mitchpee 10 Posted August 5, 2011 Share Posted August 5, 2011 Ah sensationalism media again at its finest. Fun fact: Japan has more debt (although a different kind) as a % of GDP than the US. The issue is we have a ton of demagogues in this country that can easily stir simple minded people which are plentiful. They use scapegoats like "welfare slugs and immigrants are taking your tax dollars". Terms that the average Joe can relate to and most importantly get angry about to further polarize the situation. The Iraq/Afghan war, irresponsible spending/investing, toxic assets, speculative trading, compounds of interest on current debt, Americans individual inefficient spending...are all the major factors in the debt rise. However the left would rather blame predecessors and the right would blame the government itself. If only it was an innocent travesty I could laugh, but this is a serious situation and the US is not handling it in any sort of intelligent way. So I guess I just have to shout out a sarcastic god bless the USA! Link to post Share on other sites
yoroshiku onegai shimasu 2 Posted August 5, 2011 Share Posted August 5, 2011 Originally Posted By: MitchPee Ah sensationalism media again at its finest. Are they making up the story about massive global stock sell-offs? Link to post Share on other sites
grungy-gonads 54 Posted August 5, 2011 Share Posted August 5, 2011 Yes. Listen to pie-eater's dad! Link to post Share on other sites
Tubby Beaver 209 Posted August 6, 2011 Share Posted August 6, 2011 how's your Dad's bowing, Pies? Link to post Share on other sites
Metabo Oyaji 71 Posted August 6, 2011 Share Posted August 6, 2011 Originally Posted By: TubbyBeaverinho how's your Dad's bowing, Pies? He doesn't have to bow, silly, because he's never wrong! Link to post Share on other sites
mitchpee 10 Posted August 6, 2011 Share Posted August 6, 2011 Originally Posted By: yoroshiku onegai shimasu Originally Posted By: MitchPee Ah sensationalism media again at its finest. Are they making up the story about massive global stock sell-offs? Sensationalism doesn't mean something was made up. It's more about word choice. Sensationalism means the media has been drumming up fear for the past month is this country and other media outlets have loved to do the same. There's absolutely no neutral tones when used talking about these reports...ie sensationalism. Also, if you can picture a multi-head creature who is the enemy of a stable economy....speculative and anticipatory trading would be 2 of the main heads on it. Terrible analogy I know, but I have absolutely no gift for comparing things. Link to post Share on other sites
SKI 15 Posted August 6, 2011 Share Posted August 6, 2011 Originally Posted By: MitchPee Sensationalism doesn't mean something was made up. It's more about word choice. Sensationalism means the media has been drumming up fear for the past month is this country and other media outlets have loved to do the same. There's absolutely no neutral tones when used talking about these reports...ie sensationalism. All sounds a bit sensationalise that lot Link to post Share on other sites
Tubby Beaver 209 Posted August 6, 2011 Share Posted August 6, 2011 Originally Posted By: Metabo Oyaji Originally Posted By: TubbyBeaverinho how's your Dad's bowing, Pies? He doesn't have to bow, silly, because he's never wrong! best to cover all bases though, Pies get your Dad practicing some "Really sorry bows" JUST in case Link to post Share on other sites
Curt 1 Posted August 6, 2011 Author Share Posted August 6, 2011 Quote: The credit rating agency Standard & Poor's has stripped the US of its top-notch AAA credit rating, downgrading it to AA+ and warning of further future downgrades because of political and economic uncertainty. The humbling downgrade of the world's economic superpower came late on Friday night, after news surfaced of a furious rearguard attempt by the White House to convince S&P that its figures were faulty. Those sensationalists, S&P. Link to post Share on other sites
mitchpee 10 Posted August 7, 2011 Share Posted August 7, 2011 Originally Posted By: Curt Quote: The credit rating agency Standard & Poor's has stripped the US of its top-notch AAA credit rating, downgrading it to AA+ and warning of further future downgrades because of political and economic uncertainty. The humbling downgrade of the world's economic superpower came late on Friday night, after news surfaced of a furious rearguard attempt by the White House to convince S&P that its figures were faulty. Those sensationalists, S&P. I'm not saying the matter isn't severe. However, it is completely absurd to take it to the level of apocalyptic economic collapse the media seems to be portraying. Not to mention all of this negativity only ceases to hurt investment. Link to post Share on other sites
BagOfCrisps 24 Posted August 7, 2011 Share Posted August 7, 2011 Are you actually expecting anything different from "the news", Mitch? Link to post Share on other sites
