Comments on: Artificially Created Credit by the Federal Reserve System Got Us into This Crisis

By: Credit Crunch « the F rant

Credit Crunch « the F rant — Thu, 09 Apr 2009 00:25:40 +0000

[...] UPDATE 2 [3 Oct]: A great editorial from Ron Paul in The Daily Reckoning. [...]

By: Uncle B

Uncle B — Thu, 08 Jan 2009 19:36:48 +0000

Obama has jumped in, both feet, hook, line. and sinker. He wants to borrow a fortune from the Chinese, and they are hesitant - "The Chinese have you by the balls Yankee Doodle, and they eat meat"

By: Joe

Joe — Sat, 04 Oct 2008 06:25:07 +0000

Including a measure of house price inflation into CPI will allow (for independent rate setters) the opportunity to quell a boom in housing into a dangerous credit boom. For any leader (business or political) that thinks for a minute that more availability of credit will resolve a credit boom then crash, you are an idiot.
For any foreign investor who can not see that the U.S has no plan, and therebye no intention, of repaying its' massive debt pile, believe me, they don't.
They are hoping that their pile of excess fiscal defication once pushed into the naughty corner, will be inflated away. Expect a crash in the U.S dollar. Expect the association of Oil to the dollar to be dropped, and from there it will devalue into oblivion.

By: Curt

Curt — Fri, 03 Oct 2008 14:07:39 +0000

Excellent article. I'm still in amazement that congress and the administration doesn't understand this and realize what a grave mistake they are making.