Financial Meltdown

[69camfrk]

Not that I haven't been worried about a crazy mess happening, this just means other people are thinking about it too. And this is the Army talking here.

Army Futures Conference Sees US Financial Meltdown Soon

[78SA]

I don't have money anyway.

[mrvette]

Originally Posted by 78SA

I don't have money anyway.

Join the club......

[AC54ME]

Very interesting article.

Of particular interest (to me, and should be to all others) is the following:

Another problem is the exploding U.S. money supply. Frank Finelli, a managing partner of The Carlyle Group, told the group we are risking a major crisis by flooding the market with money. ”Such tremendous increase in the money supply has not been accompanied by economic growth in the United States,” he said.

Some on this Forum are aware that I spent 3 of the past 4 months out of the USA - primarily in taking advantage of this for corporations.

As most are aware - many US corporations are 'sitting' on large amounts of capital. Due to a variety of reasons (regulations, uncertainties of future/further Fed.gov 'interference') these company's are not willing to invest the money in the USA. Other reasons include:

- the projection of further devaluation of the dollar 'worth' against other currencies, and

- the amount of the US money supply being 'pumped- up' by the printing presses (inflation), and

- the fear that the US Fed.gov will attempt (same as done circa 1935) to place a tax (~70%) on company's that have 'idle' cash on hand.

As protection, many of the company's moved the cash off- shore, and into other mediums of exchange.

To my personal knowledge - in a three month period over $800 billion fled the US - another $1.2 trillion is forecast to move by Y/E 2012.

All of this bodes ill for the US. So, hang onto your hats - the ride is going to be real bumpy - thanks to Obama, Congress and the stupidity of the economic policies of the US for the past 70+ years.

[69camfrk]

Originally Posted by AC54ME

Very interesting article.

Of particular interest (to me, and should be to all others) is the following:



Some on this Forum are aware that I spent 3 of the past 4 months out of the USA - primarily in taking advantage of this for corporations.

As most are aware - many US corporations are 'sitting' on large amounts of capital. Due to a variety of reasons (regulations, uncertainties of future/further Fed.gov 'interference') these company's are not willing to invest the money in the USA. Other reasons include:

- the projection of further devaluation of the dollar 'worth' against other currencies, and

- the amount of the US money supply being 'pumped- up' by the printing presses (inflation), and

- the fear that the US Fed.gov will attempt (same as done circa 1935) to place a tax (~70%) on company's that have 'idle' cash on hand.

As protection, many of the company's moved the cash off- shore, and into other mediums of exchange.

To my personal knowledge - in a three month period over $800 billion fled the US - another $1.2 trillion is forecast to move by Y/E 2012.

All of this bodes ill for the US. So, hang onto your hats - the ride is going to be real bumpy - thanks to Obama, Congress and the stupidity of the economic policies of the US for the past 70+ years.

I firmly believe it's gonna get ugly. Our gov't has, as you said, tossed us down the crapper.

[mrvette]

Originally Posted by 69camfrk

I firmly believe it's gonna get ugly. Our gov't has, as you said, tossed us down the crapper.

That's what happens when we go with both parties run by PROGRESSIVES.....

Beck was correct....