Obama Received 30 Deaths Threats Everyday

2 years back, I read somewhere that Obama received 30 deaths threats everyday. Today I think Obama must be receiving 100 death threats everyday because USA debts is $75 Trillion and Americans are suffering.

I think today USA Secret Service must be having serious headache protecting Obama.

 

The U.S. national debt is more around $14 trillion.

http://www.usdebtclock.org/

 

If unfunded liabilities are included, likely even > $75 Trillion.

 

Lol, goofy.

 

Here's what the $1.2 Trillion money manager had to say in his April 2011 outlook:

I sit before you as a representative of a $1.2 Trillion money manager, historically bond oriented, that has been selling Treasuries because they have little value within the context of a $75 Trillion total debt burden. Unless entitlements are substantially reformed, I am confident that this country will default on its debt; not in conventional ways, but by picking the pocket of savers via a combination of less observable, yet historically verifiable policies - inflation, currency devaluation and low to negative real interest rates.
- Bill Gross, Head of PIMCO

http://seekingalpha.com/article/270...-to-short-u-s-bonds-unless-double-dip-happens

“Major Crash” Coming for Stocks. DOW 3300: Harry Dent

The good news, for those long, is Dent predicts the Dow will trade as high as 13,200 by mid-summer and the S&P 500 as high as 1430, or more-than 7% above current levels. The bad news is "then we could see another major crash," Dent says, forecasting the Dow could trade as low as 3300 in a worst-case scenario. "Bubbles go back to where they started or a little lower," he says. "The stock market bubble started at (Dow) 3800 in late 1994."

http://finance.yahoo.com/blogs/dail...-commodities-already-20110331-080715-415.html

Billionaires Dumping Stocks, Fleeing Market

http://w3.newsmax.com/a/aftershock4/?PROMO_CODE=C490-1

Treasury Secretary Timothy Geithner threw a bomb at America’s financial future last night, saying he is “certain” another financial catastrophe is on the way and that there is no way of reaching agreement on the debt ceiling without increasing taxes on the wealthy.

And he blamed a combination of timid politicians and credit card-debt-ridden Americans, rather than Wall Street and the big banks, for the financial woes that have beset the country over the past three years.

http://www.newsmax.com/Headline/Tim...l/2011/05/18/id/396840?s=al&promo_code=C49A-1

Sell Fort Knox’s gold, some say. Asset sale urged to counter debt.

The United States may have run up a huge debt, but it is not poor. The federal government owns roughly 650 million acres of land, close to a third of the nation’s total land mass. Plus a million buildings. Plus electrical utilities such as the Tennessee Valley Authority. And the Interstate Highway System.

With the United States poised to slam into its debt limit today, conservative economists are eyeballing all that gold in Fort Knox.

There’s about 147 million ounces of gold parked in the legendary vault. Gold is selling at nearly $1,500 an ounce. That’s many billions of dollars in bullion.

The Heritage Foundation on Tuesday released a plan for balancing the budget that did not include tax increases, but did include a proposal to sell $260 billion in federal assets over 15 years.

http://www.journalgazette.net/article/20110516/NEWS03/305169957/1006/NEWS

Ron Paul: Sell The Gold In Fort Knox.

Selling Gold at Fort Knox Emerges as Next Big Question in Debate on Federal Debt Limit

NEW YORK — The next big question on the federal debt limit could be whether to start selling the government’s holdings of gold at Fort Knox — and at least one presidential contender, Ron Paul, has told The New York Sun he thinks it would be a good move.

The report did not mention the possibility of selling the government’s holdings of bullion, though the 261.5 million ounces of gold the Treasury Department lists in its reserve position would, at a recent price of $1,492 an ounce, would theoretically fetch $390.2 billion. The Wall Street Journal reported Monday that a group of Republican congressmen supports the idea of selling gold.

http://www.nysun.com/national/selling-gold-at-fort-knox-emerges-as-next-big/87350/

Credit tightening threatens China's 'giant Ponzi scheme'

http://www.telegraph.co.uk/finance/...ning-threatens-Chinas-giant-Ponzi-scheme.html

Bill Gross, Nouriel Roubini, Laurence Kotlikoff, Steve Keen, Michel Chossudovsky and the Wall Street Journal all say that the U.S. economy is a giant Ponzi scheme.

Virtually all independent economists and financial experts say that rampant fraud was largely responsible for the financial crisis.

http://www.globalresearch.ca/index.php?context=viewArticle&code=WAS20101214&articleId=22395

20th Century economic growth - Giant Ponzi scheme?

Two interesting perspectives on inflation and some of its effects

http://econpoint.com/showthread.php?445-20th-Century-economic-growth-Giant-Ponzi-scheme

United States is Giant ‘Ponzi’ Scheme – Pimco’s Bill Gross

US authorities are operating a “brazen” Ponzi scheme in government debt by buying trillions of dollars of bonds to stimulate the economy, according to Bill Gross, managing director of Pimco, the world’s biggest bond house.

Mr Gross said more QE is a huge gamble, but necessary because the US is “in a ‘liquidity trap’

In a bid to restart the stalling recovery, the US Federal Reserve is next week expected to unveil a second round of quantitative easing (QE) of as much as $500bn, on top of the $1.2 trillion already completed.

In typically robust comments, Mr Gross said the Fed had run out of other options but warned that more QE would in the long-term mean “picking the creditor’s pocket via inflation and negative real interest rates”.

“[Cheque] writing in the trillions is not a bondholder’s friend; it is in fact inflationary, and, if truth be told, somewhat of a Ponzi scheme,” he wrote on his investment outlook, arguing that creditors have always expected to be paid out of future growth.

http://www.midasletter.com/index.php/united-states-is-giant-ponzi-scheme/

Madoff: 'Whole government is a Ponzi scheme'

Wall Street swindler Bernard Madoff said in a magazine interview published Sunday that new regulatory reform enacted after the recent national financial crisis is laughable and that the federal government is a Ponzi scheme.

He said in the New York magazine interview the Securities and Exchange Commission "looks terrible in this thing," and he said the "whole government is a Ponzi scheme."

http://www.msnbc.msn.com/id/41825072/ns/business-us_business/t/madoff-whole-government-ponzi-scheme/

Best Economy discussions in History

http://www.elitetrader.com/vb/showthread.php?s=&threadid=220715

 

Stock markets are no indication to economic health. Just look at Zimbabwe and India.

 

When Obama was elected new USA president in 2009, he had received a serious threat, The whole white house was shaken and frozen with fear. Finally they took some decisions.

I think barack Obama was planning some serious trouble for USA in 2009 and this serious threat put some sense and fear into USA government and stopped them. Maybe USA was saved from further serious trouble because of the timely intervention/threat.