Home › Forums › Financial Markets/Economics › U.S. TO DEFAULT ON ITS DEBT – SUMMER 2009
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November 15, 2008 at 11:17 AM #305526November 15, 2008 at 11:22 AM #305086
TheBreeze
Participant[quote=partypup]
TB: do you have any idea what the Summit today is regarding? It is not some ridiculous conference. This is a meeting of the leaders of most of the developed world that is being dubbed Bretton Woods II.
[/quote]Anyone thinking this meeting is going to turn into Bretton Woods II is in for a disappoint.
http://blogs.wsj.com/economics/2008/11/06/whos-the-boss-bush-obama-and-the-g-20/
[quote=partypup]
Nothing less than the future of the global financial landscape is on the table. Sarkozy has made it plainly clear that he intends to advocate to remove the dollar as the world’s sole reserve currency.
[/quote]Yeah, and a homeless man told me yesterday that he was preparing to take over the world. What’s your point? The dollar didn’t become the sole reserve currency because it was regulated to be that way. No, it became the sole reserve currency because it was the strongest, most trusted currency in the world. The market made that decision. A meeting of twenty or so Giant Douches/Turd Sandwiches isn’t going to change that.
[img_assist|nid=9611|title=GDvTS|desc=|link=node|align=left|width=332|height=248]
[quote=partypup]
No one has even suggested that Bush wants Obama to appear at the summit.
[/quote]O Rly?
So to recap: Bush almost offhandedly agreed volunteered to host a summit to discuss the state of the financial world, a very out-of-character gesture.
…
Since the time Bush picked (November 15) was after the elections, it was a bizarre gesture. Was this to pressure a new Administration into formulating views before they were ready (Bush had made it clear that the President elect would participate).
[quote=partypup]
In fact, quite the opposite, I’m sure. Moreover, Dubya is not in the position to demand or force any economic policies on the rest of the world. To the contrary, Dubya has stalled and attempted to avoid this meeting for months because the other members of the G20 are going to TELL him what the new world order should and will look like.
[/quote]OK.
That sounds like the MOST they get to do is agree on the agenda for future meetings.
If the other members of the G20 could force a new world order on the U.S., then why were they so anxious to have the U.S. host the summit? Why didn’t they just cut the U.S. out and have a G19 meeting? Answer: Because the U.S. is still the man — even in our weakened state.
[quote=partypup]
Dubya will just be taking notes. You get it now?
[/quote]Is it possible for an illiterate monkey to take notes? What a scientific breakthrough that would be. Quick! We need to get all the great scientific minds to this conference immediately!
[quote=partypup]A lot can and will happen before Jan 20. The financial world can change dramatically before then. And a proactive leader should want to address that.
[/quote]Maybe. But it doesn’t sound like much change is going to come out of this GD/TS conference:
[quote=partypup]
And if Obama has indeed made the economy his #1 focus, then why wasn’t a Treasury Secretary his first appointment? He needs to get someone up to speed and focusing on this crisis full time, 24/7, ASAP. And I heard on CNBC yesterday that there is only a 50% chance that he will appoint a Treasury secretary next week.
[/quote]How many Treasury Secretaries does it take to destroy an economy? We’ve already got one bald douchenstein fouling everything up. If there was another one running amok, the economy would probably go down the toilet even faster. There’s only one President at a time my Constitution-ignoring friend.
[quote=partypup]
And I hope the TGO label is in jest. If not, you are really starting to scare me ;-)[/quote]Yeah, it was tough to decide between The Great Obama and Obama: The Magnificent. Do you think I made the right choice?
By the way, you might want to consider getting that metal plate in your head checked. Based on your post, it’s reception seems to be faulty.
November 15, 2008 at 11:22 AM #305452Participant[quote=partypup]
TB: do you have any idea what the Summit today is regarding? It is not some ridiculous conference. This is a meeting of the leaders of most of the developed world that is being dubbed Bretton Woods II.
[/quote]Anyone thinking this meeting is going to turn into Bretton Woods II is in for a disappoint.
http://blogs.wsj.com/economics/2008/11/06/whos-the-boss-bush-obama-and-the-g-20/
[quote=partypup]
Nothing less than the future of the global financial landscape is on the table. Sarkozy has made it plainly clear that he intends to advocate to remove the dollar as the world’s sole reserve currency.
