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you are all wasting your time arguing with a cult of doomsayers who as a goup have never been right over the long haul. you will never convince them of otherwise . you may as well move on to something more productive
When I was young, I used to get up early to watch Saturday morning cartoon shows. Now, I do this. Though there may be some here and there, it's not really about the productivity.
No real economic growth is possible unless we raise rates and experience massive pain, defaults and bankruptcies, unless we destroy all bad debt that we are so desperately protecting since 2001.
Sort of a modern day "We have to kill them in order to save them."
Sort of a modern day "We have to kill them in order to save them."
The path we have taken has failed - that is my opinion (not mine alone of course). How much longer do we continue on a path that is not working? When do we change direction?
As long as there is no debt reduction there will be no growth. What is not to understand here???????????
you are all wasting your time arguing with a cult of doomsayers who as a goup have never been right over the long haul. you will never convince them of otherwise . you may as well move on to something more productive
What about the CULT OF CHEERLEADERS that you belong to? You know, that group that has no understanding about economy at all, and thinks we have been recovering since 2008, we have been growing our economy. :
The ONLY thing that we have managed to grow since 2001 (especially since 2008) is DEBT. That's right, Obama and LUNATICS at the Fed doubled our national debt in 8 years. We should have begun raising rates in 2001. We did not. We lied to ourselves. We wanted Growth (pleasure, wealth, expansion, power) to last forever, without those nasty years of correction. So we faked a recovery by stealing money from the future, via the FED.
So, we are in trouble. Our BOOM-BUST economy needs the BUST cycle also, or it doesn't work. We can have a NO Growth economy, but it will be much different than the economy we have growth accustomed to. In all economies, however, failing to protect the local currency leads to self-destruction. If we want the Dollar to continue as the gold standard in the world we need to raise rates and engineer a global economic deflation with all of the negative consequences. We need to destroy debt on a massive scale.
People like you Mathjak wants us to believe that everything is fine now, that we have recovered from 2008. Guess what, I don't believe that. We have only stalled our economic folly by cranking rates down to zero, to camouflage the truth. What happens when rates begin going up again --or do we simply instigate NIRP as the new normal, for ever, for the rest of our human existence? That is how the world ends, not with a bang, but with a whimper?
What about the CULT OF CHEERLEADERS that you belong to? You know, that group that has no understanding about economy at all
Yeah man they haven't watched nearly as many scary youtube videos about the economy as you have, how dare they try to stack economic credentials with you?
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