which are? Dude you have made now numerous claims on a few pages and when you were questioned you shut up others with comments such as "you have issues with facts?". Point to detailed examples to support your claims or risk being coined a clown.
No problem, dude. I'll give you an example: Milton stated that much of the economic devastation during the Great Depression was caused by one bank (The Bank of New York) not being rescued. At the same time Rogers keeps quoting Milton's economic approach while not advocating the propping up of banks. Go on youtube and find the video. One reporter actually had the balls to call him on his BS. Rogers is either senile or a mouth piece. The proof is there. Period.
It has nothing to do with free market vs. no free market. The argument is simple: There simply won't be enough consumers of assents to keep them at their previous price levels. It could get even worse. It is pretty clear that health care benefits will have to be cut, since these are weighing on the US's credit rating. At the same time you have 60%+ obesity in the US (the rest of the world isn't far behind either). Do you really expect the life expectancy (population) to keep rising? I don't see how. This is a post-boomer issue and could cause another demographic gap that would make the deflation in Japan look like a walk in the park in comparison.
It's Sunday time for a beer a few laughs. <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/s9ZlxsEioUA&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/s9ZlxsEioUA&hl=en&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object> Better still!!! <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/MzH62hUua3s&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/MzH62hUua3s&hl=en&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>
Might you be talking about the <a href="http://www.safehaven.com/article-9335.htm" target="$">Bank of United States?</a>
This is 100% opposite to what has been happening. The debt is being DE-MONETIZED. You don't have to look any further than the recent G20 actions to see this trend is not only real, it is about to become institutionalized and "permanent". The US has lost its ability to fund its own debt in its own currency. The details on "what's next" remain to be worked out but they all have the same consequence - the de-monetization of US debt and significant deflation in the US economy. I respect your right to disagree, differences make a market, etc. Time will tell which analysis is closer to the mark.