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09-17-2014, 07:28 AM
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#1
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Valued Poster
Join Date: Dec 14, 2011
Location: Key Largo
Posts: 1,384
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The U.S. National Debt Has Grown By More Than A Trillion Dollars In The Last 12 Months
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09-17-2014, 07:34 AM
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#2
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Account Disabled
Join Date: Jan 3, 2010
Location: Here.
Posts: 13,781
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Can you describe the wealth transfer that will happen to Americans as the interest on the debt increases ?
In 2000 the interest on the debt was 6.6% today it is 2.0%; can you imagine the economic pain if rates tick up only 100 basis points (50% increase)?
Thanks for keeping this issue on the front page.
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09-17-2014, 08:32 AM
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#3
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Valued Poster
Join Date: Jan 16, 2010
Location: Texas
Posts: 51,038
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09-17-2014, 08:51 AM
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#4
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Making Pussy Great Again
Join Date: Jan 4, 2010
Location: In your closet, in your head...
Posts: 16,091
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From the article
Recently, strategists for Deutsche Bank released a startling study in regards to government debt. They decided to investigate whether or not the bond market is currently in a bubble. What they found was, unlike previous eras, the past 20 years has seen no lag between economic booms and busts: It has long been our view that over the last couple of decades the global economy has rolled from bubble to bubble with excesses never fully being allowed to unravel. Instead aggressive policy responses have encouraged them to roll into new bubbles.
This has arguably kept the modern financial system as we know it a going concern. Clearly there have always been bubbles formed through history but has there been a period like the last 20 years where the bursting of one bubble has consistently led directly to the formation of the next?
Our next bubble is the stock market. Large corporations are buying back their own stock at inflated prices with cheap borrowed money. When the fed raises interest rates these companies will turn once again to selling that stock. Most likely higher than what they are worth in the short term because investors will be hungry.
Once the values correct themselves we will see a stock market crash and billions of $ of fake wealth going down the drain again.
Rather than let it happen, the government will find a way to bail out these corporations and the whole process starts all over.
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09-17-2014, 08:55 AM
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#5
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Account Disabled
Join Date: Jan 3, 2010
Location: Here.
Posts: 13,781
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You might be right; but i think the next "bubble" to burst is the education bubble.....there just aren't enough good paying jobs being created to justify the cost of students borrowing up to $45,000 a year for their education. Most of the education inflation is in administrative costs which have little to nothing to do with the learning side of the equation.
On top of that, Tech Titans (think Zuckerberg), are trying to drive down TI labor costs by massive worker visas and outsourcing to developing economies.
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09-17-2014, 09:38 AM
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#6
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Lifetime Premium Access
Join Date: Jan 1, 2010
Location: houston
Posts: 48,267
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Quote:
Originally Posted by Whirlaway
Can you describe the wealth transfer that will happen to Americans as the interest on the debt increases ?
In 2000 the interest on the debt was 6.6% today it is 2.0%; can you imagine the economic pain if rates tick up only 100 basis points (50% increase)?
Thanks for keeping this issue on the front page.
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There are two huge wealth transfers....while you are quite correct on this one , folks like you and bm are silent or worse encourage the other. The other you might ask? Yes the one where we are constantly at war ..... transferring the wealth of many to a few in the Defense Industry.
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09-17-2014, 09:41 AM
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#7
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Valued Poster
Join Date: Mar 28, 2012
Location: Tel Aviv
Posts: 6,287
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Quote:
Originally Posted by WTF
There are two huge wealth transfers....while you are quite correct on this one , folks like you and bm are silent or worse encourage the other. The other you might ask? Yes the one where we are constantly at war ..... transferring the wealth of many to a few in the Defense Industry.
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You are also transferring massive amounts of wealth to the families of illegal immigrants - half of whom receive some kind of government assistance. Plus, probably 3/4's of all Democratic voters receive something....
What kind of stupid country does that?
