Posted on 08/02/2016 1:48:55 PM PDT by MichCapCon
If orders for durable goods drops for foreign made items then how does that kill the USA economy? Laid off factory workers in other countries can KMA. So your comment MAKES NO ECONOMIC SENSE.
Better if we just go ahead and go over the cliff? Screw that. SMOOT HAWLEY did not do anything to cause or worsen the Great Depression. That is myth and a lie. If S-H act had not been passed the history of the 1930's would have been exactly the same.
Not if we apply the brakes, called tariffs.
“I hope someone rubs his manchild nose hard in the pavement when we All Fall Down...”
Good luck Wi Dat.......
... and here is $1 Trillion in $100 bills.
We are far past the point where the West can pay its debt.
The only reason we haven’t seen a crushing currency crisis in one country or another is that all of them are trying to race each other to the bottom.
We are a few years, at best, away from the worst financial reboot in human history.
I no longer care about the national Debt, but I care very deeply for how little gold I own. I need much more.
Yes, but that is not the only purpose of NIRP.
Lol to the power of infinity.
The last time idiots like him were spewingbnew paradigms it was about housing. “There is no bubble. Housing never goes down. It is different this time.”
We all know how that ended.
It is never different this time. The soaring debt will end very badly for everybody but the rich, presuming they have gold, real estate, staple businesses, and such. One day the speculatorps are going to be jumping out of windows.
There is a way out. The USA should save itself and the rest of the world be dammed. Tariffs of 20% would stop the bleeding of trade deficits, budget deficits and offshoring. Any factory owner contemplating offshoring would shelve that idea indefinitely. Repatriation of industry should be made a priority. It would be painful at first but in the long run much better. No need to reboot.
My point is that economics often doesn't make sense. Sometimes what happens is very different from what we expected to happen. We have been engaging in a discussion about the economic factors which triggered the Civil War.
So far, the evidence is leading me in the direction of the war being started to protect North Eastern monied interests. Their monopolistic/protectionist policies didn't have the intended consequences they expected.
When they saw they were going to lose huge sums of money due to Southern independence, they pressured Lincoln to start a war to prevent those huge losses.
Better if we just go ahead and go over the cliff? Screw that. SMOOT HAWLEY did not do anything to cause or worsen the Great Depression. That is myth and a lie. If S-H act had not been passed the history of the 1930's would have been exactly the same.
I do not know if it is a myth and/or a lie. I am amenable to arguments that it is, but I think economic policy needs to be set with a great deal more caution than we have seen in the past.
Before making such changes, we need to be D@mned sure they will result in consequences we like.
Cantorize the Mooselimb bass turd!!!
We have unfunded liabilities in excess of five times our entire national debt. "Tariff's" will be as effective as bailing the ocean with a tea cup.
We are either going to have to kill off a lot of population to whom retirement benefits are owed, or we are going to have to inflate the money supply to steal the value of the money owed.
We are in a horrible financial mess, and I think it is not going to be resolved by any simple means.
We are in a horrible financial mess, and I think it is not going to be resolved by any simple means.
What caused the cash flow to stop with the USSR?
our economy is based on innovative productivity.”
My point is that economics often doesn’t make sense. Sometimes what happens is very different from what we expected to happen.
I am really going to prove my ignorance because I don’t know what they are exactly but derivatives are an even bigger issue if I under stand that correctly. Like $750 trillion???
That’s because for almost everybody in office and in financial corporations and a lot of other elites are ALL in “get while the gettin’s good” mode. They only want to utilize what time is left to amass and load out their loot to someplace secure. They give not one rats turd what happens to the Republic or its citizenry.
And the ongoing and ever increasing third-world poverty immigration to Western countries is gasoline on the fire...well done, Western governments! May you all rot in hell (following public execution - after a fair and speedy trial).
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