Soi biker Posted December 6, 2010 Report Share Posted December 6, 2010 No,No Econ 101 is the problem. When Wall Street and the Fed started endowing (read bribing) Uni Econ departments and putting their yes men economists in as department heads, classicle economic thought in the US was replaced by Keynesian economics. Which is a never ending credit and debt scheme. Well, it will end and it appears we don't have long to watch the fat lady sing. Austrian Economic Theory is much superior for understanding economics. Please don't bring up Milton Freidman again his much closer to your camp than mine. Link to comment Share on other sites More sharing options...
LizardKing Posted December 6, 2010 Report Share Posted December 6, 2010 Very, very basically, when the real estate bubble popped, $5T evaporated from the economy. The Fed could print that much before any thought of inflation. As much as I personally hate the low dollar, it is the right thing for the economy at this point. Link to comment Share on other sites More sharing options...
Soi biker Posted December 6, 2010 Report Share Posted December 6, 2010 At this time their back is against the wall. And yes you could rationalize that is what they have to do. But the debt in its many forms is so large they will nerver caught up. The US is insolvent. It appears people on this site think the problem is deflation, yes some asset class are unwinding but the real problem is inflation. Protect your self from the coming inflation. Link to comment Share on other sites More sharing options...
exit2dos Posted December 6, 2010 Report Share Posted December 6, 2010 One problem is the banks who got the bailout money, meant to be spent in the US are spending it overseas. This month I've been to Shanghai and Penang. Both places have brand new Citibank offices. There's a brand new branch of Citibank at Suk & Asoke. The bailout money was meant to spend at home, not abroad, but the multinationals would rather spend it in Asia and are doing as they please, making loans in Asia and not US, where it was intended. Link to comment Share on other sites More sharing options...
Soi biker Posted December 6, 2010 Report Share Posted December 6, 2010 Exactly it appears part of the master plan is to export inflation all over the world. I hate to talk down my country. But I have read lately that wall street is buying up Credit default swaps against Irish and Spanish debt to drive up the cost of borrowing and exacerbate the Euro problem. The currency wars are on in many forms it's a race to the bottom for the currencies. Link to comment Share on other sites More sharing options...
LizardKing Posted December 6, 2010 Report Share Posted December 6, 2010 At this time their back is against the wall. Andyes you could rationalize that is what they have to do. But the debt in its many forms is so large they will nerver caught up. The US is insolvent. It appears people on this site think the problem is deflation, yes some asset class are unwinding but the real problem is inflation. Protect your self from the coming inflation. LOL! As I said before, find an Econ 101 class! Link to comment Share on other sites More sharing options...
Soi biker Posted December 6, 2010 Report Share Posted December 6, 2010 Why would I want to do that? Link to comment Share on other sites More sharing options...
Mekong Posted December 6, 2010 Report Share Posted December 6, 2010 3 X 3 X 3 Three Banks Three Countries Three Currencies I got caught with my trousers down so to speak a few years ago with the Iclandic bankiong fiasco when I had all of my eggs in one basket and have since learned my lesson. One can never trust a single bank, country or currency hence why it is better to hedge ones bets and spread the risk Link to comment Share on other sites More sharing options...
LizardKing Posted December 6, 2010 Report Share Posted December 6, 2010 Why would I want to do that? Because you are obviously clueless on this subject. But keep posting. It's entertaining. And contact Cav for that tin foil hat you seem to need. I'm sure he has an extra. Link to comment Share on other sites More sharing options...
chuckwoww Posted December 6, 2010 Report Share Posted December 6, 2010 Now we're really screwed... Government can’t print money properly By Zachary Roth As a metaphor for our troubled economic and financial era -- and the government's stumbling response -- this one's hard to beat. You can't stimulate the economy via the money supply, after all, if you can't print the money correctly. Because of a problem with the presses, the federal government has shut down production of its flashy new $100 bills, and has quarantined more than 1 billion of them -- more than 10 percent of all existing U.S. cash -- in a vault in Fort Worth, Texas, reports CNBC. http://news.yahoo.com/s/yblog_thelookout/20101206/us_yblog_thelookout/government-cant-print-money-properly Link to comment Share on other sites More sharing options...
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