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Aren't we in a serious recession?
In a normal classical recession both prices and wages go down. But when you print fiat currency and hand it out via all kinds of government programs, this drives up prices and wages. So we may actually be in a really serious recession that is being artificially pumped up to make it look like steady prices and wages. Isn't this an insideous and criminal practice that will lead to a horrible end?
Richard: Sorry, China Japan and US citizens have stopped buying US govt debt. The Federal Reserve is buying the debt with paper money earned by no-one. It is just fiat money.
iFrat: sorry, they are counting government spending as part of the GDP. This is ridiculous. This makes it "look" like we are not in recession. Garbage data in garbage results out.
4 Answers
- Phoenix QuillLv 78 years agoFavorite Answer
No doubt it's just a little bump.. like the Titanic had with that iceberg.
- Anonymous8 years ago
NO we are slowly coming out of a deep recession
we are NOT printing "fiat currency"
if anything we are issuing IOUs to people who have surplus cash and are fully confident they will be repaid
it is possible to go into excess debt like Greece where nobody actually pays the taxes needed to keep the government solvent
america is nothing like that no matter what the Cons and Boehner are saying
look at american history we have had debts and repaid it by growth
Source(s): adult educated - 8 years ago
You ain't seen nothing yet! :-( 'artificially pumped' is what the few that make decisions for millions are good at.
