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alstry (36.32)

Will Obama Be Forced Into War?

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February 16, 2010 – Comments (5)

Foreign Demand for US Treasurys Takes Record Fall 

What happens of the world does not accept our currency anymore?

International Demand for US Financial Assets Slowed 

China Cuts Holdings in US Treasuries 

We are running about a $2 Trillion dollar deficit including state and local....twice the Federal Tax receipts......the only reason Congress and other Federal Workers get paid is because America has access to credit......what happens if we don't?

Without a doubt, we are on the edge of potentially the most convulsive period in American....and world history.

5 Comments – Post Your Own

#1) On February 16, 2010 at 3:50 PM, alstry (36.32) wrote:

Rising debt could bring U.S. crisis, Hoenig warns

A little late....don't you think?

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#2) On February 16, 2010 at 5:24 PM, alstry (36.32) wrote:

Turmoil for Total

Employees of French oil major Total storm an idled refinery in Flanders in protest over possible job cuts.

The transformation into the Digital Age will likely be very convulsive.

What happens if we don't need oil in a nuclear driven world?

Berkshire cuts stake in U.S.-based energy firms

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#3) On February 16, 2010 at 6:03 PM, alstry (36.32) wrote:

Ford to cut shift at Mustang plant in Michigan

Toyota Plans to Temporary  Idle 2 US Plants

Casino MonteLago at Las Vegas to close March 14 - 170+ Layoffs

Phoenix - Looking at Closing 5 Community Centers , and 300 Jobs

The last two Swiss Chalet restaurants in Erie County NY

Clearly there is a continuing shutting down of the Industrial Age businesses as we move into the Digital Age.....couple that with a massive deleveraging and we have lot of change ahead.

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#4) On February 16, 2010 at 7:22 PM, Varchild2008 (84.50) wrote:

Dept. of Defense hiring 5,000 in Michigan Alstry... imho.

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#5) On February 16, 2010 at 8:38 PM, alstry (36.32) wrote:

Russia joins the America bashing party.....

Russian Prime Minister Vladimir Putin played down Greece's economic woes on Tuesday, telling his visiting Greek counterpart that the United States were no better than Greece in handling its debt and fiscal deficit.

“As we all know, the global economic crisis started neither in Greece, nor in Russia, nor in Europe,” Mr. Putin told a news conference after talks with George Papandreou. “It came to us from across the ocean,” he said in a clear reference to the United States.

“There (in the U.S.) we can see similar problems - massive external debt, budget deficit,” Mr. Putin added, suggesting Russia and Greece should concentrate on the “real economy” to weather the economic crisis.

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