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I'm holding out for negative interest rates - - - them actually paying me when I borrow money.

That speaks directly to human ingenuity and survival instinct. All these government proposals may eventually do little more than force more people to break the law when sufficiently squeezed. But as someone said, "The law is an ass."

Law of the Universe - - - there's no free lunch. If input costs are similiar in Europe to what they are in America, someone's gotta pay the difference in some way. How much of your earnings goes to government in taxes to pay for it is the question that comes to mind. Too many people waste...

I'm watching todays Bernanke speech. He's talking taxpayer bailouts (essentially) for overextended homebuyers. His audience is made up of people from universities at a conference - - - and he's getting asked questions that since a large part of the current economic problems are due to the...

I remember the stories a friend (now long gone) told me of when he was a 20-something kid during the Depression. He use to hitch on trains from place to place trying to pick up any odd job & figuring that anywhere had to be better than where he was. He was constantly hungry. - - He got back home...

I think you guys are missing the point. The purpose of GM isn't to make cars or even a profit. - - The purpose is to employ all those execs and union members (especially the union members because they represent far more votes). - - - Hmmm, maybe they outta do the same thing as with the postal...

Not only are the politicians driven by short sighted thinking and their thirst for expanding & maintaining personal power - - - many of them are also ignorant. Recently a number of government officials, many of whom were elected, - - failed an exam in history, civics, and economics. Most of them...

A majority of people are outraged and the central bankers & politicians don't care one bit. - - - "Democracy" in action. - - -

I'm holding out for when they come up with a sufficiently negative rate so theyll actually pay me to borrow money - - - -

Well, I don't know. - - It could be some Grand Plan by "Them" or the accumulation of decades of just plain short sighted stupidity and stubborn adherence to bone headed dogma. (The later seems more likely to me, however.) - - - - I have no way of knowing which it is, and it makes no difference...

LOL :)

Unfortunately its not dead in the minds of the central bankers and politicians. - - It likely won't be dead until the economy is driven to its knees and even then they'll probably think its only because they didn't do enough of it. (If it hasn't worked for decades - - - then do it some more !)...

southamerica - - thank you for taking the time to post your reply. Actually I am quite aware of the conditions & history that have led up to the current situation. And, I agree with the economic points that you have brought up. There will be a drastic global economic change that will leave many...

The original poster makes many valid points. Fed policy has been horrendous over the years, and U.S. govt policy even worse - - the result of short term 'just patch it up' thinking. - - On the other hand, it is easy to make America the bad guy. Fact is, after expending blood & national treasure...

Makes sense - a lotta people are screwed and can't do a helluva lot about it anyway even if they knew what was going on. - - Like you I'm hedging for various potential scenarios, - including close & distant family potentially showing up on the doorstep needing help sometime in the future.

Sorry everyone - I don't think there are any forums that match this thread directly (given these 'interesting' times, maybe it would be a good idea to start a "Surving the Economy" forum). - - Anyway, I got together with family for Thanksgving. The general business climate came up in...

Saw an interview by Charlie Rose of Chris Dodd - CT - Senate Banking Committee. Basically they want to bail out everyone, and start a bunch of government make work projects. None of this will increase U.S. productivity and competiveness in the world. Theyre gonna inflate the hell out of the...

:D LMAO ! Laughter is a great stress reliever - Thank you !

The Great Ponzi scheme is coming to an end. Fiat money based on IOUs and controlled by central bankers. The rats are grabbing life preservers for themselves, and letting everyone else drown. Its so bad and progressing downward so rapidly that they don't even care about preserving the illusion of...

"In general, the method for employing the military is this: Preserving the enemy's capital is best, destroying their capital second best. Preserving their army is best, destroying their army second best. . . . Subjugating the enemy's army without fighting is the true pinnacle of excellence. Thus...