What happened to all of the doom and gloom economic threads?

[richard_daily]

awesome, your a member of a gay web site. cool! good for you, glad to see you come out of your mothers closet.

by the way, Stars is showing a movie about your family. its called "The Crazies"

Dude, that's vetteman. He likes to hit on you and pretend that you're a woman. It's called "roleplaying".

 

[Luk]

Dude, that's vetteman. He likes to hit on you and pretend that you're a woman. It's called "roleplaying".

Can't be vette, that guy isn't limp and he's not wearing a really cool jacket.

 

[jeninflorida]

Can't be vette, that guy isn't limp and he's not wearing a really cool jacket.

personal experience, or is Vette in your sexual fantasies?

 

[Frisco_Slug_Esq]

How did I know merc was going to gush...

The Keynesians finally got their wish. The Federal Reserve plans to inject $600 billion dollars of the most caustic debt imaginable into the economy. This is the Agent Orange of monetary policies that has the potential to wreak financial havoc.

In the hope of generating inflation, the central bank is going to enable deficit spending by buying treasury bonds. You read that correctly; the primary goal is to erode the value of the dollar, and we get to watch our currency and wealth literally dissolve before our eyes.

Only a desperate government would consider debasing its own currency. The resulting inflation will be an insidious tax on every American who will suffer as wages lag behind increasing prices. It is doubtful countries like China will react favorably to the precipitous drop in the value of the debt owed to them.

This strategy of monetary sabotage will punish savers and creditors, but Keynesians simply will not tolerate anything that impedes deficit spending. Since deflation hamstrings spending, they will stop at nothing to reverse deflationary pressures.

Despite the misinformation propagated by these big spending liberals, deflation has existed during extraordinary periods of economic growth and did not adversely affect consumers or wage earners. In fact, deflation is not only a common occurrence in a free economy, it is indicative of a vibrant and healthy economic expansion where innovations and efficiency that competition engenders lower the costs of production. These lower costs translate into lower product prices benefitting the consumer.

Consumers were not harmed by the significant deflation of personal computers prices over the last two decades and despite these falling prices there has been explosive growth and profits. No credible economist could argue consumers, manufacturers, or the economy would have been better served if the government intervened and forced computer prices higher. Yet Keynesians propose our economic woes can be ended by forcing the price of all products higher.

And in spite of the fact the government intrusion in the market was the root cause of the mortgage crisis; Keynesians continue to affirm that capitalism and central planning can co-exist. This is patently false. You can either have a centrally planned economy or a free economy, but not both.

Like all Keynesian economic theories, our mixed economy has failed in its real world application. It is unworkable because of the extreme market distortions caused by policymakers and regulators who continually demand more control to "fix" the problems their social engineering schemes caused in the first place. Justifications for more interventions are just excuses to incrementally takeover the economy and demolish any remnants of capitalism. And without capitalism there are no individual rights.

Even though the US economy has been steadily devolving into either socialism or fascism for over a century, the dramatic acceleration of change has caught the attention of unsuspecting Americans. But make no mistake; the economy would have eventually reached this point with or without the housing crisis.

It is astonishing to watch the self-proclaimed experts preach the falsehood that the fascist polices of the FDR administration that was enamored with the "triumphs" of Stalin and Mussolini successfully ended the Great Depression. Quite the contrary, they were a colossal failure that resulted in years of unnecessary misery.

And these same charlatans credit the recent multi-trillion dollar spending orgy with preventing a depression even though they cannot produce a shred of evidence it yielded any sustainable economic growth or created a single long term job.

In actuality, the only thing the abhorrent spending accomplished is an historic theft of wealth from future generations who will bear the awful burden of our malfeasance.

Now there are troubling signs that indicate the crisis has entered a coffin corner where any corrective action will lead to catastrophe. Deficit spending to increase aggregate demand will eventually bankrupt the nation while budget cuts, will cripple our increasingly fascist economy that has grown dependent on government spending.

Unfortunately, with the student pilot who fancies himself an airline captain currently at the controls, the prospects of avoiding a financial crisis that could dwarf FDR's man-caused disaster of the 1930's would be a miracle at this point.

There is one ray of hope, however. Americans are beginning to shrug off the fallacy that government spending and other interventionist measures improve the economy over the long term. Many now understand that it is the government that is causing the increasing amplitude and frequency of boom and bust cycles. They also recognize that floating prices in response to competition for limited capital resources is a far better regulator of economic activity than these central planners could ever dream of becoming.

Whatever remedial action is taken, there are very scary times ahead that will test the steadfastness of even the most ardent supporters of capitalism and limited government. Panic stricken policymakers will undoubtedly act irrationally trying to prevent the inevitable plunge off the cliff.

We reach the edge of the cliff when the interest on national debt exceeds approximately 18 percent of GDP.

