How long can the shell game continue? (bankrupt, loans, debt)

[tallrick]

Isn't it funny how the Federal reserve has seemingly unlimited funds to prop up the dysfunctional economy, while the national debt shows that the US is heading toward insolvency. Do you think a time will come when the world realizes that the US economy is a ponzi scheme and all fuzzy numbers? Or has that time come already?

[evilnewbie]

Not yet... but one day...

[HappyTexan]

I need more time..I'm not ready yet. Just a bit more time to prep !

[evilnewbie]

You better not prepare... the liberals would confiscate it for the good of society to give to those who didn't prepare...

[StealthRabbit]

shhh ! this is a public forum,

we don't want to leak our little secrets

true we have a significant issue, BUT... there are a lot of problems to investing elsewhere in the world and not a good idea to invest and later get 'nationalized'.

I consider the biggest issue is the USA tolerating corruption and deceit in financial instruments, and screwing the presumably conservative USA investments of international investors. This will erode the direct foreign investment dollars flowing this way and we will not regain their trust for decades (If ever). We are shooting ourselves in the foot (again). This injury may be terminal.

[hello13685]

Isn't it the present conservative administration that's bailing out those who made bad investments (i.e., those who didn't prepare and manage their private businesses responsibly) with our tax money to the tune of over a trillion dollars at this point?

[StoneOne]

Originally Posted by hello13685

Isn't it the present conservative administration that's bailing out those who made bad investments (i.e., those who didn't prepare and manage their private businesses responsibly) with our tax money to the tune of over a trillion dollars at this point?

This is not a conservative administration. This administration, with the exception of Bush's one wise move in vetoing a terribly bloated farm bill, has never been about fiscal responsibility.

[StealthRabbit]

Originally Posted by hello13685

Isn't it the present conservative administration that's bailing out those who made bad investments (i.e., those who didn't prepare and manage their private businesses responsibly) with our tax money to the tune of over a trillion dollars at this point?

Not really bailing out the victim , but bailing out the criminal who perpetuated the crime

Definitely not bailing out the innocent victims from overseas (school retirees, many from W. Europe) whose pension managers bought US paper expecting it to be as advertised (Moody or S&P rated as secure). Those folks are not too pleased with the US anyway (oil pegged to USD rather than the EURO)

[KevK]

In the end we will be fine. People said this stuff in the 80s when the savings and loans all went belly up. The Fed jumped in and put that fire out and by the 90s we were going gangbusters again.

[Philip T]

Originally Posted by KevK

In the end we will be fine. People said this stuff in the 80s when the savings and loans all went belly up. The Fed jumped in and put that fire out and by the 90s we were going gangbusters again.

The only the US is really good at going gangbusters about anymore is debt.

1980's it was corporate debt,
1990's it was consumer debt.
2000's it has been mortgage, government and (more) consumer debt combined.

After everyone -- top to bottom -- gets their debt lines cut off. It will be game over and we will have to bankrupt and clear the mess. THEN for the survivors it might be fine.