are they lying to us or are they clueless?

[fuggy]

This is the best economics site on the internet.

We are being so robbed. Bernake could have taken that trillion and offered Americans 4% mortgages and loans. Our economy would be skyrocketing.

I would have refinanced, taken out more money and put a fancy roof on my house…(I qualify).

It makes NO LOGICAL sense that investors that lost their shirts lending to Americans would jump back in to loan to Americans even if Obama personally hands them a check for their losses.

And as has been said above, the roofers not employed putting a new roof on my house will not be borrowing money soon.

[barnaby33]

We are being so robbed. Bernake could have taken that trillion and offered Americans 4% mortgages and loans. Our economy would be skyrocketing.

Wow, you just don’t get it. What an entitlement mentality. Almost as bad as the robbers on Wall St. Its low interest rates that got us into trouble in the first place. The govt has no business handing out money to any party, neither bankers nor people looking to buy more crap that they can’t afford.

4% is historically far too low a rate to compensate someone for the use of their money for up to 30 years. That is just flat out insane.

Those of you predicting a tide of inflation have been wrong so far, and for the foreseeable future you’ll continue to be wrong, at least with respect to asset prices. Berspankme may end up driving food and fuel prices up, but only in the short term. The deflationary tide has landed. Social mood is darkening and people don’t want to borrow. Once that happens an economy built on selling crap made in 3rd world countries that you don’t need is going to have a hard time recovering, regardless of how low interest rates go.
Josh

[barnaby33]

We are being so robbed. Bernake could have taken that trillion and offered Americans 4% mortgages and loans. Our economy would be skyrocketing.

Wow, you just don’t get it. What an entitlement mentality. Almost as bad as the robbers on Wall St. Its low interest rates that got us into trouble in the first place. The govt has no business handing out money to any party, neither bankers nor people looking to buy more crap that they can’t afford.

4% is historically far too low a rate to compensate someone for the use of their money for up to 30 years. That is just flat out insane.

Those of you predicting a tide of inflation have been wrong so far, and for the foreseeable future you’ll continue to be wrong, at least with respect to asset prices. Berspankme may end up driving food and fuel prices up, but only in the short term. The deflationary tide has landed. Social mood is darkening and people don’t want to borrow. Once that happens an economy built on selling crap made in 3rd world countries that you don’t need is going to have a hard time recovering, regardless of how low interest rates go.
Josh

[barnaby33]

We are being so robbed. Bernake could have taken that trillion and offered Americans 4% mortgages and loans. Our economy would be skyrocketing.

Wow, you just don’t get it. What an entitlement mentality. Almost as bad as the robbers on Wall St. Its low interest rates that got us into trouble in the first place. The govt has no business handing out money to any party, neither bankers nor people looking to buy more crap that they can’t afford.

4% is historically far too low a rate to compensate someone for the use of their money for up to 30 years. That is just flat out insane.

Those of you predicting a tide of inflation have been wrong so far, and for the foreseeable future you’ll continue to be wrong, at least with respect to asset prices. Berspankme may end up driving food and fuel prices up, but only in the short term. The deflationary tide has landed. Social mood is darkening and people don’t want to borrow. Once that happens an economy built on selling crap made in 3rd world countries that you don’t need is going to have a hard time recovering, regardless of how low interest rates go.
Josh

[barnaby33]

We are being so robbed. Bernake could have taken that trillion and offered Americans 4% mortgages and loans. Our economy would be skyrocketing.

Wow, you just don’t get it. What an entitlement mentality. Almost as bad as the robbers on Wall St. Its low interest rates that got us into trouble in the first place. The govt has no business handing out money to any party, neither bankers nor people looking to buy more crap that they can’t afford.

4% is historically far too low a rate to compensate someone for the use of their money for up to 30 years. That is just flat out insane.

Those of you predicting a tide of inflation have been wrong so far, and for the foreseeable future you’ll continue to be wrong, at least with respect to asset prices. Berspankme may end up driving food and fuel prices up, but only in the short term. The deflationary tide has landed. Social mood is darkening and people don’t want to borrow. Once that happens an economy built on selling crap made in 3rd world countries that you don’t need is going to have a hard time recovering, regardless of how low interest rates go.
Josh

[barnaby33]

We are being so robbed. Bernake could have taken that trillion and offered Americans 4% mortgages and loans. Our economy would be skyrocketing.

Wow, you just don’t get it. What an entitlement mentality. Almost as bad as the robbers on Wall St. Its low interest rates that got us into trouble in the first place. The govt has no business handing out money to any party, neither bankers nor people looking to buy more crap that they can’t afford.

4% is historically far too low a rate to compensate someone for the use of their money for up to 30 years. That is just flat out insane.

Those of you predicting a tide of inflation have been wrong so far, and for the foreseeable future you’ll continue to be wrong, at least with respect to asset prices. Berspankme may end up driving food and fuel prices up, but only in the short term. The deflationary tide has landed. Social mood is darkening and people don’t want to borrow. Once that happens an economy built on selling crap made in 3rd world countries that you don’t need is going to have a hard time recovering, regardless of how low interest rates go.
Josh

[peterb]

4plex – interesting take on playing the terrorist card to essentially kill the free market for physical gold. I give it odds. faber says to hold it outside the US. Good advice.
But as someone mentioned earlier, you can play the miners and enjoy not only the rise in price, but also the leverage they provide. I have a combo of both and it has treated me very well since last Novemeber.

