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Germanicus
09-25-2013, 02:43 PM
WASHINGTON—The U.S. Treasury Department on Wednesday said it would exhaust emergency measures to avoid falling behind on government obligations no later than Oct. 17 and would be left with $30 billion in cash to run the government, a warning that could hasten fiscal discussions on Capitol Hill.

Treasury Secretary Jacob Lew (http://topics.wsj.com/person/L/Jacob-Lew/6182), in a letter to Congress, said the $30 billion in cash would "be far short of net expenditures on certain days, which can be as high as $60 billion." He called on Congress to raise the nation's borrowing limit immediately to prevent the country from falling behind on its bills.


http://online.wsj.com/article/SB10001424052702303796404579097013297326356.html

Hey I have an idea for Lew. MAKE A DAMN BUDGET!!!

Honestly. How can America operate without a Federal Budget?

I have to have a budget. You have to have a budget. Obama and the US Government have no budget! How? Why? What?

If this Lew guy is the Treasury Secretary then tell him to make a budget. Who makes the budget in America? Oh thats right, you owe $17 trillion plus unfunded liabilities and you operate on a trade deficit and refuse to live within your means despite the fact that you have essentially defaulted in the eyes of your biggest creditor, China. And you have had a credit downgrade. But still no budget? Are you fucking kidding me? And nobody really seems to care too much. Obamacare right? Distraction. You are getting Obamcare like it or not. DEBT CEILING! Dont pay attention to that whatever you do.

The rest of us do not have the Reserve Status that we can abuse as if it were a stolen credit card.. We cant have no budget or we would become Somalia. One of the highlights of the political year is Budget Time. This is a time for the Treasurer or Minister of Finance to show how awesome he is and make a clever budget. This doesnt seem to be the case in the USA. No budget? What?

So whos secretary is this Lew guy anyway? Does America even have a Treasurer? Its like the second most important position in politics.. Why does America have all these secretaries? Whos secretaries are they? Its like you have a Secretary of Defense. Whos secretary is Chuck Hagel anyway? Who is Americas Defense Minister? Why all the secretaries?

Anyway, how about Timmy Geithnerr? Is Lew Geithners secretary or something? Or did Lew replace that freaky looking no-budget clown?

Lew should warn himself that he has no budget. ( do you think he is reading this? HEY LEW! YOU GOT NO BUDGET DUDE! WHAT THE FUCK!? MAKE A GOD DAMN BUDGET!!! ) Maybe one of you guys could warn him for us. I only clicked on the item because I assumed that finally a Ratings Agency would be warning the USA for refusing to address their structural debt problems but I forgot they are all western puppet-like organisations and the world economy is far too fragile to rock the boat and let it all fall to China now. Best to keep pretending America is fine. They have cheap energy for corporations now or something right?.... Its a comeback! ((: Nothing can stop them now. Except the end of QE maybe. When is that again?

Dont you guys agree that America must have a budget? How can you have no budget? You caused the GFC. And still no budget? 'Operation Twist' and unending QE is the best you got/ And lets not forget that cheap cheap energy for US corporations. Why dont you get cheap energy again? Only for the corporations it seems..

Paul Ryan is the only guy in America that seems concerned about the lack of a Federal Budget. Why dont Americans care about a budget? Do Americans understand how the Reserve works and how unfair it is and are fine with this system continuing?

Why cant the USA face the world on a level playing field? Why cant the USA live within its means?

And whats with all the secretaries?

Germanicus
09-25-2013, 02:45 PM
Has USA already defaulted?

“‘In our opinion, the United States has already been defaulting… Washington had already defaulted on its loans by allowing the dollar to weaken against other currencies – eroding the wealth of creditors including China", Mr Guan of Dagong Credit Rating Agency said.

Ben Bernanke of the US Federal Reserve has been manipulating the currency of USA for a very long time now. Quantitative Easing or QE is the Federal Reserve printing endless amounts of money and then they buy bonds that nobody will buy to make it look like the US economy is not bankrupt. QE is an ongoing backdoor bailout of the US banks and corporations. The QE has only helped rich Americans and their international multinational corporatist friends. The American people never see any of that printed money. Obama lies to them and tells them that QE will make it easier for poor Americans and small business to borrow money. This is a lie. Banks are not lending to small business. The QE has also done almost nothing to the sky high US unemploymeny rate.

