Most Wanted
08-27-2007, 08:39 AM
Пожалуйста прокоментируйте , кто что думает о написаном .
Мне кажется , эта мысль имеет sense ...
...There is almost zero interest in the us dollar which at this point is over priced toilet paper just like almost every other currency in socialist countries. The more socialism the less the currency is worth. The us has been marching along this path and in the last few years smart money realized that the dollar, because of no interest and the overpricing of this money started buying "things". In europe the first "things" that people have historically bought was gold. In the usa it's real estate. The government has spent this country ( with the vast majority of the people begging and whining for even more spending ) into a scenario where it is NOT POSSIBLE to "grow" out of debt. Not without a massive correction in the very economic foundations which starts with real estate. The party had to end and end it has.
Further,when the euro was released in the 90's it added a competition to the dollar. Wait till the chinese yuen is convertible worldwide. That country is marching in a different direction now and taxes there are in many cases LESS than what they are here which is one reason that along with other costs associated with doing business business moves there . One would be a fool to open any kind of manufacturing in the us at this point, hence growing isn't in the forseeable future.
Further still is come january 2008 the first wave of baby boomers of which there are 70+ million, will be standing in line getting their socialist security checks. There is NO MONEY to pay that. Hence the government in it's infinite wisdom will be printing even more and borrowing even more since it has to come from somewhere. Main source of lending? China. If you were the Chinese, what interest rate would you demand?
Meanwhile we have a government hell bent on making as many enemies around the world as possible and some are wondering when the real estate business is going to turn around?
Boys and Girls, get ready for the longest recession in history.
Мне кажется , эта мысль имеет sense ...
...There is almost zero interest in the us dollar which at this point is over priced toilet paper just like almost every other currency in socialist countries. The more socialism the less the currency is worth. The us has been marching along this path and in the last few years smart money realized that the dollar, because of no interest and the overpricing of this money started buying "things". In europe the first "things" that people have historically bought was gold. In the usa it's real estate. The government has spent this country ( with the vast majority of the people begging and whining for even more spending ) into a scenario where it is NOT POSSIBLE to "grow" out of debt. Not without a massive correction in the very economic foundations which starts with real estate. The party had to end and end it has.
Further,when the euro was released in the 90's it added a competition to the dollar. Wait till the chinese yuen is convertible worldwide. That country is marching in a different direction now and taxes there are in many cases LESS than what they are here which is one reason that along with other costs associated with doing business business moves there . One would be a fool to open any kind of manufacturing in the us at this point, hence growing isn't in the forseeable future.
Further still is come january 2008 the first wave of baby boomers of which there are 70+ million, will be standing in line getting their socialist security checks. There is NO MONEY to pay that. Hence the government in it's infinite wisdom will be printing even more and borrowing even more since it has to come from somewhere. Main source of lending? China. If you were the Chinese, what interest rate would you demand?
Meanwhile we have a government hell bent on making as many enemies around the world as possible and some are wondering when the real estate business is going to turn around?
Boys and Girls, get ready for the longest recession in history.