To: Lazamataz
Southack made a convincing argument that we are in a deflationary phase due to overproduction. I really don't think it's overproduction. Rather, I think we collectively reached our credit limit.
146 posted on
05/17/2009 3:22:24 PM PDT by
The Duke
(I have met the enemy, and he is named 'Apathy'!)
To: The Duke; Lazamataz
Most cannot see that the use of the federal reserve allowed the federal oligarchy to spread the growing debt onto the citizens, thus further indenturing even those citizens who have not been credit foolish. THAT is the serfdom we now face and so few--in fact nearly none of the talking ehads--actually comprehend what has taken place.
For the record, the Russian author is not far off, but he doesn't hit the mark ... yet.
147 posted on
05/17/2009 3:26:34 PM PDT by
MHGinTN
(Believing they cannot be deceived, they cannot be convinced when they are deceived.)
To: The Duke
I really don't think it's overproduction. Rather, I think we collectively reached our credit limit. Yes we did. We have way too much debt; as consumers, as a government, and as businesses.
153 posted on
05/17/2009 4:38:18 PM PDT by
NeoCaveman
(control the teleprompter, control the world)
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