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RE: The Coming DEPRESSION in America / Evidently MANY o... - 6/12/2011 4:19:56 PM   
MasterSlaveLA


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quote:

ORIGINAL: EternalHoH



I disagree.



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RE: The Coming DEPRESSION in America / Evidently MANY o... - 6/12/2011 4:20:08 PM   
tj444


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quote:

ORIGINAL: MasterSlaveLA

quote:

ORIGINAL: tj444

quote:

ORIGINAL: MasterSlaveLA

quote:

ORIGINAL: farglebargle

If you don't vacuum dollars out of circulation with taxes, you end up with inflation.



It's interest rates that are often utilized to "vacuum dollars".



And what about a falling US dollar???


What about it???




It means imports become more expensive, and another vacuum. But certainly, if you want manufacturing jobs to come back to the US then by all means let it drop like a stone.

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RE: The Coming DEPRESSION in America / Evidently MANY o... - 6/12/2011 4:20:33 PM   
EternalHoH


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quote:

ORIGINAL: Edwynn

The law was enacted in 1977. If that were capable of causing what happened here, it almost assuredly should have happened years ago.




I agree. 

And the irony is, some of those people who took out 30 year mortgages in 1977 would have paid them off by 2007

The majority of the loans that blew the economy up in 2008 were less than 5 years old, many of them taken out as "investment property".  Again, hard to fathom that investors were "forced" to take out loans.


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RE: The Coming DEPRESSION in America / Evidently MANY o... - 6/12/2011 4:23:39 PM   
MasterSlaveLA


Posts: 3991
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quote:

ORIGINAL: tj444


quote:

ORIGINAL: MasterSlaveLA

quote:

ORIGINAL: tj444

quote:

ORIGINAL: MasterSlaveLA

quote:

ORIGINAL: farglebargle

If you don't vacuum dollars out of circulation with taxes, you end up with inflation.



It's interest rates that are often utilized to "vacuum dollars".



And what about a falling US dollar???


What about it???




It means imports become more expensive, and another vacuum. But certainly, if you want manufacturing jobs to come back to the US then by all means let it drop like a stone.


Yeah... but the topic you replied to concerned how to pull back (vacuum) the money the Gov has printed?



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RE: The Coming DEPRESSION in America / Evidently MANY o... - 6/12/2011 4:25:06 PM   
MasterSlaveLA


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quote:

ORIGINAL: farglebargle

quote:

ORIGINAL: MasterSlaveLA

quote:

ORIGINAL: farglebargle

If you don't vacuum dollars out of circulation with taxes, you end up with inflation.



It's interest rates that are often utilized to "vacuum dollars".



Interest Income goes to banks. Taxes go to the government. If you just move the dollars to the banks, and they use them to "Build a Fortress Balance Sheet", then voila! Stagflation!



http://www.bankrate.com/brm/news/DrDon/20060412a1.asp



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RE: The Coming DEPRESSION in America / Evidently MANY o... - 6/12/2011 4:27:22 PM   
EternalHoH


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quote:

ORIGINAL: MasterSlaveLA

I disagree.




Why am I not surprised.

But then again, you think a $15 trillion government credit card problem is worse than a $700 trillion private sector gambling problem.

That explains alot.






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Profile   Post #: 106
RE: The Coming DEPRESSION in America / Evidently MANY o... - 6/12/2011 4:35:25 PM   
MasterSlaveLA


Posts: 3991
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quote:

ORIGINAL: EternalHoH



You're not worth having a conversation with... you're going to believe what you want to believe, despite reality.  So, believe what you will.  You could Google/Research this stuff on your own, but you don't want to view things outside your little world -- so enjoy it.  I disagree with you.  If that upsets your apple cart so, then that says a lot about you -- that you can't agree to disagree.  Again, you could research it, but you choose not to... and I choose not to waste my time teaching you.





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RE: The Coming DEPRESSION in America / Evidently MANY o... - 6/12/2011 4:38:14 PM   
EternalHoH


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quote:

ORIGINAL: MasterSlaveLA





I would turn tail and run if I were you, too.



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RE: The Coming DEPRESSION in America / Evidently MANY o... - 6/12/2011 4:40:48 PM   
brainfreeze


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quote:

ORIGINAL: subfever
Though your numbers may be off a bit, I agree with the rest of your post.


Thanks, I gave that out as a concept. I didn't mean to imply it was dead on accurate only that money continues to flow from the middle class to the rich and if anything the speed of that has increased and not decreased in the past couple of years. Look at family expenses... say for example health care.. somebody middle class goes to the hospital... insurance doesn't cover that well anymore... but why would it when hospitals can charge $40 for an aspirin? Any of us are one illness or accident away from potential bankruptcy... and the funds flow to the hospital corporations... sure nurses still make $40 an hour... but for how long? Only until we can flood the market with foreign trained nurses. Then will costs go down? No way. Only wages go down not expenses. Take this one example and extrapolate to the energy market, housing, jobs, etc. The middle class in this country has been targeted for extinction.

