Posted by:: König Prüße, GfbAEV
Date: Fri, 11 Mar 2005 18:26:26 GMT
--------
"Quirk" wrote:
>Down Down Down she goes, where she stops nobody knows.
>
>http://www.bea.gov/bea/newsrel/tradnewsrelease.htm
>
$58.3 billion?
Chump change!
Bill Gates got that much.
Get a clue, fer Chrissakes!
Posted by:: "iDRMRSR"
Date: Fri, 11 Mar 2005 13:42:35 -0500
--------
>>$58.3 billion?
Chump change!
<<
Fuck yeah! We got their STUFF and they got our MONEY. Cars, DVD players,
oil, eats, coffee, clothes, big screen TVs, cell phones, weapons of mass
destruction, chemical warfare agents, good drugs, bad drugs, cheese, wine,
chocolate, diamonds. All that STUFF for a "promise to pay".
STUFF is always better than MONEY no matter what kind of whacky economist
you are!!!
[*]
-----
Posted by:: "Quirk"
Date: 11 Mar 2005 10:48:24 -0800
--------
iDRMRSR wrote:
> STUFF is always better than MONEY no matter what kind of whacky
economist
> you are!!!
And when the money comes home, making demands on non existant supply,
what happens to its value?
Records lows next week, if not by close of market tonight.
Posted by:: König Prüße, GfbAEV
Date: Fri, 11 Mar 2005 19:04:22 GMT
--------
"Quirk" wrote:
>
>iDRMRSR wrote:
>
>> STUFF is always better than MONEY no matter what kind of whacky
>economist
>> you are!!!
>
>And when the money comes home, making demands on non existant supply,
>what happens to its value?
>
>Records lows next week, if not by close of market tonight.
>
When the money comes home?
And just where in the fuk is that, your house?
Blow me!
You are just trying to be Al Greenspan, whom I
don't need his sanctimonious, self-aggrandizing
pontificating either.
Feh!
Posted by:: eiranis@hotmail.com (Hurricane)
Date: 11 Mar 2005 15:53:37 -0800
--------
Well maybe bill gates has $58.3 billion but he hadn't done much
lately. Mr. Carlos Slim, owner of Telmex (Mexican Telephones) is half
way to catch him, he has 26.1 billion, next year he might be close to
him, even surpass him, remember my words. kids.
Posted by:: "ruetheday@outgun.com"
Date: 11 Mar 2005 10:43:09 -0800
--------
>Down Down Down she goes, where she stops nobody knows.
>http://www.bea.gov/bea/newsrel/tradnewsrelease.htm
The trade deficit is just a symptom of the budget deficit and the
nation's low savings rate. We have to run a capital surplus to fuel
our current consumption levels, and the current account deficit is one
of the results of doing that.
Posted by:: "Bill"
Date: Fri, 11 Mar 2005 20:41:59 GMT
--------
"Quirk" wrote in message
news:1110562598.782828.92760@o13g2000cwo.googlegroups.com...
> Down Down Down she goes, where she stops nobody knows.
>
> http://www.bea.gov/bea/newsrel/tradnewsrelease.htm
>
To me, the most worrisome thing about this is the amount of US assets
increasingly held by foreigners - e.g. US bonds. At some point they may become
concerned about the falling dollar and not buy more or even start to dump
some. Greenspan expects a soft landing. But that's just a bet. The reverse
could happen.
Bill
Posted by:: "Rev Chain Smerker"
Date: Fri, 11 Mar 2005 22:01:11 GMT
--------
"Bill" wrote in message
news:ronYd.8594$DW.7320@newssvr17.news.prodigy.com...
>
> "Quirk" wrote in message
> news:1110562598.782828.92760@o13g2000cwo.googlegroups.com...
>> Down Down Down she goes, where she stops nobody knows.
