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laguna_b

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We are heading into the greatest financial crisis since the Great Depression and could really use a leader who didn't think that feeding the Military Industrial Complex and Gay Marriage were the most critical issues. This guy surely has a solid financial head on his shoulders and as we face the energy crisis that is looming, this is the guy who would be credible to make massive changes in direction. Maybe I don't know the real man but it seems to me that every day that the campaign runs I lose more respect for every candidate.

The Euro is taking off and there is no stopping it. When no one will buy our worthless paper and gas is $10/gallon then Americans will either move positively forward under a leader or fall for demagoguery and fear like the past 7 years.

I know I have my money in alternative energy and am doing just fine. I just wish they were Euro based stocks.

Why don't more see the truck coming? I guess Fox & CNN keep em mesmerized....


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laguna_b

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Euro $1.47 and counting......

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JimDavis

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Reply with quote  #3 
Two reasons Bloomberg won't be elected President:
 
1. He is now an Independent; therefore, he would have
to run as a third party candidate.  Remember Presidents
Perot, Anderson, Nader, Wallace??  Neither do I.

2. He is, frankly, Jewish.  A Jewish Vice-President is one thing, a Jewish President is quite another.
 
Yes, the country has changed: the Democrats may
elect a woman, or an African-American.  The Republicans
may elect an Italian or a Mormon.  But none of them
are Jewish.  And religion still plays a major part in
the American voters thinking: people are questioning
Obama and Romney about their faith, & Rudy about
his morality (3 wives).
 
I just don't see Bloomberg as a viable candidate: too
bad because he has much to offer.
 
SAMMY67
 

laguna_b

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Sammy,
Interesting your comments....quality is one thing, viability another. I don't necessarily disagree with you but imagine Guiliani, Clinton, Bloomberg....the first two are kind of party regulars. If, as I suspect, we could slip into a financial morass  in the next year, as is likely...do you think Americans can think outside the box and cast off the old style?  I bet we are in for some surprises...but your logic may still prevail.

Barry


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jcapela

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Quote:
Originally Posted by laguna_b
Euro $1.47 and counting......


I would not ivest in Euro based stocks at this time.... the value of the currency is at an all time high... and you know the saying.. what goes up will eventually come down...  I have some economics colleagues and they say that the Euro is a bit over valued... and is causing problems  in Europe... so I would stay away from them....



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laguna_b

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Reply with quote  #6 
John,

Your friend is a rare find these days. All the indicators are seriously bearish on the dollar. Currency value imbalance is always disruptive but that doesn't make is self correct. There are no factors I am aware of that would push the dollar anywhere but lower:
1 - Falling US interest rates vs rising euro interest rates (the cost of the currency implies value) And a recession fearing Fed with few options.
2 - Current accounts deficit.
3 - Trade deficit.
4 - HUGE accumulated US debt both public and private ( gotta borrow from somewhere) Zero savings rate
5 - Desire for many major suppliers to switch from dollars to euros to stem losses due to currency.
6 - What I always come back to....T - bill holders overseas see far greater depreciation of asset than gain through interest when the dollar is dropping.

A cheap dollar does not make the USA more competitive, having superior and innovative products does that. That is a big reason why the Euro zone has a trade surplus.

Americans refusal to recognize their drug dependency (oil) and how it is depleting their national treasure is fueled by an accommodating Fed more than willing to print more dollars.

We are living in Wonderland.

Barry

PS A weak dollar means I have to make money faster to buy my Paris apartment, so I don't like it. I predict we will see 2:1 with a year.


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Andrea

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This week's issue of NEW YORK MAGAZINE features Bloomberg on the cover and asks the same question - will he run? 




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Andrea DeBergalis 67
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2. He is, frankly, Jewish.  A Jewish Vice-President is one thing, a Jewish President is quite another.
 
I agree religion plays a big part in our choice for President.  But Judaism is considered a main stream religion while Mormonism isn't.  I think a Jewish candidate has a much better chance of winning an election over a Mormon which many consider to be a cult.  A Jewish Vice-President does have a chance to become President.  Anything happens to our President; he's next in line as we all know. 


