So the people do realize this and fired many Democrats. The GOP marched in and said cool, business as usual. The Tea Party folk that got elected said no f'n way and they are cutting the deficit left and right. Then people like Judah start a thread about how evil the GOP is to try and balance the budget and you agreed with him.
And Gov Walker takes drastic measures to save his state and you label him evil. Let's just hope he started a nationwide trend. . On Sun, Mar 13, 2011 at 6:46 PM, Gruss Gott <[email protected]> wrote: > > Sam <[email protected]> wrote: > >> >> You watch and believe too much >> >> > One of the more intersting items in the movie Inside Job is how our > economics educational system at Ivy League schools has become corrupted over > the last 30 years. > > It has an interesting interview with a professor who wrote a very positive > review of Iceland's banking system. When asked who he spoke with in Iceland > he said, "you know, people ... different ... people". He was paid a nice > consulting fee by the Iceland Chamber of Commerce. Of course 2 years later > their economy imploded and now they're bankrupt. > > What's interesting about the US meltdown is that many think things are > "humming along". What a lot of people don't understand is that they're > humming along because the Federal Reserve is buying 70% of the debt the US > is issuing to keep our economy humming along. > > It's like losing your job. Your kids sense the crisis, but once you decide > to tap into your savings to pay your bills they sense that everything's back > to normal and things are humming along. Of course you know that if you > don't find a job before your savings runs out then everything won't be > humming so well. And you also know the humming will stop pretty abruptly > and things for your kids will change in a flash. They'll go from humming > along to total life change. > > Well, QE2 - the Fed buying 70% of US deb - ends in June. In anticipation of > this PIMCO, once the largest buyer of US bonds, has sold all of them. ALL > OF THEM. They have NO INVESTMENT in US debt any longer. > > Now PIMCO is considered to be some of the smartest - and most conservative - > investors out there. > > QE2 ends in June. And there's no doubt there'll be a QE3. > > The last time the World was in a situation like this it started WWII. The > time before that WWI. Course this time there's no ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:335045 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
