|
|
White House: Debt Ceiling Must Be Raised
By: MARTIN CRUTSINGER/AP on: 03.11.2004 [21:42 ] (6439 reads)
|
(3024 bytes) [nc]
|
|
Temporary offline
by Tet on 03.11.2004 [21:53 ]
|
|
|
"Republicans have proposed that the debt ceiling be raised by $690 billion to $8.074 trillion, an amount that would get the government through next September, when the 2005 budget year ends."
Looks like the administration plans on spending $690 billion of money they don't have in the next 9 months alone. If that doesn't have gold go through the roof and the d0llar start a major decline I don't know what will. Peace.
|
by FromPortugal on 03.11.2004 [22:16 ]
|
|
|
Hi Tet,
take a look to the article "Bush signs US.6 Defense Authorization Act" at "Around the World" Section.
Are these news related?
|
by Pavel Guest on 03.11.2004 [22:18 ]
|
|
|
The world is now holding 4.7 trillion dollars in worthless US currency assets. The nations of the world have foolishly traded hard assets like oil, minerals, timber, high valued goods for this huge mountain of worthless paper dollars. Furthermore, the US has made it clear that it will not allow foreigners to buy American corporations etc. outright with these worthless dollar assets. Sooner or later panic will set in when everybody starts unloading these dollars. US military might which forces nations to support US dollar hegemony will be powerless to stop it. With Iran ready to accept Euros and ready to set up a Bourse for marketing oil, the handwriting is on the wall for the US and the fiat US dollar. Collapse when it comes will be swift. Neither the US nor Israel can stop Iran militarily.
|
by Seatco Guest on 03.11.2004 [22:35 ]
|
|
|
those countries will try to avoid a quick exit. But who knows. Mnay thought the US would collapse in 97 and the tricky international bankers smoked Asia and parts of South America to keep the US afloat. It should have fallen in Sept. 2001. IN fact the very day of 9-11 many stock-cycle experts were waiting for the US crash to begin that very day! And then people on the iraqwar.ru bbs all said the US would collapse in 2003-04. But its still here.... The NWO bankers are very skillful and certainly the Zionists don't wish to see spending on the US war machine to end anytime soon. Really the US should have been toast in 97-98. I was so certain it would I prepared everything I owned for it, and as a result I missed out on the next years of the dotcom bubble. The poor guy at Cyberpro was so burned he gave up on his Elliott waves for months and even now he has given up on his website and only posts on it once every 6 months - if that. But it does look really bad this time - most countries with a deficits of over 5% of GDP crash at that point. As the US deficit neared that spot most of the experts predicted the US economy would tank. But it didn't. Now its over 6% and the talk is it will be 7 then 8%. I watch all the Bear-news sites. And they have a vast list of failed predictions. The NWO seems to break all the rules and get away with it.
|
by stopwar Guest on 03.11.2004 [23:35 ]
|
|
|
.
|
by Seatco Guest on 04.11.2004 [01:43 ]
|
|
|
They aren't meant to stop terrorism. They are meant to control the US masses. I used to believe that the large prision camps for US citizens built on US bases was just fiction (you know like the IR reports) but then I saw a copy of a Congressman's memo that spoke about them. Hmmm, I wonder if Seatco has a cell reserved. Luckily my brain surgen, Dr. Ruger, may not allow me to go.
|
by Guest on 04.11.2004 [02:07 ]
|
|
|
name the US bases that have "large prison camps for US citizens" Which one are they? Ft Wood? Ft Hood? Ft. Stewart? Be specific or spare us your fiction to make your NWO theory more plausible.
|
by Guest on 04.11.2004 [02:15 ]
|
|
|
that US citizens don't need to be locked away to be controlled. Their personal debt level is keeping them nice and obdient to their corporate masters. They DO want to feed their kids, after all. The fact that your authorities can enter and search their homes at their will also helps quite a bit.
|
by oldwhitelady Guest on 04.11.2004 [02:18 ]
|
|
|
I can't do that stuff at my bank, credit cards, etc., why can the US govt do that? ha ha ha., the president has a plan to reduce the debt in half by 2009, how? by filing bankruptcy?