[/quote]Yeah, and a homeless man told me yesterday that he was preparing to take over the world. What’s your point? The dollar didn’t become the sole reserve currency because it was regulated to be that way. No, it became the sole reserve currency because it was the strongest, most trusted currency in the world. The market made that decision. A meeting of twenty or so Giant Douches/Turd Sandwiches isn’t going to change that.
[img_assist|nid=9611|title=GDvTS|desc=|link=node|align=left|width=332|height=248]
[quote=partypup]
No one has even suggested that Bush wants Obama to appear at the summit.
[/quote]O Rly?
So to recap: Bush almost offhandedly agreed volunteered to host a summit to discuss the state of the financial world, a very out-of-character gesture.
…
Since the time Bush picked (November 15) was after the elections, it was a bizarre gesture. Was this to pressure a new Administration into formulating views before they were ready (Bush had made it clear that the President elect would participate).
[quote=partypup]
In fact, quite the opposite, I’m sure. Moreover, Dubya is not in the position to demand or force any economic policies on the rest of the world. To the contrary, Dubya has stalled and attempted to avoid this meeting for months because the other members of the G20 are going to TELL him what the new world order should and will look like.
[/quote]OK.
That sounds like the MOST they get to do is agree on the agenda for future meetings.
If the other members of the G20 could force a new world order on the U.S., then why were they so anxious to have the U.S. host the summit? Why didn’t they just cut the U.S. out and have a G19 meeting? Answer: Because the U.S. is still the man — even in our weakened state.
[quote=partypup]
Dubya will just be taking notes. You get it now?
[/quote]Is it possible for an illiterate monkey to take notes? What a scientific breakthrough that would be. Quick! We need to get all the great scientific minds to this conference immediately!
[quote=partypup]A lot can and will happen before Jan 20. The financial world can change dramatically before then. And a proactive leader should want to address that.
[/quote]Maybe. But it doesn’t sound like much change is going to come out of this GD/TS conference:
[quote=partypup]
And if Obama has indeed made the economy his #1 focus, then why wasn’t a Treasury Secretary his first appointment? He needs to get someone up to speed and focusing on this crisis full time, 24/7, ASAP. And I heard on CNBC yesterday that there is only a 50% chance that he will appoint a Treasury secretary next week.
[/quote]How many Treasury Secretaries does it take to destroy an economy? We’ve already got one bald douchenstein fouling everything up. If there was another one running amok, the economy would probably go down the toilet even faster. There’s only one President at a time my Constitution-ignoring friend.
[quote=partypup]
And I hope the TGO label is in jest. If not, you are really starting to scare me ;-)[/quote]Yeah, it was tough to decide between The Great Obama and Obama: The Magnificent. Do you think I made the right choice?
By the way, you might want to consider getting that metal plate in your head checked. Based on your post, it’s reception seems to be faulty.
November 15, 2008 at 11:22 AM #305464Participant[quote=partypup]
TB: do you have any idea what the Summit today is regarding? It is not some ridiculous conference. This is a meeting of the leaders of most of the developed world that is being dubbed Bretton Woods II.
[/quote]Anyone thinking this meeting is going to turn into Bretton Woods II is in for a disappoint.
http://blogs.wsj.com/economics/2008/11/06/whos-the-boss-bush-obama-and-the-g-20/
[quote=partypup]
Nothing less than the future of the global financial landscape is on the table. Sarkozy has made it plainly clear that he intends to advocate to remove the dollar as the world’s sole reserve currency.
[/quote]Yeah, and a homeless man told me yesterday that he was preparing to take over the world. What’s your point? The dollar didn’t become the sole reserve currency because it was regulated to be that way. No, it became the sole reserve currency because it was the strongest, most trusted currency in the world. The market made that decision. A meeting of twenty or so Giant Douches/Turd Sandwiches isn’t going to change that.
[img_assist|nid=9611|title=GDvTS|desc=|link=node|align=left|width=332|height=248]
[quote=partypup]
No one has even suggested that Bush wants Obama to appear at the summit.
[/quote]O Rly?
