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Old 08-23-2017, 04:32 PM
 
206 posts, read 94,027 times
Reputation: 321

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We never really recovered from the previous one. Obama was just peddling fiction when he was saying there was a recovery. Yes I said it!

Last edited by orionstars; 08-23-2017 at 05:00 PM.. Reason: recover to recovery
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Old 08-23-2017, 05:56 PM
 
Location: Boston
5,097 posts, read 1,457,239 times
Reputation: 3734
I do well no matter who the President is.
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Old 08-23-2017, 09:54 PM
 
8,021 posts, read 6,224,985 times
Reputation: 12004
Quote:
Originally Posted by orionstars View Post
We never really recovered from the previous one. Obama was just peddling fiction when he was saying there was a recovery. Yes I said it!
Do you have any evidence to back your claim or are you peddling nonsense based on blind partisanship?
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Old 08-25-2017, 10:23 AM
 
4,733 posts, read 2,259,491 times
Reputation: 8791
Quote:
Originally Posted by orionstars View Post
We never really recovered from the previous one. Obama was just peddling fiction when he was saying there was a recovery. Yes I said it!
True.

If you ignore enough major macroeconomic indicators it is quite easy to see that there was no recovery.
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Old 08-25-2017, 10:43 AM
 
Location: Fairfax County, VA
1,387 posts, read 601,896 times
Reputation: 2723
If you keep your eyes closed, it's always dark outside.
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Old 08-25-2017, 11:50 AM
 
Location: Prepperland
13,117 posts, read 9,205,456 times
Reputation: 8988
Default There is nothing to worry about - - -

There is nothing to worry about - - -

FEDERAL RESERVE NOTES
https://www.federalreserve.gov/RELEA...nt/default.htm
July 2017
M1 = $3,528.3 B; M2=$13,602.2 B
https://www.federalreserve.gov/faqs/currency_12773.htm
Q: How much U.S. currency is in circulation?
A: There was approximately $1.56 trillion in circulation as of July 12, 2017, of which $1.52 trillion was in Federal Reserve notes.
U.S. Population (2017) : 326,474,013
>>> $4,655 per capita <<<
In Circulation

Federal Budget (2017): $3.65 Trillion
<<< $11,180 per capita >>>
Being spent

There is nothing to worry about - - -

https://en.wikipedia.org/wiki/Financ..._United_States
The financial position of the United States includes assets of at least $269.6 trillion (1576% of GDP) and debts of $145.8 trillion (852% of GDP) to produce a net worth of at least $123.8 trillion (723% of GDP) as of Q1 2014.

There is nothing to worry about - - -

How can a nation with only 1.49 T paper dollar bills (or 13.5 T) get into debt for 145.8 T dollars?
And how can that debt be repaid, since dollar bills are worthless IOUs, collateralized by the 326 million enumerated human resources, who pledged their labor and property?
Does it sound like a gigantic FRAUD?

There is nothing to worry about - - -

What about the public debt, denominated in REAL dollars (gold)?
U.S. National Debt Clock : Real Time
$19.973 T as of August 24, 2017
(The dollar bill, being debt, is part of the national debt. Ergo, you cannot pay off this debt with dollar bills. To authorize more dollar bills, CONgress has to borrow them into existence, at usury. See: Title 12 USC Sec. 411.)

Pursuant to the *Coinage Act of 1792, et seq, the public debt computes to an obligation of 966,193,875,000 ounces (Troy) stamped into coin.
(*Double Eagle = coin containing 0.9675 ounce (troy) of gold bullion and other alloys. Equivalent to 20 unit dollars.)

https://en.wikipedia.org/wiki/Gold
... 2014 estimate that 183,600 tonnes of gold are above ground...
183,600 tonnes x 32151 =5,902,923,600 troy ounces
“We” owe 966 Billion ounces.
5.9 Billion ounces exist above ground.