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RE: The Coming DEPRESSION in America / Evidently MANY o... - 6/12/2011 5:17:49 PM   
MrRodgers


Posts: 10542
Joined: 7/30/2005
Status: offline 		I swear that when I read these posts, I get the idea that if there is some long term plan for something called a new world order and for that to come about, it first requires the people to be in complete partisan distraction with bullshit and vitriol...it's working like a charm.

< Message edited by MrRodgers -- 6/12/2011 5:24:01 PM >

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RE: The Coming DEPRESSION in America / Evidently MANY o... - 6/12/2011 5:18:15 PM   
BamaD


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Status: offline 		When you vacuum dollars out of the economy the key phrase is dollars out of the economy

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RE: The Coming DEPRESSION in America / Evidently MANY o... - 6/12/2011 5:29:17 PM   
brainfreeze


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quote:

it first requires the people to be in complete partisan distraction


Exactly yes. People are divided blaming each other when regular people are just here for the ride. It is a roller coaster right out of h3ll but it is a wild ride. Hang onto your ass with both hands.

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Profile   Post #: 112
RE: The Coming DEPRESSION in America / Evidently MANY o... - 6/12/2011 5:30:31 PM   
MrRodgers


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quote:

ORIGINAL: BamaD

When you vacuum dollars out of the economy the key phrase is dollars out of the economy


Well in view of the fact there isn't any 'vacuuming' going on and that dollars never 'leave the economy' unless of course you speak of a shovel and scissors instead of a vacuum, in order to actually bury it in the back yard or stuff it into a mattress...I have nothing to say.

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RE: The Coming DEPRESSION in America / Evidently MANY o... - 6/12/2011 5:49:21 PM   
MrRodgers


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Joined: 7/30/2005
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quote:

ORIGINAL: brainfreeze

quote:

it first requires the people to be in complete partisan distraction


Exactly yes. People are divided blaming each other when regular people are just here for the ride. It is a roller coaster right out of h3ll but it is a wild ride. Hang onto your ass with both hands.

You certainly not and could have but many here are too young for a real perspective on say even the history of economics in the US. Perspective is required when in anyway one compares post WWII economy to the post WWI economy. It usually gets off on tangents such as current law and M5's and what not, name it the fed, inflation, the right and the left...whatever.

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RE: The Coming DEPRESSION in America / Evidently MANY o... - 6/12/2011 6:19:27 PM   
BamaD


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Joined: 2/27/2005
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quote:


ORIGINAL: BamaD



So when vacuuming money out of the economy with taxes was touted good thing it was ok but when it is ridiculed that ridicule is treated as if it wasthe origin of the stupid idea. 

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Profile   Post #: 115
RE: The Coming DEPRESSION in America / Evidently MANY o... - 6/12/2011 6:36:34 PM   
Marini


Posts: 3629
Joined: 2/14/2010
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quote:

ORIGINAL: OrionTheWolf

~FR~

I pretty much believe the same way as the OP states it. Many of the issues that we have faced in the last financial crisis are still there. There is no sound fiscal policy, and Six Flags seems to be in control of the dollar. The GDP for our country has been horrible, and the projection for the first quarter not even close.

The corporatist are not going to do anything about it. The US has almost been completely looted already, and that has been going on since the late 60's I believe, and has gotten worse since the 80's.

What I find odd is that so many say they are sick of the politicians, but still vote for the incumbant if it matches the party affiliation.

I also have been stating for years that the great divide, along party lines, is something that has been used against us, by those we put in office. It has to stop, this is not a game, this is not a "neener, neener" playground child's game.

We have to decide that it is our, and the next genderations duty to sacrifice a lot so that this nation can continue. It is going to take a revamp of the system, and it can start with getting corporations out of the political system. Then we the people can decide we don't want to know what trash the other guy has, we want to know what is a politician willing to do to fix things, AND HOLD THEM TO IT.

The change starts with all of us, and as long as we support all this bickering and name calling, starting right here on these boards can be a place to start, then why should we expect any change from those in office? I already have several people on block, their silence allows me to read past their BS and see where those of many different areas of life are trying to come together.


I agree Orion, with what you have written.
The Democrats want to blame the Republicans and the Republicans want to blame the Democrats, and both sides are to blame for not protecting and caring about the long term future of the American people.

It is a scandal and a shame, that a country as great as this one, with some of the smartest, brightest and most highly educated people to advise us, could not have done a better job to keep this from happening.

I agree with this country being looted, and it is a scandal and a shame to see America in the shape we are in, and it seems to be getting worse and worse.



