Talking about 'unfunded liabilities' - which are in those charts costs that will arise in the future without regard to the income of those nations in the future. Of course medicaid will incure costs in the future - but that doesn't mean that the government will stop getting income through tax in the future. So calling those costs 'unfunded liabilities' is kind of ...not honest.
But talking about 'unfunded liabilities' - how do you think about derivates and 'futures' - a market that is 'valued' at more then a thousand trillion of dollars!
Completely 'unfunded' the same - as it just works on the assumption that tomorrow oil wells will still pump out oil and farmers will still work the land (hint, only one thing will last 'forever' as a reasonable assumption).
the S&P already downgraded the US which normally should raise the rates but it actually had the opposite effect. As for Greece if they default they are proper f**ked if they have to ever issue bonds again.
The US stock markets are a rigged casino because the US Federal Reserve is printing so much paper money forcing up artifically and temporarily the stock prices. The S&P will crash went the money printing stops working [ think of the game : musical chairs ].
Greece will take down much of Europe when ( Not if ) the Credit Default Swaps [ CDSs ] with other European banks and countries explode. The US Fed is pumping many hundreds of Billions of US taxpayer paper to keep that European Ponzi scheme going for a few more months.
This will be worse than when the Barry Madoff's scam blew up.
------------
Indirect interest rate refers to what the original producers, like farmers and such, have to pay to borrow money to buy seed, fertilizer, diesel, etc. to start planting.
Second, processors and transporters also have to borrow money at market rates [ they do not have printing presses like Bernake and pals ] .
Third, retail stores have similar interest rate issues / expenses. It is indirect becaue the customers do not directly see these expenses, but those expenses do exist in the form of higher food, etc. prices.
Wasn't exactly their fault. This is just as much, or even more of a fault, of the EU who made Greece debt seem more of a safe bet. I mean how does Greek debt change from being almost worthless to safe overnight! Listen to This American Life from a couple of weeks ago,
Specifically, banks that knew they were lending to an over-leveraged government but expected that bailouts would happen when Greece finally began to collapse. So, this is all a money transfer from those who did not make bad lending decisions to those that did, and the ones that made bad borrowing decisions.
Hell, some of the banks were in on the act of hiding how badly leveraged Greece was. If that isn't their fault, what is?
Yes, they are necessary, but when the push the debt drug to addicts like Greece, I have no sympathy for them.
When they arrange sub-prime mortgages to people who can't pay them back so they can bundle them and defraud investors with a product they have designed to fail they cross into the realm of outright criminals.
Still, they have the money, and can afford the politicians, so they don't go to jail or even suffer.
The world is entering a critical period similar to other important transitions in history, such as The French Revolution, the collapse of Rome, and the periods that preceded the World Wars.
The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, against defaulted collateral.
I have never heard that term, and seriously that makes no sense. What does "original" producers mean? And as for the money they borrow to buy seed, fertilizer, diesel is the same that anyone in any other business would borrow. Everyone borrows money - interest rate is interest rate.Comment is buried, click here to see the rest.
pivenFeb 6, 2012Buried
Lies, Damned Lies, and Government Statistics.
The policy of * kicking the can down the road * is failing.
http://images.johnmauldin.com/uploads/charts/123111-01.jpg
ereneeFeb 6, 2012Buried
banks.
pivenFeb 6, 2012Buried
Most everyone are now and will be paying even higher prices for most everything because of the US federal government money printing.
Already most prices of food , energy... are up year over year.
Eventually, this money printing scam will blow up - causing an explosion in direct and indirect interest rates.
Not just Germany in the 1920s and .. .