Nations such as Australia and Japan have been very angry about USA manipulating their currency because when USA lowers the value of their currency by printing mountains of free money it lowers the value of the USD. No value has been produced to print these USD's so all other USD become worth less value. The Australian dollar is pegged to the USD because the USD has the Reserve Status for now. A weak USD makes the Australian dollar much stronger and when that happens the high AUD hurts Australian exporters. Our friends in China are forced to pay more for the things they import from Australia and it hurts trade between our two nations.

China is a nation that helps USA by buying so much of USA debt in the past when people didnt want it. China helped save USA from collapse when USA caused the GFC. All of the US Government Debt that China owns is in USD. When Ben Bernanke runs unlimited QE all the mountains of free money that USA gives themselves makes the debt that China bought worth less value. USA is ripping China off. The USA has defaulted and China is the nation that are being hurt the most by the default.

I think it is about time the USA faced reality and admits that the nation is bankrupt. It is wrong for the USA to keep printing free money and eroding the wealth of their trusting creditors including the nation of China. The USA will collapse at some stage if they continue to refuse to accept reality.

China is trying to help the USA Government save itself from collapse by offering friendship and trade but the USA needs to do more. It is very hard to be friends with the USA. The future of the United States rests on Sino-US relations. It seems that China making all the effort and doing all the work. I was very sad to read about the snooping that the CIA/NSA have been doing to Hong Kong and mainland China. USA has really strained Sino-US relations at a time when USA should be doing all they can to strengthen ties with China. I was also saddened because the vast snooping network that the CIA/NSA has used against the people of mainland China and Hong Kong damaged trust in the Obama administration since so many US officials have been making unfounded accusations that some people in China were hacking America. I am not sure if anyone will be able to believe Obama and the US officials the next time they slander China in the tabloid western media. Now that we know that it is actually the United States Government that has the most vast snooping network in the history of mankind. It is such a shame that the USA have been doing this because China has been going out of their way to include the USA in the prosperity of the opening of the Asian Century.

The CPC has put up with a great deal of nonsense in the past from the USA and I am sure that this unfortunate revelation of American snooping, hacking and spying will be something the CPC can look past. I would like to see the USA make up for this massive insult to the world and to China by stopping the manilpulation of their currency and negotiating a transition to a Basket Reserve Currency in a way that protects against the eroding of the wealth of the Chinese people.
http://thepoliticalforums.com/threads/13729-Has-USA-already-defaulted

Germanicus
09-25-2013, 02:49 PM
Reserve Status of USD is still wrong.



The USD should never have been the Reserve Currency and Americans should encourage the US Federal Government to seek to negotiate a sensible solution with the world.


The United States has an unfair advantage over every other nation. That advantage is controlled by multinational corporatists. Most Americans are not getting much out of having the ability to print free money anyway.


Both China and Russia have called for a sensible alternative to the USD in the past and now they seek to unseat it through the creation of the BRICS alliance and the BRICS Bank. The BRICS recently added Iran and Indonesia to the alliance. The bulk of the poor nations have formed the NAM alliance to seek 'justice". In South America they have the ALBA socialist alliance of nations. There is a clear desire from the 'developing' or 'emerging' nations to be seated at the board.


The Reserve Status of the USD stands in the way of a fair and sensible global community. Late capitalism is nearing its end. State Capitalism is the logical next step in the transition to a global socialism based on cooperative nationalism.



The world needs to agree to relieve part of the National Debt of the dysfunctional capitalist nations like the US, most of the UK and Europe. Instead of privatizing the last of what the public has left the public must agree to take back national assets, utilities and resources through expropriation. The 'free market' capitalists, libertarians, corporatists or whatever need to be reassured that a fair and regulated 'free market' is more than possible under a nominally socialist government overseeing a State Capitalist system. A hybrid system can be accepted by the majority if the majority are convinced that it is fair and just. State Capitalism is a decent happy medium that offers everyone a way out of sinking unbridled corporate capitalism.


Western populations are facing an actual reduction in their standard of living. Austerity for the poor and middle class ,privatizing the last of everything and lower corporate tax rates are the solutions sold to us by the capitalist. State Capitalism is a realistic short term possibility in the west. Socialists and anti-capitalists should be open to the idea of State Capitalism. Lower cost of living as well as increased revenue for the state are possible under State Capitalism so it can be sold as a better solution than austerity to most people.


