| Author |
 Topic  |
| Administrator
Administrator
15007 Posts
Gratitude: 3353
     |
 Posted - 01/21/2016 : 22:59:19
|
Last Year, I Predicted A Deflationary Recession: Now George Soros Agrees
Nobody Knows How To Fix A Deflationary Recession
|
|
| Administrator
Administrator
15007 Posts
Gratitude: 3353
|
Posted - 01/22/2016 : 08:02:03
|
|
|
| Administrator
Administrator
15007 Posts
Gratitude: 3353
|
Posted - 01/22/2016 : 08:08:11
|
|
|
| Administrator
Administrator
15007 Posts
Gratitude: 3353
|
Posted - 01/23/2016 : 07:05:30
|
|
|
| Administrator
Administrator
15007 Posts
Gratitude: 3353
|
Posted - 01/23/2016 : 07:38:44
|
|
|
| Administrator
Administrator
15007 Posts
Gratitude: 3353
|
Posted - 01/24/2016 : 21:09:12
|
Here Comes A Deflationary Recession
That's The Worst Type Of Recession
The Great Depression started in 1929 as a deflationary recession.
|
|
| Administrator
Administrator
15007 Posts
Gratitude: 3353
|
Posted - 01/24/2016 : 21:18:17
|
|
|
| Administrator
Administrator
15007 Posts
Gratitude: 3353
|
Posted - 01/25/2016 : 21:41:54
|
47 Million Americans Are On Food Stamps
When Times Get Tough, Congress Cuts Food Stamps
One half million Americans are about to be cut off food stamps.
Yet the ultra rich can avoid paying most of their taxes. These taxes would more than pay to feed the poor.
Suggesting that you want to help the poor is called "socialism" in America, and "socialism" is a dirty word in USA. Socialism Works In Canada and Scandinavia
Americans should come to Canada and see how socialism really works:
- Universal health care which, in most provinces, is paid for out of taxes (i.e., no health care premiums to pay).
- Government-owned hospitals.
- Government-run pharmacare which pays for most of the medications taken by the disabled or poor.
- Mandatory minimum wage.
- Guaranteed old age pensions.
- Government-run automobile insurance.
- Strict limits to the total donations any political candidate can receive during an election. In this way, elections can't be bought.
- Government-run airline, railway, and ferry companies.
- Very restrictive laws against gun ownership, especially hand guns.
- Very humane laws which allow a mentally ill person to be involuntarily hospitalized if they are clearly unable to cope (rather than waiting until they are "at risk of harming themselves or others"). Thus a mentally ill person sleeping outside in winter in the freezing cold can be psychiatrically hospitalized before they freeze to death.
I could go on, but you get the idea. "Socialism" as practiced in Scandinavia or Canada really works for these countries.
|
|
| Administrator
Administrator
15007 Posts
Gratitude: 3353
|
Posted - 01/25/2016 : 22:23:15
|
|
|
| Administrator
Administrator
15007 Posts
Gratitude: 3353
|
Posted - 01/25/2016 : 23:59:12
|
Russia Is In A Severe Recession
Russia Is So Corrupt, It's A Wonder That It Works At All
Russia's Gross Domestic Product is the same size as Italy 's GDP (US $4 trillion), and only a little bit higher than Canada's GDP (US $3.8 trillion). Now Russia's economy is spiraling downward.
Russia's military is very weak. Russian troops have fought Ukraine to a stalemate in eastern Ukraine. That was very unexpected, since the Ukrainian army earlier was in such disarray. Apparently, it doesn't take much to stop a Russian army invasion.
Nevertheless, our western mass media always portrays Russia as a great military power which we must spend trillions of dollars in military funding to defend ourselves against.
The truth is that Russia is starting to collapse economically. Russia is heavily dependent on its gas and oil exports; and that market has cratered.
Russia went bankrupt in 1991, and now history might repeat itself. For all of Putin's posturing; he is just a crook who is bleeding Russia dry to make himself and his friends fabulously wealthy. His game may be soon over once food shortages develop in Russia.
