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The US Economy is only Growing Because of Deficit Spending
LoP Guest
lop guest
User ID: 1337
03-17-2018 01:31 AM

 



Post: #16
RE: The US Economy is only Growing Because of Deficit Spending
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FAUXbama's economy. Qualitative Easing only served to make the banksters wealthier. Prices went up, wages stayed the same. The vast majority of Americans went backwards under the sperm burper Usurper.
LoP Guest
lop guest
User ID: 1337
03-17-2018 01:34 AM

 



Post: #17
RE: The US Economy is only Growing Because of Deficit Spending
Natura Naturans  Wrote: (03-17-2018 01:22 AM)
If the government is spending like there is no tomorrow, what do they know that we don't? Like, maybe they think they have gotten away with a huge scam printing all that worthless money that we take to work long hours only to see it evaporate with inflation and taxes? Do they get together and laugh like hell over the public's stupidity? Do they salivate for the time when the dollar loses it's value totally, like in Venezuela, and Americans are suddenly without the money to feed themselves? This is not a partisan thing, Obama doubled the national debt to $20 trillion and in just the few short months of Trump it's up to $21 Trillion, and with $1.5 trillion in planned infastructure, that will all be deficit spending as well.

They know the debt can never be paid off. They also know they print the currency and can inflate all debt and entitlements away once the game is over. They will stretch the current situation as long as possible, they will run deficits until the end.. but they'll get bigger.

Eventually the world will stop buying the debt (happening now) and the Fed will buy it themselves. This will blow up the current world finacial system as the dollar loses reserve status and they print it into oblivion.

Confidence will eventually be entirely lost in the dollar and it will fully hyperinflate.

Dollar dies with the debt and the people's savings/wealth just as it did in Weimar Germany and other examples in history.

Start over with a new dollar (and no debt!) that has certain features to instill confidence once again.. which will not be an easy task. The people will remember. Debt and credit will be rare once again as it was in the 50s. The easy money of today will be a bad memory until once again in another hundred years when the memory is gone and politicians take the easy-money way out once again...
Natura Naturans
Registered User
User ID: 1337
03-17-2018 01:35 AM

Posts: 6,970



Post: #18
RE: The US Economy is only Growing Because of Deficit Spending
LoP Guest  Wrote: (03-17-2018 01:28 AM)
Natura Naturans  Wrote: (03-17-2018 01:22 AM)
If the government is spending like there is no tomorrow, what do they know that we don't? Like, maybe they think they have gotten away with a huge scam printing all that worthless money that we take to work long hours only to see it evaporate with inflation and taxes? Do they get together and laugh like hell over the public's stupidity? Do they salivate for the time when the dollar loses it's value totally, like in Venezuela, and Americans are suddenly without the money to feed themselves? This is not a partisan thing, Obama doubled the national debt to $20 trillion and in just the few short months of Trump it's up to $21 Trillion, and with $1.5 trillion in planned infastructure, that will all be deficit spending as well.

It won't last much longer, in this interview Bill Holter (JSMineset) discusses how China and Russia's moves to set up an alternative payments system to the dollar will erode dollar hegemony.

Also, note that Russia has made significant moves in defense that eliminates US military hegemony, the only thing that has kept the dollar in place as the world's reserve currency.





The key event to watch is on March 26th if the Chinese begin issuing oil future's contracts in yuan convertible to gold bullion AND if Saudi Arabia begins selling their oil in yuan or gold.

Remember they were supposed to list Aramco on US exchanges but they haven't, suggesting they are seriously considering selling oil in yuan or gold.

I would expect to see precious metals move higher in anticipation of a big event like a Russia/China gold move. TPTB always manage to get information long before you and I and they would push the price up. So I don't think the Saudis have made the decision just yet to dump the dollar. We'll see a big move in gold before that.

“The highest activity a human being can attain is learning for understanding, because to understand is to be free.” --Baruch Spinoza
Natura Naturans
Registered User
User ID: 1337
03-17-2018 01:40 AM

Posts: 6,970



Post: #19
RE: The US Economy is only Growing Because of Deficit Spending
LoP Guest  Wrote: (03-17-2018 01:34 AM)
Natura Naturans  Wrote: (03-17-2018 01:22 AM)
If the government is spending like there is no tomorrow, what do they know that we don't? Like, maybe they think they have gotten away with a huge scam printing all that worthless money that we take to work long hours only to see it evaporate with inflation and taxes? Do they get together and laugh like hell over the public's stupidity? Do they salivate for the time when the dollar loses it's value totally, like in Venezuela, and Americans are suddenly without the money to feed themselves? This is not a partisan thing, Obama doubled the national debt to $20 trillion and in just the few short months of Trump it's up to $21 Trillion, and with $1.5 trillion in planned infastructure, that will all be deficit spending as well.

