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Breaking News Home | All | Religion | Society | Tech | Choice | Fridays | SA Newsroom
FRONT PAGE  |  10/20/2017
TUESDAY, NOV 29, 2011  |  9 comments
European debt crisis may hit U.S. economy harder

In its latest economic outlook released on Monday, the OECD said the level of uncertainty surrounding the U.S. economy was high and risks were heavily tilted to the downside.

"Negative spillovers from the turmoil in European markets could be greater than expected and have the potential to derail the recovery in activity and renew fears among financially fragile households and businesses," it said.

So far, analysts and some Federal Reserve officials have played down concerns that the euro zone debt crisis, which has roiled financial markets, will hit the broader economy hard. ...


CLICK HERE to Read Entire Article
www.reuters.com

Response to economic crisis?
  START  
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· Page 1 ·  Found: 9 user comment(s)
News Item11/30/11 11:20 PM
Neil | Tucson  Find all comments by Neil
Maybe so, yet he also attended church services held in the US Capitol. As I said, a flake.
http://www.loc.gov/exhibits/religion/rel06-2.html
A fascinating webpage, esp. given its publisher.

The date of Plumer's work seems to be 1865, so in context, the subject is unsurprising. Lincoln's fears were well founded – the Confederacy was a money–printing tyranny, contrary to what its many Christian sympathizers think.

9

News Item11/30/11 8:38 PM
RP  Find all comments by RP
Neil wrote:
I must've missed it, for I usually skim over Jim's posts, as they are repetitive when they are not mistaken. His claim that we are a Masonic nation contributes to this.
I suspect it is still not commonly understood, on both sides of the Atlantic, that Parliament was quite divided over the American question. So I don't think TJ needed royal favor to secure a loan.
The more I learn about Jefferson, the more he strikes me as a flake, particularly after I read David McCollough's bio of John Adams.
Mr. Jefferson was a deist, but in reading some of his thoughts he logically prophesied President Obama's right to be appointed the rod of God's Retributive Providence (see Plumers 'Jehovah Jireh a Treatice on Providence' a must read for the coming hard realities) which will continue unless the Church and State repent of those deeds that have cumulatively brought the Divine displeasure.
8

News Item11/30/11 7:55 PM
A Bruce Reid  Find all comments by A Bruce Reid
RP wrote:
did you ever read Jim's link
Somebody actually read one of Jim's links?
7

News Item11/30/11 7:40 PM
Neil | Tucson  Find all comments by Neil
I must've missed it, for I usually skim over Jim's posts, as they are repetitive when they are not mistaken. His claim that we are a Masonic nation contributes to this.

I suspect it is still not commonly understood, on both sides of the Atlantic, that Parliament was quite divided over the American question. So I don't think TJ needed royal favor to secure a loan.

The more I learn about Jefferson, the more he strikes me as a flake, particularly after I read David McCollough's bio of John Adams.

6

News Item11/30/11 7:24 PM
RP  Find all comments by RP
Neil wrote:
Is being a slave to a state bank any better? At any rate, the Fed is a hybrid, part public & private, a compromise typical of Congress. I would say it is formally private (a sop to 1900's conservatives),
but functionally subordinate to public policy to a unique degree.
"I believe that banking institutions are more dangerous to our liberties than standing armies." - Thos. Jefferson. Then why did he borrow so much from such "villains" that he died in hock? BTW, at one point this champion of American liberty owed $13000 to English creditors!
Neil, did you ever read Jim's link that he posted some time ago about the ongoing connection to the British Monarchy, maybe that explains TJ's good connections, for such an apparently poor loan risk?
5

News Item11/30/11 7:07 PM
Neil | Tucson  Find all comments by Neil
A reminder: No one forced those people to take out loans. The debtor who signed the papers made a vow, and is responsible for payment regardless of the lender's foolishness; if he cannot, he is a thief, not a victim.

And those firms that got under water trading those securities are no less so. They should be liquidated at least (perhaps the "corporate veil" should be pierced here), not bailed out by pain-phobic politicians. It seems to be fear of pain which drives our whole culture, from bottom to top. This may explain church degeneracy as well.

4

News Item11/30/11 6:59 PM
jpw  Find all comments by jpw
Greenspan has made it clear. Their independent agency has no one that overrules them.

http://www.youtube.com/watch?v=ol3mEe8TH7w&feature=related

http://www.youtube.com/watch?v=ozD8ojH5PJU&feature=related

This power was transferred from Congress to private bankers in 1913.

A few businessmen created a derivitive market, trading people's home loans like commodities. Then when the derivitive market created a bubble and then crashed the real estate market, they went to Congress and demanded trillions in dollars. When people began foreclosing and court proceedings, the banks could not legitamately prove ownership because they had traded out loans in groups---with the home-owner never knowing their home was being traded like marbles on a playground. Now the people owe trillions to these businessmen, while they teach their children about the old days of oligarchies and the newer enlightened age of today.

3

News Item11/30/11 6:41 PM
Neil | Tucson  Find all comments by Neil
Pensive wrote:
Until the U.S. declares bankruptcy, we're slaves to these private bankers.
Is being a slave to a state bank any better? At any rate, the Fed is a hybrid, part public & private, a compromise typical of Congress. I would say it is formally private (a sop to 1900's conservatives), but functionally subordinate to public policy to a unique degree.

"I believe that banking institutions are more dangerous to our liberties than standing armies." - Thos. Jefferson. Then why did he borrow so much from such "villains" that he died in hock? BTW, at one point this champion of American liberty owed $13000 to English creditors!

2

News Item11/30/11 5:51 PM
Pensive  Find all comments by Pensive
"The fed now owns more US debt than China and is the number one holder of US bonds. Do you see why I often say that the US government is a wholly owned subsidiary of the Federal Reserve?

"As of Sept 28th the Federal Reserve’s balance sheet lists $1.665 trillion in US Treasury securities compared to runner up China’s at $1.1483 trillion. In layman’s terms, that means that the Federal Reserve now owns the largest portion of the total US public debt (which is about $10.3 trillion out of the whole $15 trillion pie)."

FT: The Eurozone Has 9 Days At Most

Not only does the Federal Reserve all but own the U.S. govenment, but these private banks may soon own a big chunk of the Eurozone.

It's not shocking that the Dow would gain 490 pts today since investors sense the U.S. as the safe haven.

Until the U.S. declares bankruptcy, we're slaves to these private bankers.

1
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