Thread: U.S. Must Buy Assets to Prevent `Financial Tsunami,' Gross Says

U.S. Must Buy Assets to Prevent `Financial Tsunami,' Gross Says

Wow and with all the talk of privatizing just about all of the governments functions, you know things like the military, social security, the elaborate spy networks, and my favorite the federal reserv...oh wait thats already private. Someone better tell Bush, i heard him say that it needs privatizing.

Originally Posted by michaelr

U.S. Must Buy Assets to Prevent `Financial Tsunami,' Gross Says

Wow and with all the talk of privatizing just about all of the governments functions, you know things like the military, social security, the elaborate spy networks, and my favorite the federal reserv...oh wait thats already private. Someone better tell Bush, i heard him say that it needs privatizing.

Hyperinflation here we come.

Originally Posted by anonnymous

Hyperinflation here we come.

We have our foot in it now. I can't believe the response the government gives to the economy, everything seems backward to me. Oh well I do not have a degree so what the hell do I know?

Originally Posted by michaelr

We have our foot in it now. I can't believe the response the government gives to the economy, everything seems backward to me. Oh well I do not have a degree so what the hell do I know?

I don't neither but the way I see it the government has only two options here and that is to default or inflate. I think we can see were this is going without a degree.

Really though most people could care less about our economy or government unless it affects their pocket book and the problem with that is by the time they realize whats up its to late to give a shit.

The legacy of Bush is that he was our first despot and opened the door for tyranny in the United States. All the while a people of little understanding of these matters stood by wild eyed and cheering their own demise.

Originally Posted by anonnymous

Really though most people could care less about our economy or government unless it affects their pocket book and the problem with that is by the time they realize whats up its to late to give a shit.

The legacy of Bush is that he was our first despot and opened the door for tyranny in the United States. All the while a people of little understanding of these matters stood by wild eyed and cheering their own demise.

The government and their media has people so screwed up about the economy that I sort of feel sorry for them. If the dollar raises .001 cent on the euro, the talking heads, with a huge smile on their face touts strong dollar gains, and that is the water cooler talking points. This really pisses me off, I feel that if the media told the truth for a change, people would do two things, a run on the banks, then take to the streets. They will have a rude awakening soon enough!

Originally Posted by michaelr

The government and their media has people so screwed up about the economy that I sort of feel sorry for them. If the dollar raises .001 cent on the euro, the talking heads, with a huge smile on their face touts strong dollar gains, and that is the water cooler talking points. This really pisses me off, I feel that if the media told the truth for a change, people would do two things, a run on the banks, then take to the streets. They will have a rude awakening soon enough!

As you know if one has enough food stored and cash in hand they could ride out the hyperinflation cycle and then do what the big cats do, buy ,buy, buy. If you tell a man don't cross the street before looking both ways and he ignores you and proceeds to get ran over, why would you feel sorry for the dumb bastid?
Don't worry be happy!

Originally Posted by anonnymous

As you know if one has enough food stored and cash in hand they could ride out the hyperinflation cycle and then do what the big cats do, buy ,buy, buy. If you tell a man don't cross the street before looking both ways and he ignores you and proceeds to get ran over, why would you feel sorry for the dumb bastid?
Don't worry be happy!

I gave this part of your post a great deal of thought, it took a bit for me to come to an admirable conclusion. I raised kids, they needed education, grooming, and just general parenting stuff. These Americans that are hurting due to ignorance are their families. They are fellow countrymen/women, I feel that if I do not care than I am wrong, I would have not made the impact that I thought I needed to make.

You can lead a horse.....you can teach the horse to appreciate the water.....

What I think we have been seeing since about 1830 is selection against group think. Technological change has made it impossible to intelligently use the financial tools of the early 1600s that drove the Tulip Craze: central banks, bank notes and national currencies. Delevering to the trendline for stocks and real estate means about a 50% decline in GDP. Attempted hyperinflation means everyone older than 50 defecting to the other major party and massive capital flight. So half-assed stagflation followed by popular deflation is what's going to happen.

Originally Posted by william the wierd

What I think we have been seeing since about 1830 is selection against group think. Technological change has made it impossible to intelligently use the financial tools of the early 1600s that drove the Tulip Craze: central banks, bank notes and national currencies. Delevering to the trendline for stocks and real estate means about a 50% decline in GDP. Attempted hyperinflation means everyone older than 50 defecting to the other major party and massive capital flight. So half-assed stagflation followed by popular deflation is what's going to happen.

I actually see some stagflation with hyper, it depends on which direction you look. We are in uncharted grounds and the box needs to be tossed. So many liars, so little time.