The Federal Reserve Bank bankrupt?
 

wrote in message
...
On Fri, 1 Oct 2010 10:32:48 -0700, "nom=de=plume"
wrote:

http://www.suite101.com/content/top-...s-2009-a204269


This seems like a good list to me...


# Civilian aircraft including parts . US$74.7 billion, up 1% from 2008
(7.1% of total US exports)
# Medicinal, dental and pharmaceutical preparations . $46.1 billion,
up 14.1% (4.4%)
# Semiconductors . $37.5 billion, down 26% (3.5%)
# Other industrial machines . $30.9 billion, down 19.1% (2.9%)
# Automotive parts and accessories . $30 billion, down 24.6% (2.8%)
# Telecommunications equipment . $28.7 billion, down 12.6% (2.7%)
# Passenger cars . $27.5 billion, down 44.5% (2.6%)
# Medicinal equipment . $26.9 billion, down 0.5% (2.5%)
# Electric apparatus . $26.1 billion, down 15.5% (2.5%)
# Plastic materials . $25.5 billion, down 19.3% (2.4%).

8 of the top 10 are going down. Not an encouraging trend.




Too bad the ones that employ the most Americans are in decline


As I said, economies wax and wane. It's the way the world works. Yes, it's
too bad. It's not the end of the world as we know it.

The Federal Reserve Bank bankrupt?
 

wrote in message
...
On Fri, 1 Oct 2010 10:33:49 -0700, "nom=de=plume"
wrote:


wrote in message
. ..
On Fri, 01 Oct 2010 03:59:32 -0400, bpuharic wrote:

On Fri, 01 Oct 2010 02:02:40 -0400, wrote:



The issue is not monetary policy, it is a decline in our capacity to
produce things we can sell the world.

and one of the biggest factors in this was the destruction of unions.
a recent series of articles in 'slate' showed that countries with
strong unions also have strong manufacturing bases. the right
destroyed the unions in this country and, bye bye manufacturing

The unions caused it to some degree by making our workers too
expensive to compete in a world market and not being willing to budge.
The only states that are growing in manufacturing capacity are the
non-union states.

You really can't blame the unions for screwed up, exploitive management
practices that caused the unions to be formed in the first place.


The question is what caused them to decline. You can blame it on
management but managers answer to stock holders, not unions.

Management has a judiciary obligation to stockholders to look at the
long-term view, even though stockholders might not appreciate that quarter
to quarter.

In the late 80s and beyond we rated the economy based on how the stock
market was doing, not how the workers were doing. We still rate the
economy on how the major stock indexes are doing.

Ok. Not sure what that has to do with the Fed, the decline of unions, or
anything else, but ok.

Bob dances around it but that was particularly true during the Clinton
administration. The decline of his middle class went into high gear
during that time. That was when major corporations started shedding
their senior employees in massive downsizing actions, just to pump up
stock prices. That was where his "prosperity" came from.

Please define the "middle class."

Keep in mind that union workers are only about 8% of the work force.

http://www.thirdworldtraveler.com/Kr...ar_MClass.html

The Federal Reserve Bank bankrupt?
 

wrote in message
...
On Fri, 1 Oct 2010 10:38:08 -0700, "nom=de=plume"
wrote:

They are already braced to take that loss. China is smart enough to
see our current system is unsustainable. The only question is whether
they want to get out while the dollar is still strong or ride it down.
They may take the tough love decision to squeeze us, just to force us
into fiscal responsibility and insure a longer term market for their
goods.

Not true. They're in it for the money. They intend to keep playing.
They're
certainly going to squeeze us (continue to actually) to get our house in
order. What's wrong with that? Everyone wins.

We are not going to be any happier about it than the Greeks were when
the Germans told them they had to cut their entitlements.
The question is how that manifests itself. We have a horrible history
of electing politicians who will not admit we are in trouble and
promise to kick the can down the road.

In any case, China isn't going to quit playing, which is the point. No one
is particularly happy about getting fewer services for more dollars.

The Federal Reserve Bank bankrupt?
 

"Califbill" wrote in message
m...


wrote in message
...
On Fri, 1 Oct 2010 10:38:08 -0700, "nom=de=plume"
wrote:

They are already braced to take that loss. China is smart enough to
see our current system is unsustainable. The only question is whether
they want to get out while the dollar is still strong or ride it down.
They may take the tough love decision to squeeze us, just to force us
into fiscal responsibility and insure a longer term market for their
goods.

Not true. They're in it for the money. They intend to keep playing.
They're
certainly going to squeeze us (continue to actually) to get our house in
order. What's wrong with that? Everyone wins.

