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US Nat dept US$12,083,000,000,000.oo ct
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teeth53
Supreme |
04-Jun-2010 10:29
Yells: "don't learn through life, learn to grow with life " |
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http://sg.news.yahoo.com/afp/20100603/tts-us-economy-finance-debt-c1b2fc3.html WASHINGTON (AFP) - – US debt has reached 13 trillion dollars for the first time in history, the Treasury Department has said, stoking a political furor over government spending. Amid vast government outlays designed to end the economic crisis, the debt reached a record 13,050,826,460,886.97 dollars on June 1, according to official figures. The debt has more than doubled in the last 10 years and now stands at just under 90 percent of annual gross domestic product. teeth53 thot - not too surprising with Spain worry too much.
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niuyear
Supreme |
24-Apr-2010 12:18
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lets start using US$ in singapore american club, no one will blink an eye on you. |
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boyikao3
Master |
24-Apr-2010 12:16
Yells: "Money or reputation ?" |
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World currency ? I tot we already have that - GLD$ !!!!!!
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teeth53
Supreme |
24-Apr-2010 12:02
Yells: "don't learn through life, learn to grow with life " |
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http://sg.news.yahoo.com/afp/20100423/tts-greece-finance-economy-eu-imf-509a08e.html A graphic illustrating Greece's history of deficit and debt and forecasts for 2010. Greek Prime Minister George Papandreou is about to ask for activation of the EU-IMF debt rescue mechanism, a government source told AFP. German central banker warns of Greece 'contagion' "Many countries are running excessive budget deficits." Portugal, Italy, Ireland and Spain are all in the firing line. Papandreou made his plea before a nation facing unprecedented austerity, just the day after the latest in a series of strikes against massive reforms. The country has overall public debt of about 300 billion euros (399 billion dollars) -- or twice the debt of Britain, a far bigger economy. An issue of 10-year Greek bonds totalling 8.5 billion euros expires on May 19 and needs to be covered by fresh finance. This would send a message to the markets that the European Union "is protecting the euro,"
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teeth53
Supreme |
06-Apr-2010 20:11
Yells: "don't learn through life, learn to grow with life " |
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http://money.cnn.com/2010/04/05/news/economy/fed.rates.fortune/index.htm Bonds in the 'danger zone'(Fortune) -- Even bond managers are questioning the wisdom of buying bonds now. Government bond prices are sliding as an economic recovery takes hold and the feds struggle to fund a massive budget deficit. At the same time, the prices of corporate bonds are looking pricey after a ferocious year-long rally. With forecasters projecting higher interest rates and the market anxiously awaiting the Federal Reserve's next baby step toward normal policy, some strategists are counseling investors to hold more cash -- and to brace for a wild spring.
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hotokee
Veteran |
22-Mar-2010 20:53
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Will US become bankrupt or its it now? If it does go under (refusing to honour its debts) what will happen? Can the global economies survive? | ||
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Hulumas
Supreme |
22-Mar-2010 14:16
Yells: "INVEST but not TRADE please!" |
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Huh.... It is probably about time to adjust 1 USD = 1 YEN. Then future currency crisis could be avoidable perhaps!
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christan
Senior |
22-Mar-2010 10:42
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this is more accurate , realtime US National Debt Clock |
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pharoah88
Supreme |
22-Mar-2010 10:34
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iT iS TiME tO have a SiNGLE WOR LD CURRENCY, W$. gEt RiD Of FX tOtally, sO that the wOrld WiLL nOt bE manipUatEd by the BANKS. Charge S$20 fOr cable when TT. WHY dOn't they sEnd an Email which absOlUtEly FREE? |
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pharoah88
Supreme |
22-Mar-2010 10:29
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bUt nObOdy cOuld cOme Up WiTH a cUrrency sO friendly and Usable. nOt the YEN nOt EvEn EURO [whEn English pOund tOO rEfUsEd tO accEpt EURO] | ||
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Hulumas
Supreme |
21-Mar-2010 14:30
Yells: "INVEST but not TRADE please!" |
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Just consolidate USD 100:1 and keep printing huge amount of USD will do! By then USA net debt will be 120,830,000,000.00 only!
