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Member Since 01 Jul 2001
Offline Last Active Sep 27 2015 11:46 AM

Posts I've Made

In Topic: Balance the Federal Budget

27 September 2015 - 11:46 AM


LOL....if not for the massive deficits of 2009+, we would have seen a replay of the 30s.  The notion that the debt has to be "retired" is nonsense.  US public debt to GDP ratio is a bit high...but it is nothing compared to the debt in the private sector.  That is the real danger.  That is what caused the crisis.  The increase in public debt post 2008 was a tool to keep private sector debt from imploding completely like the 30s.   Also, in the late 30's...it was decided that they were through the worst of things, and they needed to reign in spending.  The result was a sharp and painful recession.  Private sector credit creation could still not stand on its own.  If you got your way...you would basically be saying...lets repeat 1937-1938 again.


The debt needs to be retired.


Yes, I want a repeat of 1937-1938 again.


Cleanse the system of this awful mess!


If it means having a revolution, then have a revolution.


In Topic: Total Credit Market Debt as a % of GDP - still up there!

24 September 2015 - 08:15 PM

2015 Q2 just in.


Dropped slightly to 347%


Total Credit Market Debt as % of GDP.





In Topic: A Banquet of Consequences.

13 September 2015 - 02:09 PM

Read Sun Tzu.


This is the philosophy that Trump is following.

In Topic: Total Credit Market Debt as a % of GDP - still up there!

13 September 2015 - 02:05 PM

2015 Q2 numbers will be out this Friday, 9/18.

In Topic: Total Credit Market Debt as a % of GDP - still up there!

06 September 2015 - 01:24 PM

This one is just as scary! Suppose China pulls out...hmmm. Looks like that has already begun.



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