Oh no mister Bill China is complaining that the US fed is cheapening the dollar leading to a trade war.
No the fed is not cheapening the dollar its actually doing just the opposite?
What the f***?
The fed is buying bonds, putting more money in circulation there by enabling the people of the United States to by the products produced in China.
Now possible this is just a ruse to on the Chinese part as payback for the United States pushing to have the Yuan higher.
Of cause I'm still trying to think of 20 US Businesses that would hyper US workers to sell their wares to the Chinese if the yuan was revalued. I can't think of 15 or even 10.
Now the cost of goods that are sold in the US that are made in China will go up and or profits of certain will go down. There's even a good chance US unemployment will rise.
Nothing like having 19Th century economics to the 21st century.
Saturday, November 13, 2010
Monday, November 8, 2010
Steve's barking at the bankruptcy of America
America's not going bankrupt or is it?
I'm writing about fiscal bankruptcy, not moral bankruptcy which I'm sure some one else can blog about.
So, how can that be, after all the United States is the richest country in the world?
I'm going to be very brief, if you borrow money and don't pay it back under the the terms that it was borrow, you are in default of that loan.
The way I see the U.S. government borrowed money from the social security trust fund. Now there is talk by politicians of not paying the whole amount as promised. If this were to happen that means that the government reneged on it's deal when borrowing the money.
Now because I'm a plain simple guy (some might even say I'm a simpleton)the only way not to pay what is promised is to declare bankruptcy. This being the case America could very well be declaring it's self bankrupt.
I'm writing about fiscal bankruptcy, not moral bankruptcy which I'm sure some one else can blog about.
So, how can that be, after all the United States is the richest country in the world?
I'm going to be very brief, if you borrow money and don't pay it back under the the terms that it was borrow, you are in default of that loan.
The way I see the U.S. government borrowed money from the social security trust fund. Now there is talk by politicians of not paying the whole amount as promised. If this were to happen that means that the government reneged on it's deal when borrowing the money.
Now because I'm a plain simple guy (some might even say I'm a simpleton)the only way not to pay what is promised is to declare bankruptcy. This being the case America could very well be declaring it's self bankrupt.
Wednesday, November 3, 2010
Steve's barking at short selling America
On November 2 the United States voted for the social experiment of the government that governs less governs best.
For this reason I'm short selling the United States. Is the United States economy going to go down the tubes? You betcha !
Can the federal reserve save the economy? Not on its best day.
Unemployment insurance extensions going, going, gone. Are these unemployed going to find jobs? I think not. Are they going to buy new clothes or a new car? Are you kidding?
Is the budget going to be past on time? We'll be lucky to have a budget at all. How do I know this? I'm positive that the new representatives are people of their word and they want to reduce spending, the professional politicians will fight them tooth and nail.
We'll no longer have subsidy's for farmers, making many of our farms unprofitable. Less farms, higher prices, higher prices for food, less discretionary income.
The big question is will the US become the new Italy were government was disfuncional? Yes but unlike parliament governments we can't get rid of the bums until two years.
Will the deficit go down? Are you kidding, it's going to get worse even though we be borrowing less.
Why do I think this foolishness. I can't see why China and or any other countries would want to have our bonds when we can't buy their goods and services.
What about our stock market? Surly the stock market will go up. No way! The big buyers of stocks are pensions and 401ks. Guess what they will have less money to buy stock, and because less people will be working they will have to pull money out of the market. Dow Jones less then 8000 in two years anybody.
Unemployment over 20% anybody?
New hiring for the private sector, there's no reason to hire. More business going out of business? Yes because they are trying to get blood out of a stone.
Pray that inflation isn't double digit in two years. Better yet pray that I don't know Jack what I'm writing about. I am.
For this reason I'm short selling the United States. Is the United States economy going to go down the tubes? You betcha !
Can the federal reserve save the economy? Not on its best day.
Unemployment insurance extensions going, going, gone. Are these unemployed going to find jobs? I think not. Are they going to buy new clothes or a new car? Are you kidding?
Is the budget going to be past on time? We'll be lucky to have a budget at all. How do I know this? I'm positive that the new representatives are people of their word and they want to reduce spending, the professional politicians will fight them tooth and nail.
We'll no longer have subsidy's for farmers, making many of our farms unprofitable. Less farms, higher prices, higher prices for food, less discretionary income.
The big question is will the US become the new Italy were government was disfuncional? Yes but unlike parliament governments we can't get rid of the bums until two years.
Will the deficit go down? Are you kidding, it's going to get worse even though we be borrowing less.
Why do I think this foolishness. I can't see why China and or any other countries would want to have our bonds when we can't buy their goods and services.
What about our stock market? Surly the stock market will go up. No way! The big buyers of stocks are pensions and 401ks. Guess what they will have less money to buy stock, and because less people will be working they will have to pull money out of the market. Dow Jones less then 8000 in two years anybody.
Unemployment over 20% anybody?
