here is the situation

here is the situation

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lct

Beijing, China

#1 Sep 19, 2013
liability side on fed's balance sheet is $5tln.
assets side on fed's balance sheet is $2.3tln.

to keep usa as a nation, us gov. has to natioanlize fed, natioanlize goldmansachs , J.P.Morgan, MorganStanly, printing additional $2.7tln before it can printing again to pay down the debt to foreign countrys so it again can has credibility to borrow from anywhere in the world, writing off every companys, institutions, individuals bad debts . thus natioanlize every companys, institutions, individuals.

my guess is that everyone will have to work at mini wages to achive full employment, thus $2.3tln economy. foodstamp is for retired, disabled, children. because those benefits has eaten up the nation's land.

$1.3tln worth companys' HQ will move to china, to write off debt to china.
McQuan

Montréal, Canada

#2 Sep 20, 2013
lct wrote:
liability side on fed's balance sheet is $5tln.
assets side on fed's balance sheet is $2.3tln.
to keep usa as a nation, us gov. has to natioanlize fed, natioanlize goldmansachs , J.P.Morgan, MorganStanly, printing additional $2.7tln before it can printing again to pay down the debt to foreign countrys so it again can has credibility to borrow from anywhere in the world, writing off every companys, institutions, individuals bad debts . thus natioanlize every companys, institutions, individuals.
my guess is that everyone will have to work at mini wages to achive full employment, thus $2.3tln economy. foodstamp is for retired, disabled, children. because those benefits has eaten up the nation's land.
$1.3tln worth companys' HQ will move to china, to write off debt to china.
There is a saying which goes like this "When you owe the bank $100 that is your problem. If you owe the bank $ 100 million, that is the bank's problem".

If people work at minimum wages, the country may achieve full employment but the government will have less tax money, even though they do not have to spend money on foodstamps.

The best way for the USA, is to buy more printers and print more money or/and borrow more money. Don't worry and let the bank worry.
lct

Beijing, China

#3 Sep 20, 2013
McQuan wrote:
<quoted text>
There is a saying which goes like this "When you owe the bank $100 that is your problem. If you owe the bank $ 100 million, that is the bank's problem".
If people work at minimum wages, the country may achieve full employment but the government will have less tax money, even though they do not have to spend money on foodstamps.
The best way for the USA, is to buy more printers and print more money or/and borrow more money. Don't worry and let the bank worry.
the sad truth is that even as you said, they ended up with more liabilities, less and less assets. fed's liability at 2008 was $80 million, now it is $5tln. nobody wants to lent to you, not even fed, after all, it is not fed's problem as fed always can print. it is your gov.'s problem and your problem because you have lost credibility to borrow even one cent.

don't you see they started shooting on street? their way to reduce liability.

shooting won't solve the problem either. because people who owns assets in your country are as idiotic as you.
lct

Beijing, China

#4 Sep 20, 2013
because people who owns assets in your country are making their assets less and less, not more and more. typcial losers.
lct

Beijing, China

#5 Sep 20, 2013
and trust me, your banker won't die before you, even you have same ideology with them.
otherwise, you would be their banker.:)
McQuan

Montréal, Canada

#6 Sep 20, 2013
lct wrote:
and trust me, your banker won't die before you, even you have same ideology with them.
otherwise, you would be their banker.:)
I will tell you a secret of success. If you happen to know someone who is in the lending business, tell them to lend only a very small sum of money to each. That way, you won't have to worry and get a heart attack. I have seen many banks that went bankrupt and dead because they lent big money to companies that could not pay back.
It's top secret. Don't tell any one else. Even Edward Snowdon doesn't know this.
lct

Beijing, China

#7 Sep 20, 2013
McQuan wrote:
<quoted text>
I will tell you a secret of success. If you happen to know someone who is in the lending business, tell them to lend only a very small sum of money to each. That way, you won't have to worry and get a heart attack. I have seen many banks that went bankrupt and dead because they lent big money to companies that could not pay back.
It's top secret. Don't tell any one else. Even Edward Snowdon doesn't know this.
oh, come on, why is that 'If you happen to know someone who is in the lending business, tell them to lend only a very small sum of money to each'?

