But theres a for me my colleague kevin i want to be here in about an hours time with news from those stories in the headlines so you can head to our team dot com but right now its time for. I am max geyser this is the kaiser reported ever that movie the 6th sense and the big line the money line was i see dead people this is going to make more sense but 1st we need to talk to stacy well certainly we do have a zombie economy thanks to the never ending parade of free money from the fed and the growing pile of debt because you know this past week we saw the global debt pile hit over 250. 00 trillion 255. 00 chilean to be exact is probably up another chilean or 2 by the time this airs so the fact is we have a lot of debt and its piling up stock markets are hitting all time new highs some even Yahoo Finance is starting to connect the pieces that maybe all this debt and all this free money is driving the stock markets but even your own powell and testimony he said the debt is growing faster t
I am max geyser this is the kaiser reported over that movie the 6th sense and the big line the money line was i see dead people this is going to make more sense but 1st we need to talk to stacy well certainly we do have a zombie economy thanks to the never ending parade of free money from the fed and the growing pile of debt because you know this past week we saw the global debt pile hit over 250. 00 trillion 255. 00 chilean to be exact its probably up another chilean or 2 by the time this airs so the fact is we have a lot of debt and its piling up stock markets are hitting all time new highs some even Yahoo Finance is starting to connect the pieces that maybe all this debt and all this free money is driving the stock markets but even your own powell and testimony he said the debt is growing faster than the economy its a simple as that in nominal terms and that is by definition unsustainable ultimately you will have to get it to where the debt is not growing faster than the economy and
We need to talk to stacy well certainly we do have a zombie economy thanks to the never ending parade of free money from the fed and the growing pile of debt because you know this past week we saw the global debt pile hit over 250 trillion 255 chilean to be exact its probably up another trillion or 2 by the time this airs so the fact is we have a lot of debt in this piling up stock markets are hitting all time new highs some even Yahoo Finance is starting to connect the pieces that maybe all this debt and all this free money is driving the stock markets but even your own powell and testimony he said the debt is growing faster than the economy its a simple as that in nominal terms and that is by definition unsustainable ultimately you will have to get it to where the debt is not growing faster than the economy and its growing faster in the United States by a pretty pretty significant margin so as you say its growing faster than g. D. P. Is growing faster than g. D. P. It takes 3. 00 of
A simple as that you nominal terms and that is by definition unsustainable ultimately you will have to get it to where the debt is not growing faster than the economy and its growing faster in the United States by a pretty pretty significant margin so as you say its growing faster than g. D. P. Is growing faster than g. D. P. It takes 3. 00 of debt to induce one dollar g. D. P. Growth. You know it reminds me of the story about the martin who is pumping formaldehyde into the corpse and saying that no matter how much formaldehyde i pump into this corpse it breathing doesnt get any better and then of course the obvious observation would be well its a corpse the corpse is dead. It doesnt matter how much formaldehyde you pump and so in the case of the Global Economy and in the u. S. Economy in 2008 it does there was this credit crunch as you recall and the solution was to pump formaldehyde in the what is called money but its not money like gold its money its debt its debt right all the quan
A line item the equivalent of the u. S. Military budget so when krugman says its only money we owe ourselves hes wrong of course the United States Federal Reserve bank cannot create assets they cannot create treasuries that is up to the u. S. Treasury the congress to create treasuries so they cannot if youre if were looking to this guy were looking to jay power droom pal yes i have 2 names so everybody gets confused right if you were looking for him to you know basically stop fog all he could do is flog a dead horse hes a Monetary Policy guy hes not a fiscal policy guy theres nothing he can do to change the situation that the horse is dead its only you know you have to keep the horse from dying what in the treasury is debt its a its a short term loan its a 30 day loan or a one day loan its still debt if you look at your dollar bill it says a Federal Reserve note note if you look that up in the best pedia itll tell you its debt debt is a note right there not creating this stunt has noth