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I thought it was rather apt since when they lose their minds and start freaking out they tend to bite themselves in the ass....much as Krugman's arguments do.
It is quite clear that the goal of the Federal Reserve system was to obfuscate their systematic looting.
So -- it works like this: Last year we spent $150 (million-billion it doesn't matter). This year we had a decrease of 50% to 75. But what they fail to mention is that they retain a "base line" of 150, so that this year's budget is actually 150 + 75, or 225. Not a decrease, but an increase! No matter what you call it, it's a lie. They all know it, regardless of party, philosophy, or ethical pronouncements. But, wait! If that is true, what other folderol is the government feeding us? Not being a denizen of the labyrinth called Washington, I couldn't begin to tell you. As of now, our government rests its firm foundation of economic stability on.....nothing at all. It's an upside down pyramid and most of us are going to get squashed when it falls.
Sound money would have normally exposed these lies. A rumbling tummy would push some one to make money rather than demand it of others.
But they get away with it, for a time.....
Francisco D'Anconia
Cheers
A, with enough public debt you can get public gains, kind of guy.
http://www.pumpfundamentals.com/images/s...
I know it's easy for statists to exploit, either to prop up failing industries and/or wrongly to justify deficit spending.