They know the debt can never be paid off. They also know they print the currency and can inflate all debt and entitlements away once the game is over. They will stretch the current situation as long as possible, they will run deficits until the end.. but they'll get bigger.

Eventually the world will stop buying the debt (happening now) and the Fed will buy it themselves. This will blow up the current world finacial system as the dollar loses reserve status and they print it into oblivion.

Confidence will eventually be entirely lost in the dollar and it will fully hyperinflate.

Dollar dies with the debt and the people's savings/wealth just as it did in Weimar Germany and other examples in history.

Start over with a new dollar (and no debt!) that has certain features to instill confidence once again.. which will not be an easy task. The people will remember. Debt and credit will be rare once again as it was in the 50s. The easy money of today will be a bad memory until once again in another hundred years when the memory is gone and politicians take the easy-money way out once again...

I'm impressed by what Venezuela did with the petro. It appears they sold $5 billion of the things. If it is for real that might provide a currency to Venezuela. The problem with introducing a new currency after the old one dies is getting enough into the public's hands to pull the country out of the deep depression caused by a lack of the public's ability to buy anything. I believe TPTB are using Venezuela as a test case to see if a dead economy can be revived.

“The highest activity a human being can attain is learning for understanding, because to understand is to be free.” --Baruch Spinoza
LoP Guest
lop guest
User ID: 1337
03-17-2018 01:46 AM

 



Post: #20
RE: The US Economy is only Growing Because of Deficit Spending
LoP Guest  Wrote: (03-17-2018 01:28 AM)
Natura Naturans  Wrote: (03-17-2018 01:22 AM)
If the government is spending like there is no tomorrow, what do they know that we don't? Like, maybe they think they have gotten away with a huge scam printing all that worthless money that we take to work long hours only to see it evaporate with inflation and taxes? Do they get together and laugh like hell over the public's stupidity? Do they salivate for the time when the dollar loses it's value totally, like in Venezuela, and Americans are suddenly without the money to feed themselves? This is not a partisan thing, Obama doubled the national debt to $20 trillion and in just the few short months of Trump it's up to $21 Trillion, and with $1.5 trillion in planned infastructure, that will all be deficit spending as well.

It won't last much longer, in this interview Bill Holter (JSMineset) discusses how China and Russia's moves to set up an alternative payments system to the dollar will erode dollar hegemony.

Also, note that Russia has made significant moves in defense that eliminates US military hegemony, the only thing that has kept the dollar in place as the world's reserve currency.





The key event to watch is on March 26th if the Chinese begin issuing oil future's contracts in yuan convertible to gold bullion AND if Saudi Arabia begins selling their oil in yuan or gold.

Remember they were supposed to list Aramco on US exchanges but they haven't, suggesting they are seriously considering selling oil in yuan or gold.


Good points^

They postponed the Aramco IPO until 2019 or later.

More and more countries are no longer using the dollar for settlement. Same as they're no longer buying USTs.

When China opens their oil futures market it means they no longer need dollars because they can essentially print yuan to buy oil. If the yuan is fully convertible to gold, which it is, this essentially makes it a petro-yaun ;)

No more need for a single reserve currency as we move to a multi-polar "reserve" currency system where the big currencies with gold settlement (euro, yuan + more to come) will work just fine. This is why the euro was structured as it was with gold on the first line if the balance sheet, marked to market quarterly.. the yuan copied it for a reason.

We now see why.

It spells the end of the dollar.. which leads to the scenario I pointed out earlier in the thread.

Popcorn
LoP Guest
lop guest
User ID: 1337
03-17-2018 01:53 AM

 



Post: #21
RE: The US Economy is only Growing Because of Deficit Spending
Natura Naturans  Wrote: (03-17-2018 01:40 AM)
LoP Guest  Wrote: (03-17-2018 01:34 AM)
They know the debt can never be paid off. They also know they print the currency and can inflate all debt and entitlements away once the game is over. They will stretch the current situation as long as possible, they will run deficits until the end.. but they'll get bigger.