We are not going to be any happier about it than the Greeks were when
the Germans told them they had to cut their entitlements.
The question is how that manifests itself. We have a horrible history
of electing politicians who will not admit we are in trouble and
promise to kick the can down the road.

The Chinese can bankrupt us yet not take a Trillion buck loss. The value
of the their debt holdings are decreasing with any inflation we get. And
they may get 50% of the debt and win a war against evil America and not
even have to shoot off a missile. We've spent a Trillion in the middle
east on the longest war in US history and still no way to win. They spend
$500 Billion and win. The ability to print money does not guarantee we
can not go BK. If overspending by government made us richer, the USSR
would still be the USSR and be the richest entity of all the nation
states.

Sure. Go hide. We'll let you know when it's safe to come out.

The Federal Reserve Bank bankrupt?
 

"Canuck57" wrote in message
...
On 10/1/2010 8:28 AM, Harry® wrote:
wrote in message
...

wrote in message
...
On Thu, 30 Sep 2010 17:55:44 -0700, "nom=de=plume"
wrote:


wrote in message
...

So is the US The Federal Reserve Bank bankrupt?

Perhaps. They are issuing lots of new fiat money to the US and other
governments as no one is lending them money any more. Keep crating
money
until it breaks and then declare bankruptcy on a world wide scale.

http://curiouscapitalist.blogs.time....dump-u-s-debt/

Which is the real reason behind government rant on currency, they
want
the
Chinese to eat the depreciation of US debt.

Suckers play by democrat debtors in denial.

Boats are only going to get cheaper.

--
Is government working for you, or are you working for the government?

Nuckles, nuckles... the Fed can't go bankrupt. Learn to use google.
Google
is your friend.


Certainly it can. All it would take is for China to stop buying our
debt and dump their dollars on the world money markets.

As I said, it can't go bankrupt.

It would certainly hurt them bad but it would kill us. The Chinese
expect tanks in the street to kick them back into the fold but we
would not survive as a country if it happens here.

No, actually, the reverse is true. It would hurt us and wipe them out.



What logic supports your theory?


nom=de=plume has logic? Hahaha... she-it doesn't have the money to invest
and knows nothing.


--
Is government working for you, or are you working for the government?

Nuckles has a brain?? Hahaha... Moron Canuck barely functions, is a
racist/liar, and is barred from entering the US.

The Federal Reserve Bank bankrupt?
 

"nom=de=plume" wrote in message ...

wrote in message
...
On Fri, 1 Oct 2010 10:32:48 -0700, "nom=de=plume"
wrote:

Go to any store, pick up just about anything and see where it came
from.

So, you want us to compete to make plastic toys? Well, actually, what gets
produced here doesn't usually have a lead problem.

Have you looked at anything other than plastic toys?
Look at things like tools, electronics or clothes. How many are US
made?
We send them scrap iron, they send us socket wrenches.

And, I pointed out that we also export lots of stuff. Your point? We used to
be afraid of Japan. Now, we're "afraid" of China. I prefer not to be
"afraid."



Do as you're told you'll be fine. Snicker.

--
Harry
"The 'C' students run the world."

The Federal Reserve Bank bankrupt?
 

"nom=de=plume" wrote in message ...

wrote in message
...
On Fri, 1 Oct 2010 10:32:48 -0700, "nom=de=plume"
wrote:

http://www.suite101.com/content/top-...s-2009-a204269


This seems like a good list to me...


# Civilian aircraft including parts . US$74.7 billion, up 1% from 2008
(7.1% of total US exports)
# Medicinal, dental and pharmaceutical preparations . $46.1 billion,
up 14.1% (4.4%)
# Semiconductors . $37.5 billion, down 26% (3.5%)
# Other industrial machines . $30.9 billion, down 19.1% (2.9%)
# Automotive parts and accessories . $30 billion, down 24.6% (2.8%)
# Telecommunications equipment . $28.7 billion, down 12.6% (2.7%)
# Passenger cars . $27.5 billion, down 44.5% (2.6%)
# Medicinal equipment . $26.9 billion, down 0.5% (2.5%)
# Electric apparatus . $26.1 billion, down 15.5% (2.5%)
# Plastic materials . $25.5 billion, down 19.3% (2.4%).

8 of the top 10 are going down. Not an encouraging trend.




Too bad the ones that employ the most Americans are in decline


As I said, economies wax and wane. It's the way the world works. Yes, it's
too bad. It's not the end of the world as we know it.



