Can you really wait 10 to 20 years like Peter Schiff & RP suggest ?
In the Great Depression, Roosevelt tried deficit spending, but he was too timid. Then he stopped in 1937 and the economy nose-dived. It took the humongous deficits of WWII to pull us out of the Great Depression.
Those deficits blasted the economy from depression into overdrive.
Of course after the war, we had to pay off a huge national debt, but during that time, from 1946 to 1980, the economy was mainly quite prosperous. We hit a bad recession when Reagan took office, and his early deficit spending made sense (though he didn't know it). But then he continued to drive up the debt through the boom years that followed. That didn't make any sense.
We are now headed into the worst slump since 1938, and you better hope Obama can fix it because that was not a pretty time. Unfortunately, as in the Great Depression, the extreme conservatives would rather trash the country than have our government succeed. They are much worse than Bush.
The main thing to remember is that, with consumer spending going down, business is going to lay people off—not hire them. You can't blame business for this. It's just a vicious cycle the economy gets into. Any you can't blame consumers for not spending in bad times. The only way out of this, if we don't want to wait 10 or 20 years, is for the government to spend, pay unemployment insurance, or give tax breaks to people who will spend (not the rich). Of course there's also the problem of the banks. Obama should stop saving the bankers, and just take over the bad banks. Once they're working they can be sold back to the private sector.
America got out of the Depression by feasting on the blood
Of Europe and Asia.
We rebuilt/sold loans to so many countries plus we financed both sides with the international bankers just like the previous WW.
Not to mention the Military Industrial Complex also sold them weapons to kill each other with.
Plus we drafted the poor into military brigades to drive tanks and planes around and kill civilians who got in our way.
============================
Glen Beck -- An Exposed Enemy:
http://www.dailypaul.com/node/90198
Glenn Beck Supports NAFTA and taking your job:
http://www.dailypaul.com/node/86643
============================
Glen Beck -- An Exposed Enemy:
http://www.dailypaul.com/node/90198
Glenn Beck Supports NAFTA and taking your job:
http://www.dailypaul.com/node/86643
As a young 19 year old corporal in the Marines
I was puzzled why anyone would say, "Yankee go home ! "
Cuba 1962
Panama 1962
Okinawa 1963
Japan 1963
Hong Kong 1963
Taiwan 1964
Vietnam 1964
*Dominican Republic 1965
After I found out, I've been run off two pseudo Marine Corps web-sites.
Yankee come home.
Keynesian Rubbish
Keynesian Rubbish.
You can't offset Trillions in deficits (and future obligations) and Trillions in overvalued assets & securities with more borrowing, printing & spending.
Do the math, it simply does not add up. Before all of the recently bailouts & spending our national debt was 9 Trillion. The recent additions increased it to 11 Trillion. The new budget Obama just passed will increase the national debt by 1 Trillion dollars each year, over the next 9 years. That equals 20 Trillion dollars. This doesn't include the obligations of Social Security, Medicaid/Medicare that was anticipated to drive our national debt to 20 Trillion in 10 years. If you add the 10 Trillion Obama just added, that equals a 30 Trillion dollar debt in 10 years.
One of the most important things that many people aren't realizing is the US had a bubble in it's GDP growth, just as we had a bubble in real estate & the stock market.
In 1998 the US had a GDP of 7.3 Trillion. In 2008 we had a GDP of 14.3 Trillion. Anyone else see a bubble here? Once things reach an equilibrium I would guess our true GDP will end up somewhere around 9 Trillion. If the world dumps the dollar, I would expect the GDP to be much less than that.
Bottom line. All of the bad debt needs to be wiped out. Taxes need to be eliminated. Government spending needs to be cut by 50%. All troops in foreign lands need to come home. State, city & local governments need to cut by 50% as well. Go back to a gold/silver standard.
www.twatm.com
Yes we can ! (pun-intended)
offset Trillions in deficits (and future obligations) and Trillions in overvalued assets & securities with more borrowing, printing & spending.
Basketball, watermelon, Cadillac car. We ain't as dumb as you think we . . . is >> taxes and force majeure (smile)
And therin lies your problem dude...
You just can't do math.
