START A PETITION 27,000,000 members: the world's largest community for good
START A PETITION
x
Group Discussions
1 year ago

watched the first 10 minutes of the first video. What shyte. free reign to misinterpre as much data as one wants to. Choose starting points and ending points as if their arbitrary.

Terrible.

1 year ago

http://market-ticker.org/akcs-www?get_gallerynr=3777



This post was modified from its original form on 26 Mar, 19:09
1 year ago

Notice thaat in the above chart, GDP increases in nominal terms are flat even  though debt increases are surging?  Since debt is not subtracted from GDP "growth".  even moderate increases in the GDP are the result of massive increases in debt.  This is what actually caused the crash in 2008.  If you are actually factoring the increase in debt? 

>

"This graph is very simple.  It represents, from Fed Z1 and BEA GDP data, the gross amount of change, in dollars, for each quarter in both debt outstanding across all sectors of the economy and the gross change in domestic output.  You will notice that for each quarter up until the crash there was never a change in output for even one three month period that was not simply bought on a credit card.

That is, the real change is negative becasue otherwise you are counting a given dollar twice!"  http://www.fedupusa.org/2013/03/the-failure-of-debt-leveraged-faux-growth/

1 year ago

http://market-ticker.org/akcs-www?get_gallerynr=4073

Factoring in debt
1 year ago

"The reason there is no economic growth to speak of is that the convergence point is in fact right near zero!  As you can see post 2007 when the crash occurred every time you try to start spiking credit creation upward again the economy turns south in nominal terms.  You saw it in 2010 and now you’re seeing it again as the early 2012 credit spike has led to a collapse in nominal GDP.

The monetary and fiscal authorities are trying to restart what they did from the 1980s through 2007 but it is not working.  It is not working because it cannot work; the consumer is debt-saturated and either unwilling or unable to lever up while making the payments, even temporarily, and every time this is attempted the economy responds by contracting."  http://www.fedupusa.org/2013/03/the-failure-of-debt-leveraged-faux-growth/

1 year ago

This can take a long time to play out.  In the EU, for example, the debt burden is now past the point where many of those nations can service it. 

1 year ago

Huh... Chile didnt answer your question, Rhonda.  He must be very busy.

This thread is archived. To reply to it you must re-activate it.