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  • The Great Consumer Crash of 2009 [View article]
    With all the fuss over usury and the fraudulent economic system, I find it interesting that nobody is calling the investor society to task. The idea of "investing" your way to riches is just as dangerous and fundamentally unsound as fractional reserve lending. All that investing does is flip the debtor/creditor equation; usury is still a drain on capital, regardless of what direction it flows in.
    The argument goes something like "screw the other guy more or earlier than he screws you", but bottom line, living on interest (usury) instead of production isn't a solid foundation for an economy.
    Aug 15 21:08 pm |Rating: 0 0 |Link to Comment
  • The Debt Bubble: What's Bernanke To Do? [View article]
    "Cutting government spending slows the economy just like cutting consumer spending does"

    Now that's just silly. Cutting wasteful government spending could well allow tax cuts without any ill effects. Billions of dollars are wasted in ill-advised government pet projects or in simple incompetence. Getting that tax money back in the hands of consumers would definitely not slow the economy.
    Jan 30 14:19 pm |Rating: 0 0 |Link to Comment
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