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| *Anarcissie*... |
Posted: Fri Nov 06, 2009 11:15 am |
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Guest
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Looks to me like spreading funny money around can't
generate employment. No employment, no wages; no
wages, no consumption; no consumption, no business;
no business, no employment. But you knew that already.
We may be reaching the end of the funny-money era,
although it would not surprise me if our lords and masters
and their tame geniuses gave it another shot or two
regardless of the lack of positive results. They
probably don't know what else to do.
So, how much further will the funny money go, and
then what's next? |
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| Dänk 1010011010... |
Posted: Fri Nov 06, 2009 11:32 am |
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On Nov 6, 2:15 pm, "*Anarcissie*" <anarcis... at (no spam) gmail.com> wrote:
Quote: Looks to me like spreading funny money around can't
generate employment. No employment, no wages; no
wages, no consumption; no consumption, no business;
no business, no employment. But you knew that already.
We may be reaching the end of the funny-money era,
although it would not surprise me if our lords and masters
and their tame geniuses gave it another shot or two
regardless of the lack of positive results. They
probably don't know what else to do.
So, how much further will the funny money go, and
then what's next?
I just got back from Serbia, and picked up a nice set of 1993-series
Yugoslavian banknotes with denominations ranging all the way up to
500,000,000,000 dinars. The 1993 series lasted three months before
being replaced by the 'revalued' 1994 series which chopped 9 zeroes
off, and still suffered from hyperinflation so bad it was replaced a
month later with a new dinar that was pegged to the Deutsche Mark.
The current Serbian dinar is unpegged to other currencies, but seems
to be relatively stable for the time being.
Then there is my own experience with hyperinflation as a kid growing
up along the border with Mexico. I watched as that country's economy
collapsed, and the corrupt ruling party began printing pesos to pay
the bills, causing hyperinflation (though not nearly as bad as
Yugoslavia) which destroyed the life savings and wages of average
Mexicans (the fabulously wealthy ruling elite was unaffected, since
they kept most of their wealth in hard-currency offshore accounts).
The ruling party's favorite trick was to give away 'free' money to
purchase political support at election time, then print new money to
replace it, causing the net purchasing power of the people to decline
so they wound up being worse off than before.
http://en.wikipedia.org/wiki/Yugoslav_dinar |
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| phil scott... |
Posted: Fri Nov 06, 2009 3:33 pm |
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Guest
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On Nov 6, 1:15 pm, "*Anarcissie*" <anarcis... at (no spam) gmail.com> wrote:
Quote: Looks to me like spreading funny money around can't
generate employment. No employment, no wages; no
wages, no consumption; no consumption, no business;
no business, no employment. But you knew that already.
We may be reaching the end of the funny-money era,
although it would not surprise me if our lords and masters
and their tame geniuses gave it another shot or two
regardless of the lack of positive results. They
probably don't know what else to do.
So, how much further will the funny money go, and
then what's next?
look to history for that answer.... its a repeating cycle.. for a
superb long cycle discussion
(260 year life cycle of nations) see Dr Ravi Batra's book the
comming depression 1990
we are in the final phase of that cycle,... collapse from the last
peak (we just went though that 15 years ago, runs about 20 years,,,
with the final implosing taking just days,
the book plots the drivers for these long cycles,,, human nature, we
start strong, get fat and lazy then corrupt, the elect idiots, then
ruin our currency with corruption then attempt to recover by war and
seizing others assets land or oil etc.... then the counter attack on a
three hundred sixty degree perimeter takes the nation out. loss of
empire, though the nation itself still sits in the same land
Phil scott |
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| *Anarcissie*... |
Posted: Fri Nov 06, 2009 5:10 pm |
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On Nov 6, 6:24 pm, Michael Coburn <mik... at (no spam) verizon.net> wrote:
Quote: On Fri, 06 Nov 2009 13:15:51 -0800, *Anarcissie* wrote:
Looks to me like spreading funny money around can't generate employment..
