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To: RetiredNow who wrote (260806)	7/14/2010 3:18:42 PM
From: Skeeter Bug	Read Replies (2) \| Respond to of 306849

our leaders are criminal, not stupid. also, a monetary system that REQUIRES debt be taken to CREATE MONEY (save for coins) is a ponzie scheme where money owed is ALWAYS greater than money available to pay back debts. ALWAYS. a debt backed "sovereign" money supply has to be ended. the money supply should be interest free. loans can still be made, BUT THE MONEY SUPPLY HAS TO BE DEBT FREE - WE SHOULDN'T PAY PRIVATE BANKERS ANNUALLY FOR THE PRIVILEGE OF HAVING A MEDIUM OF EXCHANGE. i can't believe the brain washing that makes the average person not get this simple concept.

To: RetiredNow who wrote (260806)	7/14/2010 3:32:51 PM
From: tejek	Read Replies (1) \| Respond to of 306849

I don't think we do either. But I'll tell you this, Krugman, Obama, and any of the other Keynesians are wrong. You don't solve a debt crisis with more debt. Sometimes you do.....as discussed in this post: Message 26683647 There is not one solution for a problem. Typically there are variant solutions for similar conditions. Sometimes your car doesn't run because its out of gas; other times because the battery is dead. In a crisis, flexibility is needed not rigidity. We need to let the deleveraging happen and let the folks who own toxic assets get wiped out. Unfortunately, our government now owns most of the toxic assets created by the criminal bankers, so those private losses have been socialized. That is the fault of Bush and now is the fault of Obama, through their support of Bernanke and Geithner. First of all, the feds are making profits on the money they lent. Even AIG is starting to repay the loaned money.....with profits. Secondly, many of those toxic loans are not so toxic any more. As the economy turns, and housing improves, those loans will grow less toxic. Most West coast markets and some East coast markets are seeing appreciation.....as appreciation improves the toxicity of those loans is reduced. It was wrong, wrong, wrong. And you know I have no love for the idiotic policies recommended by the GOP. I know that but old habits die hard. ;-) The solutions are simple. Don't spend more than you make. If someone in your country takes foolish risks and it blows up, then they must pay the consequences, not pass those consequences off to our government or to someone else. The GOP doesn't get that and Obama and the Dems don't get that either. That's true for individuals most all the time. Its true for gov'ts all the time except when in crisis or confronted with war. The problem with this country is the only time we cut back was under Clinton. With that notable exception, the deficit was allowed to rise since Reagan so that the rich could pay less taxes and we could keep defense spending high. In short, we're fuuked, because we have stupid leaders. Not true. Obama will be one of the best presidents of the past 100 years. Mark my words. Its too soon to judge him and its too soon to start cutting the deficit but we are close. And he will do it because he has some good people around him. Geithner is turning out to be very effective. And I am not saying that because they are Dems. I wasn't a Dem until 2008....and you know that. I joined that party because of the nightmare the GOP has unleashed on this country. I voted for one R in 2008 and he has turned out to be a problem. I will never vote for another R again until that party cleans up its act. And for the record, I am a fiscal conservative.