The USD being made Reserve Currency is central to the dated capitalist system. Triffin told people it wouldnt work. The plan that Keynes had at Bretton Woods was more fair and sensible. The Nixon Shock and the whole closing of the 'gold window' kept the USD as reserve currency. The creation of the petro dollar system and other measures forced central banks and corporations to keep USD for international trade. The QE that the United States is engaged in is unfair and wrong. The world should not allow the United States to manipulate its currency so blatantly in a desperate attempt to maintain the role of the USD. It is time to make a transition away from the USD a priority. A smooth and orderly transition away from the USD as Reserve Status can protect Americans. It is in the best interest of everyone. It will allow for the logical move to State Capitalism under nominally socialist governments for western states as we enter the Asian Century.
http://thepoliticalforums.com/threads/13174-Reserve-Status-of-USD-is-still-wrong

Germanicus
09-25-2013, 02:57 PM
Australian Treasurer Wayne Swan had very little to do with the strength of the Australian economy during and after the global economic crisis. The main reason that Australia not only survived the GFC but actually got a bump in world standing was China. China should get an award. China is the reason that Australia continues to enjoy a strong economy while other 'western nations' are having to endure austerity and tax increases as they search for solutions for their doomed and exhausted economies.

They call Australia "the lucky country" because we have great weather and beaches amongst other things. Lately the luckiest thing about Australia is that we are fortunate enough to be one of China's neighbours. Australian's owe China a great deal. Australia is an export economy and China accounts for one third of all Australian exports. Australia needs China. Australia is lucky to have a friend in China. It is not just exports that make China important to Australias future. The Australian Government's recent 'white paper' titled The Asian Century leaves no doubt that even they can see that our relationship with China will be our most important for the next one hundred years.

The last Australian Treasurer to be awarded the Euromoney Finance Minister of the Year was Paul Keating in 1984. Paul Keating went on to become Australia's Prime Minister in the early ninties. As Prime Minister Paul Keating did a great deal to strengthen Australia's relationship with Asia and to create conditions that were more conducive to doing business with nations like Japan and China.

http://thepoliticalforums.com/threads/13327-Australia-named-worlds-happiest-OECD-nation-again

4067

4068

Germanicus
09-25-2013, 03:10 PM
WAYNE Swan last night joined Paul Keating as the only Australians to be named by banking magazine Euromoney as the world's finance minister of the year. The Treasurer received the accolade for his judgment in steering the Australian economy through the global financial crisis and guiding a strong recovery. Mr Keating received the award at the end of his first year as treasurer in 1984.


http://www.theaustralian.com.au/national-affairs/wayne-swan-named-worlds-best-treasurer-by-euromoney-magazine/story-fn59niix-1226142190437

See being a nations Treasurer or Finance Minister or secretary if you prefer should be a big deal.

In Australia the position of Prime Minister is the only position that is a bigger deal than Treasurer and to many like me its a bigger deal. I consider Treasurer to be the most important job.


The Australian federal budget is a document that demonstrates the Australian government (http://en.wikipedia.org/wiki/Australian_government)'s planned financial performance, and the framework it intends to conduct its operations in the following financial year (http://en.wikipedia.org/wiki/Financial_year). Revenue allocated in the budget is raised through the Australian taxation system (http://en.wikipedia.org/wiki/Taxation_in_Australia), with government spending representing a sizeable proportion of the overall economy (http://en.wikipedia.org/wiki/Economy_of_Australia).
http://en.wikipedia.org/wiki/Australian_federal_budget

See every year the Treasurer must come up with a Federal Budget. Every single year. As I said, this is a highlight of the political calender.

All the media talk about it. "Whats in the budget for you?" And all this. The Treasurer gives a Budget Speech. The Opposition gives a response and tells everyone how terrible it is and how we will all be ruined.

Anyway, the point is we have a guy that takes care of the Public Treasure and they make a budget every year. Every year.

How can a nation have no budget? How can a nation that claims to be our leader have no budget? It is Bizzaro World.

4066

4069

Germanicus
09-25-2013, 03:33 PM
America has been operating without a budget since 2009.

The rest of us were letting you do whatever you wanted until then.

Now we want to see your budget and go through it. That is why there is no budget.

America couldnt present their budget to the world with a straight face.

And you got the fucking IMF enslaving Europe, meanwhile USA gets a staggered bankruptcy. Why isnt Detroit on an IMF loan and all the other bankrupt US states and cities?

New York is bankrupt as hell you know.

And what do you give the world? Some 'sequestration' nonsense? Fuck off. What did you do? Made people wait at airports for a while? Closed the White House to visitors? Big big austerity there. Im feeling much safer that USA will not cause yet another GFC now after those massive cuts.

Whatever you do dont cut the military. Actually, are you quite certain you are spending enough on 'defense'? Maybe you should spend more. Whatever you do dont cut that. And security. Gotta keep the homeland safe right?

