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Too much debt could fuel double-dip recession
Message
De
19/11/2009 10:30:54
Dragan Nedeljkovich (En ligne)
Now officially retired
Zrenjanin, Serbia
 
 
À
19/11/2009 10:10:11
Information générale
Forum:
Politics
Catégorie:
Autre
Divers
Thread ID:
01435462
Message ID:
01435596
Vues:
24
>>>>Isn't that exactly what the Republicans have been saying:
>>>>http://www.reuters.com/article/marketsNews/idUSN188108620091118
>>>
>>>Yep. The recovery must be managed carefully, by the right people.
>>
>>You mean the people on the right? But then, didn't they invent deregulation (and laughed all the way to the bank) and allowed the banks et al to do all this? The guys who invented corporation as person, federal reserves and funny money?
>>
>>I guess the best way to manage chickens is, and has always been, to put the best foxes in charge.
>
>Politics needs to be removed from economic recovery. Look at the history of deregulation and then look at the history of pushing financial institutions to give home loans to people not in a position to repay those loans. It has happened on both sides of the political spectrum. There is plenty of blame to go around. That is the problem yesterday and today. Both sides continue to blame the policies of the other side. It's time to bring in the economic experts from both sides of the political spectrum before implementing future economic policies.

Can we agree that the whole political spectrum is between #202020 and #222222, and that the whole political showbiz is just a distraction, the illusionist's left hand waving, while the right hand does everything without being looked at?

The debt is mostly imaginary, I guess - because today's dollar is imaginary. It's as substantial as the internal money in any video game - you earn it and spend it, and it's all fine but only inside the game. You can't buy anything in a grocery with the game money. And in the game, you are never sure that someone somewhere hasn't hacked it and just invented a few million for their own use. Which has happened with the dollar over and over.

But then so it is when you have the Fed, which are more powerful than the Congress, and they own the definition of the dollar and can invent as many of it as they wish - for the last 96 years they were never audited, and never got a chief they didn't suggest themselves. And whatever they do is somehow attributed to the government - as if they were elected or appointed by elected officials, not a private enterprise they are.

The last guy who tried to put the dollar where Constitution says it should be was JFK, and we know how it ended.

back to same old

the first online autobiography, unfinished by design
What, me reckless? I'm full of recks!
Balkans, eh? Count them.
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