Comments on: Discomfort is a necessary side effect http://rc3.org/2009/03/13/discomfort-is-a-necessary-side-effect/ Rafe Colburn on software development (and other topics) Mon, 21 May 2012 23:52:43 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Hal Rager http://rc3.org/2009/03/13/discomfort-is-a-necessary-side-effect/comment-page-1/#comment-4968 Hal Rager Mon, 16 Mar 2009 03:49:21 +0000 http://rc3.org/?p=9257#comment-4968 <p>Thanks for that post, Rafe, and thanks for the link to Greenwald's article.</p> <p>We, individually and, as a culture avoid being uncomfortable at all costs. And that cost is too high.</p> Thanks for that post, Rafe, and thanks for the link to Greenwald’s article.

We, individually and, as a culture avoid being uncomfortable at all costs. And that cost is too high.

]]> By: Ron http://rc3.org/2009/03/13/discomfort-is-a-necessary-side-effect/comment-page-1/#comment-4966 Ron Mon, 16 Mar 2009 02:00:19 +0000 http://rc3.org/?p=9257#comment-4966 <p>It is ironic that Jon Stewart and a comedy show instead of the regulators or news media had to bring all of this public. Also in Cramers defense he is far less guilty than most of the other financial media for their efforts together with Wall Street, the politicians & incompetent regulators for what has happened.</p> <p>While I enjoy watching Cramer every night, one must remember the show is primarily entertainment. The financial networks exist to promote their advertisers financial and investment products. Who would expect them to warn about the credit bubble or coming Washington national debt collapse which will destroy much of the remaining private wealth in America today or what this will do to the dollar, the stock market, bonds, gold or the real estate market?</p> <p>China is now worried about their dangerous over investment in US Treasury obligations. Washington ’s long-term choice is either repudiation or monetization. For monetization to be effective, the depreciation in the dollar would have to be substantial and this in turn would dramatically raise prices of imports for American consumers which would mean a tremendous drop in foreign imports. Debt monetization would cause more disruption to exporting nations than selective repudiation of Treasury debt.</p> <p>The Campaign to Cancel the Washington National Debt By 12/22/2013 Constitutional Amendment is starting now in the U.S. See: http://www.facebook.com/group.php?gid=67594690498&ref=ts</p> <p>Thanks,</p> <p>Ron with 30 plus years in the investment business and banking industry.</p> It is ironic that Jon Stewart and a comedy show instead of the regulators or news media had to bring all of this public. Also in Cramers defense he is far less guilty than most of the other financial media for their efforts together with Wall Street, the politicians & incompetent regulators for what has happened.

While I enjoy watching Cramer every night, one must remember the show is primarily entertainment. The financial networks exist to promote their advertisers financial and investment products. Who would expect them to warn about the credit bubble or coming Washington national debt collapse which will destroy much of the remaining private wealth in America today or what this will do to the dollar, the stock market, bonds, gold or the real estate market?

China is now worried about their dangerous over investment in US Treasury obligations. Washington ’s long-term choice is either repudiation or monetization. For monetization to be effective, the depreciation in the dollar would have to be substantial and this in turn would dramatically raise prices of imports for American consumers which would mean a tremendous drop in foreign imports. Debt monetization would cause more disruption to exporting nations than selective repudiation of Treasury debt.

The Campaign to Cancel the Washington National Debt By 12/22/2013 Constitutional Amendment is starting now in the U.S. See: http://www.facebook.com/group.php?gid=67594690498&ref=ts

Thanks,

Ron with 30 plus years in the investment business and banking industry.

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