~Live life to its fullest, with an open heart, open arms and most important... an open mind~
Force Majeure
My ex-son-in-law has a box he puts all his bills (un-opened) into and when it gets full, he throws it away and gets another box. No one loans him money anymore, and that's good. Think about it (wink)
Well, there you go.
Problem solved!
I'd pity you, but I believe in social darwinism, as far as our financial future goes.
Problem solved, indeed... :)
~Live life to its fullest, with an open heart, open arms and most important... an open mind~
Well said
Well said
The article above assumes
The article above assumes that we need the government to make decisions. But by waiting for the government to make decisions means that we should rely on government to solve problems, and this is not the role of government. First of all people should not borrow money and by doing so will cripple the banking system. Bankers can get money from the government at zero percent interest, but if noone is willing to be enslaved by interest then their system will collapse. Interest equals slavery. Interest is the means by which those who have money make money from their money instead of spending it. The government doesn't have to pay interest, this is only because a system of banking has weaved it's way into the government to guarentee investors with money a way to make money with their money. This is not the purpose of government. The Constitution allows for the government to borrow money, but does not say that the government has to borrow it from bankers or pay interest to investors. If noone is willing to lend money to the government without interest, than the government fails to demonstrate it's necessity.
grant
in 1937
the depression was celebrating its 8th birthday. do you think that maybe all the price and wage fixing to go along with all the public works projects had something to do with the length up to that point? how much deficit spending and inflation (being the increase in money supply, as any Austrian knows) do you suggest will get us out of this mess? apparently, the 3-8 trillion (depending on where you look) does not float your boat.
Obama should stop saving the bankers, and just take over the bad banks. Once they're working they can be sold back to the private sector.
output
since we all know how efficient a model our federal government is, of course it is a fine idea to give them control of the banks. and exactly when was the last time the government gave back any control once it has it? i seriously do not know what you are doing here. i know you have already said you do not like to read books, but i will suggest a few anyway.
economics in one lesson - h. hazlitt
america's great depression - m. n. rothbard
the road to serfdom - f.a. hayek
and war never makes a country more prosperous. the only thing keeping inflation at bay today is the fact that people are actually saving some of their money and are not willing to leverage themselves to the hilt in unknown times. once the fed forces banks to start lending to the same folks who were not credit-worthy in the first place, we are in trouble. you see, the whole keynesian premise is flawed in that it mathematically must come to an end. turn your tv off and read the road to serfdom.
WHAT??? Who are you?
"Obama should stop saving the bankers, and just take over the bad banks. Once they're working they can be sold back to the private sector."
Socializing the banks (or anything for that matter) is not the answer!!
The communist USSA government will never relinquish control once they take over. To make matters worse, IF the companies do become profitable at some point in the future, the government will keep the dividends and profits. WHAT, are YOU expecting a check in the mail? I'm not, and I wont be holding my breath either. I'm just going to keep my guns clean and an escape route at the ready.
i was quoting
the author of this piece (of s***). sorry if their was ambiguity in my post.
I totally disagree... the
I totally disagree... the only way to save this is for the US government to abolish all federal income taxes. bring ALL troops home and close down every foreign military base. when that is done things would pick up. but you and I both know it will not happen.. so what will happen will be a total collapse of the dollar, at that point the US government does not exist.
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
I knew we agreed about -
No federal taxes (labor), bringing the troops home, closing down all foreign military bases, and it won't happen ! But where I disagree is, the dollar collapsing along with the U.S. Government.
I have been banned from two pseudo Marine Corps web-sites for espousing what we do agree upon. Like Devon_Saunders says, I and Pat Buchanan cling to a fantasy that the fairies and unicorns will sneak in and make this all better in a year or two.
If I'm nor mistaken, you are a former Marine also. If that is correct, you never want to post on togetherweserved.com or leatherneck.com "all" of what you just said." It was bad enough I posted what we agreed on.
Just remember that Pat
Just remember that Pat Buchanan has no training in economics. He is a journalist. If you want to appeal to authority you should read Krugman.
Ventura 2012
You don't have to have training in economics
just some common sense !
Pat Buchanan before gold ran up had $200,000 worth and invested the rest in Virgina State Bonds. Not to shabby for a journalist, huh ?
Objection...
Everyone with a brainstem that was connected bought gold in 2003-04.. so that isn't a big deal. All you had to do there was be able to read.
