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 coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (37635)	4/26/2011 10:41:30 AM
From: Giordano Bruno	2 Recommendations Read Replies (3) \| Respond to of 71475

Silence! Buy stocks you fool! After Dallas Fed, Richmond Fed Re-Confirms Economic Contraction: Manufacturing Index Plunges zerohedge.com How do you like Wonderland so far?

To: DebtBomb who wrote (37635)	4/26/2011 11:23:50 AM
From: John	Respond to of 71475

Exactly, Debt. Plus, the more government workers that are fired or laid off (which is actually good), the fewer taxpayers are paying into their socialism schemes. There is some very ugly realities looming just ahead. So much focus is given to action at the federal level, that state and local level collapses have become an after thought for many. --- U.S. States Pension Fund Deficits Widen by 26%, Pew Center Study Says bloomberg.com excerpt: U.S. states’ deficits in their employee retirement systems widened by 26 percent in fiscal 2009 as governments were stung by investment losses and failed to pay enough into their pension funds, a study found. The deficits, or the difference between the retirement and health-care benefits states have promised their employees and the assets set aside to fund them, grew to $1.26 trillion by the end of the 2009 budget year from $1 trillion a year earlier, the Pew Center on the States said in a report released today. The fiscal year ends in June for all but four states. --- Now, wait for a government imbecile in a clown suit to peddle out and respond: "Yes, but if you account for this, and adjust for that, and count these negatives as positives, and remember that the positives are even better if seasonally-corrected, and if you realize that certain x-factors have since been re-weighted, then you will see that the deficits were really only $1.25 trillion, which is a lot better than $1.26 trillion. Plus, we may be able to revise those deficits down to $1.24 trillion in a few months. So, you can see that we really have a much better economic picture for the states than the initial numbers suggest." Idiots. -ng-