The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: gregor_us who wrote (24774)	11/24/2009 7:48:31 PM
From: carranza2	of 71466

imo they calculated badly and there are many reason but for me the biggest one is that all the econ people advising the President come from the same infinite debt/goose the system/it takes care of itself paradigm. The only way to have effectively dealt with this burst credit bubble would have been to take the most, not the least, political risk. Stuff like ending the wars immediately, smashing the defense budget down to size, putting the military to work on energy transition by building out natural gas infra but also drilling offshore in the US to create the dollars to build utility grade solar and trains. The whole StimPak would have had to be more like a Chinese StimPak: rail, rail, and more rail. You know, the productive energy-capture infra that would give impoverished Americans a chance to lower their energy costs. Instead, the O Team invested in cars, banks, and highways, and houses. Hear, hear. Nice.

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