As for common sense, I hope you can show some?
Care for a real debate.. or are you still trying to find some ground to stand on in the shambles of your OP?
~Live life to its fullest, with an open heart, open arms and most important... an open mind~
Devon_Saunders the only problem debating with you intelligently
is that your mental prowess appears hopelessly limited to juvenile ad hominem attacks appealing to feelings and prejudices rather than mature intellect.
To wit:
[Quote Devon_Saunders]
[Snipped]
1. What I'm thinking is that you in 4-5 years are going to be just another looter that I'm going to have to shoot off of my porch. So it works out well for both of us... ;)
2. having a debate with rain man without the math skills
3. but then just nodded your melon head
4. The biggest problem that we actually face right now is people like you... ones who do not seem to possess basic math skills or an origional thought, but merely regurgitate whatever they've heard on MSM.
5. We've just been using the OP for the last few days to educate the visitors.. you know.
6. That you cling to a fantasy that the fairies and unicorns will sneak in and make this all better in a year or two just tells me that you have a brain and an internet connection, but use neither.
7. Because if your friends think like you do, it'll be just great to get them out of the gene pool as well.. ;)
8. This guy is just an idiot... no way he's being paid to attempt to prop up such a lame premise. So probably just some tool that likes negative attention
Not ad hominem attacks at all.
You're an idiot... your OP proves it, your dialog since enforces that. I'm not infringing on your right to be an idiot.. I am merely pointing out that you are. You cannot justify your ideal here with anything more that ~But it will work~~, totally ignoring anything that would even resemble a logical arguement.
So you bring an idiodic idea to the table and expect us to applaud you? Or be nice to you? Why bother? After all, you're an idiot... we're not going to reward you for it.
So nice attempt at whatever you were attempting, I guess.
But at the end of the day, you're still an idiot.
~Live life to its fullest, with an open heart, open arms and most important... an open mind~
It's really a question of who the bigger idiot is -
I say it is a draw, between the idiots that can't accept reality or the idiots that embrace reality.
Reality >> http://i151.photobucket.com/albums/s143/10thzodiac/cartoons_...
You're right, of course.
We've just been using the OP for the last few days to educate the visitors.. you know.
For everyone that posts a comment, 300 read it.
So we're working it... ;)
~Live life to its fullest, with an open heart, open arms and most important... an open mind~
Bonhomme Richard
http://www.globalresearch.ca/index.php?context=va&aid=13278
What say you to these figures ?
.
.
Explore Orthodox Christianity
Paul wouldn't read it
Why should I ?
Even Paul, says this inflationary recession will last 15 years, nothing about collapse.
"...when the dollar collapses..."
Ron Paul, on "Dr Paul on Secession" video, April 20, 4:21 minutes
Wrong.
He says the dollar will probably collapse and it is inevitable at this point without the type of intervention that is not going to happen.
Inflationary recession in this case is a little worse than you are painting it.
~Live life to its fullest, with an open heart, open arms and most important... an open mind~
How could you you forget ???
Plan II.
The U.S. government’s power to tax stands behind all of its debt. If Uncle Sam ever needs a bailout, like now, we the taxpayers get nailed !
I bet he would read it. I don't think he shoots from the hip
He researches and formulates. Others kinda piece it together from what they read on matchbooks.
I'm not saying that whatever thi9s info is is correct or not, but it's data and can influence an informed opinion. What I already know and feel in my gut means very little.
Explore Orthodox Christianity
Educate me, what is wrong with this idea?
What if every American was able to borrow money directly from the government at zero percent interest? It wouldn't matter if the money was paid back as long as the person spent the money, since it would return to the government in the form of taxes collected by businesses. The plus side would be that bankers would be eliminated from the equation. Isn't this better than lending money to bankers at zero percent interest, for bankers to charge interest to people who are expected to do the exact same thing?
grant
Oh come on! It’s not money; it’s debt. You know that!
More debt is created. Government grows at a massive rate, feeding off “disaster.” Mass poverty is (inter)nationalized. The hole gets deeper. We’re looking a 50-year inflationary depression square in the eye. Can you say mass starvation?
—Cliff in Sioux City, Iowa
April’s Song: ♪So This Is Love♪ by George Benson
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