We would have to greatly expand our manufacturing base.

$$$ doesn't grow on trees notwithstanding most folks think it does.

Our standard of living would have to decline.

One of the above is certain, the other is unlikely with the present envirowacko mentalty.

Let's see if anyone can figger out which.

That is a nice chart, but the 2011 deficit turned out to be over 1.7 trillion, even larger than than 2010, so by year 1, it's already very inaccurate.

And we had a trade surplus and we were the world's largest exporter of oil until 1975

When you see "CBO", you know it's going to be from Skittle shitting unicorn land.





 

I was talking about this with someone not long ago and they made largely the same points.

From 1945 to about 1980, we enjoyed industrial supremacy over much of the rest of the world, because as major powers go we were the LEAST damaged by WW2.

But by the 1980s, "much of the rest of the world" was catching up.

And now, they HAVE caught up.

http://news.bbc.co.uk/2/hi/programmes/hardtalk/9639507.stm

great interview

Guess what country gave all the other 'catching up' countries the technical expertise, university educations, development 'funding', and a zillion other things so those countries could EAT THE GENEROUS COUNTRY'S LUNCH?

We basically handed them the knives on a friggin silver platter TO CUT OUR own throats!

I watched the whole thing in disbelief.

AND AT THE TAXPAYERS EXPENSE!!!

Ask youself, why would a sane political body want to destroy their own country?

[Hint the folks doing this aren't crazy... They're EVIL!]

EURUSD just broke Goldman's stop-loss level of 1.35, triggering them to sell.

http://www.zerohedge.com/news/eur-usd-rollercoaster-goes-down-goldman-stop-losses-are-triggered

Tomorrow is going to be interesting.

The black hole of debt implosion is dragging the world damn close to the event horizon.

Even though I've done what I can to prevail, I still feel like a deer in the headlights.

Yes, but the trade surplus that resulted is what made this country 'wealthy'. It was a short blip in US history, and most people think the prosperity of post war USA is normal and expected.

It isn't, which is why we have been in decline since 1975 and from 1975 to 2007 the wealth that resulted from the trade surplus was replaced by debt to keep the illusion of wealth gloing as the trade deficit drained the wealth from the country

Then the debt bubble popped.

And we have nothing left but reality.

That is why this isn't going to get better and there will be no recovery

Because we have close to a 1 Trillion dollar a year trade deficit and no plan to change that.

Two points I would like to add/clarify:

Rebuilding and outsourcing was part of the deterint to global nuclear war.  It was called Mutually Assured Economic Destruction.

The folks behind all this are most definitely Evil.  My faith tells me exactly who they answer to, and that is one of the reasons I am so adamant about exposing what their endgame is.  Fortunately, I have read the Book, and know who wins in the end.

Bonus points if you know the source without using google.

I had to cheat, so I will not post the answer.

http://www.infowars.com/gerald-celentes-gold-account-was-emptied-by-mf-global/

Gerald Celente’s gold account was emptied by MF Global

sure your 401K accounts are safe they have laws that say so.

Curly Howard?

Hint:
If you went to high school before 1980 you read it for a class, if not then you most likely saw the movie on TV.

My great aunt took me to see it when it came out.

She also took me to see Run Silent, Run Deep.

I think she had a thing for a few of the "hunks" or whatever they called them back then.

Rising dollar, lower equities and higher oil= bad juju, better pay attention.

Italy Opts Not To Release Preliminary GDP Data you smell that?

Oh Syria... can you smell what Ba'Rock is Cookin?

France got their ambasador out today.

So, no news isn't good news...

$15,OOO,OOO,OOO,OOOBAMA! - It's Official: Total US Debt Passes $15 Trillion

Watch the whole video...
 

Thanks.  Great video/interview.

 

EXACTLY!!!!

But try to get the 99.99% of the Sheeple to understand this.

They either CAN'T or WON'T TRY!

Exactly why I withdrew my entire individual retirement account.  Fuggem!

Every year some Congress critter talks about seizing the 401ks and then granting the holders a government annuity.  Sounds like another Social Security ponzi scheme to me.  You can't trust gubment, you can't trust investment firms like the MF Global (which bought out the firm that Celente was doing business with) and you certainly can't trust big banks.  Anything that Goldman Sachs can get its hands on it destroys.

Dang c-cuh-commuhnists!

-they're destroying the world.

MOBIUS: 'Hellish' financial crisis on its way...








These videos show how 'Prophets' are created...








 

That guy is a DOOMER a DOOMER I SAY DOOOOOOOOMMMMMMMERRRRRRRRRRR








even though he's right

With the ND now at 15T, I played with some math because I think we all take these numbers for granted.

If you spent 1 million a day how long would it take to spend a Trillion?

It would take 1,000,000 days or around 2,740 years.

If you wanted to spend it say in 50 years you would have to spend at around 20 billion a day.

So the next time someone pulls the "yet" or "how long" BS, remember these numbers and the fact that  the US debt has more than doubled in the last 7 years

If we ran a surplus for a few of the Clinton years, why did the debt still go up each and every year he was in office??

A better way to visualize the debt is a percent of GDP, this eliminates the inflation factor.

There was no real surplus that stuff is all projected ( I will have two birds because they are in a bush) and almost no Gov numbers include unfunded liabilities (you know those really big number programs like SS).

