Tuesday, November 15, 2011
LAND OF MAKE BELIEVE VS HERE
In the Land of Make Believe (the land of Supply Side Nonsense) you can Grow your way out of a Debt Crisis. We all just roll up our sleeves, get government off our backs and put our noses to the grindstone, LOWER TAXES, and pull together, and by golly dig ourselves out of this ditch!
HERE: “No amount of synthesized growth can evaporate global debt. Trying to sell creditors, debtors and taxpayers on the idea that it can be done is a futile and dangerous proposition. Time is not a variable. There is debt that is owed and only money or assets-in-kind can satisfy it.”
– Paul Brodsky / Lee Quanitance
In the Land of Make Believe: The prudent combination of Debt Restructuring and Austerity Programs can give economies "breathing room" to start to grow their way back to prosperity.
HERE: "Those in charge of the SS Europe are left with a stark choice – print money or allow the break-up of the Eurozone and the end of the common currency known as the Euro. At this point it really IS that simple.”
In the Land of Make Believe: Central Banks are the cornerstones of stability, guiding our economies through wise and deliberate policies.
HERE:"The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution....Bankers are more dangerous than standing armies......(and) if the American people allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and CORPORATIONS that will grow up around them will deprive the People of all their property until their children will wake up homeless on the continent their Fathers conquered."
--Thomas Jefferson -
In the Land of Make Believe: Karl Marx was an evil Jew who hated Freedom and Democracy and advocated for the Tyranny of the State .
HERE: Karl Marx was a philosopher who said this: "Owners of capital will stimulate the working class to buy more and more expensive goods, houses and technology, pushing them to take on more and more expensive debt, until their debt becomes unbearable. The unpaid debt will lead to the bankruptcy of all banks, which will have to be nationalised, and the State will have to take the road which will eventually lead to communism.”
In the Land of Make Believe: We have a free market facilitated by a Free Market Banking System
HERE: Marx got it wrong: The Banks have indeed become bankrupt, but instead of being Nationalized, they've been subsumed by the Central Banks, which they in turn own. Get your head around that one.