The Economy

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4 total messages Started by Anonymous Thu, 23 Nov 2006 17:34

#2028

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

24 lines
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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.

Re: The Economy

#2029

Author: Bob Kolker
Date: Thu, 23 Nov 2006 17:49

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Anonymous wrote:

> 
> 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.

So maybe Greenspan was not so deluded after all.

Bob Kolker

Re: The Economy

#2031

Author: royls
Date: Thu, 23 Nov 2006 20:56

19 lines
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On Thu, 23 Nov 2006 12:49:20 -0500, Bob Kolker <nowhere@nowhere.com>
wrote:

>Anonymous wrote:
>
>> 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.
>
>So maybe Greenspan was not so deluded after all.

When it comes to perspective, size matters.  What works on a scale of
decades is often disastrous on a scale of generations, let alone
centuries.  Look at the multi-generation hole Japan dug for itself by
shoveling money into landowners' pockets for doing nothing for 40
years.

-- Roy L

Re: The Economy

#2032

Author: Nospam
Date: Thu, 23 Nov 2006 22:30

33 lines
3297 bytes

royls@telus.net wrote:

> When it comes to perspective, size matters.  What works on a scale of
> decades is often disastrous on a scale of generations, let alone
> centuries.  Look at the multi-generation hole Japan dug for itself by
> shoveling money into landowners' pockets for doing nothing for 40
> years.

And what make you believe that this time will be that different ?
I assume this it was the plan actually.

Give tax cuts and another gifts how long the dollar has been artificially
kept high by unsuspecting Chinese & others. This money has already been
invested offshore and by this 2 goals achieved:
- buy wealth that will not be affected by a dollar collapse
- protect their investments from a possible US people reactions 
  when the economy tank

Once the economy melt and is obvious that US will not be able to pay the
due, everybody start selling dollars and the dollar collapse.
Simultaneously with the dollar, the price of land and other US assets
drop(not as big as the dollar value but will).  The US wages are going to
settle at a level that they are competitive with Chinese, and by collapsing
wages the life level in US will reach the third world countries level too.

At that point, desperate people will be eager to sell whatever they have for
food. The multinational corporations can buy now cheaper land and houses.
From a nation with a majority of homeowners, US will become a nation where a
majority of the population is simultaneously a renter and a serf for a
superrich landlord. 

Welcome to the neofeudalism !!! This is the dream pursued by the supporters
of so called free market, neocnos and libertarians.

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