On 10/11/09 12:42 PM, Canuck57 wrote:
H the K wrote:
On 10/11/09 10:45 AM, Canuck57 wrote:
CalifBill wrote:
"frederick" wrote in message
el...
"Canuck57" wrote in message
...
frederick wrote:
The debt/savings markets are now hopeless destroyed by government
and banks and wihout it there are no checks and balances. We are
in an economy that could pop any time, tomorrow or 5 years from
now. When it does, the Great Depression will look like a holdiday
as world trade ****s down on currency devaluations.

This isn't without precident, pre WW II Germany, recent Iceland,
Argentina, Brazil, Mexico and others have tried decades ago to
print their way out of debt and it didn't work. Only NA government
arrogance propels that it will for work for Canada and the USA.

Right on. It is also why the governemtn is doing it. While misguided,
they hope to have high inflation with low interest rates. It really
can't work that way witout some serious side effects in unemployment and
wealth loss, but it will not stop the fools from trying.


Fortunately, neither you nor Bilious Bill are in charge of anything
and never will be.

I am in charge of my own life.

In your mind you are.


--
Birther-Deather-Tenther-Teabagger:
Idiots All