Comments on: Don’t Put Your Money on a US Recovery

By: Charles LP

Charles LP — Mon, 10 Aug 2009 20:35:07 +0000

As always whenever tempted to believe whatever sweet news our government has brewed, the DD and the 5 has always brought us back to reality. Keep up the good work.

By: Daniel

Daniel — Mon, 10 Aug 2009 17:16:11 +0000

Another great article, BB!

Reading ‘The Daily Reckoning’ along with other Agora newsletters, has helped me to understand the reality of the financial situation that we’re in and how the government and media are deliberately keeping us from understanding the truth.

By: Iron

Iron — Mon, 10 Aug 2009 14:41:57 +0000

Harry,Harry,Harry? Tsk.Tsk.

See usdebtclock.org

Get educated on historical economics!

By: Ron

Ron — Mon, 10 Aug 2009 13:38:58 +0000

What will the auto manufacturers do for sales in 2010 ? The government has helped them sell cars which might have been purchased in 2010, when the ecomomy was in better shape. I guess the government will offer $9,000.00 in 2010. Look for a large inventory of used cars in 2010, because of the repossession of cars purchased by people who couldn’t have afforded them if not for the clunkers payment. Remind you of anything you have seen before, like the mortgage meltdown.

By: Feizal Mansoor

Feizal Mansoor — Sun, 09 Aug 2009 13:13:01 +0000

If someone does something for me and I give him/her an IOU, depending on my creditworthiness, that person can either exchange it for its full value in third party goods and services or at least a fraction thereof.
If someone performs a service or makes a good that is essential to the sustainability of our community and the market place in which these exchanges take place, there is nothing inflationary in Society printing an IOU acknowledging that debt. It is merely an accounting of work performed.
As a society our sustainability lies in affording the highest minimum standard of living for everyone at the least expenditure of energy both human and machine.
Government cannot do it, they have to pay the Piper, but we can by using open systems, royalty patents and making our own local communities as self-sufficient as possible. Government cannot tax what is provided free.
As Buckminster Fuller said in terms of cosmic energy in a time-energy accounting of human endeavor: we are billions of billionaires.

By: robert franco

robert franco — Sun, 09 Aug 2009 10:40:11 +0000

Cash for clunkers is a better application of Keyenesian economic theory for the stimulation of demand necessary to dampen a recession than the $787 billion dollar bailout Congress signed on to. In effect it is increasing the incomes of those who wish to buy a car right now. However, an across the board tax cut or rebate would be a better stimulus. it would increase the incomes of everyone and that would increase aggregate demand. That increase in aggregate demand could provide the bridge between recession and recovery by substituting confidence for fear. Of course if Congress were to do that it would lose the benefit it receives from the check writing lobbiest and special interest groups. Bob Franco

By: ray clem

ray clem — Sun, 09 Aug 2009 01:55:12 +0000

Ever thought maybe cars were price too high by the $4,300 stimulus? Hummm?

By: PeTe

PeTe — Sat, 08 Aug 2009 18:18:56 +0000

OK. HOUSES ALSO DROPPED DOWN IN PRICES AND LOOKS THAT IS A VICIOUS CIRCLE THAT WAS PRONOSTICATED BY NIKITA KRUSCHEV. ” AMERICA WILL BE
HANGED UP WITH THE SAME ROPE” AS i KNOW SPANISH, THERE IS AN OLD TANGO CALLED ” CAMBALACHE” BY JULIO SOSA.
NOTHING CHANGED SINCE THEN…

By: Johnny

Johnny — Sat, 08 Aug 2009 07:49:26 +0000

Harry is in for a rude awakening…the hangover from hell is just around the corner

By: JMR Alan Greenspan

JMR Alan Greenspan — Thu, 06 Aug 2009 22:38:25 +0000

Harry belives the fudged and twisted “oficial” numbers of government!!

I laugh at you Harry – hahaha.

Perhaps you belive in Santa Claus too…