>>
>> http://www.bea.gov/bea/newsrel/tradnewsrelease.htm
>>
>
> To me, the most worrisome thing about this is the amount of US assets
> increasingly held by foreigners - e.g. US bonds. At some point they may
> become concerned about the falling dollar and not buy more or even start
> to dump some. Greenspan expects a soft landing. But that's just a bet. The
> reverse could happen.
>
> Bill
>
Damn foriengners! its all there fault
Posted by:: phy
Date: Sat, 12 Mar 2005 03:27:31 GMT
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"Rev Chain Smerker" wrote in
news:HyoYd.193569$K7.121247@news-server.bigpond.net.au:
> Damn foriengners! its all there fault
Yeah, we oughtta nuke the sons-a-bitches. If they aint buying our crap,
what use are they to us?
-phy
Posted by:: Tim Keating
Date: Fri, 11 Mar 2005 17:09:39 -0500
--------
On Fri, 11 Mar 2005 20:41:59 GMT, "Bill" wrote:
>
>"Quirk" wrote in message
>news:1110562598.782828.92760@o13g2000cwo.googlegroups.com...
>> Down Down Down she goes, where she stops nobody knows.
>>
>> http://www.bea.gov/bea/newsrel/tradnewsrelease.htm
>>
>
>To me, the most worrisome thing about this is the amount of US assets
>increasingly held by foreigners - e.g. US bonds. At some point they may become
>concerned about the falling dollar and not buy more or even start to dump
>some. Greenspan expects a soft landing. But that's just a bet. The reverse
>could happen.
Greenspan is a member of the "Faith Based Economics" crowd.
Use that tidbit of information wisely.
Posted by:: "krustymadfaker"
Date: 11 Mar 2005 15:58:35 -0800
--------
>>>>Greenspan is a member of the "Faith Based Economics" crowd.
Use that tidbit of information wisely. >>>>
In the year 4545 Mr. Al Greenspan will be wearing
Don Knotts clothing style wardrobe including the
underwear, wisely.
Rev. KrustyMADfaker
"All internal security agents please turn in your personal effects and
report to the food vats." -Paranoia R.P.G.
Posted by:: HellPope Huey
Date: Sat, 12 Mar 2005 02:44:44 GMT
--------
In article ,
"Bill" wrote:
> "Quirk" wrote in message
> news:1110562598.782828.92760@o13g2000cwo.googlegroups.com...
> > Down Down Down she goes, where she stops nobody knows.
> > http://www.bea.gov/bea/newsrel/tradnewsrelease.htm
>
> To me, the most worrisome thing about this is the amount of US assets
> increasingly held by foreigners - e.g. US bonds. At some point they may
> become
> concerned about the falling dollar and not buy more or even start to dump
> some. Greenspan expects a soft landing. But that's just a bet. The reverse
> could happen.
I am also curious to see at what point that massive debt leads to a
severe drop in faith in the dollar and so many nations begin trading in
Euros that a new global economic shift takes place. Certain Chinese
factories have begun to complain about a drop in profits, which is a bit
of an eye-opener. If as their largest customer, we lose enough of our
ability to buy their goods, THEY are fucked and of course, the bigger
they are, the bigger the pop when they ARE fucked.
The Bible says the world will end by fire next time. I can think of few
better things with which to light a fuse than someone's finances being
trashed. BOOM!
--
HellPope Huey
Step outside the Box;
I mean, its a catbox, fer chrissakes
Possibly the only dismaying aspect of excellence
is that it makes living in a world of mediocrity
an ongoing prospect of a living Hell.
- Harlan Ellison
"Diaper fee for chimp brides."
- "The Simpsons"
Posted by:: "Rev. Richard Skull"
Date: 11 Mar 2005 19:00:48 -0800
--------
>> I am also curious to see at what point that massive debt leads to a
severe drop in faith in the dollar and so many nations begin trading in
Euros that a new global economic shift takes place. Certain Chinese
factories have begun to complain about a drop in profits, which is a
bit
of an eye-opener. If as their largest customer, we lose enough of our
ability to buy their goods, THEY are fucked and of course, the bigger
they are, the bigger the pop when they ARE fucked.
