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Thread: Obama warns about years of trillion-dollar deficits

  1. #41
    Banned Goobieman's Avatar
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    Re: Final nail in the coffin

    Quote Originally Posted by Maximus Zeebra View Post
    I am certainly going to abandon all my dollar assets with this type of news, and I am sure global trust in the American economy is going to fail completely. Now I am not just saying collapse in the US is possible, unavoidable.
    Yes -- and this means something, because you know what you're talking about.

  2. #42
    Banned Iriemon's Avatar
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    Re: Obama warns about years of trillion-dollar deficits

    Quote Originally Posted by JMak View Post
    Nobody said such a thing nor implied as such. Christ!
    OK -- I read your post out of context. I retract.

    And use what? The Yuan? Yen? Euros? Not in our lifetime.
    The Euro would be the most likely candidate. Hopefully you are correct.

  3. #43
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    Re: Final nail in the coffin

    Quote Originally Posted by Goobieman View Post
    Yes -- and this means something, because you know what you're talking about.
    If you read the rest of my post and quoted that as well, you would see that I actually do.. Who will invest in a 75% deficit run economy.. Do you even know how much tax income the US federal government have? Compared with deficits of 1.2 trillion $ before the rescue package of 800 billion $ which is a seperate package, making it 2 trillion$ between them, then I am sure I am not the only one who will loose faith in the US economy. Especially considering the anual trade deficits and the private debts that the US people is suffering with..
    People are talking about recession that will last until 2010. I am sure that if the US ever recovers, it will not be before 2015. Lets see who is right. Remember this post then..

    What happens btw when people withdraw their US assets in great numbers as a result of faith in your economy? Thats the interesting question to someone as knowledgeable as you () who responds to a post with "you are wrong" type of "arguments".
    Europe is illegally occupied by the US

  4. #44
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    Re: Obama warns about years of trillion-dollar deficits

    Quote Originally Posted by Iriemon View Post
    OK -- I read your post out of context. I retract.



    The Euro would be the most likely candidate. Hopefully you are correct.
    I think a combination of the Euro, the Swizz franc, the Yen and the Chinese Yuan will take a lot of the US dollar marketshare over the next 5 years.
    Europe is illegally occupied by the US

  5. #45
    Banned Goobieman's Avatar
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    Re: Final nail in the coffin

    Quote Originally Posted by Maximus Zeebra View Post
    If you read the rest of my post and quoted that as well, you would see that I actually do.
    Hardly.
    Like with so many other of your posts, its nothing but issue-of-the-moment, anti-American sensationalism.

  6. #46
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    Re: Final nail in the coffin

    Quote Originally Posted by Goobieman View Post
    Hardly.
    Like with so many other of your posts, its nothing but issue-of-the-moment, anti-American sensationalism.
    If you look beyond your feelings and look at reality, you will see that the post is actually very pro American. Its just reality.

    The amount of solutions for the US is shrinking each year, which in my opinion is a dreadful thing.

    If I see my friend constantly shooting himself in the foot, I will always try to stop him..
    Europe is illegally occupied by the US

  7. #47
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    Re: Final nail in the coffin

    Quote Originally Posted by Maximus Zeebra View Post
    If you look beyond your feelings and look at reality, you will see that the post is actually very pro American. Its just reality.
    (psst, you're talking to Goobieman)

  8. #48
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    Re: Obama warns about years of trillion-dollar deficits

    Invest in wheel barrow manufacturers.

    Everyone will need one to take enough money to the grocery story to buy food for an evening meal.

  9. #49
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    Re: Obama warns about years of trillion-dollar deficits

    Obama: "Well, I usually hate deficets, but this time I really need to."

    No wonder why he can't quite smoking.
    "If you tell a big enough lie and tell it frequently enough, it will be believed."
    Adolf Hitler

  10. #50
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    Re: Final nail in the coffin

    Quote Originally Posted by Goobieman View Post
    Hardly.
    Like with so many other of your posts, its nothing but issue-of-the-moment, anti-American sensationalism.
    And as I repeated in another post.. I am European, I want nothing more for America than its stability and continued success, other than that its not my concern. When things go badly, I am frustrated, sad and angry(especially when it could be prevented and its not) like I would be if things go badly in Europe, which just proves that I care about America.
    Currently I am "worried" about Europe, but deeply concerned and terrified about whats happening in America.
    Last edited by Maximus Zeebra; 01-07-09 at 06:09 PM.
    Europe is illegally occupied by the US

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