Friday, May 1, 2009

THE US (and UK) GOVERNMENT HAS LOST ALL CONTROL

IT AINT OVER 'TIL THE FAT LADY SINGS

What stood out was the charts for US debt growing exponentially & World trade collapsing The detail and figures mentioned in the following headings are worth a read. US individuals one month from bankruptcy. Deflation or Hyperinflation. - (UK noted)

Posted by debtfree @ 09:17 PM (1560 views)
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20 thoughts on “THE US (and UK) GOVERNMENT HAS LOST ALL CONTROL

  • Oh my god ! That is one scarey read !

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  • Paper money eventually returns to its intrinsic value – ZERO

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  • Cool chart coming up ( if I can find it).

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  • Haven’t found the chart I wanted yet, but here’s the hors d’oeuvre…

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  • Should we publish the banking stress results? Maybe not. Obama to make banking classified activity. And who is talking down the housing market to comit an ofence?

    Give it up Wall Street you are not that rich as you thought but still very rich and should be happy with what God has provided you so far.

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  • @ 5. mander said…Should we publish the banking stress results?

    Does it matter?

    The financiers are at last beginning to acknowledge that the banks are fucced.

    Meanwhile the general public, if they are thinking at all, are contemplating those erroneous green shoots.

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  • This article is a great contrast to all the current crap about ”green shoots”.

    Thanks for posting.

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  • great in part, but the section about Pakistan, being overrun by the Taliban, is Bull..

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  • @8. amjidk said…

    could you expand the bull bit?

    any links or quotes to show that pakistan is not being overrun by taliban?

    here’s an example: http://www.heraldextra.com/content/view/307698/36/

    The government in Islamabad is refusing to extend the operation beyond Buner and halt the peace talks favored by many Pakistanis skeptical of Western goals in the region.

    The army expects to wind up the Buner operation within a week of when it started.

    Wouldn’t exactly call that flushing out the enemy, would you?

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  • It’s so obvious that this ‘news’ article is just an advert for gold it’s laughable.

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  • with cyril on this one.

    That is a Gold ramping advert, see the last paragraph. From my point of view the last paragraph throws into question the whole article.

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  • Yep – the world is going down the plughole but those of you who follow me into gold will stay afloat.

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  • cyril, str2007,

    understand what your saying.

    it’s hard to judge what to trust right now.

    but so far, a small percentage of the gold crowd have been right. not for just a few months but for a long time. all the reasons for investing since 2002 have all unfolded. currency is becoming worthless, debt is expanding at such a rate it will never be repaid, exports are collapsing and the global economy is in freefall.

    just like with the property porn shows and foreign investment schemes, some people give the gold sector a bad name and hype it up for obvious reasons so you invest with them.

    this newsletter doesn’t have flashing adverts and links to buy coins which makes me wonder why you would classify the this as gold ramping?

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  • It’s worse than 1929 because the US was a creditor nation then but is a debtor nation now. This argument conflates the US and the world since somebody’s debt is somebody else’s credit.

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  • @debtfree:- extending the operation beyond buner is not surprising, since i don’t think the Pakistani army wants to start operations in the heart of pashtun areas (they are very remote, sparsely populated, and very hard to control, in the long run, even if the Taliban are flushed out).However,the Pashtun areas end near Bunar (at attock) there is no history of Taliban support in these areas, i don’t see any advances beyond this area… So although the enemy won’t be destroyed, they will probably remain confined to the Northern areas….

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  • Leftukforgood says:

    theirs only one way to stay sane and perhaps fairly solvent and thats to spread your assets as thin as possible and
    in several currencies i hold cash in Aus$ HK$ sing$ USA$ and GBP about 20% of my assets gold about 2% so that should go
    up shares in London off shore Sydney and Hong Kong about 20% rest in let properties mostly residential a bit of commercial
    in USA UK Australia and Europe (just small bits) total around US$ 1 million

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  • @15 amjidk

    thanks for the info.

    found this article which seems to be well balanced with your view.

    Pashtun (aka Pathan) frontier tribes – collectively mislabelled “Taliban” by Western media – are up in arms again because they are being bombed by US Predator drones, and attacked by the Pakistani army. Still, the Pashtun “Taliban” have no influence outside their Northwest Frontier and, much smaller, in Baluchistan. They are not about to take over the rest of Pakistan.

    http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=288242&version=1&template_id=46&parent_id=26

    It really is becoming so difficult to trust what is going on. There is so much disinformation about, thanks for your reply amjidk.

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  • As the article mentions, “no law and order, no justice, 95% of the wealth in the hands of the elites,” and i might add, torture routine in prisons and police stations, corruption on an unimaginable scale,law of the jungle really, i think the support for the Taliban is a sign of desperation by people who yearn to be free (from the above)…..

    I don’t see any of the western countries addressing any of the issues above, in Pakistan or any of the Muslim world, all they do is complain about the mullahs…

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  • Stoatgobbler says:

    Weird.

    When self interested parties talk rubbish about houses, everyone here pillories them, but when the same thing happens about Gold it’s all great stuff.

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