So to recap: Bush almost offhandedly agreed volunteered to host a summit to discuss the state of the financial world, a very out-of-character gesture.
…
Since the time Bush picked (November 15) was after the elections, it was a bizarre gesture. Was this to pressure a new Administration into formulating views before they were ready (Bush had made it clear that the President elect would participate).
[quote=partypup]
In fact, quite the opposite, I’m sure. Moreover, Dubya is not in the position to demand or force any economic policies on the rest of the world. To the contrary, Dubya has stalled and attempted to avoid this meeting for months because the other members of the G20 are going to TELL him what the new world order should and will look like.
[/quote]OK.
That sounds like the MOST they get to do is agree on the agenda for future meetings.
If the other members of the G20 could force a new world order on the U.S., then why were they so anxious to have the U.S. host the summit? Why didn’t they just cut the U.S. out and have a G19 meeting? Answer: Because the U.S. is still the man — even in our weakened state.
[quote=partypup]
Dubya will just be taking notes. You get it now?
[/quote]Is it possible for an illiterate monkey to take notes? What a scientific breakthrough that would be. Quick! We need to get all the great scientific minds to this conference immediately!
[quote=partypup]A lot can and will happen before Jan 20. The financial world can change dramatically before then. And a proactive leader should want to address that.
[/quote]Maybe. But it doesn’t sound like much change is going to come out of this GD/TS conference:
[quote=partypup]
And if Obama has indeed made the economy his #1 focus, then why wasn’t a Treasury Secretary his first appointment? He needs to get someone up to speed and focusing on this crisis full time, 24/7, ASAP. And I heard on CNBC yesterday that there is only a 50% chance that he will appoint a Treasury secretary next week.
[/quote]How many Treasury Secretaries does it take to destroy an economy? We’ve already got one bald douchenstein fouling everything up. If there was another one running amok, the economy would probably go down the toilet even faster. There’s only one President at a time my Constitution-ignoring friend.
[quote=partypup]
And I hope the TGO label is in jest. If not, you are really starting to scare me ;-)[/quote]Yeah, it was tough to decide between The Great Obama and Obama: The Magnificent. Do you think I made the right choice?
By the way, you might want to consider getting that metal plate in your head checked. Based on your post, it’s reception seems to be faulty.
November 15, 2008 at 11:22 AM #305483Participant[quote=partypup]
TB: do you have any idea what the Summit today is regarding? It is not some ridiculous conference. This is a meeting of the leaders of most of the developed world that is being dubbed Bretton Woods II.
[/quote]Anyone thinking this meeting is going to turn into Bretton Woods II is in for a disappoint.
http://blogs.wsj.com/economics/2008/11/06/whos-the-boss-bush-obama-and-the-g-20/
[quote=partypup]
Nothing less than the future of the global financial landscape is on the table. Sarkozy has made it plainly clear that he intends to advocate to remove the dollar as the world’s sole reserve currency.
[/quote]Yeah, and a homeless man told me yesterday that he was preparing to take over the world. What’s your point? The dollar didn’t become the sole reserve currency because it was regulated to be that way. No, it became the sole reserve currency because it was the strongest, most trusted currency in the world. The market made that decision. A meeting of twenty or so Giant Douches/Turd Sandwiches isn’t going to change that.
[img_assist|nid=9611|title=GDvTS|desc=|link=node|align=left|width=332|height=248]
[quote=partypup]
No one has even suggested that Bush wants Obama to appear at the summit.
[/quote]O Rly?
So to recap: Bush almost offhandedly agreed volunteered to host a summit to discuss the state of the financial world, a very out-of-character gesture.
…
Since the time Bush picked (November 15) was after the elections, it was a bizarre gesture. Was this to pressure a new Administration into formulating views before they were ready (Bush had made it clear that the President elect would participate).
[quote=partypup]
In fact, quite the opposite, I’m sure. Moreover, Dubya is not in the position to demand or force any economic policies on the rest of the world. To the contrary, Dubya has stalled and attempted to avoid this meeting for months because the other members of the G20 are going to TELL him what the new world order should and will look like.
[/quote]OK.
That sounds like the MOST they get to do is agree on the agenda for future meetings.