Putin has mastered the art of converting the Russian ruble into rubble.
 |
|
| Administrator
Administrator
15007 Posts
Gratitude: 3353
|
Posted - 01/27/2016 : 15:39:25
|
They Are Doing It Again: Sub-Prime Loans To People Who Can't Pay
The Greed And Stupidity Of Our Bankers Is Phenomenal
After the financial meltdown of 2008, the North American auto industry was bankrupt.
To remedy this, first the government used taxpayer money to bail out the auto industry. Then the bankers stimulated auto sales by lending money to sub-prime borrowers to finance their car purchases.
What is a "sub-prime borrower"? It is an individual that you know beforehand can't pay back their loan.
Now even unemployed people are getting financing to buy a new car. This is crazy.
It was just as crazy prior to the last financial meltdown in 2008 when unemployed people were lent money by the banks to buy a house. When it finally became obvious that hundreds of thousands of people couldn't pay their mortgage payments - the whole financial system collapsed.
Now auto loans are a financial "bubble", that is, an artificially inflated market that will collapse.
There is another financial bubble - student loans.
Hundreds of thousands of American college students have been given large loans which they can never repay because of their meager wages after graduation (if they are lucky enough to have a job).
Thus these student loans were subprime loans. The banks knew that these students couldn't pay back their loans, but the banks loaned the students money anyway.
In America, there is another massive financial bubble - defense spending. America's defense spending is enormous; hence the national debt is going ballistic. How will America ever pay down its national debt - especially when other nations now refuse to take America's I.O.U.'s (i.e., they refuse to buy U.S. treasury bonds)?
So when will these bubbles all burst?
My guess, and it is just a guess, is either 2016 or 2017. I am amazed that the banks and the government could keep these scams going for this long. If I am right; this next financial meltdown will be worse than the last. Why? Because none of the corrupt banking practices were corrected after the last financial meltdown - they just got worse.
|
|
| Administrator
Administrator
15007 Posts
Gratitude: 3353
|
Posted - 01/27/2016 : 17:53:25
|
Tax Cheats Are Hiding Their Money In USA
The Rats Are Leaving Their Sinking Ships
The world’s foreign wealthy elite now avoid paying taxes by moving their fortunes to the United States, to avoid paying their home government's taxes.
As the world's economy falters, the U.S. is emerging as a leading tax and secrecy haven for rich foreigners.
In America, offering secrecy to clients is not against the law, but U.S. firms are not permitted to knowingly help overseas customers evade foreign taxes. The US tax haven for the foreign rich works because the banks accept the foreigners' word that they are not trying to avoid paying taxes.
That should keep it all honest and above board.
|
|
| Administrator
Administrator
15007 Posts
Gratitude: 3353
|
Posted - 01/28/2016 : 23:26:01
|
This Is So Bad
Negative Interest Rates Are A Final Act Of Economic Desperation
Japan Has Tried Everything: Nothing Has Worked
Forget the "good economic news" propaganda that our mass media is feeding us. We are in a global recession, and the central banks haven't got a clue how to stop it.
|
|
| Administrator
Administrator
15007 Posts
Gratitude: 3353
|
Posted - 01/29/2016 : 09:14:28
|
Banks Tell The Rich To Leave The Stock Market: The Poor Are Told To Stay In
The Greater Fool Principle
The stock market is based on the greater fool principle. You buy a stock and hope a greater fool will buy it from you at a much higher price.
Ok, how does this work just before a stock market crash.
What did the megabanks do before the 2008 Financial Meltdown?
- The banks told the "insiders" (their best clients) to get out of stocks, and to get into cash.
- At the same time, these same banks told the "little investors" (i.e., you and me) to stay in the market because "it is just a period of increased volatility" ..."the stock market is sound".
- This gave the banks and their best clients time to unload much of their stocks. (What they couldn't do is unload their derivatives, which later cratered.)
- Then the stock markets collapsed. Fortunately the insiders were saved. The rest of us lost much of our life savings.
Now the banks are doing it again!
Phil Long MD
Administrator |
|
| Administrator
Administrator
15007 Posts
Gratitude: 3353
|
Posted - 02/01/2016 : 08:23:08
|
|
|
|
Topic |
|
Will There Be Another Financial Meltdown?
Forum Locked
