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bill mcclellan
Joined: 28 Jan 2010
Posts: 43
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 Posted: Mon Apr 18, 2011 1:00 pm Post subject: JABIRU etc. Keep your ear to the ground. |
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Do not archive.
In deference to recent posts, a further off forum topic-line comment.
We are and will experience significant economic fallout ahead and this will have significant effect on our building and flying indulgence. There is significant and increasing "pressure behind the dam" toward world economic crises.
In the US we must realize it is ultimately our own, the voters, fault and probably won't get much better until enough of the "voting masses" understand enough (very large order) to force appropriate change...as opposed to allowing "band aid fixes", "kicking the can down the road" and favorable gifts to those corporations who made very bad business and investment decisions. There is no salvation in the Rep or Dem party in the US, neither will make the hard decisions. Though some difference between them, both are wholly responsible for the state we are in. Certainly time to re-evaluate the agenda and priorities within our two party political system.
Gov debt, how easily the word TRILLION rolls off the tongue in just a few years. Wall Street Banks, the FED, large corporations and politicians are all in bed together. We supposedly have separation of State and religion, how about separation of State and corporation, separation of State and bank. We have corporations, particularly banks, which were too big to fail...but they are now dangerously bigger thanks to Gov/Fed fixes and bailouts. "Toxic debt" from the last crisis is still within the system (corporations, banks and FED) though hidden with creative accounting practices, this with the blessing of Gov regulatory agencies. If they were required to "mark to the market" many would be insolvent.
An apt line I heard, "Gov should have a debit card, not a credit card". Why isn't it questioned when the Gov/Central Bank process, first creates the debt, then creates the money (currently called Qualitative Easing) to fund the debt. Gold's, and more recently, silver's assent against all fiat currencies, is the result of the money printing "solution" which all these Gov and central banks practice. The "system" continues to attempt to engineer the economy and by observation is not doing very well. What would we have in the US if we didn't have our main growth industry, Government. The size of each economic crisis grows with the commensurate growth in debt, leverage, economy engineering and money printing. Should we just stop and accept the explanation that each crisis is a temporary liquidity problem. What created the liquidity problem? The Gov/Central Bank system creates the excesses which precipitates the liquidity crisis and then the solution is even more of the excesses. If there wasn't "too much" debt, leverage and money printing could there be much of a liquidity problem. We must have each heard the analogy of solving an alcohol addiction with increasing doses of alcohol. It's becoming more and more apparent that the outcome will not be good.
OK, back to my build, getting close
Bill McClellan
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cjaussi(at)gmail.com
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| Posted: Mon Apr 18, 2011 1:12 pm Post subject: JABIRU etc. Keep your ear to the ground. |
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Very well said
On Mon, Apr 18, 2011 at 2:56 PM, William McClellan
<wilwood(at)earthlink.net> wrote:
| Quote: |
Do not archive.
In deference to recent posts, a further off forum topic-line comment.
We are and will experience significant economic fallout ahead and this will have significant effect on our building and flying indulgence. There is significant and increasing "pressure behind the dam" toward world economic crises.
In the US we must realize it is ultimately our own, the voters, fault and probably won't get much better until enough of the "voting masses" understand enough (very large order) to force appropriate change...as opposed to allowing "band aid fixes", "kicking the can down the road" and favorable gifts to those corporations who made very bad business and investment decisions. There is no salvation in the Rep or Dem party in the US, neither will make the hard decisions. Though some difference between them, both are wholly responsible for the state we are in. Certainly time to re-evaluate the agenda and priorities within our two party political system.
Gov debt, how easily the word TRILLION rolls off the tongue in just a few years. Wall Street Banks, the FED, large corporations and politicians are all in bed together. We supposedly have separation of State and religion, how about separation of State and corporation, separation of State and bank. We have corporations, particularly banks, which were too big to fail...but they are now dangerously bigger thanks to Gov/Fed fixes and bailouts. "Toxic debt" from the last crisis is still within the system (corporations, banks and FED) though hidden with creative accounting practices, this with the blessing of Gov regulatory agencies. If they were required to "mark to the market" many would be insolvent.
An apt line I heard, "Gov should have a debit card, not a credit card". Why isn't it questioned when the Gov/Central Bank process, first creates the debt, then creates the money (currently called Qualitative Easing) to fund the debt. Gold's, and more recently, silver's assent against all fiat currencies, is the result of the money printing "solution" which all these Gov and central banks practice. The "system" continues to attempt to engineer the economy and by observation is not doing very well. What would we have in the US if we didn't have our main growth industry, Government. The size of each economic crisis grows with the commensurate growth in debt, leverage, economy engineering and money printing. Should we just stop and accept the explanation that each crisis is a temporary liquidity problem. What created the liquidity problem? The Gov/Central Bank system creates the excesses which precipitates the liquidity crisis and then the solution is even more of the excesses.!
If there wasn't "too much" debt, leverage and money printing could there be much of a liquidity problem. We must have each heard the analogy of solving an alcohol addiction with increasing doses of alcohol. It's becoming more and more apparent that the outcome will not be good.
OK, back to my build, getting close
Bill McClellan
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grahamsingleton(at)btinte
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| Posted: Mon Apr 18, 2011 2:48 pm Post subject: JABIRU etc. Keep your ear to the ground. |
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Bill you are absolutely right.
QE is ;legalized forgery, borrowing money from our grandchildren. And it makes the lawer that sanctioned it into a criminal . (imho fo course)
Graham
From: William McClellan <wilwood(at)earthlink.net>
To: "Europa-List(at)matronics.com" <Europa-List(at)matronics.com>
Sent: Monday, 18 April, 2011 21:56:24
Subject: Re: Re: JABIRU etc. Keep your ear to the ground.
--> Europa-List message posted by: William McClellan <wilwood(at)earthlink.net (wilwood(at)earthlink.net)>
An apt line I heard, "Gov should have a debit card, not a credit card". Why isn't it questioned when the Gov/Central Bank process, first creates the debt, then creates the money (currently called Qualitative Easing) to fund the debt. Gold's, and more recently, silver's assent against all fiat currencies, is the result of the money printing "solution" which all these Gov and central banks practice. The "system" continues to attempt to engineer the economy and by observation is not doing very well. What would we have in the US if we didn't have our main growth industry, Government. The size of each economic crisis grows with the commensurate growth in debt, leverage, economy engineering and money printing. Should we just stop and accept the explanation that each crisis is a temporary liquidity problem. What created the liquidity problem? The Gov/Central Bank system creates the excesses which precipitates the liquidity crisis and then the solution is even more of the excesses.!
If there wasn't "too much" debt, leverage and money printing could there be much of a liquidity problem. We must have each heard the analogy of solving an alcohol addiction with increasing doses of alcohol. It's becoming more and more apparent that the outcome will not be good.
< Photoshare, and much much Navigator?Europa-List" target="_blank">http://www.matronics.com/Navigatorsp; - MATRONICS WEB FORUMS -
= --> [quote][b]
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