what is so 'top secret' about it?:)
Jacky Chan

Wan Chai, Hong Kong

#8 Sep 20, 2013
Hello ... ... lct

“To be or not to be”

Since: Feb 12

Location hidden

#9 Sep 21, 2013
Jacky Chan wrote:
Hello ...... lct
Ahh Jackie Chan is trying to woo Miss lct. Or maybe someone trying to pass as Jackie Chan.
lct

Beijing, China

#10 Sep 21, 2013
McQuan wrote:
<quoted text>
I will tell you a secret of success. If you happen to know someone who is in the lending business, tell them to lend only a very small sum of money to each. That way, you won't have to worry and get a heart attack. I have seen many banks that went bankrupt and dead because they lent big money to companies that could not pay back.
It's top secret. Don't tell any one else. Even Edward Snowdon doesn't know this.
is there anyone in the whole world wants to lent the money to someone just said 'it is your problem if i owe you 1million'?
McQuan

Montréal, Canada

#11 Sep 21, 2013
lct wrote:
<quoted text>
is there anyone in the whole world wants to lent the money to someone just said 'it is your problem if i owe you 1million'?
It's not the borrower who says that. It's the whole world who thinks that it is the problem of the bank. The bank now has a lot to worry. The borrower may get sick and cannot pay back the interest, the borrower may not make enough money to pay back at all. So now the bank may have to lend more money so the borrower can use the new money to pay back some interest. Big headache for the bank. No problem for the borrower. Big money is at stake, not just 100 dollars.
lct

Beijing, China

#12 Sep 21, 2013
McQuan wrote:
<quoted text>
It's not the borrower who says that. It's the whole world who thinks that it is the problem of the bank. The bank now has a lot to worry. The borrower may get sick and cannot pay back the interest, the borrower may not make enough money to pay back at all. So now the bank may have to lend more money so the borrower can use the new money to pay back some interest. Big headache for the bank. No problem for the borrower. Big money is at stake, not just 100 dollars.
there is no 'Big money' in the whole west anymore. the only thing left is people's savings, if any bank wants to have credibility to stay in business, which is not much. the west is bankrupted.

there will be no excuse for debtors,you won't even have credit cards.
lct

Beijing, China

#13 Sep 21, 2013
except Germany.

Since: Nov 10

Xuchang, China

#14 Sep 21, 2013
hm, peasants can also talk on financial issue.
lct

Beijing, China

#15 Sep 21, 2013
New China wrote:
hm, peasants can also talk on financial issue.
don't use proxy to suggest you are in China.
we don't like liars.

Since: Nov 10

Zhengzhou, China

#16 Sep 21, 2013
lct wrote:
<quoted text>
don't use proxy to suggest you are in China.
we don't like liars.
hm, what is proxy?
well, who am I? where were my address?

to read peasants discussing finance is very interesting, too.
An apple can change 9 eggs ,etc.

How much is sweetpotato a kilo in suburb of beijing?
how is that at outpost in ca?
lct

Beijing, China

#17 Sep 22, 2013
New China wrote:
<quoted text>
hm, what is proxy?
well, who am I? where were my address?
to read peasants discussing finance is very interesting, too.
An apple can change 9 eggs ,etc.
How much is sweetpotato a kilo in suburb of beijing?
how is that at outpost in ca?
let the market decides, not someone in finance world.:)
McQuan

Montréal, Canada

#18 Sep 22, 2013
lct wrote:
<quoted text>
let the market decides, not someone in finance world.:)
Market decides but economists discuss and predict the financial market. I think both of you, lct and NewChina , are professors of economics in this forum. No problem.

Since: Nov 10

Beijing, China

#19 Sep 22, 2013
professor? it's only too higher cap to be laughed at.

Since: Nov 10

Beijing, China

#20 Sep 22, 2013
lct wrote:
<quoted text>
let the market decides, not someone in finance world.:)
you are totally naive.
must be fresh student.

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