Lin

Gold: The Next Reserve Currency Player

re downturn in US ,

Mexico mike you are right on ! . Folks who are still employed are in steep denial re what is happening now + going to continue to be much worse . The great depression will seem like a walk in the park . No way , no how does the US government have the funds to house feed + clothe 300 + mil people . A new huge war is coming , you'll see !

Will Unemployment Reach 8%?

con't from above . will not replace the copious amt of jobs lost past 2-3 decades . these are not coming back .

Will Unemployment Reach 8%?

We are already at 12 % or more as all the ' self employed ' folks don't count with present government stats which are pure unmitigated BS . If you don't think we are headed for depression , have you seen the many tent cities ? charities are sreaming for donations + are saying copious amts of folks / children in US are now going hungry .True unemployment is going to 15 % or higher . These so called green + infrastructure jobs will not replace

Leaking Geithner: Good News for Currencies, Markets

Change , my a** !
More of the same BS ! Athelstan , you are correct . !960"s burning of cities will seem like xmas eve . Why do you think they have " martial law " ready to go ? It's called meltdown .

Number of U.S. Homes With Negative Equity Is Stunning

Jolly-Rancher

The baby boom generation lost 40-50 % of their " retirement funds " in the market cash of 2000-2001 .Now , they have lost 40-70 % of their portfolios for a 2nd time . Add to this , losing 30-40 % of their home equity , depending on location .Lots of them are now being dismissed from their jobs . This will truely be worse than the great depression . All of the boomers I know , myself included , grew up modestly , worked their way thru college + worked very hard thru out life . When you have 78-80 million folks hit multiple times during their lives , I personally can't think of a way most of them will be able to survive . I feel for the younger folks coming up now as their futures are not bright . Their employment options aren't going to be great given the effect " globalization + outsourcesing ' of US jobs has had on the US job market. I have told my own sister that " she ought to consider moving to the middle east or Hong Kong ".What are they supposed to do ? A very good question /concern.

Gold Bugs Beware

Re Gold,

There has been absolutely no physical gold / silver available in US + European markets . The central banks have not been selling gold + the lease rates have skyrocket lately . This is what happened just prior to the last surge in gold price . Check it out .

Three Problems with the Fannie / Freddie Mortgage Modifications

fatcat ,flash ,k9 ,cadogy,

You are correct ! . Those of us who put 20 % down , 28% ltv fixed mortgages on homes we could afford are getting f**ked without even a kiss!
This is welfare that rewards financial irresponsibility . You are also correct in saying " we used to be rich ".What happens when these losers default again ? You know they will , demanding more handouts ! kp is correct in wondering " what happens to all those equity lines of credit ?"

Obama's Green Obsession: More Harm Than Good?

K9-4-k8

Re alternative , safer nuclear energy : There is a US company , thorium power That is working on the last of 3 big breaktrough stages to implement the use of thorium in present+ future nuclear reactors . Thorium is very abundant , unlike uranium which must be mined . Thorium cannot be proliferatized into weapons . thorium is way more energy eff , using up to 98% of the fuel , which has a halflife which is 90 % less than uranium . This firm will have patents on this " new fuel".Several foreign nations are very interested in + looking into the use of this new fuel for their countries . Thorium is one of the ' rare earth elements ".

Should We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor?

ramram,
The PBGC + FDIC are broke , stonebroke ! More taxpayer money to bail Them out ? Gramps 2 ,I agree with you ! Let the greedy auto unions rot . Why should uneducated , unskilled UAW workers have cush medical care in retirement in old age . Like gramps 2 says " like the rest of us!

Should We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor?

