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View Full Version : Max Keiser on the unemployment numbers



Peter1469
05-05-2012, 03:25 PM
http://www.youtube.com/watch?feature=player_embedded&v=3bxcyZYa5Hs#!

MMC
05-05-2012, 03:35 PM
Looks like overseas markets and their economists say the US growth is slow and appears to be stalling.

Peter1469
05-05-2012, 04:09 PM
To much debt and no hint that Congress gives a crap about it.

Chris
05-05-2012, 04:10 PM
About the only one taking the unemployment 8.1% seriously is Obama and his campaign.


Congress is like a deer in the headlights.

Peter1469
05-05-2012, 04:14 PM
very true

Chris
05-05-2012, 04:42 PM
Whoever said "This is the Hard Core of Freedom" by Elmer T. Peterson in The Daily Oklahoman (9 December 1951): "A democracy cannot exist as a permanent form of government. It can only exist until the majority discovers it can vote itself largess out of the public treasury. After that, the majority always votes for the candidate promising the most benefits with the result the democracy collapses because of the loose fiscal policy ensuing, always to be followed by a dictatorship, then a monarchy." was right.

But eventually the government bubble will burst.

Peter1469
05-05-2012, 04:53 PM
America is reaching the end of that cycle now.

Chris
05-05-2012, 05:27 PM
Too big to bail. But you argue she could just default on her debts (I forget if that's the term you use).

Peter1469
05-05-2012, 05:39 PM
Too big to bail. But you argue she could just default on her debts (I forget if that's the term you use).America has two choices:

1. inflate out of debt (that is an obvious problem due to the amount of debt
2. default.

Of course we could mix the two. I have said before that we could default on the debt that we owe ourselves (almost the largest part of the public debt) without any real consequences.

But part of this default is in the private sector. We simply have to stop bailing out these unsustainable too big to fails (banks and corporations). The market can't work when unsustainable business models are kept on life support.