snakyjake

Monetizing the Debt: Explanation For Non-Economists, Bankers and Other Laymen

Thanks for the article. Very simple to follow and easy to understand. What I don't like today in my personal finances is that I'm financing inflated prices via credit. I as a consumer am now saying "No" to financed inflated prices. Going back to cash is good financial discipline.

Monetizing the Debt: Explanation For Non-Economists, Bankers and Other Laymen

Most people are super ignorant, not just Americans. I don't see the Chinese, Japanese, Europe, and individual foreign investors being any less ignorant by continuing to loan and finance US debt and consumerism.


On May 11 03:04 PM EUARTE wrote:

> The trouble is most Americans are super ignorant in both finance
> and economics. They prove it by the slime they vote for in Congress.
> They have not caught on to Obama yet. I suspect Obama has not caught
> on to Obama yet.

Chicken and Egg: A Currency Called the Oil/Dollar?

Don't have to go to Russia or China....the U.S. people want something called "windfall profit tax". Which is just another way of taking excessive profits away from corporations. Same with increases in capital gain taxes, and other taxes.

Chicken and Egg: A Currency Called the Oil/Dollar?

If you wanted to lower prices, it isn't just about supply vs. demand. You can easily lower prices by eliminating profit. Sure, profits are good so it encourages future investment....but what if they won't or can't invest in the future?