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Thread: U.S. Economy Up 3.5% in 3rd Quarter, Capping Best 6 Months in Over a Decade[W:75]

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    Re: U.S. Economy Up 3.5% in 3rd Quarter, Capping Best 6 Months in Over a Decade[W:75]

    This will not end well for our children's children...

    Ponzi: Treasury Issues $1T in New Debt in 8 Weeks—To Pay Old Debt
    November 28, 2014 - 2:37 PM

    By Terence P. Jeffrey

    The Daily Treasury Statement that was released Wednesday afternoon as Americans were preparing to celebrate Thanksgiving revealed that the U.S. Treasury has been forced to issue $1,040,965,000,000 in new debt since fiscal 2015 started just eight weeks ago in order to raise the money to pay off Treasury securities that were maturing and to cover new deficit spending by the government.
    ...

    This mode of financing the federal government resembles what the Securities and Exchange Commission calls a Ponzi scheme. “A Ponzi scheme," says the Securities and Exchange Commission, “is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors,” says the Securities and Exchange Commission. “With little or no legitimate earnings, the schemes require a consistent flow of money from new investors to continue,” explains the SEC. “Ponzi schemes tend to collapse when it becomes difficult to recruit new investors or when a large number of investors ask to cash out.”

    Full Article: Ponzi: Treasury Issues $1T in New Debt in 8 Weeks
    Wake Up America!

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    Re: U.S. Economy Up 3.5% in 3rd Quarter, Capping Best 6 Months in Over a Decade[W:75]

    Quote Originally Posted by BringIt View Post
    This will not end well for our children's children...

    Ponzi: Treasury Issues $1T in New Debt in 8 Weeks—To Pay Old Debt
    November 28, 2014 - 2:37 PM

    By Terence P. Jeffrey

    The Daily Treasury Statement that was released Wednesday afternoon as Americans were preparing to celebrate Thanksgiving revealed that the U.S. Treasury has been forced to issue $1,040,965,000,000 in new debt since fiscal 2015 started just eight weeks ago in order to raise the money to pay off Treasury securities that were maturing and to cover new deficit spending by the government.
    ...

    This mode of financing the federal government resembles what the Securities and Exchange Commission calls a Ponzi scheme. “A Ponzi scheme," says the Securities and Exchange Commission, “is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors,” says the Securities and Exchange Commission. “With little or no legitimate earnings, the schemes require a consistent flow of money from new investors to continue,” explains the SEC. “Ponzi schemes tend to collapse when it becomes difficult to recruit new investors or when a large number of investors ask to cash out.”

    Full Article: Ponzi: Treasury Issues $1T in New Debt in 8 Weeks



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    Re: U.S. Economy Up 3.5% in 3rd Quarter, Capping Best 6 Months in Over a Decade[W:75]

    Quote Originally Posted by mac View Post
    If we became energy independent, not only would that improve our economy due to decreased costs for consumers and producers, it would lower energy costs worldwide since we are a major consumer of oil. If we're not buying oil, then the price drops worldwide. Not only would energy independence be a huge domestic security boon, but a hugely significant economic boon.
    That will never happen. For one, we EXPORT the oil produced here because it is more expensive. We still import mostly all of the oil we use domestically. Now with the price plunge you will see a good drop in production here since they would lose money trying to get it out of the ground.

    Energy independence is a pipe dream unless we find alternative energy sources.

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    Re: U.S. Economy Up 3.5% in 3rd Quarter, Capping Best 6 Months in Over a Decade[W:75]

    Quote Originally Posted by JRSaindo View Post
    That will never happen. For one, we EXPORT the oil produced here because it is more expensive. We still import mostly all of the oil we use domestically. Now with the price plunge you will see a good drop in production here since they would lose money trying to get it out of the ground.

    Energy independence is a pipe dream unless we find alternative energy sources.
    Whether we export it or not is irrelevant. More oil on the market means lower prices globally.
    ”People willing to trade their freedom for temporary security deserve neither and will lose both.” --- Ben Franklin

    Quote Originally Posted by The German View Post
    Sterotypes are mostly based on truths.

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    Re: U.S. Economy Up 3.5% in 3rd Quarter, Capping Best 6 Months in Over a Decade[W:75]

    Median US wage $13/hr. 50% of Americans don't work, of the 50% that do work they make less than $13/hr.

    /thread

    <-IDNeon wins thread

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