You call this a Merry Christmas ... ?

Discussion in 'Economics & Trade' started by LafayetteBis, Dec 18, 2018.

  1. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    From here: The alarming statistics that show the U.S. economy isn’t as good as it seems [May, 2018]

    Ho, ho, ho ...
     
    Last edited: Dec 18, 2018
  2. Quadhole

    Quadhole Well-Known Member

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    For those that watch Youtube Economists like Gordon Long you knew this was coming. Plenty of warnings from Peter Schiff, Lynette Zang, Jim Rickards and even Fox news Dave Stockman. Many in one way or another (like Jim Crarmer) were at one time part of the built scam.

    What 90% of the country has no clue about is how it all happened. 3 card molly game. Bush, Geitherner, Paulson, and Berneke made the biggest mistakes this country has ever seen. The Dems in Congress along with Obama signed off on it. Their Excuse : The country would have went into a depression had we not bailed out. That is a lie !

    Now, the VICE show on HBO which is suppose to be about people, the poor, making things better, bringing out the truth gave these very dopes a PASS with their new DOC. "Panic" It allows each one a platform to give an excuse for their move.
    Panic, Which was sure to come out before the next collapse. Thus, they get the pass before the second one. Pathetic that Shane Smith would allow it.

    Now, they have 2, maybe 3 choices. 1. We print again, make more money, lower the rate and do the same thing all over again. Which only pushes the problem, the debt, the cutting of services and other problems down the road. 2. You let it play out holding policy, keep rates the same or continue raising slightly, allow it to play out as it would creating a recession, then default on some of the debt, let it sink further into a depression and tax the RICH heavily like FDR did. This will work, but will take 10 -20 years to play out.
    3. Call a Jubilee, close banks, wipe out debt, student loans, corporate debt, government debt. and start over repricing everything, raise the price of GOLD 5-20 fold to match the dollar available value. Start over from that point...
    4. Go to electronic crypto by the world bank creating one currency. (wont happen) too many leaders that could never agree, china would lose their export advantage, and so on, just a dumb idea that will never work.

    Whatever happens, if they do NOT go back to the 1972 GOLD standard, where every Dollar/Asset MUST be backed by either GOLD or Silver, the same thing will happen again.
     

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