tag:blogger.com,1999:blog-3758330678390419129.post3575782292658098199..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Economist: 46 out of 50 US States are InsolventRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-3758330678390419129.post-27568289025571307912011-09-15T09:33:38.618-04:002011-09-15T09:33:38.618-04:00A great fraud is that the states are hardly insolv...A great fraud is that the states are hardly insolvent.... simply pull up their CAFR funds/investments and you will see billions. However, all state 'governments' are corporate entities ... as are nearly all at the county and municipal level as well. But, given the United States Federal Corporation's bankruptcy to the international banking cabals in 1933, and the subsequent Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-40429955867411631032011-09-14T15:22:20.983-04:002011-09-14T15:22:20.983-04:00The probablity of significant inflation is really ...The probablity of significant inflation is really overstated here. The popping of the real estate bubble will depress prices enough to prevent much inflation. The scenario above will only play out after the real estate market has normalized.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-87766328724784971322011-09-14T00:15:03.574-04:002011-09-14T00:15:03.574-04:00Sounds like the Meredith Whitney analysis but with...Sounds like the Meredith Whitney analysis but with more perspective on the effect on government bonds/interest rates.Sean O'Donnellnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-60874231713406055512011-09-13T19:39:59.882-04:002011-09-13T19:39:59.882-04:00Nonsense, all we need to do is follow Keynes:
We ...Nonsense, all we need to do is follow Keynes:<br /><br />We must borrow more money,<br />To pull forward demand,<br />So that jobs are created,<br />And prosperity ensues,<br />Deflating our debts.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-35917524028975728962011-09-13T15:36:44.236-04:002011-09-13T15:36:44.236-04:00Fiat currency is not an economy. AmeriKwa produces...Fiat currency is not an economy. AmeriKwa produces almost no finished goods and without finished goods, AmeriKwa is finished.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-50317583014589394592011-09-13T12:04:59.741-04:002011-09-13T12:04:59.741-04:00It is a 100% mathematecal certainty that the $US i...It is a 100% mathematecal certainty that the $US is going to collapse.<br /><br />There never has been an eleventh marble. We have borrowed more every year just to pay the juice on the total debt.<br /><br />We are now in 'hockey-stick' or the exponential accruing debt phase.<br /><br />It will soon implode.Anonymoushttps://www.blogger.com/profile/08728892231005668095noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-74923209972343301942011-09-12T19:03:49.714-04:002011-09-12T19:03:49.714-04:00'Once inflation makes a comeback, a point will...'Once inflation makes a comeback, a point will eventually come where the Fed policy has to go into sharp reverse – just like the late 1970s, interest rates will be hiked upwards to slow down monetary growth....'<br /><br />Right! The banker crooks will not stop. The stealing continues unabated. We pay our reps for this crap, some oversight by our elected cronies.<br /><br />I recommend toScarlettnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-18478873240716040562011-09-12T16:31:50.637-04:002011-09-12T16:31:50.637-04:00Beautifuly put.Beautifuly put.Anonymousnoreply@blogger.com