|
by Guest on 04.11.2004 [03:00 ]
|
|
|
You CAN'T raise your debt ceiling at the bank? Maybe you're using the wrong one! Banks are practically FORCING me to raise my potential debt ceiling although I have no debt, want no debt, (can afford no debt according to my own standards). I regularly receive notification that my credit card limit was raised, always without my consent or request. One card limit was raised to $20,000!!! I DON'T WANT IT. When I call and tell them to reduce the limit, they sound as though there was something wrong with ME!
|
by Tet on 04.11.2004 [03:08 ]
|
|
|
This was a short article and sometimes I put the short economy articles in the News section. My marketing major for whatever that's worth tells me that sometimes I should remind the readers that we have an Economics Section. (And there is a good article there now, "The dismal failure of central bank monetary policy" & yes that's a plug). The article you mention is actually two articles, I would imagine if you wanted to break them up they would be news but together I think you've got them in the right spot. Peace.
|
by sk Guest on 04.11.2004 [04:30 ]
|
|
|
One reason is because they call 911 and bin Laden answered.... They went on a war path, and will be going on more just to keep themselfs alive....
|
by MmArRgDdOnN on 04.11.2004 [04:43 ]
|
|
|
Thanks for the financial update,..., you know me,..., no fiscal apptitudes what-so-ever.
Good to know someone is keeping an eye on shrubbies forays into economic disaster after disaster, guess his bottom line is as deep down into the chaotic abyss as his political ineptitudes,..., sure whish those Diebold Machines had of been hit with the old counter-counter measures routine, America sure needed a breath of fresh air from the cabal.
Oh well, despite Arnie,..., California gave the bum's rush to him,... well done and my regards to the entire State, he didn't fool everyone.
|
by MmArRgDdOnN on 04.11.2004 [04:46 ]
|
|
|
Left you a message on the other thread,..., ;)
|
by MmArRgDdOnN on 04.11.2004 [05:01 ]
|
|
|
In reference to the @FromPortugal post,..., do you detect that shrubbies latest forrays before the election a la Nov 01 and todays slight of hand tend to show he knew exactly what the outcome of the election was long before the election was conducted,..., can you see the subtle indicator of definate monkey business or is it just me.
One has to wonder if shrubbie had placed election outcome bets with his favorite Vegas bookie, that would get him kicked out of the hall of fame just like Pete Rose wouldn't it.
There was a financial trader on CBC talking about trading in some sort of activity that made big bucks out of the election outcome, didn't quite understand it but if shrubbie and family were caught profiteering in that type of activity, wouldn't they be keeping Martha company for a wee bit,..., cause for impeachment,..., etc.
|
by Fiat Dollar Guest on 04.11.2004 [12:04 ]
|
|
|
The Fiat Dollar has been worthless since the 70's when the US took away
the silver certificate. When Tokyo or San Francisco gets their long due
7.0 or more earth quake the dollars will flood the market along with the
NYSE.
|
by l33tm4n Guest on 04.11.2004 [15:14 ]
|
|
|
Somebody should tell Bush that you don't need to borrow money, just print more of it. And even more effective way is just add some zeros at the end. This way you can gen as much money you wan't. What a great new way to boost up the economy!!!
|
by 7f Guest on 04.11.2004 [18:51 ]
|
|
|
Governments have two ways of raising money. Directly taxing its people is the honest way. Some of the money you just earned is gone and thats the end of it. The other way governments raise money is by borrowing. If they borrow from their own citizens the amount of money in circulation is the same (translation: this is not inflationary) If they borrow from other contries or have the federal reserve just print up more (paying interest to the banks that own the federal reserve) they increase the amount of money in circulation. This is very inflationary. More dollars chasing the same number of goods. This reduces the worth by some percentage the value of your money, effectively TAXing you. Not only does this tax what you just earned, but all the money you saved that was already taxed, plus you as a citizen now have to pay interest on what you were just taxed. I'd rather pay my taxes outright !
|
|
RSS feed for articles and news
