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Canuck57[_9_]

On 05/09/2011 6:24 PM, wrote:
On Sun, 04 Sep 2011 23:26:51 -0400, wrote:

On Sun, 4 Sep 2011 19:01:44 -0700 (PDT),
wrote:

"Labor is prior to, and independent of, capital. Capital is only the
fruit of labor, and could never have existed if labor had not first
existed. Labor is the superior of capital, and deserves much the
higher consideration." (Abraham Lincoln)

Have a happy labor day weekend!

I hope that is not true because the US has embarked on a path of
making money without expending any labor for the last 30 years.
A significant part of the GDP is just "money making money" not people
making things. A lot more is "robots making things"
That is why we are in so much trouble.

I agree. There is plenty of capital in the US economy. Unfortunately,
the vast majority of that wealth is held in the hands of a very few,
who are hoarding it.

True. But why invest it? Good chance you will loose it. Union or tax
greed, unstable market, diminishing value of wages who is going to buy
your product? Margins so thin, fleabaggers whining, better off to buy
gold or just part the money.

The stupid way to fix this is print more money. Well, that isn't right
either, that isn't going to fix anything.

Actually it feeds the problem. As inflation devalues peoples incomes
from any source, they then acquire fewer goods. Fewer goods shipped,
means fewer jobs. Yet GDP looks good as costs sneak up. GDP is dollar
of made products, not quantity or a fixed value. The GDP is constantly
being devalued with Bernanke fraud money print.

The hard, but intelligent way to fix the economy is to return that
money back to the hands of the people that would spend it and thereby
fuel the economy.

Yep, money spent by producers really fuels the economy. Doesn't get
siphoned off for government bureaucracy or corruption either.

Find politicians with enough balls to do that and you'll fix the
economy. Otherwise, we'll continue talking foolishness about growing
something that, for lack of nourishment, can't grow.

Back to the basics, force borrowers to borrow real money, stop the
inflationary money print, raise interest rates slowly to raise the
earnings bars and investors will seek the opportunities and employ people.

One could view zero rate interest as admitting the USD isn't worth holding.
--
If it is all Bush's fault, then how come Obama is doing much more of the
same and expecting different results?

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