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The Global Economy is NOT a perpetual growth machine - it is cyclical, seasonal. Economic Growth is vertical orientation; Economic Rest is horizontal orientation. We have been faking economic growth since 2001 but economic growth can't be faked forever by piling on more debt, since debt makes it more difficult to achieve real economic growth. It is difficult for a global economy to grow its way out of astronomical debt. We all should have unloaded debt from 2001-PRESENT. We did not; we took on more debt, to preserve the illusion of growth, bought by more debt, and by stealing money from the future to spend today.
The economy is an old snake that needs to slough-off its old skin to be reborn in a new skin. The Strong Dollar helps the economy slough-off its old skin. The weak dollar is the old skin.
Can we grow our way out of the nascent deflation brought on by the strong dollar? Can global economy grow with a TITANIC DEBT BUBBLE on its back. Can it do that? Can it grow when the Dollar is strengthening and interest rates are rising? That is the Million Dollar Question Mircea. I say NO
I don’t know which is worse- hearing the silly orange guy babble or you.
I don’t know which is worse- hearing the silly orange guy babble or you.
I see......hmmmmmm......you don't like "the silly orange guy"? Well, there is an easy way to remove Trump in a democracy. Defeat him in the next election. If he is such a bad president it should be easy to convince the public to vote him out.
If you can't, then you are in the minority damba. Then you will have to recognize that most people do not agree with you.
I see......hmmmmmm......you don't like "the silly orange guy"? Well, there is an easy way to remove Trump in a democracy. Defeat him in the next election. If he is such a bad president it should be easy to convince the public to vote him out.
If you can't, then you are in the minority damba. Then you will have to recognize that most people do not agree with you.
You might want to recognize that Clinton won the popular vote by about 3 million people.
Using your criteria, that would actually support the theory that most people do, in fact, agree Trump is a dolt.
Like you said regarding military spending, I don’t want to pay for a military that destabilizes and interferes in the Middle East.
It's part of a plan. I worked on that plan, and unfortunately, I may be partly responsible for the deaths of 10s of 1,000s of Balochs in the future.
It all depends whether they go with the Kuzehstan Gambit or the Balochistan Gambit, when they initiate conflict with Iran.
If you enjoy your current Standard of Living and Life-Style, then interfering in the Middle East is an absolute necessity.
If you don't mind having a late 1960s Standard of Living and Life-Style, then by all means, withdraw.
I'm certain you'll readily adjust to having 1 car, because you can't afford 2 cars, and like most American families in the late 1960s, you'll get used to having meatless dinners 1 or 2 nights a week, because you can't afford meat.
Oh, and 1-2 nights out of the 5-6 nights you, um, you know, eat, uh, "meat" it, uh, well, it won't actually be meat, it will be pork brains, or beef tongue, or pork kidneys, or beef or pork liver, or hog maws, or beef tripe or pork chitlins or chicken gizzards, hearts and livers.
I have lots of recipes for the, uh, un-meat, if you'd like to share.
Did you know the secret to cooking chicken gizzards is low heat? Bread them with some seasoning, and brown them quickly, then stick them in the oven at 250°F for four hours, and they'll be nice and tender.
Why is he a loser????? Because like many others, he didn't expect that CRAZY FED (Bernanke and Yellen) would go this far with ZIRP and protecting the markets, stealing and spending money from to future. Peter Schiff will be correct in his predictions sooner than you think.
Our new HERO, our new REAL LEADER Jerome Powell is UNWINDING the mistakes Bernanke made trying to avoid being the BAD GUY, the harbinger of DEFLATION. The FED's job is NOT to perpetuate DEBT BUBBLES. Debt is strangling the world economy. We should have begun to strangle debt in 2001. We did not. Instead, we encouraged more debt with ZIRP and QE. Now the problem is much worse than it was then.
Jerome Powell is now doing the dirty work, UNWINDING BERNANKE's MESS. It is more important for America for Powell to UNWIND our extreme debt than to protect investors with lower interest rates. Speculators are on their own now but I don't think most of you got that memo yet.
