tag:blogger.com,1999:blog-2761684730989137546.post7640917899842082315..comments2024-03-29T09:32:34.853-04:00Comments on Mike Norman Economics: It's the population growth, stupid.mike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2761684730989137546.post-42948488793209570982011-08-09T00:07:45.692-04:002011-08-09T00:07:45.692-04:00Tonight on PBS we had Charlie Rose with :
Steve R...Tonight on PBS we had Charlie Rose with :<br /><br />Steve Rattner - "expert on car mfg"<br /><br />Bill Sahlman - of Harvard Uni.<br /><br />Nouriel Roubini - Mr. Infrastructure<br /><br />Bill Gross : PIMPco<br /><br />Steve Rattner rattled that the "USA owes China $2 Trillion"<br /><br />It just strikes me again how stupid and out of paradigm these egg heads are.<br /><br />Does the USA still owe Warren Mosler his money via some bank that it is credited in ? <br /><br />Does the USA still owe Buffett his piggy bank(s)?<br /><br />Does the USA still owe all American's their savings ?<br /><br />NO NO NO NO and NO<br /><br />They already EARNED the monies and deposited them into accounts, and for China that means a treasury bank account - it's just a special bank account.<br /><br />THE FACT IS THAT THEY ARE NOT SPENDING IT AND CREATING HEAT IN THE ECONOMY.<br /><br />DITTO FOR OPEC<br />FOR UK<br />FOR JAPANESE<br />FOR ALL THE REST OF THE HOARDERS WHO ARE SAVING AND NOT SPENDING.<br /><br />WHEN WILL THIS LUNACY STOP ?<br /><br />FAR*#$*&#*$&*#$ !!!!<br /><br />WE DON'T OWE THEM TWICE ...<br /><br />THEY DID NOT GIVE US ANYTHING ...<br /><br />PRINTING MONEY ? NO ! NOT PRINTED ENOUGH TO BEGIN WITH IN ANTICIPATION OF THE GOODS ( TOXIC AND WITH LEAD ) COMING IN THE DOOR.<br /><br />FOR EVERY DOLLAR WE SPEND ON THEIR CRAP, IT IS A DOLLAR INTO THEIR PIGGY BANK - THEIR TREASURY ACCOUNT.googleheimhttps://www.blogger.com/profile/14459089745473598235noreply@blogger.com