Eventually the world will stop buying the debt (happening now) and the Fed will buy it themselves. This will blow up the current world finacial system as the dollar loses reserve status and they print it into oblivion.

Confidence will eventually be entirely lost in the dollar and it will fully hyperinflate.

Dollar dies with the debt and the people's savings/wealth just as it did in Weimar Germany and other examples in history.

Start over with a new dollar (and no debt!) that has certain features to instill confidence once again.. which will not be an easy task. The people will remember. Debt and credit will be rare once again as it was in the 50s. The easy money of today will be a bad memory until once again in another hundred years when the memory is gone and politicians take the easy-money way out once again...

I'm impressed by what Venezuela did with the petro. It appears they sold $5 billion of the things. If it is for real that might provide a currency to Venezuela. The problem with introducing a new currency after the old one dies is getting enough into the public's hands to pull the country out of the deep depression caused by a lack of the public's ability to buy anything. I believe TPTB are using Venezuela as a test case to see if a dead economy can be revived.

It was an interesting experiment no doubt. I'm still waiting to see the outcome.

Hyperinflation is still raging.. so it hasn't been effective in stopping it as in Weimar with the Rentenmark... which was Venezuela's likely intent on top of bypassing sanctions.

We shall see.

I don't think it will work. They will need something more akin to the Rentenmark.. as crypto just isn't ready, certainly not the Petro.

Look into the Rentenmark for your 'test case' ;)
LoP Guest
lop guest
User ID: 1337
03-17-2018 01:56 AM

 



Post: #22
RE: The US Economy is only Growing Because of Deficit Spending
LoP Guest  Wrote: (03-17-2018 12:55 AM)
Very hard to grow an economy when you had an 8 year traitor at the top doing everything in his power to Destroy the country economically, socially, militarily and every other way unmentioned. That Obama M-other-f**ker is going to be arrested, tried in court and convicted for crimes against America. I hope he is dead in the next 5 years. I need closure.

Now going forward the US economy will grow at 2+, 3+, 4+ and yes 5+. We will look like China in the last 15 years. I'll let you figure out why.

So you sound like a huge fan of the Bush years of Middle East wars.

If the local economy doesn't make the grade, rape and plunder.
LoP Guest
lop guest
User ID: 1337
03-17-2018 02:05 AM

 



Post: #23
RE: The US Economy is only Growing Because of Deficit Spending
Natura Naturans  Wrote: (03-17-2018 01:35 AM)
LoP Guest  Wrote: (03-17-2018 01:28 AM)
It won't last much longer, in this interview Bill Holter (JSMineset) discusses how China and Russia's moves to set up an alternative payments system to the dollar will erode dollar hegemony.

Also, note that Russia has made significant moves in defense that eliminates US military hegemony, the only thing that has kept the dollar in place as the world's reserve currency.





The key event to watch is on March 26th if the Chinese begin issuing oil future's contracts in yuan convertible to gold bullion AND if Saudi Arabia begins selling their oil in yuan or gold.

Remember they were supposed to list Aramco on US exchanges but they haven't, suggesting they are seriously considering selling oil in yuan or gold.

I would expect to see precious metals move higher in anticipation of a big event like a Russia/China gold move. TPTB always manage to get information long before you and I and they would push the price up. So I don't think the Saudis have made the decision just yet to dump the dollar. We'll see a big move in gold before that.

He discusses that in the interview (Bill Holter) his belief is that an implicit agreement was made to suppress the price of gold in the future's markets by naked shorts making it cheap for China to load up on physical.

If Russia wants to play hardball with European and US banks, then they can issue a silver ruble, because there is a lot lot less physical silver in circulation than gold.

yeah3

So when China is finally ready yah the price will move quickly but I doubt there will be time to react as most physical will be gone.
katsung47
Registered User
User ID: 1337
03-17-2018 02:18 AM

Posts: 170



Post: #24
RE: The US Economy is only Growing Because of Deficit Spending
I think Trump is pushed out to be the scapegoat of the coming economic crisis. I wrote this two years ago.

