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The United States and the United Kingdom stand on the brink of the largest debt crisis in history.
While both governments experiment with quantitative easing, bad banks to absorb non-performing loans, and state guarantees to restart bank lending, the only real way out is some combination of widespread corporate default, debt write-downs and inflation to reduce the burden of debt to more manageable levels. Everything else is window-dressing.
Originally posted by Leo Strauss
I see the same thing on ATS. The conservative never fail to criticize liberals while ignoring their own parties borrow and spend credo! Disgusting!
Originally posted by Leo Strauss
You think everyone is a criminal if you can't look honestly at your own party and how you have been deluded. Go for it...it's probably too late anyway. It just has got to be those pussy liberals fault. Pride proceeds the fall. All you little Babbits in your McMansions. Bwahahahahaha!
Originally posted by Leo Strauss
Franklin Roosevelt saved capitalism from itself and was hated by his own class.
Not to mention guiding our country through the Great Depression and WWII.
Originally posted by Leo Strauss
We need a strong middle class in our country! That is what works!
Originally posted by West Coast
I find humour in how everyone on ATS is an automatic economist...
Even then, the US and UK are in comparatively better shape than Japan is in a debt to GDP ratio.