Sorry to break my silence to you, but I didn't want you to feel lonely.
I am so touched by your compassion. Fell free to quote all the UNQUOTES you wish. Who will ever check right. Remember the NEW YORK TIME. Quote and forget......
American Economy Going Strong ! Thank God !
by DebSmithLopez 53 Replies latest jw friends
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zeroday
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Simon
And why does that suprise me. I am nothing but a working stiff like you. I am a truck truck driver for God's sake. You don't get more blue collar than that and yet investing in the US STOCK MARKET my liquit assets grew by $23,000 in 2006. Did yours. Didn't think so. This is the greatest economy on the earth. If you want to discount it fine don't drag me down with you.
You seem to be confusing the stock market with the economy. They are not the same thing. Your economy is screwed. A lot of the stocks are global which is why they are worth investing in.
REALLY. THAT'S THE BIGGEST JOKE YOU HAVE POSTED SO FAR. OIL PRODUCERS SELL TO THE GREATEST MARKET ON EARTH AND THEY SHUN THE DOLLAR. WHAT DO THEY EXPECT TO BE PAID IN PESOS. YEA RIGHT.
Well, when Iraq said they intended to swith to Euros you went to war over it. Others have hinted that they could ditch the dollar too which would lead to it losing it's reserved status and poof ... yourt currency drops 30%. The dollar is at it's lowest to the pound for 14 or 15 years and crumbling against the Euro which is such a young currency that it's still in nappies.
As someone pointed out, you can't just print more dollars ... although it seems to be Bernanke's plan:
But the second thing that happened was Bernanke's genius mind game. So clever in fact, that I am only now appreciating the audacity of it. In his speech, he tells a story: Imagine that an alchemist has learned to make unlimited quantities of gold at no cost, he says. What would then happen to the price of gold, and when would it happen? The price of gold he tells us, would plummet immediately - before the alchemist produced a single ounce - because markets discount future events immediately. Economists the world over nodded in agreement. Yes, they said, this is so. Then Bernanke lays the punch line on us:
What has this got to do with monetary policy? Like gold, U.S. dollars have value only to the extent that they are strictly limited in supply. But the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost. By increasing the number of U.S. dollars in circulation, or even by credibly threatening to do so, (emphasis mine) the U.S. government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the prices in dollars of those goods and services. We conclude that, under a paper-money system, a determined government can always generate higher spending and hence positive inflation.
http://www.bullnotbull.com/archive/deflation-1.html
(good read about the threat of deflation).
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Simon
zeroday: I suggest you start trying to debate and stop simply insulting (and sulking). So far you haven't put any form of argument forward to back up your claims that the economy is doing well which goes against practically every economic report coming out.
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Fisherman
I also feel that I am spinning my weels. No matter how much money I make, I have too many expenses and the bottom line is that I feel that I am not going anywhere with this economy. Overseas prices for products keep going up I cannot raise my prices because of more and more competition. I have to absorb price increases now to the point where I am loosing money on some items and must raise my prices. But the increases now are ridiculous, some 100 percent. Chinese goods now which were cheap cheap, now cost much more money. Everything costs more, even glass which is made from sand because of the increaased cost of energy. Since salarird saty pretty much the same, people cannot afford to pay so much for goods. People first pay most of their money on rent, then utilities and cell phone bills and gasoline. What little is left they spend on goods or charge it to a never ending credit card debt.
Real Estate keeps its value but who can afford it? It is ridiculous to pay a million dollars for a chicken coop. If one pays rent, then the landord is actually a silent partner.
After paying wages, taxes, rents, utilities, fines, gas, doctors, lawyers, medicine, and all the other bills, there is nothing left. I dont know how people manage.Better to go on some goverment relief and the heck with it all I agree with Simon, this economy is sinking. This thing keeps getting worse year after year. I keep waiting to see if something gets better but things get tighter and tighter. I feel the pinch.
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frozen one
Bush is secretly planning the construction of a multi-modal supercorridor expressway going from Mexico to Canada, in his effort to bring the North American Continent under his control as the North American Community ( or North American Union ).
NASCO has come up in a couple of other threads on this board. NASCO is also a subject of debate where I live as one of the terminals, according to the maps I've looked at, is in my city. I thought the whole thing was implausible, but who am I? So I decided to contact my Congressional delegation to find out if there is anything to the rumors. I asked about NASCO and the Amero. James Oberstar, a Democrat, responded to my question. Oberstar has been on the House Transportation Committee for years and I think starting today he will chair that committee. Oberstar's response is below:
Thank you for your e-mail. I appreciate hearing from you.
Your e-mail referenced two myths that have been spread by organizations that are intent on frightening patriotic Americans. These organizations use President Bush's participation in the Security and Prosperity Partnership (SSP) of North America as the basis for these myths.