[peterb]

4plex – interesting take on playing the terrorist card to essentially kill the free market for physical gold. I give it odds. faber says to hold it outside the US. Good advice.
But as someone mentioned earlier, you can play the miners and enjoy not only the rise in price, but also the leverage they provide. I have a combo of both and it has treated me very well since last Novemeber.

[peterb]

4plex – interesting take on playing the terrorist card to essentially kill the free market for physical gold. I give it odds. faber says to hold it outside the US. Good advice.
But as someone mentioned earlier, you can play the miners and enjoy not only the rise in price, but also the leverage they provide. I have a combo of both and it has treated me very well since last Novemeber.

[peterb]

4plex – interesting take on playing the terrorist card to essentially kill the free market for physical gold. I give it odds. faber says to hold it outside the US. Good advice.
But as someone mentioned earlier, you can play the miners and enjoy not only the rise in price, but also the leverage they provide. I have a combo of both and it has treated me very well since last Novemeber.

[peterb]

4plex – interesting take on playing the terrorist card to essentially kill the free market for physical gold. I give it odds. faber says to hold it outside the US. Good advice.
But as someone mentioned earlier, you can play the miners and enjoy not only the rise in price, but also the leverage they provide. I have a combo of both and it has treated me very well since last Novemeber.

[Arraya]

Local currencies popping up…..

http://www.berkshares.org/whatareberkshares.htm
BerkShares are a local currency for the Berkshire region. Dubbed a “great economic experiment” by the New York Times, BerkShares are a tool for community empowerment, enabling merchants and consumers to plant the seeds for an alternative economic future for their communities.
————————————————–

RC JOURNAL: Food Security + Local Currency
http://globalguerrillas.typepad.com/globalguerrillas/2009/03/rc-journal-food-security-local-currency.html
Jason Bradford, has an excellent story on his group’s efforts to start a local currency for his town of Willits, California. Worried about local food security (as in one day after a systemic breakdown, the grocery store’s shelves are bare), they devised an excellent scheme to build up local reserves. They founded a reserve currency backed by specific quantities of dried rice and beans called the Mendo Credit. The story provides an excellent description of the bootstraping process required to get this type of effort off of the ground and rolling.

[Arraya]

Local currencies popping up…..

http://www.berkshares.org/whatareberkshares.htm
BerkShares are a local currency for the Berkshire region. Dubbed a “great economic experiment” by the New York Times, BerkShares are a tool for community empowerment, enabling merchants and consumers to plant the seeds for an alternative economic future for their communities.
————————————————–

RC JOURNAL: Food Security + Local Currency
http://globalguerrillas.typepad.com/globalguerrillas/2009/03/rc-journal-food-security-local-currency.html
Jason Bradford, has an excellent story on his group’s efforts to start a local currency for his town of Willits, California. Worried about local food security (as in one day after a systemic breakdown, the grocery store’s shelves are bare), they devised an excellent scheme to build up local reserves. They founded a reserve currency backed by specific quantities of dried rice and beans called the Mendo Credit. The story provides an excellent description of the bootstraping process required to get this type of effort off of the ground and rolling.

[Arraya]

Local currencies popping up…..

http://www.berkshares.org/whatareberkshares.htm
BerkShares are a local currency for the Berkshire region. Dubbed a “great economic experiment” by the New York Times, BerkShares are a tool for community empowerment, enabling merchants and consumers to plant the seeds for an alternative economic future for their communities.
————————————————–

RC JOURNAL: Food Security + Local Currency
http://globalguerrillas.typepad.com/globalguerrillas/2009/03/rc-journal-food-security-local-currency.html
Jason Bradford, has an excellent story on his group’s efforts to start a local currency for his town of Willits, California. Worried about local food security (as in one day after a systemic breakdown, the grocery store’s shelves are bare), they devised an excellent scheme to build up local reserves. They founded a reserve currency backed by specific quantities of dried rice and beans called the Mendo Credit. The story provides an excellent description of the bootstraping process required to get this type of effort off of the ground and rolling.

[Arraya]

Local currencies popping up…..

http://www.berkshares.org/whatareberkshares.htm
BerkShares are a local currency for the Berkshire region. Dubbed a “great economic experiment” by the New York Times, BerkShares are a tool for community empowerment, enabling merchants and consumers to plant the seeds for an alternative economic future for their communities.
————————————————–

RC JOURNAL: Food Security + Local Currency
http://globalguerrillas.typepad.com/globalguerrillas/2009/03/rc-journal-food-security-local-currency.html
Jason Bradford, has an excellent story on his group’s efforts to start a local currency for his town of Willits, California. Worried about local food security (as in one day after a systemic breakdown, the grocery store’s shelves are bare), they devised an excellent scheme to build up local reserves. They founded a reserve currency backed by specific quantities of dried rice and beans called the Mendo Credit. The story provides an excellent description of the bootstraping process required to get this type of effort off of the ground and rolling.

[Author]

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