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 This Could Be The United States....We Owe A Fortune..Wake Up

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joefrank
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PostSubject: This Could Be The United States....We Owe A Fortune..Wake Up   Sun Jul 12, 2015 1:33 pm

7/12

                       This could be the United States, Wake up America...Read on..
          We all know our government doesn't give a dam for our people, all they
          do is borrow, borrow, borrow ! Now China has us in their back pockets !

http://money.cnn.com/2015/07/12/news/economy/greece-crisis-homeless/index.html?iid=hp-toplead-dom

                                                                 Joe....
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dkchristi
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PostSubject: Re: This Could Be The United States....We Owe A Fortune..Wake Up   Sun Jul 12, 2015 3:59 pm

The PIT (point in time) count, which asked people where they slept the night of January 31, 2014, was able to document 871 homeless persons, of which 224 were considered to be chronically homeless. HUD defines chronic homelessness as “an unaccompanied homeless individual with a disabling condition who has either continuously been homeless for a year or more or has had at least four episodes of homelessness in the past three years.” Among the 871 persons surveyed, 56 percent reported having a disabling condition. Also among the 871 were 62 families with 81 children. Veterans made up for 14 percent of those surveyed. Data obtained through the Lee County Homeless Management Information System (HMIS), PIT count, and the School District of Lee County found that during the course of the year, there are an estimated 2,970 homeless individuals within Lee County.

That's one county on the Gulf Coast side of Florida with the main city of Fort Myers.  That's not Miami/Dade.  Miami/Dade "
The results of the semi-annual “Point In Time” (PIT) homeless census, led by the Miami-Dade County Homeless Trust, shows overall homeless rates in Miami-Dade remain relatively stable, but important shifts were noted in where the County’s homeless reside. The 2015 data is the result of the annual PIT census required by the US Housing and Urban Development. The census includes all individuals and members of families who are experiencing homelessness in shelters and on the streets.
Conducted on January 22, 2015, the PIT identified a total of 4,152 sheltered and unsheltered homeless in the County compared with 4,156 last year at the same time. Shifts can be seen in where the homeless population resides: there were 3,145 people in shelters in 2015 compared with 3,316 in 2014, but more were counted on the streets this year, 1007 in 2015 compared with 840 in 2014.

Nearly 600,000 people are homeless on any given night in the U.S. Over 50,000 are Veterans. A similar number are youth between the ages of 18 and 24 and about as many under the age of 18.

So, Joe, it's already here.
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Abe F. March
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PostSubject: Re: This Could Be The United States....We Owe A Fortune..Wake Up   Mon Jul 13, 2015 2:28 am

So sad that the claimed richest country in the world has so many homeless.  Worse still is that our Veterans suffer so much.

As for Greece, keep in mind that there are two sides to this tragic story.  The media picks up on one side and paint a picture blaming others whereas the fault lies within the government itself.

There are some similarities between Greece and the US.  The rich in Greece are not taxed.  Corruption continues.  The Greek newly elected government made promises they knew in advance they couldn't keep and want to place blame elsewhere.  Germany is a huge target for their blame.  Austerity is fought against.  They want to keep spending without attention to the fact that there is no money to spend.  Germany has guaranteed all the loans to Greece by the EU.  If Greece defaults, Germany must pay.  That is not sitting well with the tax payers in Germany.  Secondly, it is not Germany's decision alone as to what Greece must do to get more aid.  It is an agreement of all the EU countries who make that decision.
Greece, having failed to submit a plan deepened the crisis. 
Greece lied on its application to enter the Euro Zone and should not have been accepted.  Now that they are in, dealing with the problem has been placed on the Euro countries.  Trust has been lost.  At the eleventh hour when an agreement could have been reached, Greece decided to hold a referendum - considered another delaying tactic.
Finally Greece submitted a plan and that plan is close to what was asked of them in the first place.  The Greek government now has an additional problem.  It is contrary to the Referendum that the government pushed on their people.  Can the Goverment be relied upon to deliver on their promises?  Many in the EU parliment don't think so. 

