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<p>[QUOTE="fatima, post: 1274829, member: 22143"]This is what I meant by disruptive changes to the financial structure of the USA. Dont expect this anytime soon. </p><p><br /></p><p>Too much cheap credit destroyed the economy. It began with the dot-com boom and then jumped to real estate. All while we were exporting our only wealth creating part of the economy, manufacturing, to other countries. So how do they attempt to fix a problem caused by too much cheap and irresponsible credit, oh, by making it even cheaper and more irresponsbile (goverment now takes the risk). If it were a hollywood script nobody would believe it, yet here we are an entire nation suffering from mass delusion because nobody can accept the fact "we" have been living in a financially unsustainable manner. It's pretty simply what caused the ongoing failure and pretty simple what needs to happen to fix it. Yet this isn't happening because it means drastic changes to the status quo and the status quo isn't ready to let go. </p><p><br /></p><p>The entire concept put forth by the mainstream media that we are nothing but "consumers" should be offensive yet it's so engrained in the consience now that we have holidays devoted to the concept. i.e. Thanksgiving-Black Friday, Shopping Monday, etc. These things didn't exist a generation or so ago. No economy can exist on consumption. It's production that produces jobs. Yet when do you hear them talk about that now?</p><p><br /></p><p>FDR's solution's of the 1930s were ineffective and led to a decade of more stagnation and they are being repeated again except that we have abandoned the good part of FDR's solutions. So in the long term, PMs will continue to be a good buy.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1274829, member: 22143"]This is what I meant by disruptive changes to the financial structure of the USA. Dont expect this anytime soon. Too much cheap credit destroyed the economy. It began with the dot-com boom and then jumped to real estate. All while we were exporting our only wealth creating part of the economy, manufacturing, to other countries. So how do they attempt to fix a problem caused by too much cheap and irresponsible credit, oh, by making it even cheaper and more irresponsbile (goverment now takes the risk). If it were a hollywood script nobody would believe it, yet here we are an entire nation suffering from mass delusion because nobody can accept the fact "we" have been living in a financially unsustainable manner. It's pretty simply what caused the ongoing failure and pretty simple what needs to happen to fix it. Yet this isn't happening because it means drastic changes to the status quo and the status quo isn't ready to let go. The entire concept put forth by the mainstream media that we are nothing but "consumers" should be offensive yet it's so engrained in the consience now that we have holidays devoted to the concept. i.e. Thanksgiving-Black Friday, Shopping Monday, etc. These things didn't exist a generation or so ago. No economy can exist on consumption. It's production that produces jobs. Yet when do you hear them talk about that now? FDR's solution's of the 1930s were ineffective and led to a decade of more stagnation and they are being repeated again except that we have abandoned the good part of FDR's solutions. So in the long term, PMs will continue to be a good buy.[/QUOTE]
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