Your Questions About Debt Busting

William asks…

When is the job market going to go back to normal?

… so many unemployed educated people …

… so many educated people with college degrees working underpaid jobs …

… when is the job market going to go back to normal?

is Obama fixing this problem???

John answers:

9% is a historically very normal unemployment rate.
The only reason it was lower during Bush is because dangerous DEBT busting things were being done, like cancelling most taxes and spending ridiculous amounts of money.

The debt we will have from Bush is FAR LARGER than any temporary gain we had.
That’s what a pyramid scheme is.

Steven asks…

Gers Debt £29m………….?

Are you surprised its worse now than last year…

Oh the bluebells are blue…lol
http://www.londonstockexchange.com/exchange/news/dow-jones/news-detail.html?newsId=20110401SN000592

Jamie: Nothing wrong with my figures, Not April fools either, here is the laymans version..

http://news.bbc.co.uk/sport1/hi/football/12932160.stm

John answers:

Yes I am surprised as the laptop Loyal were proclaiming only last week that the debt had decreased to just over £20 million. No doubt Darrel King and DJ will be able to explain this away on Superscoreboard. Jamie, if you made a £ 9 million profit, why did the debt no decrease. Where did the £ 9 million go. It can`t have gone on to servcice the debt as that should already be included in the figures. However perhaps more worrying for the blue noses is these figures include your participation inthe Champions League. Now yous have been pumped in Europe, will the so called £ 9 million profit be wiped out in the full year figures? No wonder Mr Whyte is so reticent to get involved too quickly.

Oh there is a surprise Darrel King having a go at the bank istead of telling the truth that Rangers could go bust.

Jenny asks…

Eurozone debt questions?

What happens if the Eurozone breaks up? Or what happens if they switch currency?

John answers:

Stock markets would tumble, it would be pretty bad for everyone.

In the long run it would be good as less productive countries in Europe like Greece would be able to operate without the chains from the ECB and Germany wouldn’t be bailing everyone out all of the time.

The EZ will break up, it is just a matter of time. We can either take the hit now, or just keep inflating the bubble making a larger bust when it eventually falls.

It seemed like such a retarded concept right from the start. How are poorer, less productive countries supposed to operate with a currency designed around Germanic efficiency.They are trapped by interest rates and are unable to default on debt.

Joseph asks…

What will you do on having a debt-free Christmas? On a tight budget..?

I live on Oahu, HI.with a 5% paycut and paying 50% of our health benefits. I have a grocery budget of $200.00 a month. I’m a state of hawaii employee. Do you have any ideas for Christmas on a tight budget on the island of Oahu? How about cooking meals with this budget? Any ideas would be helpful, esp. if you live in Hawaii. Thank you

John answers:

You don’t have to bust your budget cooking a great Christmas dinner. When I was growing up, we didn’t always get presents but we did have an awesome dinner and that was worth more than any present…especially with all the leftovers that lasted for weeks. Anyway, isay you should do some wonderful meal with fish/ham as the main centerpiece and then have some sort of rice/veggie with fresh fruits. Anyway, one Christmas, my mom didn’t have a lot of money to put on a huge feast so she just did a meal that featured our favorite foods really dressed up. We would have hamburgers wrapped in soft tortillas with melted cheese and all the fixings. She’d make fries from scratch and instead of ketchup, our sandwiches were dressed with salsa. You don’t have to go through all the holiday hype to make it special. Neither do you have to bust your wallet open. Just cook a really nice meal and you’re fine. Your definition of a nice meal, not anyone else’s. Have a blessed Christmas.

Susan asks…

????? National U.S.of A. Debt Question ?

What are some current factors in our government that could or already have hurt our National debt?

*be specific*
Some think in the near future we could have Hyperinflation or go through a WWIII.

John answers:

If you want to know how you got where you are, turn around.
If you are zealously considering presenting an impressive debt on our current economic state might I suggest becoming familiar with a private company, the Federal Reserve Banking System (FED). Why is it so important to be the one who prints money when the central banks own and control the price of gold? This means that an economy can simply be boomed or busted by a whim of a banker. Writings from Thomas Jefferson, Benjamin Franklin and Abraham Lincoln are entrenched with their opinion of these bankers’ power. Henry Ford said, “It is well enough that the people of this nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” which he copied from Andrew Jackson “If the American people only understood the rank injustice of our money and banking system – there would be a revolution before morning”

Hyperinflation,
At our current rate in five years the only thing taxes will pay is the interest on the debt. Which makes way for laws already in place for the Federal Emergency Management Act, or FEMA to establish a dictatorship when we have the economic crisis.

Factors for WW III
US Placed in power, Saddam Hussein in Iraq, the Taliban in Afghanistan, Noriega in Panama, and future enemies are put in power everyday. The Northern Alliance in Afghanistan is a brutal drug dealing Mafia. The KLA in Yugoslavia is also a drug dealing brutal Mafia regime and you don’t want to get me started on the cocaine dealing fascist dictators in Columbia.

FED OUT!

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