Clinton left White House a surplus. But Bush started two wars in Mid-east and finally touch off a financial crisis in 2008. Now they need someone to take the responsibility.
(This post was last modified: 03-17-2018 02:25 AM by katsung47.)
LoP Guest
lop guest
User ID: 1337
03-17-2018 02:33 AM

 



Post: #25
RE: The US Economy is only Growing Because of Deficit Spending
LoP Guest  Wrote: (03-17-2018 01:01 AM)
LoP Guest  Wrote: (03-17-2018 12:55 AM)
Very hard to grow an economy when you had an 8 year traitor at the top doing everything in his power to Destroy the country economically, socially, militarily and every other way unmentioned. That Obama M-other-f**ker is going to be arrested, tried in court and convicted for crimes against America. I hope he is dead in the next 5 years. I need closure.

Now going forward the US economy will grow at 2+, 3+, 4+ and yes 5+. We will look like China in the last 15 years. I'll let you figure out why.

You can try to blame this on Obama or the boogeyman but it won't change the FACT that the condition of the U.S. economy has been brewing for decades.

Small minds see the small picture.

But go ahead and blame who you feel you have to because it makes ZERO difference..

It all ends the same way.

Obama is in the past like dust or mud that has just been run over. Watch how to run an economy. #MAGA btw - I hope Obama is dead in this decade. America needs closure and that evil pos won't stop until he's dead. Good vs evil that's how it works.

Or you can take the long road and go to Venezuelan Socialism. I'm sure the population down there is loving Hugo right now.
Natura Naturans
Registered User
User ID: 1337
03-17-2018 02:39 AM

Posts: 6,970



Post: #26
RE: The US Economy is only Growing Because of Deficit Spending
katsung47  Wrote: (03-17-2018 02:18 AM)
I think Trump is pushed out to be the scapegoat of the coming economic crisis. I wrote this two years ago.

Clinton left White House a surplus. But Bush started two wars in Mid-east and finally touch off a financial crisis in 2008. Now they need someone to take the responsibility.

I think Fed Chief Powell will push interest rates over the edge to collapse the economy. It's VERY close, once short term rates hit 3% we have an inverted yield curve and the signal for recession. EVERY time we have had an inverted yield curve a recession has followed.

“The highest activity a human being can attain is learning for understanding, because to understand is to be free.” --Baruch Spinoza
LoP Guest
lop guest
User ID: 1337
03-17-2018 02:53 AM

 



Post: #27
RE: The US Economy is only Growing Because of Deficit Spending
katsung47  Wrote: (03-17-2018 02:18 AM)
I think Trump is pushed out to be the scapegoat of the coming economic crisis. I wrote this two years ago.

Clinton left White House a surplus. But Bush started two wars in Mid-east and finally touch off a financial crisis in 2008. Now they need someone to take the responsibility.

Bush and Iraq/Afghanistan didn't cause the financial crisis. It was new regulations (via the Community Reinvestment Act during Clinton's term) that forced banks into giving loans to people who previously would not have been approved.

https://spectator.org/42211_true-origins...al-crisis/

As originally enacted in 1977, the CRA vaguely mandated regulators to consider whether an insured bank was serving the needs of the “whole” community. For 16 years, the act was invoked rather infrequently, but 1993 marked a decisive turn in its enforcement. What changed? Substantial media and political attention was showered upon a 1992 Boston Federal Reserve Bank study of discrimination in home mortgage lending. This study concluded that, while there was no overt discrimination in banks’ allocation of mortgage funds, loan officers gave whites preferential treatment. The methodology of the study has since been questioned, but at the time it was highly influential with regulators and members of the incoming Clinton administration; in 1993, bank regulators initiated a major effort to reform the CRA regulations.

In 1995, the regulators created new rules that sought to establish objective criteria for determining whether a bank was meeting CRA standards. Examiners no longer had the discretion they once had. For banks, simply proving that they were looking for qualified buyers wasn’t enough. Banks now had to show that they had actually made a requisite number of loans to low- and moderate-income (LMI) borrowers. The new regulations also required the use of “innovative or flexible” lending practices to address credit needs of LMI borrowers and neighborhoods. Thus, a law that was originally intended to encourage banks to use safe and sound practices in lending now required them to be “innovative” and “flexible.” In other words, it called for the relaxation of lending standards, and it was the bank regulators who were expected to enforce these relaxed standards.

