The President is wrong in his analogy, and its because of his lack of genus of the concepts of Free Enterprise and trying to mix that with the philosophies of Charles Darwin, Karl Marx, Sigmund Freud, John Dewey, Soren Kierkegaard, Julius Wellhausen and John Maynard Keynes, ......in that at some point the will to hold debt has to return or the Governments will have to continue to fund themselves ... and with all the talk in political circles about the Population over taxing worlds abilities to sustain its growth going forward, where will the incentive come from to return to a private sector financing structure???? This is everything supply-side in terms if its ability to generate growth and incentives to want to be long in the equities ....
As Cap and Trade and Health Care policies are more carefully understood around the world , the problems with Free Enterprise and its will to take risk will emerge as a non starter pushing Government to continue to fund itself and run huge deficits, with the population restrictions in policy suffocating the supply-side economics of Free Enterprise, so you can't even say the Gold price is a Monster when you consider the unappreciated value of the worlds debt, as long as the lack of will to hold it is driving the markets .....
in this era of hoards and frugality. Is this why the Old folks are the target of health care and Medicare reductions .... will the people get to debate how and when we choose our plight, or will we be persecuted ???
Population control called key to deal,
[url=http://www.chinadaily.com.cn/china/2009-12/10/content_9151129.htm]http://www.chinadaily.com.cn/china/2009-12/10/content_9151129.htm[/url]
Tony Newbill
