March 29, 2024, 04:57:05 AM
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Poll

How long do you think its gonna be until the Stock Market crashes again in USA and dollar collapses?

1 year
0 (0%)
8 months
1 (11.1%)
16 months
0 (0%)
6 months
3 (33.3%)
2 years
1 (11.1%)
I dont know
2 (22.2%)
Not any time soon
0 (0%)
Its NOTTT !!!
1 (11.1%)
VERY SOON
1 (11.1%)

Total Members Voted: 9

Voting closed: April 30, 2011, 07:16:16 AM

Author Topic: USA STOCK MARKET  (Read 2508 times)

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USA STOCK MARKET
« on: April 10, 2011, 07:16:16 AM »

Facts:-

  • Dollar is loosing its value. Major companies are beginning to sign off huge deals with Gold rather then the US Dollar.
  • We're 1.3$$$$$ trillion in debt.
  • Inflation in food, milk, bread,  oil, cotton, copper, sugar, corn, aluminum, steel, etc ...
  • Federal Reserve began printing trillions of dollars just to pay off the nations debts.
  • Other countries have urged to change the US dollar as the reserve currency.
  • For many years now, our government has been borrowing so much money (very often using short-term loans), that very soon we will no longer be able to afford even the interest on these loans.
  • Debts  our government owes as of NOW: Income tax receipts are roughly $900 billion a year, corporate taxes are roughly $200 billion annually.  our current annual deficits are nearly $1.3 trillion. so even if u doubled tax revenue, we would still be running a deficit of more than $100 billion a year.
  • The Federal Reserve is manipulating interest rates down to almost zero. As a result, the interest rate at which the government can borrow money is at a record low level- less than 1.5%
  • We cant afford to spend 77% of tax receipts on interest payments to pay off our debts.
  • US is the only debtor in the world who can legally print U.S. dollars and the U.S. dollar is what's known as "the world's reserve currency."
  • The dollar forms the basis of the world's financial system. It is what banks around the world hold in reserve against their loans.
For more Facts go to : http://www.stansberryresearch.com/pro/1103PSIEOAVD/6PSIM401/PR


WORK CITED:

Stansberry, Porter, 9 Apr. 2011 http://www.stansberryresearch.com/pro/1103PSIEOAVD/6PSIM401/PR

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