Im Just Sayin.... IMPERIAL FEDERAL GOVERNMENT UPDATE.... The Feds Tell Us If We Can Get Credit Moving Again. Everything Will Be Fine??? Hammer this into your head folks: Credit will never, ever substitute for actual economic output because it cannot. At its best credit is just a time-shift. That is, it allows you eat a hamburger today and pay for it next Tuesday. At worst it is an instrument of theft because if the credit is not paid down and thus removed from the system it destroys purchasing power on a dollar-for-dollar basis -- it mathematically must do so -- and thus screws not only everyone else but the person who takes it out as well since nobody ever lends for free. In other words credit that does not self-liquidate is a shotgun that you place in your own mouth -- and you then tickle the trigger with your big toe while praying that your foot dexterity sucks. Nobody in the political sphere who does not (1) understand this and (2) preach it and formulate their entire economic policy around it deserves support. Ever. Period. If you fall for, support, help or in any way or give aid and comfort to such a politician you are slitting your own throat. Were about to blow our own brains out (again) and as all of this is going on all you have to do is look at the patterns in the market and you see all of the indications of a massive 1999-style bubble but worse. Many wish to look at P/E and similar statistics and say oh but thats not so bad but the E part is goosed through these programs as well and because it is not output based but rather by stealing from you the underlying premise is false.
Posted on: Tue, 12 Nov 2013 18:15:29 +0000
Trending Topics
Recently Viewed Topics
© 2015