chicago and a bankrupt US and money printing ala argentina

I'm a big believer in trickle down economics

the first thing you do is fire and eliminate the mayor, and just keep working your way down until all you are left with is a few firemen and a cop.

they always do it backwards
 
achilles28 said:
Realistically, not much can be done. Default, print or tax. In any scenario, the economy gets clobbered by a death stroke. Tax, and real incomes are destroyed. Inflate, and real incomes are destroyed. Default, and the borrowed money sustaining our economy is gone. Billyjoe is full of crap. Not worth addressing. To suggest printing money has zero effect on the price level is complete and utter horseshit. The Naz never made it back to 4,500. Good thing oil, commodities and housing didn't double, and in some cases triple!, in the meantime! Yes, good ol' inflation is nowhere to be found. When one bubble pops and deflates, it doesn't mean every asset class is deflating! I'd say US Treasury debt is looking extremely bubbly, right now. What is it? The FED buys 75% of new issuances? Give me a fucking break. It's not even a real market!

Oh ya, and if printing money and spending it into the economy has zero effect on the price level, then maybe somebody can tell me why the Treasury and FED engaged in the largest private asset purchase program of all time (TARP1, 2, Maiden Lane 1,2,3, QE1,2,3), to "support the economy and save jobs". What was the point of that again? Oh right. To save the market from fucking tanking, the real estate market from tanking, and the entire finance, banking, construction, retail and auto sector from tanking. Right. Thank you.
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I think the point of all the bailouts was the same as always: to get re-elected. That is why donors to politicians decide more policy than the future of America or its kids.
 
ammo said:
it's just in a very few hands
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.... but such is the nature of capitalism to fail in this way. The rich get richer because they own assets, while the poor labor for the owners at whatever rate labor goes for in a market. Money is a derivative for selling labor isn't it?
 
i know some very good traders who believe these type of nonsensical thoughts. not quite. they are actually consummate believers in conspiracy theories.
 
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