The Economy

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Article #2028

#2028

From: Anonymous
Date: Thu, 23 Nov 2006 17:34

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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.

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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Subject: The Economy
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