mitchpee 10 Posted August 7, 2011 Share Posted August 7, 2011 Originally Posted By: BagOfCrisps Are you actually expecting anything different from "the news", Mitch? nope, but just hoping one day we can collectively stop this bullshit that is fed to us on a 24 hour basis (mostly in the US). Link to post Share on other sites
HelperElfMissy 42 Posted August 7, 2011 Share Posted August 7, 2011 too many people hanging on and believing the bullshit Mitch... ...it sells. Sad. Link to post Share on other sites
HighlyTrainedNovaTeacher 2 Posted August 7, 2011 Share Posted August 7, 2011 Politicians are of course largely to blame as well with their shouting down and blaming the opposition. Link to post Share on other sites
HighlyTrainedNovaTeacher 2 Posted August 7, 2011 Share Posted August 7, 2011 For more important news and stuff that ain't made up in any way, http://www.snowjapanforums.com/ubbthread...e_day_thre.html Link to post Share on other sites
big-will 7 Posted August 7, 2011 Share Posted August 7, 2011 How exactly do you want to report these things? And why don't you just avoid the media you think to be 'sensational' in reporting these things and stick to more serious 'unbiased' ones? Link to post Share on other sites
BagOfCrisps 24 Posted August 8, 2011 Share Posted August 8, 2011 I see the Nikkei down 1.5% as it opens this morning... Link to post Share on other sites
mitchpee 10 Posted August 8, 2011 Share Posted August 8, 2011 Originally Posted By: big-will How exactly do you want to report these things? And why don't you just avoid the media you think to be 'sensational' in reporting these things and stick to more serious 'unbiased' ones? Uh, if you're talking to me I would like them reported with tones and dialect that are much more concerned with factual analysis of a situation rather than the emotional appeal of a ridiculous scenario. Also, I don't watch the news, so unless something has changed then I will still presume it to be a factory of demagoguery. It's pretty simple stuff, I am not quite sure why my critique of the media's appeal to behavioral instincts and emotion stirred such confrontation? Link to post Share on other sites
BagOfCrisps 24 Posted August 9, 2011 Share Posted August 9, 2011 Originally Posted By: MitchPee Originally Posted By: big-will How exactly do you want to report these things? And why don't you just avoid the media you think to be 'sensational' in reporting these things and stick to more serious 'unbiased' ones? Uh, if you're talking to me I would like them reported with tones and dialect that are much more concerned with factual analysis of a situation rather than the emotional appeal of a ridiculous scenario. Also, I don't watch the news, so unless something has changed then I will still presume it to be a factory of demagoguery. It's pretty simple stuff, I am not quite sure why my critique of the media's appeal to behavioral instincts and emotion stirred such confrontation? Confrontation? Your 'critique' sounds itself like some sort of tabloid, albeit using some posh words that not many will understand. (Demagoguery? cool). Link to post Share on other sites
panhead_pete 27 Posted August 9, 2011 Share Posted August 9, 2011 Originally Posted By: Man_In_Japan It's not like the US owes money on this to other countries does it? Yep - China. Link to post Share on other sites
RobBright 35 Posted August 9, 2011 Share Posted August 9, 2011 Originally Posted By: panhead_pete Originally Posted By: Man_In_Japan It's not like the US owes money on this to other countries does it? Yep - China. China is not funding the deficit, in fact none of the UST Bonds fund anything. The USTs that China owns was/is purchased with USDs already in the system. The bonds that are purchased mop up liquidity pumped into the system. When the gov’t wants to spend money they do not have, they create it, and if there are no open market buyers then the FED buys the bonds. In other words, if China did not buy another UST Bond it would not stop the USG from spending into deficit. Link to post Share on other sites
Thundercat 60 Posted August 9, 2011 Share Posted August 9, 2011 I'm pretty sure that US Social Security is the largest debt owner... something like 3 times that of China's. Link to post Share on other sites
iiyamadude 6 Posted August 9, 2011 Share Posted August 9, 2011 Tell you what we could certainly do without another financial crisis in the next few months. That really would be a fatal punch! Link to post Share on other sites
mitchpee 10 Posted August 9, 2011 Share Posted August 9, 2011 Originally Posted By: Black Mountain I'm pretty sure that US Social Security is the largest debt owner... something like 3 times that of China's. Yup, US bond holders as well, Japan is in there too! Link to post Share on other sites
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