No employment, no wages; no wages, no consumption; no consumption, no
business; no business, no employment. But you knew that already.
We may be reaching the end of the funny-money era, although it would not
surprise me if our lords and masters and their tame geniuses gave it
another shot or two regardless of the lack of positive results. They
probably don't know what else to do.
So, how much further will the funny money go, and then what's next?
The rightarded seem to lack for any solutions at all. Lots of spinning
and whining and not even a hint of any solutions to the problem. Very
similar to health care. Nothing in the way of positive policy. Just
whining.
The American dollar must be devalued much further than is the case right
now. There is no other solution to the problem of middle class decay in
the United States. We are the only country in the G20 that has a large
trade deficit. And that deficit is because the American dollar is still
far too strong. Jobs will not return to America until we stop the glut
of free trade by a combination of minor protectionism and dollar
devaluation. That same devaluation if accomplished via increased wages
and social welfare will also fix the Housing/credit problem. Bailing out
banks is not the solution. Bailing out manufacturing of any kind is
advisable and so to are minor tariffs and policies that insist on
stimulus money being used to "buy American" (or at least to buy NORTH
American).
Inflating the money seriously would generally tax those on
fixed incomes and those with savings accounts and the
like tied to currency values, that is, poor people. I suppose
this would loosen up a certain amount of value, but I can't
see that it would fix the large structural problems caused
by deindustrialization and years and years of inflated
credit. One might also want to recall the results of the
inflation in Germany in the 1920s -- there is no particular
reason to believe that, if the savings and pensions of the
working and middle classes are wiped out, they will take
the blow passively.
There is also the problem of the huge debts owed to
foreigners which must be refinanced from time to time.
If a policy of strong inflation goes into effect, the interest
rates won't be pretty. |
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| Rod Speed... |
Posted: Fri Nov 06, 2009 6:16 pm |
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Anarcissie wrote
Quote: Looks to me like spreading funny money around can't generate employment.
Corse it can, it obviously depends on how its spread around.
And avoiding another great depression or worse certainly prevents the
unemployment rate hiking to the levels we saw in the last one or worse.
Quote: No employment, no wages;
There is always employment, even during the great depression.
While say 25% were unemployed, thats still 75% employed, getting wages.
Never happens. Even when some countrys lost a word war that didnt happen in those countrys.
Quote: no consumption; no consumption, no business; no business, no employment.
Never happens. Even when some countrys lost a word war that didnt happen in those countrys.
Quote: But you knew that already.
Its just cloud cuckooland stuff, nothing like what actually happens in the real world.
Quote: We may be reaching the end of the funny-money era,
Nope, in fact there is a hell of a lot more funny money around than there was before
those clowns completely imploded the entire world financial system, AGAIN.
Quote: although it would not surprise me if our lords and masters
We dont have any of those anymore in the great democracys.
Quote: and their tame geniuses gave it another shot
or two regardless of the lack of positive results.
They probably don't know what else to do.
What they have done has been quite effective.
Damned sight more effective than anything you yourself have proposed.
Quote: So, how much further will the funny money go,
For as long as it takes.
Quote: and then what's next?
World economys will recover, just like they always do.
And we wont need another world war to get that this time, you watch. |
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| Michael Coburn... |
Posted: Fri Nov 06, 2009 6:24 pm |
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Guest
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On Fri, 06 Nov 2009 13:15:51 -0800, *Anarcissie* wrote:
Quote: Looks to me like spreading funny money around can't generate employment.
No employment, no wages; no wages, no consumption; no consumption, no
business; no business, no employment. But you knew that already.
We may be reaching the end of the funny-money era, although it would not
surprise me if our lords and masters and their tame geniuses gave it
another shot or two regardless of the lack of positive results. They
probably don't know what else to do.
So, how much further will the funny money go, and then what's next?
The rightarded seem to lack for any solutions at all. Lots of spinning
and whining and not even a hint of any solutions to the problem. Very
similar to health care. Nothing in the way of positive policy. Just
whining.
