Comments on: My Take on Why we are in a Recession; and My Solution to get us Out of the Recession. https://bikerlawblog.com/my-take-on-why-we-are-in-a-recession-and-my-solution-to-get-us-out-of-the-recession/ Biker and Motorcycle Accident Lawyer, Top Biker Lawyer, Biker Attorney, Motorcycle Accident Lawyer, Motorcycle Accident Attorney, Legal Issues, Safety Tips, Videos, Links to Motorcycle and legal sites, Motorcycle Ride Reports and General Personal Injury! For a Free Consultation on Your Motorcycle Accident Case, Call 800-816-1529 x. 1 Sat, 03 May 2025 23:42:01 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Harvey Meyer https://bikerlawblog.com/my-take-on-why-we-are-in-a-recession-and-my-solution-to-get-us-out-of-the-recession/#comment-10440 Sun, 23 Jan 2011 23:44:28 +0000 http://bikerlawblog.com/?p=1504#comment-10440 Price of oil? No.

The need for oil is so ubiquitous across all economic
levels,that by default, an average value is maintained across the broader economic spectrum. One section of
the economy, such as manufacturing, would have to be
adversely targeted by a sudden spike in prices over
an extended period of time in order to register a
serious downturn.

The source of the recession is money supply: we cannot afford Wall St. and hedge funds which exist
only on margin buying and stock price-spread bets.
None of these financial geniuses actually buy the
stock at sale value and hang onto it for 48 hours.
That’s for ordinary stupid people. These transactions, where no one is compelled to pay the full price for anything, represent billions of
dollars moving back and forth in the blink of an eye;
no money actually stays any where to support things.
Money is always moving out, never in, Mr. Obama will
not be able to fix it.

Secondly, ordinary folks working, live life in
increments of $10,000. This amount is required for
two months to maintain an upper middle class lifestyle. If it is interrupted for longer than two
months, that`s trouble. One cannot recover
if our entire financial picture is debt repaying on
installments. Mortgage is just another installment.
The jobs that permit this arrangement are not being
created and are not being brought on line. There is
a very big chance they never will again.

If I have a mortgage and I roll my $50,000 credit card debt into a second mortgage and still keep my $50,000
credit limit, well I’m leaving nothing for my kids
to inherit. I`m just paying and paying.

Because of these kind of unregulated financial practices, cash flow at the bottom of the millionaire pile has evaporated. Swing to the left,
swing to the right and there`s no room to manouevre.

Oil is fine, that price will come down once OPEC wakes up and smells the coffee.

Sincerely

Harvey Meyer

all

]]> By: Kit https://bikerlawblog.com/my-take-on-why-we-are-in-a-recession-and-my-solution-to-get-us-out-of-the-recession/#comment-8861 Tue, 21 Dec 2010 00:17:58 +0000 http://bikerlawblog.com/?p=1504#comment-8861 Norm,
Well, so why is the price of oil exploding? The answer is, the prices are not artificially high, the value of the dollar is falling because the federal reserve is inflating (debasing) the currency. All commodities prices are rising as a hedge against this debasement. Look at gold and precious metals.

Forget the New New Deal, without balanced budgets America is sunk. In order to get our house in order we need to bring home all of our troops, saving $1 trillion a year, do away with much of our social welfare and live within our means. We cannot afford to invest in infrastructure, we’re broke!

If you want to learn about sound money and honest economics, I suggest http://www.mises.org as a good place to start. I also like http://www.lewrockwell.com.

]]>