceless! Link to comment Share on other sites More sharing options...
flying Posted February 3, 2012 Share Posted February 3, 2012 ... Benny Shalom Bernanke is a bit of a contradiction ... Clearly a good Mormon. I feel safer now!"I don't care about the very poor." Priceless! Yah got that one backwards..........They dont care about the poor & would like to add a another link/generation or two in the chain that binds them Link to comment Share on other sites More sharing options...
Jingthing Posted February 3, 2012 Share Posted February 3, 2012 They. Who is they? Link to comment Share on other sites More sharing options...
metisdead Posted February 3, 2012 Share Posted February 3, 2012 A post containing a link to an anti-semtic conspiracy theory website has been removed. Totally off topic to this topic. Link to comment Share on other sites More sharing options...
Naam Posted February 3, 2012 Share Posted February 3, 2012 They. Who is they? Papua New Guinea head hunters... i think Link to comment Share on other sites More sharing options...
Naam Posted February 3, 2012 Share Posted February 3, 2012 ISDA calling the Greek default a non credit event/default is such a massive weaseling out of a contract by the issuers of the CDS (5 banks/ISDA) I don't understand how the holders of CDS would let such a determination stand???? the planned retroactive CAC (Collective Action Clause) will let such a determination stand. Link to comment Share on other sites More sharing options...
midas Posted February 3, 2012 Share Posted February 3, 2012 They. Who is they? Papua New Guinea head hunters... i think Link to comment Share on other sites More sharing options...
Jingthing Posted February 3, 2012 Share Posted February 3, 2012 The point the esteemed Mr. Bernanke was making, of course, is that ideologically based aggressively attacks on the debt right now during the time of a very fragile recovery for a historically bad economic downturn is exactly the WRONG strategy as that will probably KILL the recovery. Of course ideologically based right wingers don't actually care about the additional massive human suffering that outcome would bring. Link to comment Share on other sites More sharing options...
manarak Posted February 3, 2012 Share Posted February 3, 2012 Some folks cannot understand that government spending what they dont have & later asking citizens to pay for it does not equal growth. This. Exactly. That's what socialists do. Link to comment Share on other sites More sharing options...
Jingthing Posted February 3, 2012 Share Posted February 3, 2012 Some folks cannot understand that government spending what they dont have & later asking citizens to pay for it does not equal growth. This. Exactly. That's what socialists do. Like Reagan? Link to comment Share on other sites More sharing options...
lannarebirth Posted February 3, 2012 Share Posted February 3, 2012 The point the esteemed Mr. Bernanke was making, of course, is that ideologically based aggressively attacks on the debt right now during the time of a very fragile recovery for a historically bad economic downturn is exactly the WRONG strategy as that will probably KILL the recovery. Of course ideologically based right wingers don't actually care about the additional massive human suffering that outcome would bring. Was that his point, really? http://www.businessinsider.com/ugh-ben-bernanke-will-says-the-worst-possible-thing-in-his-new-testimony-2012-2 Link to comment Share on other sites More sharing options...
manarak Posted February 3, 2012 Share Posted February 3, 2012 Some folks cannot understand that government spending what they dont have & later asking citizens to pay for it does not equal growth. This. Exactly. That's what socialists do. Like Reagan? A fair point. Maybe I should narrow down to Keynesianist socialists. Link to comment Share on other sites More sharing options...
Jingthing Posted February 3, 2012 Share Posted February 3, 2012 Speaking of Reagan the darling dead guy of the tea party and the demigod of the republican party, no we don't need a resurrection of Reagan voodoonomics! Why the GOP should stop invoking Reaganomics http://www.washingtonpost.com/opinions/why-the-gop-should-stop-invoking-reaganomics/2012/01/31/gIQAQRb6mQ_story_1.html “Low interest rates are generally a sign that money has been tight,” economist Milton Friedman wrote in 1997. Yet, absurdly, Republicans continually berate the Federal Reserve for being too easy; some even insist, insanely, that the United States should return to the gold standard, even though it was a key cause of the Great Depression. Link to comment Share on other sites More sharing options...
flying Posted February 3, 2012 Share Posted February 3, 2012 The point the esteemed Mr. Bernanke was making, of course, is that ideologically based aggressively attacks on the debt right now during the time of a very fragile recovery for a historically bad economic downturn is exactly the WRONG strategy as that will probably KILL the recovery. Of course ideologically based right wingers don't actually care about the additional massive human suffering that outcome would bring. Such drama ....It is always all or nothing with you. Either that or you have to try & turn it into a false claim. False like anyone with a mind to stop the madness is somehow in love with past right or left wing Presidents who helped create it. Yet there are many in America like myself who are fawning over neither left nor right. There are some who see the folly of all the BS associated with those who like to get America to think they have a choice called left or right. Which is why you spout the rhetoric of ATTACKING the debt being exactly the wrong thing to do. Yet you do not even consider that some might actually believe in repair....repair that starts with not growing the debt in any further crazed steps masked with the word recovery. Masked with the threat of massive human suffering. Instead some folks think to at least stop digging the hole that has caused the suffering. Stop spending on stupid unfunded wars that cause suffering, Shrink a bloated illogical government that has caused suffering, loss of rights & liberties. None is talking about ATTACKING the debt. They are talking about at least controlling the bleeding. If that is possible only then would we talk about stitching up the gaping wound/repaying the debt There are many ways to start reducing the blood loss....Increasing the problem that caused the suffering is not one of them If not then as LB's article said Bernanke is just basically endorsing the "U.S.-could-be-Greece" line Link to comment Share on other sites More sharing options...
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