Posted on 01/08/2009 7:27:03 PM PST by sickoflibs
pssst... Buy some soap and toilet paper as well!
Keep it a secret as well, no point in having to shoot one or more of thy neighbor now is there. I was having trouble keeping my wife quiet about it until I explained it to her in that light.
The booms and busts are just crack cocaine highs and crashes and the addict (Washington-MSM-stockbrokers-americans) are putting the crack rocks on their kids credit cards because "we have to". None of these even republicans ideas fix anything. It's all “we have to” like the parents on A+E Intervention buying their kids more crack, to keep them out of jail for stealing, “we have to”
What Peter failed to predict is the current deflation and run on the dollar after inflation and intrest rates killed the super stimulus bubble in late 2007-2008. He had predicted the rest of the world would survive without our borrowing and consumption of our products and so the dollar would continue down, our inflation up. But given current Washing plans to repeat the past on a more massive scale, inflation+interest rates are on the way (in fact last night democrat CNBC Cramer said we need inflation now, not kidding).
Will another crash cause deflation? Will it bring down the world again? Or can they adjust so their loaning us money isnt keeping them employed. Or maybe democrats are right and americans will save so much the only demand is the government, and government employees save creating no real jobs or inflation. Is he wrong? Can we just borrow and consume forever? Long term how does that help tose that lend to us? If they stop loaning to us, our interest payments on dept can only be paid by even higher interest loans and printed money. Does our consuming really make the world go round or is it just another suckers game, last one holding debt like Peter said at link?
The name sounds familiar - isn’t his dad in jail for tax dodging?? Irwin? Just wondering.
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