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Is another Asset Bubble getting ready to POP?
Bernanke says there is no "Concern" about an "Asset Bubble" - which raises this question.
Bernanke Said to Minimize Asset-Bubble Concern at Meeting
http://www.bloomberg.com/news/2013-02-22/bernanke-...
After the 'successes' of government intervention in the US economy - it should make intelligent people wonder.
Now more International Bonds are being downgraded.
Moody's cuts U.K. AAA rating by one notch
CLUELESS Marvin - The Infrastructure is TAXED for in Fuel Taxes and most infrastructure is a States responsibility = NOT the CORRUPT FEDERAL Government's responsibility.
These CORRUPT politicians WANT massive government to collect their blackmail (Donations for Favors).
This is why the Progressives collect big $$$ donations and become millionaires while in office - insider trading, fat foreign bank accounts, Elitism reigns = they truly believe they are above the Law.
Regurgitating the propaganda from these corrupt politicians makes you look like a FOOL!
2 Answers
- who WAS #1?Lv 78 years agoFavourite answer
How does one comment on the biggest scam in human history, which is the Federal Reserve system itself?
Here is their real plan:
- 8 years ago
Our problem is neither debt nor deficit but, more exactly, high debt interest expense plus chronic unemployment, crumbling infrastructure, potential inflation, and near-zero interest rates.
The cure:
1. To shrink the debt interest expense, stop auctioning bonds to finance budget deficits. This scam has redistributed trillions of dollars from middle class taxpayers to rich bond-holders.
2. Instead, do as Lincoln and FDR and leaders of every other great nation did in their wartime crises: print the money! Two of our greatest inventors and most conservative business men, Henry Ford and Thomas Edison, believed that government should create debt-free money for public projects. http://prosperityuk.com/2000/09/thomas-edison-on-g...
3. To end unemployment, spend the printed money heavily on much-needed infrastructure. (World War II unemployment rate was under 1 %.)
4. When unemployed labor becomes scarce, delay the infrastructure projects and raise interest rates to prevent harmful inflation and maintain permanent prosperity.
No more problems! Wasn’t that easy?
Google: Economics Faculty, UMKC; NewEconomicPerspectives.org
