Users Online Now:
GLP Poker Rooms
GiveMeGossip.com - Gossip Forum
Donate To GLP
Back to Forum
Back to Thread
REPLY TO THREAD
THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Marxist:MV8xNTc4NDI2XzM0NzI5NTc1XzE3RTAzN0Qz] [quote:RoXY:MV8xNTc4NDI2XzM0NzIyMDg3X0FGQkMwRkRB] [b] Top Economists Told Obama that Economic Recovery Required a Reduction In Private Debt[/b] By Washington's Blog November 24, 2012 [b]But Obama and His Economic Team Chose the Big Banks Instead[/b] We’ve extensively documented that too much private household debt is killing our economy. While Ben Bernanke and other economists who are running our economic policy literally believe that the amount of private debt doesn’t matter and isn’t even important to quantify, economists at the “central banks’ central bank” – the Bank of International Settlements – and many other leading economists say that high levels of private debt create a tremendous drag on the economy. And Obama can’t plead ignorance. Business Insider notes today: A number of economists privately told Obama that his recovery policies were weak in one key area: They didn’t do enough to address the mountain of homeowner debt. The Washington Post reported yesterday: One year and one month before President Obama won reelection, he invited seven of the world’s top economists to a private meeting in the Oval Office to hear their advice on what do to fix the ailing economy. “I’m not asking you to consider the political feasibility of things,” he told them in the previously unreported meeting. There was a former Federal Reserve vice chairman, a Nobel laureate, one of the world’s foremost experts on financial crises and the chief economist of the International Monetary Fund , among others. Nearly all said Obama should introduce a much bigger plan to forgive part of the mortgage debt owed by millions of homeowners who are underwater on their properties. [b]CONTINUE: http://www.globalresearch.ca/top-economists-told-obama-that-economic-recovery-required-a-reduction-in-private-debt/5312818[/b] [/quote] This is the leading paradox of capitalism. As the momentum of capital picks up pace in its spread across the globe, it is accompanied by a rise in private debt which signifies a transfer of wealth. Those "capitalist" economists who prescribe a reduction in this private debt are in fact prescribing capital's anathema, it's limitation and circumscription. That of course is impossible as the very logic of our consumer society is the foundation stone for capital's deepening momentum. Of course, the debt also reminds us of the Great Collapse which lies ahead, many decades away it must be said and not in our lifetime. [/quote]
Economic Armageddon and You
Wondering about the American economy? This animated video explains inflation, stagflation, recession and more, all in 5 minutes.
NB: UPDATES AT LAST PAGE
Pictures (click to insert)
Big Round Smilies
Aliens and Space
Friendship & Love
Misc Small Smilies
View All Categories
Next Page >>
Medicare for all: Bernie Sanders calls for single-payer health system
For the first time ever, scientists spot an aurora outside our solar system
Will the Internet listen to your private conversations?
The Military Will Test a New Terrifyingly Loud Noise Directed Energy Gun
University of California offers six choices for 'gender identity'
Hackers Claim John McCain Knew ISIS Execution Videos Were Staged
Why Are They Hosting a Weird Occultic Dance Opera Inside CERN?
Seattle’s Nanny State is “Deputizing Trashmen as Secret Police” to Snoop Through Wastebins
Chattanooga Hoax? Victim Reported Dead Years Before Shooting
European Researchers Warn the World of the Dangers of Climate Engineering
New Legislation Would Place Breathalyzers in All New Cars
Transhumanist Candidate Wants “Brain Implants to Manage Violent Actions of Prisoners”… And Society
Are Salmon Dying from Hot Water in Northwestern Rivers, Or Could It Be Something Else?
New Online Petition Seeks to Make Traffic Fines Based on One’s Income
Edible Vaccines: What’s in your Banana?
Gold Manipulation: It’s Much Bigger Than You Think
ALEC Behind Recent Push For Mandatory Vaccination
American Town is Cell Phone and Wi-Fi "Quiet Zone", Sanctuary for EMF Sensitivity
DO YOU EVEN KNOW WHAT KIND OF MILK YOU`RE DRINKING AND WHAT THE NUMBERS ON THE PACKAGING MEAN
Talcum powder is Linked to Ovarian Cancer. Shocking Reasons to Stop Using It Immediately
Euthanasia Vans Could Deal With Old People In The UK
Video: Norway Builds First “Bee Highway”
Humans Are Not From Earth, Scientist Says Aliens Brought Us Here
Grown men and women in uniform are using social media to bully others, and the Army is now looking to catch them in the act.
Google Want To Record Your Entire Life And Make It Searchable
This Flag Represents The Principle, "Fight For What You Believe In."
This Is The Rebel Flag, "You're Either Free Or You're Not."
Disclaimer / Copyright Info
with questions or comments about this site.
"Godlike Productions" & "GLP" are registered trademarks of Zero Point Ltd. Godlike™
Website Design Copyright © 1999 - 2015 Godlikeproductions.com
Page generated in 0.007s (12 queries)