Message:

<p>[QUOTE=&quot;JCB1983, post: 1296953, member: 23885&quot;]This might not be the right forum for this, and I’ll try to keep it anti political.&nbsp; Some of the most respected economists believe in an Austrian economical approach (hands off), as compared to a Keynesian economical approach (our current approach).&nbsp; This being said besides cutting down on entitlements, Austrian economists do not want to artificially stimulate the economy in any way, shape, or form.&nbsp; Many short term solutions carry long term problems.&nbsp; Right now the housing market is still valued as having a bubble of 10%-20% above value, we continue to devalue the dollar by printing money, and our consumption rate is much greater compared to what we are producing.&nbsp; Some believe that the best thing to happen for the long run economy of America is that we go ahead and let the economy collapse.&nbsp; Right now the economy is on life support, and if we pull the plug, we can finally start forging ahead.&nbsp; We are still a self-sustaining nation and could get by with fruits and veggies in our backyard if need be =/.&nbsp; As far as politics the Joint Committee on deficit reduction is in a quagmire.&nbsp; You have 12 highly skilled economists, but 6 believe in an democratic approach, and 6 believe in the republican approach.&nbsp; I’m not sure how politically motivated their decisions will be, but there has been a lot of pressure put on them, and I doubt they’ll make much headway minus some slashing in entitlements.&nbsp; Many believe that Republicans actually want the economy to collapse, because this would be their ticket to come into complete power, as in both house, white house, and even a shift in the senate.&nbsp; The problem with this is, if republicans take over and have no problem implementing policy their would be great social unrest.&nbsp; As soon as entitlements were slashed (SSN, Welfare, ECT..) people would go bananas.&nbsp; This would cause another paradigm shift towards a democratic approach.&nbsp; </p><p>I don’t think global warming is that much of a current issue, as much as reduction on reliance of oil.&nbsp; If you look at the past 5 recessions oil prices had a hand in each of them.&nbsp; It’s not so much that the price of oil hurts the pocket book, and people spend less, but it is the sheer amount of currency that is taken out of the system.&nbsp; When oil prices skyrocket the money is taken out of circulation and held for savings in overseas banks.&nbsp; Billions and billions of dollars.&nbsp; </p><p>All in all I believe in an Austrian economical based approach to the economy.&nbsp; I also believe that my generation has turned into the “entitlement generation,” and that we are currently in the age of over consumption by non production.</p><p>How does this equate to gold and silver?&nbsp; Once again I think that Silver, and silver coinage are a great investment.&nbsp; The government continues to try to inflate the dollar through things such as quantitative easing, and the green backs will be worth nothing compared to physical silver in 15 years or so.&nbsp; Silver is a precious metal, and we have a climbing world population with a limited amount of resources.&nbsp; It can also be stored, and can’t be inflated.&nbsp; I believe after the economy climbs out of the next recession/depression silver will be very strong!&nbsp; Enough about that.&nbsp; Just my opinion.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in