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an islamic great so let's just continue this conversation uh... it d
is so
it at first i didn't realize the louvre level a private debt was so large it
that day
lessons with the president sitting there in oklahoma reason you had an inherent
prosperity around shortly after the eyes of the stock market crash insight from
ninety three ninety four on after about the clinton got into power
uh... the private banks which is lending a mania lending first of all through the
dot coms and then when i fell that i was went into the house all saved and that
went down m_m_-hmm astronomical as well during the bubble see you as an aside
shocking about about there are some down time around about two thousand you had
about a dental equipment to toward foster annual j pay and by the time the
crosses with women truly running it pay tax rates on george a paypal i shouldn't
really alice
private and and has been coming down because of the leveraging bass while
u_n_ across is this is the thing while bmg unspecified ongoing blue in the
fights trying to get this router papal it's the dynamics of private day that
really have determined that the been beforehand and the cruncher and now
sensation to describe a large that it is because that private debt level has
flattened
at thirty eight trillion dollars so one of the rich garcia talk but no effort to
keep going up so rare object
arpan republican has stabilized because the government spending
has slowed down the decline as the overall economy some other people
panicking samba and i think i'm gonna buy my ticket down why is that has been
will stabilize the not lying about their debt right now whose government spending
is rising and compensating for that buffalo on the box analogize italia but
if you have the government assigning let's cut our deficit and and reduce the
amount of money way according in and suddenly that uh... they don't look at
me com activity will follow because of that and back on again encourage people
to stop daily version to start date leveraging again you'll fall back into
the process
hazen historical precedent this miss monetary settlement
so that in and in this dust here blog in an overactive deflation dot com slash
blog sally
visted teens debt watch blog
army eventually got a of an article on there were you say could this be
you know could go bobby preparing to repeat the recession the at the nineteen
thirty seven recession f_d_r_ had
yes right because if they are meant to be a great all getting us out of the
depression in the first instance when i'm planning to twenty five percent nine
thirty two
uh... with the new deal which is actually a much smaller stimu awesome
unabomber has found much much smaller
the economy solid for a couple of people stop daily versions of the product that
had fallen allotments what caused the crosses then decided to stabilize and
rosit it again
and then the good government and that's a false a sequel obsessed with the
deficit masson where we're doing right now
and started to reduce the deficit and the prosecuted and the day labor again
what happened to the economy was unemployment has fallen from azhar will
bake civ twenty five percent down to eleven percent in nineteen thirty seven
and an address by up to twenty percent one small needs are there was a second
russian now only that it's not the full com
inconsistent while on the side of giving up for the second world war
which was massive government spending
okay sandeep ki and ek protested his with professor of economics and finance
university western sydney equally bad debt deflation dot com is his website
please check it out we'll be back in in literally
thirty forty second stick around on