TIP: Click on subject to list as thread! ANSI
echo: pol_inc
to: RICHARD WEBB
from: JOHN FITZGERALD
date: 2009-02-19 05:16:56
subject: YES WE HAVE NO BANANAS

-

JF> -
JF> Still would like to know who are the entities that keep lending us 
JF> billions and billions of dollars while we just keep sinking in debt. 
JF> And why?
 
DC> It's good for their economy. 
 
JF>   Don't see how lending money that doesn't get paid 
JF>   back is good for anyone's economy.
 
RW>  SMoke and mirrors.

  Mostly smoke.


RW>  YOu loan the guy the money, and he buys
RW>  more stuff from you.
RW>  But, it's coming to you via a bit different path, so it
RW>  looks good, on paper, for awhile.  THen, suddenly the house
RW>  of cards comes crashing down.
RW> 
RW>  SHort term:  YOu sell products, keep your workers producing, 
RW>  keep paychecks being cut, folks are happy, they have jobs.
RW>  YOu artificially prop up the house of cards, for a little
RW>  while.

   Seems the banks are the HOC, all they offer is paper money and more
debt.  The people are the one's who produce/possess tangible goods.

  Hmm...  Perhaps I should change the subject heading of this thread
to 'RISING DEBT REMAINS A MYSTERY'.


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