Posted by Garnet71 on March 25, 2009, at 11:04:38
In reply to Pathological Extreme Views, posted by garnet71 on March 23, 2009, at 16:07:57
At the beginning of the Great Depression, the world abrubtly halted spending via international trade, all countries closed up. Many economists attributed this to the facilitation of the GD.
It seems now, the world has abruptly halted spending via credit/lending.
I see all the trillions the U.S. govt is spending. It seems, at times, a way to prevent another G.D. At the same time, we are printing money and selling more bonds to cover it. The U.S. is still the most desirable country to invest in, if I'm not mistaken. As long as the Chinese are willing to continue to buy the bonds, we will be ok in sustaining the deficit, if growth results. However, the Chinese will own the U.S. someday if this rate continues. In addition, with the expansion of our money supply, the inflation risk is huge. If the spending does not facilitate growth, we will be in trouble.
It was from world economic distress that communism and Hitler emerged. (I know-everyone uses Hitler to validate a point; I do too..lol)
Yet, all I hear on the political scene is it's ALL the democrats fault or it's ALL the republicans fault. Again, it's scary.
Anyone want to meet me in a beer hall for a drink?
poster:Garnet71
thread:886693
URL: http://www.dr-bob.org/babble/psycho/20090227/msgs/886934.html