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The-Shoveler
ParticipantDelete, wrong thread
ParticipantNice Congrats,
Always liked that area but did not like the high HOA and MR in most of the SEHParticipantMaybe a split into a north EU and a south EU ?
The EU situation seems very complex, and was probably a bad Idea from the start.
Any way I think the more immediate issue is Russia right now and what going on with their election?
That could be a real negative for the world economy if things go all late eighties there.
And Iran and Pakistan, I think Pakistan is maybe about done being our friend here.But at the same time
The other interesting thing that is getting no air time and is very important and dramatic shift in America’s energy future.We are now set to become a net exporter of energy products (LNG and Coal but now Oil also). Seems almost unbelievable but is something I have been saying for a while now (We DON’T NEED THE MIDDLE EAST).
The other shift that is occurring right under our noses is the shift to Compressed NG and LNG use in trucking in the U.S,. seems the market is doing what policy and pickens could not. When LNG is about 1.5 to 2 dollars a Gallon equivalent, diesel fuel starts to look very expensive to truck companies.
Which brings us back to Russia I guess and maybe Iran those are the two big wild cards right now IMHO.ParticipantChina, Japan etc… decide to sell all us treasuries at once in an act of whatever,
Let’s see.
Well seeing as the fed seems to have the ability to purchase an UNLIMITED amount of U.S. treasuries ,
I would think the fed will wait to buy the treasuries back at some extreme discount , then proceed to buy as many treasuries as necessary to bring the interest rate back down to a reasonable level. The very next day,
Then Ben will come on TV and do an end-zone dance.Just joking (well about the end zone thing anyway).
ParticipantGuys I am sorry, I just can’t take this “our currency is going to fail” seriously,
Will we have some serious inflation ? (most likely)
My guess about 7-8% inflation a year for 5 or so years
(that will be bad no doubt about it) but it is also the only way we will ever get out of this mess as well.
Will your un-invested cash in the bank or under your mattress be worth about 50% less than it is now,
(yes most likely).
Are there outrageous Deals on homes in places other than coastal SD right now ?
(YES I at least think so).
If you must live in Coastal SD , sorry I can’t help you and I wish you luck.ParticipantBehold !! the All powerful Federal reserve bank !!! (well at least in terms of the U.S. Dollar and U.S . Federal Debt).
Able to buy unlimited U.S. treasuries and pay all interest back to the U.S treasury !!
Able to pay all the funds it receives from the maturing Treasury’s back to the U.S. Treasury !!
Please tell me you won’t accept my dollars anymore then I can fix my deflation issues and create Job’s here !!!
And I won’t have to send you any financial aid or food , Please Tell me !!!Just joking but some mild form of the above will happen,
ParticipantWeimar Germany circa 1920’s was caused because Germany was forced to make a reparations payments in gold-backed Marks. Not a fiat currency.
I say this as it always comes up for hyper inflation.
ParticipantYou will notice that the U.S.A Fed Bank loan to the EU central bank does not get added to the U.S.A Debt clock !!
Making my point (theory) that worrying about out federal Debt is meaningless because it is an illusion designed to control and stabilize resources and labor.And can be quickly done away with by the Fed Bank.
The fed cannot keep any interest it makes and must return any profit to the U.S. treasury at the end of each year (that is key ).
ParticipantUn-plug the Debt clock!!
As long as there is a fed, there will never be a day where we don’t sell 100% of all U.S.A. treasuries put up for auction.Also:
There will never be a day where we absolutely must have anything from any other country that we cannot produce ourselves or trade for food.ParticipantOn the other hand
If Ben could have managed 30-50% wage inflation over the last ten years we could have managed our housing bubble too !!!
60% of China wealthiest want to leave
A 30-40% reallocation of this wealth overseas would see the depletion of China’s foreign exchange reserve by close to 1 trillion USD or moreBecoming more like south America ?
http://www.globalpost.com/dispatch/china-and-its-neighbors/100121/battling-shenzhens-child-snatchersParticipantThat is what I completely don’t get, how anyone worries about the national debt, Personal debt is real, but nation debt is an illusion as long as you control what must be paid back (ie.. U.S.A. DOLLARS).
Literally the Fed could completely pay off all the U.S.A. national debt in one day all 16 or so trillion.
Step 1)Make a rule that all treasuries will expire at a certain date if not redeemed for cash!
Step 2) Fed Just buys all outstanding treasuries and burns them, all done no debt !!ParticipantYour getting huge man HUGE !!
Just kidding, keep it up !!
ParticipantThe Real Reason for the Housing bubble,
“Owners Equivalent Rent”
It started the bubble in the eighties just after it was introduced, and it will be the reason for the next one as it keeps policy several years behind housing prices.
BTW the Bubbles and busts were much more severe before the fed believe it or not.
But I do agree with one thing, we don’t need the middle east we have all the energy we need right here, also we definitely don’t need anything from china.
ParticipantCurrently, the Salton Sea in California contains enough geothermal energy locked in salt-brine to meet the entire electrical needs of the United States 20 times
Salton Sea Geothermal Field, California
The Salton Buttes lie within the Salton Sea geothermal field, where temperatures at 1.5 to 2.5 kilometers reach 360 degrees C, and sediments of the Colorado River delta are begin metamorphosed to greenschist facies. — Excerpt from: Wood and Kienle, 1990, Volcanoes of North America: United States and Canada: Cambridge University Press, 354p., p.245, Contribution by: L. J. Patrick Muffler
The Salton Sea geothermal field lies in the Salton Trough, the landward extension of the Gulf of California, an area of active crustal spreading. The Salton Buttes volcanoes lie within the Salton Sea geothermal field where temperatures measured in wells drilled for geothermal brines range up to 360 degrees C at depths of 1,500 to 2,500 meters (Helgeson, 1968). The wells produce a hot brine containing up to 160,000 ppm of dissolved solids, chiefly Cl, Na, K, Ca, and Fe (White, 1968). Under the influence of this hot saline brine, the sediments of the Salton Trough are being transformed into metamorphic rocks of the greenschist facies (Muffler and White, 1969). — Excerpt from: Robinson, Elders, and Muffler, 1976, Quaternary volcanism in the Salton Sea geothermal field, Imperial Valley, California: GSA Bulletin 87, p.347-360, March 1976 -
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