2013 is going to be much worse than 2012 for America - Jim Rogers

because you cant fix a problem by going deeper into debt. If you were behind on your mortgage payments can you fix the problem by just going on a shopping spree?

 

We aren't behind on our payments first of all... and the countries debt is nothing like your debt. I don't get how you are not comprehending this? The United States can't go broke, that is a mathematical impossibility and completely illogical.

 

whether you admit it or not, monetizing debt is a form of default! And already 40% of all expenditures have to be borrowed!

 

You can call it whatever you want to call it. But the US doesn't even monetize it's debt any more. It is monetized when the money is spent. The Fed no longer gives anyone money. But you will never believe it or understand it because you already have your mind made up!

 

even those "RESERVES" that you like to tout about is still a back door form of monetization we already agreed on that. And what about the 600 billion that was purchased by the fed?

PS there is a really good book by a guy called Harry Dent......he sees a great depression coming also but he thinks that banks will collapse and the dollar will get stronger....thats the part I dont agree with because throughout history when a country goes bankrupt the currency becomes almost worthless! You should read his book....or at least look him up on youtube!

 

But you are still directing this at the Fed like it is their choice. Like I said, the Fed does not make decisions about what or how much the Govt can spend. They simply manage Govt spending. There was nothing else the Fed could have done other than their backdoor monetization. People would still have their Govt money in their accounts, the banks just wouldn't be able to lend any money because their reserves would be drained in to Govt debt.

Explain WHY a great depression is going to happen. Why would people stop working, spending, transacting, etc. Because inflation?? Lol, we have had inflation for the past 80 years... why has it reached the tipping point?

 

Those that believe in magical, mystery, airborne, money should seek in depth, long term, therapy.

 

well he looks at demographics....people in their late 50's and beyond save more for retirement and spend less as what happened in japan in the 1990's. This lack of spending will put pressure on comercial real estate and some will fail. Also people at this age borrow less and pay down debt. Its interesting stuff but still I dont agree with his outcome about the dollar getting stronger as he dont understand that a nation always has the choice of printing!

Also older people pay less taxes and use more health services......basically the US is entering a period of slow growth!

 

Those that believe we need to dig money out of the ground need long term therapy.

 

There might be a little lull because of the baby boomers but I think this is a major exaggeration of how big the baby boomers are compared to the current generation. Things will have to be adjusted but it's not like the United States is suffering as a whole. We have plenty of money.

 

I really think you should study the japanese model...they too are suffering now from the large older population. Old people spend less. Japan went through a spectacular housing boom in the 80's followed by a spectacular collapse in the 90's ( sound familiar?) and the japanese government refused to let the banks fail....so they had a lost decade with massive deflation and housing that has fallen in price for something like 15 years!

 

The Japanese population is 97% Japanese. They are not like America. They are actually facing a decline in their population. And they are big time savers. This is exactly why they run 200%+ debt-to-gdps. Like I always say, the more we save, the more the Govt needs to deficit spend (aka the more the Govt needs to grow the debt).

And that lost decade is a myth. They had stagnant growth but massive amount of productivity because their population and their need to save. They are not consumer debt riddled like America and they do not spend like America spends.

 

most of that productivity was on exports.....actually it was exports that saved their butts or they would of gone bankrupt long ago. And yes america ( just like canada ) has huge immigration influx but its not enough to stem the tide of an aging population...and immigration poses new problems also!

 

I just do not see our problem being an age gap. We simply need more money. The Govt needs to pump a trillion or two more dollars in to direct employment. Put our people to work, you will see a massive rise in real GDP and a decrease in unemployment. It would be great, plus we can rebuild America and bring it in to the 21st century.

 

and I will prove you wrong...if currency is the only problem then why not go to any african nation and print a bunch of currency and give it to the people....would that make them rich? What would they buy? Production is key not consumption or currency as you put it.....currency is worthless if there is nothing to buy!

 

And the more currency printed the more worthless it becomes when there is something to buy.

Printing currency is probably the most dumb-ass way of not solving anything.

 

When have I ever said it was. I have always said production is the key. And it's funny you say this but don't realize that America is way under productive capacity and can produce a crap load more than it is now. That is exactly why we need more money.

I have never once said that more money makes people productive... I have always said more money CAN make people more productive. Giving money to an African nation wouldn't make them more productive BUT giving money to an American nation CAN make them more productive.

Big difference.

 

" ...as the government has the ability to print and spend money."

The government doesn't print money, the "jews" do. That's why they don't want Dr. Ron Paul in the Whitehouse, he'll get rid of their two biggest cash cows, the Criminal Reserve and its evil handmaiden, the IRS. Right?

 

"...if currency is the only problem then why not go to any african nation and print a bunch of currency and give it to the people...."

Is that how currency works? Is that what the "jews" do when the Criminal Reserve prints up a bunch of money, they go out in the streets and just start handing it out to Everyman? No, they give it to their rich cronies. $16 trillion recently went to their comrades in FOREIGN countries. So said a GAO audit - the first time the Fed's ever been audited.

Why aren't socalled conservatives screaming bloody murder about that money? Because they're not Real Conservatives, they're neocons - the "jews" newest useful idiots.

Read about these SECRET "loans":http://sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3

WHILE MILLIONS OF REAL AMERICANS HAVE LOST THEIR JOBS AND HOMES BECAUSE THEY CAN'T GET ANYBODY TO HELP THEM! YET THESE "JEWS" ARE MAKING EACH OTHER EVEN WEALTHIER!

 

what america needs is:

1) more production
2) more exports
3) more foreign exchange reserves
4) less government spending

PS it aint rocket science

 

that argues along an analogous line, demographics.

[ame="http://www.amazon.com/Great-Crash-Ahead-Strategies-Turned/dp/1451641540/ref=sr_1_1?ie=UTF8&qid=1326938588&sr=8-1"]Amazon.com: The Great Crash Ahead: Strategies for a World Turned Upside Down (9781451641547): Harry S. Dent, Rodney Johnson: Books[/ame]

I think the problems are more systemic; demographics, globalization and multi-culturalism (i.e. the USA government providing the role of racist by stealing from one group and giving to another). The Great Crash Ahead is an optimistic oversimplification of the problems in the USA.

 

I read the book.....it talks about demographics. I agree that older people spend less and save more but I dont agree with his analogy that the dollar will get stronger.....throughout history whenever a country gets too much into debt then sooner or later the country becomes insolvent and the currency becomes worthless....the only question is "WHEN" is the US dollar going to become worthless not "IF" !

 

It solves a number of problems for short term thinkers with the power to tell you what you can or cannot use for money. It will create a great number of problems for those without power or other great means at their disposal.

 

5) stop outsourcing - Republicans and Democrats have both continued this outsourcing trend. It's cost us 15 million jobs since 1986. YOU CAN'T CREATE JOBS FASTER THAN THEY'RE BEING OUTSOURCED! These companies and their buttboys are betraying America, and should be treated as traitors. My pocketbook is not more important than America's national security; neither is the rich man's pocketbook.

 

Personally, I think America just needs a strict adherence to fiscal responsibility (while still providing the basics of life for those that need it), a deletion of almost every regulation, a deletion of about 1/2 of the non-violent laws currently on the books and a huge dose of 'LET THE BUYER BEWARE'.