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Politics : Stockman Scott's Political Debate Porch
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To: yard_man who wrote (10333)12/12/2002 1:58:56 PM
From: Jim Willie CB  Read Replies (1) of 89467
 
capex: central force behind economic recovery (absent)
it is hugely absent
instead, economic health is concluded from reports on continued consumer spending
nevermind that the spending is outpaced 3:1 by new debt incursion
oy oy oy, what hacks

the community of economists is fast becoming recognized as an EDEN OF FOOLS

The Austrian School offers a glimpse into what is next
it is much akin to Weimar Republic of Germany
as debt rises, evermore new dollars are absolutely essential in order to prevent collapse
so the printing press accelerates just to keep things even
the economy will stagnate even with huge increases in MZM money supply
the Fed can print all they want
just wait until they tire, or realize what they are doing
better yet, what they have done

as Puplava aptly put it "John Law now meets John Maynard Keynes"
together they produce volatile dynamite
John Law was the chief 18th Century architect who convinced the French Govt to support a moronic South Sea or Louisiana territory sham
THE SUPPORT CAME IN THE FORM OF VAST RISES IN PRINTED MONEY
I cannot remember the details
if someone has it, great (thanks in advance)
in time, John Law was condemned for destroying the French economy
I cannot remember if the failure led to the French Revolution

as for the Federal Reserve, I say
STORM THE BASTILLE, OFF WITH GREENMAN'S HEAD

/ jim
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