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What about the CULT OF CHEERLEADERS that you belong to? You know, that group that has no understanding about economy at all, and thinks we have been recovering since 2008, we have been growing our economy. :
The ONLY thing that we have managed to grow since 2001 (especially since 2008) is DEBT. That's right, Obama and LUNATICS at the Fed doubled our national debt in 8 years. We should have begun raising rates in 2001. We did not. We lied to ourselves. We wanted Growth (pleasure, wealth, expansion, power) to last forever, without those nasty years of correction. So we faked a recovery by stealing money from the future, via the FED.
So, we are in trouble. Our BOOM-BUST economy needs the BUST cycle also, or it doesn't work. We can have a NO Growth economy, but it will be much different than the economy we have growth accustomed to. In all economies, however, failing to protect the local currency leads to self-destruction. If we want the Dollar to continue as the gold standard in the world we need to raise rates and engineer a global economic deflation with all of the negative consequences. We need to destroy debt on a massive scale.
People like you Mathjak wants us to believe that everything is fine now, that we have recovered from 2008. Guess what, I don't believe that. We have only stalled our economic folly by cranking rates down to zero, to camouflage the truth. What happens when rates begin going up again --or do we simply instigate NIRP as the new normal, for ever, for the rest of our human existence? That is how the world ends, not with a bang, but with a whimper?
never have I said we are fine. I said we are a whole lot less bad than we were in 2008. .
The path we have taken has failed - that is my opinion (not mine alone of course). How much longer do we continue on a path that is not working? When do we change direction?
As long as there is no debt reduction there will be no growth. What is not to understand here???????????
We continue to succeed and grow where I live in AZ.
Where do you live and what do you do for a living?
These discussions are like trying to tell my 91 year old mother that it's not her "crazy" cell phone's fault that the ringer is turned off, it's operator error. She thinks I just don't get it.
Lol.......most of you are grown adults, retired already, and none of you have any understanding at all about how our economy supposed to work. You are like little spoiled children that only want to hear positive bed time story every night.
Our Boom and Bust economy needs Bust also, but you can't understand this because none of you have any economic knowledge. Keep living in a La La Land, in denial.
Just remember, NO real economic growth is possible until debt is destroyed, until we go thru Deflation and Depression. I know, I know, this fact must be frustrating for you wannabe amateur problem solvers, but this is the TRUTH and THE FACT!!!!!!
How long you all are going to live in denial, that is up to you . I will be here to remind you that NO GROWTH is possible until we go thru HELL first .
Sorry boys and girls, but there is no easy way, painless way, out of this mess that we have created for ourself's.
The global economy has entered unexplored, dangerous territory. 10/09/2016
Quote:
The International Monetary Fund’s growth forecast released just before the meeting was once again revised downward.The global economy has entered unexplored, dangerous territory
Quote:
As the world’s finance ministers and central-bank governors came together in Washington last week for their annual global financial convocation, the mood was somber. The specter of secular stagnation and inadequate economic growth on the one hand, and ascendant populism and global disintegration on the other, has caused widespread apprehension.
Lol.......most of you are grown adults, retired already, and none of you have any understanding at all about how our economy supposed to work. You are like little spoiled children that only want to hear positive bed time story every night.
Our Boom and Bust economy needs Bust also, but you can't understand this because none of you have any economic knowledge. Keep living in a La La Land, in denial.
Just remember, NO real economic growth is possible until debt is destroyed, until we go thru Deflation and Depression. I know, I know, this fact must be frustrating for you wannabe amateur problem solvers, but this is the TRUTH and THE FACT!!!!!!
How long you all are going to live in denial, that is up to you . I will be here to remind you that NO GROWTH is possible until we go thru HELL first .
Sorry boys and girls, but there is no easy way, painless way, out of this mess that we have created for ourself's.
So you are not 'grown' or retired? Where do you live and what line of work do you do?
An answer like 'None of your business' would be suffice, but telling.
Lol.......most of you are grown adults, retired already, and none of you have any understanding at all about how our economy supposed to work. You are like little spoiled children that only want to hear positive bed time story every night.
Our Boom and Bust economy needs Bust also, but you can't understand this because none of you have any economic knowledge. Keep living in a La La Land, in denial.
Just remember, NO real economic growth is possible until debt is destroyed, until we go thru Deflation and Depression. I know, I know, this fact must be frustrating for you wannabe amateur problem solvers, but this is the TRUTH and THE FACT!!!!!!
How long you all are going to live in denial, that is up to you . I will be here to remind you that NO GROWTH is possible until we go thru HELL first .
Sorry boys and girls, but there is no easy way, painless way, out of this mess that we have created for ourself's.
In addition to the insight we gain about your psychological state stemming from the 'doom and gloom' posts you frequently write, see the highlighted text which is a somewhat accurate indicator of your relative level of education. You really aren't as intelligent as you think you are(!)
Lol......once again so you all understand this....as long as there is no debt reduction there will be no growth. The basic law is this. During the Growth Season (1983-2001) lower rates and encourage growth, inflate the local currency, reward speculation. During the Non-Growth Season (2001-PRESENT): raise rates, protect the local currency, reward savers.
Don't lie TO YOURSELF that DEBT IS GOOD. Debt can be useful; but too much debt means growth is retarded. Expand debt during the Growth Season; contract debt during the Non-Growth season by...(only one way) raising interest rates.
Optimum debt. Ground floor for new organic growth at beginning of new Growth Season is total debt/gdp of 130%. Because we chose to protect debt with lower rates instead of destroy it in 2001-PRESENT, we now have about 380% total debt/gdp. We also did not protect the US Dollar from 2001-PRESENT, which was our charge.
So, we are in trouble. We did everything wrong that we could possibly do wrong. We only managed to grow our debt and not the economy. We doubled our national debt in 8 years because we are afraid to face the truth. We want to believe that ECONOMIC GROWTH CAN LAST FOREVER. We want pleasure, wealth, expansion and power to last forever.
Growth depends upon the periodical elimination of debt to "make room" for the next Growth Season's renewed accumulation of debt. There is a time to "fill up" and a time to "empty out". If you don't empty out, during the non-Growth or Germination season then you can't fill up when the Growth season returns.
The BUST Cycle deflates debt and discourages new debt. Since Growth is NOT perpetual, debt can't be perpetual either. Debt can grow during Business Cycle Growth Seasons (1983-2001) but debt cannot grow during gestation or germination cycles (2001-PRESENT). In my view, once interest rates begin to rise we will see civilization as we know it now crash - as all the debt will lead to the Great Default Contagion globally, crushing banks and corporate borrowers, and endebted individuals, proving the FED experiment to have been insane and unnatural, heresy.
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. I will be here to remind you that NO GROWTH is possible until we go thru HELL first 