How Worried Should You Be?

Perhaps we have so kind of cranky questions but I don't believe Mr:Geithner and his new team will resolve this,Perhaps we will be talking about this in the following months !..

My concern is we only make China more Rich the question is how this happen and who let this happens !.
And why China are buyin all the U.S Bond's, I don't think this kind of situation is good for us....

The first banknotes were used in China in the 7th century, and the first in Europe issued by Stockholms Banco in 1661.
[The percentage of global market cap that U.S. equities make up has fallen from 35% at the start of 2007 to 28.35% at the moment. At the start of 2007, China made up just 1.89% of global market cap, ranking 12th out of the top 18 countries. Chinese equities currently rank second and make up 8.12% of global market cap! China is followed by Japan, the UK, France and Hong Kong. ]
[After another IPO in Shanghai in November, PetroChina (PTR) became the largest company in the world and made headlines as the first trillion dollar company. While it still ranks number one in its quest for global dominance, it has lost quite a bit of its value since then and is now worth just under $700 billion. PetroChina is followed by Exxon (XOM), General Electric (GE) and Gazprom. ]
(http://seekingalpha.com/article/60431-global-equity-market-caps-u-s-loses-ground-to-china)

In just 2 years US market cap decreases by 20%; while China increases by MORE THAN 300 PER CENT. It???s shocking, but understandable for the country that invented the banknotes.
If U.S. financial institutions are not expanding credit market share in China; it might be too late already.

tim mcviegh had the only real answer to national socialism. and now thousands of tim mcviegh's are returning from iraq-afganistan. god bless them and aid them in what must be done.

You voted the wrong party into power if you expect controlled spending. Obama plans a 2nd trillion dollar bailout once in office - two trillion in debt for 2009!!! You are right about social security and medicare/caid. They are consuming way too much of our federal budget. Seniors with over 5 million in assets should not receive social security. Parents who have ADHD children should not either. We need to move against lifetime drug and alcohol dependency SSI receipiants too and make sure no illegal aliens are on the roles. Social security will not exist in 20-30 years so young people start aprivate account and oldsters hang on to some money for the coming crisis.

We are at a crossroads. Our choices today determine whether we become the newest third world nation or return to supremacy as the worlds referee and a superpower. The youth of today have good reason to feel disenfranchised and indeed to be angry with the establishment. The Boomers and their parents have sold us out turning America from an exporting powerhouse with huge surpluses to a derelict spender with a lack of opportunity for advancement and huge debt burdens from which we have not benefitted. Today 15% of workers incomes go to support the elderly, who, for the first time in history hold the bulk of the wealth. The debate about government entitlement programs typically revolves around welfare, yet by far the largest entitlement program in the budget is social security followed by medicare/aid. While I don't wish poor widows to be reduced to eating dog food, I also don't support payments to the many seniors who are well off. The demographics don't support continuance of universal social security payments. The unfunded social security obligation now sits at 53 trillion dollars dwarfing our national deficit and this is unsustainable, particularly when based on the meager wages of a service economy. You cannot support a middle class society on burger flipping wages. Even white-collar jobs provide no security for the vast bulk of we educated, hard-working and competent youth. Few can afford a home on a reasonable portion of their income. Fewer can afford vacations, health care, family leave or a family. Choosing these things means a life consigned to increasing debt and no retirement. The system is fundamentally flawed and must be fixed now. Read more here: http://alphadominance.com/?p=123

www.alphadominance.com

I don't think Obama wants a socialistic America. I believe he wants to bring back sanity and reason. What I have seen of Obama is a thoughtful, considerate, open-minded person who really has hopes for America's future. I think that's why so many young people are in his camp. We have the best minds in the world right here under our noses, and we have been lulled into complacency and laziness. We don't even do our own thinking anymore. We let the media tell us what to think. We had better wake up and start living responsibly, and thoughtfully,or the powers that be will take responsibility for us. If people lived by a set of principles like honesty, integrity, humility, honor and duty, there would be no need for government. Our founding fathers were successful in forming this union because they actually lived by these principles. We were united by a common cause, liberty. And it wasn't too long after the states were united that our unity became tenuous, and people once again started looking to their own self-interest. We had better get back to looking after the good of all or we are going to lose what our forefathers sacrificed so much to win for us. I for one am going to vote m hopes, and not my fears. I am voting for Obama.

Obama's view of the future of America - Socialism which is the next step to Communism!!


Under socialism a ruling class of intellectuals, bureaucrats and social planners decide what people want or what is good for society and then use the coercive power of the State to regulate, tax, and redistribute the wealth of those who work for a living. In other words, socialism is a form of legalized theft.

The morality of socialism can be summed-up in two words: envy and self-sacrifice. Envy is the desire to not only possess another's wealth but also the desire to see another's wealth lowered to the level of one's own. Socialism's teaching on self-sacrifice was nicely summarized by two of its greatest defenders, Hermann Goering and Bennito Mussolini. The highest principle of Nazism (National Socialism), said Goering, is: "Common good comes before private good." Fascism, said
Mussolini, is "a life in which the individual, through the sacrifice of his own private interests??realizes that completely spiritual existence in which his value as a man lies."

