Last blog posts
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News and commentary: Old news but worth discussing...
Mon 21 of Jul, 2008 [16:20 UTC]
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| 2) |
News and commentary: Beating at airport
Sat 12 of Jul, 2008 [05:17 UTC]
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| 3) |
News and commentary: WA governor claims taxes to rise only "as last resort"
Sat 12 of Jul, 2008 [04:41 UTC]
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News and commentary: Pentagon complicity in Korean War horror
Fri 11 of Jul, 2008 [05:15 UTC]
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News and commentary: Gordon Brown feasts after telling Brits to cut back
Tue 08 of Jul, 2008 [07:10 UTC]
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| 6) |
News and commentary: Forget the propaganda: Mugabe not so unpopular
Mon 07 of Jul, 2008 [07:21 UTC]
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| 7) |
News and commentary: Seattle PI editorial regarding USA's crumbling infrastructure
Sun 06 of Jul, 2008 [05:10 UTC]
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| 8) |
News and commentary: South Africa Miners' Union sets Aug 6th strike date
Fri 04 of Jul, 2008 [04:29 UTC]
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| 9) |
News and commentary: Taxes still soaring
Fri 04 of Jul, 2008 [04:18 UTC]
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| 10) |
News and commentary: Wow, did Obama really kiss Bill's backside?
Tue 01 of Jul, 2008 [04:35 UTC]
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Forums-> Economic discussions-> Re: Re: Re: Death-watch for Fannie Mae and Freddie Mac?
twocentseditor
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Re: Re: Re: Death-watch for Fannie Mae and Freddie Mac?
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Good point Atash; I am also of the opinion that contrarians, Austrian and anyone who questions the status quo will eventually be blamed. After all, doesn't it make sense for the ones in power to blame the powerless (ie: US!!!)
> > Great find Atash!
> >
> > Nice succinct comment, editor. That's what we have come to expect from you.
> >
> > This little recession is going to be comparable to the Great Depression. That's the best case scenario where everybody gets the Austrian religion.
> >
> > The worst case scenario is where everybody worships FDR & Keynes. In that case, the currency collapses as they try to inflate insolvency (and bad loans) into triviality.
>
> Mike, I can help you out here. What will NOT happen is that that everybody gets the Austrian religion, although some current infidels might wake up.
>
> Think about human psychology. My money is on that they actually BLAME guys like us for
>
> * trash-talking the economy (they'll claim our bad attitude sabotaged the economy--no kidding)
> * not doing enough to save the economy. Not going far enough. Not enough bailouts, interest rates weren't lowered (or raised, depending upon whether inflation or insolvency gets the biggest exposure!!!) fast enough, etc.
>
> As they say, think like a criminal. What better way to introduce draconian new legislation, than in a crisis.
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