It's Official: The Fed Screwed the Pooch

You can fool some people, some of the time. But you can't fool all the people, all the time.

Laws of Economics are immutable.

This inflation either gets validated through wage hikes or smashed through reduced discretionary spending and eventual recession.

And we're already in a recession. But got a long way to go.

Fiat money booms are the worst kind. They produce no productivity gains, whatsoever.

Productivity aka technology is the driving force behind *lasting* economic booms.

All Greenspan did is flood the economy with worthless paper and everyone thought they were rich. Maxed out home equity, put everything on credit. Its a NEW ERA, they thought!

Its going to get much worse.
 
Quote from achilles28:

You can fool some people, some of the time. But you can't fool all the people, all the time...

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but you can fool the ET Neocons all of the time.
 
Quote from Mom0/pH0x:

wow, you, ratgirl, zzzenu, and LT71 or whatever his name is are all in the running for the biggest walking condom advertisements of all time...

first of all the ''laws'' of economics are immutable? it's a social science, which are generally defined by their subjectivity...

"fiat money booms are the worst kind"

are you serious? pretty much every sort of money out there is fiat money, switzerland was the last to go sometime in the 70s i believe, but there is no major nation that isn't on a fiat system, you really need to become more educated before you come here and start trying to sound authoritative or even informed about this topic...


"Productivity aka technology is the driving force behind *lasting* economic booms. "

I really dont think i need to humor anyone with specifics as to how reductionist and ignorant this statement is... productivity and technology are necessarily synonymous, and not only that they are the single cause of "lasting economic booms?"

"All Greenspan did is flood the economy with worthless paper and everyone thought they were rich. Maxed out home equity, put everything on credit. Its a NEW ERA, they thought! "

Ok, you keep surprising me... greenspan increased and decreased the money supply SEVERAL times throughout the course of his tenure. He was in fact critical of the administrations desire for and inflationary and devaluative policy. He was against keeping interest rates artificially low, in order to keep equities artificially high, and create synthetic credit expansion and the corresponding housing boom/bust process which is now starting to be affected by the incipient consumer credit bubble. He did, however, acquiesce the administration in the latter years of his tenure. Greenspan will go down as one of the greatest fed chairmen ever in all likelihood. You could really stand to educate yourself here. Would help to get some of that egg off your face.

"It's going to get much worse"

I agree, but for none of the comically uninformed reasons you cite.

Quit looking at life like a comic book. Get a life, and an education. Good luck.
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I could handle your ass in a New York Minute.

Every time someone recollects Jews in a bad light, there you are, ready to save the day.

Considering I'm drunk off my ass, i'd rather not deal with your contemptuous bullshit and personal hangups on ANCIENT HISTORY.

And no I don't hate you because you're Jewish. I couldn't give a fuck. Its the attitude, the haughty ignorance that makes you obnoxious.

Greenspan. The poor old fucker that sold us all down the river with zero rates.

The Laws of Economics ARE IMMUTABLE , dipshit.

You want to go a few rounds to redeem your brethren's "honor"??

Not worth your time. These people knew the affects of money supply 300 years ago. And now you're gonna pretend stupid.

Stupid, Guy.

No, I don't hate you. Give it up already. Playing the Jew-card is tiresome.

What?? Am I "anti-Christian" because Rockerfella is a total douche bag fuck?

No, I'm not.

Learn to read between the lines.

People that HIDE BEHIND Christianity - or Judaism - aren't always Christian. Or Jewish.

Ponder that for a while.

Talk later.
 
Quote from Mom0/pH0x:

ROTFLMAO are you serious? what the fuck are you talking about? you could 'handle' me? your alcoholism is in high gear, you should get some help... and what the fuck do jews or judaism have to do with this?

sorry you didn't sober up in time to delete your post. that's going to make your hangover all the more difficult...
i'm of jewish and scandinavian descent, family also had an extended presence in northern italy, but what does that have to do with any of this?

Every time someone recollects jews in a negative way? Jews weren't mentioned in this post at all... When you are drunk it's easy to see that your obsession with jews is rather pervasive and that you generally interrelate it to nearly everything... that can only be described as mental illness, alcoholism is also symptomatic of mental illness...

