Demon Buddha wrote in
:

Dinosaur_Sr wrote:

This sort of thing has happened before, and will happen again. the US
is not the Soviet Union.

Getting more like it by the minute these days. Do not make the
fatal
error if believing that it cannot happen here. It can, and by slices,
it is.

This will not cause the collapse of US
society. We have had the recession and deflation...still going through
the deflationary phase.

This is no recession - it is depression. Mild at the moment, but
there
are events on the horizon that are almost certain to come before long
that will turn the wick up a notch or two on our currently unwelcome
conditions. Just one example would be the coming wave of mortgage
foreclosures. That should be spread over the coming year or two. Based
on my reading, it stands to be a damned sight worse than the first wave.

And what about the likelihood of hyperinflation? While it would be
nice to be able to pay off the mortgage after only 20 minutes after
taking that job at McDonalds, the other side effects may not be so
pleasant.

In a few months we will get some real growth
and consequent inflation.

Um... not likely. Runaway inflation is not a result of economic
growth, but of out of control printing of paper money, which our
esteemed ex-president and congress were quite happy to kick off and
which our current Nobel laureate has taken to heights GW's puny mind
could unlikely wrap itself around.

When the value of the currency matches GDP
and other indices of real worth, we will get another period of
prolonged growth. While the ole boom/bust cycle is not well liked by
some progressives, it sure beats the permanent mandated bust phase
that result from progressivist policies.

The operative work here is "when". As it is currently proceeding,
Obama and congress may be defining "when" in terms of geological time
scales.


Don't forget the people like me who would rather see the house burn down than
go socialist.

On Mon, 12 Oct 2009 13:20:13 -0500,
(Gray Ghost) wrote:

Don't forget the people like me who would rather see the house burn down than
go socialist.

I won't. I don't understand why someone would rather see the house
burn down than go socialist.

But for now, I am assuming that like most people, you are very
selective about what socialism you are willing to die for. Social
Security is an obvious example of socialism - but as far as that goes,
*all* insurance is socialism. Public schools is socialism. Publicly
paid for military is socialism. Public roads is socialism. It's hard
to see how anybody will benefit by burning them all down.

--
"In no part of the constitution is more wisdom to be found,
than in the clause which confides the question of war or peace
to the legislature, and not to the executive department."

- James Madison

Gray Ghost wrote:

Don't forget the people like me who would rather see the house burn down than
go socialist.

We already are socialist and have been since 1933, thanks to that
commie rag FDR. We have been a crypto-socialist affair for abut 76
years. I don't see that changing any time soon. All those people on
welfare for the 5th generation running would not know what to do with
themselves. But let us hope I am wrong and they become faced with the
choice of finding a job or starving to death.

Yes, we have been socialist, but have now added the factor of more or
less bald-faced fascism to the mix. I do not consider the USA to be a
constitutional republic any longer in terms of how we actually do our
business. We are a fascist capitalist police state. Things are likely
to get worse before they get better. A lot worse.

On Mon, 12 Oct 2009 13:23:33 -0400, Demon Buddha
wrote:

Um... not likely. Runaway inflation is not a result of economic
growth, but of out of control printing of paper money, which our
esteemed ex-president and congress were quite happy to kick off and
which our current Nobel laureate has taken to heights GW's puny mind
could unlikely wrap itself around.

I don't see that there is a significant difference between the two
presidents here. They both work for Big Business, with the huge tax
of a huge deficit we will pay.

--
"In no part of the constitution is more wisdom to be found,
than in the clause which confides the question of war or peace
to the legislature, and not to the executive department."

- James Madison

rOn Mon, 12 Oct 2009 14:03:59 -0600, Howard Brazee
wrote:

I don't see that there is a significant difference between the two
presidents here. They both work for Big Business, with the huge tax
of a huge deficit we will pay.

I totally agree with you, but it seems to me that the Democrats craft
policies that benefit the middle and lower classes and Republican
policies benefit the wealthy. Because Republican policies benefit
the minority--the wealthy, they need hate speech, racism, and wedge
issues to distract and divide so that they can win elections. JMO

Howard Brazee wrote:
On Mon, 12 Oct 2009 13:23:33 -0400, Demon Buddha
wrote:

Um... not likely. Runaway inflation is not a result of economic
growth, but of out of control printing of paper money, which our
esteemed ex-president and congress were quite happy to kick off and
which our current Nobel laureate has taken to heights GW's puny mind
could unlikely wrap itself around.

I don't see that there is a significant difference between the two
presidents here. They both work for Big Business, with the huge tax
of a huge deficit we will pay.

I terms of principle, I fully agree. In terms of degree, I must part
company with you a bit. Though my logical mind knew things could be
worse than Bush, my heart didn't really want to believe it. Obama
shattered that by putting GW to shame in terms of incompetence, avarice,
hubris, out of control spending, and doing nothing of value. I can
hardly believe that it would have been possible to outstrip Bush by such
a margin, and yet here we are. Amazing.

On Oct 12, 12:23*pm, Demon Buddha wrote:
Dinosaur_Sr wrote:
This sort of thing has happened before, and will happen again. the US
is not the Soviet Union.

* * * * Getting more like it by the minute these days. *Do not make the fatal
error if believing that it cannot happen here. *It can, and by slices,
it is.

* This will not cause the collapse of US

society. We have had the recession and deflation...still going through
the deflationary phase.

* * * * This is no recession - it is depression. *Mild at the moment, but there
are events on the horizon that are almost certain to come before long
that will turn the wick up a notch or two on our currently unwelcome
conditions. *Just one example would be the coming wave of mortgage
foreclosures. *That should be spread over the coming year or two. *Based
on my reading, it stands to be a damned sight worse than the first wave.

* * * * And what about the likelihood of hyperinflation? *While it would be
nice to be able to pay off the mortgage after only 20 minutes after
taking that job at McDonalds, the other side effects may not be so pleasant.