Topic: Monetary Policy
WHO WON WORLD WAR TWO? THE COLD WAR? The Following Chart, Downloaded From The CIA Site, Provides Another Perspective. Why Did We Win The War, Only To Lose The Peace?by Wendall Dennis
(Libertarian)
Saturday, March 1, 2008
"I have but one lamp by which my feet are guided, and that is the lamp of experience. I know of no way of judging the future but by the past...." Patrick Henry in support of the Declaration of Independence.
Are there lessons hidden in the last last sixty years of history that might be of benefit to us. Is the lamp of experience only applicable to Patrick Henry?
Another question: Is this forum static, or dynamic? How many of you are seeking responses to questions posed in your columns? How many of you intend your columns to be merely rhetorical?
Speaking for myself, my participation is a means of acquiring different perspectives; none of my postings are to be considered rhetorical. I will consider it an honor, to have them studied, analyzed, and kicked around in open debate.
Don’t Stone The Messenger! Instead - Create a well thought out column informing me, and the entire panel why you disagree! What did I miss? How do you see it?
This artical is a re-visit of Is America Bankrupt? by therealJJJ (Libertarian, February 29, 2008)
The following figures - accumulating since 1913, tell the Fraudral Reserve story, thus explaining the .com, stock market, and real estate meltdown, while, painting a very disturbing scenario for the future of our nation
They were downloaded from the CIA site, and are denominated in 2007 dollars; the site has been updated in 2008.
The download was in spreadsheet format, a format not compatible with the html requirement of this site. I transferred it into word processing form.
Though I limited the figures to the 20 top and bottom economies, I will be happy to furnish the entire chart to those interested.
The CIA link was on the Feb. 26 edition of the Freedom’s Phoenix newsletter.
MONEY TO BURN DEBT OUT THE GAZOO
1.China 363,300,000,000 163. USA -747,100,000,000
2 Japan 201,300,000,000 162 Spain -126,300,000,000
19 Finland 17,120,000,000 145 Latvia -5,839,000,000
20 Venezuela 17,020,000,000 144 C Repub -5,701,000,000
We are besieged with assurances from our "governors" that we will grow our way out of this mess. I don't get it! Common sense, and my vocational ag education, is shouting: If you grow an "economy" predicated on debt, you get more debt. thus exasperating the problem.
If a farmer for example, is losing money on 120 acres of ragweed, for which there is no market, what can he expect by doubling the acreage?
Any Thoughts, Any or Everybody?
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2008 Wendall Dennis, all rights reserved.
Published: Saturday, March 1, 2008
Last modified: Saturday, March 1, 2008
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The economic might of the United States is not predicated on the sale of one product, as in your metaphor. Nor is it created by government, which can only redistribute the wealth.
Economic might is based on human action - countless of individuals productively creating wealth through their work. By that understanding: Yes, we can get out of the red and into the black, eventually, if only the government would stop its irresponsible deficit spending.
The risk is that the economy implodes leaving people without the ability to find work, slowing the cycle of recovery.
So the answer to the government would be: Stop spending our wealth and get the hell out of the way!
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2008 Wendall Dennis, all rights reserved.