Germany has approached Greece and said "We'll take your debt for your islands."

This raises the question about the US debt. It has become quite apparent that the US can't pay it's ever rising debt so what will they sell? Could this be the new trend selling your land to countries that you owe??

[URL]http://www.thelocal.de/politics/20100304-25667.html[/URL]

A Russian professor has proposed what the US will look like after the collapse.

[IMG]http://strangemaps.files.wordpress.com/2009/05/panarin-us-break.jpg?w=500&h=391[/IMG]

Re: Greece Told to Sell Island for Debt - America's Future?

the map above seems rather extreme :lol:

Re: Greece Told to Sell Island for Debt - America's Future?

I know I think Alaska should go to Canada..:lol:

Re: Greece Told to Sell Island for Debt - America's Future?

:lol:

Let's start with the Virgin Islands and Jersey

Re: Greece Told to Sell Island for Debt - America's Future?

Greece €300 Billion US $12 Trillion

I think you are underestimating your debt position Pickle. Wait until the hedge funds and speculators attack the US dollar as they did Greece. You will see dramatic declines in the dollar

Re: Greece Told to Sell Island for Debt - America's Future?

I recon China will get all the US

Re: Greece Told to Sell Island for Debt - America's Future?

RM you seem to be so pumped and ready and waiting for the US to take a huge dump because it will be a huge victory against the Evil Empire, but don't you think this will have a huge impact on the Canadian economy also?

[B]Canadian Main export partners[/B] [URL="http://en.wikipedia.org/wiki/United_States"]U.S.[/URL] 78.9%, [URL="http://en.wikipedia.org/wiki/United_Kingdom"]UK[/URL] 2.8%, [URL="http://en.wikipedia.org/wiki/People%27s_Republic_of_China"]China[/URL] 2.1% (2007)

The US is responsible for importing 80% of Canadian goods. What do you think will happen if this just stops happening? Canada also shares the worlds largest unsecured border with us. Don't you think if us po' US citizens are standing in breadlines and going broke and dying in the streets that we won't just cross that border and come work in Canada for 1/5th the wage our Canadian counterparts are doing so that we can survive, thus driving Canadian employees out of their jobs? This sounds plausible doesn't it?

:You thin:

Re: Greece Told to Sell Island for Debt - America's Future?

why do you get the impression that I am rooting for the US to fail? It is just so easy to see that almost every decision made over the last 20 years has been to wreck the USA. From Clinton on to Obama.

I start these threads to bring light on these subjects. That is why ehenever anyone goes " Runningman why do you care so much about what the US does?" Your post answers that doesn't it?

Re: Greece Told to Sell Island for Debt - America's Future?

[QUOTE=runningman;842580]why do you get the impression that I am rooting for the US to fail? [/QUOTE]

Perhaps it's because we can see you drooling with anticipation as you type these doomsday posts, and act giddy when something happens that you think validates one of your predictions?

Re: Greece Told to Sell Island for Debt - America's Future?

[URL]http://www2.gsb.columbia.edu/faculty/jstiglitz/download/2010_Barrons_Intvu.pdf[/URL]

Re: Greece Told to Sell Island for Debt - America's Future?

[QUOTE=toasty;842593]Perhaps it's because we can see you drooling with anticipation as you type these doomsday posts, and act giddy when something happens that you think validates one of your predictions?[/QUOTE]

Well who doesn't like being right? I wish I could say the economy is going to grow 6% and we are all going to make a lot of money. That would be really sweet. But negative news is the only thing happeneing. I said I would change my tune once I felt the tides changed but I haven't seen that happen yet. Believe me I want to be more optimistic. I have a kid on the way and the only thing I think about is "how the hell am I going to make more money."

Re: Greece Told to Sell Island for Debt - America's Future?

Great talk with Greece Prime Minister George Papandreou and Charlie Rose tonight...It was interesting to learn that Papandreou was born in Minnesota, his dad taught school in America as well...

Communication is clearly one of his strong suits, you will notice from the interview:

[CENTER][URL="http://www.charlierose.com/view/interview/10900"][B]INTERVIEW LINK[/B] [/URL][/CENTER] [U][B][/B][/U]

Re: Greece Told to Sell Island for Debt - America's Future?