That being said, I have concerns about President Bush's SSP plan. In a joint statement issued on March 23, 2005, President Bush, Canadian Prime Minister Paul Martin and Mexican President Vicente Fox announced the establishment of the "Security and Prosperity Partnership of North America" (SPP). The three North American leaders said the security and prosperity of their nations are "mutually dependent and complementary." According to the statement, the three countries will implement common border-security strategies, enhance infrastructure protection, implement a common approach to emergency response, implement improvements to aviation and maritime security, enhance intelligence partnerships, combat transnational threats, and implement a border-facilitation strategy. A report released on June 27, 2005, lists some 20 different working groups spanning a wide variety of issues ranging from e-commerce, to aviation policy, to borders and immigration, involving the activity of multiple U.S. government agencies.
The trilateral agreement, signed as a joint declaration, was not submitted to Congress for review. I am not aware of any specific federal legislation authorizing the SPP working groups, nor has any congressional committee been given oversight authority. Further, membership of the working groups, as well as their work products, have not been published anywhere, including on the Internet.
It is concerning that President Bush has chosen to utilize a "joint declaration" as a means to cherry pick the provisions of the Constitution by which he chooses to abide. The SPP is only one of a number of examples where President Bush has ignored the constitutionally-mandated separation of powers between the executive and legislative branches or has not executed sections of laws passed by Congress. Although the President has repeatedly usurped his authority and expanded the power of the executive branch, the Republican majority in Congress has chosen to turn a blind eye to these developments.
While I, along with many other members of Congress, will call for greater oversight of the Bush administration in the next two years, there is no need to panic about the SPP. When Democrats become the majority party in the 110th Congress, rest assured that my colleagues and I will do our level best to reestablish Congress as an equal partner in this nation's governance.
If you would like to receive periodic e-mail updates on issues before Congress, please visit my Web site, www.house.gov/oberstar, and go to "subscribe."
With best wishes,
Sincerely,
James L. Oberstar, M.C.
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jayhawk1
Frozen One,
That gives me hope. Thanks for posting. I'm glad this nation woke up and got some Democrats in office to balance the power again. The legislature has behaved like a puppet for Bush since he took office.
While I, along with many other members of Congress, will call for greater oversight of the Bush administration in the next two years, there is no need to panic about the SPP. When Democrats become the majority party in the 110th Congress, rest assured that my colleagues and I will do our level best to reestablish Congress as an equal partner in this nation's governance.
Zeroday, I'm still waiting for you to post a real rebuttal. Clearly you do not have one. Just because you are single, and you worked all your life and you put a huge portion of your money in stocks doesn't mean anything if the value of your money continues to fall.
The US Dollar is worth far less than in recent years and I have yet to see you put forth any information that proves this trend false. Also, it does not matter if the world never runs out of fuel for trucks if your money has so little value that our cost is too high. Fuel prices remain high, not because of what they charge, because of how much more money it takes to buy the same amount. Here's some simple economics, if the Dollar is worth 30% less, that means it would take 30% more Dollars to buy the same amount of fuel. Meanwhile nobody's wages increased by 30%.
Furthermore, how much your stock portfolio will be worth should the Amero become real money one day?
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Jourles
Another reason to not keep all of your investments confined into one country. Which is why ~40% of my portfolio is in Euro/Pacific companies. I learned my lesson from the tech bust. Sure, it was great watching those gains multiply in the early years, but after 2000-2001, things went south pretty fast.
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DebSmithLopez
You seem to be confusing the stock market with the economy. They are not the same thing. Your economy is screwed.
This is amusing. Obviously you're an economic genius.
What few actions should be taken to save the American economy from its pitiful condition? Raise taxes? Guarantee jobs for everyone? What should be done to save us from a continuation of this merciless "screwing"?
Please share your brilliant insights with me.
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kid-A
"What few actions should be taken to save the American economy from its pitiful condition?"
TROLL: There are no "actions" that would make one whit of difference at this point. Your economy is in the hole TRILLIONS of dollars and you, your children, grandchildren and great-grandchildren will be paying for George Bushs war in Iraq for the next 50 years or more before you can even think about a balanced budget. Enjoy your double delusion: "god" and a "strong american economy".......
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DebSmithLopez
TROLL:
Very mature. It really builds your credibility.
You sound like one of those debt consolidation commercials that outlines how long it would take to pay off a credit card at the minimum payment 'It will take you 30 years to pay off a $5000 debt." Alarmist at best and dishonest at worst.
First of all, who said debt is bad, economically speaking? Most folks buy their homes using debt. Many purchase cars, etc. using debt. Businesses borrow to grow their business. Please support your "debt is bad" premise.
Secondly, recall the large deficits that President Reagan grew us out of. Your "debt is bad" doomsday scenario is only even marginally entertainable if it is assummed that all will remain the same.
Your argument reminds me of what the folks in large urban areas were screaming about in the late 1800s: horse manure. "At this rate, horse manure will be six feet high in the streets by 1940." Of course, things changed.
I'm sure that you're still bitter about your parents raising you in the "truth" or whatever and have not worked past the transfering of your anger to a neighboring government but please put a little thought into your posts. And please act like a big boy and refrain from name calling. Your mother will be proud.