The American dollar must be devalued much further than is the case right
now. There is no other solution to the problem of middle class decay in
the United States. We are the only country in the G20 that has a large
trade deficit. And that deficit is because the American dollar is still
far too strong. Jobs will not return to America until we stop the glut
of free trade by a combination of minor protectionism and dollar
devaluation. That same devaluation if accomplished via increased wages
and social welfare will also fix the Housing/credit problem. Bailing out
banks is not the solution. Bailing out manufacturing of any kind is
advisable and so to are minor tariffs and policies that insist on
stimulus money being used to "buy American" (or at least to buy NORTH
American).
--
"Those are my opinions and you can't have em" -- Bart Simpson |
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| Rod Speed... |
Posted: Fri Nov 06, 2009 6:47 pm |
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Michael Coburn wrote
Quote: Anarcissie wrote
Looks to me like spreading funny money around can't generate
employment. No employment, no wages; no wages, no consumption; no
consumption, no business; no business, no employment. But you knew
that already.
We may be reaching the end of the funny-money era, although it would
not surprise me if our lords and masters and their tame geniuses
gave it another shot or two regardless of the lack of positive
results. They probably don't know what else to do.
So, how much further will the funny money go, and then what's next?
The rightarded seem to lack for any solutions at all.
Thats a lie. Even the shrub did quite a bit, and the half
white fella mostly just continued with what he had done.
Quote: Lots of spinning and whining and not even a hint of any solutions to the problem.
Another lie.
Quote: Very similar to health care. Nothing in the way of positive policy. Just whining.
Thats more accurate.
Quote: The American dollar must be devalued much further than is the case right now.
Not even possible when the RMB is loosely locked to the USD.
Quote: There is no other solution to the problem of middle class decay in the United States.
There is no decay of the middle class, thats another lie.
Quote: We are the only country in the G20 that has a large trade deficit.
Another bare faced lie.
Quote: And that deficit is because the American dollar is still far too strong.
Another bare faced pig ignorant lie.
And since the RMB is loosely locked to the USD, even a very dramatic
devaluation of the USD wont change that trade deficit anyway, in fact
it will make the trade deficit with oil MUCH worse.
Quote: Jobs will not return to America until we stop the glut of free trade
by a combination of minor protectionism and dollar devaluation.
Another bare faced pig ignorant lie.
The unemployment rate bottomed at 4.x% and the number employed hit an all
time historic high with an immense legal and illegal immigration rate, just before
you clowns completely imploded the entire world financial system, AGAIN.
Quote: That same devaluation if accomplished via increased wages
and social welfare will also fix the Housing/credit problem.
Another bare faced pig ignorant lie.
Quote: Bailing out banks is not the solution.
Letting them all go bust would absolutely guarantee another great depression or worse.
Quote: Bailing out manufacturing of any kind is advisable and so to are
minor tariffs and policies that insist on stimulus money being
used to "buy American" (or at least to buy NORTH American).
That approach fucked the economy the last time the clowns were stupid enough to try it. |
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| Rod Speed... |
Posted: Fri Nov 06, 2009 9:15 pm |
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phil scott wrote
Quote: Anarcissie <anarcis... at (no spam) gmail.com> wrote
Looks to me like spreading funny money around can't
generate employment. No employment, no wages; no
wages, no consumption; no consumption, no business;
no business, no employment. But you knew that already.
We may be reaching the end of the funny-money era,
although it would not surprise me if our lords and masters
and their tame geniuses gave it another shot or two
regardless of the lack of positive results. They
probably don't know what else to do.
So, how much further will the funny money go, and then what's next?
look to history for that answer.... its a repeating cycle.. for a
superb long cycle discussion (260 year life cycle of nations)
see Dr Ravi Batra's book the comming depression 1990
That fool has never ever had a fucking clue about anything at all, ever.
Not only didnt we get a depression in 1990, we didnt even get one just recently
when the clowns completely imploded the entire world financial system, AGAIN.
