Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (234106)	12/23/2009 11:34:29 AM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

Private vs. Public Sector Pay - we're toast. economix.blogs.nytimes.com

To: GraceZ who wrote (234106)	12/23/2009 2:00:55 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 306849

>>Apparently almost everyone considering how widely held US Treasury debt is held.<< extrapolating the past into the future is a classic mistake made by people at sea change points in time. this charts shows a seas change is in process... market-ticker.denninger.net china recognizes this and they are not buying additional treasuries - a change to past behavior. the japanese have threatened to sell treasuries - a change to past behavior. it seems they aren't making the same mistake you would, then again, it is their money on the line - and BIG money it is. >>Most of the accrued liabilities are debts we owe to ourselves in the form of promises made to people in the form of SS, government pensions and Medicare.<< true. >>The external government debt, debt we owe to people outside the US, is still a fraction of the GDP. Of course, if the current administration keeps on course, it could be a multiple soon.<< look at the chart i posted. if? the alternative is to let debt collapse (and money supply with it - debt is money, money is debt). less money in a system that already can't pay previous debts with interest will create a default death spiral. the government needs to borrow and spend over $1.5 trillion a year until the private sector starts taking out $150k 2nds, paying $500k for show box homes and running up their credit cards again. good luck with that. >>Edit: BTW the amounts that they've promised us in benefits and the amount I supposedly owe (using your figure here of 1.25 million) is about equal so I'm more than willing to call it a wash if they will.<< that's simply not true. we are well past the point of "a wash." will more or less people lend the united states money once we start buying our debt to finance our government operations ala weimar republic? sea change is on the way... extrapolating the past during such periods is like investing your money in a buggy whip manufacturer when you hear about ford mass producing affordable cars. hey, it always worked before, right?