Yes it is, unfortunately.

--
Harry
"The 'C' students run the world."

The Federal Reserve Bank bankrupt?
 

"nom=de=plume" wrote in message ...

wrote in message
...
On Fri, 1 Oct 2010 10:33:49 -0700, "nom=de=plume"
wrote:


wrote in message
...
On Fri, 01 Oct 2010 03:59:32 -0400, bpuharic wrote:

On Fri, 01 Oct 2010 02:02:40 -0400, wrote:



The issue is not monetary policy, it is a decline in our capacity to
produce things we can sell the world.

and one of the biggest factors in this was the destruction of unions.
a recent series of articles in 'slate' showed that countries with
strong unions also have strong manufacturing bases. the right
destroyed the unions in this country and, bye bye manufacturing

The unions caused it to some degree by making our workers too
expensive to compete in a world market and not being willing to budge.
The only states that are growing in manufacturing capacity are the
non-union states.

You really can't blame the unions for screwed up, exploitive management
practices that caused the unions to be formed in the first place.


The question is what caused them to decline. You can blame it on
management but managers answer to stock holders, not unions.

Management has a judiciary obligation to stockholders to look at the
long-term view, even though stockholders might not appreciate that quarter
to quarter.

In the late 80s and beyond we rated the economy based on how the stock
market was doing, not how the workers were doing. We still rate the
economy on how the major stock indexes are doing.

Ok. Not sure what that has to do with the Fed, the decline of unions, or
anything else, but ok.

Bob dances around it but that was particularly true during the Clinton
administration. The decline of his middle class went into high gear
during that time. That was when major corporations started shedding
their senior employees in massive downsizing actions, just to pump up
stock prices. That was where his "prosperity" came from.
plumbers
Please define the "middle class."

Keep in mind that union workers are only about 8% of the work force.

http://www.thirdworldtraveler.com/Kr...ar_MClass.html




But an important 8% auto workers, steel workers, garment workers, teachers, postal employees, electricians, plumbers, carpenters ect.

When a union employed social worker pulls down almost 130K there's something wrong. The union fat cats are not suffering like the union membership is.

You have your head so far up your ass you're looking at your tonsils. Go away little girl. Hey. That's a song title, isn't it?

Harry
"The 'C' students run the world."

The Federal Reserve Bank bankrupt?
 

YukonBound wrote:


"Secular Humoresque" wrote in message
...
On 10/1/10 1:34 PM, nom=de=plume wrote:

"Jack" wrote in message
...

On Oct 1, 3:59 am, bpuharic wrote:
On Fri, 01 Oct 2010 02:02:40 -0400, wrote:

The issue is not monetary policy, it is a decline in our capacity to
produce things we can sell the world.

and one of the biggest factors in this was the destruction of unions.
a recent series of articles in 'slate' showed that countries with
strong unions also have strong manufacturing bases. the right
destroyed the unions in this country and, bye bye manufacturing

You're using backward logic. Actually, more manufacturing brings more
unions. Less manufacturing = less unions. Unions priced themselves
out of the market, and people like you killed manufacturing by buying
cheap chinese-made battery chargers at walmart. You killed the unions
with your purchasing decisions.

Sure.. you're right, except for the root cause of union creation... BAD
MANAGEMENT.




Manufacturers left the USA not because they weren't making
profit...they simply did not think they were making enough profit.
Greed took over, big time.

Prices for most consumer items are far higher than they ever were
when they were made in the USA by unionized workforces and labor
charges in the Pacific Rim are not much better than slave labor rates.

You figure out the rest.


Yup.. it's the importers... buying cheap & selling high.
Say what? Do you read before you post, dummy?

The Federal Reserve Bank bankrupt?
 

bpuharic wrote:
On Fri, 01 Oct 2010 11:02:17 -0400, wrote:


On Fri, 01 Oct 2010 03:59:32 -0400, wrote:


On Fri, 01 Oct 2010 02:02:40 -0400, wrote:



The issue is not monetary policy, it is a decline in our capacity to
produce things we can sell the world.

and one of the biggest factors in this was the destruction of unions.
a recent series of articles in 'slate' showed that countries with
strong unions also have strong manufacturing bases. the right
destroyed the unions in this country and, bye bye manufacturing

The unions caused it to some degree by making our workers too
expensive to compete in a world market

wrong. provably wrong. right now, the countries with the strongest
unions have the best manufacturing bases.

you are simply WRONG

and not being willing to budge.

The only states that are growing in manufacturing capacity are the
non-union states.

also wrong.

Their unions aren't corrupt.