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Re: Obama's New Cold War 

By: faul in FFFT3 | Recommend this post (1)
Wed, 24 Dec 14 3:09 PM | 34 view(s)
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Msg. 06639 of 65535
(This msg. is a reply to 06631 by Zimbler0)

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The idea that the US can service it's $18 trillion & growing
debt as well as it's tens of trillions of unfunded liabilities
at normalised interest rates is laughable......you are already
at 105% debt to GDP.....Russia is at only 13% & has a trade
surplus every year,something the US hasn't had for over
40 years.....

You claim a GDP of 5%,unemployment at 5.8% & that your
economy has decoupled from the rest of the world & planet,
& yet you still can't raise your interest rates up from 0.2%
which they have been sitting at for over 6 years!

Citibank & the bankers through your 'elected representatives'
have now put the US taxpayer on the hook for hundreds of
Trillions of derivatives......honestly who runs the country
Your Representatives or Your Banks!Why would the people
that are supposed to represent your interests & your country
allow the taxpayers to be liable for hundreds of trillions of
potential losses from bad banking bets?Is this how free markets,
freedom & democracy works or is this how a nation run &
controlled by it's banks works??

The US is being set up to collapse,being put on the hook
for hundreds of trillions of bank derivatives is surely the
means....



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The above is a reply to the following message:
Re: Obama's New Cold War
By: Zimbler0
in FFFT3
Wed, 24 Dec 14 5:37 AM
Msg. 06631 of 65535

Clo> China needs America to continue buying their crap or they are up the creek.


Zim: Nope. We have to buy Chinese schlock a lot
more than they need U.S. to buy it. (We no longer
have the capability to make stuff we once did.)


Faul> All the China Russian energy deals do not involve the petrodollar........i wonder why?


Zim: Probably because nobody really trusts anyone
else's currency. With the U.S. dollar . . . as bad
as we have been with 'printing it' . . . there is
at least an illusion of U.S. servicing the debt.

China will say they want Gold to back the next
'global currency' . . . but what they really want is
for the next 'global currency' to be theirs with the
ability to print as much of it as they want.

Zim.


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