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Thankful to be a kiwi

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  • Thankful to be a kiwi

    On international news tonight, US assets 45 trillion, about 20 of which is in housing.
    Debt?? A mere 145 trillion!!!!!!

  • #2
    Really? They have a net asset position of -$100 trillion and growing?

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    • #3
      This would be including all those unfunded liabilities, yes?
      Cheers,
      Andrew

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      • #4
        It didn't give a whole lot of detail. It was a US government newsy item simply highlighting how bankrupt the nation was, scary!!

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        • #5
          They had better buy some more printing presses.
          Where can I buy shares in a green ink company???
          The three most harmful addictions are heroin, carbohydrates and a monthly salary - Fred Wilson.

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          • #6
            Originally posted by PC View Post
            They had better buy some more printing presses.
            Where can I buy shares in a green ink company???
            Ha! way to think outside the box....

            P.S When you find out, PM me.....

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            • #7
              To look on the positive side of things for a change.
              That is a potential 100 trillion US dollars of growth that may occur in the medium to long term future if or when that asset values come into line with the debt or vise versa.
              To be part of that 100 trillion dollar growth might be a opportunity that should not be missed

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              • #8
                Originally posted by WBuffett View Post
                To look on the positive side of things for a change.
                That is a potential 100 trillion US dollars of growth that may occur in the medium to long term future if or when that asset values come into line with the debt or vise versa.
                To be part of that 100 trillion dollar growth might be a opportunity that should not be missed
                maybe... but can't see it at this stage

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                • #9
                  Originally posted by WBuffett View Post
                  To look on the positive side of things for a change.
                  That is a potential 100 trillion US dollars of growth that may occur in the medium to long term future if or when that asset values come into line with the debt or vise versa.
                  To be part of that 100 trillion dollar growth might be a opportunity that should not be missed
                  Or it could be the potential for 100trillion dollars worth of currency devaluation.

                  Buy wheelbarrows!

                  HermanZ

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                  • #10
                    Originally posted by WBuffett View Post
                    To look on the positive side of things for a change.
                    That is a potential 100 trillion US dollars of growth that may occur in the medium to long term future if or when that asset values come into line with the debt or vise versa.
                    To be part of that 100 trillion dollar growth might be a opportunity that should not be missed
                    Energy makes the world go round not imaginary numbers based on ...nothing...

                    Wheres the resources to fuel more growth? You are already begining to experience what happens when oil price and supply hit a cieling level in supply and price....the ponzi financial debt system has stalled...printing more currency does nothing...

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                    • #11
                      Yep, world growth is in reverse, which is what a few of us have been saying would happen. Oil is starting to rise again, the energy factor is key to understanding how things may play out and to be prepared accordingly. It's going to bounce like this for a long long while from here on. Each time growth starts, high oil, energy and food prices will knock it down. Negative economic growth, continuing population growth. A long slow grind down for the West as China, India & Russia take their share and world growth reverses as resources are harder to get. Exponentiality, simple.

                      Nothing doom & gloom really, unless you are someone who is oblivious to the eventualities.

                      My advice is still to lower debt.
                      Find The Trend Whose Premise Is False - Then Bet Against It

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