If the other members of the G20 could force a new world order on the U.S., then why were they so anxious to have the U.S. host the summit? Why didn’t they just cut the U.S. out and have a G19 meeting? Answer: Because the U.S. is still the man — even in our weakened state.
[quote=partypup]
Dubya will just be taking notes. You get it now?
[/quote]Is it possible for an illiterate monkey to take notes? What a scientific breakthrough that would be. Quick! We need to get all the great scientific minds to this conference immediately!
[quote=partypup]A lot can and will happen before Jan 20. The financial world can change dramatically before then. And a proactive leader should want to address that.
[/quote]Maybe. But it doesn’t sound like much change is going to come out of this GD/TS conference:
[quote=partypup]
And if Obama has indeed made the economy his #1 focus, then why wasn’t a Treasury Secretary his first appointment? He needs to get someone up to speed and focusing on this crisis full time, 24/7, ASAP. And I heard on CNBC yesterday that there is only a 50% chance that he will appoint a Treasury secretary next week.
[/quote]How many Treasury Secretaries does it take to destroy an economy? We’ve already got one bald douchenstein fouling everything up. If there was another one running amok, the economy would probably go down the toilet even faster. There’s only one President at a time my Constitution-ignoring friend.
[quote=partypup]
And I hope the TGO label is in jest. If not, you are really starting to scare me ;-)[/quote]Yeah, it was tough to decide between The Great Obama and Obama: The Magnificent. Do you think I made the right choice?
By the way, you might want to consider getting that metal plate in your head checked. Based on your post, it’s reception seems to be faulty.
November 15, 2008 at 11:22 AM #305541Participant[quote=partypup]
TB: do you have any idea what the Summit today is regarding? It is not some ridiculous conference. This is a meeting of the leaders of most of the developed world that is being dubbed Bretton Woods II.
[/quote]Anyone thinking this meeting is going to turn into Bretton Woods II is in for a disappoint.
http://blogs.wsj.com/economics/2008/11/06/whos-the-boss-bush-obama-and-the-g-20/
[quote=partypup]
Nothing less than the future of the global financial landscape is on the table. Sarkozy has made it plainly clear that he intends to advocate to remove the dollar as the world’s sole reserve currency.
[/quote]Yeah, and a homeless man told me yesterday that he was preparing to take over the world. What’s your point? The dollar didn’t become the sole reserve currency because it was regulated to be that way. No, it became the sole reserve currency because it was the strongest, most trusted currency in the world. The market made that decision. A meeting of twenty or so Giant Douches/Turd Sandwiches isn’t going to change that.
[img_assist|nid=9611|title=GDvTS|desc=|link=node|align=left|width=332|height=248]
[quote=partypup]
No one has even suggested that Bush wants Obama to appear at the summit.
[/quote]O Rly?
So to recap: Bush almost offhandedly agreed volunteered to host a summit to discuss the state of the financial world, a very out-of-character gesture.
…
Since the time Bush picked (November 15) was after the elections, it was a bizarre gesture. Was this to pressure a new Administration into formulating views before they were ready (Bush had made it clear that the President elect would participate).
[quote=partypup]
In fact, quite the opposite, I’m sure. Moreover, Dubya is not in the position to demand or force any economic policies on the rest of the world. To the contrary, Dubya has stalled and attempted to avoid this meeting for months because the other members of the G20 are going to TELL him what the new world order should and will look like.
[/quote]OK.
That sounds like the MOST they get to do is agree on the agenda for future meetings.
If the other members of the G20 could force a new world order on the U.S., then why were they so anxious to have the U.S. host the summit? Why didn’t they just cut the U.S. out and have a G19 meeting? Answer: Because the U.S. is still the man — even in our weakened state.
[quote=partypup]
Dubya will just be taking notes. You get it now?
[/quote]Is it possible for an illiterate monkey to take notes? What a scientific breakthrough that would be. Quick! We need to get all the great scientific minds to this conference immediately!
[quote=partypup]A lot can and will happen before Jan 20. The financial world can change dramatically before then. And a proactive leader should want to address that.
[/quote]Maybe. But it doesn’t sound like much change is going to come out of this GD/TS conference:
[quote=partypup]
And if Obama has indeed made the economy his #1 focus, then why wasn’t a Treasury Secretary his first appointment? He needs to get someone up to speed and focusing on this crisis full time, 24/7, ASAP. And I heard on CNBC yesterday that there is only a 50% chance that he will appoint a Treasury secretary next week.
