2009 08 01 GDP And Debt - The Summary

Gee, its all green shoots eh? TIckerguy DESTROYS that argument with THE FACTS. Don't miss this one, and pass it around. The linked Ticker is at http://market-ticker.org/archives/1282-GDP-And-Debt-In-Video-Attached-Images.... - go there for larger copies of all the charts used in the video or if you want to just follow allow and have them open while watching.

Category:

News & Politics

Tags:

• Politics
• Economics
• The Market Ticker
• Tickerguy

[tonyopmoc]

Karl, I would register and ask these questions on your own website - which of course you would be free to delete, if you wanted to. But the last time I tried which was sometime last year, you wanted the password to my own private email account. I don't even let my wife see that.

I don't think you are in anyway dishonest, and would not abuse the priviledge of me giving you my password ( I have worked as a UNIX systems administrator for a very large co ). But that is not the point.

Tony

[kdenninger]

That's a pure lie. I never ask for the password to ANYONE'S email account.

You're spamming here.  You can stop or....

[ddxhtml]

Sir, forgive my ignorance, but to me the fed-"transfer" statement and the chart numbers don't add up. The chart "Consumer dept Billions" indicates the consumer dept being $2.500.000 billion. The chart "Federal dept in dollars" indicates $12.000 billion.

As you see 2.500.000 and 12.000 are in order of magnitude different. According to the Feds statistics the correct consumer debt is $2.500 billions.

[kdenninger]

The Consumer has only "de-levered" $50 billion but the government has added some $2 trillion in a parabolic blow-off.

The purpose is obvious: It is an attempt to keep the "debt creation" bubble going. It can't and won't work, but that's what they're doing. When it fails it is going to be spectacular and MOST unpleasant.

[bunsh1ch1]

If some consumer debt was transferred to the federal government why doesn't the consumer debt chart show more of a dip?

[kdenninger]

Because most of the debt WASN'T transferred from there - what happened instead was the banks, which were holding that debt, transferred it to the government.

IT WAS NOT CLEARED and this is why we can't recover - the carrying cost (which caused us to hit the wall) IS STILL THERE - it was just hidden!

JAPAN ANYONE?

[pacificcoast]

With this single 7 1/2 minute video you just completely BLEW away all the green shoot touters. After watching this video, there's no way anyone with even the smallest level of financial knowledge can continue to believe the propaganda the FED and Obama keep feeding us. Wake the fuck up people, your government isn't acting in your best interest!

[deathcube]

I think he may be thinking of food and water or guns and ammo!

[raptor2391]

when you look at obama's radical background and the radicals like cass sunstein and van jones in his inner circle you realise that they are trying to destroy the united states as the founding fathers intended. he personally said that he disagrees with the philosophy of the constitution. No rational human being can spend this sort of money and think that they are actually saving. HE KNOWS FULL WELL THAT HE IS DESTROYING AMERICA. after he destroys the system he can redistribute the wealth.

[suzettespencer]

God almighty. Why dont the fringe media show some of your (or those) charts?

America would collapse. I bet Ben & Barack already know this. What I dont understand is what are they planning? They know that this is unsustainable. What is their endgame? Do they have one?

[chuska8383]

I couldn't agree with you more. I am very frustrated when people begin bickering with themselves over bipartisan politics and healthcare reform induced Congressional theatrics. The real crisis is right in front of our face yet the majority of Americans are completely clueless. I am thankful for people like Karl that actually get it.

[metaltect]

A quick 2c from down under...It's hard to become fiscally responsible when US govt is being criminal. The savings that people are accruing are going to vanish with USD devaluation.

Just when we're actually doing the right thing, we get hammered by the Fed. Look too at the FDIC! Paper is not safe in banks. With no % gained on your paper, why bank it? Buy some durable commodities? Real prices are going up, & this is a way to save. Did I mention money? No, its only if our saving has currency

[loai050]

Just found your sire, how wonderful to find someone who can stick to FACTS. Thank you.

[nmreich]

> How long are the "tax payers" going to fork up their "money" unconstitutionally?

Americans aren't going to wake up because they are in a fatal coma right about now. Decades of indoctrination in the "education" department have convinced Americans that SPENDING = WEALTH, and CAPITALISM = GREED. They have been anesthetized and are about to be consumed alive, but they will never realize it until their soul departs their body.

[hiphopsocnroc]

The real question: How long are the "tax payers" going to fork up their "money" unconstitutionally?

Once people realize the massive transfer of "wealth" their is going to be hell. That is if they wake up!

[FightGlobalPoverty]

Great video. The economy is contracting because business investment is collapsing. It has fallen almost 50% this year.

Consumer spending has actually been pretty stable this year. The bea web site says,

*Real personal consumption expenditures decreased 1.2 percent in the second quarter, in contrast to an increase of 0.6 percent in the first...Real nonresidential fixed investment decreased 8.9 percent in the second quarter, compared with a decrease of 39.2 percent in the first.*