Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (4010)	8/6/2002 4:49:56 PM
From: Jim Willie CB	Read Replies (3) \| Respond to of 89467

Voltaire is typical among the CLUELESS investors he overlooks two big key huge issues 1. as household debt rises, then payments to service that debt rises, and reduces the amount that can be spent on goods & services... same goes for corporations... in fact, combined US Household installment plus mortgage debt now is 105% of income, and rising each and every year... expect over time for spending to be reduced... and if it gets out of control, then bankruptcy follows 2. as we add more and more liquidity to the system, we devalue the USdollar via oversupply... this has seriously weakened our economy already... now, as the USdollar has begun its decline, I expect its decline to continue... as it does, WE IMPORT INFLATION from all the foreign-made products and components... and worse, WE INVITE FOREIGNERS TO SELL USTBONDS, WHICH RAISES OUR INTEREST RATES Voltaire is clueless mainly because he sees no eventual harm in our debt-ridden trend he sees no likelihood of consumers eventually cutting back on spending, from overwhelming debts or insecure jobs he sees no prospect for foreigners selling our financial assets he expects the world to continue to support our economy, EVEN AS THEY ARE RAPIDLY LOSING RESPECT FOR OUR SYSTEM AND OUR LEADERS we cannot continue to print and spend dollars, filling the world with such paper the laws of supply & demand catch up to such abuse Laws of Economics are immutable and cannot be repealed by spend-crazy Congress Laws of Economics are BRUTALLY HARSH, AND UNFORGIVING coming within a few months: rising interest rates, against the wishes of the Fed, and despite their attempts to control the situation !!! slowly rising prices, from imports, especially if the USdollar continues its decline... as about all the top experts expect, given our growing trade gap and growing federal deficits, not to mention our steadfast trade barrier policy (which is really really counter-productive) / jim p.s. methinks the Volster is a TRIPLE DIP in economic measures