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laguna_b

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Reply with quote  #9 
I agree...but cult vs. church is all perception. In Utah they think their church mainstream. It is all a matter of what you are used to.

In a match of Romney vs. Bloomberg, I think Bloomberg would not be seen as a  "religion" candidate. I must confess, I do not know if he is a Zionist. The last thing we need is to have a Jewish president who is seen as pawn of Israel. We already have enough non-Jewish ones for that. The idea is to quiet the rhetoric before someone gets hurt, not throw more gasoline on the fire.

IMHO in the remaining batch of candidate losers, Romney seems the most willing to say the stupidest things. Of all the remaining candidates, I think he would make the worst president.

At this rate, if the campaign were to continue another year with the steady decline in candidate quality, I might be convinced we were better off keeping the chimp.



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MrsSlocum

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Reply with quote  #10 
I must confess, I do not know if he is a Zionist.

I did some research on the Internet and could not find any info saying that Mayor Bloomberg is a Zionist.  But he is an Eagle Scout!

He did receive Hadassah's (women's Zionist organization) highest honor in July of 2007.  He and his sister endow a fund to send teens to an upstate NY camp that is part of a Zionist Youth movement. 

In September 2005, Rabbi Yitzchok Fisher gave herpes to 3 infants after a ritual circumcision which involves a ritual called metzitzah b'peh.  Health department told Rabbi he couldn't perform the oral part of the circumcision and Mayor Bloomberg said it wasn't a public health issue but a religious one.  It was an election year and the Orthodox Jews vote in blocks.  Don't know if this makes Mayor Bloomberg a Zionist but he wasn't losing all those votes out of Brooklyn. 

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laguna_b

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Quote:
Health department told Rabbi he couldn't perform the oral part of the circumcision


Geez, and we thought priests playing with altar boys was a bad deal! What does this "oral" involve?

Seriously, I wish it was possible to openly talk about our "special relationship" with Israel and the fact that this was the reason, not attacking "American Freedom" for 9/11. If most Americans are willing to sacrifice their security for unquestioned support of Israel then they make an informed decision and deal with the consequences. I just don't want another  hyper-Zionist like Leiberman whose first loyalty is clearly to Israel and not the USA, as president. Of course you don't have to be Jewish to be a Zionist or for that matter, there are Israelis who are not.

This could seriously flaw my view of Bloomberg.

In any case thanks for the info.


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JimDavis

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Reply with quote  #12 
Yes, of course, a Jewish Vice-President can become President upon the death of the President.  But, regardless of the fact that since 1945 four VPs have
become President (but only two through death,) the American voter tends to not
greatly consider the VP candidate when choosing their
President.  It is an assumption that the President will serve a full term.
 
As for whether or not the USA is ready to elect a Jewish
President, consider the fact that although the Gore/
Lieberman ticket won the popular vote in 2000, Lieberman in his 2004 run for President didn't even
come close to winning the Democratic nomination.

SAMMY67
 
 
 
 

laguna_b

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Reply with quote  #13 
Quote:
Lieberman in his 2004 run for President didn't even
come close to winning the Democratic nomination.


He lost that on his OWN merits unrelated to being Jewish.


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jcapela

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Reply with quote  #14 
For the record, I am non-commital about a Bloomberg presidency.... but one of the good things is that he has enough of his own money, that he would not have to do any fundraising and then not be beholden to any group.

He financed his entire campaigns for Mayor with his own monies, and then can do or make decisions in what he might view as the best interest of the city and not just to pacify any particular group who geve him some funds.

He would run the country like a business ......  but he is also very pro-Israel....  and that might create some problems, if here to get involved in any sort of negotiations in the middle east dealing with the Palestinian issues....

I would just add....I do not think he would be any worse that a lot of the current list of candidates ....... 

Personally, I am tired of saying that our president is a Clkinot or Bush...

We had 4 years of George Bush (the father)... then eight years of Clinton the Husband.... the eight years of Bush (the son)........ doe it not scare you to think that we could now wind up with 8 years of Clinton the Wife...... !!!!!

Is their not someone whose last name is not Bush or Clinton who wants and can be President ......



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John Capela '65
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Reply with quote  #15 
RON PAUL!!!!
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