On Wed, Apr 6, 2011 at 2:11 PM, Gruss Gott <[email protected]> wrote:
> Beginning in about 1995 (give or take) people started borrowing bunch, > which meant spending, which mean more borrowing which meant more > spending! Nope. In 1995 people put down 20% of there homes value to buy it. Years later 0% down and no interest for five years became the norm. Like when Gen-xers started buying homes. You know, the ones that didn't get spanked but sent to time-out. The ones that didn't keep score so as to not insult the losers. > 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. The loans stopped because the balloon payments came due and folks couldn't flip there useless houses anymore. > 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. The Fed paid billions to the banks to make loans but they just took the money and turned down most loans. > 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. It can be stopped. I say it once a month. Let companies know you won't punish them with taxes and regulations and they will expand and hire. They're all sitting on cash waiting for either Obama to say go or they will move offshore after the next election. > 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! I know, blame o ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| 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:336019 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
