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Saturday, December 10, 2011

What is Inflamed Debt? Should Dylan Ratigan run for the 2012 democratic nomination?

INFLAMED DEBT (my phrase) occurs when huge amounts of money are tethered to interest rate charges to create an ever growing debt that cannot be paid down. That is the key. 


At the very least, remove the interest rate charges on anyone who has debt and who is also capable of paying down their debt, and that will free up local economies to begin to grow in a myriad of ways.


In this youtube video, Dylan Ratigan does not use the phrase "inflamed debt", but I think that is what he is actually describing when he proclaims that there may be more debt than money in the world, and that the United States is having it's wealth suctioned out by the banks, trade imbalance, and excessive taxation.


Hat tip to Neil Garfield of "living lies" blog who posted this Dylan Ratigan video on his site.

Ironically, it was MSNBC who chose Barack Obama over Hillary Clinton back in 2008 BEFORE the democratic voters could decide for themselves. Bill Clinton has been the only president in the past 80 years to actually lower the yearly budget deficit for 8 consecutive years, the only president.


I am certain that Hillary Clinton would have done the same as Bill Clinton while also helping the 1%.


I just did a google phrase search and only 56 hits came up when the two words "inflamed debt" have quotes around them, (thereby creating a phrase).

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