Now I feel better … for a moment there I thought that those in charge didn’t know what they were doing:
Related:
Julian Robertson is a much respected fund manager … when he gives a warning, it’s best to sit up and take notice:
Well, I– I– I think that– it’s almost Armageddon if the Chinese and Japanese don’t buy our debt. I don’t know where we could get the money. And– maybe we– end up printing it– and– taking– a million dollar bill– bill to the grocery– shop, which you have to do now in Zimbabwe. But– I– I think we’ve let ourselves get in– in terrible situation. And I think we ought to try to get out of it.
ERIN BURNETT: Do you think we can grow our way out of it?
JULIAN ROBERTSON: I think we can grow and save our way out of it. And– and– and I think that’s– the only way we’re gonna have that threat removed. I– I wonder what some of the Congressman who have been so upset about– financial leaders– I– I– I wonder what they think of– of the leadership of the country that’s permitted these very speculative– policies. I mean, it’s amazing. And we’re totally dependent on the Chinese and Japanese.
Well if ya can’t beat the American military, pick another strategy and beat them financially.
Then, when America is weak and confused, make your demands stick.
China will re-own Taiwan within ten years and won’t have to fire a shot.
Danny Kaye was a better inspector general. what a complete washout this one is.
I am continually surprised at how stupid Americans have become to allow the disgustingly evil and incompetent leadership they currently enjoy.
I hope Canada doesn’t get caught in the vortex that is sucking America down to the bottom of the heap.
Americans used to be the smartest and richest country in the world, they they got doused with Liberalism.
Let us all pray.
Momar: “I hope Canada doesn’t get caught in the vortex that is sucking America down to the bottom of the heap.”
And how are we to avoid it? Inevitable, I think.
Momar;
If America goes down the pipe, so do we. No way around that, not with 45% of our economy being exports and 85% of that being to the US. If they get hit hard enough and stop buying our goods, we are going to be in the really deep stuff.
I saw this awhile ago.
“No… I don’t know who received the xxx trillion dollars”
It was that easy?
Is she still employed by the government?
And what is Grayson doing now?
Well, that is one Inspector General that will never need to be worried about being fired by Obama.
Canada will face enormous difficulties from the fallout in the United States, but that doesn’t mean that Canada has to follow the United States down the drain. Certain segments of the economy and regions of the country will face severe hardships, but they will be temporary and if we can last through several years of this hardship without losing our heads we will come out the other side better for it.
it seems that, as long as no one is counting the losses, those loses haven’t occurred.
So, in 13 months, with a new congress, will anyone then count those losses? ’cause I don’t think they’re going to go away on their own. It’s just that, those are going to be some big numbers. At some point, will they start using notation to indicate losses?
If the US goes in the tank and the dollar sinks badly compared to the Canadian than we are done. Than the talking points will come out about a North American Union under one curency with Canada,US and Mexico. This has been the goal for a long time for one world government. This is what I feel Iggy was sent up here to accomplish while he holds out for the shit to really hit the fan. Remember who his friends are in the States. I may be wrong but thats the hunch I get.
There is a simple answer to the problem. Give China a 100 year lease on running California, Oregon, and Washington including state finances for 50% of their American dollar debt with an option to expropriate anything they want at fair market value up to 40% of their remaining dollar debt in New York, New Jersey, Pennsylvania, and Mass. Problem solved.
Of course west coast residents could not vote in any elections or sell or take anything with a value of more than $50 out of their state without permission if they chose to apply for an exit visa to the USA during the term of the 100 year lease.
http://www.susanpolgar.com/parade080705.pdf
we need very very very smart men and women who are accoutable to run government
PLUS
thos smart people able to all kind of people
such as dumb people criminal and bad and good peoeple and realistic to best for people
We need good mayor for Toronto for next election not ordinary or crook or I do not care or sel city to other free
to use money for restruct city in more balance short and long term
eacn person has responsible to do so
hire more engineer in mix with good lawyer nd good ecomonics to work together
http://www.listafterlist.com/tabid/57/listid/11187/Education++History/Smartest+People+Ever+The+People+with+the+Highest+IQs+in+History.aspx
how to recruit those smart people
who know at least 10 subject well and know other subject in normal data since nobody can be understand every subject at once this is take time spending and environment you are in
NOt every problmes in city is because the person is corrupted but also this caused and because the person is dumb and not know what is going on and / or trust every body so quickly and not innovate new systems to develop
It reminds me of Geordi LaForge doing a level three diagnostics on somethingorother piece of equipment… just a bunch of made up bafflegab.
—-
so if they have no authorization to do audits, then what do they do?
In a dusty old book I’ve got sitting on the shelf I recall these words. “Owe nothing to anyone except to love one another”.
