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   Strategies & Market TrendsThe Financial Collapse of 2001 and Beyond


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To: 2MAR$ who wrote (88975)4/11/2012 7:25:27 AM
From: 2MAR$
   of 122189
 
China may be building its strategic oil reserves, WSJ reports
China's crude oil imports surged to near record levels last month, as some energy analysts believe the country is hoarding oil for its strategic reserves, reports the Wall Street Journal

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To: 2MAR$ who wrote (88975)4/11/2012 7:36:13 AM
From: carranza2
   of 122189
 
The Spanish and Italian auctions need to be contrasted/compared.

Italian all less than 3 year stuff, ergo, backstopped by LTRO. Yields? Don't ask. Lol. The Italian short term stuff yielded significantly more than our 10 year.

I think ditto for Spanish.

Question, then: why did the Spanish stuff do so badly if LTRO in place?

Got to love those Europeans.....willing to destroy the Zone in order to save it.

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To: bart13 who wrote (88964)4/11/2012 8:17:09 AM
From: elmatador
1 Recommendation   of 122189
 
Whatever goes into the fund today, is immediately spent into someone who -in the past- paid into that fund.

You pay on until, at some point in the future, you start withdrawing from the fund.

That if there is someone paying into the fund at the present time.

If there is less people paying into the fund, then there is less to withdrawn than it was promised at the beginning.

Thi is how it works for pensions.

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To: elmatador who wrote (88978)4/11/2012 8:24:02 AM
From: The Jack of Hearts
   of 122189
 
Pension funds depend upon investments also.. gravy days being gone is also having an effect..

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To: bart13 who wrote (88964)4/11/2012 8:26:51 AM
From: elmatador
   of 122189
 
If most employees, employers, and people who are self-employed contribute to a trust fund and the proceeds cover the costs of health.

What are the Medicare Trust Funds?
Medicare is paid for through two trust fund accounts held by the U.S. Treasury. These funds can only be used for Medicare.

1. Hospital Insurance (HI) Trust Fund
What does it pay for?
¦¦Medicare Part A (Hospital Insurance) benefits, such as inpatient hospital care, skilled nursing facility care,
home health care, and hospice care

¦¦Medicare Program administration, such as costs for paying benefits, collecting Medicare taxes, and combating fraud and abuse

How is it funded?
¦¦Payroll taxes paid by most employees, employers,
and people who are self-employed

¦¦Other sources, such as income taxes paid on Social Security benefits, interest earned on the trust fund investments, and Part A premiums from people who aren’t eligible for premium-free Part A

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To: The Jack of Hearts who wrote (88979)4/11/2012 8:36:10 AM
From: elmatador
2 Recommendations   of 122189
 
Pension funds were devised for a time investments returns were guaranteed by the old form of capitalism.

Starting early 80s, when private equity gave rise for a new form of capitalism, economy faced a volatile investment climate in which there weren't any guarantees.

But people -ordinary people- did not perceive that the economy has changed. The economy had become much more complex but ordinary people continued holding the same beliefs that government and economic agents were taking care of their interests.

Today they are waking up for the reality that the whole superstructure built during the old capitalism heyday crumbled and there is nothing new to supersede it. Meaning: they will be on their own.

Always make the connection between what is happening today and correlate it with the old form of capitalism that vanished in the 80s.

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To: elmatador who wrote (88981)4/11/2012 8:40:29 AM
From: The Jack of Hearts
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Appears some unrealistic expectations were set on the upswing... Pension bailouts ensue ?

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From: 2MAR$4/11/2012 8:42:42 AM
   of 122189
 
wsj<>China May Let Firms Borrow Yuan Offshore

http://online.wsj.com/article/SB10001424052702304444604577337282981385726.html?mod=rss_whats_news_us_business

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To: elmatador who wrote (88980)4/11/2012 8:45:39 AM
From: Metacomet
1 Recommendation   of 122189
 
This system is preferable, assuming it is a goal of government to protect the health of its citizens, an objective which is not of interest to major factions of the US electorate

The healthcare in Brazil is provided by both private and government institutions. The Minister for Health and Ageing administers national health policy. Primary health care remains the responsibility of the federal government, elements of which (such as the operation of hospitals) are overseen by individual states. Public health care is provided to all Brazilian permanent residents and foreigners in Brazilian territory, and is free at the point of need (being paid for from general taxation).




As far as taxation to pay for it, there is little doubt that the sum of ones taxes plus for profit health insurance premiums in the US, exceeds by far what residents of modern democracies pay for health care

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From: elmatador4/11/2012 8:50:02 AM
   of 122189
 
what the outcomes will be:

Rich countries will become unfair as they'll selectively assign entitlements to people based on their capacity to reach them.

--government employees will hog most of the entitlements.

There will be a 'cost USA' *, i.e., a cost the whole economy will carry to support the population.

-- the country less competitive vis a vis other countries that have lower costs.

The US will be a much more divisive society and more difficult to govern as all segments of population compete for a shrinking pool of resources.

These polarizations within society is already seen in the rich vs poor in terms of taxation. But there will be much more in the future. Blame Wall Street and bankers.

Americans will not likely support a war if its costs are to be felt immediately by the population.


* When I use the term 'cost USA', you can pout cost japan 'cost South Korea', 'cost UK', 'cost France', 'cost Germany'

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