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<p>[QUOTE="fatima, post: 1336096, member: 22143"]You don't have any worries. "Stimulus" is a euphemism for taxing the public and then handing over the proceeds to a select segment of society to do something, hopefully positive, with it. In essence it's taking wealth from one part of society and handing it to another. In other words it's government picking the winners and losers in an economy, but when has this ever worked? The Soviets learned this, and every single "stimulus" scheme that has been tossed out over the last 5 years has failed to do anything. Bush $100 checks, Cash for Klunkers, TARP, First Time Home Buyer giveaway, etc etc etc, only serve to protect the entrenched interests and political donors. </p><p><br /></p><p>and solutions to fix the economy won't be coming from the government, or from that secret meeting room of old men who never held a real job in their lives otherwise known as the Federal Reserve Board of Governors. Creation of Boom/Busts. However, the Fed has blown its wad and has nothing left. There isn't much that can be done once they reduce interest to 0% except to deceive, obfuscate, change rules, and lie in hopes of kicking the can far enough down the road while waiting for a miracle. It will never come because there is nothing left now but bust. </p><p><br /></p><p>Raising interests rates, significantly, is one of the things that should be done to fix the issue. They won't do this because it will destroy a number of TBTF institutions and force people to live within their means. No politician will support this because the current generation has been taught to believe that free credit is a "right". </p><p><br /></p><p>So IMO, gold and silver continue to be very good <u>long</u> positions to take but only if you take physical control of it. MF Global should be a clear warning that when you let the banksters hold your stash, they will run off with it and the government doesn't care.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1336096, member: 22143"]You don't have any worries. "Stimulus" is a euphemism for taxing the public and then handing over the proceeds to a select segment of society to do something, hopefully positive, with it. In essence it's taking wealth from one part of society and handing it to another. In other words it's government picking the winners and losers in an economy, but when has this ever worked? The Soviets learned this, and every single "stimulus" scheme that has been tossed out over the last 5 years has failed to do anything. Bush $100 checks, Cash for Klunkers, TARP, First Time Home Buyer giveaway, etc etc etc, only serve to protect the entrenched interests and political donors. and solutions to fix the economy won't be coming from the government, or from that secret meeting room of old men who never held a real job in their lives otherwise known as the Federal Reserve Board of Governors. Creation of Boom/Busts. However, the Fed has blown its wad and has nothing left. There isn't much that can be done once they reduce interest to 0% except to deceive, obfuscate, change rules, and lie in hopes of kicking the can far enough down the road while waiting for a miracle. It will never come because there is nothing left now but bust. Raising interests rates, significantly, is one of the things that should be done to fix the issue. They won't do this because it will destroy a number of TBTF institutions and force people to live within their means. No politician will support this because the current generation has been taught to believe that free credit is a "right". So IMO, gold and silver continue to be very good [U]long[/U] positions to take but only if you take physical control of it. MF Global should be a clear warning that when you let the banksters hold your stash, they will run off with it and the government doesn't care.[/QUOTE]
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