There is nothing to worry about - - -
14th amendment, Section 4. The validity of the public debt of the United States, authorized by law . . . shall not be questioned.
There is nothing to worry about - - - but we cannot question the validity of the public debt, its relationship to the worthless IOU known as the Federal Reserve Note ("dollar bill"), the lack of evidence of gold coin being lent to CONgress to substantiate the public debt, and the mathematical impossibility of ever paying off the national debt, let alone all the private sector debt, that upon default, will forfeit the majority of all property and labor to the "Creditors" (whoever they may be).

Just be grateful that they let you regrow your skin after they repeatedly skin you alive. And don't forget to thank all those "trained and educated" eCONomists who blithely ignore the fact that usury (interest) is impossible to pay over the long term. Lastly, kiss the foot of the all wise and benevolent master, the banker, who rules us all in perpetual bankruptcy.
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Old 08-25-2017, 03:03 PM
 
4,310 posts, read 2,449,434 times
Reputation: 2424
Quote:
Originally Posted by jetgraphics View Post
There is nothing to worry about - - -

FEDERAL RESERVE NOTES
https://www.federalreserve.gov/RELEA...nt/default.htm
July 2017
M1 = $3,528.3 B; M2=$13,602.2 B
https://www.federalreserve.gov/faqs/currency_12773.htm
Q: How much U.S. currency is in circulation?
A: There was approximately $1.56 trillion in circulation as of July 12, 2017, of which $1.52 trillion was in Federal Reserve notes.
U.S. Population (2017) : 326,474,013
>>> $4,655 per capita <<<
In Circulation

Federal Budget (2017): $3.65 Trillion
<<< $11,180 per capita >>>
Being spent

There is nothing to worry about - - -

https://en.wikipedia.org/wiki/Financ..._United_States
The financial position of the United States includes assets of at least $269.6 trillion (1576% of GDP) and debts of $145.8 trillion (852% of GDP) to produce a net worth of at least $123.8 trillion (723% of GDP) as of Q1 2014.

There is nothing to worry about - - -

How can a nation with only 1.49 T paper dollar bills (or 13.5 T) get into debt for 145.8 T dollars?
And how can that debt be repaid, since dollar bills are worthless IOUs, collateralized by the 326 million enumerated human resources, who pledged their labor and property?
Does it sound like a gigantic FRAUD?

There is nothing to worry about - - -

What about the public debt, denominated in REAL dollars (gold)?
U.S. National Debt Clock : Real Time
$19.973 T as of August 24, 2017
(The dollar bill, being debt, is part of the national debt. Ergo, you cannot pay off this debt with dollar bills. To authorize more dollar bills, CONgress has to borrow them into existence, at usury. See: Title 12 USC Sec. 411.)

Pursuant to the *Coinage Act of 1792, et seq, the public debt computes to an obligation of 966,193,875,000 ounces (Troy) stamped into coin.
(*Double Eagle = coin containing 0.9675 ounce (troy) of gold bullion and other alloys. Equivalent to 20 unit dollars.)

https://en.wikipedia.org/wiki/Gold
... 2014 estimate that 183,600 tonnes of gold are above ground...
183,600 tonnes x 32151 =5,902,923,600 troy ounces
“We” owe 966 Billion ounces.
5.9 Billion ounces exist above ground.

There is nothing to worry about - - -
14th amendment, Section 4. The validity of the public debt of the United States, authorized by law . . . shall not be questioned.
There is nothing to worry about - - - but we cannot question the validity of the public debt, its relationship to the worthless IOU known as the Federal Reserve Note ("dollar bill"), the lack of evidence of gold coin being lent to CONgress to substantiate the public debt, and the mathematical impossibility of ever paying off the national debt, let alone all the private sector debt, that upon default, will forfeit the majority of all property and labor to the "Creditors" (whoever they may be).

