There are only so many bookkeeping tricks that show you making a profit too until the tricks are all used up and now the only thing left to do is sell things to people that they want and need and an honest profit.

The quantitative easing checked deflation but it destroyed my dollar's buying power and my incentive to save because you can't get an interest rate worth anything right now.  They've flooded the economy with "liquidity", so my money isn't worth anything.....yet.

I'm sick sick sick to death of "Ben Bernanke save us!"  He can't, not after what the deregulation and Titans did.  Honest market corrections will have to happen before true healing can take place.  Hopefully Obama can stave off the naked reality until after the election, but every American is going to come face to face with how and why the New Deal came to be and how and why the banking and finance regulations came to be.

I can't even attempt to make a run for an honest retirement savings via Municipal bonds at this time.  My great Uncle did very well investing in DIA.  It was his last great investment though, and my family was too young and every dollar spoken for then so I did not participate.  Municipal bonds are so gamed now it isn't investment anymore either,  it is all game too with the big playas the only ones walking away from the table with anything....everything

After the Bank/Corporate/Government engineered the financial debacle our economy was devastated. So our leaders sprung into action. They showered trillions of dollars on the criminals who's reckless gambling caused the disaster. We gave them 0% loans, Gov't. guarantees, debt forgiveness, and a whole host of other benefits. The government did all these things without extracting a single promise from them to pump-prime the economy, and to help with the recovery.

Their response: Horde the money, increase their gambling to ever higher, sophisticated degrees, lay off workers by the millions, and double down in their relentless pursuit of crushing the middle class. To them the "recovery" meant getting back to the multi million dollar bonuses they were addicted to.

And, our Government, our "Leaders," also did their part to help. Laying off countless thousands of State, Federal, and Local workers, reducing, and sometimes reneging on retirement benefits, and, to make sure they left no stone unturned, they began reducing, and then, eliminating unemployment benefits.  

The American people? They must love this new economy. They just voted to give a mass murdering, job killer an overwhelming vote of confidence in Wisconsin, and are on the road to electing a President who publicly crows, "we don't need cops, firemen, or teachers."

So, now we look to  Bernanke. He, and his predecessor, Alan Greenspan, were supposed to prevent these kinds of systemic calamities. Instead they cowered before their Oligarch Masters and engineered the Multi-Trillion dollar theft of The People's money and submissively handed it over to them.

But, Benevolent Ben is hard at work fixing the problem he, and his cohorts caused. Indebting future generation with trillions of dollars of debt didn't do it, so he gave us Qe 1, Qe 2, the tango, no, strike that, the "Twist."

The problem is we can look all the solutions in the world, but if we are blind to the most basic realities, realities that are staring us right in the face, we are simply doomed. Even school children are taught, "don't kill the golden goose," "don't' bite the hand that feeds you," and even the ancient Pharaohs knew that if you gave your slaves food and water they could work harder & faster.

The President had his chance, and he blew it. To show the utter hopelessness of the situation, and to illustrate the complete escape from reality his supporters have chosen, those whose eyes and brains are focused on the truth are dismissed as "Obama Haters."  

Left free and unfettered to do as it damned well pleases, capitalism will continue to consolidate to the eventual point where it will begin to consume itself -- not unlike a snake which, in the absence of further suitable prey items, grabs itself by its own tail and commences to swallow.

John Maynard Keynes clearly understood that. So did Franklin Roosevelt. It's a shame that the greedy mental midgets currently posing as Wall Street's "Masters of the Universe," along with their slavish allies in Washington, don't seem to get it.

Any society that encourages and tolerates great disparity between its wealthiest members and everyone else, is a society that seeks only to ensure its own eventual demise, and sooner rather than later.

From Richard Posner:

"So the big question is, given capitalism, what else does a country need in order to prosper? We know that it doesn't need abundant natural resources or a large population. But it needs a legal and political system that protects property rights, allows a large degree of economic freedom, minimizes corruption, controls harmful externalities (like pollution) and subsidizes beneficial ones (like education), distinguishes between equality of opportunity (which it promotes) and equality of incomes (which it promotes only to the extent of combating poverty), welcomes and assimilates skilled and wealthy immigrants, and (related to protecting economic freedom) avoids public ownership or control of economic enterprises. To create and maintain such a legal and political system a country also requires a culture of respect for business success, of competition and risk-taking, and of consumerism--since, as Keynes argued, consumption drives production."

[...]

"The institutional structure of the United States is under stress. We might be in dangerous economic straits if the dollar were not the principal international reserve currency and the eurozone in deep fiscal trouble. We have a huge public debt, dangerously neglected infrastructure, a greatly overextended system of criminal punishment, a seeming inability to come to grips with grave environmental problems such as global warming, a very costly but inadequate educational system, unsound immigration policies, an embarrassing obesity epidemic, an excessively costly health care system, a possible rise in structural unemployment, fiscal crises in state and local governments, a screwed-up tax system, a dysfunctional patent system, and growing economic inequality that may soon create serious social tensions. Our capitalist system needs a lot of work to achieve proper capitalist goals."

He is completely dependent on watching the global economy hoping it does not sink the US economy further, and completely destroying Romney's character to win.

Stated income, 100% financing, and interest only loans, along with many other practices are simply tools that will be used rarely, if at all.  Thinking those were going to remain the same seems disingenuous at best.

Not really sure how that applies to the argument, he was thinking all those schemes were going to continue, but that is the way I read his comments.

The man hasn't a clue.

But no economic plan that isn't truly redistributive, fundamentally and at its core, will solve our current economic woes.

The days of polishing off the old blame, finding a new way to game the system and spinning the wheel one more time, are over.

Every year the average lower middle class American causes hundreds of thousands of dollars to be generated in the banking system, but takes away only thousands. And that usually as leveraged debt. The weak plus side of an asset/liability equation. The scales must be balanced much further in the average individuals favor.  They must benefit more from the capital they generating.

Look at these charts.  This is the money supply and real inflation.   Take a real hard look.

So we've printed all this money and what has it gotten us?

Nothing.  

We have a spending and debt problem.   The Fed filled the whole with money and the economy is barely limping along.  

The economy tried to correct itself in 2008.  Instead of biting the bullet the Fed and bipartisan government printed money to re-blow up the bubble.

The next time it crashes will be even more painful.

Mr. Schiff says we buy too much and dont make enough. Whose fault is that? The manufacturing sector looking for bigger profits by moving manufacturing to China or the consumer for demanding plush toys and gadgets from China so we can save maybe 30% and cut our own throats in the process?

We need to get out of this depression by a massive federal stimulus, and then work our way out of our debt situation by deciding on butter instead of guns. Sustainable renewable energy instead of fossil fuels. Now THAT would be the way to a sustainable future.