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You ASSUME those other countries will be willing to take on the U.S's literally unpayable amount of debt.

According to NPR tonight, they actually are going to hire 50,000 in one day to get PR benefits from it. I would guess that as a result, there will be many other days they will hire less people as a result, but at least they are actually adding staff to move more stores to 24 hr operations...

To the corporate mind, the cost savings in my case was that they saved the $3000 or so per month I was getting, but more importantly, with me quitting, there was nobody left for the division level management to turn to that was willing to pull out the stops, which was always a problem for them...

I was replaced at one client with $6/hr Indian developers. It took them 4 weeks and a bunch of rounds of design changes and failed retests by the end users to complete a program I had designed and written in a day. Note that I said "them". They finally did get it to work in the 4th week by...

Clue to the clueless, imagine a grid, and fill in the holes. The empty ones can be deduced from the ones that were filled... I agree that the 50,000 in one day sounds very "mc-fishy", and even if true, 50,000 part time minimum wage jobs solves very little for so very few. No offense to...

Things still are POSSIBLE for those few that get lucky, are sharp enough, flexible enough to adapt and work hard, but I think its a lot less likely than it once was that you'll make it. Indentured Servitude was what it was called...

Servitude, sort of like back in the colonial days. Most of these kids will never escape that debt.

Its a HUGE beyond anyone's wildest imagination debt Ponzi. Whoever waits to collect will get nothing of value because there WAS NOTHING of value saved. As with ALL Ponzi schemes, only those who collect early in the game will get repaid. Imagine having a budget surplus of $100 Billion...

You are going to get to live through it and learn why the founders requred in the Constitution that money be gold and silver coin. Just think back and try to imagine how bad things would have been if you had your money in Continental Dollars. "Paper is poverty" - Thomas Jefferson

In this depression, Ben has managed to prove that a QE effort will produce a hyperinflation instead. Pick your poison. The correct solutiion was to balance the trade and not consume more than we produce all along instead of blowing asset bubbles made out of confetti money.

What makes you think gas prices went up, anyway? When I was a little kid, when Kennedy was president, I remember the sign at the pump said 17.9 cents per gallon. That would be 1.8 silver dimes. 1.8 silver dimes is worth close to 3.50 today, and guess what the pumps say? The price of...

What is amazing is that they are still willing to trade oil for paper promises from the US Government. Its not as though our financial condition, and therefore the lack of any real value of our paper isn't well known at this point.

Any idiot can print money in his position

When it gets to where the banks will lend 100% on homes that aren't owned by them, with no other collateral, that would be a sign that they don't think prices will go much lower.

Naaaaa, they PRETEND the economy is getting "better" and will PRETEND to end the QE, but can't end it because if they do, we go into the 2nd, BIG dip collapse of this depression.

Well, pre crash they were at double what they were worth, at least. My sister had bought a pair of beachfront upscale condos (2 floors of the building) for about $500k each, and sold the one the next year for almost $1 mm. Now the owners walked and the lender is selling the same one trying to...

What area is that in? Or is that auctions or land only? Where I've been looking the home prices have been cut in half from bubble highs to about $150/sq ft, but not by 3/4.

FYI, Your housing bubble burst about 6 to 9 months before ours did. Has your economy started to turn around, yet? IMO, people need to have incomes (decent jobs) to buy homes. Minimum wage, like most of our new jobs pay, isn't sufficient to buy a home. So, I will theorize that the bottom...

At the assisted care place my Mom is at, they had a bunch of new people move into vacant condos last month, the first in quite a while. My Mom, who used to be an RN and is the liason between the condo assoc and the caregivers, said that many of them had waited too long, and were not likely to...

IMO, by the time its over, this ramifications of the massive, unpayable debt, and confetti for money, backed by confetti for debt, and the Ponzi schemers running the nation will make the Great Depression look like a picnic. I still need a place to live in a place that won't tax me out of...