tag:blogger.com,1999:blog-8078379512095504946.post8096892029564925135..comments2024-03-26T06:17:49.527-07:00Comments on Had Enough Therapy?: Is the Economic Recovery a Grand Illusion?Stuart Schneidermanhttp://www.blogger.com/profile/12784043736879991769noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-8078379512095504946.post-40550329687793857582013-03-27T11:30:19.015-07:002013-03-27T11:30:19.015-07:00The only thing grand about this illusion is its si...The only thing grand about this illusion is its size. A fabrication of the administration and its syncophantic press, as most of the country sees no recovery. We are approaching the fifth annual tour of the band "Summer of Recovery".Sam L.https://www.blogger.com/profile/00996809377798862214noreply@blogger.comtag:blogger.com,1999:blog-8078379512095504946.post-31250484118414604022013-03-27T08:16:28.575-07:002013-03-27T08:16:28.575-07:00"Multiplicative Factor of Money.""Multiplicative Factor of Money." Dennishttps://www.blogger.com/profile/14962996070458991675noreply@blogger.comtag:blogger.com,1999:blog-8078379512095504946.post-46837282088416254702013-03-27T05:31:19.026-07:002013-03-27T05:31:19.026-07:00The fact is we could put an end to this country ge...The fact is we could put an end to this country getting involved with the Middle East if we just developed our own oil and gas reserves. The funding for terrorism would dry up. More jobs would be available in this country thereby creating a far better economy based on products and services and not on government inspired debt.<br />The increase in revenue would provide more funds to be used to develop other sources of energy. Here I do not believe that solar or wind power is the answer for a whole host of reasons. I believe it exists in quantum Mechanics in ideas like "zero point modules.<br />I am a lot more sanguine about our ability to react and adapt if we can wean people of of big government and statism. Once one can get people to understand that currency has to be backed by something other than government, like capitalism's products and services provided, a lot of this malaise will improve. There is a rule here called the "Multiplicity of Money" that if understood gives a good primer on how money grows through an economy but one has to remove most of the government's unneeded interference with capitalism.<br />Capitalism has to be honest and above board in order to survive so legal professions and MBA's are a real part of making that happen. One can only cheat the customer once before losing the customer and his/her friends business. Government is what props up most bad actors. Since we have not been a capitalist country in quite some time we hardly even recognize it.<br />There are many good solutions to our problems and most of them require an educated and intelligent electorate and limited government. Nothing should be to big to fail. failure is good because it teaches one what works and what doesn't.<br />We are quite capable of solving much of this, but we have got to start by taking responsibility for our OWN lives.Dennishttps://www.blogger.com/profile/14962996070458991675noreply@blogger.comtag:blogger.com,1999:blog-8078379512095504946.post-12920377882842011532013-03-26T21:47:23.264-07:002013-03-26T21:47:23.264-07:00I wish I had time to comment at length on this. My...I wish I had time to comment at length on this. My only complaint about the article is that the picture it paints isn't gloomy enough. To be brief, we are already into a depression. The world is imploding as the debt bubble collapses. Key signs include:<br /><br />-- the collapse of the legal industry in the US, and the lack of demand for new lawyers and MBAs.<br /><br />-- the economic meltdown in Europe.<br /><br />-- the global capital flight that is presently juicing our real estate and stock markets.<br /><br />-- declining real income. This is dropping every year, and the US has now reached 1998 levels. That's happening elsewhere too.<br /><br />IMO, our economic decline is permanent. We cannot return to our previous prosperity, because that prosperity never actually happened. We were borrowing and spending, not creating true wealth. We're about to see what the nightclub we've been living in looks like when the lights go on.<br /><br /><br /><br /><br />Lastangonoreply@blogger.comtag:blogger.com,1999:blog-8078379512095504946.post-67596607184416840882013-03-26T12:53:07.535-07:002013-03-26T12:53:07.535-07:00Actually, the infantile part of that particular po...Actually, the infantile part of that particular policy is that we fight other people's wars with marginal returns for us. The oil from the Middle East and Africa is primarily destined for Europe and Asia.n.nhttps://www.blogger.com/profile/04252447117532342957noreply@blogger.comtag:blogger.com,1999:blog-8078379512095504946.post-69537382305399446822013-03-26T11:02:14.792-07:002013-03-26T11:02:14.792-07:00This is my idea of an "infantile" energy...This is my idea of an "infantile" energy policy:<br /><br />Daddy burns oil and fights world wars, so I should burn oil and fight wars to be like the Daddy-Warbucks generation!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8078379512095504946.post-17111622825194581512013-03-26T10:52:54.870-07:002013-03-26T10:52:54.870-07:00From the perspective of a saver, there are two sec...From the perspective of a saver, there are two secure ways to get some return on your money, an FDIC insured bank deposit or a Treasury security.<br /><br />Society thinks of the bank deposits as a "good form" of savings, and it thinks of the Treasury securities, which ultimately back the FDIC insurance with a line of credit to Treasury, as "bad debt?"<br /><br />This logic is preposterous and absurd. Government deficits may be poorly spent, but going into debt through banks or the government are the two alternatives for financing economic activity, there are no others!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8078379512095504946.post-86947336442554917632013-03-26T10:44:28.885-07:002013-03-26T10:44:28.885-07:00Over one trillion dollars is spent every year by t...Over one trillion dollars is spent every year by the federal government to maintain the grand illusion. This account deficit is uncorrelated to productivity and represents an unsustainable demand. Similar to "affordable" health care, which does not address progressive inflation uncorrelated to population growth, and does not increase supply to meet demand.<br /><br />As for confiscating earned income, it already has. First, in the form of trillion dollar account deficits. Second, in a selective pursuit of taxable income and events. Third, with infantile energy policies. Fourth, with "affordable" health care, which does not address progressive inflation. It's unlikely they will pursue overt measures until they first empty their bag of tricks.n.nhttps://www.blogger.com/profile/04252447117532342957noreply@blogger.comtag:blogger.com,1999:blog-8078379512095504946.post-18714072365000428912013-03-26T08:31:38.563-07:002013-03-26T08:31:38.563-07:00Yes, but the same thing could be said about almost...Yes, but the same thing could be said about almost every thing this administration is doing.<br />Better healthcare NO<br />More respect for America NO<br />Better Foreign Policy NO<br />More respect for religious differences NO<br />Better race relations NO<br />More respect for life NO<br />More attempts to find solutions to problems NO<br />Better relations between men and women NO<br />Undermining terrorism throughout the world NO<br />Equal application of the law NO<br />Transparency NO<br />Attention to the Constitution NO<br />Meeting budget requirements NO<br />Providing leadership NO<br /><br />I could go only, but one should get the pointDennishttps://www.blogger.com/profile/14962996070458991675noreply@blogger.com