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I believe the priinting of so much money is that this country is in dire trouble because of the housing crisis... the banks don't have any money because of millions of mortgages are not being paid back to the banks.. the government is shoring up the banks with more money. it will evenually bring more inflation and eroding everyone's savings and value of the dollar. In other words , we are in a depression.
We are in economic stress because of the housing market and millions of foreclosures bringing home prices down , lack of oversight by Greenspan and Bernanke , and now they are trying to fix the unfixable.
It will get worse because the damage is done . It will be years before this situation clears .. we are in for an unstable economy and it is so big no one has the answers. This government is spending like there is no tomorrow because they don't know what to do but it isn't spending that brings about economic strength. Interest rates were kept low for too long bringing on a spending spree for many of Americans and now they have to pay the piper.
The government is overextended into the future and the congress just gets together daily to fund their project, programs to the extend we are broken.
He is saying whatever people want to hear. The Fed has been a problem for decades, but this guy never said anything about it before. Now he says stuff because eveeyone else says the same things.
What you obviously don't realize is that if it weren't for Benny and Timmeh, the economy would be much worse than it already is.
I wish people would stop pretending that the understand economics and just freakin read and study for a change. Is that too much to ask?
FYI, though my domain is electronics engineering, I'm a financials geek since my kiddo years. It's also part of my profession at the moment, though I don't work in wall street. Some of us do understand economics.
The good work Benny and Timmy did ended somewhere in 2008, credit goes to Hank Paulson. They simply lost the plot after 2008 and grossly misled Obama and his administration.
I believe the priinting of so much money is that this country is in dire trouble because of the housing crisis... the banks don't have any money because of millions of mortgages are not being paid back to the banks.. the government is shoring up the banks with more money. it will evenually bring more inflation and eroding everyone's savings and value of the dollar. In other words , we are in a depression.
We're not in a depression yet. We can stay out of it if we apply Keynesian methodology.
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We are in economic stress because of the housing market and millions of foreclosures bringing home prices down , lack of oversight by Greenspan and Bernanke , and now they are trying to fix the unfixable.
It was never their job to regulate lending; they controlled the interest rates. The banks wanted to make more money because a source of their revenue had been cut, but they still have the obligation to know what they're investing in, and they didn't.
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It will get worse because the damage is done . It will be years before this situation clears .. we are in for an unstable economy and it is so big no one has the answers. This government is spending like there is no tomorrow because they don't know what to do but it isn't spending that brings about economic strength. Interest rates were kept low for too long bringing on a spending spree for many of Americans and now they have to pay the piper.
The government is overextended into the future and the congress just gets together daily to fund their project, programs to the extend we are broken.
I don't entirely disagree with this. I think the government is definitely spending money, and it's a gamble, but the spending of money itself isn't really the problem; the problem is how people in this economy are going to react if we come to the realization that the loosening of the Fed dollars doesn't really pay off the dividends that we hope. I liken Bernanke and Geithner to two pilots who are desperately trying to save a stalled aircraft. There's time to salvage things, but we're getting closer and closer to the ground, and they're running out of options.
The real solution to the problem is not merely stopping the printing of money, and I am really tired of this nonsense that's being tossed around that suggests that cutting treasury spending and the budget is going to solve all of our problems and that the market will just recover on its own. There is absolutely no evidence whatsoever to support this theory. Budget cutting, if anything, will decrease the number of laborers, which would mean that, as budgets get lighter, employment and thus taxable income will also get lighter. That's saying nothing of the economic impact of having fewer people with incomes and fewer spenders in the economy.
This anti-treasury, Ron Paul nonsense is based on solid ideology and assumptions -- not a thing more. It's not based on any facts or even common sense when one really stops to think about what happens in an economy. I increasingly get the feeling that we're doomed to find this out the hard way.
Perry is desperate to win because the establishment is running scared of Ron Paul. They don't want to admit that Paul is actually a frontrunner so they ignore him and copy him.
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Originally Posted by enemy country
How can a person who wanted to secede from the union because the President is black call someone else treasonous.
Cite specifically where Perry said he wanted to secede because Obama is (half) black?
Where did you get your crystal ball that told you that things would definitely be worse?
Worst case scenario is already here and the global economy is in the midst of it.
Germany's GDP grew just 0.1% which is tanking the markets today. France is looking at a downgrade pretty soon, and if this is Germany's state, the collapse of the EU is only a matter of time.
Perry is a skunk and globalist trying to capitalize off the media attention Ron Paul has brought to the issue.
Ron Paul will never be the GOP's front-runner. I had mentioned that earlier
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