Socialism is the social system which institutionalizes envy and self-sacrifice: It is the social system which uses compulsion and the organized violence of the State to expropriate wealth from the producer class for its redistribution to the parasitical class.

Despite the intellectuals' psychotic hatred of capitalism, it is the only moral and just social system.

Capitalism is the only moral system because it requires human beings to deal with one another as traders--that is, as free moral agents trading and selling goods and services on the basis of mutual consent.

Capitalism is the only just system because the sole criterion that determines the value of thing exchanged is the free, voluntary, universal judgement of the consumer. Coercion and fraud are anathema to the free-market system.

It is both moral and just because the degree to which man rises or falls in society is determined by the degree to which he uses his mind. Capitalism is the only social system that rewards merit, ability and achievement, regardless of one's birth or station in life.

Yes, there are winners and losers in capitalism. The winners are those who are honest, industrious, thoughtful, prudent, frugal, responsible, disciplined, and efficient. The losers are those who are shiftless, lazy, imprudent, extravagant, negligent, impractical, and inefficient. [What about the role of luck­being in the right place at the right time or the wrong place at the wrong time? R. R. Pope}

Capitalism is the only social system that rewards virtue and punishes vice. This applies to both the business executive and the carpenter, the lawyer and the factory worker.

After reading this - http://www.gotoguy.com/?p=400 - I suggest preparing for the worst.

Let's not forget that Warren Buffet, who's doing so much to bolster America's economy, is planning to vote for Barack Obama. Buffet says that Obama's economic plan is good for all Americans. He's also said that McCain's economic policies would further bankrupt our country.

If you vote for McCain, you're voting for more of the same pandering to corporations that ship jobs overseas and wreak havoc on the economy.

Vote for a strong economy that's regulated by fair principals. Vote for Obama.

n a few weeks we will make a choice that will decide our future.
I follow an economist named Bob Proctor. He has called the top and bottom of every market crash since the 70s correctly.
Also, he perfectly predicted the current real estate market meltdown and the picture he paints about what will happen in the next couple years
is terrifying.He thinks it will be worse then the great depression.
The banks in the U.S. are going under one after the other. Countrywide the largest morgage bank in the world,Bear Stearns, Lehman Brothers and Merrill Lynch which are 3 out of the top 5 wall street firms. Also, Fanny and Freddy Mae which hold 50 percent of the home loans in the United States.
The government took them over because they are essentially bankrupt.If they didn't the entire financially system would virtually shut down, the stock market would crash and we would suffer beyond what any of us have seen before.

McCain just like Bush " doesn't understand the economy".
That not just my opinion its his own words. Not only does he not understand how to fix it but he does not understand exactly what is broken.
It is no surprise that he doesn't. The people that make up these securities use complex mathematical models very few people understand.
Bush and McCain both can take the credit for this mess since they helped deregulate the laws that were protecting us.

Bush's economic advisor Phil Graham wrote the deregulation bill that allowed banks to take huge risks with all of our future.
Now, Phil Graham is the head of McCain's economic policy.He is also McCain's choice for the next secretary of the treasury.
No one in this country can afford for that to happen. The last time Bush met with his economic advisors was in March. He either didn't care or didn't realize that anything was wrong. Phil Graham had the guts to say that we are in a mental recession after he helped create the worst economy meltdown in our lifetime.
It will take the best and brightest minds in the world to get us out of this nightmare. As bad as Bush has done, McCain would be
even more destructive because things are in much worse shape. The next president will not inherit a surplus like Bush did but a tanking economy and a 11,600,000,000,000 (trillion) dollars deficit. Most of it Bush created and it will take decades to pay it back.
If you do what you have always done then you will get what you have always got.
When it comes to policy Bush and McCain are the same 90 percent of the time.
So why are the polls even close then ?





The chairman of McCains campaign recently said that people don't vote on issues they vote on a personality composite. Which means he is trying to sell you personality instead of results.




He believes people will vote against their own interest
Hold them accountable NOW!
Elect Obama Biden 2008




Check out this video of sarah palins interview it will blow you away


http://www.youtube.com/watch?v=r36Xc0GG4iQ

A man of great wisdom:
http://www.atlah.org/broadcast/manningreport.html

This is not about politics, its about restoring the credit in this country, and the only real way to do this is to bring back jobs from east India. 10 million jobs.....simple math, I won't explain here, but Congress and the Senate are turning a blind eye. How do you spell 'payola' ?

Republicans turn Maverick. A maverick cares for no one but himself. A maverick is not a team player and plays only for his or her own gain. Gop turns to concern on re-election over the good of the country self gain over works financial cohesion now the rest of the world needs to find a way to get together and stabilize the world fiancial system and leave the USA to its own demise.

