Monday, April 6, 2015

KARL MARX WOULD BE SO PROUD

If We're Going To Borrow Against The Future, Let's Borrow To Invest
The are much better ways to spend the next $1 Trillion
by Chris Martenson

These brainiac "solutions" come from here, where Richard Duncan explains that if the central bank buys government bonds (debt) and the government (taxpayers) pay low interest, and the central bank gives the interest (profit) back to the government to reduce deficit spending, it's a self-sustaining merry-go-round! "Quantitative Easing, effectively, is debt cancellation." (33:30) 
At least until confidence is lost and the whole thing crashes and burns. Ooops.
I can hear the hogs squealing at the trough already.

1 comment:

  1. Just more dickheads who think that because they can easily turn the original meaning of the word investment into something that means the exact opposite, then surely traditional math and accounting principles can (and should) be contorted with equal ease.

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