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Article #2033The Economy
From: Anonymous Sender
Date: Tue, 21 Nov 2006 22:37
Date: Tue, 21 Nov 2006 22:37
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2146 bytes
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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X-Google-Thread: fd5f7,f618226e8962869f,start X-Google-Thread: f824f,f618226e8962869f,start X-Google-Thread: 107d03,f618226e8962869f,start X-Google-Thread: 10a89e,f618226e8962869f,start X-Google-Thread: 10d50a,f618226e8962869f,start X-Google-Attributes: gidfd5f7,gidf824f,gid107d03,gid10a89e,gid10d50a,public X-Google-Language: ENGLISH,ASCII-7-bit Path: arc1-ca.pugleaf.net!g2news2.google.com!news1.google.com!news4.google.com!border1.nntp.dca.giganews.com!border2.nntp.dca.giganews.com!nntp.giganews.com!out04b.usenetserver.com!news.usenetserver.com!in01.usenetserver.com!news.usenetserver.com!news-out.readnews.com!postnews3.readnews.com!nr2.newsreader.com.POSTED!not-for-mail Subject: The Economy From: Anonymous Sender <anonymous@remailer.metacolo.com> Message-ID: <f5e9d182c7904f33e475b86694471ee4@remailer.metacolo.com> X-Complaints: admin@eelbash.org. Include 777 in the subject to get through the spam filters Newsgroups: sci.econ,ba.general,la.general,sac.general,scruz.general Date: 21 Nov 2006 22:37:59 GMT Lines: 26 Organization: NewsReader.Com Subscriber NNTP-Posting-Host: b2d2a42c.nr2.newsreader.com X-Trace: DXC=14>gJ<MLjLhnGY^CbJD;PoOA8_@f\K_ibNeemI`PFoElnlY4S:l=HOmDVIbICRl:IiXA9PXJ8=5YfnUVW>[n?\3`B:\TDk?`Q<o X-Complaints-To: abuse@newsreader.com