Greece now :
http://isnblog.ethz.ch/wp-content/uploads/2011/09/bond-interest.png
pivenFeb 6, 2012Buried
Ready for a massive increase in future interest rates ?
http://www.usdebtclock.org/
stockjonesFeb 7, 2012Buried
Stagflation..Yes Obama = Carter 2.0. Keep printing that money.
captswuitsFeb 7, 2012Buried
Mad at the info on the slides or the fact that there are slides?
captswuitsFeb 7, 2012Buried
Are they really "that far down the road" than we are? Seems like the world is almost on par with them if you ask me.
captswuitsFeb 7, 2012Buried
History does repeat itself, its just a matter of which part of history. I do agree to a large extent.
murxFeb 6, 2012Buried
Talking about 'unfunded liabilities' - which are in those charts costs that will arise in the future without regard to the income of those nations in the future. Of course medicaid will incure costs in the future - but that doesn't mean that the government will stop getting income through tax in the future. So calling those costs 'unfunded liabilities' is kind of ...not honest.
But talking about 'unfunded liabilities' - how do you think about derivates and 'futures' - a market that is 'valued' at more then a thousand trillion of dollars!
Completely 'unfunded' the same - as it just works on the assumption that tomorrow oil wells will still pump out oil and farmers will still work the land (hint, only one thing will last 'forever' as a reasonable assumption).
freedom74Feb 6, 2012Buried
the S&P already downgraded the US which normally should raise the rates but it actually had the opposite effect. As for Greece if they default they are proper f**ked if they have to ever issue bonds again.
What is an indirect interest rate?
pivenFeb 6, 2012Buried
The US stock markets are a rigged casino because the US Federal Reserve is printing so much paper money forcing up artifically and temporarily the stock prices. The S&P will crash went the money printing stops working [ think of the game : musical chairs ].
Greece will take down much of Europe when ( Not if ) the Credit Default Swaps [ CDSs ] with other European banks and countries explode. The US Fed is pumping many hundreds of Billions of US taxpayer paper to keep that European Ponzi scheme going for a few more months.
This will be worse than when the Barry Madoff's scam blew up.
------------
Indirect interest rate refers to what the original producers, like farmers and such, have to pay to borrow money to buy seed, fertilizer, diesel, etc. to start planting.
Second, processors and transporters also have to borrow money at market rates [ they do not have printing presses like Bernake and pals ] .
Third, retail stores have similar interest rate issues / expenses. It is indirect becaue the customers do not directly see these expenses, but those expenses do exist in the form of higher food, etc. prices.
stevanoskiFeb 6, 2012Buried
The US gains if Europe goes under as it makes our dollars still a safer, better bet. When Europe recovers watch the value of the dollar collapse.
southsideirishFeb 6, 2012Buried
Wasn't exactly their fault. This is just as much, or even more of a fault, of the EU who made Greece debt seem more of a safe bet. I mean how does Greek debt change from being almost worthless to safe overnight! Listen to This American Life from a couple of weeks ago,
The EU and the Euro is effed bad.
kaelyiestaFeb 6, 2012Buried
Specifically, banks that knew they were lending to an over-leveraged government but expected that bailouts would happen when Greece finally began to collapse. So, this is all a money transfer from those who did not make bad lending decisions to those that did, and the ones that made bad borrowing decisions.
Hell, some of the banks were in on the act of hiding how badly leveraged Greece was. If that isn't their fault, what is?
Mark_LincolnFeb 6, 2012Buried
Why do bankers seem to be just like drug pushers?
Yes, they are necessary, but when the push the debt drug to addicts like Greece, I have no sympathy for them.
When they arrange sub-prime mortgages to people who can't pay them back so they can bundle them and defraud investors with a product they have designed to fail they cross into the realm of outright criminals.
Still, they have the money, and can afford the politicians, so they don't go to jail or even suffer.
pivenFeb 7, 2012Buried
The world is entering a critical period similar to other important transitions in history, such as The French Revolution, the collapse of Rome, and the periods that preceded the World Wars.
The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, against defaulted collateral.
Prepare yourself for what lies ahead.
freedom74Feb 6, 2012Buried
whose interest rates?
freedom74Feb 7, 2012Buried
I have never heard that term, and seriously that makes no sense. What does "original" producers mean? And as for the money they borrow to buy seed, fertilizer, diesel is the same that anyone in any other business would borrow. Everyone borrows money - interest rate is interest rate.Comment is buried, click here to see the rest.
akronFeb 6, 2012Buried
f**k these f**king slideshow bulls**t things.
f**k!