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Where is the US economy headed?

 
 
Ramafuchs
 
  1  
Reply Sat 22 Mar, 2008 05:30 pm
Dare to contradict my views.
I stand for correction.

Corporate tax in USA
2000( Bush was a candidate) 2, 6 percentant ( GDP)
2004 2, 2%

In Germany where I live
2000 = 1,8
2004= 1,6

we should strive hard to make this bitter butter to make a better butter
0 Replies
 
Ragman
 
  1  
Reply Sat 22 Mar, 2008 09:18 pm
I know I'll regret this ... but what the HELL does this mean and what is its relevance?

"we should strive hard to make this bitter butter to make a better butter"

Let's see now..how many communist countries are there left in the world? Sure seems to be a recipe for failure and bankrupting a country. What's left now, Cuba?. Which possibly has ONLY a few years left as Communist then it'll fall. Nice choice!

I'll take our flawed capitalistic system any day.
0 Replies
 
okie
 
  1  
Reply Sat 22 Mar, 2008 09:26 pm
Ragman wrote:
I know I'll regret this ... but what the HELL does this mean and what is its relevance?

I think you will regret it, ragman. I think he got the better butter, or whatever, from a tongue twister nursery rhyme? Maybe that is where he gets the poetry ideas?
0 Replies
 
Ragman
 
  1  
Reply Sat 22 Mar, 2008 09:29 pm
okie wrote:
Ragman wrote:
I know I'll regret this ... but what the HELL does this mean and what is its relevance?

I think you will regret it, ragman. I think he got the better butter, or whatever, from a tongue twister nursery rhyme? Maybe that is where he gets the poetry ideas?


OKIE ...really. Poetry? Jibberish
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Ramafuchs
 
  1  
Reply Sat 22 Mar, 2008 09:32 pm
I love all innocent Americans.
And i am sorry that Amercan Dream is not saleable anymore.
Of course borrowed brain and plastic WMD make USA
as the only SUPER POWER
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cicerone imposter
 
  1  
Reply Sat 22 Mar, 2008 09:57 pm
THIS is a new twist on the already fragile finances in the world markets.
0 Replies
 
Ragman
 
  1  
Reply Sat 22 Mar, 2008 10:13 pm
Am I out to lunch but are those people STILL talking about war debt..as in WWII war debt? no one EVER is going to pay anyone a cent on that. It's an absurdist discussion.

Slow news day, or what?

Oh wait, iI just read this a bit...that's about 1919..WW I. Is this humor?
0 Replies
 
cicerone imposter
 
  1  
Reply Sun 23 Mar, 2008 09:42 am
Ragman, It's not so much the war debt, but how it has affected the politics in Europe. Impressions are important issues in the world of politics and finance.
0 Replies
 
Ragman
 
  1  
Reply Sun 23 Mar, 2008 12:46 pm
'butterfly-sneeze' effect
let me understand this. How is the war debt from WW I connected to how the US economy is going RIGHT now? I may be dense or inexpert but I fail to see the real connection. Seeing only a loose 'butterfly-sneeze' effect. For example, in the economic picture of today we're currently dealing with the NEW China and its dynamics and policies, so how does WW I debt and/or reputations and nations that don't even exist anymore have any effect on today's world economy?
0 Replies
 
cicerone imposter
 
  1  
Reply Sun 23 Mar, 2008 01:20 pm
Because they are making it an issue now on who pays.
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Ragman
 
  1  
Reply Sun 23 Mar, 2008 01:42 pm
And, at the risk of putting to fine a point to this, my point from earlier is WHO will pay? And also, who is they? You don't think anyone will honor their debt from more than 90 yrs ago do you? What has happened recently that says that those debtor nations would even consid honoring a debt that is from 90 yrs ago? Then there's the issue of massive WW II debt from the Russians and other nations to consider. This seems to me like tilting at windmills.
0 Replies
 
cicerone imposter
 
  1  
Reply Sun 23 Mar, 2008 02:53 pm
Ragman, I'm really not sure where you are coming from. The issue was brought up by the NYT (this past week?) in one article as an archival article from early in the last century. Why they even bothered to post it now is anyone's guess.
0 Replies
 
okie
 
  1  
Reply Sun 23 Mar, 2008 03:40 pm
cicerone imposter wrote:
Ragman, I'm really not sure where you are coming from. The issue was brought up by the NYT (this past week?) in one article as an archival article from early in the last century. Why they even bothered to post it now is anyone's guess.

And you got sucked into thinking that anything the NYT publishes must be important, right ci?
0 Replies
 
cicerone imposter
 
  1  
Reply Sun 23 Mar, 2008 04:00 pm
Much more important than what you post on a2k.
0 Replies
 
hamburger
 
  1  
Reply Sun 23 Mar, 2008 04:11 pm
THE U.S. DEBT CLOCK

Quote:
U.S. NATIONAL DEBT CLOCK

The Outstanding Public Debt as of 23 Mar 2008 at 10:05:47 PM GMT is:

$9,397,147,749,655

The estimated population of the United States is 303,676,937
so each citizen's share of this debt is $30,944.56.

The National Debt has continued to increase an average of
$1.65 billion per day since September 29, 2006!

0 Replies
 
cicerone imposter
 
  1  
Reply Sun 23 Mar, 2008 04:41 pm
hbg, I believe those stats are wrong. Our government continues to spend money like there's no tomorrow with the wars in Iraq and Afghanistan, and the bailout of banks/financial institutions that must be paid with cheaper, depreciated, dollars.

We've already lost over 30 percent in the value of the US dollar, and it's just the beginning.

US government bonds are gonna be worth zilch in short order the way they're accumulating debt.

Our food and energy costs are increasing at much higher rates now, and there's no end in sight.
0 Replies
 
Ramafuchs
 
  1  
Reply Mon 24 Mar, 2008 04:47 pm
May I beg to draw attention of this serious subject which i had followed right from the beginning?
Let us get some clarity please.
Is the author of this thread is of the opinion that USA has a wonderful economic system?
0 Replies
 
cicerone imposter
 
  1  
Reply Fri 28 Mar, 2008 11:17 am
Someone on this thread was talking about making an investment in gold. How do you feel about gold investment now?
0 Replies
 
Ramafuchs
 
  1  
Reply Fri 28 Mar, 2008 02:41 pm
"US financial system was turned into a chop shop where stolen property is taken to be dismantled and sold off piecemeal. That Republicans, the party of fiscal conservatism and limited government, presided over the unravelling of fiscal common sense is astounding.

Using other people's money only works when other people have confidence that you can deliver predictable repayment of your debts. There is nothing predictable about what is happening in the US economy, as skeins of markets unravel. Unprecedented, is the better word."

Alan Farago
0 Replies
 
Ramafuchs
 
  1  
Reply Fri 28 Mar, 2008 02:53 pm
"For more than a decade, we Americans have been living on an economic San Andreas fault--a foundation of fracturing competitiveness covered by unsustainable consumer spending with money borrowed from foreigners. A financial earthquake was inevitable. We don't know how high on the recession Richter scale the current crisis will take us, but it increasingly looks like, as they say in San Francisco, "The Big One."


Otto von Bismarck once remarked, "There is a Providence that protects idiots, drunkards, children and the United States of America." Let's hope it's still true. "

http://www.thenation.com/doc/20080414/faux/3
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