I always thought that sage advice applied to individuals but who would have thought that it applies to corporations and nations as well.
Of course nations and corporations are made up of individuals so….. Hey who put the fox in charge of the hen house?
If the American dollar tanks, all goods and services on the market become more expensive for Americans; including American manufactured goods because many of the materials are imported and workers will demand higher wages to compensate for high inflation. There will be a period there where companies struggle and fail because contracts are negotiated in American Dollars, but many companies will hedge against the falling dollar when making contracts today and will move towards using the Canadian dollar (or a non-American currency) to negotiate contracts in the future.
Or to put it another way, badly managed companies will probably fail in record numbers along with the fall of the American dollar; but the Canadian economy on the whole will hit bottom far sooner at a far higher level than the American economy if we don’t take stupid actions to follow them down.
In Christian circles, several American writers have wondered what role America has to play in the fulfillment of end-time prophecy. E.g. how is it that the armies of the world mass against Israel to destroy her? Will America have abandoned its support of Israel by that time? If not, then why is America so inconsequential; why does it bear no mention?
I think the answer is being worked out right before our eyes: the USA will be either be economically ruined and/or debtor to China. The Chinese et al will roll on Israel and America will be powerless to say “boo”.
And I just have to say, after watching the video, UN-FREAKING-BELIEVABLE. Who knew it would be so easy to steal $2 TRILLION!!
The U.S. is in big, big trouble, and doesn’t seem to realize it. Bush and Greenspan are just as much to blame for this as Obama and Bernanke. There is no recovery, just a temporarily re-inflation of an asset bubble accomplished by borrowing trillions of dollars.
Sooner or later the Chinese will wake up to the fact that the U.S. will never be able to repay these loans and will cut off the funds. That will provoke the real crisis, likely accompanied by hyperinflation and a collapse of the U.S. dollar. We could see a very serious depression and possibly the end of U.S. military operations in Afghanistan.
beli
“””Bush and Greenspan are just as much to blame for this as Obama and Bernanke”””
it’s a little more than just those, but I would venture that the likes of ZERO, have had a lot more input to this situation than some one like Bush. The problem is a cultural mindset of entitlement in which the lefties play a much larger roll than conservatives, you know, the like of lawyer like hussein suing banks to “easy” loan rules to those who should not borrow, just because of their skin color. This entitlement of the useless was discussed in class over thirty years ago, so try going back to the likes of Jimmeee useless Cotta.
If Julian Robertson is such a famous fund manager then Julian Robertson should know that the Zimbabwe dollar is worthless and the country is using South African rand as their currency and some Botswana pula.
This is my right haymaker to the corporate skum that have screwed things up, and for the obvious reason—-NO ACCOUNTABILITY—
I think GYM and Shawn have some merit to their remarks.
The ACORN lawyer and Clinton authored this mess and those that were depended upon to be adults either reneged or lined their pockets in the process.
The major problem is this deficit—but much like GW it exists mostly in the computers.
The obscenely huge stimulus is at this point a budget/plan and fortunately the money is not yet spent…..this is why the dollar has not collapsed YET.
I am not optimistic for a peaceful solution to this. Matters are coming to a head rapidly. Congress-critters have the ability to interdict this—regardless of nominal party affiliation.
My suspicion is that OBOZO’s unwavering support in Congress is extremely thin…..and regime change will not have to wait until 2012 or even 2010….
Grey was shocking – whispering in cover your ass bureaucratese. To ride out the coming storm our one ace in the hole is Harper. Please get a majority.
She’s either totally incompetent and doesn’t know her ass from a hole in the ground, or else deceitful in the extreme. I suspect it is the latter, but it could be a combination of the two.
Not only is Obummer in way over his head relative to his job description it appears that many of his lieutenants are in way over theirs too.
Start the impeachment hearing now please.
The U.S. dollar won’t tank…the Japanese and Chinese are holding so much debt that they can’t afford to let it collapse.
Momar, you seem to know alot about my country.
Do you remember the Carter and Clinton years ? If you do then you know we can straighten this out in 2010, especially now that ACORN is under the microscope.
But, let’s be real, Big Oil is what broke America. The middle-class can’t afford a $400 dollar/month carnote with $400 a month gas bill, plus throw in $100 bucks/month for Insurance and that’s $1000 bucks a month to just drive around, $2000 if you have 2 vehicles. I mean comon.
It’s stalemate now. For years the American Public thought the Big 3 were in cahoots with Big Oil, and surely they would not sale us these big V-8’s and then turn right around and raise gas prices, but damn, they did, and the bottom fell out.
We now know they will sacrifice the consumer, the country and our very existence for profit. I seriously predict the American economy will not recover till HBO is gone, or the Republicans take one of the Houses.
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