New hiring for the private sector, there's no reason to hire. More business going out of business? Yes because they are trying to get blood out of a stone.
Pray that inflation isn't double digit in two years. Better yet pray that I don't know Jack what I'm writing about. I am.
Tuesday, November 2, 2010
Steve's barking don't blame Me
Don't blame me, I voted for the madam (Kristien Davis) for governor. She's better suited to be governor of New York then any other candidate. Just think about it.
Tuesday, October 26, 2010
Steve's barking at the measuring of the US HS compare with Europe education
I've been hearing all my life how bad the United States high school systems can't hold a candle to European high school system. How do they know? It must be some sort of standardized test. Now when I was a young lad the only tests that were the Iowa test and the Sat's. As far as I know they were not given to students over seas. Maybe that has changed or there is another mysterious source of measurement. The other mysterious measurement is the comparison against the whole population of what would be in high school of the rest of the planet or just those in the equivalent of high school. If it's not every one then the comparison is garbage. That's right our comparisons are total garbage. It's like comparing NYC special high schools that are competitive and one has to take a test against all the other schools in the city and finding that they don't match up.
The reason I'm ranting about this is because I find comparing of our school system against school system that sends students to trade schools ludicrous unless of cause the comparison includes those students.
We want to have more of our children going to college to study math, science and engineering.
This is fine if our universities can't fill the seats now with students who desire to take these disciplines and those who get their degrees in those disciples have no problem getting jobs in them.
This is no laughing matter.
The reason I'm ranting about this is because I find comparing of our school system against school system that sends students to trade schools ludicrous unless of cause the comparison includes those students.
We want to have more of our children going to college to study math, science and engineering.
This is fine if our universities can't fill the seats now with students who desire to take these disciplines and those who get their degrees in those disciples have no problem getting jobs in them.
This is no laughing matter.
Thursday, October 14, 2010
Steve's barking at politicians who believe that government should be the Jerrry Seinfeld Show
As I remember, not to long Jerry Seinfeld had a comedy show about nothing.
As I hear the new populist politicians, they want the US government to do nothing, thereby rendering the United States one big joke. Why not, after all the Jerry Seinfeld show was a huge hit.
Now let me try to understand these politicians, if we did nothing unemployment would magically disappear.
The sick will heal themselves, corruption will be a thing of the past and of cause pigs will fly.
We should believe these politicians are fiscal conservatives, they're willing to spend millions on a job that I believe pays 180,000. That's the reason that we all should trust fiscal conservatives with our money.
As I hear the new populist politicians, they want the US government to do nothing, thereby rendering the United States one big joke. Why not, after all the Jerry Seinfeld show was a huge hit.
Now let me try to understand these politicians, if we did nothing unemployment would magically disappear.
The sick will heal themselves, corruption will be a thing of the past and of cause pigs will fly.
We should believe these politicians are fiscal conservatives, they're willing to spend millions on a job that I believe pays 180,000. That's the reason that we all should trust fiscal conservatives with our money.
Saturday, October 2, 2010
Steve's barking at what happen to the loony left?
I always know that if I had low blood pressure I could find some book by some foolish left wing person that was so outrageous that my blood pressure would right itself.
I was in Barns and Noble today I couldn't find any books by left wing ideologist all I could see was books written by traitorous wrong wing buffoons.
Of cause one can say if wanted wacko left I can watch MSNBC, or listen to Air America ( I don't believe that they broadcast in NYC, that must be because it used to the name of the CI A's old air force, or so that movie crazy Mel and wild Robert claimed.).
I just can't watch those moronic television stations. Moronic? Yes Moronic. CNN, MSNBC and the most moronic television station Fox News.
Let me try to explain, I'm a news junky, the only thing on the US news networks is opinionated anchor people telling me what they believe the stories are about. The only real news on these stations are on the scroll on the bottom of the screen. They may have 10 to 1 stories on the scroll as if that's all what's happening in the world on any given day.
The other day Ecuador had an coup attempt of cause BBC news and Euro news had live, you wold have never known this from our so called news television. They continued to broadcast their commentaries.
Lawsuit false advertisement.
I was in Barns and Noble today I couldn't find any books by left wing ideologist all I could see was books written by traitorous wrong wing buffoons.
Of cause one can say if wanted wacko left I can watch MSNBC, or listen to Air America ( I don't believe that they broadcast in NYC, that must be because it used to the name of the CI A's old air force, or so that movie crazy Mel and wild Robert claimed.).
I just can't watch those moronic television stations. Moronic? Yes Moronic. CNN, MSNBC and the most moronic television station Fox News.
Let me try to explain, I'm a news junky, the only thing on the US news networks is opinionated anchor people telling me what they believe the stories are about. The only real news on these stations are on the scroll on the bottom of the screen. They may have 10 to 1 stories on the scroll as if that's all what's happening in the world on any given day.
The other day Ecuador had an coup attempt of cause BBC news and Euro news had live, you wold have never known this from our so called news television. They continued to broadcast their commentaries.
Lawsuit false advertisement.
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