...

 RW>> WOuld agree with that.  But keeping that money in
 RW>> circulation is the big thing.  IF, let's say, you're a
 RW>> bank, you have money to lend.  YOu lend it to folks that
 RW>> are going to buy from your depositors.  Your depositors can
 RW>> then even borrow against their receiable.

BK>>  Now that is long term thinking. Do you really believe bankers
BK>> think long term? That long?

 RW> YEs, but what you postulate  is also
 RW> true.  YOu know they're going to come back to you for
 RW> another loan.  You get the principle back, and interest.

 Yep. And you keep your own workers working. Japan did that for
 decades. In the '90s the WTO forced them to reduce that policy,
 and they went into a decade long recession. Now they are deep in
 it again.

BK>>  See... the debt does get paid back. With interest. A large and
BK>> growing part of the federal budget is debt service. Within a  fairly
BK>> short time, probably 10 years, the national debt will be  mostly
BK>> paid off, but then borrowed again. See... the money keeps  getting
 ...

 RW> OF course, that's the whole idea.  That's why they'll
 RW> always loan a retail establishment $$ on inventory.

 And don't forget, it is all part of the GDP. Debt spending as
 much as productive activity.

 RW>> with all the manufacturing jobs that have disappeared
 RW>> replaced by service jobs, many in the financial sector,
 RW>> that the economic security of the average American is quite
 ...
BK>>  Now you are thinking long term again, they will get you for  that.

 RW> It's not part of our culture anymore.  .

 RW>> The fallout is going to be devastating for millions, but in
 RW>> the long run maybe this is a good thing, but the shakeout
 RW>> is sure gonna be a bummer.

BK>>  It won't be a good thing. Not for a long long time. And we don't
BK>> need the devastation to get the good thing.

 RW> Just another example of why man chose to give up his fur.
 RW> MOre on that some day .

 Man may yet regret that choice. Esp if he can't afford to heat
 his home (cave) next winter. Or this winter... maybe.


BOB KLAHN bob.klahn{at}sev.org   http://home.toltbbs.com/bobklahn

... As Yahweh said unto Job: "No reason, just Policy..."
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