Recovery Through Debt Slavery »
Posted By Shana4Liberty 9 months, 1 week ago in NewsDoes it make sense that our “economic growth” requires our taking on new debt at an accelerating rate to prevent defaults from exponentially-growing compound interest? The root of our problem isn’t partisan politics — it’s high school math that is lost on our economists and central bankers.
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Shana4Liberty
I'm a stay-at-homeschooling mom of 4 living in central Alabama, but a native of south Texas. Feel free to friend me and send me ...
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cowboygrandpa9 months, 1 week ago
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I remember something my dad taught me. It takes money to make money.
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If you are not willing to invest the money, the venture you are proposing is not viable to you.
Saving money for a down payment of a house or a car is great. But having no money to save because prices are out of kilter with value, leaves us where we have arrived.
We need to put America back to work and build it up again.
Everybody wants a piece of the pie. But not everybody wants to pay for it. That is the problem as I see it.
Stop bailing out poor business operations and you will reduce the debt.
Start investing in small and medium businesses that will grow the economy, strengthen America and put people back to work.
We have become dependent upon corporate America and they are a
huge drain on our finances. They are taking way more than they giving.-
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DarkWizard9 months, 1 week ago
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cowboygrandpa,
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"Start investing in small and medium businesses that will grow the economy, strengthen America and put people back to work."
I totally agree with this. And, to take it a step further, break up the companies that are too big to fail. Make them competitive in the marketplace, again. Entrenched management needs to be shaken up and this should be across the board for all industries.
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CHAM9 months, 1 week ago
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Great article Shana. And you are right on Cowboy. I see the problem from a different perspective than most I guess. I see the problem being that too much wealth has flowed to too few people. What has happened is that those few have sucked the financial life out of the economy because they began to horde their ill gotten gains, they became greedy and began to gamble. The best gamblers ( many with loaded dice ) brought the nations wealth into an even smaller group and they in fact did decide to put the country into economic slavery.
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They froze the flow of money, holding it out of circulation until they could get free handouts ( bailouts ) and freedom to rob the less well heeled ( deregulation).
But this is a house of cards over the long run. Sooner or later the people will rise up in anarchy. -
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tadair9199 months, 1 week ago
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you mean borrowing, printing, and directly taxing money to have our grandchildren pay for isn't going to work?
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weird.
questions i should have asked myself:
if we borrow the money, doesn't that mean the money must be paid back with even more interest?
if we print the money out of thin air, doesn't that mean we have to pay for the inflation tax?
if we owe 8,000 per every man, woman, and child then who is going to step up and pay for those who don't?
who's money is the government giving away? is it the government's money, or is it our money?-
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MoneyHorde9 months, 1 week ago
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The Federal Reserve is not a part of the government. The Federal Reserve is controlled by globalist bankers which is why interest rates are manipulated by them to create bubbles in the economy which allow easy transfers of wealth. The big problem has been for some time the American's foolish attitude that they deserved higher wages than Chinese or Indians. More benefits and perks. Etc. On the global landscape all labor is considered equal and through free trade deals we have eliminated most all manufacturing in America. Since Americans are dimmer than the new moon for the most part they don't realize that the only sustainable economy possible is a manufacturing one. Manufacturing will return to America though when Americans beg for those jobs back at comparable wages to China, Malaysia, Indonesia, etc.
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Harbeas9 months, 1 week ago
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Our economy is based on spending or consumerism, if you will. When we don't spend our economy tanks. I am not for a 750 billion dollar infusion for our economy because it is far too much. We could easily have cut that amount in half. However, for those who have offered no other fix other than to let companies go bankrupt and layoff millions of people, I must ask where is you comapassion for your fellow man? You are basically saying it is ok for millions of Americans to lose their homes, struggle to put food on the table, be unable to send their kids to college, stand in bread lines for their daily quota of bread. Lending and borrowing produces a better life and it is necessary for economy to move. Saving for a house, car, college education and the like is very commendable but not realistic for the average American. The problem has been that too many people borrowed more than they were able to pay back. I mean do we need a home with 4,000 square feet or a hummer to transport us from point a to point b? Of course not.
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Will13139 months, 1 week ago
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You say you want a revolution
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Well, you know
We all want to change the world
You tell me that it's evolution
Well, you know
We all want to change the world
But when you talk about destruction
Don't you know that you can count me out
Don't you know it's gonna be all right
all right, all right
You say you got a real solution
Well, you know
We'd all love to see the plan
You ask me for a contribution
Well, you know
We're doing what we can
But when you want money
for people with minds that hate
All I can tell is brother you have to wait
Don't you know it's gonna be all right
all right, all right
Ah
ah, ah, ah, ah, ah...
You say you'll change the constitution
Well, you know
We all want to change your head
You tell me it's the institution
Well, you know
You better free you mind instead
But if you go carrying pictures of chairman Mao
You ain't going to make it with anyone anyhow
Don't you know it's gonna be all right
all right, all right
all right, all right, all right
all right, all right, all right -
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Grrr9 months, 1 week ago
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The time for revolution was back in 2000 when the Supreme Court usurped the power of the electorate for itself. That and FCC deregulation are the only things that made 2004 possible.
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We finally got it back from the thieving bastards. We've had it for 30 days. What's your bitch, already, exactly? That it's still up to individuals to make better financial decisions for themselves than con artists would have them make? You don't need a revolution to exercise common sense.
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Grrr9 months, 1 week ago
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But this article and many comments do miss a major point of the stimulus, which is needed.
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Businesses, even healthy ones, do run on credit.
Don't get me wrong, the bank bailouts were a con-job by Bernanke and his den-of-thieves, and that money is wasted. Those banks with fraudulent books hiding the bad debt are the poison, and will gom up the works until they are allowed to die the death they should have already.
That money should have been used for direct emergency lending to small and medium sized businesses that have viable markets and business models but no credit to stock their shelves or pre-pay their payroll with when accounts don't pay for net-60 at best. It's the grease that keeps the wheels turning during transaction lags. -
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DarkWizard9 months, 1 week ago
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Unfortunately, there are two sides to this coin and getting banks to lend is only one side. Getting money into the hands of consumers is the real issue (the other side of the coin). Consumerism accounts for 2/3 of the cash flow in our economy and if families/individuals don't have disposable income, then lending money doesn’t really have the desired affect. Employment must increase along with wages. There is no way around this and no program will work without this happening.
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MoneyHorde9 months, 1 week ago
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Productivity naturally transfers to the most efficient setting. Free trade allows productivity to transfer to countries with reasonable wage labor. The current low unemployment is just the beginning of a labor transfer that will grow exponentially. So why in heaven would a bank lend into an economy that is being restructured to base wages on a global averaging scale and won't leave money for repayment for at least 12 - 14 years?
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CaptainLucid9 months, 1 week ago
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The author of this article is a moron who tries to simplify this situation to high school math while unaware that he can't handle elementary school. He invented a new name for something and thinks that confers him mastery over the subject.
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SpareChange9 months, 1 week ago
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Too bad Bush and the Republican Congress (which he had for 6 years) put us 4 trillion in debt (almost doubling our debt) when times were good and cash was flush. It means when we need to run on credit when times are tough, like now, that it's even harder for our economy.
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The only modern day president to have a surplus was Clinton. Let's hope Obama can get there too in a few years cuz God knows we have to pay down that debt somehow. -
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