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US Nat dept US$12,083,000,000,000.oo ct
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yellow_gold
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19-Dec-2009 12:21
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Seven U.S. Banks Are Seized, Raising Year’s Failure Toll to 140 http://www.bloomberg.com/apps/news?pid=20601087&sid=a7lu37u8FA0E&pos=7 |
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teeth53
Supreme |
17-Dec-2009 08:13
Yells: "don't learn through life, learn to grow with life " |
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(CNNMoney.com) -- The House on Wednesday narrowly passed a $290 billion increase to the amount of debt the Treasury is allowed to have. Currently, the debt ceiling is set at $12.104 trillion, and if the Senate passes the House-approved increase, it would rise to $12.394 trillion. Why cap when debt can kept boosting it...unlimited. |
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teeth53
Supreme |
13-Dec-2009 21:17
Yells: "don't learn through life, learn to grow with life " |
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teeth53 tot: Can Obama take on those bankers ?. Economists: painting a bright future, Recovery 'only an economist can love' while other wise: What recovery? Most still see recession. US House passes historic financial sector overhaul "The crisis from which we are still recovering was born not only of failure on Wall Street, but also in Washington. We have a responsibility to learn from it," said the US president. Obama has hit out at Wall Street "fat cats," expressing anger that banks bailed out by the government again plan huge bonuses as millions of Americans battle poverty and unemployment. "I did not run for office to be helping out a bunch of fat cat bankers on Wall Street," Obama said Friday in excerpts of an interview with CBS television to be aired on Sunday. With unemployment still hovering at around 10 percent, amid a recession triggered in part by the excesses of financial institutions, Obama voiced frustration that "some people on Wall Street still don't get it." Obama told CBS he believed some banks had paid back all the bailout funds in order to escape government controls regulating such things as bonuses. |
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teeth53
Supreme |
13-Dec-2009 21:10
Yells: "don't learn through life, learn to grow with life " |
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http://sg.news.yahoo.com/afp/20091211/tts-finance-economy-greece-papandreou-c1b2fc3.html Greece's sovereign debt was downgraded this week by the international ratings agency Fitch, prompting fears of dangerous divergence in the 16 countries which use the euro. Analysts had interpreted eurozone and EU political reaction as a precursor to the sort of bail-out assistance offered last year to Hungary, Latvia and Romania, especially with mounting deficit worries also extending to Ireland and Spain. But if the 450-billion-dollar debt mountain alarmed markets, Europe's leaders gave Papandreou the benefit of the doubt late on Thursday in Brussels after he promised to reform a waste-riddled and corruption-addled economy. |
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teeth53
Supreme |
13-Dec-2009 18:03
Yells: "don't learn through life, learn to grow with life " |
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Can Obama bully the bankers? teeth53 tot: Can Obama take on those bankers ?.
10:36am: The president wants more lending, less gouging and smaller paychecks. But after a year of pro-bank policies, he may not carry a big enough stick. More http://money.cnn.com/2009/12/08/news/economy/poll_recession_recovery/index.htm?postversion=2009120822 Economists: painting a bright future, Recovery 'only an economist can love' while other wise: What recovery? Most still see recession. CNN survey finds 84% believe the economy is still in a recession, and that pessimism is growing despite improved economic readings. NEW YORK (CNNMoney.com) -- Economists are in broad agreement that the Great Recession is over. The American public strongly disagrees. In a poll of more than 1,000 Americans conducted late last week by CNN/Opinion Research Corporation, 84% of those surveyed believe that the economy is still in recession. That's a slight improvement from the 87% who believed there was still a recession in the September survey, but it is almost the opposite view of the nation's economists. |
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teeth53
Supreme |
13-Dec-2009 17:18
Yells: "don't learn through life, learn to grow with life " |
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Woww...This is real time bomb, it's for real, time clocking and a matter of time, just dun know when, tink US dollar matter may fall.