[/quote]How many Treasury Secretaries does it take to destroy an economy? We’ve already got one bald douchenstein fouling everything up. If there was another one running amok, the economy would probably go down the toilet even faster. There’s only one President at a time my Constitution-ignoring friend.
[quote=partypup]
And I hope the TGO label is in jest. If not, you are really starting to scare me ;-)[/quote]Yeah, it was tough to decide between The Great Obama and Obama: The Magnificent. Do you think I made the right choice?
By the way, you might want to consider getting that metal plate in your head checked. Based on your post, it’s reception seems to be faulty.
November 15, 2008 at 11:54 AM #305097partypup
Participant[quote=peterb]Really go back and check GEAB’s track record. They suck.[/quote]
Do you by any chance subscribe to their newsletter? Or are you going by snippets that you have read on the net? I have subscribed for 2-1/2 years, Peterb, and I can offer a detailed list of their accurate prognostications.
Please tell me specific instances in which GEAB was off the mark and let’s contrast those with the number of instances in which they were 100% on the mark. They actually have a very impressive track record.
November 15, 2008 at 11:54 AM #305462Participant[quote=peterb]Really go back and check GEAB’s track record. They suck.[/quote]
Do you by any chance subscribe to their newsletter? Or are you going by snippets that you have read on the net? I have subscribed for 2-1/2 years, Peterb, and I can offer a detailed list of their accurate prognostications.
Please tell me specific instances in which GEAB was off the mark and let’s contrast those with the number of instances in which they were 100% on the mark. They actually have a very impressive track record.
November 15, 2008 at 11:54 AM #305474Participant[quote=peterb]Really go back and check GEAB’s track record. They suck.[/quote]
Do you by any chance subscribe to their newsletter? Or are you going by snippets that you have read on the net? I have subscribed for 2-1/2 years, Peterb, and I can offer a detailed list of their accurate prognostications.
Please tell me specific instances in which GEAB was off the mark and let’s contrast those with the number of instances in which they were 100% on the mark. They actually have a very impressive track record.
November 15, 2008 at 11:54 AM #305493Participant[quote=peterb]Really go back and check GEAB’s track record. They suck.[/quote]
Do you by any chance subscribe to their newsletter? Or are you going by snippets that you have read on the net? I have subscribed for 2-1/2 years, Peterb, and I can offer a detailed list of their accurate prognostications.
Please tell me specific instances in which GEAB was off the mark and let’s contrast those with the number of instances in which they were 100% on the mark. They actually have a very impressive track record.
November 15, 2008 at 11:54 AM #305552Participant[quote=peterb]Really go back and check GEAB’s track record. They suck.[/quote]
Do you by any chance subscribe to their newsletter? Or are you going by snippets that you have read on the net? I have subscribed for 2-1/2 years, Peterb, and I can offer a detailed list of their accurate prognostications.
Please tell me specific instances in which GEAB was off the mark and let’s contrast those with the number of instances in which they were 100% on the mark. They actually have a very impressive track record.
November 15, 2008 at 12:33 PM #305121Participant[quote=TheBreeze]
[quote=partypup]
And I hope the TGO label is in jest. If not, you are really starting to scare me ;-)[/quote]Yeah, it was tough to decide between The Great Obama and Obama: The Magnificent. Do you think I made the right choice?
By the way, you might want to consider getting that metal plate in your head checked. Based on your post, it’s reception seems to be faulty.[/quote]
LOL. And based on your post, I suggest you grab a robe and a pair of well-made sandals so you can get your shameless Obama worship on in true Apostle-style. Wow.
I see that it is pointless to even discuss Obama with you before his shoes hit the Oval Office. But it will be interesting and amusing to see you struggle to make sense of your Messiah’s decisions and explain his actions (or lack thereof) post-January 20th when the buck stops with him and he can’t vote “present” or coat tail the decisions of 99 other members of the Senate. I actually can’t wait for that fun to begin. Biden has already given you a preview of coming attractions and warned Obamabots that they would be scratching their heads and wondering WTF Obama is thinking come June 2009.
