Quote:
Originally Posted by MattJustin
I Agree somewhat with TheDoc.. but the stimulus will not change anything.. spent or not spent.. We are still in the middle of a crash and its likely to get far worse before it gets better if the gov't doesn't do the right thing and deleverage debt worldwide. It the only thing that makes sense.. Its being proposed by Nassim Taleb the author of the BlackSwan. He has been right so far so with his predictions and his hedge fund did very well in 2008.
Watch him discuss this: http://video.aol.com/video-detail/sq...nomy/493834694
I also didnt say we need to make the audit public right away, we just need the fed to be honest and not print extra money because they want to |
We for sure didn't need a stimulus plan... an "unscrew your state plan' and we will give you money, would have worked far better.
His theory on changing dept to equity is rather unique. States could do this really easy. but that would give the Gov direct ownership of the state... That would be bad a thing.
But having a helping hand for Corps, which are already in a Gov Vice... it may work.