Like all subjects, some people understand and are generally basically
right and there are people who do not have a clue and are basically
wrong even though they have positions of power and fame. It really
does matter whom you believe since we as individuals cannot master
everything. To understand what is happening I suggest you read Empire
of Debt and Currency Wars. Much of what goes on in the financial
word is invisible to most people until the crash comes and they have
lost everything, as millions have done during the latest collapse. The
next shoe is about to drop and it will be much worse according to the
same people who predicted the last collapse.
Do not believe anything the government says or anything you hear from
the spokesmen on TV. A disconnect exists between reality and what you
are told by these people, just like exists with respect to cold
fusion. We live essentially in two different realities these days.
But then, that is my conclusion which you have no reason to believe
either.
Ed
On Jan 27, 2013, at 6:54 AM, Nigel Dyer wrote:
The fact that an analysis conflicts with every economist does not
make it wrong. After their almost complete failure (yes I know there
were some notable exceptions) to predict our current crisis I no
longer have much faith in what economists say. A few years ago the
UK Queen asked some economists at a function why they had not
predicted the current mess, and to their credit they went away and
came back with a report. The first real royal commission that we
have had in a long time
Nigel
On 26/01/2013 23:54, Edmund Storms wrote:
Sorry Jed, but your analysis conflicts with every economist that I
have read and I read many. Raising taxes back to Clayton is not
possible because the economy is not growing as fast as it was then
so that the tax rate would have to be a bigger fraction of the
income to provide the same amount of money, which people resist.
Also, the debt is much larger now. We have passed the point of no
return according to most analysts.
Ed
