Discuss politics - join our community by registering for free here! HOP - the political discussion forum

Reply to thread

Message

Very good Mr. Pidgey.

Deflation is a good topic for discussion. It was one of the major problems during the Great Depression. Deflation was brought on by the outrageous government policies of both Hoover and FDR. We are following that same path today. Only today our economy is not nearly as strong as it was in the 30s. Debt levels today are so much higher in the public and private sector.

Consumers and businesses are NOT spending just as they did during the Great Depression. And, why? Because they fear BO's next move and the uncertainty BIG Government causes...same as during the Great Depression.

With the huge deficit spending by both Bush and BO, we are headed for default and devaluation. Which as you say, will be very detrimental for all Americans. Yet, it seems few are aware of what is coming.

The Z-1 clearly shows the contraction of spending by individuals and business. And the huge expansion of spending by government. The Feds are trying to keep the bubble inflated and of course their policies are most damaging.

From the master...

<blockquote data-quote="Gipper" data-source="post: 141920" data-attributes="member: 2419">Very good Mr. Pidgey.&nbsp; Deflation is a good topic for discussion. It was one of the major problems during the Great Depression.&nbsp; Deflation was brought on by the outrageous government policies of both Hoover and FDR.&nbsp; We are following that same path today.&nbsp; Only today our economy is not nearly as strong as it was in the 30s.&nbsp; Debt levels today are so much higher in the public and private sector.Consumers and businesses are NOT spending just as they did during the Great Depression.&nbsp; And, why?&nbsp; Because they fear BO&#039;s next move and the uncertainty BIG Government causes...same as during the Great Depression.&nbsp; With the huge deficit spending by both Bush and BO, we are headed for default and devaluation.&nbsp; Which as you say, will be very detrimental for all Americans.&nbsp; Yet, it seems few are aware of what is coming.The Z-1 clearly shows the contraction of spending by individuals and business.&nbsp; And the huge expansion of spending by government.&nbsp; The Feds are trying to keep the bubble inflated and of course their policies are most damaging.From the master...</blockquote>

[QUOTE="Gipper, post: 141920, member: 2419"] Very good Mr. Pidgey. Deflation is a good topic for discussion. It was one of the major problems during the Great Depression. Deflation was brought on by the outrageous government policies of both Hoover and FDR. We are following that same path today. Only today our economy is not nearly as strong as it was in the 30s. Debt levels today are so much higher in the public and private sector. Consumers and businesses are NOT spending just as they did during the Great Depression. And, why? Because they fear BO's next move and the uncertainty BIG Government causes...same as during the Great Depression. With the huge deficit spending by both Bush and BO, we are headed for default and devaluation. Which as you say, will be very detrimental for all Americans. Yet, it seems few are aware of what is coming. The Z-1 clearly shows the contraction of spending by individuals and business. And the huge expansion of spending by government. The Feds are trying to keep the bubble inflated and of course their policies are most damaging. From the master... [/QUOTE]

Verification