The effort to reduce mortgage lending standards was led by the Department of Housing and Urban Development through the 1994 National Homeownership Strategy, published at the request of President Clinton. Among other things, it called for “financing strategies, fueled by the creativity and resources of the private and public sectors, to help homeowners that lack cash to buy a home or to make the payments.” Once the standards were relaxed for low-income borrowers, it would seem impossible to deny these benefits to the prime market. Indeed, bank regulators, who were in charge of enforcing CRA standards, could hardly disapprove of similar loans made to better-qualified borrowers.

Sure enough, according to data published by the Joint Center for Housing Studies of Harvard University, from 2001 through 2006, the share of all mortgage originations that were made up of conventional mortgages (that is, the 30-year fixed-rate mortgage that had always been the mainstay of the U.S. mortgage market) fell from 57.1 percent in 2001 to 33.1 percent in the fourth quarter of 2006.

Correspondingly, sub-prime loans (those made to borrowers with blemished credit) rose from 7.2 percent to 18.8 percent, and Alt-A loans (those made to speculative buyers or without the usual underwriting standards) rose from 2.5 percent to 13.9 percent.

Although it is difficult to prove cause and effect, it is highly likely that the lower lending standards required by the CRA influenced what banks and other lenders were willing to offer to borrowers in prime markets. Needless to say, most borrowers would prefer a mortgage with a low down payment requirement, allowing them to buy a larger home for the same initial investment.

The problem is summed up succinctly by Stan Liebowitz of the University of Texas at Dallas:

From the current handwringing, you’d think that the banks came up with the idea of looser underwriting standards on their own, with regulators just asleep on the job. In fact, it was the regulators who relaxed these standards–at the behest of community groups and “progressive” political forces.… For years, rising house prices hid the default problems since quick refinances were possible. But now that house prices have stopped rising, we can clearly see the damage done by relaxed loan standards.

The point here is not that low-income borrowers received mortgage loans that they could not afford. That is probably true to some extent but cannot account for the large number of sub-prime and Alt-A loans that currently pollute the banking system. It was the spreading of these looser standards to the prime loan market that vastly increased the availability of credit for mortgages, the speculation in housing, and ultimately the bubble in housing prices.
LoP Guest
lop guest
User ID: 1337
03-17-2018 03:12 AM

 



Post: #28
RE: The US Economy is only Growing Because of Deficit Spending
katsung47  Wrote: (03-17-2018 02:18 AM)
I think Trump is pushed out to be the scapegoat of the coming economic crisis. I wrote this two years ago.

Clinton left White House a surplus. But Bush started two wars in Mid-east and finally touch off a financial crisis in 2008. Now they need someone to take the responsibility.

It's possible and he did make some statements during his campaign that he was familiar with debt re-structuring.

But Clinton didn't leave a surplus because he stole $4 trillion from social security and replaced it with IOUs, that's the intergovernmental debt you see in Treasury reports.

He also set the stage for the past 3 bubbles (2 popped 1 still blowing) by deregulating the banking industry eliminating Glass Steagall banking regulations.

If any 2 past presidents are to be blamed the most for our predicament it is Richard Nixon and Bill Clinton, both traitors the US people.
LoP Guest
lop guest
User ID: 1337
03-17-2018 03:18 AM

 



Post: #29
RE: The US Economy is only Growing Because of Deficit Spending
katsung47  Wrote: (03-17-2018 02:18 AM)
I think Trump is pushed out to be the scapegoat of the coming economic crisis. I wrote this two years ago.

Clinton left White House a surplus. But Bush started two wars in Mid-east and finally touch off a financial crisis in 2008. Now they need someone to take the responsibility.

I agree that Trump will be the scapegoat, it has been obvious to me since election night.

They will blame his protectionist policies and tariffs and he will go down in history as one of the worst presidents in history.. the Hoover of the 21st century.
LoP Guest
lop guest
User ID: 1337
03-17-2018 03:57 AM

 



Post: #30
RE: The US Economy is only Growing Because of Deficit Spending
LoP Guest  Wrote: (03-17-2018 03:18 AM)
katsung47  Wrote: (03-17-2018 02:18 AM)
I think Trump is pushed out to be the scapegoat of the coming economic crisis. I wrote this two years ago.

Clinton left White House a surplus. But Bush started two wars in Mid-east and finally touch off a financial crisis in 2008. Now they need someone to take the responsibility.

I agree that Trump will be the scapegoat, it has been obvious to me since election night.

They will blame his protectionist policies and tariffs and he will go down in history as one of the worst presidents in history.. the Hoover of the 21st century.

Blame the white guy.

Scream1
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