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USA GDP Grows 2.8% In Spite Of Obama ACA !

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#1    CyberKen

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Posted 07 November 2013 - 05:23 PM

The U.S. Economy continues to grow. There is no recession here in the USA.

The full report is at the link below:

http://www.bea.gov/n...newsrelease.htm

The U.S. Economy grew at a 2.8% rate for Q3 2013.

The United States GDP is now $16.857 Trillion.

America is still an economic and military superpower. :tu:
Sequester.jpg

Grow the Private Sector , not the government !


#2    Otto von Pickelhaube

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Posted 07 November 2013 - 05:38 PM

Does this prove that the U.S. still a military Superpower, if, as you'd no doubt say, the world doesn't respect it it any more under Mr. O? And if it was still a military Superpower, would that really be anything to gloat in triumph about? I thought the whole point of the T Party was that they wanted less powerful government and to let the People have more of a say. How does that fit with being a military Superpower? Or is that what the T Party would spend all the money they'll save, once they've scrapped Obamacare and got rid of the Defict, on?

If, as it seems, we are in the process of becoming a totalitarian society in which the state apparatus is all-powerful, the ethics most important for the survival of the true, free, human individual would be: cheat, lie, evade, fake it, be elsewhere, forge documents, build improved electronic gadgets in your garage that’ll outwit the gadgets used by the authorities.

- Philip K. Dick.


#3    CyberKen

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Posted 07 November 2013 - 05:46 PM

View PostColonel Rhuairidh, on 07 November 2013 - 05:38 PM, said:

Does this prove that the U.S. still a military Superpower, if, as you'd no doubt say, the world doesn't respect it it any more under Mr. O? And if it was still a military Superpower, would that really be anything to gloat in triumph about? I thought the whole point of the T Party was that they wanted less powerful government and to let the People have more of a say. How does that fit with being a military Superpower? Or is that what the T Party would spend all the money they'll save, once they've scrapped Obamacare and got rid of the Defict, on?

In order to be a military superpower, you must also be an economic superpower.

I guess in order to understand the Tea Party you are going to have to actually - Read the Mission Statement - and just stop guessing

what the Tea Party stands for.

- Seek The Truth -

http://www.teapartyexpress.org/mission

I guess one option is to conveniently ignore the Tea Party Mission Statement and just start making things up. That might work !

-------
BTW, we need to have our U.S. Economy stable so we can pay the members of the U.S. Military and provide them with

state-of-the-art weapons and supplies. :tu:


#4    hacktorp

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Posted 07 November 2013 - 06:03 PM

View PostCyberKen, on 07 November 2013 - 05:46 PM, said:


- Seek The Truth -


Yes...the REAL truth:

3Q GDP actually DECREASED $58.4 Billion.  And here's why:


The Fed is "creating" $85 billion a month in "QE", injecting it into the economy.  These funds are immediately spent and thus "count" in GDP (all goods and services sold, remember?)
So the actual amount of economic activity for which trade occurs must have the QE amount subtracted back out.
The BEA's GDP tables tell us that the gross change in GDP from 2Q -> 3Q was $196.6 billion.  But the Fed's QE program injected $255 billion, so in fact the economy shrank during the 3rd quarter.
When people tell you that they believe the economy is in a recession, as a recent survey said was commonly believed -- they're right.

http://market-ticker...www?post=225788

Desperate governments say desperate things...believe the truth, not the hype.


#5    CyberKen

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Posted 07 November 2013 - 06:13 PM

View Posthacktorp, on 07 November 2013 - 06:03 PM, said:

Yes...the REAL truth:

3Q GDP actually DECREASED $58.4 Billion.  And here's why:


The Fed is "creating" $85 billion a month in "QE", injecting it into the economy.  These funds are immediately spent and thus "count" in GDP (all goods and services sold, remember?)
So the actual amount of economic activity for which trade occurs must have the QE amount subtracted back out.
The BEA's GDP tables tell us that the gross change in GDP from 2Q -> 3Q was $196.6 billion.  But the Fed's QE program injected $255 billion, so in fact the economy shrank during the 3rd quarter.
When people tell you that they believe the economy is in a recession, as a recent survey said was commonly believed -- they're right.

http://market-ticker...www?post=225788

Desperate governments say desperate things...believe the truth, not the hype.

The Truth: The U.S. Economy GDP is currently $16.857 Trillion.

You have the option to run away from that truth but it is what it is.  The USA is an economic superpower.

Yes, the Federal Reserve is Monetizing The Debt....aka....quantitative easing. We learned that cute little trick from Great Britain. It works!

-----

Also, our Fortune 500 Corporations are the envy of the world.

Go check it out for yourself.


#6    acidhead

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Posted 07 November 2013 - 06:17 PM

There has been no recovery - just a cover up.



"there is no wrong or right - just popular opinion"

#7    CyberKen

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Posted 07 November 2013 - 06:25 PM

View Postacidhead, on 07 November 2013 - 06:17 PM, said:

There has been no recovery - just a cover up.

With a Republican / Tea Party President of the United States we would be growing at 5% right now.

A lot of our corporations are in a bunker mentality because we have a Secular Progressive in the White House.

