Tranzitioning the Great Recession - Latest Comments

CLARENCE SWINNEY [Visitor] in response to: What Happens When the Bottom of the U.S. Wealth Pyramid Collapses?

CLARENCE SWINNEY [Visitor] — Tue, 27 Dec 2011 16:04:56 +0000

INEQUALITY?
What is enough? Today wealth distribution is 85-15-0
20% own 85%--70% own 15%-10% own O%

Hear that scream from the heavens????
JESUS "WHAT THE HELL?"

James [Visitor] in response to: That 1937 Feeling All Over Again

James [Visitor] — Wed, 10 Aug 2011 00:20:48 +0000

We should learn from history but seldom do we. It would be easy to say that that senario in not relevant in todays society however lesson have been learnt and remembered.

Jay Fenello [Member] in response to: Money Creation, Destruction, Bankruptcy and Default

Jay Fenello [Member] — Thu, 26 May 2011 16:42:06 +0000

Hi John,

While we agree on taxes (it's a vehicle to retire debt, but not necessarily a result), we disagree on interest.

Considering my example above, after one year, the person who borrowed $5 now owes $6. If they only pay the $1 in interest, they still owe $5, but only $4 are left in circulation. That $1 in interest has been effectively retired from the money supply.

KingofthePaupers [Visitor] in response to: Money Creation, Destruction, Bankruptcy and Default

KingofthePaupers [Visitor] — Thu, 26 May 2011 12:35:18 +0000

Paying interest and paying taxes does not retire money from circulation. Only payment of loan principal does that. See http://johnturmel.com/bankmath.htm of youtube for How Banks Create Money

Anthony Hall [Visitor] in response to: Beyond Faith and Reason in the Great Recession

Anthony Hall [Visitor] — Wed, 29 Sep 2010 16:46:55 +0000

Dear Jay,

I didn't know what to expect after reading all the comments to your post, and to your responses. They are all over the board, even mine.

But what you have done here is astonishing. You were able to to connect them ALL.

Now I am a puzzle master; 5000, 10,000 piece puzzles, of a Caravaggio masterwork, don't intimidate me, I relish them.

However, that is nothing compared to this subtle grace of this masterpiece.

You managed to bring all 3 major religions to the table and showed their common bond: a formal educational practice. One, that for the most part, has been forgotten in Christianity.

And you did so with humble eloquence and not even a hint of of condenscension. It was so inviting. I hope all your the other readers enjoy it as much as I have. In fact, I posted it on my blog I liked it so much.

You won't see anyone else's information.... and that now leads me to examine, why?

I have more work to do on resolving some issues of 'self'; and thank you for inspiring me to aspire to reach a more richer destination.

I am a friend.