Comments on: Beware of Deepening Economic Pain http://thedemocraticdaily.com/2009/02/19/beware-of-deepening-economic-pain/ Political News, Progressive Commentary, Liberal Opinions and Common Sense Conversation... Sat, 26 May 2012 16:39:06 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: hal http://thedemocraticdaily.com/2009/02/19/beware-of-deepening-economic-pain/comment-page-1/#comment-39043 hal Thu, 19 Feb 2009 21:34:05 +0000 http://thedemocraticdaily.com/?p=7385#comment-39043 You know what might work. Just wiping out a year's worth of mortgage payments across the board for everyone. By that I mean no one needs to pay a mortgage payment for one year, no penalties, and it's just as if they did pay it. The the catch for that would be that homeowners would have to put a % of their income in savings and pay off % of credit card debt for that year. It's obvious that Wall Street doesn't think much of this current plan. All it's continue to do is seek out how low it can go. I think all they're hearing is the rush to print dollars by the FED and that's driving up future inflation. Which explains why ExactPrice ( http://www.learcapital.com/exactprice )shows gold continuing to rise. It won't be long before it's testing last years highs and going further, I think. Right now it's sitting at $975.30 an ounce. Tells me that big time investors are buying it up quick as a hedge against a dollar that looks like burned toast. You know what might work. Just wiping out a year’s worth of mortgage payments across the board for everyone. By that I mean no one needs to pay a mortgage payment for one year, no penalties, and it’s just as if they did pay it.

The the catch for that would be that homeowners would have to put a % of their income in savings and pay off % of credit card debt for that year.

It’s obvious that Wall Street doesn’t think much of this current plan. All it’s continue to do is seek out how low it can go. I think all they’re hearing is the rush to print dollars by the FED and that’s driving up future inflation. Which explains why ExactPrice ( http://www.learcapital.com/exactprice )shows gold continuing to rise. It won’t be long before it’s testing last years highs and going further, I think. Right now it’s sitting at $975.30 an ounce.

Tells me that big time investors are buying it up quick as a hedge against a dollar that looks like burned toast.

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