On Mon, 15 Feb 2010 17:11:49 -0700, Canuck57
wrote:
On 15/02/2010 2:35 PM, bpuharic wrote:
On Mon, 15 Feb 2010 13:29:56 -0700,
wrote:
how can the govt run out of cash? you yourself have been crapping your
diaper over mounting govt debt. so what you just said is that the
depression was caused by the govt NOT going into debt.
Government can manufacture as much cash as it wants. True, the
government can create as much as it wants to. Create a billion dollar
bill if you want one.
But if no one wants it, it is as good as toilet paper if it wipes good
enough. I could legally print the CanuckBuck. If people want it, it
has value. If they don't, it is worthless. And the more you create,
the less it is worth.
so you're wrong about the govt running out of money
thanks. i already knew that.
and why not check he
http://www.marktaw.com/culture_and_m...debt_2008.html
to see how govt debt REALLY was. govt debt went to 120% of GDP during
ww2
we're still here, moron
Yep, and you have to show it on a log scale to look half normal. Go
find a non-log chart and weap. USA is already well along to currency
valuation colapse.
sorry sport. it doesnt matter what SCALE you use if the burden is not
as high today as it was under roosevelt
in 1943 debt was 120% of GDP. aint that high today. sorry.
Remember, inflation is the opposit of currency deflation.
Problem wasn't solved until the advent of WW II when people got cash
paid to them for the war effort. Bottom line, people need money to
spend to have an economy based on fiat currency.
uh...govt debt was 120% of GDP when the depression ended.
And most people were dirt poor.
as they are today under the rich folks like yourself who want
unemployment to triple
just like obama has planned.
and people need money? where they gonna get it?
Get off your ass and work for it.
yep like i said, he's rich so he thinks the middle class is lazy.
got that everyone? only the rich work hard. the rest of us are lazy.
[ sillyness snip ]
I could list the countries that have tried it, and none to date have
managed to do it any more than individuals can.
gee. tell it to the USA in 1943, OK?
Back then, governemtn borrowed money, they didn't create it ponzi style.
See "War bonds". 3% rate in low inflation was considered a good return.
and inflation today? about 2.5% and the govt is borrowing money...and
spending it
YOU said above that the govt COULDNT borrow money back in 29. NOW you
admit that was horsehit. they just DIDNT borrow money and unemployment
went to 25%
but that's ok with you rich guys. 'cuz average wages dropped 43%
during the depression
and you're loving it. cuz the middle class keeps getting screwed
Today it is all risk and not worht the gas to get a t-bill.
1935 or so, all over again. As Obama deflects blame, he will pick on
banks, Japanese, Chinese, even Euros... just does not want people at
home looking too closely at the monumentious screw up of US politicial
history.
he's not picking on banks HARD enough THAT'S the problem.
as to the screw up, he hasn't been president for 9 years, regardless
of what you morons say.
The converstations went sort of this way:
Obama: Screw you banks, you are evil!
and the rich complain that the middle class STILL has money, the
*******s! so drive up unemployment MORE!!
so how did coddling the banks work out for the middle class?