This is what happens when you
This is what happens when you think a depression is an avoidable, artificially induced disease, rather than a naturally occurring cure to the true disease of excess debt and financial 'innovation".
View ArticleHe is essentallly correct in
He is essentallly correct in the premise that; if your balance sheet is underwater, people wont loan to you, and the correct action is to pay down your debt. Maybe if he applied his theory a national...
View ArticleDisjointed mild rant to
Disjointed mild rant to follow.Too much vig in the economy. Financialization (corporatism, fascism, NWO,) has permeated all facets of society, you are paying it everywhere. There is a financial...
View ArticleMup Pi, I am in the same
Mup Pi, I am in the same business, engineering. I changed businesses, now I am a Commissioning Agent and no longer design mechanical systems. I started my own business and I am doing just fine.The...
View ArticleI am hoping for deflation and
I am hoping for deflation and planning for hyperinflation.
View ArticleNice interview. Odd to hear
Nice interview.Odd to hear him describe large scale private sector delevering as a "disease."
View ArticleThey couldn't do better than
They couldn't do better than cash for clunkers?! LNG export infrastructure would have been a better place to start...
View ArticleThe US has been bankrupt
The US has been bankrupt while getting new loans since the 70s ...
View ArticleIf you get into the details
If you get into the details of the spending 'stimulus',mostwent to shore up States spending on such vitals as bloated admin.pensions and boondoggles.The money was pissed away..
View ArticleIndustrial activity itself
Industrial activity itself is waste with no return. The only support for industrialization is the taking on of more and more debt. In fact it is the reason for it.So-called 'modern economy' is...
View Articlethe debt spending did not get
the debt spending did not get Japan out of recession... how can continuing to dig holes to climb out of the last one get you anywhere?Koo is a(nother) State-aid moron
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