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Hulumas
Supreme |
21-Mar-2010 14:20
Yells: "INVEST but not TRADE please!" |
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Technically, USD should no longer as an Internationally reconized widely commersely officially use currency! A revamp in International currency arrangement and system is fitally needed.
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teeth53
Supreme |
20-Mar-2010 20:20
Yells: "don't learn through life, learn to grow with life " |
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So be prepare they can print unlimted amount of paper money to flood this world with US$ dollar, while debt can oso increases to it unlimitation. (Mountain of debt - can dragon tame uncle Sam). Can only when both shake hand, meanwhile US debt is climbling very second. just sharing my thot. |
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teeth53
Supreme |
28-Dec-2009 19:29
Yells: "don't learn through life, learn to grow with life " |
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This world ONLY U.S. promises unlimited financial assistance to Fannie Mae, Freddie Mac, and AIG. So be prepare they can print unlimted amount of paper money to flood this world with US$ dollar, while debt can oso increases to it unlimitation. (mountain of debt-can dragon tame uncle Sam) Someone will had to artifiically prop US dollar all the time like China and Japan do so, it slow downward it US dollar value as earning may not be fast enuff to outwit it printing machine. What then can happen then !!! Hope for the best, prepare for the worst. |
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cyjjerry85
Elite |
28-Dec-2009 19:07
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the debt is still on the increase...not an easy task to wipe it out
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teeth53
Supreme |
28-Dec-2009 18:59
Yells: "don't learn through life, learn to grow with life " |
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http://biz.thestar.com.my/news/story.asp file=/2009/12/28/business/20091228081257&sec=business The man in charge of US$1tril assets warns about stocks As CEO at Newport Beach, Calif.-based Pimco, El-Erian, 51, oversees nearly $1 trillion in assets, more than the gross domestic product of most countries. So when he talks, people listen. What he's saying now: -Stocks will drop 10 percent in the space of three or four weeks, bringing the Standard & Poor's 500 index below 1,000 - though he's not predicting when. -The unemployment rate will be hovering above 8 percent a year from now. -U.S. gross domestic product will grow at an average 2 percent or so for years to come - a third slower than we're used to. |
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teeth53
Supreme |
25-Dec-2009 19:32
Yells: "don't learn through life, learn to grow with life " |
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http://www.washingtonpost.com/wp-dyn/content/article/2009/12/24/AR2009122401588.html?hpid=topnews
U.S. promises unlimited financial assistance to Fannie Mae, Freddie MacBy Zachary A. GoldfarbFriday, December 25, 2009 The Obama administration pledged Thursday to provide unlimited financial assistance to mortgage giants Fannie Mae and Freddie Mac, an eleventh-hour move that allows the govt to exceed the current US$400 billion cap on emergency aid w/o seeking permission a bailout-weary Congress. teeth tot: Since this is d only country that can print unlimited of paper money called US currency |
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yellow_gold
Member |
19-Dec-2009 20:48
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They never call it a US dollar bubble. They just say that US dollar is weak and inflate oil bubble, gold bubble, equity bubble .... | ||
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teeth53
Supreme |
19-Dec-2009 20:16
Yells: "don't learn through life, learn to grow with life " |
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http://www.reuters.com/article/idUSTRE5AA3Y620091111 (1st oil bubble US$147/-) NEW YORK (Reuters) - The weakness in the U.S. dollar risks inflating a bubble in the oil market, which could threaten consumer spending and potentially cause a double dip recessiom. This is a repeat of last year when a weak dollar, along with low interest rates and growth in energy-intensive Asia, drove oil to a record near $150 a barrel, which contributed to a deep global recession. Not everyone agrees that investors are so innocent. The concept got an airing last year, as oil headed toward its all-time high at $147 a barrel, after hedge fund manager Michael Masters testified before Congress on the role of these funds -- which he dubbed index speculators |
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jasonfaxingliu
Senior |
19-Dec-2009 13:04
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You guys should heard about the 7 greatest bubbles... 1) Gold, 2) US Bond, 3) China Property, 4) New Markets.... so when it will triggle? Can it be avoided? |
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