Quote: we are in the final phase of that cycle,...
Nope.
Quote: collapse from the last peak
There has been no collapse from any peak.
Quote: (we just went though that 15 years ago,
Bare faced pig ignorant lie. We actually saw the longest boom in history instead.
Quote: runs about 20 years,,, with the final implosing taking just days,
That has never EVER happened. NOT ONCE.
Quote: the book plots the drivers for these long cycles,,,
He couldnt even get the basics right.
Quote: human nature, we start strong, get fat and lazy then corrupt, the
elect idiots, then ruin our currency with corruption then attempt to
recover by war and seizing others assets land or oil etc....
You cant list even a single example of that ever happening.
Quote: then the counter attack on a three hundred sixty degree
perimeter takes the nation out. loss of empire,
That hasnt happened that way either.
Quote: though the nation itself still sits in the same land
And we have never ever seen even single one imploding in just days.
What we have actually seen is a few just fading away
into obscurity instead over half a century or so. |
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| ... |
Posted: Fri Nov 06, 2009 10:19 pm |
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Guest
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On Sat, 7 Nov 2009 13:15:18 +1100, "Rod Speed"
<rod.speed.aaa at (no spam) gmail.com> wrote:
Quote: phil scott wrote
Anarcissie <anarcis... at (no spam) gmail.com> wrote
Looks to me like spreading funny money around can't
generate employment. No employment, no wages; no
wages, no consumption; no consumption, no business;
no business, no employment. But you knew that already.
We may be reaching the end of the funny-money era,
although it would not surprise me if our lords and masters
and their tame geniuses gave it another shot or two
regardless of the lack of positive results. They
probably don't know what else to do.
So, how much further will the funny money go, and then what's next?
look to history for that answer.... its a repeating cycle.. for a
superb long cycle discussion (260 year life cycle of nations)
see Dr Ravi Batra's book the comming depression 1990
That fool has never ever had a fucking clue about anything at all, ever.
Not only didnt we get a depression in 1990, we didnt even get one just recently
when the clowns completely imploded the entire world financial system, AGAIN.
we ain't done yet.
Quote:
we are in the final phase of that cycle,...
Nope.
collapse from the last peak
There has been no collapse from any peak.
(we just went though that 15 years ago,
Bare faced pig ignorant lie. We actually saw the longest boom in history instead.
runs about 20 years,,, with the final implosing taking just days,
That has never EVER happened. NOT ONCE.
the book plots the drivers for these long cycles,,,
He couldnt even get the basics right.
human nature, we start strong, get fat and lazy then corrupt, the
elect idiots, then ruin our currency with corruption then attempt to
recover by war and seizing others assets land or oil etc....
You cant list even a single example of that ever happening.
then the counter attack on a three hundred sixty degree
perimeter takes the nation out. loss of empire,
That hasnt happened that way either.
though the nation itself still sits in the same land
And we have never ever seen even single one imploding in just days.
What we have actually seen is a few just fading away
into obscurity instead over half a century or so.
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| James A. Donald... |
Posted: Fri Nov 06, 2009 11:44 pm |
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On 6 Nov 2009 23:24:47 GMT, Michael Coburn <mikcob at (no spam) verizon.net> wrote:
Quote: The rightarded seem to lack for any solutions at all.
If the government stops wrecking the market, the market will right
itself rapidly, as it always has in the past.
Recall the wonderful stimulus chart?
Obama threatened us, that the stimulus had to passed urgently,
urgently, for if the stimulus was not passed, unemployment would rise
to a horrifying eight percent by 2009 October.
He got that part right. |
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| Rod Speed... |
Posted: Sat Nov 07, 2009 12:08 am |
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Anarcissie wrote
Quote: Michael Coburn <mik... at (no spam) verizon.net> wrote
Anarcissie wrote
Looks to me like spreading funny money around can't generate
employment. No employment, no wages; no wages, no consumption; no
consumption, no business; no business, no employment. But you knew
that already.
