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Re: British WILL have to face up........
but no one seems to care...Originally posted by Mega View Post
Gold in British pound sterling daily -
Re: British WILL have to face up........
No evidence anywhere, not in the UK, not in Canada, not in America, not in any country that Keynsian economics nor supply-side economics works. It is all nonsense, and it originated from the idiots teaching in the economics departments of our major universities.
Meanwhile, the worldwide depression continues, and the unemployment rate in the U.S. may soon go above 10%. And as deficits mount, the integrity of paper money will come into question. Already, we can see oil, gold, and commodities replacing currency on world markets.
The putz from Princeton was warned by the Bank of Japan that Keynsian economics was a complete failure in Japan and not to try that kind of economics because it doesn't work. But our putz, Bernanke, continues to spend trillions of dollars on bail-outs and rescues, monetizing the deficit, and trying to rescue the decades over-priced housing market.
Students in universities need to get up in class and challenge the economics curriculum, and this challenge should have come decades ago. Otherwise, Britain and Japan, Canada and America, Australia and New Zealand, all of Euroland are going to sink deeper into depression and never find a way out of this mess.
Finally, Obama should ask the putz from Princeton to resign and replace him with Paul Volcker, even at age 82. Otherwise, the failure of Bernanke's entire policy may drag the Democrats down with it.Last edited by Starving Steve; June 23, 2009, 07:07 PM.Comment
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