The Bible says the world will end by fire next time. I can think of
few
better things with which to light a fuse than someone's finances being
trashed. BOOM! <<
As long as we have our noses up the Saudi's assholes there will some
value to the dollar. Right now, the US Dollar is still the offical
currency if you want to buy oil.
Some of the non-Saudi producers are accepting Euro's on a limited
basis.
But remember the Saudi's will be more then happy to stab us in the
back. After all, they treat their own citizens like slaves. As soon
they feel they might loose their ass's, the switch will come.
This is part of the reason gas prices have gotten so high. The value of
the Dollar droped 30%. The price of oil goes up at least 30% to the
producers can cover their loses.
Once OPEC drops the Dollar as "Offical Currency", that will be it.
Demand for Dollars will drop to nothing.
Posted by:: wcb
Date: Sat, 19 Mar 2005 21:43:20 -0600
--------
HellPope Huey wrote:
> In article ,
> "Bill" wrote:
>> "Quirk" wrote in message
>> news:1110562598.782828.92760@o13g2000cwo.googlegroups.com...
>
>> > Down Down Down she goes, where she stops nobody knows.
>> > http://www.bea.gov/bea/newsrel/tradnewsrelease.htm
>>
>> To me, the most worrisome thing about this is the amount of US assets
>> increasingly held by foreigners - e.g. US bonds. At some point they may
>> become
>> concerned about the falling dollar and not buy more or even start to dump
>> some. Greenspan expects a soft landing. But that's just a bet. The
>> reverse could happen.
>
> I am also curious to see at what point that massive debt leads to a
> severe drop in faith in the dollar and so many nations begin trading in
> Euros that a new global economic shift takes place. Certain Chinese
> factories have begun to complain about a drop in profits, which is a bit
> of an eye-opener. If as their largest customer, we lose enough of our
> ability to buy their goods, THEY are fucked and of course, the bigger
> they are, the bigger the pop when they ARE fucked.
>
> The Bible says the world will end by fire next time. I can think of few
> better things with which to light a fuse than someone's finances being
> trashed. BOOM!
>
Hopefully it will be severely trashed by 2006's off year
elections. I'd like to see a few GOP Senators flayed alive
on the Senate building steps.
--
Cheerful Charlie
Posted by:: phy
Date: Sat, 12 Mar 2005 03:25:01 GMT
--------
"Quirk" wrote in
news:1110562598.782828.92760@o13g2000cwo.googlegroups.com:
> Down Down Down she goes, where she stops nobody knows.
>
> http://www.bea.gov/bea/newsrel/tradnewsrelease.htm
>
>
Remember back in the '80's when they had that big Buy American push? I
wonder whatever happened to that? Mmmm, could it be -WalMart? Hmmm?
-phy
Posted by:: König Prüße, GfbAEV
Date: Sat, 12 Mar 2005 03:46:13 GMT
--------
phy wrote:
>"Quirk" wrote in
>news:1110562598.782828.92760@o13g2000cwo.googlegroups.com:
>
>> Down Down Down she goes, where she stops nobody knows.
>>
>> http://www.bea.gov/bea/newsrel/tradnewsrelease.htm
>>
>>
>
>Remember back in the '80's when they had that big Buy American push? I
>wonder whatever happened to that? Mmmm, could it be -WalMart? Hmmm?
>
>-phy
A while back, I heard it said that 1 out of 128 American workers
now work for WalMart!
Skeery!
Posted by:: phy
Date: Sat, 12 Mar 2005 03:51:34 GMT
--------
König Prüße, GfbAEV wrote in
news:9CtYd.371264$w62.314163@bgtnsc05-news.ops.worldnet.att.net:
> A while back, I heard it said that 1 out of 128 American workers
> now work for WalMart!
>
> Skeery!
I bet the ratio is greater than that here in Alabama. Also 51% of
schoolkids here live in poverty.