We may be reaching the end of the funny-money era, although it
would not surprise me if our lords and masters and their tame
geniuses gave it another shot or two regardless of the lack of
positive results. They probably don't know what else to do.
So, how much further will the funny money go, and then what's next?
The rightarded seem to lack for any solutions at all. Lots of
spinning and whining and not even a hint of any solutions to the
problem. Very similar to health care. Nothing in the way of positive
policy. Just whining.
The American dollar must be devalued much further than is the case
right now. There is no other solution to the problem of middle class
decay in the United States. We are the only country in the G20 that
has a large trade deficit. And that deficit is because the American
dollar is still far too strong. Jobs will not return to America
until we stop the glut of free trade by a combination of minor
protectionism and dollar devaluation. That same devaluation if
accomplished via increased wages and social welfare will also fix
the Housing/credit problem. Bailing out banks is not the solution.
Bailing out manufacturing of any kind is advisable and so to are
minor tariffs and policies that insist on stimulus money being used
to "buy American" (or at least to buy NORTH American).
Inflating the money seriously would generally tax
those on fixed incomes and those with savings
accounts and the like tied to currency values,
Yes.
Quote: that is, poor people.
Nope. The only real poor people in modern first world countrys
are those entirely dependant on welfare from govt and those
who are 'homeless' who dont receive any welfare, and they
wont get any effect like that, essentially because govt welfare
would go up and the 'homeless' arent affected by inflation.
Quote: I suppose this would loosen up a certain amount of value,
That wouldnt help even if it did.
Quote: but I can't see that it would fix the large structural
problems caused by deindustrialization
There are no 'large structural problems caused by deindustrialization',
we saw the total number employed at an all time historic high and
an unemployment rate of 4.x%, the envy of much of the world with
a massive legal and illegal immigration rate just before the clowns
completely imploded the entire world financial system, again.
Quote: and years and years of inflated credit.
Thats what delivered the longest boom in recorded history.
Quote: One might also want to recall the results
of the inflation in Germany in the 1920s
That wont happen in the US if the US was stupid enough to do what he proposes.
It happened there because they chose to pay the reparations
that the allies were stupid enough to apply with worthless money.
Quote: -- there is no particular reason to believe that, if the
savings and pensions of the working and middle classes
are wiped out, they will take the blow passively.
They did the last time that happened in the US.
Essentially because they have no choice on that when it happens.
Quote: There is also the problem of the huge debts owed to
foreigners which must be refinanced from time to time.
Fools like him usually proposed they just be defaulted on.
Quote: If a policy of strong inflation goes into
effect, the interest rates won't be pretty. |
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| Rod Speed... |
Posted: Sat Nov 07, 2009 12:25 am |
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hal wrote
Quote: Rod Speed <rod.speed.aaa at (no spam) gmail.com> wrote
phil scott wrote
Anarcissie <anarcis... at (no spam) gmail.com> wrote
Looks to me like spreading funny money around can't
generate employment. No employment, no wages; no
wages, no consumption; no consumption, no business;
no business, no employment. But you knew that already.
We may be reaching the end of the funny-money era,
although it would not surprise me if our lords and masters
and their tame geniuses gave it another shot or two
regardless of the lack of positive results. They
probably don't know what else to do.
So, how much further will the funny money go, and then what's next?
look to history for that answer.... its a repeating cycle.. for a
superb long cycle discussion (260 year life cycle of nations)
see Dr Ravi Batra's book the comming depression 1990
That fool has never ever had a fucking clue about anything at all, ever.
Not only didnt we get a depression in 1990, we didnt even get one
just recently when the clowns completely imploded the entire world
financial system, AGAIN.
we ain't done yet.
We aint even in a technical recession anymore.
Quote: we are in the final phase of that cycle,...
Nope.
collapse from the last peak
There has been no collapse from any peak.