Peter Raymond
The American Thinker
__________________
“There is one good thing about Marx: he was not a Keynesian.”
Murray Rothbard

 

[richard_daily]

Reagan and Hitler were both Keynesians.

I'm sure you knew that already, right?

 

[Saint Peter]

How did I know merc was going to gush...




Peter Raymond
The American Thinker

Why 18 percent and not 16 percent or 24?

 

[firespin]

Reagan and Hitler were both Keynesians.

I'm sure you knew that already, right?

So you're now admitting they were two different people?

 

[Frisco_Slug_Esq]

Federal taxes have traditionally run at around 18 percent of GDP.

 

[Frisco_Slug_Esq]

Laffer was a Keynesian?




http://spectator.org/archives/2010/02/10/the-coming-crash-of-2011/print

 

[Frisco_Slug_Esq]

Federal taxes have traditionally run at around 18 percent of GDP.

According to the Heritage Foundation, total tax revenues historically average 18% of GDP no matter how high the tax rates are set. When interest expenses equal 18 percent of GDP, then every dollar collected by the government will be consumed by interest alone.

The federal government will literally have to borrow money just to turn on the lights.

Does anyone think private property rights will have any meaning when the federal government runs out of money to fund its own existence?

__________________
They become apt to take because they wish to spend and cannot do this easily; for their possessions soon run short. Thus they are forced to provide means from some other source. At the same time, because they care nothing for honor, they take recklessly and from any source.
Aristotle

 

[Saint Peter]

According to the Heritage Foundation, total tax revenues historically average 18% of GDP no matter how high the tax rates are set. When interest expenses equal 18 percent of GDP, then every dollar collected by the government will be consumed by interest alone.

The federal government will literally have to borrow money just to turn on the lights.

Does anyone think private property rights will have any meaning when the federal government runs out of money to fund its own existence?

We are fucked. I am moving back to the island.

 

[Frisco_Slug_Esq]

I will endeavor to persevere...

 

[Saint Peter]

I will endeavor to persevere...

Pete's Crab and Coconut Cart

 

[Frisco_Slug_Esq]

Crawdaddy Kioskaddy

 

[IrezumiKiss]

Reagan and Hitler were both Keynesians.

I'm sure you knew that already, right?

Alicia Keynesian.

http://music.donyell.net/alicia_keys/aliciakeyescity.jpg

 

[trysail]

http://research.stlouisfed.org/fred2/graph/fredgraph.png?&chart_type=line&graph_id=30655&category_id=0&recession_bars=On&width=630&height=378&bgcolor=%23B3CDE7&graph_bgcolor=%23FFFFFF&txtcolor=%23000000&ts=8&preserve_ratio=false&fo=ve&id=CPIAUCSL&transformation=pc1&scale=Left&range=Max&cosd=1947-01-01&coed=2010-09-01&line_color=%230000FF&link_values=&mark_type=NONE&mw=4&line_style=Solid&lw=1&vintage_date=2010-11-05&revision_date=2010-11-05&mma=0&nd=&ost=&oet=&fml=a&fq=Monthly&fam=avg

When you artificially hold short term interest rates BELOW the rate of inflation as both Greenspan and now Bernanke have done, the government is effectively STEALING from savers and encouraging imprudent behavior. Greenspan created this mess and Bernanke is perpetuating it and making the outcome worse. This is the portrait of a crack addict:
http://research.stlouisfed.org/fred2/graph/fredgraph.png?&chart_type=line&graph_id=30397&category_id=0&recession_bars=Off&width=630&height=378&bgcolor=%23B3CDE7&graph_bgcolor=%23FFFFFF&txtcolor=%23000000&ts=8&preserve_ratio=false&fo=ve&id=CPIAUCSL_FEDFUNDS&transformation=ch1_lin&scale=Left&range=Max&cosd=1947-01-01&coed=2010-10-01&line_color=%230000FF&link_values=&mark_type=NONE&mw=4&line_style=Solid&lw=1&vintage_date=2010-11-05_2010-11-05&revision_date=2010-11-05_2010-11-05&mma=0&nd=_&ost=&oet=&fml=b-a&fq=Monthly&fam=avg

http://research.stlouisfed.org/fred2/graph/fredgraph.png?&chart_type=line&graph_id=30416&category_id=0&recession_bars=On&width=630&height=378&bgcolor=%23B3CDE7&graph_bgcolor=%23FFFFFF&txtcolor=%23000000&ts=8&preserve_ratio=false&fo=ve&id=OILPRICE&transformation=lin&scale=Left&range=Max&cosd=1946-01-01&coed=2010-10-01&line_color=%230000FF&link_values=&mark_type=NONE&mw=4&line_style=Solid&lw=1&vintage_date=2010-11-05&revision_date=2010-11-05&mma=0&nd=&ost=&oet=&fml=a&fq=Monthly&fam=avg

