Post
Topic
Board Economics
Re: Why no info about how serious are USA financial situation now ?
by
ChiBitCTy
on 24/02/2024, 11:32:03 UTC
So many ridiculous posts here. I think most coming from non-US citizens who have not a clue.  The U.S. financial market on brink of collapse? “To happen soon”. Lol where the fuck do you come up with this kinda shit. Also what is the US financial system anyhow? That could encompass countless things, largely NOT controlled directly by the government. The U.S. dollar is not in jeopardy of losing the world’s reserve currency status. The Fed Reserve, appointed by but NOT controlled by the U.S. president, branches of the US government, or Congress nor are funded by them, set monetary policies, interest rates, oversight of banking systems etc.  The U.S. Treasury, not the central bank like other nations, prints money, among other things. The president, branches of Gov, Congress etc all have limited say in much of the financial system, by design and countless “Acts” enacted over many many years designed to combat and take control out of few hands and in to many different ones. The SEC oversees the U.S. stock market, INDEPENDENT of the federal government.  Considering the U.S. economy is the world’s leading  economy and wont be challenged anytime remotely soon a financial collapse is, um, not happening soon. If it did? It would destroy the worlds economy right with it.

Take a look at the U.S. stock market compared to every other country,, perhaps there’s a reason why it’s so far and beyond the rest of the world in terms of market caps and company valuations across most sectors.  If you know anything about the financial markets (US at all time highs atm, after a sizable downturn /correction 1.5-2 years ago) you know the US equites and bond markets are the worlds best in terms of performance and safety /security.  Again US having the most debt means one thing, belief from the rest of the world that they’ll pay it back and on time, above any other nation. Borrowing is better than using your own money if you do it right, any day of the week,

 U.S.companies HAVE to report ALL financial news (good or bad)  4 times a year if they’re public. The Gov doesn’t directly control this the SEC does, I live in Illinois, it’s no secret my state is struggling in large part due to our pension budget deficit, the nations worst thanks to corruption of the STATE government officials of now and years past- https://www.illinoispolicy.org/illinois-pension-debt-grows-2-6-billion-in-2023-mainly-to-cover-raises/ . State deficits have everything to do with State issued debt instruments (bonds) and nothing to do with US treasury bonds. The agencies that control the financial systems are required to publicly report everything and Congress will shut down in bad times, also not kept a secret from the rest of the world lol.

How do I know this ? 20 years as an advisor, governed by FINRA, under SEC regulation and working with and around the different independent agencies discussed above,

America isn’t the world’s “best” country by a long shot, but its economy, currency , debt instruments /security markets are and it’s not debatable as it’s all public knowledge.  

Do some homework people or at minimum provide some sort of proof to your idiotic claims.