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23-06-2016, 06:24 PM | #1 | ||
FF.Com.Au Hardcore
Join Date: Mar 2005
Posts: 5,272
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Found this article today.......... Obama has been telling lies saying that the U.S economy is in great shape when in actual fact it is all going backwards and is now, after fighting off a nearly 10 year long 'great recession' is back in another recession.
Sounds like The Fed (Janet Yellen) may have to implement Quantitative Easing again? (Stimulus package). Not a pretty sight and I reckon Oz will be in a similar position by the end of this year too. http://www.cnbc.com/2016/06/21/the-n...ommentary.html |
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23-06-2016, 06:30 PM | #2 | |||
Donating Member
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23-06-2016, 06:35 PM | #3 | ||
FF.Com.Au Hardcore
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Posts: 5,272
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23-06-2016, 06:37 PM | #4 | ||
Donating Member
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5, 4, 3, 2 .......
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23-06-2016, 07:01 PM | #6 | ||
FF.Com.Au Hardcore
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Location: perth
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yes still (as money n time permit) doing the rebuilding the zh fairlane with a clevo 400m 4v heads injected whipple blown with aode 4 speed trans to a 9" ....... we'll get there eventually just remember don't be afraid to try something new. Remember, amateurs built the Ark...Professionals built the Titanic! I have taken up meditation... at least it's better than sitting around doing nothing !! |
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23-06-2016, 07:06 PM | #7 | ||
FF.Com.Au Hardcore
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23-06-2016, 07:29 PM | #8 | ||
FF.Com.Au Hardcore
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Location: here and there
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when interest rates are basically zero Obama has no choice other than to "talk it up"
There should be enough "scare mongering" that Brittan wont leave the EU, this will give the world economy a short term lift . When it finally happens, which Aussie state will be first down the tube Queensland judging by the reports that they were "allocated" a chunk of NSW gst revenue (seeing as how NSW state Gov has a $$$$ surplus finally ) (Qld may have won the State of Origin, but financially they're )
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Ford LV2 Focus XR5 MODIFIED |
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23-06-2016, 07:33 PM | #9 | ||
FF.Com.Au Hardcore
Join Date: Feb 2010
Location: Geelong
Posts: 1,726
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It doesn't have to be locked if idiots resist the urge to be idiots.
I don't believe we will ever know the true state of the economy. Each party will spin it to suit their own agenda. There's only so much QE can do, their interest rates can only be cut once I think before they're back at zero. Although we're planning to return to the States soon so their bank can ease away! |
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23-06-2016, 07:56 PM | #10 | |||
bitch lasagne
Join Date: Aug 2012
Location: Sonova Beach
Posts: 15,110
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Quote:
As much as a Brexit will be for the benefit of Blighty, I seriously doubt the Establishment will allow it. But we'll know either way this time tomorrow.
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23-06-2016, 08:06 PM | #11 | ||
Banned
Join Date: Dec 2004
Posts: 8,303
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A dark part of me wants to see Trump get in because I want to watch the world burn
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23-06-2016, 08:16 PM | #12 | ||
FF.Com.Au Hardcore
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Ye some people reckon Trump is dangerous.
What worries me is if the U.S goes into another 'great recession' it could trigger a second GFC which this time would be 10 times worse than the last one in 08. Glad I dont have a huge mortgage like alot do these days thats for sure! |
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23-06-2016, 08:38 PM | #13 | |||
FF.Com.Au Hardcore
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23-06-2016, 08:40 PM | #14 | ||
FF.Com.Au Hardcore
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23-06-2016, 08:56 PM | #15 | ||||
FF.Com.Au Hardcore
Join Date: Sep 2008
Posts: 1,112
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Speaking of inevitable recessions - they're not just inevitable, they're essential. The economy can't perpetually grow, and the belief that it can, or should, will be the downfall of civilisation. Quote:
The economy probably won't seem so important if this psychopath gets in! |
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23-06-2016, 09:08 PM | #16 | |||
bitch lasagne
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23-06-2016, 09:21 PM | #17 | ||
IWCMOGTVM Club Supporter
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He is only worth 200 million....but he thinks his brand (the trump name) is worth 5 billion.
