tag:blogger.com,1999:blog-27697009.post8113472464368051068..comments2024-02-29T03:21:35.007-08:00Comments on The Great Depression of 2006 : The Funnel Effect (Reprint Feb 2007)Jim in San Marcoshttp://www.blogger.com/profile/09435296419912935381noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-27697009.post-42149231888114444242009-07-10T21:36:56.217-07:002009-07-10T21:36:56.217-07:00Hi Snoop
I think that indirectly, you're poin...Hi Snoop<br /><br />I think that indirectly, you're pointing out the fact that Democracy has changed over the last 200 years, and it hasn't been for the better.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-9810528106739751522009-07-10T20:54:50.343-07:002009-07-10T20:54:50.343-07:00You know what, jim?
I never thought I'd live ...You know what, jim?<br /><br />I never thought I'd live to say this, but it looks like a 'king' isn't such a bad idea after all...<br /><br />Snoop-Diggity-DANG-DawgAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-90732431357331325572009-07-09T07:19:58.193-07:002009-07-09T07:19:58.193-07:00Hold on tight!
Sweet Jesus, this country make me ...<em>Hold on tight!</em><br /><br />Sweet Jesus, this country make me want to pull a "Steve McQueen" & roll out the passenger door.<br /><br />A bad case of road rash is infinitely preferable to riding off a cliff.<br /><br />Snoop-Diggity-DANG-DawgAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-61905567975184106362009-07-08T19:43:56.570-07:002009-07-08T19:43:56.570-07:00Hi Snoop-Diggity-DANG-Dawg
I know what you mean. ...Hi Snoop-Diggity-DANG-Dawg<br /><br />I know what you mean. I think that some of us including you and me,are probably quite responsible and disciplined. We are stuck as back seat drivers. The only consolation is that the people in the front seat go through the windshield first. Hold on tight!Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-38929155229611169432009-07-07T08:35:12.851-07:002009-07-07T08:35:12.851-07:00In a declining market, this optimistic view of the...<em>In a declining market, this optimistic view of the future can lead to severe cutbacks in government spending.</em><br /><br />Because we clearly aren't responsible or disciplined enough to cut spending on our own, we have to rely on pure market forces to do it for us.<br /><br />Painful? You bet'cha.<br />Necessary? Absolutely.<br /><br />Snoop-Diggity-DANG-DawgAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-31549455388285896472009-07-06T22:31:43.699-07:002009-07-06T22:31:43.699-07:00Hi Anon 9:47
The government debt is fix rate inte...Hi Anon 9:47<br /><br />The government debt is fix rate interest. The problem is, it isn't going to be paid off any time soon, so it has to be refinanced. It is the refinancing with higher interest rates that will bankrupt the government.<br /><br />Rates will rise and as they do, the ability of government to pay the interest only (which is all they have done in the past) will fail to be an option.<br /><br />From there, it looks messy.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-22648617404977720702009-07-06T21:47:05.302-07:002009-07-06T21:47:05.302-07:00Jim,
on the previous post comments section you sai...Jim,<br />on the previous post comments section you said that if interest rates go to 16%, the national debt cannot be serviced.<br /><br />is out debt floating interest rate??? i thought our government debt was long-term with fixed interest rate.<br /><br />if what you say is the case, which i'm sure it is, than that put a huge bind on the fed, to go in only one direction, print and buy back.<br /><br />unless of course, the u.s. causes world instability and everyone rushes to u.s. treasuries for safety. a classical u.s. move to cause artificial demand for dollarss, that is make every other currency/country look worse.<br /><br />thanksAnonymousnoreply@blogger.com