Commies and their communist communism

[Pentegarn]

Originally Posted by TheCoolinator

1.5 QUADRILLION dollars worth of debts. Much more than anything we've seen in history.

I'll ask you and any other troglodyte who wishes to respond. Was there a 1.5 QUADRILLION dollars worth of speculative paper debt in any of the past depressions / recessions?

I'll ask you, moron:

Where the hell was today's average income per household in those eras?

Where were the profits averaged yearly that today's companies make in those eras?

Where was the GDP of the hundreds of countries today in those eras?

The reason the 1.5 quadrillion you keep mentioning (over and over and over over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over) exists is because there is a ton more money in the world than there was in those eras. The percentages of debt, poverty levels, and lack of rescources in those days were worse. The single number you keep spouting about is merely a reflection of the amount of money there is now. It means nothing in terms of employment, wealth per household percentages, cost of living percentages and the like. Why won't you address that? Why is it I keep answering you about why the numbers you post are not valid in context to inflation and you keep ignoring it? Face it, you are ignoring my replies because you have no answer of substance to counter them with.