Whether that was the actual goal or simply an unintended consequence, the fact remains that the net effect of recent economic policy is the gradual destruction of the middle class.
> -----Original Message----- > From: Mercedes [mailto:mercedes-boun...@okiebenz.com] On Behalf Of Gary > Hurst > Sent: Saturday, September 21, 2013 3:04 PM > To: Mercedes Discussion List > Subject: Re: [MBZ] (no subject) > > i think it was an effort to destabilize the middle class. in my old > neighborhood, rather than that help the homeowners stay in their homes , > they sent the sheriff for the homeowners, paid the banks the full not plus > 10% and turned around and sold th houses for 1/3 what they bought them > for. explain to me what else that is an attempt to do? > > > On Sat, Sep 21, 2013 at 2:57 PM, Scott Ritchey <ritche...@nc.rr.com> > wrote: > > > > > This is significant, particularly when you recall that the crash of > > 2008/2009 was purely a banking crisis. Sure, lots of folks bought > houses > > they couldn't afford (only after banks made foolish loans with > > Freddie/Fanny > > cheerleading all the way). But the taxpayer didn't bail out those > > homeowners, taxpayers bailed out the banks and a few businesses (like > GM) > > that were more bank than automaker. Domestically, it may not make much > > difference immediately because dollars (no matter how many are > printed)are > > still legal tender. But when dollars become worth less internationally, > the > > cost of imported things (like petro and all consumer goods) will > skyrocket. > > That, in turn, will ignite domestic inflation. Even if the US develops > > gobs > > of domestic energy, it will be exported. > > > > I like my lead with copper jackets. > > > > > -----Original Message----- _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
