Sam <[email protected]> wrote: > > Really? Is that what they taught you in Gen-x camp? Stomp your feet > and demand you're right. > > Damn the facts!
Nope, they taught me what a loan is. See that the illusion of wealth you have - loans. A home is loan. Beginning in about 1995 (give or take) people started borrowing bunch, which meant spending, which mean more borrowing which meant more spending! Home buyers borrowed, paid construction companies who hired worker who used their salary to buy stuff including ... more homes! And also including whatever stuff your company makes. In other words, you can trace your pay to home loans. Then in 2008 the loans stopped. and the entire economy almost crashed! We had to find a liquidity replacement for shitty loans ... Quantitative easing! Which is just a fancy word for a loan. So the Federal Reserve typed some keys and put billions into their accounts and then started buying stuff (like gov't debt). So worse than loans. They de-valued your money and assets. Bush did to be specific. Remember how I said you have zero wealth growth but don't know it? Well, QE was the first step in getting you back to zero. Well anyway, QE1 that took up some of the consumer spending slack (70% of our economy btw funded, again, on home loans), but with no growth we needed another solution ... more quantitative easing! And those run out in June. In 2 months. Make no mistake Sam - Republican or Democrats, neither can stop it - everything you own is going to devalue. Deflation. It's coming big time. Your wealth is going back to zero. Probably below where you started a decade ago. Oh, and that totally ignores the Medicare/Medicaid/SS problem. Blame whomever you like, but you're going back to 1999. hey! party like it's 1999! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| 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:336014 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
