← Autodidact Archive · Original Dissent · Leveller
Thread ID: 8135 | Posts: 2 | Started: 2003-07-15
2003-07-15 19:43 | User Profile
[url=http://www.dailyinsights.com/public/data/pre/PRE-20030709.GIF]household and corporate debt[/url] [url=http://wwwi.reuters.com/images/deficit_estimate_july03_graphic.gif]budget deficit (a new record!)[/url]
"The study of economics has reached a point where no further confusion is possible" - Fred Schwed url=http://www.amazon.com/exec/obidos/tg/detail/-/0471119784/ref=pd_sxp_f/102-8894325-0008157?v=glance&s=books[/url]
Notice how the election of a 'conservative' coincides with a government debt binge! :o
I'm no economist, but with central bank rates so low and being frequently lowered to encourage spending, and with debts so high (and fractional reserve banking?), what happens when rates can't go any lower? Is that the sound of another bubble bursting?
2003-07-15 20:58 | User Profile
Notice on those charts, that in 1960 debt was very low for businesses and especially low for personal households. It's no coincidence that the debt explosion coincided with other forms of destructive subterfuge and miserable sleight of hand tactics brought to you by the same folks who brought us such wonderful programs like the 1965 Immigration Act, Feminism, Abortion, Forced Intergration, Civil Rights, Inflation, Homosexuality, Cultural Degeneration, etc. There's only one group who benefits from all these nice things: _ _ _ _.