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2009-03-02 Home Front Economy

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Posted by tipper 2009-03-02 00:19|| || Front Page|| [3 views ] Top

#1 The delusion that a crisis of excess debt can be solved by creating more debt is at the heart of the Great Repression.

Yep. And replacing private debt with public debt.

Posted by phil_b 2009-03-02 01:03|| 2009-03-02 01:03|| Front Page Top

#2 Meagerly they wait for inflation.

The spoils of temporary and false econimics so prevades this administration as to agitate any investe ment .. AT ALL in it. Underground they go.

Your three million jobs for 10 years worth of stagnation sucks man.

Posted by newc">newc 2009-03-02 03:44|| 2009-03-02 03:44|| Front Page Top

#3 The fact that so many other countries are adopting comparable measures means a flood of new issuance is about to hit national and international bond markets.

Which means intense competition at all levels for funds which are available, sky rocketing interest rates and inflation. Notice administration language of late which appears to mention less and less often the phrase, "banks lending to borrowers for busniess, homes and autos?"

Last week the first 401k trial balloons set sail as administration voiced it's concern, and began discussions about assisting the 401k investor. The obvious goal or target is a government directed rebalancing of accounts in favour of government bonds vs stock funds. The funds need not be seized directly, the goals of account visibility and directed investments can be achieved easily through a government appointed czar and board supervised oversight. The hook will most certainly include some form of a FDIC account protection measure. The end result will be the establishment of another government investment ponzi scheme similar to social security. Social Security automated accounting systems would permit access and visibility of investor net worth, as well as electronic transfer between accounts of both social security and 401k/IRA dollars. As the administration reviews entitlement programs, the implications of a joint social security and 401k investment scheme are clearly obvious. Remember, we're "leveling the playing field" and providing an automated investment vehicle for government bonds and borrowing.

Posted by Besoeker 2009-03-02 05:56|| 2009-03-02 05:56|| Front Page Top

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