Posted on 08/12/2015 6:44:05 AM PDT by blam
copper WIRE
Miss more coffee please...
Any examples and recommendations on things to buy and hold/resell? Other than metals? In the past, the joke was to buy wheelbarrows so you could cart inflated cash around to buy necessities; I'm looking for more realistic examples.
Honestly, I don’t care what their definition of a recession is, with 40-90 million people out of work, you can’t tell me we’re not in the middle of some sort of recession.
This is not a normal economy for the United States, and they continue to lie to us about it.
Printing money by the FED will not fix the problem unless we stop the DEBT BUBBLE. We are about to take an oncoming train in the rectum and we are not listening to market.
You talking about gov't debt or private debt?
Stop, please. You’re low prices are killing me!
It’s a gift, but only if we elect a Republican.
Very good, RD, on the monetary side, but what is killing the world’s economy is terrible fiscal policy. China is paying for its centrally planned economy and missing (read aborted) people.
It’s the pension crisis, tax and regulatory policy that are at the heart of the problem. In a word: socialism.
If you know of an illegal counterfeiting scheme coming out of the Federal Reserve then you should report them to the FBI promptly. ;-]
Fed doesn’t print money. The US Treasury prints money.
So do I really need to go through all of that that most people on this thread already know or do I need to attend to an anal retentive declaration like you make.
I do believe,however the Constitution of the United States specifically spells out what money is and who has the authority to create money and what it is to be created from. But we are not talking about that, are we?
Government debt is backed only by the full faith and credit of the USGoverment. As long as it can take money from the people they can retire some debt. But as long as the debt bubble exceeds 40 billion per month approved by congress and that overall US debt (both private and govt) it cannot catch up and the bubble (debt) grows. Deflation.
So what does the FED do?
I believe they missed the window of opportunity years ago to raise interest rates, which not doubt would have resulted in substantially higher unemployment. That was politically unacceptable, but the laws of economics will impose that on us, unfortunately.
So, my answer to you is, I do not know what the FED should or would need to do. I think the laws of economics will force this disaster and all of its permutations to a showdown, the likes of which we have never seen in this country. We have economic cancer and we have known it for years , and we are taking aspirin for the cure.
Do you think these trends can be reversed back toward normalcy? I would like good news if you do.
The FED is out of solutions and the patient is still sick. Imagine a flu being suppressed by antidiarrheal and that’s what the FED has done via low interest rates. They cannot help themselves as they’re bankers and view the world through the eyes of a creditor.
The government bailed out banks creating even more moral hazard. Eventually, you have to let the virus take its course. We’ll survive, but there will be upheaval. The Establishment works always for the status quo, but if the river wants to leave its course it will.
ZIRP isn’t healthy and isn’t going to fix the problem. Lower debt will. A return to the 2007 regulatory system, better to go back to 1970 even, will fix it. A reduction in taxes or replacement of the current tax code with a consumption tax will do it, but no matter what the recovery of the patient will hurt.
But after an intense decline over a short period trust returns and people pick up bargains and the economy restarts. That’s the history of US deflations. The difference between previous deflationary periods is government intervention via the FED and massive Big Gov.
The Federal Reserve Bank is not Federal, has no Reserves and is not a Bank.
Answer: BOTH.
That sure is confusing.
I hope you are correct and I am wrong. The great depression ran from 1929 to 1946. It took a World War and over 4500 work projects to pull us out of that depression. Everything I read indicates this will be much worse and much more dangerous. I think it will move us toward a world currency and our history of our standard of living will decrease and those in third world countries will rise. I guess we will all do the best we can and deal with changes as they develope.
That’s not the true history. Hoover moved the country toward central planning and FDR, after attacking him over it, doubled down. WW2 didn’t ‘get us out of the depression’.
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