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.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (26793)	2/20/2005 3:38:20 PM
From: Skywatcher	Respond to of 110194

this is a very short commentary 3 minutes, by Robert Reich, Clinton's labor secretary explaining in very real and simple terms what the Bush deficit means to you and your family in practical terms; marketplace.publicradio.org

To: russwinter who wrote (26793)	2/20/2005 4:25:03 PM
From: John Vosilla	Read Replies (2) \| Respond to of 110194

If the fools at the controls had just let a normal recession occur and the debt as a percentage of GDP drop back down to 240% we probably wouldn't be facing an upcoming crisis. Meanwhile we have had the greatest misallocation of capital and ever even eclipsing the late 1920's occur on these guys watch.

To: russwinter who wrote (26793)	2/20/2005 6:11:53 PM
From: Elroy Jetson	Read Replies (2) \| Respond to of 110194

I'm sure no one has forgotten the concern Greenspan expressed when the government stopped running deficits under Clinton. Greenspan warned of the problems this would cause by shrinking the pool of available Federal Debt. Without the creation of new Federal debt, the Monetarist system begins to fall apart. It would become necessary for the Fed to issue debt itself both to facilitate controlling the money supply and to maintain the money supply at current levels. If the Feds started paying off their debt, Greenspan would have to issue Federal Reserve Debt nearly dollar for dollar as the Fed debt was called in for payment. The public wrongly blames the financial irresponsibility caused by Monetarism on "the government". The Fed and the Monetarist system answer to the banks, not the government. <Illustrates Greenspan, and other plutocrats bogus argument that Federal deficit spending is the main problem. It's consumer and housing that is the problem.> home.pacbell.net .