Posted on 02/26/2015 5:41:52 PM PST by Red in Blue PA
The fact that the market is anticipating that the Federal Reserve will raise interest rates, yet the yields on the 10- and 30-year Treasurys are falling is an indication of how weak the overall global economy is, former Fed Chairman Alan Greenspan told CNBC on Thursday.
In fact, effective demand is extraordinarily weak, he said.
"The way I measure it, it's probably tantamount to what we saw in the later stages of the Great Depression," Greenspan said in an interview with "Closing Bell."
That said, he acknowledged "it's not anywhere near what the problems were back then but we haven't seen anything like that since then."
(Excerpt) Read more at cnbc.com ...
Not enforcing the US border is implementation of NAFTA by the Democrats; with nearly 1/2 of the Democrat the Black populace, adding the Brown populace would give them a commanding lead of the Independents and Republicans.
A new currency is indeed in order, that is short order.
That is true by definition. When the value of the regime's money approaches zero no one will life a finger to preserve or defend it.
Yes, this is a depression, but it’s not in the late stages. We have about 8-9 years to go. So far it has taken a shallower path than the Great Depression, which makes sense given the demographics involved.
Depressions always exact their price. They also always end, and are followed by much better economic times.
Fortunes and being made even now. Fortunes tend to be seeded during depressions and blown during booms. There are opportunities out there, and there will be more coming.
(Your reply) Are you crazy or just joshin' us?
What is it you think I was trying to say that brought about that response?
Of course it's going to be a mess. Anyone who can think this policy through would reach that conclusion.
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