Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (29048)	2/22/2003 12:07:30 PM
From: Jim Willie CB	Read Replies (2) of 74559

the four scariest current effects in the US Economy now: 1. 76% of the US GDP is now devoted to debt service 2. $4.5 of new MZM money supply has generated $1 in new GDP activity 3. over 90% of all US assets are matched by debts 4. personal household debt is now 107% of personal income these items of info are consistent they indicate to me that we are precisely in the end innings of the Keynesian Monetarist game, as warned by the Austrian School Economists accelerating monetary expansion will be required in order to maintain just a constant level of GDP stop the money printing press, and the economy implodes strong words, but we are there here and now and today !!! the sad part is that the system cannot back out of it they can attempt to misrepresent the debt levels, as they do, as GreenScrotum does, as the press & media does GreenFlator prefers to look at cost of servicing debt, rather than debt ratios, since the practice serves him but interest rates will rise as the dollar implodes coming to a neighborhood near you SOOOOON which is it? Greensputin or GreenScrotum? he has turned out to be a liar recently, an abject clear liar household debt levels are rising every single decade there is no norm, only a dangerous upward trend the story is the same for corporate debt, only worse now we have the federal debt explosion coming I eagerly await the refusal and rejection by foreigners to finance our debts soon / jim

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