(we just went though that 15 years ago,
Bare faced pig ignorant lie. We actually saw the longest boom in history instead.
runs about 20 years,,, with the final implosing taking just days,
That has never EVER happened. NOT ONCE.
the book plots the drivers for these long cycles,,,
He couldnt even get the basics right.
human nature, we start strong, get fat and lazy then corrupt, the
elect idiots, then ruin our currency with corruption then attempt to
recover by war and seizing others assets land or oil etc....
You cant list even a single example of that ever happening.
then the counter attack on a three hundred sixty degree
perimeter takes the nation out. loss of empire,
That hasnt happened that way either.
though the nation itself still sits in the same land
And we have never ever seen even single one imploding in just days.
What we have actually seen is a few just fading away
into obscurity instead over half a century or so. |
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| Rod Speed... |
Posted: Sat Nov 07, 2009 12:27 am |
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James A. Donald wrote
Quote: Michael Coburn <mikcob at (no spam) verizon.net> wrote
The rightarded seem to lack for any solutions at all.
If the government stops wrecking the market, the market
will right itself rapidly, as it always has in the past.
Like hell it ever did after 1929
Quote: Recall the wonderful stimulus chart?
Obama threatened us, that the stimulus had to passed urgently,
urgently, for if the stimulus was not passed, unemployment
would rise to a horrifying eight percent by 2009 October.
He got that part right.
Its not even a technical recession anymore. |
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| Michael Coburn... |
Posted: Sat Nov 07, 2009 1:06 am |
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On Fri, 06 Nov 2009 19:10:13 -0800, *Anarcissie* wrote:
Quote: On Nov 6, 6:24Â pm, Michael Coburn <mik... at (no spam) verizon.net> wrote:
[quoted text muted]
Inflating the money seriously would generally tax those on fixed incomes
and those with savings accounts and the like tied to currency values,
that is, poor people.
What a strange definition you have for "poor people".
Rich people have lots of money and poor people don't. What sort of
training (brain washing) does it take to claim that a decrease in the
value of money hurts people who have no money. Most of the middle class
has had their 401ks looted but that is NOT money in a saving account at
the bank. It is shares of ownership in the means of production. And
inflation will not harm these real capital assets. This crap about fixed
incomes is yet another brain washing. SS benefits are tied to CPI.
Quote: I suppose this would loosen up a certain amount
of value, but I can't see that it would fix the large structural
problems caused by deindustrialization and years and years of inflated
credit.
I don't see why not. As the dollar is worth less to foreigners then the
cost of foreign goods rises and the advantage to domestic production
improves. That is a pretty well understood economic reality.
Quote: One might also want to recall the results of the inflation in
Germany in the 1920s --
Boogerman, Boogerman, Boogerman!!! Hyped like a true defender of the
rich.
there is no particular reason to believe that,
Quote: if the savings and pensions of the working and middle classes are wiped
out, they will take the blow passively.
The working middle class has investments in their 401K. They do not have
any serious amount of money stuffed in a mattress or in a savings account
and aver diversified regarding government bonds. If not then these people
will lose some purchasing power. Bur the _VAST_ majority will be better
off. We not the continued apparent health of the equities market in
spite of the fact that demand is very slack. It is currency devaluation
that causes that to happen.
Quote: There is also the problem of the huge debts owed to foreigners which
must be refinanced from time to time. If a policy of strong inflation
goes into effect, the interest rates won't be pretty.
That is what curbs the amount of inflation that can be tolerated, but at
present we have NO internal inflation.
--
"Those are my opinions and you can't have em" -- Bart Simpson |
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| Phlip... |
Posted: Sat Nov 07, 2009 3:14 am |
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On Nov 6, 1:15 pm, "*Anarcissie*" <anarcis... at (no spam) gmail.com> wrote:
Quote: Looks to me like spreading funny money around can't
generate employment.
Aaaand once again we twist around and stick our head up our ass to
avoid blaming...
--> rich people
--> Republicans
The former are holding onto their money, waiting for someone else to
stimulate the economy for them.
And the latter? Well, they tried everything they could to prevent
libruls and Democrats from getting us into this mess, and they failed! |
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