Gator Country

**Burke** · 03-01-2013, 09:28 PM

"“We are spending money we don’t have,” Mr. Bloomberg explained. “It’s not like your household. In your household, people are saying, ‘Oh, you can’t spend money you don’t have.’ That is true for your household because nobody is going to lend you an infinite amount of money. When it comes to the United States federal government, people do seem willing to lend us an infinite amount of money. … Our debt is so big and so many people own it that it’s preposterous to think that they would stop selling us more. It’s the old story: If you owe the bank $50,000, you got a problem. If you owe the bank $50 million, they got a problem. And that’s a problem for the lenders. They can’t stop lending us more money.”"

http://politicker.com/2013/03/mayor-...the-sequester/

How did this fool ever get so rich, anyway?

If what he says is true, why do we even have taxation?

Why don't we just borrow everything we need and tell the lenders that it's their problem that we can't pay it back.

And keep on doing this into infinity, like he suggests.

How's that working out for Greece?

Except for riots in the streets, shortages of food, medicine, heating oil, and a lot of other stuff, not bad.

busigator96 · 03-01-2013, 09:33 PM

Thanks for the link!

tegator80 · 03-01-2013, 09:43 PM

He has a point, except the money becomes worthless due to inflation and if some other country meets the same risk level as us, then they WILL stop lending us money. He reminds me of the pre-80's steel companies. They KNEW that the Federal government wouldn't allow them to go away because they were needed to make weapons.

And then reality played out.

**Burke** · 03-01-2013, 09:43 PM

Right now the big question is which is going to happen first, collapse of the bond market, collapse of the dollar, or a stock market crash.

Or maybe all at one time.

Swampmaster · 03-01-2013, 09:57 PM

the u.s. is a nation of takers---they will keep borrowing trillions forever---just passing on all that debt to future generations

vangator1 · 03-01-2013, 10:58 PM

This is all planned. Out of chaos comes Order.

madgator · 03-02-2013, 04:20 AM

Quote:

Originally Posted by vangator1

This is all planned. Out of chaos comes Order.

the new world order maybe

**gator10010** · 03-02-2013, 07:23 AM

Quote:

Originally Posted by Burke

Right now the big question is which is going to happen first, collapse of the bond market, collapse of the dollar, or a stock market crash.

Or maybe all at one time.

I think the bond market will be the first followed by the stock market. There is a bubble in the bond market just waiting to pop.

**gatorman_07732** · 03-02-2013, 07:47 AM

Quote:

Originally Posted by Burke

Right now the big question is which is going to happen first, collapse of the bond market, collapse of the dollar, or a stock market crash.

Or maybe all at one time.

With interest rates having been kept artificially low and the continuous QE's, who the hell knows. It's a mess that's for sure and seems like we are on borrowed time.

surfn1080 · 03-02-2013, 08:14 AM

Quote:

Originally Posted by Burke

Right now the big question is which is going to happen first, collapse of the bond market, collapse of the dollar, or a stock market crash.

Or maybe all at one time.

Everyone is in the stock right now because Feds creating money to buy up bonds to obviously keep our interest rates low. So the question is what is going to happen after qe3 stops? I think you'll see rates rise quickly and stocks fall sharply.

JerseyGator01 · 03-02-2013, 08:18 AM

You don't need to be smart to make money in this country, at least in certain industries with few standards. Bloomberg is proof of that.

MichiGator2002 · 03-02-2013, 09:32 AM

His imbecilic, asinine belief that our creditors have infinite patience and see infinite upside in lending to us, that level of naivete, is just destroying the future of anyone born in this country from about 1990 on and going forward.

**theorangebluewinagain** · 03-02-2013, 11:16 AM

http://www.youtube.com/embed/Li0no7O9zmE

Poiticians are f-ing our kids and we don't care, we let them because we are stupid and we are not willing to do the right thing. It is sad. When we are old our kids would be justified to throw us over the cliff, because that is exactly what we are doing to them now.

corpgator · 03-02-2013, 11:20 AM

Quote:

Originally Posted by MichiGator2002

His imbecilic, asinine belief that our creditors have infinite patience and see infinite upside in lending to us, that level of naivete, is just destroying the future of anyone born in this country from about 1990 on and going forward.

You're really misleading his quotes. He's saying they keep lending us money because they have to. If they don't, they'll never get back the initial principal they put in.

They don't have infinite patience, but they also don't have a choice either.

**gatorman_07732** · 03-02-2013, 11:30 AM

Quote:

Originally Posted by corpgator

You're really misleading his quotes. He's saying they keep lending us money because they have to. If they don't, they'll never get back the initial principal they put in.

They don't have infinite patience, but they also don't have a choice either.

They have a choice and they're laughing at their ivestment. Have you ever watched the debt clock? We racked up $220 billion in net interest for 2012 alone. Nice investment for the Chicoms.

T3goalie · 03-02-2013, 01:06 PM

His point is about leverage and ignores inflation, devaluation of a currency, standard of living, effect on an economy, etc. Stupid thing to say... He also ignores the point that at some point you cut your losses, mitigate damage and stop throwing good money after bad.

**mastoidbone** · 03-03-2013, 10:27 AM

How can you make good money on bonds going forward?

A severe deflationary event would allow it.
Massive appreciation in the dollar would do it.
World panic

otherwise---bonds do appear to be a bad bet at this time.
I suppose if i HAD to buy US bonds I would buy the 30 year TIPS

Stocks prices are also at near historic valuation---less then say 1999-2000 bubble---but still the only way they are NOT over valued is if you assume that corporations can keep historic profit margins for MANY years and that corporate profits as a % of GDP will stay at their current record highs-----2 events that have never happened before. It also assumes we can keep running historic deficits forever---not likely.

The dollar will collapse one day, like all currencies have----but of all major currencies it will outlast all but the swiss franc.

cocodrilo · 03-03-2013, 10:45 AM

Our economic woes are why our leaders are busy working on them. Just yesterday I heard that a government shutdown later this month is unlikely. More kudos to our leaders.

BTW when does the war with Iran start? (I hope they put it off till we can afford to send another carrier over there.)

gatorpa · 03-03-2013, 04:48 PM

Inflation, Inflation, Inflation.

Remember in 2007-08 when Oil was $150/barrel? Gas was almost $4/gal, now gas almost $4/gal what's oil? About $100/barrel..any ideas why?

**theorangebluewinagain** · 03-03-2013, 05:15 PM

Quote:

Originally Posted by gatorpa

Inflation, Inflation, Inflation.

Remember in 2007-08 when Oil was $150/barrel? Gas was almost $4/gal, now gas almost $4/gal what's oil? About $100/barrel..any ideas why?

Its because of the inverse relationship the price of oil has with the dollar, which is being manipulated by Bernanke and his maniacle printing of money.