-phy
Posted by:: ¦++¦ <¦++¦@tpg.com.au>
Date: Sat, 12 Mar 2005 15:18:40 +1100
--------
On Sat, 12 Mar 2005 03:51:34 GMT, phy wrote in
message id :
>I bet the ratio is greater than that here in Alabama. Also 51% of
>schoolkids here live in poverty.
Many years ago Australia's Prime Minister Bob Hawke promised that by
the year 1990 "No Australian Child will live in poverty". Most people
dismissed this the ravings of a demented Labor politician amazed at
the seeming ability of our beloved leader to emulate King Canute.
Today we have riots in parts of Sydney especially in areas where the
young can't find work. I notice that unemployment is at it's lowest
in many years despite these pockets of poverty.
http://www.abc.net.au/am/stories/s36058.htm
=======================================================
AM Archive - Wednesday, 14 July , 1999 00:00:00
Reporter: Peter Martin
COMPERE: Twelve years after former Prime Minister Bob Hawke famously
promised that no Australian child would live in poverty, there's
disturbing news this morning suggesting that in one respect child
poverty is getting worse. One out of every three Australian children
now lives in a household without a male bread-winner, and nearly one
in five lives in a household without any bread-winner at all.
Professor Bob Gregory is a labour market economist who until recently
sat on the Board of Australia's Reserve Bank. He's speaking to our
economics correspondent, Peter Martin.
BOB GREGORY: At the moment almost one in five children live in a
household where no parent's employed.
REPORTER: None whatsoever?
BOB GREGORY: No. One in three live in a household where there's no
employed male.
REPORTER: Is that much worse than what was the case, say, 20 years
ago?
BOB GREGORY: Oh, yes, there's no doubt about that.
=====================================================
I don't have children. If I did they'd be out of luck.
The Aussie dollar is now trading at just under 80 US cents which is
something of an improvement of 49 US cents a year or so ago....
Define poverty !
Australia has some form of social security system. I understand the
United States idea of a social security system is "look out for number
one and don't expect the government to feed you".
... which is very similar to parts of Africa.
Posted by:: König Prüße, GfbAEV
Date: Sat, 12 Mar 2005 04:33:39 GMT
--------
¦++¦ <¦++¦ wrote:
>On Sat, 12 Mar 2005 03:51:34 GMT, phy wrote in
>message id :
>
>>I bet the ratio is greater than that here in Alabama. Also 51% of
>>schoolkids here live in poverty.
>
> Many years ago Australia's Prime Minister Bob Hawke promised that by
>the year 1990 "No Australian Child will live in poverty". Most people
>dismissed this the ravings of a demented Labor politician amazed at
>the seeming ability of our beloved leader to emulate King Canute.
King Canute!?!?
Well, there's your problem!
If Dame Edna were Queen of Australia, everything would get
straightened out in no time at all!
http://www.dame-edna.com/
Posted by:: König Prüße, GfbAEV
Date: Sat, 12 Mar 2005 04:26:21 GMT
--------
phy wrote:
>König Prüße, GfbAEV wrote in
>news:9CtYd.371264$w62.314163@bgtnsc05-news.ops.worldnet.att.net:
>
>> A while back, I heard it said that 1 out of 128 American workers
>> now work for WalMart!
>>
>> Skeery!
>
>I bet the ratio is greater than that here in Alabama. Also 51% of
>schoolkids here live in poverty.
>
>-phy
I've only been through Alabama a few times.
One night, they were having a live ammo exercise
and dropping 500lb cast-iron bombs, it was loud
with lots of flashes. When I was doing EOD contract
work, no matter where we were working, everything
got stamped Army Corps of Engineers, Huntsville,
Alabama. Northern Alabama looked nice, but I saw
some big flat fields with tenant farmer shacks.
Muscle Shoals and Mobile Bay looked sorta fun.
They were selling T-Shirts that said "Red Neck Riviera"
Mercedes has a factory there, I guess; an Alabama Mercedes
boggles my mind, what's left of it.