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kahchuan
Member |
13-Dec-2009 14:52
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this looks interesting, not sure how valid, the amount is abt right... http://www.usdebtclock.org/ |
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yellow_gold
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13-Dec-2009 14:43
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the mother of all bubble... the us dollar bubble, i think it is just waiting for the right "butterfly" or the right "car crash" ... | ||
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jasonfaxingliu
Senior |
13-Dec-2009 12:24
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Can some one advise what is the senario? US debt too huge so US$ down? But those holding Bond try hard to push up ! So US debt will continue to rise till the day it cannot sustain? So US have to issue New US$ !!! So suddently, the US$ become 1/2 or less the value !!!! | ||
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teeth53
Supreme |
12-Dec-2009 21:28
Yells: "don't learn through life, learn to grow with life " |
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Just info sharing. Bank closure and still counting, while S'pore has voluntary closed smaller bank in those early year, including OUB which has been bot over by UOB. It has left with three big banks. U.S. bank failure tally reaches 133 Venezuela closes eighth bank The bank lacked sufficient liquidity. -AFP |
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kahchuan
Member |
12-Dec-2009 01:50
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US interest payment per year is more than USD 200,000,000,000.00 since 2007. More than enough to pay Dubai's a few times. A federal reserve bank president actually thought that the total debt including liability to be 10 times the current debt. That is one hundred trillion us dollars or USD 100,000,000,000,000.00 or 10^14!!! The ultimate "time-ponzi" ..... |
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teeth53
Supreme |
12-Dec-2009 01:01
Yells: "don't learn through life, learn to grow with life " |
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As oil trading is dripping lower, will Dubai and or his backer flush with oil money,. U.A.E backup...and pay off all Dubai US60 billion dept ?.
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teeth53
Supreme |
11-Dec-2009 08:26
Yells: "don't learn through life, learn to grow with life " |
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Dun say I din tell U so....the next time those buying at the summit of STI, will be very cold up there. When US$ is strengthening, oil is dripping. Happy trading w/care |
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teeth53
Supreme |
11-Dec-2009 08:19
Yells: "don't learn through life, learn to grow with life " |
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http://money.cnn.com/2009/12/10/news/economy/treasury_deficit_november/index.htm NEW YORK (CNNMoney.com) -- The U.S. government rang up a deficit of $120.3 billion in November - the 14th straight month it has spent more than it has taken in. (in one mth only - 2X more then Dubai) As of Tuesday, the country's total public debt stood at $12.091 trillion, only $13 billion below the $12.104 trillion statutory debt limit. It is expected that the debt ceiling will be breached by Dec. 31. |
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teeth53
Supreme |
11-Dec-2009 08:03
Yells: "don't learn through life, learn to grow with life " |
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http://sg.news.yahoo.com/afp/20091211/tts-finance-economy-greece-c1b2fc3.html ATHENS (AFP) - – The finance crisis in Greece loomed large over an EU summit ending Friday after the government disclosed it was carrying a record debt of 300 billion euros, a burden that threatened to shake the foundations of the eurozone. European Union leaders, who had planned to devote their meeting in Brussels to combating climate change, were forced to confront the prospect that the mess in Greece could erode the credibility of the 16-member euro bloc. Papandreou is now seeking to reassure financial markets and investors who lend money to Greece that new budget proposals to cut spending will be produced within six to seven weeks. |
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teeth53
Supreme |
10-Dec-2009 19:05
Yells: "don't learn through life, learn to grow with life " |
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This time is not SWF, but a country....Greece plunges into Financial Crisis, down graded to BBB+, same as Dubai and Ireland, wil big Bro EU help ? http://sg.news.yahoo.com/afp/20091210/tts-greece-eurozone-economy-budget-pact-c1b2fc3.html "Either we eradicate the debt, or the debt will eliminate the country," Prime Minister George Papandreou said, using a phrase first used by his father Andreas, who was prime minister over a decade ago. |
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teeth53
Supreme |
07-Dec-2009 21:01
Yells: "don't learn through life, learn to grow with life " |
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In today ST paper (Money / Markets) Traders was spooked by prospect that US Central bank might start raising interest rates sometimes around March 2010 and the worries that beset Wall Street are likely for host of reasons, statement such as the Federal Reserve printing US$1.8 trillion (S$2.5 trillion) of fresh mnoey to jump-start the troubled US economy. The US dollars strengthened sharply on news of the better-than-ecpected US job data. While Asia bourse ended mix. ( For more info - Asian stocks mixed) http://news.asiaone.com/News/Latest%2BNews/Business/Story/A1Story20091207-184527.html |
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teeth53
Supreme |
06-Dec-2009 15:22
Yells: "don't learn through life, learn to grow with life " |
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Only reserve currency used by this world and no problem at all printing another US$12,083,000,000,000.oo, while Dubai defaulted for six months only 60,000,000,000.oo and cannot print more.... |
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