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Originally posted by alchemicalbrother
reply to post by realist00
One thing that just occurred to me is--and I need help with the brainstorm--if the US gov't spent a few trillion dollars on citizens in poverty (and require businesses to double the minimum wage for starters), instead of on bank "bailouts" and a ridiculously beefed up DOD (not to mention black budget funds) and tax cuts on the mega-wealthy, wouldn't that be a good first step toward jump starting the economy and giving people "hope". This kind of "trickle UP economics" might be the kind of "change" that would give people reason to really start thinking "yes we might..."
Bad idea unfortunately. The government needs to downsize, and they need to cut back spending. There are a number of problems with the US economy, but one is debt. There is an over burden of debt. The US system is collapsing because the people no longer have the means to pay them back.
This was caused by market prices rising due to increased 'so called' wealth. Simple demand = supply. If there is higher demand, the place will be given more value. People started defaulting badly in sub-prime one. The banks were then left with a property which in the boom was worth $500,000 is now worth $250,000. That is a net loss to the bank of $250K. Take that across many many assets, and the financial institutions are buckling because their net worth is now negative.
It is being made worse by many other factors. Credit will now begin to squeeze because of the risk.
The US has been running a risk less society, unfortunately a lot like Australia. It needs to reset. Any 'created' monies will cause massive inflation. The need to stop spending money, or they will only make it worse for us all. We need to cop the medicine now.
Hmmm.... I wonder what's really happening here with our so-called economy. Deliberate meltdown to bring the "power" and the "money" back to Europe?
That is possible. The Federal Reserve should have seen what was coming to them.
I might make a prediction. If the economy collapses which is definitely a possibility, it would not surprise me not to see Joe Biden step up.
I reckon the military may take over.
The hope that Obama has created, will create a lot of civil unrest in America.
Originally posted by LostNemesis
Oh wow, I watched it again... And this time I caught what you were refering to.
Ron Paul is implying that whoever runs the Republican party, is the same people/group that runs the Demoncrats....
This is what we have been saying for years.
Thanks Ron Paul.