Executive Employment Searching

It is time again to discuss whether unemployment benefits should be extended or not. Lawmakers will debate about it but they will never mention the real aim: To help banks make money. How? Let me explain.

Bank bailout continues. TARP, Fannie, Freddie, various government spending programs and the unemployment benefits. All of this is to inflate the money supply and keep people paying their debt to the bankers. This is because without further borrowing, the money to pay existing debt does not exist. Therefore, they are going to extend jobless benefits at tax payer expense, not because they think about the little guy, but because they favor the bankers.

When we borrow, banks create money out of thin airand they demand interest for it. 

http://www.kondratieffwavecycle.com/credit-inflation/

We borrowed the entire money supply X. Banks want us to pay back X+I. But the interest portion is not cerated yet. For decades, X+I was created via new borrowing. To make people borrow, they allowed mortgage interest deduction, sub-prime, no 20% down, liar loans... 8K home buyer credit and so on. But at last we ran out of borrowers. Now, the federal government is doing it for us. Deflation is the problem and there is no easy way out:

http://www.kondratieffwavecycle.com/economy/deflation-how-to-survive-it/Krugman is right. We are headed into deflationary depression. But he is wrong that spending can prevent it. Borrowing and spending only delays it, but it also makes it bigger. For many decades, every democratically elected government borrowed and spent to postpone and fix recessions at their watch. And debt has reached excessive levels. When we pay down debt, it makes a recession. It is a good thing. If we reduced total debt through smaller recessions for decades, we would not be facing a depression now. But thanks to FED's easy money policy for decades, we have to have another Great Depression because the problem is too big to fix.