Why the Economy is Failing in 200 Words or Less

[Geronimo]

I know that I can't sum it up in under 200 words. Can it even be done?
The reason I ask is that a lot of papers letters to the editor section has a 200 word limit.

I'm amazed when I see the length and clarity of some people's posts and wonder why people don't write more letters to the editor of their local papers. But then I realize that it usually takes more than 200 words to get a point across.

 

[tod evans]

because as a nation we consume more than we produce.

 

[Conza88]

Why the Economy is Failing.

Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve. Federal Reserve.

200 words.

 

[jointhefightforfreedom]

The ever growing absense of personal freedom and personal liberty gives rise to socialism and Democracy (A dictatorship by the majority).

Long live the republic!

 

[Todd]

All of the above...plus

We encourage spending and going into debt instead of savings. Just watch any TV commercial that show's happy people swiping credit cards, but when someone dares use cash...The party is over.

 

[OptionsTrader]

This is tempting, I'll give it a shot later.

 

[acptulsa]

The "system" is based on spoiled brats gambling and using their winnings to buy Ferraris. When they lose, they can't afford their Ferrari insurance and they panic. When they panic, the Dow drops like a balloon that lost it's source of hot air.

That's why the neocons won't help those whose jobs were outsourced, but has a welfare system for Ferrari owners.

 

[Working Poor]

Power hungry elitist and lazy unaware people.

 

[kpitcher]

I'd go with the expanding credit all the time.

Now even the Fed has extended has got into the credit game. The newest changes are the 'overnight' rate can now reach 90 days, non traditional banks can borrow from them, and they will take anything as collateral - including the sub prime mortgages that no one else wants. It's a damn scary thought to wonder what things will look like in 3 months when the first of these 90 day loans come due.

 

[cpaulwin]

If we were on the gold standard and had no tax on labor, we wouldn't need credit. We would all be rich enough to buy whatever we wanted. Or it wouldn't take too long to save up for that Ferrari which would probably cost much less.

 

[manny229]

All of the above...plus

We encourage spending and going into debt instead of savings. Just watch any TV commercial that show's happy people swiping credit cards, but when someone dares use cash...The party is over.

I've seen those commercials, its been my experience that credit/debt cards take longer time to process than cash. They usually have to swipe it more than once, enter then pin, then wait for processing, (if the cashier remembers to hit send) then sign on the keypad (if credit card). People always make mistakes during this process. I'm always happy when the person ahead of me uses cash. I get anxious when I see the them pull out plastic.

 

[gilliganscorner]

Your post is an interesting one.

To do it in 200 words, one has to use words that pack the most meaning. Unfortunately, those words are usually beyond the general public vocabulary.

Remember that your average voter looks like this:

 

[VIDEODROME]

I feel like American has become a giant version of the Enron collapse.

 

[-lotus-]

All of the above...plus

We encourage spending and going into debt instead of savings. Just watch any TV commercial that show's happy people swiping credit cards, but when someone dares use cash...The party is over.

perfect example.
http://youtube.com/watch?v=Xy_PxLw1B_c

 

[micahnelson]

To the tune of "Do your ears hang low"

When Congress is in a Bind,
with a Bill they want to sign
But haven’t got the cash so they can’t sign the dotted line.
There’s no need to give up yet,
They just Monetize the debt
A fancy IOU will keep the books all set.

The Treasury issues a Bond
And it doesn’t take too long
For the Federal Reserve to find its way into our song
They put the Bonds into their stash,
turn the value into cash,
Thats how debt turns into dollars for the Congress in a flash.

But in case you weren’t aware,
The Fed doesn’t stop there.
For each dollar they give congress they pull 9 out of the air.
This gives banks the green light
to make loans out day and night
Collecting interest fees for nothing with no end in sight.

Though the Fed, you See
Is a private entity
They control all of the banks that are used by you and me.
For every dollar you put in,
The bank can loan out ten,
And they’ll never have a bank run, they can print it on a whim.

So it should come as no surprise
when you see the prices rise
The Market is reacting to the currency supplies.
Wages don’t keep up the pace-
So we work harder to replace,
The spending power taken by this financial disgrace.

 

[ThePieSwindler]

Subprime mortgage crisis, and fear in the financial markets feeding upon itself - investors and investing institutions lose billions, and the common man loses his house, and the banks (commercial and investment) also lose alot of money. It happens to be happening at the same time as a sharp rise in commodity prices, which will be pushed even higher in a few months when the inflation from the Fed trying to decrease the discount rate (i.e. print money) sets in.

 

[dbhohio47]

Greed and/or apathy. (is that 3 words or 4?)

 

[snpage]

A foreign policy that blows. A war based on a false flag. Trade deals that are imbalanced to say the least. I use to think it was bologna that folks said the elite own every thing. The more I read the more know, they are right.

 

[snpage]

Your post is an interesting one.

To do it in 200 words, one has to use words that pack the most meaning. Unfortunately, those words are usually beyond the general public vocabulary.

Remember that your average voter looks like this:

This describes so many people. Oh goodnes. We ARE screwed.

 

[tod evans]

come on ya`ll....the question was;

"Why the Economy is Failing in 200 Words or Less ?"

the fed, stockbrokers, bankers, ect. only manipulate what`s actually produced and we haven`t produced for a long time.
if we`re going to have any type of a productive economy, one where futures can be traded or stock bought-n-sold we`ve gotta produce something tangible.
the world can`t eat information!
our society has degraded into folks who peddle others wares and sometimes ideas....
if you can`t touch what you`ve produced at the end of your workday then you`re a drain on those who are keeping this country afloat...
think about it.