[kewp]

[quote=jpinpb]
Another thing: This economy was booming until recently.
[/quote]

That’s kind of like saying a guy with a million dollars in debut was rich until recently.

[kewp]

[quote=jpinpb]
Another thing: This economy was booming until recently.
[/quote]

That’s kind of like saying a guy with a million dollars in debut was rich until recently.

[kewp]

[quote=jpinpb]
Another thing: This economy was booming until recently.
[/quote]

That’s kind of like saying a guy with a million dollars in debut was rich until recently.

[kewp]

[quote=jpinpb]
Another thing: This economy was booming until recently.
[/quote]

That’s kind of like saying a guy with a million dollars in debut was rich until recently.

[kewp]

[quote=jpinpb]
Another thing: This economy was booming until recently.
[/quote]

That’s kind of like saying a guy with a million dollars in debut was rich until recently.

[kewp]

[quote=capeman]Then they need to reevaluate what PhDs/MBAs from Ivy League business schools are worth. Since most of these fools in power who have them didn’t have the common sense of the armchair economist Bloggers who foresaw this. [/quote]

Oh, they knew. It just wasn’t in their best interest to be truthful about it. They aren’t that stupid.

Why do you think government tightened up the bankruptcy laws in 2005? Because they knew this was coming and wanted to make us debt slaves.

In our case; it *was* in our best interest to be truthful about it.

Edit: Think of it this way. If you speak the party line; you get very rich. If you tell the truth, you get fired. What would you do?

[kewp]

[quote=capeman]Then they need to reevaluate what PhDs/MBAs from Ivy League business schools are worth. Since most of these fools in power who have them didn’t have the common sense of the armchair economist Bloggers who foresaw this. [/quote]

Oh, they knew. It just wasn’t in their best interest to be truthful about it. They aren’t that stupid.

Why do you think government tightened up the bankruptcy laws in 2005? Because they knew this was coming and wanted to make us debt slaves.

In our case; it *was* in our best interest to be truthful about it.

Edit: Think of it this way. If you speak the party line; you get very rich. If you tell the truth, you get fired. What would you do?

[kewp]

[quote=capeman]Then they need to reevaluate what PhDs/MBAs from Ivy League business schools are worth. Since most of these fools in power who have them didn’t have the common sense of the armchair economist Bloggers who foresaw this. [/quote]

Oh, they knew. It just wasn’t in their best interest to be truthful about it. They aren’t that stupid.

Why do you think government tightened up the bankruptcy laws in 2005? Because they knew this was coming and wanted to make us debt slaves.

In our case; it *was* in our best interest to be truthful about it.

Edit: Think of it this way. If you speak the party line; you get very rich. If you tell the truth, you get fired. What would you do?

[kewp]

[quote=capeman]Then they need to reevaluate what PhDs/MBAs from Ivy League business schools are worth. Since most of these fools in power who have them didn’t have the common sense of the armchair economist Bloggers who foresaw this. [/quote]

Oh, they knew. It just wasn’t in their best interest to be truthful about it. They aren’t that stupid.

Why do you think government tightened up the bankruptcy laws in 2005? Because they knew this was coming and wanted to make us debt slaves.

In our case; it *was* in our best interest to be truthful about it.

Edit: Think of it this way. If you speak the party line; you get very rich. If you tell the truth, you get fired. What would you do?

[kewp]

[quote=capeman]Then they need to reevaluate what PhDs/MBAs from Ivy League business schools are worth. Since most of these fools in power who have them didn’t have the common sense of the armchair economist Bloggers who foresaw this. [/quote]

Oh, they knew. It just wasn’t in their best interest to be truthful about it. They aren’t that stupid.

Why do you think government tightened up the bankruptcy laws in 2005? Because they knew this was coming and wanted to make us debt slaves.

In our case; it *was* in our best interest to be truthful about it.

Edit: Think of it this way. If you speak the party line; you get very rich. If you tell the truth, you get fired. What would you do?

[kewp]

Can’t Fed and Treasury directly pump the (consumer) money supply by distributing a stimulus payment, issuing Treasury notes, and then buying those Treasury notes right back?

I referenced this earlier; i.e. the Fed printing money and giving it right to the consumer.

This has the potential to be hyper-inflationary, much more so than lending money to banks.

A better idea would be for the Fed to open up credit lines directly to consumers and business with something (salary, revenue) as collateral. Prove you make money and the Fed lends you money. Customers could use this to pay down high interest debt and give the economy some breathing room.

[kewp]

Can’t Fed and Treasury directly pump the (consumer) money supply by distributing a stimulus payment, issuing Treasury notes, and then buying those Treasury notes right back?

I referenced this earlier; i.e. the Fed printing money and giving it right to the consumer.

This has the potential to be hyper-inflationary, much more so than lending money to banks.

A better idea would be for the Fed to open up credit lines directly to consumers and business with something (salary, revenue) as collateral. Prove you make money and the Fed lends you money. Customers could use this to pay down high interest debt and give the economy some breathing room.

[kewp]

Can’t Fed and Treasury directly pump the (consumer) money supply by distributing a stimulus payment, issuing Treasury notes, and then buying those Treasury notes right back?

I referenced this earlier; i.e. the Fed printing money and giving it right to the consumer.

This has the potential to be hyper-inflationary, much more so than lending money to banks.

A better idea would be for the Fed to open up credit lines directly to consumers and business with something (salary, revenue) as collateral. Prove you make money and the Fed lends you money. Customers could use this to pay down high interest debt and give the economy some breathing room.

[kewp]

Can’t Fed and Treasury directly pump the (consumer) money supply by distributing a stimulus payment, issuing Treasury notes, and then buying those Treasury notes right back?

I referenced this earlier; i.e. the Fed printing money and giving it right to the consumer.

This has the potential to be hyper-inflationary, much more so than lending money to banks.

A better idea would be for the Fed to open up credit lines directly to consumers and business with something (salary, revenue) as collateral. Prove you make money and the Fed lends you money. Customers could use this to pay down high interest debt and give the economy some breathing room.

[kewp]

Can’t Fed and Treasury directly pump the (consumer) money supply by distributing a stimulus payment, issuing Treasury notes, and then buying those Treasury notes right back?

I referenced this earlier; i.e. the Fed printing money and giving it right to the consumer.

This has the potential to be hyper-inflationary, much more so than lending money to banks.

A better idea would be for the Fed to open up credit lines directly to consumers and business with something (salary, revenue) as collateral. Prove you make money and the Fed lends you money. Customers could use this to pay down high interest debt and give the economy some breathing room.

[Author]

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