Posted on 11/02/2007 5:23:12 AM PDT by Thorin
The euro, worth 83 cents in the early George W. Bush years, is at $1.45.
The British pound is back up over $2, the highest level since the Carter era. The Canadian dollar, which used to be worth 65 cents, is worth more than the U.S. dollar for the first time in half a century.
Oil is over $90 a barrel. Gold, down to $260 an ounce not so long ago, has hit $800.
Have gold, silver, oil, the euro, the pound and the Canadian dollar all suddenly soared in value in just a few years?
Nope. The dollar has plummeted in value, more so in Bush's term than during any comparable period of U.S. history. Indeed, Bush is presiding over a worldwide abandonment of the American dollar.
Is it all Bush's fault? Nope.
The dollar is plunging because America has been living beyond her means, borrowing $2 billion a day from foreign nations to maintain her standard of living and to sustain the American Imperium.
(Excerpt) Read more at worldnetdaily.com ...
The Fed lends banks money for assets and then the banks 7-30 days later return the money and the fed returns the assets. There is no additional $160 billion pumped into the system permanently.
When the Euro dropped from $1.20 to around 83 cents, we had no trade deficit?
The S&P 500 Index is about 45% higher today than it was immediately after 9/11. Does this mean that toppling several buildings in New York City and killing 3,000 Americans today will result in a 45% growth in the S&P 500 between now and 2012?
Ref: post 343. Yeah....Thousands of all Manufacturing people employed.....steady...has nothing to do with wages. That chart shows like monthly totals of 17,121 (times 1000 - implied basically: 17,121,000 bodies) currently employed in all manufacturing jobs, not administrative, tech support, engineering, though even in a manufacturing facility. That’s the rest of the numbers I would like to see, if not, what’s Uncle Sam hiding? Serious.
Look, we've been in space since the nineteen sixties. We've been building airplanes for a lot longer than that. Sure other countries with cheap labor and little regard for middle class living standards and zero environmental standards will eventually be able to duplicate nineteen sixties technology.
Does that mean America has lost her place as a commercial, industrial and economic powerhouse?
Try this. Log onto craigslist and go to their site for China, Russia, any country in Europe or the Middle East. See how many cars are for sale, how many houses, vacation rentals, electronics, furniture, etc, etc.
Now how doest the feds do that exactly when they officially ran out of money last month and the Dems are draggin' thier collective bu$$s to sign off on the appropriations budget to keep the government running through the end of the year and W more ammo / food / gas money for the WOT?
Is that debt you're talking about indexed to inflation?
Aren't unfunded liabilities considered payouts to the by the government to recipients for like Social Security, Medicare, and Retirements? Employers have the same obligations too to their retirees (well at least in the past). T-bills, bonds, the government issues is pure debt, right??
They're an agreement to pay something at a future date. They are not debt. If the country abolished social security tomorrow there would be no debt. Do you think we could sue the government for the money they owe us? Show us the debt instrument or the contract? If an employer reneges on their previous commitment to pay retirement benefits or goes bankrupt, there is no debt. Just an unfunded liability.
It's been my understanding that the Treasury Department (central bank) keeps issuing the t-bills for China, Great Britain, Saudi, Japland, etc., to purchase so we can keep the pork spending going, pay for the unfunded liabilities, and fight the WOT?
The government spends more than they take in and they have to issue bonds to pay for it. That's debt. Just like if you had to borrow money from the bank to pay your bills at the end of the month. That all has nothing to do with the government promising to pay me so much after I retire or my company promising to pay me retirement benefits that don't currently belong to me.
What's the percent GDP, right now, better yet, percent annual budget, the US has to pay or its notes coming due?
Huh?
Or the value of the dollar would be lower (and it just might be).
For a foreign investor, there's a huge difference between a 4.4% rate of return at a 1 Euro / $1 exchange rate and a 4.4% rate of return at a 1 Euro / $1.50 exchange rate. The latter scenario has a 33% discount built into it.
You bet.
not administrative, tech support, engineering, though even in a manufacturing facility
Excellent observation.
That’s the rest of the numbers I would like to see, if not, what’s Uncle Sam hiding? Serious.
LOL!
Nope...they’re gonna pop a cap in you, grab your car keys, get your address off your driver’s license, got to your house, then, kill the rest of your family, bury them at night and assume your ID, except for any debt part, live in your house maybe even for a while, while eating your food.
Talk to me in January.
Want to think of something weird.....that 14.8% is basically averaged real inflation from all sectors.
The feds ran out of money, the Fed did not.
Todd that chart only goes to 2000, not 2006, the gov those numbers available. Can you get them to add to that original table? Don’t laugh. Series....Don’t make me get my beeber out and stuned you.
In both cases, the coupon is 4.4%. If that coupon is not high enough to satisfy an investor, he won't buy.
For someone who never bothers to post facts of his own you sure are demanding. If you don't like average net worth, how about median net worth?
Please feel free to show us that it's declined since 2004.
Just FYI, real per capita consumption has increased at an average annual rate of 2.3% over the past 30 years and has doubled since 1973. How is that possible if our real incomes aren't also increasing?
So, The Central Bank (The Fed) Gets to print more when they feel like it at any time? Don’t they do that when the gov runs out of cash too?
Federal Gov’t != Federal Reserve
Baby boomers getting ready to retire and most of their homes paid off?
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