alstry!!!!! STRIKE THE ROOT!!!!!!!!!!!!!!!!!!!!!!!!
For over a year you've warned us about the problem of imploding debt.
WHAT HAPPENS WHEN THERE IS TOO MUCH DEBT AND NOT ENOUGH INCOME TO COVER THE OBLIGATION? TO THROW FUEL TO THE FIRE, INCOMES ARE DECLINING (AT ALL LEVELS-GOVERNMENT, CORPORATE, AND INDIVIDUAL) AND ASSET VALUES ARE CRASHING AT THE SAME TIME!!!!!!!!!!!!!!!!!!!!!!!!! - alstry, March 30, 2008
It's all true. There is too much debt!!!!!! On that much, we've always agreed. But what is the solution???????
That is always the State's solution, but is that what we really need??? The 2008 SEC Guidelines: Rules and Regulations is 4,116 pages long!!!!!!! Order it here from Amazon for a mere $203. Guess who writes these regulations? The same people that are jobbing the system every day!!! (The downfall of the regulation-loving-Left has always been their belief that regulations will be enacted in the same way that they themselves would write them. Unfortunately, in real life, the power brokers just rig the system even more in their own favor.)
You and I both know that working Americans are already over-taxed.
This family, which earns twice the income of the average family, with not so out of this world leverage, and average health insurance spends 91% of its income on taxes, interest, and insurance. - alstry, April 1, 2009
Is It Just Greed Run Wild?????
If it is, I'd like to know exactly what time in history humans haven't acted greedily. I'd like to see some charts and cute graphs that measure greed and define exactly how much is too much. It's the method of the charlatan to point to greed after the fact, but altogether useless. Humans are greedy. Wow, what an insight. Thanks Paul Krugman. What would I do without you?
Does the tail wag the dog? Who cares??????
It's all the rage right now in economic debates. What comes first? Money creation from the central planning machine or credit money from its tentacles at the various fractional reserve banks? Is the money multiplier theory of neoclassical economists going to be proven wrong? Does it really f**kin matter??????????? To predict short run inflation/deflation scenarios, maybe. In the long run, however, I don't care if the dog is wagging the tail or vice versa. Either way, the American worker is about to get it doggy style.
NO NO NO!!!! alstry!!!! STRIKE THE ROOT!!!!!!
What has made the explosion of credit money possible??????? What would these lenders do if they didn't have a backstop??????? What would American sheeple do if they didn't have FDIC?????? What would happen if the cost of money was set by savers rather than central planners??????? What bank would leverage itself 250:1 if it didn't have friends in high places????? What investment brokerage would bet its own existence in every overnight trading session if it didn't pack the money creation machine with its own buddies and pals???????? What investor would ever separate a derivate from its underlying security unless it knew that it could be bailed out at taxpayer expense????????
Alstry, you know as well as I do that it's not about greed or regulation or taxation or neoclassical economics vs. monetarists!!!!!!
You are the most popular blogger in CAPS history. You have 10,000+ rec's and counting. You have the power and ability to make an impact.
STRIKE THE ROOT!
David in Qatar