Maybe more Military Spending will fix everything?


http://www.youtube.com/watch?v=XRDi67G0Siw


http://www.youtube.com/watch?v=KjeWAnnohd4

Germanicus
09-25-2013, 04:21 PM
http://www.youtube.com/watch?v=da0JwKT3GyM

roadmaster
09-25-2013, 04:33 PM
Are you worried about America? I don't really worry nor am I scared.

Germanicus
09-25-2013, 04:36 PM
I am kinda worried about Americans.

Like normal Americans.

Germanicus
09-25-2013, 04:36 PM
3. Money (that's what I want): Well, if you own a small business and needed a loan from the government, you'd have to wait. If you were planning to buy a house and needed a federal loan, you'd have to wait.

Mainecoons
09-25-2013, 04:43 PM
Are you worried about America? I don't really worry nor am I scared.

You sure as hell should be.

roadmaster
09-25-2013, 05:02 PM
You sure as hell should be. Why what does worrying do?

Peter1469
09-25-2013, 06:21 PM
Has USA already defaulted?

“‘In our opinion, the United States has already been defaulting… Washington had already defaulted on its loans by allowing the dollar to weaken against other currencies – eroding the wealth of creditors including China", Mr Guan of Dagong Credit Rating Agency said.

Ben Bernanke of the US Federal Reserve has been manipulating the currency of USA for a very long time now. Quantitative Easing or QE is the Federal Reserve printing endless amounts of money and then they buy bonds that nobody will buy to make it look like the US economy is not bankrupt. QE is an ongoing backdoor bailout of the US banks and corporations. The QE has only helped rich Americans and their international multinational corporatist friends. The American people never see any of that printed money. Obama lies to them and tells them that QE will make it easier for poor Americans and small business to borrow money. This is a lie. Banks are not lending to small business. The QE has also done almost nothing to the sky high US unemploymeny rate.

Nations such as Australia and Japan have been very angry about USA manipulating their currency because when USA lowers the value of their currency by printing mountains of free money it lowers the value of the USD. No value has been produced to print these USD's so all other USD become worth less value. The Australian dollar is pegged to the USD because the USD has the Reserve Status for now. A weak USD makes the Australian dollar much stronger and when that happens the high AUD hurts Australian exporters. Our friends in China are forced to pay more for the things they import from Australia and it hurts trade between our two nations.

China is a nation that helps USA by buying so much of USA debt in the past when people didnt want it. China helped save USA from collapse when USA caused the GFC. All of the US Government Debt that China owns is in USD. When Ben Bernanke runs unlimited QE all the mountains of free money that USA gives themselves makes the debt that China bought worth less value. USA is ripping China off. The USA has defaulted and China is the nation that are being hurt the most by the default.

I think it is about time the USA faced reality and admits that the nation is bankrupt. It is wrong for the USA to keep printing free money and eroding the wealth of their trusting creditors including the nation of China. The USA will collapse at some stage if they continue to refuse to accept reality.

China is trying to help the USA Government save itself from collapse by offering friendship and trade but the USA needs to do more. It is very hard to be friends with the USA. The future of the United States rests on Sino-US relations. It seems that China making all the effort and doing all the work. I was very sad to read about the snooping that the CIA/NSA have been doing to Hong Kong and mainland China. USA has really strained Sino-US relations at a time when USA should be doing all they can to strengthen ties with China. I was also saddened because the vast snooping network that the CIA/NSA has used against the people of mainland China and Hong Kong damaged trust in the Obama administration since so many US officials have been making unfounded accusations that some people in China were hacking America. I am not sure if anyone will be able to believe Obama and the US officials the next time they slander China in the tabloid western media. Now that we know that it is actually the United States Government that has the most vast snooping network in the history of mankind. It is such a shame that the USA have been doing this because China has been going out of their way to include the USA in the prosperity of the opening of the Asian Century.

The CPC has put up with a great deal of nonsense in the past from the USA and I am sure that this unfortunate revelation of American snooping, hacking and spying will be something the CPC can look past. I would like to see the USA make up for this massive insult to the world and to China by stopping the manilpulation of their currency and negotiating a transition to a Basket Reserve Currency in a way that protects against the eroding of the wealth of the Chinese people.
http://thepoliticalforums.com/threads/13729-Has-USA-already-defaulted

Right. Many nations have devalued currency- and it is technically a default. Even the Romans cut the gold in their coins to such a low level than the Celts wouldn't even accept it in trade.

zelmo1234
09-25-2013, 08:56 PM
Germ you forgot to read your mirror again!

But I totally agree with you on that budget thing