Krugman vs. the Poor

Quote from jem:

I care about the poor.
In the long run this system the one that created the most fluid economic classes in history embarked on a suicide mission.

Free lunch paid for by your kids and grand kids. It can't work forever.... and the axe will fall on the whole economy.

A system which brought up the standard of living of everyone.
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Its the reason Soros and others are so heavily invested in Gold and Silver. They don't have confidence in the Dollar as a stable currency given the printing and borrowing that is occuring.

Over the last few months I've been giving alot of thought to selling my physical silver. Even with the spread I would make a significant profit. Also I'm emigrating and can't take it with me.

But I'm starting to think that precious metals are only going to go higher and that I should hang onto my silver and even add to my position. I don't see economic policies being promoted that are going to reverse the trend. Our government refuses to regulate the economy and the fed has basically said that interest rates will remain artificially low for years to come. I may just pony up for one of those large safety deposit containers found in some banks in Century City and the west-side. They aren't cheap but at some point the numbers make sense. Gold is easier to store but I just like silver for some reason.
 
Quote from Max E. Pad:



Krugman doesnt give a shit about the poor, he only cares about increasing the size of government, and creating the illusion that the economy is growing, so that Obama can get re-elected, and the poor people can fuck themselves as far as he is concerned.
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You know. If one were to think about this statement, and one were rational, one would be inclined to think this statement is pretty absurd. And one would be right.
 
Quote from futurecurrents:

You know. If one were to think about this statement, and one were rational, one would be inclined to think this statement is pretty absurd. And one would be right.
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You are right for once: krugman IS absurd.
 
It's what Thunderpussy-->Gayfly-->brASS does best!
Quote from Max E. Pad:

Once again the horses brASS seems to have completely missed the point, which isnt very surprising.
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Keynesian's only have one tool in their box: inflation. The F.I.R.E. sector (financial, insurance and real estate) comprises 25%+ of GDP and needs inflationary monetary policies to remain solvent. A deflationary environment would tank hard asset prices (equities and real estate), and trigger a blackswan event for many insurers who underwrite financial assets, derivatives, and the performance of mortgage-back securities... So the private banks who own the Federal Reserve System and appoint 5 of the 7 voting members to the FOMC, have a vested interest in keeping our system propped up with cheap credit. Enter stooges like Krugman and Robert Riech - products of liberal indoctrination factories - who shill for Keynesian policies. More inflation, not less! The frightening thing about all this is despite employment effectively treading water, we're in a highly inflationary environment evidenced by the deficit and all the QE. In essence, the 1.5 trillion dollar per year deficit and ~600 billion per year QE has kept the economy at breakeven. That means if all this inflationary stimulus were removed, the economy is deficient by at least 15% GDP (3 *times* the '08-'09 peak-to-trough). Then we'd get the collapse in FIRE and consumer spending from a tanked stock and real estate market (ie, the "wealth effect", in reverse)... We're really up shit creek and haven't left. All this is why Bernacke will print no matter who says what, even if the dollars value breaks and we get capital flight out of treasuries. And that's closer than most people think. Look at Greece, Italy and Portugal. Hang on to that silver and gold....
 
Quote from denner:

Hey troll,

Why don't you actually make a contribution to a thread instead of your usual verbal "circle jerk".
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Ask the OP first. In fact, don't change a single word when you do.
 
Keynes had another tool. He said lower taxes and let the economy grow into creating higher revenues in times of crisis. he was the first supply sider.

Krugman is not only idiot, he is a propagandist.
 
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