(Hint - usually an empire building country that bankrupts itself trying to control the whole world and a ruling elite that craves power and prestige)
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09-17-2014, 09:42 AM
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#8
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Lifetime Premium Access
Join Date: Jan 1, 2010
Location: houston
Posts: 48,267
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Quote:
Originally Posted by Whirlaway
You might be right; but i think the next "bubble" to burst is the education bubble.....there just aren't enough good paying jobs being created to justify the cost of students borrowing up to $45,000 a year for their education. Most of the education inflation is in administrative costs which have little to nothing to do with the learning side of the equation.
On top of that, Tech Titans (think Zuckerberg), are trying to drive down TI labor costs by massive worker visas and outsourcing to developing economies.
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It was even worse when your party promoted the faux private funding of student loans.....but had the government back them. So when students defaulted...these so called private lenders were paid with taxpayer money.
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09-17-2014, 09:43 AM
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#9
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Lifetime Premium Access
Join Date: Jan 1, 2010
Location: houston
Posts: 48,267
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Quote:
Originally Posted by Jewish Lawyer
You are also transferring massive amounts of wealth to the families of illegal immigrants - half of whom receive some kind of government assistance.
What kind of stupid country does that?
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If you had a brain you'd see that much of that and arguably all is offset by the taxes they pay but will never receive in SS Medicare benefits.
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09-18-2014, 06:02 AM
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#10
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Valued Poster
Join Date: Mar 28, 2012
Location: Tel Aviv
Posts: 6,287
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Quote:
Originally Posted by WTF
If you had a brain you'd see that much of that and arguably all is offset by the taxes they pay but will never receive in SS Medicare benefits.
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If you had a brain you would realize that if they are in this country in their old age, they will end up getting those benefits - and then some.
You could be much surer that you'd benefit from immigration if we only allowed rich people to come!
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09-18-2014, 06:24 AM
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#11
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Account Disabled
Join Date: Jan 20, 2011
Location: kansas
Posts: 28,773
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Quote:
Originally Posted by Whirlaway
You might be right; but i think the next "bubble" to burst is the education bubble.....there just aren't enough good paying jobs being created to justify the cost of students borrowing up to $45,000 a year for their education. Most of the education inflation is in administrative costs which have little to nothing to do with the learning side of the equation.
On top of that, Tech Titans (think Zuckerberg), are trying to drive down TI labor costs by massive worker visas and outsourcing to developing economies.
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occupy wall street has been buying up student debt from debt collectors, paying it off then forgiving the debt to the student. Ain't that a bitch.
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09-18-2014, 10:12 AM
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#12
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Valued Poster
Join Date: Mar 28, 2012
Location: Tel Aviv
Posts: 6,287
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Quote:
Originally Posted by i'va biggen
occupy wall street has been buying up student debt from debt collectors, paying it off then forgiving the debt to the student. Ain't that a bitch.
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It would be great if they did a significant volume, then they could work on the national debt.
If private interests wish to pursue good works with their own money, that is good, even if they only pay off a few left wing wackos debt burdens.
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09-18-2014, 10:42 AM
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#13
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Account Disabled
Join Date: Jan 20, 2011
Location: kansas
Posts: 28,773
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Quote:
Originally Posted by Jewish Lawyer
It would be great if they did a significant volume, then they could work on the national debt.
If private interests wish to pursue good works with their own money, that is good, even if they only pay off a few left wing wackos debt burdens.
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Have done over a million dollars as to date,how do you know they are all left wing ass hole? Oh I guess the right never pays the bill anyway.
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09-18-2014, 11:01 AM
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#14
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Account Disabled
Join Date: Jun 19, 2011
Location: Dixie Land
Posts: 22,098
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Quote:
Originally Posted by i'va biggen
occupy wall street has been buying up student debt from debt collectors, paying it off then forgiving the debt to the student. Ain't that a bitch.
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4 million of 1.3 trillion, they have a loooong way to go. http://www.huffingtonpost.com/2014/0...n_5839174.html
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09-18-2014, 12:54 PM
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#15
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Account Disabled
Join Date: Jan 20, 2011
Location: kansas
Posts: 28,773
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Quote:
Originally Posted by IIFFOFRDB
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Well jump right in Mr potato head, no reason for the left to get all the glory.
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