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 Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (261105)	7/15/2010 12:57:45 PM
From: Lazarus	Read Replies (1) \| Respond to of 306849

if you're going to refer back to that era .... there are a few points to keep in mind. they have been discussed a lot on this thread: 1) USA was the country that was LENDING to all the other countries 2) USA was the world's industrial powerhouse 3) Europe was wiped out during WWII and USA was the prime contributor to the rebuilding of Europe. today we are borrowing from other countries to fund our deficits and outsourcing our industry abroad. its because we are in such shit-shape that some suspect that a another great war looms on the horizon. on a positive note - given this country's resilence, as Buffet says: "its tough betting against America".

To: tejek who wrote (261105)	7/15/2010 2:01:47 PM
From: RetiredNow	Read Replies (2) \| Respond to of 306849

What FDR did then is very different than what the Dems are doing now. FDR invested in large public works that had huge returns on investment, like dams, bridges, roads, etc. We got something for our money. This quantitative easing/money printing, bailouts, and never ending welfare is just pissing money into the wind leaving nothing to show for it. Borrow and spend Keynesianism only works if you invest in things that return greater than the cost of borrowing. What Keynes actually recommended was to build up a reserve in good times to use during bad times to even out the downturns. That was fiscally responsible. But you can't only use Keynes' theories when things are bad, like the Dems are doing now.