Posted on 02/17/2009 8:58:56 AM PST by helpfulresearcher
Next time you post an article from that blog, would you ping me?
I find that to be one of the best written, clearest spoken, and most concisely stated summaries I’ve seen in some time.
Kudos.
Great article.
Valid point regarding the corrupt MSM.
Sorry, but it looks like there were at least a few hundred people just read it who had not read it before. I did it for those people.
If a few hundred new people read it, and a few dozen saw it before and just declined to click on it, then isn’t it better to post it?
If you are pimping your blog for clicks, as many are doing, then that is not cool.
I read the article. It is very good info.
I would be glad to. Does “ping” mean save your name and then make the comment to you? Or is there some automatic way to do it?
You may be right, but consider the following:
Europe did not have the world’s most used reserve currency, and thus could not count on loans of such magnitude to inflate a big bubble. Britain did have the pound and got a little bubble going before Thatcher, but nothing on the scale of the US dollar today.
If a bubble can’t be inflated then there is muddling through malaise. The results are more extreme if a large bubble can be created.
The goal is not blog pimping. There are no ads at the blog so there is no profit in that.
I just thought it was important, that people would want to know the info, and that different people were likely to be reading today.
Great! You have my profound apology. Thanks for the information.
LOL, I love it when conservatives act like a bunch of liberals in a shout down. LOL
Yes, I believe so, that is why the army wants to recruit illegals, finding someone that will shoot on order at the crowds.
Ping just means let me know when it happens, put my moniker up in the ‘To:’ line and for the reply just enter ‘Ping’.
I used to save a text document for names, separated by semi colons, of people I wanted to ping on another thread.
I’ve not found an automatic way to do it.
Harry S. Dent, Jr, in 1998 wrote “The Roaring 2000’s” and using spending by age groups and population by age groups said the colapse would happen in 2009. Also showed the same drops for the 1929, 1974 & partial 1990 drops.
Saw him on Fox Bussiness and due to his spending/age figures to lead to a DOW into the 6000’s and recovery not for many years.
It is funny in an ironic sort of way. I agree.
The reason you got your butt handed to you on FR for suggestion possible collapse was GWB was in office, and there is a tendency to view info on a partisan bias. Thus FR thought you are a crazy Ron Paul supporter or worst a Dem troll. I think we all need to become political atheist and view info based on data and not what we want it to be. What makes this recession different is the US never entered one where 1 in 4 mortgages are negative, consumer is 14 trillion in debt, govt is in debt and economy with a 800 billion annual trade deficit. The key to get banks lending is to find a way for them to get the foreclosed prop off their books. Unfortunately we have approx 4.5 years worth of foreclosed prop and only 30 percent are listed by realtors while the rest are held back by the banks to prevent losses on their books if they sold them now. This means that the normal homeowner must compete against foreclosure prices and real estate prices will remain low or go lower, causing more prop values to drop below the owners’ mortgages which in turn encourage owners to abandon their properties. There is no shortcut option to this problem except time, time to let these foreclosed homes and excess properties prices to bottom so people with money will swoop in to buy them. IMHO I think 2009 is the beginning of a global recession/depression that will last atleast five years (most likely ten) assuming the financial system does not collapse. Figure years of high employment, employed family members will take care of unemployed family members and friends until the country will rememerge. Gov in Wash DC will be unable to help us, everything will be resolved locally. Organized streets, towns and families are in a better position to survive the riots and chaos that will occur.
Excellent article. I printed it out for my husband.
bflr
thank you for the info. good read.
The litmus test I use is simple: Without government subsidies even if hidden, would this structure or system economically stay viable? If the answer is no, then you have a unsustainable program that like a leach simply exists at the expense of viable business. When it comes to certain programs such as defense, law enforcement etc. the answer is almost always “no,” but they are the exception to the rule, and are also one of the few areas where a federal and state run government is needed (conflict of interests, mass, coordination, commonality, etc.). Today however, many believe that the government should manage banks, education, power, health care and even influence what cars are built and light bulb we screw into our lamps. That won't go well for long. There is a huge difference between the words effective and efficient. A military is effective, and that's what they need to be, but they are not efficient, which private enterprise needs to be.
The stimulus bill will create or vastly expand new big government programs. Much of this money will go to nonviable projects, and the multiplying effect of the money infusion in many instances will be very low in an economic sense. Many of these ideas have long lead times that make them take effect too late, and because it's a government administering it, expect massive corruption and fraud. Even if Obama did nothing we'd eventually recover despite his call to immediate action. The real worst case scenario has already been adverted by keeping the lending from freezing up. I'd be more content with inaction and just suffering through what comes than the direction Obama is heading.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.