Debt Approaches 17 Trillion
07-23-2013, 01:32 PM
#41
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Originally Posted by brianb
That may be so but, it is the Fed that prints money from nothing, yes? Unsound monetary policy is, in my opinion, the major crux of this nations financial problems. Duh. Wages have to increase to match the never ending printing of monopoly money with no end in sight. Our purchasing power is so weak what will it take to return thus Nation to sound financial principles? It ain't working now, at least not for the average Joe. The Fed must go. We did fine before them even with the occasional fubar, but, we still made it. They haven't made our country more financially stable in the last 100 years and in fact, history proves they have made it worse. Like 17 trillion in debt.
In any fiat system expansion of the economy hinges on increasing credit and debt. Normally this happens as actual demand for money triggers it, in some schools of economic thought it is believed that cash injections by debt creation stimulate the economy. Just like some believe heroin stimulates the soul.
Whether you base a currency on fiat or specie(gold for example) it is management of debt and credit which give the money sound value.
All historic episodes of hyperinflation in fiat currencies were caused by high debt in conjunction with printing money far in excess of real demand.
The FED is only half the problem, the other side of the equation is the unholy alliance with those making monetary policy. Without both participants control would be impossible.
In effect they have painted themselves into a corner, slack off the stimulus and the economy tanks, keep up the stimulus long enough and you will get a crash. Neither choice is considered good, but it is hurt a little now or a lot later.
And by the way the debt is far closer to 200 trillion dollars now.
Take a close look at the numbers here: http://www.usdebtclock.org/
07-23-2013, 03:52 PM
#42
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That was extremely depressing to look at. Thanks for deepening my disdain for the morons at the Fed and our gutless politicians who have stood by and done nothing except dispense lip service. They should all, for the most part, be tared and feathered. God help us.
07-23-2013, 05:51 PM
#43
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Originally Posted by brianb
That was extremely depressing to look at. Thanks for deepening my disdain for the morons at the Fed and our gutless politicians who have stood by and done nothing except dispense lip service. They should all, for the most part, be tared and feathered. God help us.
07-23-2013, 06:44 PM
#44
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Position: Airbus 319/320 Captain
Posts: 880
Originally Posted by Red Forman
When you have idiots like Anthony Weiner leading the polls for NYC mayor, all hope in humanity and man kind has been flushed down the toilet. You really shouldn't be surprised with our situation when uneducated people are allowed to vote.
07-23-2013, 07:45 PM
#45
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Originally Posted by Red Forman
When you have idiots like Anthony Weiner leading the polls for NYC mayor, all hope in humanity and man kind has been flushed down the toilet. You really shouldn't be surprised with our situation when uneducated people are allowed to vote.
Originally Posted by brianb
Believe me, I'm not. My hope that a spotlight and pertinent, real questions would be asked by people in charge, the major media being one, is all but dashed on the rocks of despair. Not one major network stepping up to the plate. I do believe that our 200+ year run as a nation of hope and opportunity may be coming to an end. I hope I'm wrong.
It has accelerated in the last few years, but everyone participated and benefited from the the vig. I am always impressed by well organized crime. It takes a certain panache that few of us possess.
At this point the only thing that can possibly change the direction is a crash. Nobody is going to leave the game when it is going so well.
07-23-2013, 07:57 PM
#46
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Time to stock up on Costco toilet paper and ammunition.
07-23-2013, 07:58 PM
#47
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Posts: 6,191
Originally Posted by N2264J
The budget writers are not necessarily corrupt or incompetent. They are just working within the law and current policy. It's all legal.
The system is corrupt. Getting the money out of politics by reversing Citizens/United, no more than 6 weeks for any elections, tax payer funded elections for anyone
wanting to run, locking the revolving door between industry and Washington - these would go a long way toward getting our democracy back.
I don't necessarily want more government. I want to fix the government we have.
For example - meaningful oversight of the executive by congress and federal
regulators that do their job without sucking up to the industries they're suppose to
be policing to parlay a cushy job when they leave government service, unfunding the empire and dialing back the defense/intelligence apparatus which is breaking us.
It's fixable if we have the political will to establish a fascist firewall between corporations and Washington.
.
The system is corrupt. Getting the money out of politics by reversing Citizens/United, no more than 6 weeks for any elections, tax payer funded elections for anyone
wanting to run, locking the revolving door between industry and Washington - these would go a long way toward getting our democracy back.
I don't necessarily want more government. I want to fix the government we have.
For example - meaningful oversight of the executive by congress and federal
regulators that do their job without sucking up to the industries they're suppose to
be policing to parlay a cushy job when they leave government service, unfunding the empire and dialing back the defense/intelligence apparatus which is breaking us.
It's fixable if we have the political will to establish a fascist firewall between corporations and Washington.
.
07-23-2013, 08:01 PM
#48
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Joined APC: Jan 2006
Position: Burning the Agitprop of the Apparat
Posts: 6,191
Originally Posted by vagabond
Time to stock up on Costco toilet paper and ammunition.
People can only last two weeks without food, we are all coming to your house.
07-23-2013, 09:03 PM
#49
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Joined APC: Feb 2006
Position: 767A (Ret)
Posts: 6,248
Originally Posted by jungle
At this point the only thing that can possibly change the direction is a crash.
Of course, a better alternative would be a lucky or prescient pit stop.
07-24-2013, 06:00 AM
#50
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Joined APC: Jan 2009
Position: Airbus 319/320 Captain
Posts: 880
Originally Posted by jungle
Guys this is nothing new, it has been going on for decades, trying to point a finger at the guilty party is a waste of time.
It has accelerated in the last few years, but everyone participated and benefited from the the vig. I am always impressed by well organized crime. It takes a certain panache that few of us possess.
At this point the only thing that can possibly change the direction is a crash. Nobody is going to leave the game when it is going so well.
It has accelerated in the last few years, but everyone participated and benefited from the the vig. I am always impressed by well organized crime. It takes a certain panache that few of us possess.
At this point the only thing that can possibly change the direction is a crash. Nobody is going to leave the game when it is going so well.
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