Thursday, January 8, 2009



January 8, 2009

You can comment on this blog without registering or logging in!

obama is preventing recovery, obama is going to create much bigger crisis, we are going to have massive inflation and unemployment, the government can't create jobs, too many houses built in the last years

11 comments:

  1. WTF. We need to spend less? How are going get out of this mess without spending money? We need more spending to stimulate the economy, so people are going to make some money again! That is why obama has this plan to spend alot of government money.

    ReplyDelete
  2. By spending more you increase the level of money supply to Stratosphere. This plan creates HYPERINFLATION!

    It's about time to change the equation money = debt to MONEY = WEALTH!

    ReplyDelete
  3. The US and all its people are broke! Spend what money!?

    ReplyDelete
  4. If the US is broke, why did the dollar not fall to the ground? Because people still want to invest in the US for now. Foreigners still think the US is coming out this stronger and stocks are now very cheap.

    ReplyDelete
  5. But that will not last. We owe the world trillions. Sooner or later we won't be able to pay back their bond loans. They will then buy other country's bonds and our dollar will FALL LIKE A ROCK.
    Economy's grow strong on production and savings, noot over consumption and spending. OUR GOVT. IS BROKE. All they have is a printing press to make "fiat" money with. We are in serious trouble. Buy Gold and Silver (real wealth)

    ReplyDelete
  6. Well that guy that is USA bullish (2 posts above) is in the short term right. Foreigners are still interested in buying US government debt, but the question is for how long. What is country's like China, Japan, South Korea stop buying government bonds. Well they are not going to sell, but what if they are going to slow there buying. That will be a real problem. The FED has then to raise interest rates many times to keep money from flowing out of the US, but those high interest rates will do harm to the economy, but Bernanke has no other choice then, because other the dollar will fall... sooo.... it is not looking very good?

    ReplyDelete
  7. i can't wait till the dollar drops out of the sky. i hope peter schiff invents a dance to do on tv after everyone realizes he was right. these people who have no ability to understand what he is saying drive me nuts. it will be a sad day when the us bond market crashes, but i will enjoy seeing the blank stare on their faces. cheers to you jeremy =)

    ReplyDelete
  8. Gold, silver and copper coated lead.

    ReplyDelete
  9. Forget about government spending to save economy. You will get a Zimbabwe kina economy out of that. Obama is shaping up to be another dummy running White House that needs to be sent packing in 4 years if he sticks to this path.

    ReplyDelete
  10. To the 1st Anonymous, the whole point is that this recession is a good thing. It is a chance to cleanse the economy and make it viable again. The economy needs to be more balanced - in other words, it needs more production. An economy which is 70-80% service based is criminal. The market has been telling us this for the last decade, but we kept re-inflating the bubbles and papering over the cracks and it has led to what we are experiencing now, the worst crisis since the Great Depression and if we continue to do the same thing (bailouts, "Stimulus" packages , etc) it's going to become the worst depression ever. Think it is bad now? ha!
    This recession , if was allowed to play out, would be hard - very had - but it would be over within a year or so. Now, all we are doing is ensuring our heads are just above the water, but, like the previous papered over recessions leading to now (a much more severe recession), this recession will lead to a much much worse experience for us all.

    You cannot trust 70% of the "experts" being rolled out on the News Channels, most of them are full of bullsh*t. This site (1st time I've been here actually) features some of the people you can trust on economic matters. They are correct.

    ReplyDelete
  11. Hooha to that! I love this site, follows exactly the people I trust the most!!!

    ReplyDelete