In 2005, for the first time in history, a serious Fannie and Freddie reform bill, S. 190, was passed by the Senate Banking Committee. The bill gave a regulator power to crack down, and would have required the companies to eliminate their investments in risky assets. If that bill had become law, then the world today would be different. But the bill didn't become law, for a simple reason: Democrats opposed it on a party-line vote in the committee, signaling that this would be a partisan issue. Republicans, tied in knots by the tight Democratic opposition, couldn't even get the Senate to vote on the matter.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aSKSoiNbnQY0



In support of S 190, also known as the Federal Housing Enterprise Regulatory Reform Act of 2005, John McCain said: "For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac--known as Government-sponsored entities or GSEs--and the sheer magnitude of these companies and the role they play in the housing market. OFHEO's report this week does nothing to ease these concerns. In fact, the report does quite the contrary. OFHEO's report solidifies my view that the GSEs need to be reformed without delay."

http://www.govtrack.us/congress/record.xpd?id=109-s20060525-16

Federal Housing Enterprise Regulatory Reform Act of 2005 would have Amended the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to establish: (1) in lieu of the Office of Federal Housing Enterprise Oversight of the Department of Housing and Urban Development (HUD), an independent Federal Housing Enterprise Regulatory Agency which shall have authority over the Federal Home Loan Bank Finance Corporation, the Federal Home Loan Banks, the Federal National Mortgage Association (Fannie Mae), and the Federal Home Loan Mortgage Corporation (Freddie Mac); and (2) the Federal Housing Enterprise Board.
Most importantly with regard to the CDS situation, S. 190 set forth operating, administrative, and regulatory provisions respecting: (1) assessment authority; (2) authority to limit nonmission-related assets; (3) minimum and critical capital levels; (4) risk-based capital test; (5) capital classifications and undercapitalized enterprises; (6) enforcement actions and penalties; (7) golden parachutes; and (8) reporting. Adoption of these regulatory provisions would have undoubtably affected the way CDSs were dealt with in "private" enterprises.
The bill would have also amended the Federal Home Loan Bank Act to establish the Federal Home Loan Bank Finance Corporation., and transfered the functions of the Office of Finance of the Federal Home Loan Banks to such Corporation. If this had been in place three years ago, this whole situation might have been averted.

http://www.govtrack.us/congress/bill.xpd?bill=s109-190&tab=summary

In the long, long term, we believe there's actually more upside than downside. See Writing Frontier's piece "The Europeanization of America" at http://writingfrontier.com/2008/07/27/the-europeanization-of-america/

n a few weeks we will make a choice that will decide our future.
I follow an economist named Bob Proctor. He has called the top and bottom of every market crash since the 70s correctly.
Also, he perfectly predicted the current real estate market meltdown and the picture he paints about what will happen in the next couple years
is terrifying.He thinks it will be worse then the great depression.
The banks in the U.S. are going under one after the other. Countrywide the largest morgage bank in the world,Bear Stearns, Lehman Brothers and Merrill Lynch which are 3 out of the top 5 wall street firms. Also, Fanny and Freddy Mae which hold 50 percent of the home loans in the United States.
The government took them over because they are essentially bankrupt.If they didn't the entire financially system would virtually shut down, the stock market would crash and we would suffer beyond what any of us have seen before.

McCain just like Bush " doesn't understand the economy".
That not just my opinion its his own words. Not only does he not understand how to fix it but he does not understand exactly what is broken.
It is no surprise that he doesn't. The people that make up these securities use complex mathematical models very few people understand.
Bush and McCain both can take the credit for this mess since they helped deregulate the laws that were protecting us.

Bush's economic advisor Phil Graham wrote the deregulation bill that allowed banks to take huge risks with all of our future.
Now, Phil Graham is the head of McCain's economic policy.He is also McCain's choice for the next secretary of the treasury.
No one in this country can afford for that to happen. The last time Bush met with his economic advisors was in March. He either didn't care or didn't realize that anything was wrong. Phil Graham had the guts to say that we are in a mental recession after he helped create the worst economy meltdown in our lifetime.
It will take the best and brightest minds in the world to get us out of this nightmare. As bad as Bush has done, McCain would be
even more destructive because things are in much worse shape. The next president will not inherit a surplus like Bush did but a tanking economy and a 11,600,000,000,000 (trillion) dollars deficit. Most of it Bush created and it will take decades to pay it back.
If you do what you have always done then you will get what you have always got.
When it comes to policy Bush and McCain are the same 90 percent of the time.
So why are the polls even close then ?


The chairman of McCains campaign recently said that people don't vote on issues they vote on a personality composite. Which means he is trying to sell you personality instead of results.

He believes people will vote against their own interests.

Let's teach him we are smarter than that .

Hold them accountable NOW! while it will still help.

Elect Obama Biden 2008

This bailout is just a scam to get at the future war savings in advance. Obama will end the war after he's elected, and there will be massive funds available.

Bravo and Ditto for OLDFOOL, I couldn't have said it better for your list of what to do, I'm here to stay so what about another REVOLUTION? .........I mean what are we waiting for? the soup lines?