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Our monetary system is a ticking time bomb
#31
This shit is so engineered to fail I don't know how everyone doesn't see right through it...

Here we go again!

http://online.wsj.com/news/articles/SB10...3037406670
The forum poster formerly known as Emoticon...
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#32
Emoticon;150648 Wrote:This shit is so engineered to fail I don't know how everyone doesn't see right through it...

Here we go again!

http://online.wsj.com/news/articles/SB10...3037406670

The DNCs internal polling for the 2014 Senate races must be worse than anyone imagined. Looks like the president is doing all he can to goad the Republicans into calling for impeachment. I hope they're not dumb enough to bite.
Ammunition, it's the new lead bullion. Buy it cheap and stack it deep.
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#33
(07-31-2014, 10:07 PM)Rik Bitter Wrote:
Emoticon;150648 Wrote:This shit is so engineered to fail I don't know how everyone doesn't see right through it...

Here we go again!

http://online.wsj.com/news/articles/SB10...3037406670

The DNCs internal polling for the 2014 Senate races must be worse than anyone imagined. Looks like the president is doing all he can to goad the Republicans into calling for impeachment. I hope they're not dumb enough to bite.

Thats why he's been out campaigning and fund raising, while Rome burns. He sticks to the ONLY thing he knows - Community Organizing. It's a lot like campaigning/cheerleading. He knows how to take otherwise disenfranchised people and make them feel good. Always fighting "the man", making the poor and downtrodden feel empowered.

The impeachment bait is so he can solidify that the party of the grumpy old white men is now coming after him, so now it's your turn to rise up, put on your blanket cape and fly to his rescue. Also, while your defending the eternal entitlement well head, you'll forget that Rome is burning.
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#34
If you don't loosen lending you'll never get the foreclosures sold. If you don't have massive inflation you'll never get people out of debt. It's all needed.. That is unless you want the dollar to collapse completely. In which case no one will trust the dollar. Our sand pales will have to be made here and we'll never be able to buy shit internationally again unless we went on a gold standard but even then foreign countries wouldn't trust that we'd exchange X dollars for Y gold if we got into trouble.
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#35
ExcelToExcel;150671 Wrote:If you don't loosen lending you'll never get the foreclosures sold. If you don't have massive inflation you'll never get people out of debt. It's all needed.. That is unless you want the dollar to collapse completely. In which case no one will trust the dollar. Our sand pales will have to be made here and we'll never be able to buy shit internationally again unless we went on a gold standard but even then foreign countries wouldn't trust that we'd exchange X dollars for Y gold if we got into trouble.

You prove my point, you are right they have to loosen lending otherwise the false recovery will collapse again. It's the only way to perpetuate the lie and put the collapse off a little long. Why else do these bubbles keep happening? We keep putting bandaids on and preventing the markets from doing what it wants to do through manipulation of the markets the harder the markets will try to break free of the bonds placed on it by the Fed the side effect is that the bubbles will keep happening and they will continue to get worse and worse. In the mean time the Fed is running out of toys in their bag of tricks.
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#36
There is no end to the game of inflation...
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#37
By the way the whole home loan concept is a creation of the government and is not a positive thing for this country. No bank would ever take a 30 year risk of that size like that without government assistance and backing unless someone has every P & Q imaginable minded. In some countries there really is no such thing as a home loan. The family and extended family as a whole will pitch in to put their relative a home and then expect that person to pay the family back. The side effect, however, of our home loan system is that much like the government's involvement with college tuition the home loan system we have in this country has driven housing prices up artificially high because people who would otherwise never be able to afford a home suddenly have access to massive amounts of capital. This is just like how with colleges the inventive to keep costs down has dissipated and shifted to creating the best country club experience possible over quality of education to court the students now that they have access to capital they never would have otherwise. It's just another underhanded way to enslave the proles with massive debt at their own expense. In a free market the home loan would not exist in the form that it does today, and as a result there would never have been a 2008 crash / housing bubble.

Like Reagan said:

"The nine most terrifying words in the English language are "I'm from the government, and I'm here to help.""
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#38
Home loans would exist but most homes would be cheaper, smaller, and generally crappier.
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#39
ExcelToExcel;150740 Wrote:There is no end to the game of inflation...

Agreed, but in a healthy economy, shouldn't inflation be more linear and less exponential?
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#40
bac0nfat;150766 Wrote:
ExcelToExcel;150740 Wrote:There is no end to the game of inflation...

Agreed, but in a healthy economy, shouldn't inflation be more linear and less exponential?

Yes, hyperinflation is yet another sign of a failing economy.
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