Where to find a decent job regardless of the global financial crisis ?
Which country is still offering good jobs ? Which industrial sectors are still running good and not affected by the global financial crisis ?
The only place that always seems to be hiring regardless of conditions is the US Military. If you join the Air Force for example, you can come out of there and become a commercial pilot that gets paid very well.
LINKS: http://www.gata.org/Should I buy gold to protect myself for the coming economic collapse?
Here’s what I am predicting will happen in the next few year… Please someone offer me a solution that proves this wrong. I haven’t found one yet.
I believe because we are over $14 trillion in debt & the gov’t showing no signs of slowing spending that we are going to have a monetary crisis. There is NO way we are going to be able to pay back this debt. If the Chinese stopped buying our treasury bonds today, the US would have to default on the debt because they couldn’t make the payments OR just run the printing press’s non stop – in turn devaluing the dollar & causing hyperinflation. In turn this would send the value of the dollar plummeting & ruin the US credit.
And that’s my point. Eventually the Chinese will stop buyin US debt, as soon as they realize that we can’t pay back & they can get a better return elsewhere. Because the US dollar’s collapse seems inevitable at this point, where do I put my money? In gold? In silver? In foreign stocks?
All the smart people bought at low prices and it’s a sucker’s market now. Better to have access to hard assets such as gasoline, food crops or farm animals.
What is it called when the government intervenes during a national financial crisis ?
SEN. McCAIN: Because we are in a financial crisis of monumental proportions. The role of government is to intervene when a nation is in crisis.
Historically, the U.S. government policy toward business was summed up by the French term laissez-faire — "leave it alone."
Liberals have been much more likely to favor government intervention that promotes a variety of non-economic objectives, while conservatives have been more likely to see it as an intrusion that makes businesses less competitive and less efficient.
It is called socialism, unless it is favored by a Republican who is running for president and who has labeled his opponent a socialist. In that case, it is called necessary.
Economic Collapse 1
Financial crisis, New World Order, Economy, Finance, Economic Collapse, Dollar, Dollar Collapse, Monetary, Federal Reserve, Fractional Reserve Banking http://modern-economic-crisis.blogspot.com/
Duration : 0:10:1
China won’t Finance U.S. Debt; We Hate You…you are devaluing your Dollar! Hyperinflation Collapse?
Who will finance our debt? Who has confidence in the fiscal responsibility of the U.S. congress? Will our dollar collapse, and if it does, what will be the consequence of such a collapse? I don’t know the answers to these questions, but I do know one thing, and that is that I hate my government; they are corrupt, right down to the bone. The corruption is cancerous, so drastic steps must be taken; they must be replaced in their entirety.
jbranstetter04
Why do Japan and China keep on buying dollars?
The dollar has fallen about twenty percent against the Euro in the last year but China and Japan continue to accumulate large dollar surpluses. At the same time, many economists worry that they will dump their holdings, sending the dollar into a free fall.
Michael Dooley, Peter Garber, and David Folkerts-Landau suggest that this financial policy is no accident. They view the Chinese and Japanese as pursuing deliberate full employment policies. They buy and hold dollars, not as an investment, but rather to subsidize their own exports. Read this summary of the argument, or buy an NBER working paper here. Garber puts the point bluntly:
http://www.marginalrevolution.com/marginalrevolution/2004/01/why_do_japan_an.html
China is right to have doubts about who will buy all America’s debt
Chinese doubts about the value of US Treasury bonds highlight a crucial question: who will buy the estimated $2.7 trillion (£1.9 trillion) to $4.2 trillion of debt expected to be issued over the next two years?
With annual foreign purchases accounting for less than a tenth of the low end of that range, and domestic investors unable to bridge the gap, the Chinese are right to worry.
Yu Yongding, former adviser to the Peoples Bank of China, recently demanded guarantees for the value of Chinas $682bn of Treasury securities. Then Luo Ping, director of the China Banking Regulatory Commission, said that China had misgivings about the US economy, but despite this it would continue to buy Treasuries. The two statements appear designed to raise the issue non-confrontationally before new chief US diplomat Hillary Clintons visit to Beijing on February 20.
China worries about the dollars value against other currencies, particularly the yuan. With US interest rates so low, the dollars value may slide. However, President Barack Obama has repeatedly said he wants a strong dollar, and indeed its trade-weighted value rose 13.9pc between April and December 2008.
The other area of concern for China is the value of its Treasuries. Given the US borrowing requirement and its lax monetary policy, Treasury bond yields could well rise sharply, causing a corresponding price decline. If Chinas holdings match Treasuries average 48-month duration, then a 5pc rise in yields, from 1.72pc on the 5-year note to 6.72pc, would lose China 17.5pc of its holdings value, or $119bn.
Foreign buyers have absorbed a little over $200bn of Treasuries annually, a useful contribution to financing the $459bn 2008 deficit, but only a modest help towards the $1.35 trillion minimum average deficit forecast for 2009 and 2010.
Unless that changes substantially, there will be $1trillion annually to be raised by the Treasury from domestic sources, more than double the previous record from domestic and foreign sources together, plus whatever is needed to bail out the banks.
Even if the US savings rate were to rise from zero to its long-term average of 8pc of disposable personal income, that would create only an additional $830bn of savings — not enough to fund the domestic share of the deficit. Interest rates would probably have to rise substantially to pull in more foreign investors.
Yu is right to worry.
http://www.telegraph.co.uk/finance/breakingviewscom/4611408/China-is-right-to-have-doubts-about-who-will-buy-all-Americas-debt.html
Duration : 0:3:37