Comments on: Kiss of Debt http://dailyreckoning.com/kiss-of-debt/ Economic News, Markets Commentary, Gold, Oil and Investing Strategies. Sat, 26 May 2012 18:05:48 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Chris http://dailyreckoning.com/kiss-of-debt/#comment-37353 Chris Fri, 06 Nov 2009 10:40:17 +0000 http://dailyreckoning.com/?p=19651#comment-37353 Think of the interest on that government debt and think of the taxes to be paid just to cover interest. Then think of the opportunity foregone by all that spending on bad debt acquisition. The only consolation is that the US - and then the world - has probably avoided deflation. That bogey must have worried Bernanke a lot more than he has publicly admitted. Think of the interest on that government debt and think of the taxes to be paid just to cover interest. Then think of the opportunity foregone by all that spending on bad debt acquisition.
The only consolation is that the US – and then the world – has probably avoided deflation. That bogey must have worried Bernanke a lot more than he has publicly admitted.

]]> By: LAgirl http://dailyreckoning.com/kiss-of-debt/#comment-37224 LAgirl Thu, 05 Nov 2009 15:09:56 +0000 http://dailyreckoning.com/?p=19651#comment-37224 I don't think I can get through another day without Bonner's commentary! I hope he didn't escape to a secret bunker with Mr. Mogambo! I don’t think I can get through another day without Bonner’s commentary! I hope he didn’t escape to a secret bunker with Mr. Mogambo!

]]> By: al b http://dailyreckoning.com/kiss-of-debt/#comment-37111 al b Thu, 05 Nov 2009 00:29:27 +0000 http://dailyreckoning.com/?p=19651#comment-37111 You can blame the rest of the world for that as well. When the US consumer stops spending, the whole world stops spinning, it seems. What has been spending in the red for the average American since the 70s wasn't going to happen forever and the Chinese will eventually get tired of welfaring (paying us to buy their stuff) us as well. Unfortunately, the rest of the world watches idly. ========================== It seems that government is once again more interested in saving an economy of spenders than encouraging its citizens to build a productive pool of savings from which a healthy economy can emerge and a stronger society prosper as a result. You can blame the rest of the world for that as well.

When the US consumer stops spending, the whole world stops spinning, it seems.

What has been spending in the red for the average American since the 70s wasn’t going to happen forever and the Chinese will eventually get tired of welfaring (paying us to buy their stuff) us as well.

Unfortunately, the rest of the world watches idly.

==========================

It seems that government is once again more interested in saving an economy of spenders than encouraging its citizens to build a productive pool of savings from which a healthy economy can emerge and a stronger society prosper as a result.

]]> By: Bloomer http://dailyreckoning.com/kiss-of-debt/#comment-36757 Bloomer Tue, 03 Nov 2009 06:47:20 +0000 http://dailyreckoning.com/?p=19651#comment-36757 Joe....The bankers lobbied for deregulation and they got what they wished for. Free and unfettered they made huge bets on bank loans to people who didn't have the means to make their payments. Bankers were blinded by their own greed. The moral of the story, capitalist don`t know what`s good for them. What is good for capitalism is not always good for everything else or even themselves. They have no vision. No master plan. Just next quarters earnings, which are getting increasing more difficult to sustain. Joe….The bankers lobbied for deregulation and they got what they wished for. Free and unfettered they made huge bets on bank loans to people who didn’t have the means to make their payments. Bankers were blinded by their own greed.
The moral of the story, capitalist don`t know what`s good for them. What is good for capitalism is not always good for everything else or even themselves. They have no vision. No master plan. Just next quarters earnings, which are getting increasing more difficult to sustain.

]]> By: JMR bayou bobby http://dailyreckoning.com/kiss-of-debt/#comment-36386 JMR bayou bobby Sun, 01 Nov 2009 13:11:30 +0000 http://dailyreckoning.com/?p=19651#comment-36386 "The economy had been kissed hard..." _______________________________________ and she's not responding well “The economy had been kissed hard…”
_______________________________________

and she’s not responding well

]]> By: joe blowe http://dailyreckoning.com/kiss-of-debt/#comment-36272 joe blowe Sat, 31 Oct 2009 17:49:56 +0000 http://dailyreckoning.com/?p=19651#comment-36272 No, no one is saving capitalism from itself. No, we do not need more regulation on anything. We have laws. We have not had capitalism but a command economy with the FED dictating the price of our most precious commodity. Money. We have not had capitalism with the Banks able to print money through the 'Fractional Banking System'. Fiat money, not tied to anything. No, we have not had capitalism when fraud is sanctioned & mandated by the governments forcing banks to lend to people that WILL NOT pay. 8 million times, 5+ trillion dollars worth. No, we're on the edge of an abyss. The 'Derivatives' Market this week is 544 trillion dollars. How did this get up there ? No, no one is saving capitalism from itself.
No, we do not need more regulation on anything. We have laws.
We have not had capitalism but a command economy with the FED dictating the price of our most precious commodity. Money.
We have not had capitalism with the Banks able to print money through the ‘Fractional Banking System’. Fiat money, not tied to anything.
No, we have not had capitalism when fraud is sanctioned & mandated by the governments forcing banks to lend to people that WILL NOT pay. 8 million times, 5+ trillion dollars worth.
No, we’re on the edge of an abyss. The ‘Derivatives’ Market this week is 544 trillion dollars. How did this get up there ?