[QUOTE=runningman;842627] But negative news is the only thing I perceive to be happening[/QUOTE]

/Fixed ;)

[FONT=Arial][SIZE=2]Mar 10, 2010 (AdviceTrade via COMTEX) -- by Jack Steiman, [URL="http://www.swingtradeonline.com/"]www.SwingTradeOnline.com[/URL] an AdviceTrade.com publication

But won't forever in my humblest of opinions. We could very well pull back from here due to being overbought on th e daily charts but in the end, I don't think the bears will be able to hold the S&P 500 from joining its brothers and sisters on taking out major resistance. There is money rotating and not leaving this market and that's always the number one sign of a market under accumulation. If a market is in bad shape, or distribution, then sector by sector starts to fail and lose support. In this case, we are seeing the opposite take place as sector by sector is being defended at support with rotational money coming in. (See Banking Index Chart (BKX) that shows a strong move in the Banks today, which are breaking out of an 8-month base this week. Bank of America (BAC) up 1.85%, Wells Fargo (WFC) up 2.04%, Citigroup (C) up 3.66% and Goldman Sachs Group (GS) leading the way with a 1.83% increase today.)

[B]As long as this continues, and there's nothing indicating it won't, then we will be able to climb higher and get the S&P 500 over 1151 with force, which, of course, is critical to a breakout being for real. A small move over that churns is not what you want to see. You need to see a move over critical resistance and then you need to see that move up run hard and fast on big volume to confirm that it's for real.[/B]

We came in to today at overbought and ready to pull back. The futures were red overnight but started to come back up, moving to basically neutral as the day began. After churning some, we saw the bulls get braver and braver and thus the S&P 500 started making yet another run at 1151, falling just a few points shy at the highs. The Dow sold off a few times during the day and finished flat but the S&P 500 was up nicely as was the Nasdaq when all was said and done. The Nasdaq led all day and once again this shows a sign of real strength.

The Nasdaq is on a blue sky breakout thus the selling is coming at smaller rates and being bought up rapidly. We saw this quite a few times today. The Dow has been the biggest laggard of all and we saw this action hold true all day today, even when it was in the green. Basically, the Nasdaq is carrying the rest of the market on its shoulders and that was definitely the case all day today. Good action for the day overall but still no confirming breakout over 1151 S&P 500.

Sentiment is one of my favorite indicators as you know by now. Today, we got the update on that very subject and even with the recent gains in the market, bullish sentiment rose by only 1.9% since last week. The bull bear spread is now 21.3% and it usually takes over 35% before a reversal takes place. There are still just enough non believers to go around to keep this market heading higher overall. The numbers are now at 44.9% bulls and 23.6% bears for that 21.3% differential.

Leaders are continuing to hold strong bids and that's also a critical factor in understanding a markets true strength .[B] The best news is that the secondary stocks and on down the line are also participating. New highs are rocking. New lows are dead. The advance decline line is wonderful. All the things you need to see that says things are healthy are taking place.[/B] Of course, things can always turn overnight but it's of the utmost importance that one never fights the message being sent in the moment. [B]Yes, we have gone nowhere for a while overall on the S&P 500 and we really do need that breakout but I don't think it's too far away from becoming a reality.[/B]

Peace,

Jack

Jack Steiman is author of SwingTradeOnline.com ([URL="http://www.swingtradeonline.com/"]www.swingtradeonline.com[/URL]). Former columnist for TheStreet.com, Jack is renowned for calling major shifts in the market, including the market bottom in mid-2002 and the market top in October 2007. Sign up for a Free 21-Day Trial to SwingTradeOnline.com! ([URL]https://www.swingtradeonline.com/reg/AT[/URL])[/SIZE][/FONT]

Re: Greece Told to Sell Island for Debt - America's Future?

In essence the economies recovery is going to be shaped like a bowl, in which it goes down, levels out and then slowly gets better... we are in the leveling out process now.

Re: Greece Told to Sell Island for Debt - America's Future?

we have already levelled out. a correction is coming. Sovereign debt is the name of the game.

March 11 2009 DJIA - 6,900 March 11 2010 DJIA - 10,567

Nothing goes straight up unless inflation.

Time will tell though

Re: Greece Told to Sell Island for Debt - America's Future?

Toronto Stock Exchange:

March 11 2010 TSX: 11,923.61 March 11 2009 TSX: 8,011.02

Re: Greece Told to Sell Island for Debt - America's Future?

I consider myself bamboozled :shock:

Re: Greece Told to Sell Island for Debt - America's Future?

[QUOTE=runningman;842353] A Russian professor has proposed what the US will look like after the collapse.

[IMG]http://strangemaps.files.wordpress.com/2009/05/panarin-us-break.jpg?w=500&h=391[/IMG][/QUOTE]

lmao, umm, ok

Re: Greece Told to Sell Island for Debt - America's Future?

Having lived in Southern California for 10 years, I can tell you that it's [I]already[/I] under German influence :lol:

Re: Greece Told to Sell Island for Debt - America's Future?

Hopefully some of their delicious booze has made its way there at a good price.

Re: Greece Told to Sell Island for Debt - America's Future?

reso as much as you love to compare canada and the us, the world economy isn't dependant on the canadian economy.

and yes it will suck for canada as well.

