The 2011 Depression

[delldude]

 
The ironic thing is that if were to happen they would be the one's most negatively affected by it.  Maybe they can live together under a bridge and talk about how Obama ruined the world economy.

 
Now you're seeing another fine example of actions by previous administrations having dire affects many years later.....not the oBama.

 

[delldude]

Here's to hoping economic calamity predicted by Ron Paul, and championed by Sparrow and the OP will come true one day. Even if it doesn't happen in 2011 (are we there yet?) we can all hold out hope for the day that they can say "I told you so".

One of those old sayings about broken clocks come to mind here. Other than the fact that they are right twice each day...

 
Funny, IMF and Fed see it differently.
You can poke at it all day but at some point all the chickens are coming home to roost.....sooner than later.
Do I want to see that? Sure, so all my finances crap the bed....

 

[777 fixer]

The biggest impact of a worldwide currency/debt crisis would be felt by??? OH Geez! Guess who? Get some Windex and clean that mirror so you can look clearly at those affected most. Our fiat currency since 1913 has inflated away 97% of the value of the USD.

I'm well aware of that. Unlike you and dell though I don't take perverse pleasure in the thought.

 

[777 fixer]

Now you're seeing another fine example of actions by previous administrations having dire affects many years later.....not the oBama.

Looks like I have to explain this again. The President no matter who it may be in lot of respects is along for the ride like the rest of us when it comes to the economy. However when it comes to
military force that's on the president, no one else.

I do find it interesting that you are trying to blame everyone but GWB for the debacle in Iraq. So much for being responsible for ones actions.

 

[delldude]

Looks like I have to explain this again. The President no matter who it may be in lot of respects is along for the ride like the rest of us when it comes to the economy. However when it comes to
military force that's on the president, no one else.

I do find it interesting that you are trying to blame everyone but GWB for the debacle in Iraq. So much for being responsible for ones actions.

 
The debacle in Iraq was caused soley by the actions of one Saddam Hussien.

 

[SparrowHawk]

Now he reads minds as well as pontificating like the bleating sheep of Animal Farm. "Four legs good, two legs bad"
 
As a follow-up, Bethlehem & SU Steel subsidiary's Bethlehem Fabricator and American Bridge bid on the steel for the now collapsed World Trade Center. They lost to a consortium that used Japanese steel in order to win the bid, The following year, Bethlehem Steel began to close the Johnstown, PA & Lackawanna, NY plants. The US DOJ (under Carter) blocked the merger of Bethlehem Steel and Youngstown Steel, forcing a 1 billion dollar expense to erect the Burns Harbor, IN facilitary. The steel industries demise was further helped along by the arter led EPA and conflicting regulations regarding clean air. The company was saddled with an investment of half a billion dollars for technology that did not yet exist. This problem was made even larger by the US tax code depreciation rules as compared to the rest of the world. Further the steel companies based their capacity planning information supplied by Government.
 
The failure to win the structural steel did for the WTC marked the beginning of the Decline of Big Steel. These sea change events took place during the Carter Administration and in many case still threaten our manufacturing. Was Carter alone in all of this? Of course not. The decline of American Manufacturing and wages has many participants from the companies themselves, to Big Labor, Government, Federal, State & local and economic factors governmental and otherwise.
 
Once Big Steel hit the skids, locally we had Mack Trucks and that debacle.

 

[777 fixer]

The debacle in Iraq was caused soley by the actions of one Saddam Hussien.

Unless Saddam ordered US forces to invade his own country I think not.

 

[SparrowHawk]

Thumbing  your nose at the United States and planning to price and sell oil in non dollar currencies can cause invasion. Ask Libya later on in the story. They announced that they would trade oil in Euros. Fast forward to Iran which set up its own Oil Bourse and now all of the sudden they are a grave nuclear threat?
 
FOLLOW THE MONEY

 

[delldude]

Where's Hillary's reset button.
 

 

Debt ratios have reached extreme levels across all major regions of the global economy, leaving the financial system acutely vulnerable to monetary tightening by the US Federal Reserve, the world's top financial watchdog has warned.


The Bank for International Settlements said the wild market ructions of recent weeks and capital outflows from China are warning signs that the massive build-up in credit is coming back to haunt, compounded by worries that policymakers may be struggling to control events.


"We are not seeing isolated tremors, but the release of pressure that has gradually accumulated over the years along major fault lines," said Claudio Borio, the bank's chief economist.


The Swiss-based BIS said total debt ratios are now significantly higher than they were at the peak of the last credit cycle in 2007, just before the onset of global financial crisis.
http://www.telegraph.co.uk/finance/economics/11858952/BIS-fears-emerging-market-maelstrom-as-Fed-tightens.html

 

[Glenn Quagmire]

Unemployment rate down to 5%.

I know how some of you will begin arguing the unemployment rate numbers...only because Obama is in office. Here's a simple test?

When Bush was in office, did you dispute his unemployment rates by quoting factors that are different than those that are always used and universally accepted.

You've decided that the unemployement rate, when it was high, we could accept how it was calculated. It was ABSOLUTELY CORRECT.

But, now that it's low, the SAME METHOD OF CALCULATION is not correct. It's miscalculated. So, if that's the case, was it miscalculated when it was high?

Fox News heads exploding on video:

http://mediamatters.org/embed/static/clips/2015/11/06/43023/fnc-fnf-20151106-only271000_octoberjobsreport

 

[delldude]

Ah the George Soros/ Hillary Clinton created website.
 
You're overlooking one little thing. Under Bush, the 5% rate had something like 96 million more people working, under Obama that 5% has 96 million less.

 

[777 fixer]

Ah the George Soros/ Hillary Clinton created website.
 
You're overlooking one little thing. Under Bush, the 5% rate had something like 96 million more people working, under Obama that 5% has 96 million less.

 
Using your methodology I could just say those numbers were manipulated by the Bush Administration.

 

[Glenn Quagmire]

What are you talking about with the Soros created website?

I posted a video and a number. Period.

Those fox newsreader dumbasses could hardly talk when they had to say what was on the teleprompter.

And the unemployment number...see my comment on how the numbers are derived and posted.

Were they done correctly when they fit your POV? or are they correct now?

And are the numbers of people not in the workforce related to anything other than what you want it to be?

Research and education are wonderful things. The worker bee statistician folks that produce those reports are not political appointees and have been doing what they do for a very long time.

It seems that When they look bad for the conservative fringe, they are being manipulated by the big bad government.

The building economy is going to rule out the clown car candidates unless they come up with some new material.

Btw, Hasselbeck needs a math class.

 

[delldude]

5% sounds golly gee whizz.
But when you attempt to compare it to Bush's unemployment numbers vs Obama's, that 5% isn't the same amount compared side by side.
 
Bush could have had 150,000 laid off and it could be 5%
Obama could have 15,000 laid off and it could be 5%....just for talking.
 
Media Matters was created by David Brock, with help and funding from Soros and tutilage of John Podesta, former Clinton Chief of Staff,  from Center for American Progress (another George Soros and Hillary Clinton project.) You might have heard of their sister project called 'Think Progress'.
 
Soros and his open border inititiative is doing quite well in the Eu.
 
Both employ many Democrat operatives.

 

[Glenn Quagmire]

So if I post the exact same video (unedited by the way) and and the exact same numbers from another site, one that meets your approval, then what? They are correct?

Really?

You are better than that my freind.