We are not flat broke, we have the largest economy in the world, the deepest pockets, and the best bond ratings.
"The President does not have power under the Constitution to unilaterally authorize a military attack in a situation that does not involve stopping an actual or imminent threat to the nation" Who said this?
Sun Tzu in "The Art of War"? ..... nope, it's the guy who's the current president. He said that back in 2007 (I just heard that on the radio)
We only care when the slaughter takes place in a region or a country where we were itching to get in there anyway. In all probability we also started the whole fricking thing as an excuse to start toppling gov'ts in the region with the end goal being "regime change" in Iran. We don't find the Sudan as charming, I guess, so we let hell break loose down there and don't even put it in the news.
We are, in actual fact, so far in debt we can never pay it back. The only reason the dollar/US economy havn't collapsed yet is because all the other players are so invested in the current system no one is willing to pull the trigger on the "great escape". But it will happen, and when it does we will be in the same position as all those people that purchased a house from 2000-2008. Royally screwed is the technical term for it, I think. Then all the pundits will get on tv and do what they do now about housing. I love the way they all say it was the borrowers fault for taking out the loans, now. What a crock of ****. All the financial advice at the time was designed to influence average consumers to take out a mortgage and take out the biggest one they could. Time after time they beat that drum about housing prices going up....infomercials/tv series on "flipping" houses, "investing" in real estate all that b.s.......specifically designed to encourage people to not rent but buy a home. Then when it goes bust they look at you and say,"gee, in reality you probably would have been better off rentling...". Same crap is going to happen with the US, the dollar, Ben Bernanke and the financial system. We have the best bond ratings.....well guess why that is. Because we decide on the bond ratings. :shock: It's a complete joke.....like those "liar loans" so many people took out.....if worked for a while, for quite a few years, in fact. But when it stops working, look out....
The President doesn't have the consitutional authority to do it but he does it anyway. The US position on this is shameful. It's none of our business. Our society is continually inundated with lies....it's amazing....I think people lie so much now that they actually believe by saying it, it makes it true. Totally off the topic but does Bonds think anyone on the planet actually believes him? Flax seed oil? Really? When he came into the league he was skinny, speedy centerfielder with a little pop in his bat. Fast forward a few years and he's the most prolific home run hitter of all time.....from flax seed oil....wow... Bonds defense: I didn't know they were steroids - Yahoo! News That's about as bad as getting busted with a joint by your parents and giving it the classic, "it's not mine, I'm just holding for a friend".....yeah, Barry.....we believe you.....:rofl:
the talking heads you listen to are obsessed with scaring you. they are correct of course. all my wall st pals told me this would happen. my best friend moves alot and he had been selling his house every time, until right before the crash when he rented. smart people knew what was coming. and obviously you shouldnt have spent more than you could afford on a house, as an investment that you believed would never lose value. if you like risk, go ahead, enjoy yourself, but dont bitch when the risk fails.
I'm sure they knew it would happen. I am sure also in private they know the dollar is toast. Ask you Wall st. buddies if the dollar will still be the reserve currency in 5 years and see what they say. I didn't buy a house....I only spend about three months a year in florida but most of my friends did.....hell, anybody the could fog a mirror was given a loan for $200,000 and told to make an "investment"......but if you want to blame the people for predatory lending practices, go ahead. By the way, what do your Wall st. buddies think about the probability of the average investor actually making money off of stocks? I'll be curious if you are so ready to type their actual reply....
If the dollar is removed as the worlds reserve currency what will happen to that bond rating then. I read about inflation near 100% over a five year time span. I really don't know if this is factual or more fear mongering. It's still disturbing thinking that a disaster is looming due to our debt.
