Comments on: The Problems With “Printing Your Way out of Debt” http://dailyreckoning.com/the-problems-with-printing-your-way-out-of-debt/ Entertaining Ideas on the Economy, Markets, Gold, Oil and Investing Strategies. Sat, 11 Feb 2012 04:42:35 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: I.B. Wright http://dailyreckoning.com/the-problems-with-printing-your-way-out-of-debt/#comment-43799 I.B. Wright Wed, 09 Dec 2009 21:21:27 +0000 http://dailyreckoning.com/?p=19932#comment-43799 don't worry lala girl, when obama is finally forced to show his birth certificate and it's revealed that he's a fraud, we can undo all this madness he's starting. don’t worry lala girl, when obama is finally forced to show his birth certificate and it’s revealed that he’s a fraud, we can undo all this madness he’s starting.

]]> By: LAGirl http://dailyreckoning.com/the-problems-with-printing-your-way-out-of-debt/#comment-37859 LAGirl Tue, 10 Nov 2009 00:53:29 +0000 http://dailyreckoning.com/?p=19932#comment-37859 I really wish people who are aware of how damaging this sweep toward socialism is would concentrate their efforts on fighting it rather than just how to profit off of it. Anyway, unless you suck up to the ruling party elite, like the banksters who were rescued are expert at doing, you are not going to get rich off of this march toward socialism. I suggest you read We The Living, Red Scarf Girl or any other book written first hand about the victims of communist revolutions. There is no upside to this for a rational person. Personally, I would rather be poor than to suck up to people like Nancy Pelosi or Chris Dodd. I really wish people who are aware of how damaging this sweep toward socialism is would concentrate their efforts on fighting it rather than just how to profit off of it.

Anyway, unless you suck up to the ruling party elite, like the banksters who were rescued are expert at doing, you are not going to get rich off of this march toward socialism.

I suggest you read We The Living, Red Scarf Girl or any other book written first hand about the victims of communist revolutions. There is no upside to this for a rational person.

Personally, I would rather be poor than to suck up to people like Nancy Pelosi or Chris Dodd.

]]> By: David http://dailyreckoning.com/the-problems-with-printing-your-way-out-of-debt/#comment-37856 David Tue, 10 Nov 2009 00:20:30 +0000 http://dailyreckoning.com/?p=19932#comment-37856 I do not see anyone, ANYONE talking about the change in what is occuring; in the past, govts would simply print their way out of debt. And you know the result. Today is different, now we have banksters counterfeiting TRILLIONS of dollars over decades, and more recently Credit Default Swaps and Derivatives. They are counted as money. We have M1, M2, and M3. The government by printing, is only influencing a small part of the currency. They are selling bonds at a much higher rate, and creating money this way. But the total evaporating right now, that was actually counterfeit, is 561 trillion. So they have to, legally as opposed to the banksters, issue over 561 trillion to start any inflation. Almost all of our previous inflation was counterfeit. Answer to debt? Print and pay, and there will still be deflation, for a long, long time. They need to consider the 'politically correct' counterfeiting that has plagued us for decades. I do not see anyone, ANYONE talking about the change in what is occuring; in the past, govts would simply print their way out of debt. And you know the result. Today is different, now we have banksters counterfeiting TRILLIONS of dollars over decades, and more recently Credit Default Swaps and Derivatives. They are counted as money. We have M1, M2, and M3. The government by printing, is only influencing a small part of the currency. They are selling bonds at a much higher rate, and creating money this way. But the total evaporating right now, that was actually counterfeit, is 561 trillion. So they have to, legally as opposed to the banksters, issue over 561 trillion to start any inflation. Almost all of our previous inflation was counterfeit. Answer to debt? Print and pay, and there will still be deflation, for a long, long time. They need to consider the ‘politically correct’ counterfeiting that has plagued us for decades.

