An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Thursday, May 17, 2012
Some more for the, "file it in the stupid," box
"US Treasury Secretary Geithner says the US has to earn confidence in order to regain the top-notch rating at S&P"
Imagine where rates would be if people HAD confidence!
Government Debt is a clever way of enslaving the entire population. There is no legitimate reason for it. Any MMTer understands this. The logical endpoint of MMT is the complete removal of Government Debt.
Here is the video link to Geithner's interview...
ReplyDeletehttp://www.youtube.com/watch?v=1G0tfb8ZefA
Thanks for all you do Mike!
Would that be the "Geithner" who strongly opposed stimulus at the start of the recession, and later one admitted that stimulus was necessary?
ReplyDeletePerhaps he's not an idiot, but rather he is willfully complicit in the deceit that is the global financial scam of market fundamentalism.
ReplyDeleteGovernment Debt is a clever way of enslaving the entire population. There is no legitimate reason for it. Any MMTer understands this. The logical endpoint of MMT is the complete removal of Government Debt.
ReplyDelete1.702 on the ten year shows a real burning need to earn confidence. Please.
ReplyDeleteRyan,
ReplyDeleteWe are tracking the previous ALL TIME LOW @ 1.6714% on 9/23/11.
Maybe we set a new ALL TIME LOW as soon as tomorrow.
We will seek to be the first to report it if it happens....
Resp,
Broll,
ReplyDeleteIt has to be one (conspiracy) or the other (moron).
Resp,
Geithner should be in jail.
ReplyDeleteAlso in case of his, there is no doubt it's not moron, it's a conspiracy. That guy is just corrupt to the bone.