Greenspan predicts double-digit interest rates. [news item]

[hanselthecaretaker]

Yep, America will have to pay the trillions that the war in Iraq will end up costing for the next couple of generations.

hansel: How is the creation of the fed responsible for this mess?

Just asking for elaboration.




b0und (?)

A privatized corporation, producing currency based on debt that can never be paid off with it? That about sums it up.
http://www.house.gov/paul/tst/tst2004/tst042604.htm

 

[Razorguns]

Yeah, but that's a bad way to do it. I'm always hoping that people see the larger picture and do what's best for themselves and not react to a knee jerk item.

But then I get disappointed alot.

what is in in today's generation stupid - that people think prosperity will last FOREVER.

doesn't work like that. if house prices rise continually, and wages never budge - what does that spell?

the economic boom was fueld by debt. this country is due for a 'correction'. and i'm glad. maybe we will come out of it stronger, more intune with creating wealth through production and education (skills), and less tolerance for throwing trillions away on stupid shit in foreign countries.

r