Just be grateful that they let you regrow your skin after they repeatedly skin you alive. And don't forget to thank all those "trained and educated" eCONomists who blithely ignore the fact that usury (interest) is impossible to pay over the long term. Lastly, kiss the foot of the all wise and benevolent master, the banker, who rules us all in perpetual bankruptcy.
Do you think Tupac, JFK, and Elvis are plotting this all from a trailer park in Memphis?
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Old 08-30-2017, 08:01 PM
 
Location: Kansas City, MISSOURI
5,527 posts, read 1,659,914 times
Reputation: 4746
This guy here on Seeking Alpha has a good model that shows recessions arriving before they actually get here:
https://seekingalpha.com/author/geor...gular_articles

His latest update shows no recession showing up soon:
https://seekingalpha.com/article/410...august-24-2017

The key to watch in his model is the blue line at the bottom of the graph. Notice it starts falling pretty precipitously before the onset of a recession. Still going sideways as of now.

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Old 08-31-2017, 07:36 AM
 
732 posts, read 400,517 times
Reputation: 1092
Quote:
Originally Posted by orionstars View Post
We never really recovered from the previous one. Obama was just peddling fiction when he was saying there was a recovery. Yes I said it!
The so called economic recovery and growth is just an illusion and everyone knows it. This latest scam engineered by the Fed was artificially supported by artificially low interest rates, then QE, and now by dollar devaluation. Sadly there are 2 things supporting the market. Decreases in share counts by buyouts and corporate buybacks fueled with debt. And higher dividends and debt fueling unsustainable growth and valuations. It is uncertain how long this mix will last. The longer it does the weaker the US gets because money that used to go to working capital and capital investment is no longer going there.
Our broken monetary system that is distorting the free market is what is encouraging bad short term decisions by many and leading us all into a dark forest filled with lions, tigers, and a giant bear.
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Old 09-02-2017, 08:12 PM
 
8,561 posts, read 2,392,842 times
Reputation: 8146
People can chart and compare and throw around figures all they like....but...

I think they forget a couple things...or a LOT of things. It's a complex world.

The reason our economy works (to an extent) is because MOST OF US WANT IT TO WORK. Agreement among 100's of millions is a powerful force.

Also, many things can be true at one time. I am 100% in agreement that it can't go on forever this way. I am 100% in agreement that "they" are screwing the general public. This is not complicated...the reason that the pols and "conservatives" clamor for more debt and deficit (and TAX CUTS NOW) is they want the money...but the bills they prefer to be paid by regular folks at some undefined time in the future. This is also why the "status quo" enjoys the most expensive health care and military in the world....again, MONEY NOW FOR MANY, but the bills seems to never come due.

Cars and Real Estate are poor indicators for numerous reasons. Cars used to be a status symbol...they are not any more (maybe a Gold iphone is?). Cars last MUCH longer than before. People (myself included) don't keep them because we are broke...we keep them because they work to beat the band for at least 8-10 years and even longer.

Despite all the gloom talk, many Americans are enjoying simpler pleasures than before. No longer do a lot of the average families buy sail or motorboats - whereas back when a LOT did. These industries have almost disappeared. Maybe that is a good thing??? People go hiking, or kayaking, etc. - that would show decreased "economic activity".

It may be a Great Game, but for the vast majority of people there is only one question involved - will the game continue until I am no longer here?

I say that because I have a brother who is a genius. He has been telling me and showing me since 1979 how our economy and world is a complete ruse and how money is worthless and only Gold and Silver will save us.

Now it is almost 40 years later - I have money, he does not. So who was "right", the person who noticed that everything is screwed up...or, the person who just went day to day and played the game??

Of all the BS I spewed above - there is one point which is most important. That is - a number of things can be true at one time. People are so rigid that they think each thing must be this way or that way. Maybe so when you are looking at a microcosm of a particular issue. But in the big picture we all want to eat, we want a roof over our heads, we want leisure and happiness...and, so, we may just be able to pull it off in our lifetimes.
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