View Full Version : U.S.A.'s Debt Problems
trying2win
09-22-2008, 03:30 PM
I thought Toronto Sun newspaper columinst Eric Margolis wrote an excellent article on the U.S.A.'S recent financial woes.
http://www.ericmargolis.com/archives/2008/09/us_orgy_of_debt.php
T2W
wonatthewire1
09-22-2008, 03:43 PM
interesting editorial
Looks like the Russians are stepping up their move into the power void quickly - should be an interesting few years coming up.
riskman
09-22-2008, 04:04 PM
When you read this article about the collapse of AIG you begin to get a sickening feeling in your stomach. The largest risk taker in the world gets involved with all these voodoo type financial instruments yet they are unable to put an accurate value on them.
" CDOs are hard to value. Suffice it to say, legend has it that constructing the cash flow payments on the first theoretical 3-tranche CDO (the simplest type of CDO) took a Cray Inc. (CRAY) supercomputer 48 hours. Now try and value credit default swaps on them!"
More here:
http://www.moneymorning.com/2008/09/22/credit-default-swaps-2/
This thought crossed my mind.
Are the American people blinded by the fact that this was planed by the democratic backers months in advance. They have no answer except to steal and plunder the American government(people). Did you notice how close it took place to the election. That was part of the plan to wait until after the election. Which will be a grave mistake in our economy. But why would the string pullers give a shit. They have raped the American people for the past several years and will continue to do so.
Perhaps there is more to what Sarah Palin has stated. I think she perhaps know more than the average Joe in Washington wants to admit. That is why so much attention was directed at her. She holds the Royal Flush in this poker game of politics. Do not think that the oil giants in Alaska did not put the word out about her ability as a political figure. In fact they may very well be backing what is taking place at the present time.
PERHAPS TIME WILL TELl.
wes
This has nothing to do with Obama's ability . The Democratic backers will use him as a bobble head for the party. All they want is an excape goat to continue to steal america blind.
When you read this article about the collapse of AIG you begin to get a sickening feeling in your stomach. The largest risk taker in the world gets involved with all these voodoo type financial instruments yet they are unable to put an accurate value on them.
" CDOs are hard to value. Suffice it to say, legend has it that constructing the cash flow payments on the first theoretical 3-tranche CDO (the simplest type of CDO) took a Cray Inc. (CRAY) supercomputer 48 hours. Now try and value credit default swaps on them!"
More here:
http://www.moneymorning.com/2008/09/22/credit-default-swaps-2/
yep, you would not believe the stories that never get into the main stream on these "inovations".
nobody knows or understands , yet we build a ton of crap on top of them and kick it all under the desk.
what could happen, nah not that!
Looks like the rest of the world will have to do without handouts.
O'Bama - the fool that he is - wants to GIVE the UN 50 Billion a year to fight poverty. Guess the third will have to fight it like we did - with their own sweat and effort. Uncle Sugar needs to stop global welfare. 'Bout damn time.
Americans will have to relearn the hard truth that you can’t borrow your way to prosperity.
The guy is an ASS. He should to see prosperity.
that statement taken at face value is true.
someone pays for it.
sammy the sage
09-23-2008, 07:17 PM
Ever seen an American below 30 ACTUALLY working...other than flipping burger's, playing a sport, or being some sort of cashier...
It's RARER than snowfall in FLORIDA! :( :mad:
trying2win
09-23-2008, 08:15 PM
The guy is an ASS. He should to see prosperity.
Tom,
I don't understand your second sentence. You may have a typo in there. I'm sure you meant what you said, it's just that you didn't say what you meant. Can you explain please?
Thanks,
T2W
He should live to see prosperity.
That wasn't a typo, it was a left-it-outo! :bang:
trying2win
09-24-2008, 03:04 PM
He should live to see prosperity.
That wasn't a typo, it was a left-it-outo! :bang:
Tom,
Ah! Now I see what you meant. Got it.
Thanks,
T2W
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