tag:blogger.com,1999:blog-2992740250270600844.post733092813295722370..comments2024-03-24T05:26:32.964-07:00Comments on Advancing Time: After The Coming CrashBruce Wildshttp://www.blogger.com/profile/10181323607060607040noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2992740250270600844.post-52123409699186448252016-01-02T20:27:10.762-08:002016-01-02T20:27:10.762-08:00Yes....speaking of your generous welfare programs,...Yes....speaking of your generous welfare programs, tell me about it. Was that suppose to be the payment for the poor souls of those who were held captive for 250 years of free labor and heinous atrocities and were never paid a dime by this so called great country. Don't flatter yourself. The resulting psychological damages was and still is stupendous.Anonymoushttps://www.blogger.com/profile/13351908701047616015noreply@blogger.comtag:blogger.com,1999:blog-2992740250270600844.post-47681234303851848192015-12-25T11:57:46.214-08:002015-12-25T11:57:46.214-08:00Congress stated over and over that it is just kick...Congress stated over and over that it is just kicking the can further down the road, but that didn't stop them from doing it. When the efforts of recovery began after the crashes that left us in a Great Recession, I said they all amount to snow plows pushing the snow straight ahead. The plow is built to push the snow off to the side, but if you set the blade to just push the snow ahead, you will build up such a mountain of snow in front of the plow that eventually it loses traction and can no longer push the load ahead. <br /><br />I'm afraid we are at that point. Congress was foolishly ready to believe the Fed could engineer recovery. The Fed sometimes warned it could not and that fiscal policy must be put in place to create a more sound economy, but those warnings were faint ... I suspect because the Fed's head was inflated by the idea that people thought it could save the world and it came to believe that itself.<br /><br />The truth is that the Fed gave us anesthesia. Had we diligently used that time to restructure our economy away from debt, it could have saved us a painful transition. Instead, we let the anesthesia numb us to the work that needed to be done and left the injuries untreated, since they were not causing much pain. Now the anesthesia has run out, and we still have all the corrections to make ... AND we have piled up mountains of debt so that we have no strength left. We have squandered our opportunity for change by just trying to maintain the status quo by financing everything with debt, continuing with adjustable-rate mortgage traps, continuing some of our sloppy terms of credit, continuing to allow deregulated banks to speculate in the stock market, not allowing people with 401k's to operate outside of the services of fund managers by letting them buy and own actual bonds with the same tax advantages, discouraging savings as if it were plague, trying to re-inflate the housing market with zero interest base rates, instead of letting it deflate back to a level where people can afford a home without ridiculous terms of credit, extending the sloppiness of auto financing into lengths that exceed the collateral value of the automobile. <br /><br />It's almost unbelievable how dumb we are in our greed to have everything right now in the cheapest way possible and how willing we are to force the debts of our consumption upon our grandchildren. I think there has never been a more selfish society on earth that is so willing to let future generations make payment for our lavish lifestyles. We even let the next generation pay the bill for our generosity by creating welfare programs that we finance far into the future so that we can feel like WE take care of the pour, while we hand the actual burden of paying for that off to our children!<br /><br />--Knave Dave<br />The Great Recession BlogUnknownhttps://www.blogger.com/profile/14223663384656024484noreply@blogger.comtag:blogger.com,1999:blog-2992740250270600844.post-39020040446585608562015-08-27T02:26:42.516-07:002015-08-27T02:26:42.516-07:00It is pathetic that the global economy is driven b...It is pathetic that the global economy is driven by a small adjustment in interest rates. To understand, you need to take into account that some in the financial industry understand the nature of the house of cards that is being built, but they assume that they have the “HOSBA” like they say Yiddish to survive the next bursting bubble. <br /><br />Stan here is like Stockman seems to believe that we have a free, fair and rational global system of finance and investment. You need to read the modern history of European economies to see how the Finance establishments “bond underwriters” supported and ran governments, and resolved their economic cycles with wars.<br /><br />Forget all the nationalist crap. It has always been a one way policy to transfer wealth. We may have reached an unsustainable stage of massive economic cycles, so it seems, but the financial mafias are, way-way, more informed and powerful than any thing this planet has ever seen, and will create the financial global machination to suit their needs. <br /><br />Anonymoushttps://www.blogger.com/profile/08787359538774525084noreply@blogger.comtag:blogger.com,1999:blog-2992740250270600844.post-38376140472383908522015-08-27T01:57:54.243-07:002015-08-27T01:57:54.243-07:00do not see my comments here??? is your software w...do not see my comments here??? is your software working?Anonymoushttps://www.blogger.com/profile/08787359538774525084noreply@blogger.comtag:blogger.com,1999:blog-2992740250270600844.post-658427682316333652015-08-26T04:22:06.470-07:002015-08-26T04:22:06.470-07:00Everything is being borrowed and stolen from the f...Everything is being borrowed and stolen from the future, eventually the future will want it's wealth back.J68Rhttps://www.blogger.com/profile/01040733058364767030noreply@blogger.comtag:blogger.com,1999:blog-2992740250270600844.post-18657188898034015892013-10-21T09:33:06.398-07:002013-10-21T09:33:06.398-07:00Hi Bruce, always enjoy reading your post, the worl...Hi Bruce, always enjoy reading your post, the world goes on, most people are oblivious to what could happen, I like you feel the glass is less than half full and doesn't look like it is going to get better, makes it difficult to invest in this inflated market.tobyhttps://www.blogger.com/profile/17462089390163383827noreply@blogger.com