Insanity Destroying The Economy ~ Keynsianism, Bob Chapman

peaceandlove · 02-07-2009, 12:36 PM

Acts Of Insanity Are What Destroyed The Economy

Posted: February 4 2009
by: Bob Chapman

Just more Keynsianism in the works, health of banks getting worse despite injections, Why not just let them fail and prosecute their officers for fraud? no end to the bailouts, insane acts of economics, Davos a bust, the world will eventually move away from the dollar.

As hard as the new president and elitist team tries the stimulus package will fail. Just more Keynesianism, similar to what was attempted unsuccessfully in the 1930s.

After 1-1/2 years of massive financial injection the health of banks is getting worse. We see them needing $2 trillion and others see the figure at $4 trillion - money we do not have, that will have to be created and monetized. That doesn’t count the interest taxpayers will have to pay, some $1.5 trillion on $4 trillion.....

Article Continues Here: http://www.theinternationalforecaste...ed_The_Economy

pyrangello · 02-07-2009, 02:58 PM

P & E for the first time in my life I feel very saddened as this stimulas bill is just another band aid of whats coming down the pike fast and furious. We need to hit bottom before we can turn around and this will make it an even rougher bottom when we hit. Take care of yourself and people will follow the light, thats all we can do now.

02-07-2009, 12:36 PM	#1
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	Insanity Destroying The Economy ~ Keynsianism, Bob Chapman Acts Of Insanity Are What Destroyed The Economy Posted: February 4 2009 by: Bob Chapman Just more Keynsianism in the works, health of banks getting worse despite injections, Why not just let them fail and prosecute their officers for fraud? no end to the bailouts, insane acts of economics, Davos a bust, the world will eventually move away from the dollar. As hard as the new president and elitist team tries the stimulus package will fail. Just more Keynesianism, similar to what was attempted unsuccessfully in the 1930s. After 1-1/2 years of massive financial injection the health of banks is getting worse. We see them needing $2 trillion and others see the figure at $4 trillion - money we do not have, that will have to be created and monetized. That doesn’t count the interest taxpayers will have to pay, some $1.5 trillion on $4 trillion..... Article Continues Here: http://www.theinternationalforecaste...ed_The_Economy Last edited by peaceandlove; 02-07-2009 at 10:58 PM.

02-07-2009, 02:58 PM	#2
pyrangello Avalon Senior Member Join Date: Sep 2008 Location: Northern Michigan Posts: 412	Re: Insanity Destroying The Economy ~ Keynsianism, Bob Chapman P & E for the first time in my life I feel very saddened as this stimulas bill is just another band aid of whats coming down the pike fast and furious. We need to hit bottom before we can turn around and this will make it an even rougher bottom when we hit. Take care of yourself and people will follow the light, thats all we can do now.