I didn't watch it. I don't listen to anything he says anymore. It is nothing new and is most likely not true.
I did read about his new MYRA proposal to help Americans start saving for retirement. It sounds like a good plan. President Obama said that you are guaranteed not to loose money and to get a decent rate of return, it will be invested in government bonds. I think you should dismiss people that are saying that this is a step towards the government confiscating retirement accounts. http://www.sovereignman.com/trends/ira-confiscation-its-happening-13434/ Reading "This Time Is Different" by Rogoff does make it clear that such actions by broke governments are fairly routine, but it is absurd to suggest that it will happen here. You only need 25 dollars to open one up and contribute 5 dollars per pay period. The sooner you start saving the more money you will have to retire.
"Germany's Bundesbank said on Monday that countries about to go bankrupt should draw on the private wealth of their citizens through a one-off capital levy before asking other states for help.[...] The International Monetary Fund discussed the option in a report in October and said that reducing debt ratios to end-2007 levels for a sample of 15 euro area countries, a tax rate of about 10 percent on households with positive net wealth would be required." http://www.reuters.com/article/2014/01/27/us-eurozone-crisis-bundesbank-idUSBREA0Q0HV20140127
The Chinese through a former world bank chief economist is calling for a new reserve currency: "A supranational currency is needed to replace the US dollar to prevent global financial crises from recurring..." http://www.chinadaily.com.cn/china/2014-01/29/content_17263863.htm
I was being sarcastic about the myra. It is a step towards having citizens funding the government with their retirement savings and a step towards the government confiscating retirement accounts. There was a link in the comment.
The Fed continued to taper. It tapered by an additional 10 billion, down to 65 billion a month now. The U.S. stock market is down this year with the DOW not far from correction, the Japanese stock market is in correction, and emerging market are in trouble with their currencies. It will be interesting to see if Yellen will continue to taper or actually expand QE.
Meanwhile, the President with balls is laughing at everyone in the face. Hotair has a short article that makes me think of the Sochi Olympics in a different light.
Putin was in the KGB. Putin wants to bring back the Soviet Union. It could be argued that communism never fell in Russia. See "The Creature From Jekyll Island" 5th edition pg. 123.
Here is video clip showing how he handles Russian business men. http://www.youtube.com/watch?v=UMlsbB33QSc This video clip might have just been for domestic consumption to make him appear tough.
Communist Russia is on the rise and will eventually engage America militarily, along with China.
I didn't watch it. I don't listen to anything he says anymore. It is nothing new and is most likely not true.
ReplyDeleteI did read about his new MYRA proposal to help Americans start saving for retirement. It sounds like a good plan. President Obama said that you are guaranteed not to loose money and to get a decent rate of return, it will be invested in government bonds. I think you should dismiss people that are saying that this is a step towards the government confiscating retirement accounts. http://www.sovereignman.com/trends/ira-confiscation-its-happening-13434/
Reading "This Time Is Different" by Rogoff does make it clear that such actions by broke governments are fairly routine, but it is absurd to suggest that it will happen here. You only need 25 dollars to open one up and contribute 5 dollars per pay period. The sooner you start saving the more money you will have to retire.
"Germany's Bundesbank said on Monday that countries about to go bankrupt should draw on the private wealth of their citizens through a one-off capital levy before asking other states for help.[...] The International Monetary Fund discussed the option in a report in October and said that reducing debt ratios to end-2007 levels for a sample of 15 euro area countries, a tax rate of about 10 percent on households with positive net wealth would be required."
http://www.reuters.com/article/2014/01/27/us-eurozone-crisis-bundesbank-idUSBREA0Q0HV20140127
The Chinese through a former world bank chief economist is calling for a new reserve currency: "A supranational currency is needed to replace the US dollar to prevent global financial crises from recurring..." http://www.chinadaily.com.cn/china/2014-01/29/content_17263863.htm
Pure populist crap. An attempt to divert peoples' attention away from the disaster of Obamacare.
ReplyDeleteThough, yeah, I have heard good things about the myRA. But, why is the Federal gov't in that business?!
I was being sarcastic about the myra. It is a step towards having citizens funding the government with their retirement savings and a step towards the government confiscating retirement accounts. There was a link in the comment.
ReplyDeleteThe Fed continued to taper. It tapered by an additional 10 billion, down to 65 billion a month now. The U.S. stock market is down this year with the DOW not far from correction, the Japanese stock market is in correction, and emerging market are in trouble with their currencies. It will be interesting to see if Yellen will continue to taper or actually expand QE.
Meanwhile, the President with balls is laughing at everyone in the face. Hotair has a short article that makes me think of the Sochi Olympics in a different light.
ReplyDeletehttp://hotair.com/archives/2014/02/07/nbcs-not-going-to-whitewash-putin-in-its-olympics-coverage-is-it/
By "President with balls" I meant Putin.
DeletePutin was in the KGB. Putin wants to bring back the Soviet Union. It could be argued that communism never fell in Russia. See "The Creature From Jekyll Island" 5th edition pg. 123.
ReplyDeleteHere is video clip showing how he handles Russian business men. http://www.youtube.com/watch?v=UMlsbB33QSc
This video clip might have just been for domestic consumption to make him appear tough.
Communist Russia is on the rise and will eventually engage America militarily, along with China.