Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
As a retired ,and disabled, person I've been waiting for the other shoe to drop.............
"When it comes to explaining the problems with our economy, one of the hardest things to do is to get people to understand that we are living in an economic fantasy world that is completely and totally unsustainable. As a nation we consume far more than we produce, we spend far more than we bring in, our debt is growing much faster than our GDP is, our entitlement programs are growing at an exponential rate, our retirement system is a Ponzi scheme and the Federal Reserve is printing money as if there is no tomorrow in a desperate attempt to paper over all of our problems."
As a retired ,and disabled, person I've been waiting for the other shoe to drop.............
"When it comes to explaining the problems with our economy, one of the hardest things to do is to get people to understand that we are living in an economic fantasy world that is completely and totally unsustainable. As a nation we consume far more than we produce, we spend far more than we bring in, our debt is growing much faster than our GDP is, our entitlement programs are growing at an exponential rate, our retirement system is a Ponzi scheme and the Federal Reserve is printing money as if there is no tomorrow in a desperate attempt to paper over all of our problems."
Although your source is obviously a little bit bias. I dont believe this to be too far from the truth. We need a good kick in the A$$ in order to actually go back to the days when people spent what they had and only consumed what they needed. A full blown depression is looming, it's just a matter of when...
We have been in a depression for the last four plus years. Granted it has not been as severe as the Great one that took place a lifetime ago, but the similarity is nothing seems to be there to pull us out. Our leaders are doing about nothing to put us back to work. We are consuming more than we produce because competing nations are happy to lend us money to buy their garbage. Printing money should actually help that by making our currency cheaper, except our competitors just speed up their printing presses to gain an advantage.
Just on "hold" with the pause button for the elections.
Second side is waiting for January 2013, with Federal Budget Cuts coming (thank you, Tea Party idiots), and the big banks getting ready to start dumping REO Occupied -- already has the Congressional Budget Office looking for the First Quarter 2013 to be back into negative numbers.
But further out, the World's Dumbest Endless Wars are scheduled to end in 2014, unless KBR, etc., can find someway, somewhere to keep a war going. So we get to stop that bleeding -- both real blood and financially.
Then to shed some of the permanent parasites of the MIC with some DoD cuts and maybe we can put the Corporate Global Empire fantasies on hold and Fix US, First.
But overall, if the Great Recession continues on the model of the Great Depression -- this lately has been just the eye of Hurricane -- we still have some rough years ahead.
Interesting . . . but . . . it just kind re-emphasizes a fake-believe problem.
The debt is now the currency. As it has been for some decades. Take out the debt and currency supply shrinks -- a classic Deflationary Depression cause.
But there is a totally legit and totally functional cure. Swap out the debt currency to actual US Government Dollars, and mess goes to zero -- called Greenbacks in prior eras.
Set the base interest rate to zero and the mess goes to zero in the long term. The climbing exponential curve in the graphs -- that is what compound interest looks like.
Restore tariffs on unbalanced trade, and the .gov Cash Flow goes positive.
As things are, none of that exists, although ALL of it existed in prior successful eras.
Why is that? Because interest, debt, and the unbalanced import trade favors the wealthy and transnational corporations.
Just continues "as is" because average Joe and Jane Americans are so mis-educated -- not due to the .gov -- but rather those same wealth owners and transnational corporations.
But there is a totally legit and totally functional cure. Swap out the debt currency to actual US Government Dollars, and mess goes to zero -- called Greenbacks in prior eras.
.
Do you mean to say we should no longer use the Federal reserve notes, and completely cut the central bank out of our money supply?
Location: where you sip the tea of the breasts of the spinsters of Utica
8,297 posts, read 14,168,495 times
Reputation: 8105
Quote:
Originally Posted by Grandpa Pipes
As a retired ,and disabled, person I've been waiting for the other shoe to drop.............
"When it comes to explaining the problems with our economy, one of the hardest things to do is to get people to understand that we are living in an economic fantasy world that is completely and totally unsustainable. As a nation we consume far more than we produce, we spend far more than we bring in, our debt is growing much faster than our GDP is, our entitlement programs are growing at an exponential rate, our retirement system is a Ponzi scheme and the Federal Reserve is printing money as if there is no tomorrow in a desperate attempt to paper over all of our problems."
It would be great if everyone realized that the cure for all that would be to cut the military budget in half (which would still leave us as the world's strongest superpower by far).
Do you mean to say we should no longer use the Federal reserve notes, and completely cut the central bank out of our money supply?
US .gov notes would work fine. No debt. No interest.
I would use and accept them for my business.
Would not you?
When and if more money is needed in circulation (like recently, deflationary depression), the .gov can spend more into the internal (US) economy.
When and if there is too much in circulation, (currency inflation) just put a temporary tax on the top end to suck up some of the money supply.
All Legal, and Fully Constitutional.
soooooo . . . who would be harmed by that?
Of course dumping the private banker control and ownership of our money is just another bonus.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