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Daniel |
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23-06-2016, 09:31 PM | #18 | |||
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23-06-2016, 09:37 PM | #19 | |||
bitch lasagne
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Quote:
http://www.forbes.com/sites/briandom.../#7dbcd02f135a
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24-06-2016, 01:28 AM | #20 | ||
FF.Com.Au Hardcore
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i dunno , the world is a different place to 40 years ago , where as countrys where sort of separated and it was every man for himself as far as economies go , we are all much more inter connected and basically it seems to me like the whole planet is in a wealth relocation process , it stands out like chihuahua goolies .
i cant see the pommies shifting out of the euro , too many people are like .... the old saying .... if your a little bird stuck in a cow pat situation , they are scared of getting out of that cow pat . personally i dont think it would make a lot of difference either way , imo things are just going to continue with the fat cats getting richer and the salt of the earth dudes continuing with their daily struggle to get a crust , and that is currently the way f the world ........6 or 7 billion dudes on our little planet struggling for a piece of the pie that is getting smaller every day .......... Drink more beer i say . |
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24-06-2016, 01:46 AM | #21 | ||
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24-06-2016, 06:18 AM | #22 | |||
Banned
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24-06-2016, 08:58 AM | #23 | |||||
bitch lasagne
Join Date: Aug 2012
Location: Sonova Beach
Posts: 15,110
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The US Constitution gave Congress the power to create the money of the new nation (Article I, Section 8): Quote:
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However this didn't sit well with Blighty at all, as these moves basically cut off their tribute from the Colonies. As a result, the prosperity of the new nation increased in leaps and bounds and the British Establishment was not happy, resulting in the war of 1812 and numerous attempts to hand over creation of the nations money to private banks. The bankers got their way in 1913 though and the US dollar has lost 97% of its value in the years since. The other (and far more serious) consequence of the Federal Reserve printing the nations currency is that every Federal Reserve Note is a debt-based instrument of currency (an IOU essentially). They are IOU's due to fractional reserve banking and finger snapping (almost literally, when they announced QE1, all the Fed did was create an entry in the ledger for $700 billion and there it was). This also applies to every single byte in the banking computer systems that came from the Federal Reserve (via quantitative easing and otherwise). Does that help clarify things or have I further muddied the waters?
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Last edited by Trump; 24-06-2016 at 09:05 AM. |
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24-06-2016, 01:41 PM | #25 | |||
FF.Com.Au Hardcore
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Posts: 2,215
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Such criminals are bleeding us all dry just like Vampires. Don't you all remember the last crash that was created by such moronic criminals and the tax payers balled them out, well girls and boys they are coming after your Super next, what poor deluded fools one must be to support such Vampires. |
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24-06-2016, 01:42 PM | #26 | |||
FF.Com.Au Hardcore
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Quote:
Most people have no idea about this and continue to believe he's a billionaire.
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www.bseries.com.au/mercurybullet 2016 Falcon XR8. Powered by the legend that is - David Winter. XC Cobra #181. 1985 Mack Superliner, CAT 3408, 24 speed Allison. |
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24-06-2016, 01:52 PM | #27 | ||
Where to next??
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Location: Sydney
Posts: 8,893
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Saw something on ninemsn today saying he was broke?? Didn't click on it.
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___________________________ I've been around the world a couple of times or maybe more....... |
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24-06-2016, 02:38 PM | #28 | ||
FF.Com.Au Hardcore
Join Date: Apr 2013
Posts: 3,318
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Wrong read carry on
Last edited by CoupeKing; 24-06-2016 at 02:40 PM. Reason: noob |
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24-06-2016, 02:42 PM | #29 | |||
FF.Com.Au Hardcore
Join Date: Apr 2009
Posts: 2,215
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Quote:
Who would want a 70yo woman to be in charge of a nation truly seriously, it's just madness. Oh hubby was the leader, I want to be the leader I thought that USA was a democracy so what's this JB senior JB junior and JB baby Bush bloody royalty are they ! |
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24-06-2016, 02:45 PM | #30 | |||
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I was really hoping that you would have snuck at least one 'nazi' in there |
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