Dr.Jackpot

Show Me Economic Expansion, Chairman Bernanke

Steven Hanson,
You look like a man old enough to have some savings. If you had a million dollars but were too old and too sick to earn more would you put it into a CD paying 1% interest? After fixed hard expenses (auto registration and insurance, etc, etc) you might have $5,000 a year to live on. Your previous income of 7 % was confiscated by Greenspan's free money policy and Bernanke's continuing same. This income was taken from you so that the pyramid could continue and you were the only source of hard cash. This was THEFT but legal. This is the power the federal reserve has over you--------and you know who the fed is beholden to. So there's nothing you can do with the million and don't talk stupid about stocks and such. Having said this, only those over 75 will understand my take.

Understanding Inflation

These data figures don't mean 'Jack' to me. I define inflation/deflation as the spread between what you get and what you need to spend to live. Inflation can happen in two ways. Forget the data. If your cost of living stays the same but Greenspan takes your fixed income down from something to nothing, that's huge inflation. Also if your fixed income stays the same but your cost rise------that's inflation. The converse can be 'deflation'. By my definition, inflation is roaring thanks to Greenspan and Bernanke. My life savings don't bring Jack anymore. This theft makes Madoff look like a circus pick-pocket and nobody talks about it.

The Great Depression vs. Today's Economic Crisis

One difference is that people are much fatter and physically lazy today and really don't want to work anyway. This gives them the excuse to stay home on unemployment and play with their computers and stock market.

Why I See Long-Term Deflation

Energy seeks a lower level. It's downhill the moment you are born. You shoot up like a roman candle but you are dieing at the same time you are growing up. God was the only one to figure out how to make energy seek a HIGHER level and in an instant the universe was born. Work on it. I'll buy a hundred shares.

Has Cutting Interest Rates Saved Anyone?

This is what I've been saying but non producers like cranky investor above don't know anything about working and saving. Greenspan's policy of confiscating savings (no interest income allowed) so that young spenders and gamblers with that 'spirit' could boost the economy has been the greatest theft of all time and very few will say it because 90% don't work or produce anything anyway.

Service-Based Economy Is Progress? Show Me the Money

How does this work? I rub your back for $40 and hour and then you comb my hair for $40 an hour. Wow! Then we both go down to Circuit City and buy a new TV made in China. Oops!----I forgot---Circuit City just filed bankruptcy. Can the rest be far away??