Comments on: Understanding the Big Economic Picture – Debt and Money

By: Robert Caron

Robert Caron — Sat, 28 Nov 2009 02:21:49 +0000

I love what you guys do.
I can put forward my assets.
Can we design a business model?
Sincerely yours,

Robert Caron
CEO
Rewind Clinic / Rewind Medic

By: David VanAmburg

David VanAmburg — Tue, 20 Jan 2009 07:57:34 +0000

Danny, I do promise to talk about fiscal policy over the coming weeks, both from the big picture, and as it relates to us as individuals, investors, businesses and communities. Devaluation or erosion of money value through the hidden tax of inflation has been with us for decades. Unfortunately, actions of the past months have practically insured major inflation within the coming 1 to 18 months. And the Federal Reserve's recent action as bank of last resort in purchasing debt from our creditor countries seems to leave us in worse position.

I remain hopeful that the incoming administration will understand the impact of both fiscal and monetary actions, but we have not heard that discussion yet. So we will address, particularly from the perspective of how does the business owner, the householder or the community retain their small accrued wealth in the midst of such a coming storm.

You bring much insight to readers, so I hate to see you limited to a few comments. If you have the interest, you are welcome to write a guest post for this blog. And if you have the time and desire, I would enjoy coffee at your convenience.

By: Danny Lucas

Danny Lucas — Tue, 20 Jan 2009 03:12:46 +0000

(3)
Last, the issue of corruption in government, business, and individuals will need adequate exploration to assure the masses of the globe that a workable commerce system can be efficiently restored.

Your comment on monetary policy, debt, bailout and macroeconomic policy is not only nerve wracking in truth, but assuredly the sign that leadership had no clue what to do pending government change. I hope the fiscal policy explanations are more encouraging to Thinking Big on resolution.

Best regards,
Danny Lucas

By: Danny Lucas

Danny Lucas — Tue, 20 Jan 2009 03:11:40 +0000

The other, FDR, sought to spend a way to prosperity and required world war to achieve the goal.
Today, we must preserve a globalized nation, instead of just a United States. Relationships are symbiotic forever. Humans need bacteria to live; bacteria needs humans to live. The globe is discovering that some of us are humans and some bacteria, but both need each other. China, the EU, and the USA may all collapse without the survival of each. Parasites have a way of needing hosts.
I think your audience should hear of the Fallacy of Composition in greater detail.
And, I believe a short foray, into the effect of perception is in order. (We do not stuff money in mattresses as long as we believe banks to be safe.) Reality is less relevant than perception.
Therefore, the quest for future wealth is wise to recognize future perceptions, as much as truth and reality.

By: Danny Lucas

Danny Lucas — Tue, 20 Jan 2009 03:09:30 +0000

(1)
Priorities must be established to resolve any crisis, David. To that end, a grand cup of coffee seems the first priority. I have dealt with the brew of choice elsewhere and a glimpse into a savory session may be found here:
http://rkaufman.wordpress.com/2007/11/02/commente...
I shall contact you seperately on a time and place.

I am a believer that opportunity exists for all, and at all times.
The recent economic tsunami eviscerated short selling as an option typically employed in a downturn. But anyone who believes GE stock will remain around $16 will miss a huge future profit. I would like to expand with your offer of more space on several key ingredients, as the rules change today. Obama is deciding if he wants to emulate Lincoln or FDR in policy. One preserved the Union and rid the evil drag of slavery, a process to incrreasing MY wealth with YOUR talent and labor. It was destructive. Yet, new economic slavery is being structured as we speak.

By: Danny Lucas

Danny Lucas — Mon, 19 Jan 2009 23:20:55 +0000

I hope you include as much information on Fiscal Policy as you have on Monetary Policy for this audience. It is irrational to save when Fiscal Policy devalues your money's worth; and it has!
A restructuring of tax policy is in order to change directions in behavior of the masses.
It would be like changing a barge on Lake Erie from full speed ahead to Cleveland, to a reversal direction to Buffalo. The ship will go to Ashtabula, OH before beginning to change directions due to inertia.

Additionally, we have globally, just learned the Fallacy of Composition, thanks to the exponential gasoline price increases all of 2008, and the Immaculate Implosion of those prices as a result.
The Fallacy of Composition has apparently NOT been taught to the Opec and Oil Company pros
And, it is missing in the Crash Course. Comments are tight here or I would explain the Fallacy myself. They still teach it at University these days..
Keep up the good work. I enjoyed Fenway under water.