Thanks for that article. Here's another that deals with the debt issue just a little further down the track.......... http://arabiangazette.com/us-debt-ceiling-presidential-election-2012/ The US Debt Ceiling and Presidential Election 2012 Article from Arabian Gazette Nov 6th 2012 Excerpt: "Last Wednesday, the Treasury department has notified that by the end of the year, the debt limit is to be reached again. The debt ceiling is at $16.4 trillion and it is expected that through the use of its funds, the debt limit will not be seen until early 2013. The treasury department has said that it would not default on its obligations and considering the political environment in Washington, any downgrade will be mainly ignored or taken with little consequence so a downgrade is not expected either. Many experts believe that teh US is still an A+ country and that the downgrade, even though it follows the letter of the law but fails to take 'spirit' into account" ".....even though it follows the letter of the law but fails to take 'spirit' into account" ??? LOL
had another argument with a group of 14-16 year olds last night about global warming and the carbon tax. they're all of the belief that its caused by man, and that a carbon tax WILL infact help lower the temperature of the world. not sure what agenda the teachers have these days but it seems its working.
That's a good question isn't it? Even before the existing BP drill site in the Gulf of Mexico sprang a leak at the bottom of the ocean, approvals were being issued, but few to none I can find to American companies. There will be some, but why exclude domestic companies? It is believed to have something to do with US energy policy being to promote renewables. Solyndra, Fisker, all those success stories.
Bottom line errol43 is correct as the energy is very expensive. The US has been burning other countries oil/energy and must now tap their own. The US is corrupt. Derivatives are out of control and money printing will lead to collapse of US dollar. Many other countries are better off the us..........
the original guy told me yesterday that im better off buying government bonds rather than gold and silver. made me laugh.
Always makes you better off paying for the privilege of lending money to someone else... where can I sign up to his newsletter
Fykus, Not sure about the $14 Trillion. I thought it was closer to $16 Trillion. http://www.usdebtclock.org/index.html With someone like that, just give up and tell him he must be right given he has a mickey mouse economics degree which would have been based on economic growth pegged to interest rates, rather than the more important economic growth to level of debt combined with unemployment. That school of mentality is what has driven this ponzi scheme in the first place. Tell him to put everything into "FIAT". Cheers markcoinoz
The best analogy I can draw for the USA is like they're playing one of those "Shoot'em Up" video games where you have all the cheats, infinite lives & a power switch if things get really bad. The US's military might combined with a need for 3/4 of the worlds manufactured consumer goods means that if they go down, then we all do. "GAME OVER"