American gladiator , Hell Yes ,I remember Terry Schiavo .She was a brain dead lady in Fla , also 100 % blind . Brain did not work period .We need to let brain dead , + folks on life support , who cannot breathe go to heaven. This country cannot afford this madness now . Keeping these folks alive costs about $2000/day ! Folks who are old /+ or ill , that can breathe , feed themselves should be helped . They do not need expensive medical machinery + 24 /7 care to keep going . Many years ago , while working in an ICU as a nurse , I said to my charge RN , " I'll NEVER be on one of those machines ." She replied , " you don't know what you'll do if the day comes , when you'll need it ." WELL , the day has came + past when I had a massive mI + near died in the iCU where I was working . My co-workers resusitated me with O2 mask , IV drugs , TPA in ER . Yes, I did a Tim Russert , God love him , but dropped over in an ICU ! . I held fast then , + still do , that I have a living will + will not be on life support . My docs are well aware of this + so is my sister , who is my power of attorney . my docs try very hard to maintain " my quality of life ' as they know my feelings . The US cannot afford to keep about dead folks alive . it is truly our funtioning brain that " makes us human vs an animal "..I choose to be human or dead , not so bad , i've gone thru this process twice now ., very peaceful , until they bring you back + all the pain + anxiety starts . Try + make peace with your maker . My brillaint sister once said , " none of us are going to get out of this world alive ".no big deal , we are not immortal !

Should We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor?

mdmrjsds ,Jay Q ,Joe the plumber ,Midas1 , I agree with all of you ! + Smash , well said . I came out of the post office the this am .There were 7 cars parked in front , including mine .I commented to the woman next to me ," 7 vehicles , 3 hondas , 3 toyotas , + 1 nissan ." The japanese have made good dependable , fuel effecient cars for many years . A japanese car /truck will / can last for 10-14 years with good maintainance . Let the US auto makers die . These vehicles were poorly engineered . poorly made by high waged unskilled labor . If this wasn't true , the Us auto industry would not be in the dire shape it is in today . WakeUP ! Re healthcare , Get the insurance firms , sucking 25-30 % of the money from this sector , out of the picture . Their Greed has killed healthcare in the US . More controls need to be placed on the pharmacetical industry . The drug reps make 120-200000 per year ! . wake-Up America !

Global Markets, Meet President Obama. Now What?

techzone12 ,Fremon , edt ,

You are all correct . edp , I remember reading where Hitler had said "It's a great thing for governments that people don 't think " .the americans as a whole are dumb sheeple . They all voted for Bush in 2000+2008 .They watch " american idle " + Jerry Springer , yet now they are crying " none of us saw this coming . All I can say " is that you didn't want to know or look for the truth ". the mess the US is now in + placed the entire world in is far too huge for Obama to fix . US citizens don't want to hear about hard work for rightful pay . They want high wages for useless jobs ie nail salons , tanning salons , financial planners + lots of cheap credit . Guess what , It's gone , The US is on the verge of collapse . The future is not bright . The powers at be will simply slow the pace of the decline , which up to now has been rapid , bu in the end , it only prolongs a dire situation . The Great Depression was 10 years or longer +it's causes were precisely the same as this The Greater Depression.

'The Shallowest Generation': A Rebuttal

Formerhank , notsosmart , WakeUp ,
I agree with all of you ! Good rebuttal Dennis ! Ive worked + paid into SS since I was 11 years old . Worked + pain my way thru college ! I drove my last car , a honda , for 12 1/2 years ! I have no C card debt , no car debt , very small mortgage . I could have really used the money I paid into SS all the working years as I had severe health problems . I am sure glad it is there for me now . The 20-30 year olds who c/o re SS , get real ! The years fly by ! One problem I have with baby boomers is they were horrible parents , Had the worst spoiled rotten shallow kids with few , if any ethics , including work ethic . God help us all ! They are truly a boring generation , X + Y

Subprime Litigation Could Be Next Leg Down for Lenders

Judy ,

You are correct in your assessment . What the lenders haven't lost on mortgage losses , will be taken out by lawsuits . Lenders + a load of banks are toast !

Winners and Losers in a Democratic Administration

Chris B

You are correct .