tag:blogger.com,1999:blog-53246864840716464.post8955726612359889690..comments2024-02-29T00:46:38.800-08:00Comments on Washingtons Blog: “By All Relevant Debt Indicators, the US Fiscal Scenario Will Soon Approximate [that of] Countries on the Verge of a Sovereign Debt Default”Unknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-53246864840716464.post-77125801456757713632009-11-24T05:07:55.412-08:002009-11-24T05:07:55.412-08:00AUDIT THE FED!! WHY SHOULD THEY OPERATE IN SECRET...AUDIT THE FED!! WHY SHOULD THEY OPERATE IN SECRET WHEN THEY CONTROL AMERICAS MONEY? AND; THE AMERICAN PEOPLE GET STUCK WITH THE BILL?? IS OUR U.S. CONGRESS & PRESIDENT REVELENT???Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-83342427878564889592009-11-05T18:14:08.482-08:002009-11-05T18:14:08.482-08:00Tom Hickey is right of course. Spiraling deflatio...Tom Hickey is right of course. Spiraling deflation IS winning the tug-o-war, -massively so, -even laughably so -in the face of all the efforts to rig the game.<br /><br />But deflation is not a problem. Deflation is not a problem -at this juncture in history.<br /><br />The problem is that -were the credit economy somehow impossibly re-inflated, its negative effect on most everyone's standard of living would be unbearable -when everyone compares -their standard of living- to the politically connected Wall Street thieves that have plundered every bailout.<br /><br />Those who are calling for guillotines and rebellion are gaining the upper hand, and a third world reality could break out at any time -worldwide. It has in fact broken out, in Mexico, in China -and all around the world.<br /><br />The American people long ago soured on this bailout business, -not so much because of their own financial condition, as for the excesses that were predicted and have since been brought to light.<br /><br />A depression is a wonderful time to be filthy rich and getting richer off the woes of all the shmoes in the bread lines -and- the picket lines. One would think an auto worker had a right to earn a living wage. -LOL-<br /><br />Even the inane health care and silly climate initiatives, if passed, will become a negative focus as their true bailout-nature gets more honest play.<br /><br />Scandal is all too common.<br /><br />But in this administration -scandal is being trumped by fiscal debauchery.<br /><br />If anyone really has some moral spine about their weakling personhood, they should laugh at the way Warren Buffett is being again trumpeted as some sort of financial geru on Geritol.<br /><br />And Bill Gates has gone absolutely brain dead -endorsing Monsanto genetically engineered products.<br /><br />Warren Buffett bought $5 billion worth of Bank of America common stock at $39.85 on the way down a year and a half ago.<br /><br />Now he's bought the Burlington Northern train set the feeble-minded old geezer always wanted as a knickered youth. That makes Buffett and Burlington Northern an awfully large target for anyone who is looking to target him.<br /><br />If jumping in bed with Warren Buffett is anyone's idea of a good time, -save us all!<br /><br />Buffett is immoral, a pathetic, clownish, and giggling cretin who could think of nothing better to do with his money -than to give it to Bill Gates. -LOL-Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-48840168929238413592009-11-05T13:05:37.276-08:002009-11-05T13:05:37.276-08:00Oh, really? Bill Mitchell: Zimbabwe for hyperventi...Oh, really? <a href="http://bilbo.economicoutlook.net/blog/?p=3773" rel="nofollow">Bill Mitchell: Zimbabwe for hyperventilators 101</a><br /><br />I'm not denying that the Fed is generating a big liquidity bubble. That's its objective in order to reflate asset values and rescue toxic debt. I'm not defending this either. I think it is the wrong policy. <br /><br />Still, the major problem the world is facing a spiraling deflation and in my view, deflation is winning. The government needs to spend more, e.g., a jobs guarantee program, as Randy Wray recommends <a href="http://neweconomicperspectives.blogspot.com/2009/10/time-has-come-for-direct-job-creation.html" rel="nofollow">here</a>. But that's regarded as way to radical even to consider. Trillions for Wall Street, handouts for Main Street.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-15928720128379342422009-11-05T11:56:19.654-08:002009-11-05T11:56:19.654-08:00This -for today's Libertarian muddleheads led ...This -for today's Libertarian muddleheads led astray by the gold bugs- is the Sixty-Four-Million Dollar Question.<br /><br />When will the people of the world get tired and suspicious of the growing pile of dollar bills under their mattresses?<br /><br />The answer is sometime after the sky falls, and even more likely -never when gold trades again at under $250.00<br /><br />There is no shortage of gold.<br /><br />There is a steadily growing and seemingly insatiable demand for dollars.<br /><br />You can send all your worthless dollars to me, if you're sure YOU've got it right, -otherwise.Anonymousnoreply@blogger.com