"The Entire System Has Been Utterly Destroyed By The MF Global Collapse"

BCM Has Ceased Operations (source)
Posted by Ann Barnhardt - November 17, AD 2011 10:27 AM MST
Dear Clients, Industry Colleagues and Friends of Barnhardt Capital Management,

It is with regret and unflinching moral certainty that I announce that Barnhardt Capital Management has ceased operations. After six years of operating as an independent introducing brokerage, and eight years of employment as a broker before that, I found myself, this morning, for the first time since I was 20 years old, watching the futures and options markets open not as a participant, but as a mere spectator.

The reason for my decision to pull the plug was excruciatingly simple: I could no longer tell my clients that their monies and positions were safe in the futures and options markets – because they are not. And this goes not just for my clients, but for every futures and options account in the United States. The entire system has been utterly destroyed by the MF Global collapse. Given this sad reality, I could not in good conscience take one more step as a commodity broker, soliciting trades that I knew were unsafe or holding funds that I knew to be in jeopardy.

The futures markets are very highly-leveraged and thus require an exceptionally firm base upon which to function....

Everything changed just a few short weeks ago. A firm, led by a crony of the Obama regime, stole all of the non-margined cash held by customers of his firm. Let’s not sugar-coat this or make this crime seem “complex” and “abstract” by drowning ourselves in six-dollar words and uber-technical jargon. Jon Corzine STOLE the customer cash at MF Global. Knowing Jon Corzine, and knowing the abject lawlessness and contempt for humanity of the Marxist Obama regime and its cronies, this is not really a surprise. What was a surprise was the reaction of the exchanges and regulators. Their reaction has been to take a bad situation and make it orders of magnitude worse. Specifically, they froze customers out of their accounts WHILE THE MARKETS CONTINUED TO TRADE, refusing to even allow them to liquidate. This is unfathomable...

I have learned over the last week that MF Global is almost certainly the mere tip of the iceberg.... the problem is a SYSTEMIC problem, not merely isolated to one firm.

...The futures and options markets are no longer viable. It is my recommendation that ALL customers withdraw from all of the markets as soon as possible so that they have the best chance of protecting themselves and their equity. The system is no longer functioning with integrity and is suicidally risk-laden. The rule of law is non-existent, instead replaced with godless, criminal political cronyism.

Finally, I will not, under any circumstance, consider reforming and re-opening Barnhardt Capital Management, or any other iteration of a brokerage business, until Barack Obama has been removed from office AND the government of the United States has been sufficiently reformed and repopulated so as to engender my total and complete confidence in the government, its adherence to and enforcement of the rule of law, and in its competent and just regulatory oversight of any commodities markets that may reform. So long as the government remains criminal, it would serve no purpose whatsoever to attempt to rebuild the futures industry or my firm, because in a lawless environment, the same thievery and fraud would simply happen again, and the criminals would go unpunished, sheltered by the criminal oligarchy...

With Best Regards-
Ann Barnhardt

http://www.zerohedge.com/news/entire-system-has-been-utterly-destroyed-mf-global-collapse-presenting-first-mf-global-casualty

Holy shit, I know this is big, but I'm not quite smart enough to understand the whole thing. What does this mean? How does this effect the united states in the big picture?

Who is John Galt?









 

don't scare me like that

How did Corzine steal that money and how does this make the markets invalid?  Thanks.

Bank Holiday is a coming.

The only answer to prop this Bankrupt System happens to be theft, hence this state of constant 'Crisis' Mode; They can't cover up, their cover ups any longer. They've made Banks/Companies SO Big they can't prevent their Failures.



That's why WE run these crazy deficits; Global 'Elected' Representatives have to Steal Tax Revenues in an attempt to stay relevant.

This explains the finger pointing; The Crooks all need to be charged with Money Laundering/Larceny, and, most importantly, TREASON

Global Banks are Bankrupt. Hence the coming collapse of the Stock Market.

What do you think will happen when everyone 'cashes out'?



 

Corzine isn't the only 'Genius' who 'Bet' wrong using other people's money; MF Global will be tied to the administration; like GE or Solyndra, etc.

The 'House' can't cover those bets, so who gets to break the first leg.

A 'Crook' always turns Rat, when push come to shove; Too many scandals that can't be covered up.

Wake Up 'Sheep'...



 

So, should I be contributing to my 401k, or not?

Before 2008, I was putting in 25%.  Now I put in 8%, because my company matches up to that.

It's sort of playing both sides of the fence.  Recovery is an eventual certainty.  Dollar cost averaging will likely still apply sometime down the road.

I rebalance frequently and am still in a asset preservation mode - something like 2/3 protected 1/3 participating in the fallacy we call a market today.

that's true but time is a mother fucker, the average 401k investor even with DCA has lost 10-12 years of time, it's gone forever, every ponzi some make money but most don't, most lose everything.

And lets not forget the ever increasing taxes, already we are seeing 10-20% hikes from booze to homes, how long you think those juicy 401Ks are going to sit untouched? you know why they are called 401Ks right? One stroke of a pen and that promised tax rate goes poof.

While I agree in principle, I don't think our legiscritters are quite that stupid.  Instead, I think that the value of your 401k, IRA, pension, etc. will be used for means testing to determine Social Security benefits.

Just look at what going on In Europe that's our future,  here they bleed workers now for 40+% by the end, it's a guarantee they will tax 401Ks more. What will people do riot, at 60, nope they will do what they do now, bitch moan and then pay, only people who have nothing or very little riot or commit violence(that's why welfare and like entitlements are never cut or the last to be), all Governments know this, so they won't take all your money they'll  let you keep just enough, just like now.