thedozer

Can the Fed Really Just Print Money?

"modern money" is credit (a promise to pay)....

1. when did this happen?
2. when will it be redefined?
3. what will be the 'new' definition?
4. who defines it?
5. what happens when the 'said' definer dies?
6. what is his definition?

really... credit is now money... credit crisis... there is NO money
if there were credit... it is in DEFAULT... leveraged 20:1 packaged and sold to the tune of 55 trillion

so... do I ask my clients to pay me with IOU's?
that actually may be worth more than our $'s at the end of this...

you may be on to something

Where We Go from Here: Best and Worst Cases

USC... I went to Auburn... it's "there"
good point though!

Where We Go from Here: Best and Worst Cases

Rob50,

I agree Bush certainly pushed for and bragged about 'record homeownership'! And I also rip the GOP for not standing up and screaming about this over the past 10 years!

While I do have political leanings, NEITHER of these parties represent my ideals!

as for rights, healthcare not being a right more that Social Security and DL, I agree... NONE of them are rights...

"healthcare a extension of that ideal..." Ideals and rights are not the same! you said it correctly. They are idealistic... and I want people to have retirement $ and healthcare... but its not your duty to pay for mine!

If we have the right to bear arms, then why not give us rifles?

Life, Liberty and pursuit of happiness... notice NONE of them require money!

Because the government doesn't make/sell/produce anything. It has no money. You and I make the money! And the government should use our TAX dollars to PROTECT those rights...

not to create programs that burden one set of people while benefiting others.


entitlements are going to be the ruin of our country, we should work and earn things we want... And I hope you and everyone realizes their dreams here...

just go get it

Where We Go from Here: Best and Worst Cases

lastly...

housing for all is ultimately a democratic ideology! similar to the idea of healthcare being a right

Where We Go from Here: Best and Worst Cases

post.. I did read your post..

and it again centers the arguments around 2000-present..
yeah, you gave dems a 1 sentence mention at the end...

you should re-read your post.. Bush mentioned in sentence 1 all throughout...
where is clinton and the CRA section?

mentioning a name in the article doesn't make your perverted view complete in its analysis nor does it change the primary argument you stated as to how we got here

Where We Go from Here: Best and Worst Cases

postmodernprimate

Where do you get your information? Countdown with Olberman!

I won't waste my time to reason with you as you probably already think you are 'educated' to the situation...

CLINTON... CRA... 1998 ordered fannie and freddie to add 50% of its portfolio in subprime and alt a mortgages.

no mention of b. frank or c dodd?
you are a joke

Where We Go from Here: Best and Worst Cases

a believer,

I find it amazing that you place the blame on wall street without recognizing the government removed risk from the market with GSE's.

In capitalism, greed is measured against risk. If greed doesn't account for risk properly... failure. Poor people shouldn't covet! and buy something they cant afford... I'm tired of people making them the victim. I started poor with absolutely nothing!

Where We Go from Here: Best and Worst Cases

User 245116
-environmental damage

as a forestry graduate I have studied 'global warming' as most put it and I call it by it's real name of CLIMATE CHANGE.... now, we agree on climate change, but the source is where we differ... you cannot anymore say it is manmade more than I can say its not... do we contribute? YES.. is it measurable? not in quantitatively.

I say we not waste our breath here on this point.

but to your larger point about ENTITLEMENTS:
The government hasn't addressed it because of our financial crisis:

It's like swatting at 100 wasps flying around your face while a bear is eating your leg.

Democrats won't address it as they have no sensible answer that would pass the smell test. And dems can't possible abolish their only issue of 'entitling' the people to handouts.

Obama said that healthcare was a right??? What constitution is he reading?????

Life, Liberty and pursuit of happiness.... NONE of which cost money!

Because the Gov. doesn't make anything! It can't guarantee anything with a monetary tag.... ie... see our current entitlement crisis.

It can ONLY protect our rights

Where We Go from Here: Best and Worst Cases

Vladimir,

look around. The world still doesn't understand that the same cheap money that got us here isn't going to get us out.

Actually, it may get 'us' out... do you have CHILDREN?

8 year old's don't much care now do they!

Where We Go from Here: Best and Worst Cases

GROUNDHOG,

your thought of the Gov. sorting out the bad actors would insinuate that Government is going to hold hearings on ITSELF!

Not likely, congress and B. Frank won't own up to ANY culpability in the matter....

I don't care what your political beliefs are, this is BLACK and WHITE.
I'll give some to the GOP too... as they drank the kool aid too.

you have to recognize this all started with folks not paying mortgages living in homes per democratic ideology.

Answer: take your standard of living and multiply it by .5

then actually purchase things with cash/capital... NO it's not sexy, but it's stable and real

Where We Go from Here: Best and Worst Cases

Redst8r,

there will be solvency for those who grew with capital as opposed to debt. and YES, the liquidity will rear its head as soon as WORTH meets VALUE.

Washington seems to forget that it CAN buy anything and determine the underlying 'VALUE' but just as the asset/security holder is realizing... the BUYER DETERMINES WORTH.

Solvency will appear as some of these giant American companies (good/bad per your view) won't be here to see it through. The Gov. can't bail them all out....

can I envision a world without Ford or GM? I don't care... there will be others later. Is it sad? yes. Would I like to see them succeed? yes.

am I will to stipend their 'hard times'? NO

If we are to be free, we must have capitalism and a free market.

And to have a free market we must have BOTH success and failure...
for without one, you can't appreciate the other...

The U.S. Banking System is Effectively Insolvent

watch this video!

www.youtube.com/watch?...

socialism over my DEAD body