Re: The Economy

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Article #2023

#2023

From: zzbunker
Date: Wed, 22 Nov 2006 22:38

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Anonymous Sender wrote:
> The insane solution Greenspan chose was "If
> you can't pay your debt, borrow more."
> That's insane but the way our system works,
> inevitable.
>
> Why? Because politicians faced with a mob of
> "the world owes me a living" millions cannot
> raise taxes, nor can they shrink the
> government payroll and benefits.

   Greenspan was the head of the FED,
   rather than a politician, CEO, or
   elected official.

   Which is why he is generally classified
   in the mathematical category of  the
   Reaganaut  Boeing Wank-a-Thoners,
   rather than in the category of
   investment advisers,


>
> The result, the choose the sneaky way out
> which is to simply print more money. By
> virtue of the fact that this is an indirect
> sleight of hand the average person doesn't
> make the connection. The connection is, must
> be, more dollars chasing the same resources.
> This can only lead to each resource owning
> more dollars, ergo higher prices, inflation.
> It's a simple mathematical ratio.
>
> The Chinese are going to be left holding the
> biggest bag in history if they continue to
> accumlate dollars. Amateur capitalists have
> no business holding a trillion dollars.

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From: "zzbunker" <zzbunker@netscape.net>
Newsgroups: sci.econ,ba.general,la.general,sac.general,scruz.general
Subject: Re: The Economy
Date: 22 Nov 2006 14:38:46 -0800
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