Re: Greece Told to Sell Island for Debt - America's Future?

The Toronto Stock Exchange (TSX), a subsidiary of the TMX Group Inc., is the largest stock exchange in Canada, the third largest in North America and the eighth largest in the world by market capitalization. :?:

Re: Greece Told to Sell Island for Debt - America's Future?

Steve you might be surprised how fast empires actually decline once they start going down hill.

[URL]http://www.informationclearinghouse.info/article24949.htm[/URL]

Yes Reso and as i said the world isn't dependant on it like the US

Re: Greece Told to Sell Island for Debt - America's Future?

:runningman:

Re: Greece Told to Sell Island for Debt - America's Future?

[QUOTE=runningman;842910]Steve you might be surprised how fast empires actually decline once they start going down hill.

[URL]http://www.informationclearinghouse.info/article24949.htm[/URL]

Yes Reso and as i said the world isn't dependant on it like the US[/QUOTE]

nothing surprises actually, but you can't honestly sit there with a straight face and think something like that diagram will actually happen.. honestly

I mean, I don't agree with much of what you post here, don't take that personally, I don't really get involved in a lot of this crap that's way beyond my control anyway, and you do typically try to support your points with what you believe is valid data, I'll give you that.. BUT, if you truly believe that this is the path things are actually taking and this is an actual possibility.. I'm sorry, you've lost 100% of my respect of your points of view.. but keep the comedy coming

Re: Greece Told to Sell Island for Debt - America's Future?

no I don't perticularly believe that map I just posted it because someone out there does and I thought it would be kind of an eye opener about what happens when you can't pay debts.

Basically it went well with the Greece story about selling the islands. Also why do you completely rule it out? I mean do you think the US will be the empire forever?

I think eventually the rest of the world will catch up to the US. Meaning the US will have a lower standard of lliving and the world will have a higher standard of living (Equal standard of living)

Re: Greece Told to Sell Island for Debt - America's Future?

^that was so incredibly broad sweeping :roflmao:

and I disagree.

Re: Greece Told to Sell Island for Debt - America's Future?

got it

Re: Greece Told to Sell Island for Debt - America's Future?

you don't think the world will catch up to the US? Why? You don't think the world deserves it?

Re: Greece Told to Sell Island for Debt - America's Future?

no one deserves to be as fucked up as this country is becoming

Re: Greece Told to Sell Island for Debt - America's Future?

[QUOTE=runningman;842942]you don't think the world will catch up to the US? Why? You don't think the world deserves it?[/QUOTE]

Sounds like a personal issue to me.

/just sayin

Re: Greece Told to Sell Island for Debt - America's Future?

The US is already 13th on the list, not no1 if thats what you are trying to get at...

[url]http://en.wikipedia.org/wiki/Quality-of-life_index[/url]

Re: Greece Told to Sell Island for Debt - America's Future?

I was referring to consumption. You guys don't have to consume all the goods anymore. The world would like some.

Personal Issue?? HAHA ya right Florida.

Re: Greece Told to Sell Island for Debt - America's Future?

Everyone knows that honor is going to China.

Re: Greece Told to Sell Island for Debt - America's Future?

[QUOTE=runningman;842910]Steve you might be surprised how fast empires actually decline once they start going down hill.

[URL]http://www.informationclearinghouse.info/article24949.htm[/URL]

Yes Reso and as i said the world isn't dependant on it like the US[/QUOTE]

I can see why Niall Ferguson was being extensively quoted in that article above, he does hold a position at Harvard, but also in the wikipedia article about him:

[quote] He is best known outside academia for his [URL="http://en.wikipedia.org/wiki/Historical_revisionism"]revisionist[/URL] views rehabilitating [URL="http://en.wikipedia.org/wiki/Imperialism"]imperialism[/URL] and [URL="http://en.wikipedia.org/wiki/Colonialism"]colonialism[/URL]; within academia, his championing of [URL="http://en.wikipedia.org/wiki/Counterfactual_history"]counterfactual history[/URL] is a subject of some considerable controversy.[/quote]

[quote] [B]Counterfactual history[/B], also sometimes referred to as [B]virtual history[/B], is a recent[[I][URL="http://en.wikipedia.org/wiki/Wikipedia:Citation_needed"]citation needed[/URL][/I]] form of [URL="http://en.wikipedia.org/wiki/Historiography"]historiography[/URL] which attempts to answer "what if" questions known as counterfactuals.[URL="http://en.wikipedia.org/wiki/Counterfactual_history#cite_note-counterfact-0"][1][/URL] It seeks to explore history and historical incidents by means of extrapolating a timeline in which certain key historical events did not happen or had an outcome which was different from that which did in fact occur.[/quote]