R C Macaulay wrote:
Howdy Vorts,
Interesting views comijng forward on this subject such as...
This is a problem, in fact, with all kinds of debt-based (interest
yields) currencies. The illusion of endless growth reveals itself as
what really is.
Your generation lived beyond it's means, as did mine, as did Gen X, as
are their children. Now we've elected a president who is going to
continue with the same nonsense. I have often considered the analogy of
Titanic after it hit the iceberg. The sinking has been postponed by
technological development. In this case cohering the ZPE which will
reduce our oil imports.
Technically in these cases, the economy return to the fundamentals
(that are not bad, certainly) very quickly also.
Not bad! We're continuing to live beyond our means, we have a hugh
unfunded debt, and we're in a war with no end in sight.
From reading the posts, it appears there is a division between those
that
view the economy in a temporary recession vs those that view it as a
coming depression. Little has been
You can put me in the second group. I think that the only reason the
whole thing hasn't collapsed is the will of G-d.
They started coining their own money.
Richard
Just remember what happened to President what's his name when he started
printing money outside of the Federal Reserve.
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