With several countries on the borderline of leaving the EU....and the British Pound..being ¨pounded¨....
Which currency is the fairest of them all ?
..................................................................................
Deficits ? Oh that thing.....Why should it get in the way of a good ¨spending time¨....after all , the people with the gavel....are in the right place at the right time to earmark several $trillion for the ëconomically suffering¨....
Since Geitner is stating that China is purposefully keeping their currency purposefully low, then running to the Chinese currency seems like ¨sure thinking¨eh ? Even though the social unrest that will unfold in 2009 will not be so tame....
.........................................................................
Like a ¨fool in a bar¨waking up wondering where his money went....perhaps the fools assuming there will be $trillions to borrow ¨from somebody else¨is sure thinking ?
Of course one knows what happens when one ass-u-me.s ?
.........................................................................
And even if there was lots of money available....who wants it ?
......................................................................
Banks cannot force people to borrow funds against assets that are sure to decline....
.......................................................................
So what is the new ¨Normal¨ ?
$10,000 cars ?
$100,000 houses ?
$5000 educations ?
.......................................................................
If $60 trillion is removed from a $120 trillion economy....
Then prices asked have to fall 50% ?
.......................................................................
Why would a government pursue a ¨sure to lose¨proposition ?
Why would a government spend several $trillion when they do not have a plan for the outcome....
Even if the money was printed or borrowed ?
..........................................................................
One can have $10,000 cash
One can have $100,000 cash
If the money is not transfered...how can there be any inflation ?
............................................................................
If government gives $trillions to banks....how does this help consumers who do not borrow ?
............................................................................
The major point is this.....
The consumer is not going to do anything without a positive attitude....
This means job security, savings in the bank, positive media, visible everyday progress, currency stability.....the list gets longer....
Thus the major point is that the government needs to change the tax code....
A 10% consumption tax only would certainly reward the prospective consumers first....who will then decide how much of this they will want to put in their savings.....
This would be far more productive...than hoping they will pay for money that the bank and not themselves have....to uphold the prices of times past....
The FED is mistaken to think that recovery will happen sooner than the clumsy, costly, and uncertain delivery of funds to banks first....
Money needs to go to individuals first....then to banks....
.........................................................................
Then Ms US can look in the mirror....and know for certain that she is the ¨Fairest of Them All¨....
Which currency is the fairest of them all ?
..................................................................................
Deficits ? Oh that thing.....Why should it get in the way of a good ¨spending time¨....after all , the people with the gavel....are in the right place at the right time to earmark several $trillion for the ëconomically suffering¨....
Since Geitner is stating that China is purposefully keeping their currency purposefully low, then running to the Chinese currency seems like ¨sure thinking¨eh ? Even though the social unrest that will unfold in 2009 will not be so tame....
.........................................................................
Like a ¨fool in a bar¨waking up wondering where his money went....perhaps the fools assuming there will be $trillions to borrow ¨from somebody else¨is sure thinking ?
Of course one knows what happens when one ass-u-me.s ?
.........................................................................
And even if there was lots of money available....who wants it ?
......................................................................
Banks cannot force people to borrow funds against assets that are sure to decline....
.......................................................................
So what is the new ¨Normal¨ ?
$10,000 cars ?
$100,000 houses ?
$5000 educations ?
.......................................................................
If $60 trillion is removed from a $120 trillion economy....
Then prices asked have to fall 50% ?
.......................................................................
Why would a government pursue a ¨sure to lose¨proposition ?
Why would a government spend several $trillion when they do not have a plan for the outcome....
Even if the money was printed or borrowed ?
..........................................................................
One can have $10,000 cash
One can have $100,000 cash
If the money is not transfered...how can there be any inflation ?
............................................................................
If government gives $trillions to banks....how does this help consumers who do not borrow ?
............................................................................
The major point is this.....
The consumer is not going to do anything without a positive attitude....
This means job security, savings in the bank, positive media, visible everyday progress, currency stability.....the list gets longer....
Thus the major point is that the government needs to change the tax code....
A 10% consumption tax only would certainly reward the prospective consumers first....who will then decide how much of this they will want to put in their savings.....
This would be far more productive...than hoping they will pay for money that the bank and not themselves have....to uphold the prices of times past....
The FED is mistaken to think that recovery will happen sooner than the clumsy, costly, and uncertain delivery of funds to banks first....
Money needs to go to individuals first....then to banks....
.........................................................................
Then Ms US can look in the mirror....and know for certain that she is the ¨Fairest of Them All¨....