Ancient history? wow, still has absolutely nothing to do with this topic... Your are clearly out of touch with reality...

If you can't even discern the aforementioned I'd rather not pontificate the finer points of economic theory with you... that would be very tiresome...

Greenie caved under pressure from bush admin with regard to near zero rates, he's since pretty much admitted it, Soros was also highly critical for doing so, but hey, he wanted to keep his job, if he wasnt doing it, theyd just replace him w someone who would do it...

Go a few rounds to restore my ''bretheren's'' honor?
I don't know what you mean. The last jew obsessed sociopathic freak show that challenged me on here backed on his challenge, and subsequently somehow lost his job.
I can only assume that in your drunken stupor, ''bretheren'' refers to other Ashkenazim? If so, then there's nothing in need of restoration... But whatever sort of ''rounds'' you refer to(probably rounds of scotch for breakfast for you), yes, I accept...

I have no fucking clue what you are talking about but the 'jew card', whatever the fuck that is, was not being played here, nowhere in this thread were jews mentioned... until you came in your obsessive drunken stupor and somehow related judaism and jewishness a part of this...
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Guy, I couldn't give a rats azz where you're from, who you are or what an internet 'Big Shot' (LOL!!) you claim to be.

Your anti-semitic smears are famous around here. You're hyper-sensitive, and wear it on your sleeve. I know theres a lot of anti-semitic crap on the boards.

But when you jump down my throat and flame me cause you don't like what I say about another Jew, Greenspan - who you just admitted dropped the ball - bitch, please. Back the fuck up.

You need to calm down, take a few deep breathes and realize we're not all 'out to get you'.

And your first response was a complete joke. You misunderstood - or misconstrued - every point I made. Considering you're one of brighter posters on the board, its obvious you wanted a fight. Thats why you started one.

So don't play the innocent victim cause I just handed your ass on platter. Doesn't work with me.

Anyway, I enjoy your commentary. Keep posting.
 
Quote from Mom0/pH0x:

if you don't give a 'ratzz' what i am then why do you continue to bring it up? neither do i know how you define an "internet big shot"... but i can assure you i never claimed to be one...

my antisemitic smears are famous around here? First, I am jewish, so it wouldn't make much sense for me to participate in antisemitic smearing would it? but here not only in the same thread, but the exact same POST do you change your mind and tell me that i'm sticking up for other jews because of the fact that they are jewish... you are so far out of touch with reality that it's hard to have a coherent conversation with you...

First of all, i disagreed with you based on statements that had NOTHING TO DO WITH JEWS OR JUDAISM! YOU chose to bring jewishness into this which would suggest that it is YOU, not *I* which is hypersensitive to the issue of judaism...

Your assertion that I disagreed with your comments simply because Greenspan is a jew is straight up retarted... I disagreed with them because they are bullshit... Maybe you are STILL drunk, i dont know, but you are the one who is obsessed with the notion that this may somehow be about judaism... which is pretty irrational to everyone else taking an honest look at the issue...

Handed me my ass? You arent even making sense! You are joking right? You are bringing judaism into an argument about economics! And the fact that you think you are somehow winning it is a testament to just how much of an alcoholic delusional freak show you are...

Good luck... and remember... Keep coming back, it works if you work it!!!
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Let me guess. English is not your first language.

In every response you missed the implied nuance of the written word. Colloquial, is another name for it.

For example, "your anti-semitic smears." No, not you making anti-semitic smears against Jews. You smearing other people as anti-Semites because they talk shit about Israel, in a secular sense.

You made several of those gaffs. Notably, in your first response. I have a hard time believing your entire attack was fueled by misconstrued notions, some of which were very straightforward that you later admitted as right. ie Greenspan.

So I don't apologize for the hypersensitive or Jew-card remark. You obviously run around here half-cocked looking for red herrings as an excuse to throw stones. Something you can't or won't admit too.

And since you were the first putz to start name calling, if you want to make it right, you can start by apologizing to me, ratboy and LT07 for the walking condom remark!

Thats a start. :p
 
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