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The Fed has failed and we are clearly in a depression. We have spent trillions of future Americans' money to try to cover up this fact. The real problem is that we have not addressed the real problem yet, which is debt. You can fuel an inflation in two ways: visible inflation (wage and price growth) or invisible inflation (debt growth) -- both of these fuels must be removed when the growth ends (as it always does) -- and since 2001, when this cycle of growth ended, we have growth debt, not reduced it.
We must reduce total debt to GDP to about 130% -- this is the bottom -- from today's 370%. So, from 2001-2016 we have not DONE ANYTHING but a coverup of the depression, which has cost us trillions. Our leaders -- and I am thiinking especially of the FED leaders -- should be arrested for this. They are not ignorant of the Business Cycle. They are attempting to avoid or deny this truth, for the sake of their own interests. And our ignorance serves their ends, in fact.
What would you know, you are that guy who claims lower interest rates are helping the poor and middle class by luring them into more debt.
The fact is we have been in depression since 2001.
With lower interest rates you can go more and more in debt. In the old days it was called indentured servitude of Serfs. I guess we are suppose to be grateful for living a life paying off debts on minimum wage salaries. Or so the story goes
with higher interest rates you still are going to buy on credit what you need or want .
if you can't afford to buy them at low rates with credit and need them , you can afford to buy them even less at higher rates but you will buy what you have to or want regardless . you will just be in greater debt
with higher interest rates you still are going to buy on credit what you need or want .
if you can't afford tp buy them at low rates and need them you can afford to buy them even less at higher rates but you will buy what you have to or want regardless . you will just be in greater debt
That's all - just greater debt. The Modern Serf Society brought to you by the Billionaire Class, or should I just call them slave owners?
Sorry, I forgot to say thank you for all the debt you wish upon people. May I return in kind.
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