Because he claims expertise yet is consistently wrong about everything he says. He's been wrong about gold, wrong about stocks, wrong about inflation, wrong about US dollar, wrong about everything.
Quote:
Originally Posted by C2BP
Peter Schiff will be correct in his predictions sooner than you think
And this is why he still has a following, people who believe a broken clock has value because eventually it will be right.
Why is he a loser????? Because like many others, he didn't expect that CRAZY FED (Bernanke and Yellen) would go this far with ZIRP and protecting the markets, stealing and spending money from to future. Peter Schiff will be correct in his predictions sooner than you think.
Our new HERO, our new REAL LEADER Jerome Powell is UNWINDING the mistakes Bernanke made trying to avoid being the BAD GUY, the harbinger of DEFLATION. The FED's job is NOT to perpetuate DEBT BUBBLES. Debt is strangling the world economy. We should have begun to strangle debt in 2001. We did not. Instead, we encouraged more debt with ZIRP and QE. Now the problem is much worse than it was then.
Jerome Powell is now doing the dirty work, UNWINDING BERNANKE's MESS. It is more important for America for Powell to UNWIND our extreme debt than to protect investors with lower interest rates. Speculators are on their own now but I don't think most of you got that memo yet.
Good Luck!!!
And of course, you fail to mention that before becoming chairman of the federal reserve board, Powell was a governor on the board in 2011, and he voted FOR QE3.
Powell is also considered to have a neutral Fed history, trending slightly towards being a dove. But you think he’s some great harvester of deflation and a return to a strong dollar....which of course ignores the fact that the dollar had already surged a few times around 2014 and 2015, which were some of the strongest rises in the dollar index in decades.
Yes, schiff bet that foreign equities would decouple from a U.s slow down. He bet against the USD and U.S equities. What a great call that was
And of course, you fail to mention that before becoming chairman of the federal reserve board, Powell was a governor on the board in 2011, and he voted FOR QE3.
Powell is also considered to have a neutral Fed history, trending slightly towards being a dove. But you think he’s some great harvester of deflation and a return to a strong dollar....which of course ignores the fact that the dollar had already surged a few times around 2014 and 2015, which were some of the strongest rises in the dollar index in decades.
Yes, schiff bet that foreign equities would decouple from a U.s slow down. He bet against the USD and U.S equities. What a great call that was
So far Powell is doing a great job. He needs to keep UNWINDING the FED balance sheet, which strengthens the Dollar. This will unwind the global debt bubble, so that we will all be able to live on the other side of it all. It won't be easy or painless. It will be very difficult. It is a painful medicine, yes. But it is a medicine. The FED has been fertilizing a dead crop that fruited in 2001, pretending that GROWTH was a statistical norm instead of a seasonal phenomenon.
So far Powell is doing a great job. He needs to keep UNWINDING the FED balance sheet, which strengthens the Dollar. This will unwind the global debt bubble, so that we will all be able to live on the other side of it all. It won't be easy or painless. It will be very difficult. It is a painful medicine, yes. But it is a medicine. The FED has been fertilizing a dead crop that fruited in 2001, pretending that GROWTH was a statistical norm instead of a seasonal phenomenon.
The feds dual mandate includes price stability. Why do you think they’ll ever let a deflationary spiral happen?
The feds dual mandate includes price stability. Why do you think they’ll ever let a deflationary spiral happen?
Price stability.....what price stability are you talking about????? We all know about the drug prices raised 1,000% in the last few years.
The secret of inflation is that ONLY wage inflation triggers inflation - in the CPI and PPI sense of the word. But DEBT INFLATION is undeniable. And Housing, Healthcare, Education, Transportation, Food costs are all inflating.
Economists and politicians WANT To present inflation as non-existent - but for consumers (and for the homeless - the millions of homeless) there is very clearly inflation and there has been for decades now.
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