Text 9297, 84 rader
Skriven 2009-02-20 22:13:32 av JOHNJWILSON
     Kommentar till en text av RICHARD WEBB
Ärende: YES WE HAVE NO BANANAS
==============================
-> 
MSGID: 1:116/901.0 99d72492
-> 
REPLY: 1:123/140 6f093c26
-> Hi John,
-> 
-> On Thu 2037-Feb-19 05:16, JOHN FITZGERALD (1:123/140) wrote to RICHARD
WEBB:
-> 
-> JF> Still would like to know who are the entities that keep lending us 
-> JF> billions and billions of dollars while we just keep sinking in debt. 
-> JF> And why?
-> DC> It's good for their economy. 
-> 
-> JF>   Don't see how lending money that doesn't get paid 
-> JF>   back is good for anyone's economy.
-> 
-> RW>  SMoke and mirrors.
-> 
-> JF>   Mostly smoke.
-> 
-> <snip>
-> 
-> RW>  SHort term:  YOu sell products, keep your workers producing,
-> RW>  keep paychecks being cut, folks are happy, they have jobs.
-> RW>  YOu artificially prop up the house of cards, for a little
-> RW>  while.
-> 
-> >    Seems the banks are the HOC, all they offer is paper money and
-> > more debt.  The people are the one's who produce/possess tangible
-> > goods.
-> 
-> WOuld agree with that.  But keeping that money in
-> circulation is the big thing.  IF, let's say, you're a bank, you have
money to
-> lend.  YOu lend it to folks that are going to buy from your depositors. 
Your
-> depositors can then even
-> borrow against their receiable.
-> 
-> It's like the old bit of smoke folks used to do when they
-> told scientists they had developed a perpetual motion
-> machine.  ONly trouble is, every now and then you've got to
-> give the perpetual motion machine a push to keep it moving
-> or it stops.  There is no possible way it can generate its
-> own energy to keep it going, let alone generate enough
-> energy to remain in motion and do any work.  But, you give
-> it its little motive push where folks can't see it, and
-> unless they really take it apart they figure you might just
-> have that there perpetual motion machine.
-> 
-> JF>   Hmm...  Perhaps I should change the subject heading of this thread
-> JF> to 'RISING DEBT REMAINS A MYSTERY'.
-> 
-> TIsn't that mysterious to this old curmudgeon.  THe money
-> lenders want that money in circulation, and they want to
-> play with their game pieces.  This whole darned thing has
-> been on life support long enough now that it's forgotten how to breathe
on its
-> own.  I was reading recently that with all the manufacturing jobs that
have
-> disappeared replaced by
-> service jobs, many in the financial sector, that the
-> economic security of the average American is quite fragile.
-> Paper debt owed by paper companies that own other paper
-> companies that eventually might get down to where somebody
-> actually produces something tangible, i.e. a tool; car;
-> motor, wheel bearings, etc.
-> 
-> The fallout is going to be devastating for millions, but in
-> the long run maybe this is a good thing, but the shakeout is sure gonna
be a
-> bummer.
-> 


yes. With all the happening, Presidents campaign in poetry govern in prose,
influence less than we think. We are about to be abruptly awakened. :-| 
The cosmically interesting (to the well-retired) thing is that is NO
consensus exist among economists concerning any part of this economy and no
consensus for any solution. All sides operate FAR above my pay grade...so,
as a saying of my grandfather's days, no longer proper: "If rape is
inevitable you might as well relax and enjoy it."
Regards..
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