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You asked who should be our next Fed's Chairman. We need someone like Paul Volcker. Who is going to be our next Paul Volcker?????
I never asked who our next fed chairman would be. I asked who would you expect to chair the fed, read the context of what I quoted and said, if not for wall at exes. It makes plenty of sense for ex wall st folks to chair. Maybe you should read Volcker's employment history bbbbbecause he worked plenty for Chase OMG
Our debt is manageable so I'm not sure why you suggest otherwise. Janet will raise rates so just sit tight, inflation will erode the debt over time
Manageable, really? We have build huge debt bubble and we have to destroy that mountain of debt if we ever want to catch the organic recovery train riding up. We can't have a real organic growth with a mountain of debt strapped to our backs.
Getting free of debt is the liberation required in order to grow a new economy. Debt is a cancer, we need to suffocate it. No real growth is possible until Deflation is allowed to do it's job.
Manageable, really? We have build huge debt bubble and we have to destroy that mountain of debt if we ever want to catch the organic recovery train riding up. We can't have a real organic growth with a mountain of debt strapped to our backs.
Getting free of debt is the liberation required in order to grow a new economy. Debt is a cancer, we need to suffocate it. No real growth is possible until Deflation is allowed to do it's job.
You've failed to demonstrate how we can't manage our debt
You've failed to demonstrate how we can't manage our debt
Why interest rates have been at zero for almost 7 years now? We have spent trillions of dollars to keep interest rates so low. The Fed is now in a terrific bind of having to keep interest rates low FOR EVER. Any tick up in interest rates represents a massive increase in a servicing an ever growing debt burden.
You don't get it, either we face the devil in the Black Forest now and allow Deflation to do its job of destroying bad debt or we strip our country bare to protect status quo, as we die bit by bit, each day the picture gets more bleak, as we use all our money to protect bad debt that we hold and protect the banks.
9/10/15 Lew: Raise debt limit to stop 'unnecessary risks'
u.s. Treasury secretary jack lew on thursday reaffirmed his view that the government could stay funded by extraordinary measures through late october, but urged congress to raise the borrowing limit and avoid unnerrcessary turmoil.
In a letter, lew noted that the treasury will reach its borrowing capacity once it exhausts emergency options. The department has implemented various measures, such as suspension of certain investments, to pay government bills ahead of the sept. 30 deadline to extend spending authority.
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Here you go, let's steal more public money from American taxpayers. Our leaders are insane!!!!
What kind of "recovery" is this???????????
Who would you expect to be chair of the fed? People often cry about it being a wall st ex but in very simplistic reasoning it makes sense that's where they'd come from
Not arguing that. But thats just saying "Well of course its wolves guarding the sheep, we didn't have any dogs!" There are possible safeguards that could have been put in place that weren't even attempted when the fed was formed. It doesn't invalidate my statement. Its a false choice.
Why interest rates have been at zero for almost 7 years now? We have spent trillions of dollars to keep interest rates so low. The Fed is now in a terrific bind of having to keep interest rates low FOR EVER. Any tick up in interest rates represents a massive increase in a servicing an ever growing debt burden.
You don't get it, either we face the devil in the Black Forest now and allow Deflation to do its job of destroying bad debt or we strip our country bare to protect status quo, as we die bit by bit, each day the picture gets more bleak, as we use all our money to protect bad debt that we hold and protect the banks.
And yet you still fail to show how our debt load is unmanageable. It's so strange almost as though you don't have any proof at all, wonder why that is?
Please STOP trolling here.. You have no desire to learn anything new and you only know how to defend your own view and current status quo. You think you are on the right side, good side and you avoid to recognize that there are other views, there is two parts of economic cycle = deflation and inflation, liek Day and Night.
You would like that Day lasts forever and you would eliminate the Nighr in economic terms. You want only growth and no rest. You have no idea how economy supposed to work.
Go back to school and take Economic class 101.
Kev, have you considered that econ101 doesn't actually call for our Economic Armageddon? There is a tremendous difference between normal business cycles and the destruction of the basis of our economic lives that YOUR plan calls for.
And yet you still fail to show how our debt load is unmanageable. It's so strange almost as though you don't have any proof at all, wonder why that is?
Moderator cut: .I just told you that any uptick in interest rates represents a massive increase in a servicing of our debt. Why do you think FED artificially floored rates at zero and is stealing money from the taxpayers for this scam? We are still adding debt. We are stealing money from the future to protect status quo of today.
What is our future, zero interest rates for ever, for the rest of our existance? Or how about negative interest rates????? This is perversion of the system.
This scam needs to stop. We need to raise interest rates and face the devil in the Dark Forest of Deflation!!!!
Last edited by yellowbelle; 09-19-2015 at 12:08 PM..
Reason: personal attack removed
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