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Everybody always says things like "historically" and "it should be this or that" but the fact is just because something worked one way in the past does not mean it works the same way now. For example I remember when even I was saying "the Fed printing all this money will bring back inflation". Everybody thought so because it is what happened in the PAST. But guess what- NO inflation on the horizon. We are in a new global economy now and it is making its own rules. The old rules don't mean a thing now. So NOBODY can tell you with any degree of certainty what will happen.
The bailouts and stimulus packages were designed to reflate the economy which did not work. Look at whats going on now around the world to see the symptoms of big problems to come here. Ben Bernanke said himself to Milton Friedman that the "Federal" Reserve caused the last great depression and they seem to be determined to cause the next great depression.
Mathematics and long term history are a good guide for whats going on. Partisan hacks and politicans seem to be the most clueless to whats going on. Our monetary system is on a unsustainable path which means major change is indeed coming. The United States is currently controlled by a large financial empire as the so called flash crash on May 6, 2010 showed during crucial voting on financial regulation reform that was to happen that day. That looked like financial terrorism to me. We have a broken market and a broken economy. Ben Bernanke thought he could reflate the economy but has completely failed as evedenced by the lack of inflation.
Everybody always says things like "historically" and "it should be this or that" but the fact is just because something worked one way in the past does not mean it works the same way now. For example I remember when even I was saying "the Fed printing all this money will bring back inflation". Everybody thought so because it is what happened in the PAST. But guess what- NO inflation on the horizon. We are in a new global economy now and it is making its own rules. The old rules don't mean a thing now. So NOBODY can tell you with any degree of certainty what will happen.
Lets see back then there was a down turn in the stock market,the federal reserve response was to print money.Which in turn the market responded and went back up and the economy was improving slightly.So much so that POTUS Hoover thought the depression was over.And then the crash.
Lets see there was a down turn in the stock market,the FR response was to print more money but on a grander scale.Which in turn the market responded and went back up and the economy shows some signs of improving.So much so that Obama says the stimulus is working.And then the ______.
One definition of ignorance is doing the samething over and over again and expecting a different result.With that in mind it is rumored that they are seeking another stimulus of 200 billion.Funny if the stimulus is working why do they think they need another 200 billion? The definition of ignorance .........
Lets see back then there was a down turn in the stock market,the federal reserve response was to print money.Which in turn the market responded and went back up and the economy was improving slightly.So much so that POTUS Hoover thought the depression was over.And then the crash.
Lets see there was a down turn in the stock market,the FR response was to print more money but on a grander scale.Which in turn the market responded and went back up and the economy shows some signs of improving.So much so that Obama says the stimulus is working.And then the ______.
One definition of ignorance is doing the samething over and over again and expecting a different result.With that in mind it is rumored that they are seeking another stimulus of 200 billion.Funny if the stimulus is working why do they think they need another 200 billion? The definition of ignorance .........
well said.
How to do things differently.
We need the debt bubble to come down. This normally does really bad things to the economy. There are two way to do this one is to have a wage price inflation and the other is to have a debt bubble collapse. The debt bubble collapse can be softened in its severity by printing (and I mean minting coins not making more national debt.) and giving it to everyone. This will tend to cover the shortfall in liquidity that the collapsing bubble makes. The extra cash will make things go smoothly. How you get the debt to come down is you pass a tax on the payment of interest on debt. Everyone pays including the banks. This will effectively raise the interest rates with out raising the interest rates. Then get higher wages/prices by pushing on the minimum wage. That is how you have a growing economy and deflation at the same time.
" the revenues from trading activities for these banks are practically guaranteed to be highly volatile in the event of significant market disruption – a disruption aptly described by the esteemed Professor Roubini as a rush to the exit in the “Mother of All Carry Trades” as the largest macro experiment in the history of this country starts to unwind, or even if the participants in this carry trade think it is about to start to unwind. " from the link
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
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Quote:
Originally Posted by MN55
Yea, we're screwed.
We will be fine. It is darkest just before the dawn. There is light at the end of the tunnel. It is morning in America.
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How to do things differently.
