Ready for the Aftershock? or will it all go away soon?

With massive stimulation by the federal government, include big deficit spending and increases in the money supply via quantitative easing, the economy may partially rebound and unemployment may begin to ease temporarily, said Wiedemer. But longer-term, the basic problems that are hurting the economy and killing jobs will not go away and unemployment will rise even higher than the current 10 percent.

“We’ve been relying on a somewhat artificial prosperity based on a multi-bubble economy,” said Robert Wiedemer, president and CEO of the Foresight Group. “As the bubbles continue to fall, massive stimulus spending will only kick these problems down the road, and in fact, make our later problems that much worse.” The government’s quantitative easing has effectively doubled the US money supply in less than a year, creating growing pressures for future inflation, while the total federal debt is now about $12 trillion, more than six times the government’s income in tax revenues. “At some point, we not going to be able to borrow anyone more and the party will be over.”

Any insights/opinions from anyone?

[rabosi]

We can blame government all we want but it's our fault. From congress to small localities we keep voting the same losers into office year after year. Until we become educated about the people we vote for and hold them accountable via the vote nothing will change imo.

[Bondonutz]

I'm surely not holding my breath that anything is going to get better within the next few years, hope I'm wrong.

[pinkpanda3310]

Originally Posted by rabosi

We can blame government all we want but it's our fault. From congress to small localities we keep voting the same losers into office year after year. Until we become educated about the people we vote for and hold them accountable via the vote nothing will change imo.

I can appreciate what you've said but it's hard to see past the people we beleive to be in power for the people who really are in power- banks and corporations.

The banks were the the catalyst with there low-doc and no-doc loans and the ceo's of the fortune 500 were the scare mongers that worsened the situation. Money used to be a real item- there was paper and coins. Now it is an idea that the banks create from/with.

The only person who would have the balls or stupidity to re-make the system is first going to have to kick the chair out from under the current system. It might be good for the long term but how long would you expect him to live?

In my part of the world I expect things to steadily regain.

[JThiessen]

[QUOTE=pinkpanda3310;347473]I can appreciate what you've said but it's hard to see past the people we beleive to be in power for the people who really are in power- banks and corporations.

The banks were the the catalyst with there low-doc and no-doc loans and the ceo's of the fortune 500 were the scare mongers that worsened the situation. Money used to be a real item- there was paper and coins. Now it is an idea that the banks create from/with.

The only person who would have the balls or stupidity to re-make the system is first going to have to kick the chair out from under the current system. QUOTE]

EAXACTLY.....the reins of the economy are in the hands of the money, not the gov't.
I haven't seen a whole lot of people giving up salary, cuts in costs of necessities (if anything, those have continued to rise), or in entertainment $$ (both cost to consumers, and operating costs to them). Until such things occur (across the board), any rebound is only going to be temporary.

[_paralyzed_]

I thought this was going be about a Losi truck...

[TexasSP]

It's not the money as much as the stupid handling of money which is the problem. Unfortunately the government and the banks were in bed together for this collapse. They are both running around with bloody hands, one pulled the trigger and the other loaded the gun.

The problem is the stupid handling is still going on. Creating huge deificits to fix debt and financial problems is ignorant of how money works. Mega banks not changing the operating procedures from what landed us in these issues is ignorant of how money works.

[bdebde]

Originally Posted by _paralyzed_

I thought this was going be about a Losi truck...

Me too

[rabosi]

Originally Posted by pinkpanda3310

I can appreciate what you've said but it's hard to see past the people we beleive to be in power for the people who really are in power- banks and corporations.

The banks were the the catalyst with there low-doc and no-doc loans and the ceo's of the fortune 500 were the scare mongers that worsened the situation. Money used to be a real item- there was paper and coins. Now it is an idea that the banks create from/with.

The only person who would have the balls or stupidity to re-make the system is first going to have to kick the chair out from under the current system. It might be good for the long term but how long would you expect him to live?

In my part of the world I expect things to steadily regain.

It's true what you say, however the nature of (most) businesses will always be to look out for themselves and screw everything else. We need governments for regulating businesses. So to that end we have to make sure that the people we put in office represent us or else vote them out.
Off topic, how about the term "big government"? Is that bullshit or what? At what point does a government become "big"? What dollar value exactly? People using that term have no idea what they are talking about. If you asked 200 million people to tell you when exactly a government becomes "big". You'll get 200 million different answers. I just wants something efficient that works. (of course also highly subjective).

[zeropointbug]

Unless the whole artificial monetary system crashes and the world governments push a big reset button, things are only going to get worse. Since last year, Obama has doubled the public debt because of his $3.6 trillion budget, that's all the other presidents combined.

If the money changers had their way, we would already have 'Veri-Chips' in us already. It might take a financial melt down for them to bully us into submission.

[Modding_out]

Originally Posted by zeropointbug

If the money changers had their way, we would already have 'Veri-Chips' in us already.

By Then the rapture would have already taken place, Worry about that when half the world goes missing......So you have some time left between now and then.....

[pinkpanda3310]

Originally Posted by TexasSP

It's not the money as much as the stupid handling of money which is the problem. Unfortunately the government and the banks were in bed together for this collapse. They are both running around with bloody hands, one pulled the trigger and the other loaded the gun.

The problem is the stupid handling is still going on. Creating huge deificits to fix debt and financial problems is ignorant of how money works. Mega banks not changing the operating procedures from what landed us in these issues is ignorant of how money works.

Yes that's true but money has a bit of history- google money as debt by John Grignon

Originally Posted by rabosi

It's true what you say, however the nature of (most) businesses will always be to look out for themselves and screw everything else. We need governments for regulating businesses. So to that end we have to make sure that the people we put in office represent us or else vote them out.

We all want a fair and just gov't but they are restricted as to what they can do e.g. the gov't knows the fortune 500 are laundering money for the drug cartell. They won't tell you this because they can't justify/afford the resources to bring this to an end.

So while we criticize and call for a fair and fruitful gov't they're trying to hide their copping it up the back. Who's got the power? Who's got the money? BUSINESS legal or not.

[Arct1k]

I have to say that there were loose lending practices in a lot of quarters I'm sure but were does personal accountability for ones debts come?

Everyone likes to point at the banks but all the mortgages were secured by Fannie and Freddie the GOVERNMENT mortgage packagers...

[lincpimp]

Originally Posted by bdebde

Me too

And me...