]]> By: Bruce Hemmings http://dailyreckoning.com/kiss-of-debt/#comment-36261 Bruce Hemmings Sat, 31 Oct 2009 16:46:37 +0000 http://dailyreckoning.com/?p=19651#comment-36261 Mr. Bonner, Seldom explored in discussions of our present debt splurge and government's response to solve all our fiscal problems, is the effect of government's actions upon its citizens. Specifically, its senior citizens. Presently, yours truly has reached the magnificent age of 78 years with a plan to fund a prosperous retirement through a successful series of working, saving, investing and living underneath our means. Now that we are largely income investors, we are treated, once again, to Federal Reserve interest rate policies of low to nonexistent return on our carefully nurtured savings. It seems that government is once again more interested in saving an economy of spenders than encouraging its citizens to build a productive pool of savings from which a healthy economy can emerge and a stronger society prosper as a result. Finally, is this the scourge of democracy? Where a nonproductive society votes for benefits they have not earned---only achieved through the fraudulent use of the ballot box? Best regards and thank you for your brilliant and insightful essays. Bruce Hemmings---Modesto, California Mr. Bonner,

Seldom explored in discussions of our present debt splurge and government’s response to solve all our fiscal problems, is the effect of government’s actions upon its citizens.

Specifically, its senior citizens.

Presently, yours truly has reached the magnificent age of 78 years with a plan to fund a prosperous retirement through a successful series of working, saving, investing and living underneath our means.

Now that we are largely income investors, we are treated, once again, to Federal Reserve interest rate policies of low to nonexistent return on our carefully nurtured savings.

It seems that government is once again more interested in saving an economy of spenders than encouraging its citizens to build a productive pool of savings from which a healthy economy can emerge and a stronger society prosper as a result.

Finally, is this the scourge of democracy? Where a nonproductive society votes for benefits they have not earned—only achieved through the fraudulent use of the ballot box?

Best regards and thank you for your brilliant and insightful essays.

Bruce Hemmings—Modesto, California

]]> By: Tom in MI http://dailyreckoning.com/kiss-of-debt/#comment-36256 Tom in MI Sat, 31 Oct 2009 16:17:47 +0000 http://dailyreckoning.com/?p=19651#comment-36256 As one who had lived through the miseries of Soviet "liberation" in 1945, a hyper-inflation in 1945-46, communist dominated socialism (as opposed to the West European falvor) and voted with my feet in 1956, I think a collaps will be serious, painful but not the end of the world. The USA will have to relearn to be self sufficient, to create wealth instead of phony wealth in fiat money and to be more prudent with her military power. The "tuition fee" the best teacher, whose name is NEED, demands will be high but we'll survive it (unless we tear each other to pieces in the process). As one who had lived through the miseries of Soviet “liberation” in 1945, a hyper-inflation in 1945-46, communist dominated socialism (as opposed to the West European falvor) and voted with my feet in 1956, I think a collaps will be serious, painful but not the end of the world. The USA will have to relearn to be self sufficient, to create wealth instead of phony wealth in fiat money and to be more prudent with her military power. The “tuition fee” the best teacher, whose name is NEED, demands will be high but we’ll survive it (unless we tear each other to pieces in the process).

]]> By: LAGirl http://dailyreckoning.com/kiss-of-debt/#comment-36228 LAGirl Sat, 31 Oct 2009 14:07:11 +0000 http://dailyreckoning.com/?p=19651#comment-36228 Scott, I recommend you go to charles hugh smith, oftwominds website, he has a great piece today on how the govt is turning into a giant Kleptocracy and as it grows more and more desperate for money, it is using harsh police state tactics to extract fees and fines from citizens. Scott, I recommend you go to charles hugh smith, oftwominds website, he has a great piece today on how the govt is turning into a giant Kleptocracy and as it grows more and more desperate for money, it is using harsh police state tactics to extract fees and fines from citizens.

]]> By: Bloomer http://dailyreckoning.com/kiss-of-debt/#comment-36100 Bloomer Sat, 31 Oct 2009 05:02:51 +0000 http://dailyreckoning.com/?p=19651#comment-36100 I love capitalism. It cost a lot of money it save capitalism from destroying itself. But considering the alternative, its well worth it. I love capitalism. It cost a lot of money it save capitalism from destroying itself. But considering the alternative, its well worth it.

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