Soooo... say the US of A gets destroyed... would we still have internet? I want to see the cannibalism videos bubbling up from the inner cities on youtube. What's the logical conclusion, c'mon... It's not like the denizens of said neighborhoods are going to start farming, right? All we have so far is the guys and gals going around knocking out old ladies, it's getting boring already!
"All we have so far is the guys and gals going around knocking out old ladies, " what is he talking about?
that is not the US dilemma. the dilemma is an oversized gov't labor force +trillion of dollars payable in future benefits created by a bought for congress.
that is not the US dilemma. the dilemma is an oversized gov't labor force +trillion of dollars payable in future benefits created by a bought for congress. the US like europe is broke. they have reached the tipping pt. chants of U.S.A. #1 refers to the debt.
What tipping point? USD makes up 61.9% of global Central Bank reserves... Down slightly from 62.1% in previous quarter... Hardly a run on the bank. Only alternative is EUR at 25% and decreasing... Not to mention EUR living on borrowed time. Everything is relative. http://www.arabnews.com/dollar-still-reserve-currency-choice
People been calling for the end of everything since the marked turned around in March of 2009 and look at us now, multi year highs. These so called experts know about how the future will react as much as we do. In my opinion, the media is loaded with clowns that are as naive as we are. Bottomline is I doubt anyone can consistently predict long term future, if they could they would not be advertising their companies on TV.
Ya, what does Bill Gross know, anyway? That idiot only manages a 1.7 *TRILLION* dollar bond fund that's beat the S&P by 300% over the past 25 years. Clearly, an empty suit "talking his book".... Listen up, morons. Anyone with a 1st year understanding of macroeconomics knows we're in for the shit-storm of a lifetime. Gross was late to the punch and soft-peddled the issue, imo. Maybe he held out going public for so long because he thought the traitors in Congress and the FED might do the right thing, and turn this ship of State around? No joy. What boggles the mind - examples of ruinous spending and currency collapses abound (ex, europe, right now!), yet the proles chant bullshit. The math behind these calculations is so simple and rudimentary, one would think traders whose livelihood depends upon an understanding of the landscape would have a basic grasp of economics. I suppose not. Anyway, it's done. Enjoy your worthless opining.
Help yourself and learn some basic economics. Then reread PIMCO's newsletter. Do you understand America and Europe are on the verge of something rivaling the Great Depression? It's senseless even engaging with a mind like yours because you don't possess the knowledge needed to understand how these conclusions have been reached.