The Good News is that we clearly have Obama on the defensive:



#8    George Ford

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Posted 07 November 2013 - 06:26 PM

View Posthacktorp, on 07 November 2013 - 06:03 PM, said:

Yes...the REAL truth:

3Q GDP actually DECREASED $58.4 Billion.  And here's why:


The Fed is "creating" $85 billion a month in "QE", injecting it into the economy.  These funds are immediately spent and thus "count" in GDP (all goods and services sold, remember?)
So the actual amount of economic activity for which trade occurs must have the QE amount subtracted back out.
The BEA's GDP tables tell us that the gross change in GDP from 2Q -> 3Q was $196.6 billion.  But the Fed's QE program injected $255 billion, so in fact the economy shrank during the 3rd quarter.
When people tell you that they believe the economy is in a recession, as a recent survey said was commonly believed -- they're right.

http://market-ticker...www?post=225788

Desperate governments say desperate things...believe the truth, not the hype.

Hi,
good info but I need more, that looks like a little snippet. Do you have links to any more info like this. Cos all that will happen with printing money is that inflation will rise and that creates more problems. The US could stop being a military super power and save trillions ever year to combat the debt instead.

“Extraordinary claims require extraordinary evidence” ~ Carl Sagan

#9    Kowalski

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Posted 07 November 2013 - 06:29 PM

View PostCyberKen, on 07 November 2013 - 06:13 PM, said:

The Truth: The U.S. Economy GDP is currently $16.857 Trillion.

You have the option to run away from that truth but it is what it is.  The USA is an economic superpower.

Yes, the Federal Reserve is Monetizing The Debt....aka....quantitative easing. We learned that cute little trick from Great Britain. It works!

-----

Also, our Fortune 500 Corporations are the envy of the world.

Go check it out for yourself.

QE doesn't work and it never has.....

Posted Image


#10    hacktorp

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Posted 07 November 2013 - 06:31 PM

View PostCyberKen, on 07 November 2013 - 06:13 PM, said:


The USA is an economic superpower.


Absolutely.  A declining economic superpower that is moving inexorably into balance with the rest of the world.  Even a military pumped up by artificial deficit spending won't stop the global re-balance.

The rest of the world is rapidly organizing for the post-US-hegemonic economy.  We should too.


#11    Kowalski

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Posted 07 November 2013 - 06:32 PM

View Postbulveye, on 07 November 2013 - 06:26 PM, said:

Hi,
good info but I need more, that looks like a little snippet. Do you have links to any more info like this. Cos all that will happen with printing money is that inflation will rise and that creates more problems. The US could stop being a military super power and save trillions ever year to combat the debt instead.


While I think that is a noble, and good idea, the Democrats and Republicans would never allow it, because they both love war to much.....apparently bombing and killing Brown people with state of the art weapons is patriotic.....


#12    CyberKen

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Posted 07 November 2013 - 06:35 PM

View PostKowalski, on 07 November 2013 - 06:29 PM, said:

QE doesn't work and it never has.....

Posted Image

Oh yes , IT DOES WORK !

Quantitative Easing allowed the Federal Reserve to buy U.S. Treasury Notes and keep the interest rates very low.

- We are sitting on a $$$ Trillion Debt Bomb. QE has disarmed the Debt Bomb. -

The Interest on the debt slice of the pie is currently small because of the QE Band-Aid.

Would you like to see that slice - double or triple - in size ???  Think carefully before answering that very important question.


#13    CyberKen

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Posted 07 November 2013 - 06:38 PM

View PostKowalski, on 07 November 2013 - 06:32 PM, said:

While I think that is a noble, and good idea, the Democrats and Republicans would never allow it, because they both love war to much.....apparently bombing and killing Brown people with state of the art weapons is patriotic.....

Food For Thought : You do not deter with obsolete weapon systems.


#14    CyberKen

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Posted 07 November 2013 - 06:42 PM

View Posthacktorp, on 07 November 2013 - 06:31 PM, said:

Absolutely.  A declining economic superpower that is moving inexorably into balance with the rest of the world.  Even a military pumped up by artificial deficit spending won't stop the global re-balance.

The rest of the world is rapidly organizing for the post-US-hegemonic economy.  We should too.

Declining ??? Why is the US GDP just about ready to jump over $17 Trillion after Christmas 2013?

I think it may have something to do with Americas financially strong middle class.


#15    hacktorp

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Posted 07 November 2013 - 06:43 PM

View Postbulveye, on 07 November 2013 - 06:26 PM, said:

Hi,
good info but I need more, that looks like a little snippet. Do you have links to any more info like this. Cos all that will happen with printing money is that inflation will rise and that creates more problems. The US could stop being a military super power and save trillions ever year to combat the debt instead.

There is tons of available information out there, especially right now since so many 'establishment' finanacial experts are beginning to speak out.  Printing money is a short road to ruin, you're correct.  But there are bigger things going on right now internationally that signal the end of Fed primacy...the QE money printing is really buying short bits of time in order that things might get sorted out...the US can NEVER hope to legitimately grow its way out of the fiscal mess it is in.

Reset/re-balance is the only solution.





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