If any of us goes into debt, max out our credit cards and sitll want more credit, the financial institutions would laugh at us.  Bankrupting to wipe out our debt still wouldn't give us access to more spending money. In the case of a government, it is the average citizens who suffer.  The rich are still rich.  They have money offshore to continue doing business as usual.
Billions of Euros were taken from the banks, and that includes money of private citizens. and sent to banks in other countries depleting the bank's funds.  Restricting withdrawals should have been done at an early stage.  Now that the banks have little of no money, restrictions have been placed on how much a Greek citizen can withdraw on a daily basis.  Whose fault is that?  It is not the fault of the Euro Zone but with the government of Greece.

It is a mess.  Eventually a solution will be reached to save Greece from themselves.  Pointing fingers to outside forces may work for political purposes, but it doesn't fly with those in the know. 

Don't take my word for it.  If interested, do your own research.  You already know how much you can believe from what you hear in the media.
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cjt
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PostSubject: Re: This Could Be The United States....We Owe A Fortune..Wake Up   Tue Jul 14, 2015 11:50 am

joefrank wrote:
7/12

                       This could be the United States, Wake up America...Read on..
          We all know our government doesn't give a dam for our people, all they
          do is borrow, borrow, borrow ! Now China has us in their back pockets !

http://money.cnn.com/2015/07/12/news/economy/greece-crisis-homeless/index.html?iid=hp-toplead-dom

                                                                 Joe....

Don't be silly. There is a big difference between Greece and the US. We control our own currency. Greece doesn't and it makes a huge difference. The US, since colonial times, has never defaulted on it's debts, ever.

On top of all that the percentage of our GDP our debt takes up is quite small. We could actually have a much larger debt and still be well within our means to pay it back.
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Abe F. March
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PostSubject: Re: This Could Be The United States....We Owe A Fortune..Wake Up   Tue Jul 14, 2015 12:37 pm

It has been said that the value of a currency is based on the strength of its economy.
If a country's currency is determined by the strength of its economy, why isn't the U.S. dollar worth more than the British pound?
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Abe F. March
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PostSubject: Re: This Could Be The United States....We Owe A Fortune..Wake Up   Tue Jul 14, 2015 12:41 pm

We like to point fingers as a way to divert attention from the real problems.  Blaiming China for our economic woes is the same as Greece blaming Germany for its economic woes.  The problems in both come from within.
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cjt
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PostSubject: Re: This Could Be The United States....We Owe A Fortune..Wake Up   Tue Jul 14, 2015 2:51 pm

The value of a currency against another currency really as little to do with a nation's debt (or lack there of). There are many, many factors that contribute to a currency's strength or weakness. A nation may purposely devalue their currency to make their exports cheaper or strengthen it to make overseas travel cheaper for tourists, for example. 

Also regional issues affect currency. For instance one reason the Pound is strong is because the Euro is weak and investors are flocking to the Pound. More demand = higher cost.

In short, you have to be careful in making assumptions about currencies.
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Abe F. March
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PostSubject: Re: This Could Be The United States....We Owe A Fortune..Wake Up   Tue Jul 14, 2015 10:13 pm

There were the days when our currency was backed by gold.  Today there is no backing.  The value, as stated earlier, is based on the strength of the economy.  If you google it, you get various scenarios.  The stock market plays a role.  By itself, the money is worthless.  It's just paper. 
Printing more money weakens the value.  Yes, countries can manipulate the value of the currency, as Turkel mentioned to make our products more attractive for export.  Manipulation has become an economic way of life.  Just look at the price of oil.  The producers hold back on production and the price per barrel increases.  When they need cash flow, they lower the price and that results in an oil glut.  With the new Iran deal, Iran can flood the market with oil.  The prices will drop, the consumer will be happy, but other oil producers will not be pleased.  Fighting the Iran deal is more than just world security issues, but as usual, it's also about money.
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