TV News LIES

Thursday, Jun 30th

Last update05:20:13 AM GMT

You are here News Editorials Bruce Enberg: Everything you need to know about economics is in a Pyramid

Bruce Enberg: Everything you need to know about economics is in a Pyramid

E-mail Print PDF

PyramidsOn Tuesday we will all turn into pumpkins if the Republican controlled House doesn't pass the Senate budget bill. With this fiscal 'crisis' in mind, let's debunk the favorite talking point from the Conservatives: 'We can't afford that,' or 'we're broke.'

The reality check: the US prints its own money, unlike Greece that's dependent on the German Euro we can print our own, and as much as we need to make the economy work.

All money by definition is printed on something, even gold coins have their value stamped on them. The right-wing gold bugs are just nuts, gold has very little 'real' value. Ask the right-wingers who bought it at $825/oz under Reagan and are still waiting to see a profit.

Adjusted for inflation, gold would need to be $2400/oz today for them to just break even, and that's with zero return on their investment.

More...


Most Recent Related Stories...


Bob Alexander: We Will Never Get What We Want or … The House Always Wins

loaded diceThe saying, What happens in Vegas stays in Vegas is the condensed version of:Every year people...

Access to Assault-Style Weapons Is an Assault on the Neighborhoods of America

Assault weapons banShock. Sadness. Grief for the families and victims. These are my first reactions to reports of...

Bob Alexander: What's the Signpost Up Ahead?

Burma ShaveFor anyone driving through the American countryside before 1963 there was a good chance they'd see...

How Israel Lost Its Latest Chance for a Peace Process

Israel lost its last chance for peaceLast Friday, after weeks of political maneuvering, Israeli Prime Minister Benjamin Netanyahu appointed Avigdor Lieberman to...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!