Oh, well. I just hope some of that $700 bailout money has been earmarked for much-needed therapy for the hordes of disillusioned Obama followers when they finally realize their Messiah wears no clothes.
Until then, Breeze, enjoy the fantasy. It won’t last long 🙂
November 15, 2008 at 12:33 PM #305487Participant[quote=TheBreeze]
[quote=partypup]
And I hope the TGO label is in jest. If not, you are really starting to scare me ;-)[/quote]Yeah, it was tough to decide between The Great Obama and Obama: The Magnificent. Do you think I made the right choice?
By the way, you might want to consider getting that metal plate in your head checked. Based on your post, it’s reception seems to be faulty.[/quote]
LOL. And based on your post, I suggest you grab a robe and a pair of well-made sandals so you can get your shameless Obama worship on in true Apostle-style. Wow.
I see that it is pointless to even discuss Obama with you before his shoes hit the Oval Office. But it will be interesting and amusing to see you struggle to make sense of your Messiah’s decisions and explain his actions (or lack thereof) post-January 20th when the buck stops with him and he can’t vote “present” or coat tail the decisions of 99 other members of the Senate. I actually can’t wait for that fun to begin. Biden has already given you a preview of coming attractions and warned Obamabots that they would be scratching their heads and wondering WTF Obama is thinking come June 2009.
Oh, well. I just hope some of that $700 bailout money has been earmarked for much-needed therapy for the hordes of disillusioned Obama followers when they finally realize their Messiah wears no clothes.
Until then, Breeze, enjoy the fantasy. It won’t last long 🙂
November 15, 2008 at 12:33 PM #305499Participant[quote=TheBreeze]
[quote=partypup]
And I hope the TGO label is in jest. If not, you are really starting to scare me ;-)[/quote]Yeah, it was tough to decide between The Great Obama and Obama: The Magnificent. Do you think I made the right choice?
By the way, you might want to consider getting that metal plate in your head checked. Based on your post, it’s reception seems to be faulty.[/quote]
LOL. And based on your post, I suggest you grab a robe and a pair of well-made sandals so you can get your shameless Obama worship on in true Apostle-style. Wow.
I see that it is pointless to even discuss Obama with you before his shoes hit the Oval Office. But it will be interesting and amusing to see you struggle to make sense of your Messiah’s decisions and explain his actions (or lack thereof) post-January 20th when the buck stops with him and he can’t vote “present” or coat tail the decisions of 99 other members of the Senate. I actually can’t wait for that fun to begin. Biden has already given you a preview of coming attractions and warned Obamabots that they would be scratching their heads and wondering WTF Obama is thinking come June 2009.
Oh, well. I just hope some of that $700 bailout money has been earmarked for much-needed therapy for the hordes of disillusioned Obama followers when they finally realize their Messiah wears no clothes.
Until then, Breeze, enjoy the fantasy. It won’t last long 🙂
November 15, 2008 at 12:33 PM #305518Participant[quote=TheBreeze]
[quote=partypup]
And I hope the TGO label is in jest. If not, you are really starting to scare me ;-)[/quote]Yeah, it was tough to decide between The Great Obama and Obama: The Magnificent. Do you think I made the right choice?
By the way, you might want to consider getting that metal plate in your head checked. Based on your post, it’s reception seems to be faulty.[/quote]
LOL. And based on your post, I suggest you grab a robe and a pair of well-made sandals so you can get your shameless Obama worship on in true Apostle-style. Wow.
I see that it is pointless to even discuss Obama with you before his shoes hit the Oval Office. But it will be interesting and amusing to see you struggle to make sense of your Messiah’s decisions and explain his actions (or lack thereof) post-January 20th when the buck stops with him and he can’t vote “present” or coat tail the decisions of 99 other members of the Senate. I actually can’t wait for that fun to begin. Biden has already given you a preview of coming attractions and warned Obamabots that they would be scratching their heads and wondering WTF Obama is thinking come June 2009.
Oh, well. I just hope some of that $700 bailout money has been earmarked for much-needed therapy for the hordes of disillusioned Obama followers when they finally realize their Messiah wears no clothes.
Until then, Breeze, enjoy the fantasy. It won’t last long 🙂
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