]]> By: johnk http://dailyreckoning.com/the-problems-with-printing-your-way-out-of-debt/#comment-37810 johnk Mon, 09 Nov 2009 19:23:17 +0000 http://dailyreckoning.com/?p=19932#comment-37810 Sure miss Mogambo Sure miss Mogambo

]]> By: JMR bayou bobby http://dailyreckoning.com/the-problems-with-printing-your-way-out-of-debt/#comment-37790 JMR bayou bobby Mon, 09 Nov 2009 14:50:38 +0000 http://dailyreckoning.com/?p=19932#comment-37790 Joe: changing a spelling error is a good thing, not that it will make a great difference in the discourse, just a good thing brought to you by Martha Joe: changing a spelling error is a good thing, not that it will make a great difference in the discourse, just a good thing

brought to you by Martha

]]> By: Joe http://dailyreckoning.com/the-problems-with-printing-your-way-out-of-debt/#comment-37667 Joe Sun, 08 Nov 2009 11:37:33 +0000 http://dailyreckoning.com/?p=19932#comment-37667 Can someone please fix the dateline? It's been wrong for the past week. It's Buenos Aires, not Beunos Aires. Can someone please fix the dateline? It’s been wrong for the past week. It’s Buenos Aires, not Beunos Aires.

]]> By: Scott http://dailyreckoning.com/the-problems-with-printing-your-way-out-of-debt/#comment-37605 Scott Sat, 07 Nov 2009 20:13:40 +0000 http://dailyreckoning.com/?p=19932#comment-37605 Fred McDavid said "It would be helpful to know what kinds of enterprise tend to be most profitable when half of the economy is “feeding at the public trough” (to quote Charles Reed). And, what kind of endeavors will do well when the fiat money printing presses are running full steam ahead." Maybe I'm naive, but I think there's an old tried and true answer to that question; the enterprise that remains profitable in an economy where more than half of the participants are feeding from the public trough is the black market. Essentially capitalism becomes a crime in that economy and trade is performed illegally using goods rather than national currencies. You don't need to look much further than the most recent examples of socialist and communist states to see it I don't think. Fred McDavid said

“It would be helpful to know what kinds of enterprise tend to be most profitable when half of the economy is “feeding at the public trough” (to quote Charles Reed).
And, what kind of endeavors will do well when the fiat money printing presses are running full steam ahead.”

Maybe I’m naive, but I think there’s an old tried and true answer to that question; the enterprise that remains profitable in an economy where more than half of the participants are feeding from the public trough is the black market. Essentially capitalism becomes a crime in that economy and trade is performed illegally using goods rather than national currencies.

You don’t need to look much further than the most recent examples of socialist and communist states to see it I don’t think.

]]> By: Fred McDavid http://dailyreckoning.com/the-problems-with-printing-your-way-out-of-debt/#comment-37563 Fred McDavid Sat, 07 Nov 2009 15:26:04 +0000 http://dailyreckoning.com/?p=19932#comment-37563 For the most part, the politicians ignored the people gathered at the US Capitol on Thursday, and almost nothing was mentioned in the news. It sure looks as though socialism is going to continue its forward march, at least until next year. It would be helpful to know what kinds of enterprise tend to be most profitable when half of the economy is "feeding at the public trough" (to quote Charles Reed). And, what kind of endeavors will do well when the fiat money printing presses are running full steam ahead. Most publications are aimed at where to invest the big stash of money that we all hope to accumulate.... someday. What would be helpful is advice on what has worked in other economies for the entrepreneurs who are not on the dole. Maybe this advice would be helpful for the hourly wage earner who seeks to advance through some sort of "side" job, too. For the most part, the politicians ignored the people gathered at the US Capitol on Thursday, and almost nothing was mentioned in the news.
It sure looks as though socialism is going to continue its forward march, at least until next year.
It would be helpful to know what kinds of enterprise tend to be most profitable when half of the economy is “feeding at the public trough” (to quote Charles Reed).
And, what kind of endeavors will do well when the fiat money printing presses are running full steam ahead.
Most publications are aimed at where to invest the big stash of money that we all hope to accumulate…. someday.
What would be helpful is advice on what has worked in other economies for the entrepreneurs who are not on the dole. Maybe this advice would be helpful for the hourly wage earner who seeks to advance through some sort of “side” job, too.

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