patrick.net

Sorry that the article didn't say how many of these were Republicans.

This is how Obama saved the economy. Someone had to pay:

Now that prices went back up maybe homebuyers will want to start borrowing again and take the relay?

That graph is amazing. Never understood it before.

And the idea that debt is used to control the population one way (your house) or another (education) seems correct to me.

Control may be a part of it, but more prosaically: someone has to up take the fucking debt - otherwise the federal government would have to do it in your name.

Debt is the tool used to control everything.

Everyone here should read (or at least watch) The Money Masters.

Debt & Credit in a full fiat currency reserve system as our economy/financial system is (and all developed nations with central banks are) essentially had to go off of any monetary system that has currency tied to inherently valuable goods/things (i.e. oil, gold, wheat...whatever) because all of these things have outer limits in terms of ultimate supply and capacity, whereas faith-based paper/coin fiat can be produced endlessly.

All developed nations now consume more than they produce, have severe over-capacity in terms of production leading to inherent aggregate demand/supply imbalances, and even 'cooked' (i.e. fake)'nominal economic growth can't be shown without resorting to growing the credit/debt (they are interchangeable) supply, or money supply, which inevitably results in a boom-bust continual economic cycle (see Hayek).

It would be nice to see the doe memo itself rather than the WSJ interpretation. I wonder why the WSJ didn't provide a link? What are they hiding in their numbers?