... and the rest of the world knows it and is voting with its collective feet:
http://research.stlouisfed.org/fred2/graph/fredgraph.png?&chart_type=line&graph_id=30392&category_id=0&recession_bars=Off&width=630&height=378&bgcolor=%23B3CDE7&graph_bgcolor=%23FFFFFF&txtcolor=%23000000&ts=8&preserve_ratio=false&fo=ve&id=DEXSZUS,DEXCAUS,DEXUSEU&transformation=lin,lin,lin&scale=Left,Left,Left&range=Max,Max,Max&cosd=1971-01-04,1971-01-04,1999-01-04&coed=2010-10-29,2010-10-29,2010-10-29&line_color=%230000FF,%23FF0000,%23006600&link_values=,,&mark_type=NONE,NONE,NONE&mw=4,4,4&line_style=Solid,Solid,Solid&lw=1,1,1&vintage_date=2010-11-05,2010-11-05,2010-11-05&revision_date=2010-11-05,2010-11-05,2010-11-05&mma=0,0,0&nd=,,&ost=,,&oet=,,&fml=a,a,1%2Fa&fq=Daily,Daily,Daily&fam=avg,avg,avg

http://research.stlouisfed.org/fred2/graph/fredgraph.png?&chart_type=line&graph_id=31469&category_id=0&recession_bars=On&width=630&height=378&bgcolor=%23B3CDE7&graph_bgcolor=%23FFFFFF&txtcolor=%23000000&ts=8&preserve_ratio=false&fo=ve&id=AMBSL&transformation=lin&scale=Left&range=Max&cosd=1918-01-01&coed=2010-10-01&line_color=%230000FF&link_values=&mark_type=NONE&mw=4&line_style=Solid&lw=1&vintage_date=2010-11-05&revision_date=2010-11-05&mma=0&nd=&ost=&oet=&fml=a&fq=Monthly&fam=avg

http://research.stlouisfed.org/fred2/graph/fredgraph.png?&chart_type=line&graph_id=30421&category_id=0&recession_bars=On&width=630&height=378&bgcolor=%23B3CDE7&graph_bgcolor=%23FFFFFF&txtcolor=%23000000&ts=8&preserve_ratio=false&fo=ve&id=OILPRICE,SP500&transformation=nbd,nbd&scale=Left,Left&range=Custom,Custom&cosd=1985-10-01,1985-01-30&coed=2010-10-01,2010-11-04&line_color=%230000FF,%23FF0000&link_values=,&mark_type=NONE,NONE&mw=4,4&line_style=Solid,Solid&lw=1,1&vintage_date=2010-11-05,2010-11-05&revision_date=2010-11-05,2010-11-05&mma=0,0&nd=2007-12-01,2007-12-01&ost=,&oet=,&fml=a,a&fq=Monthly,Daily&fam=avg,avg


​

 

[mercury14]

How did I know merc was going to gush...




Peter Raymond
The American Thinker
__________________
“There is one good thing about Marx: he was not a Keynesian.”
Murray Rothbard

How did I know you could show up with C&P spam of Republican propaganda? And violate copyright laws in the process?

 

[Frisco_Slug_Esq]

That's your defense of 9.6% unemployment?




Attack the naysayers?




L'audace, l'audace, toujours l'audace.

 

[jeninflorida]

well the problem with unemployment is that we are not paying more in taxes! we must pay more in taxes and obama must hire another 10,000,000 government workers

That's your defense of 9.6% unemployment?




Attack the naysayers?




L'audace, l'audace, toujours l'audace.

 

[RobDownSouth]

Change we can believe in.

As Literotica's market timer AJ will no doubt confirm, an investment of $100 in the NASDAQ index on the day President Obama was inaugurated would be worth $177 just 21 months later.

That's some mighty fine "socialism" there!

 

[richard_daily]

That's your defense of 9.6% unemployment?




Attack the naysayers?




L'audace, l'audace, toujours l'audace.

Reagan had 9.7% unemployment.

 

[jeninflorida]

As Literotica's market timer AJ will no doubt confirm, an investment of $100 in the NASDAQ index on the day President Obama was inaugurated would be worth $177 just 21 months later.

That's some mighty fine "socialism" there!

and just what has obama done to increase the NASDAQ? what has obama done to help business?

 

[jeninflorida]

Reagan had 9.7% unemployment.

hello he had to clean up after jimmy carter....ask your mom about inflation, unemployment...oh and trying to purchase gas

keep on living that dream

 

[jeninflorida]

Reagan had 9.7% unemployment.

ha! Alex Sink is bashing obama!!!!!

 

[trysail]

Get ready— get your wheelbarrows, inflationary pressures are building. Between running the printing press and debasing the USD ( thereby importing inflation ), Bernanke and the Fed's irresponsibility are sowing the seeds of the whirlwind.

http://www.npr.org/news/graphics/2010/10/gr-grain_prices-300.gif​