_____________________________

As always, To EACH their Own.
"And as we let our own light shine, we unconsciously give other people permission to do the same. "
Nelson Mandela
Life-long Democrat, not happy at all with Democratic Party.
NOT a Republican/Moderate and free agent

(in reply to OrionTheWolf)
Profile   Post #: 116
RE: The Coming DEPRESSION in America / Evidently MANY o... - 6/12/2011 6:53:13 PM   
Marini


Posts: 3629
Joined: 2/14/2010
Status: offline
quote:

ORIGINAL: brainfreeze

quote:

ORIGINAL: subfever
Though your numbers may be off a bit, I agree with the rest of your post.


Thanks, I gave that out as a concept. I didn't mean to imply it was dead on accurate only that money continues to flow from the middle class to the rich and if anything the speed of that has increased and not decreased in the past couple of years. Look at family expenses... say for example health care.. somebody middle class goes to the hospital... insurance doesn't cover that well anymore... but why would it when hospitals can charge $40 for an aspirin? Any of us are one illness or accident away from potential bankruptcy... and the funds flow to the hospital corporations... sure nurses still make $40 an hour... but for how long? Only until we can flood the market with foreign trained nurses. Then will costs go down? No way. Only wages go down not expenses. Take this one example and extrapolate to the energy market, housing, jobs, etc. The middle class in this country has been targeted for extinction.



yeeeee hawww a post squarely on topic here.
The middle class is being screwed, period point blank.

You say the middle class is targeted for extinction, and I don't disagree with that premise.
If/when that happens what will become of the much than, NEW larger pool of lower and under classed people?

The middle class is basically carrying most of the burden right now for this country, and most of us are struggling to stay afloat.

What happens as more and more middle class people fall over the edge, and down the hill?




_____________________________

As always, To EACH their Own.
"And as we let our own light shine, we unconsciously give other people permission to do the same. "
Nelson Mandela
Life-long Democrat, not happy at all with Democratic Party.
NOT a Republican/Moderate and free agent

(in reply to brainfreeze)
Profile   Post #: 117
RE: The Coming DEPRESSION in America / Evidently MANY o... - 6/12/2011 8:16:45 PM   
willbeurdaddy


Posts: 11894
Joined: 4/8/2006
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quote:

ORIGINAL: BamaD

quote:


ORIGINAL: BamaD



So when vacuuming money out of the economy with taxes was touted good thing it was ok but when it is ridiculed that ridicule is treated as if it wasthe origin of the stupid idea. 



Especially since taxes dont "vacuum money" out of the economy if they are spent.
There are 3 primary ways to vacuum money out of the economy...on a relative basis by growing real GDP, on an absolute basis by selling Treasuries, and on a leveraged basis by stiffening bank reserve requirements.

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to the barking of the dogfox,
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Profile   Post #: 118
RE: The Coming DEPRESSION in America / Evidently MANY o... - 6/12/2011 8:27:21 PM   
Marini


Posts: 3629
Joined: 2/14/2010
Status: offline 		Has anyone ELSE thought what is going to happen IF the government does indeed continue to cut services such as medicaid and medicare, at this time in history, when more and more people need social services more than ever?


Cutting services and programs at a time when people are becoming more and more disenfranchised by the day?

Seriously what are people supposed to do? eat cake?

Weren't many government programs created to assist people so we would not end up on the streets?
What happens as more and more people need the programs that are on the chopping block?

Am I one of the few that ponders these things??????

I was thinking maybe we will have colonies of people that are living in tents, campgrounds, etc.
Similiar to the Joads in the book/ movie, "The Grapes of Wrath".


Short You Tube Video- Scenes from the Great Depression

< Message edited by Marini -- 6/12/2011 8:41:05 PM >

_____________________________

As always, To EACH their Own.
"And as we let our own light shine, we unconsciously give other people permission to do the same. "
Nelson Mandela
Life-long Democrat, not happy at all with Democratic Party.
NOT a Republican/Moderate and free agent

(in reply to Marini)
Profile   Post #: 119
RE: The Coming DEPRESSION in America / Evidently MANY o... - 6/12/2011 8:31:48 PM   
Owner59


Posts: 17033
Joined: 3/14/2006
From: Dirty Jersey
Status: offline 		Throwing a trillion bucks down a black hole in Iraq vacuumed a few dollars out...Woulda been better spent here in the US.

And the '08' meltdown sucked about 17 trillion out of our economy.

Gone,vanished,lost.401Ks,retirements,pensions,savings,investments and options,poof......gone.

And billions in bed debt left for us to deal with.That we`re still fucking dealing with.



< Message edited by Owner59 -- 6/12/2011 8:32:31 PM >

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President Obama

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Profile   Post #: 120
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