Corruption, economic,moral

[deucy28]

What's not to like ?

Here's a start :

Quote from Zr1Trader:



Large Public works programs to keep the public happy ( welfare, ss, unemployment, food stamps, disability, fha,medicare, obamacare, wasteful subsidies, $123 trill unfunded liabilities)

Large Wasteful military complex that gets into wars

Currency debasement.


Fallen gov'ts in the past had these things in common.

Be careful about that military stuff. Military does not get us into wars. Your elected leaders (dictator-in-chief ?) does.

Ya forgot Illegal immigration.....or not politically correct, Wet Backs. Is it not politically correct to cite "not politically correct ?" Should we count the kill-plotting Islamics ? ...Who do they vote for, btw ?

Besides....it may have to be the military that will defend your borders after the current president's open border (implicit) policy brings in new Democratic voters. Ya think the military will have a hard act to follow after the official statement from the current president's cabinet member for HomeLand Security Napolitano has created (what did she say ... ?) "The border has never been so secure as it is now."

Can we include a mass media that suppresses significant incompetency of favorites ? Does an uninformed public contribute to a nation's decline ?

 

[deucy28]

Quote from deucy28:

What's not to like ?

Here's a start :
(see post of Zr1Trader, above)

Be careful about that military stuff. Military does not get us into wars. Your elected leaders (dictator-in-chief ?) does.

Ya forgot Illegal immigration.....or not politically correct, Wet Backs. Is it not politically correct to cite "not politically correct ?" Should we count the kill-plotting Islamics ? ...Who do they vote for, btw ?

Besides....it may have to be the military that will defend your borders after the current president's open border (implicit) policy brings in new Democratic voters. Ya think the military will have a hard act to follow after the official statement from the current president's cabinet member for HomeLand Security Napolitano has created (what did she say ... ?) "The border has never been so secure as it is now."

Can we include a mass media that suppresses significant incompetency of favorites ? Does an uninformed public contribute to a nation's decline ?

We need help here, Zr1Trader....

You cited Unfunded liabilities of the Federal Government in the 9 digits ? ($ 123 trillion ? ..... I see only 3 digits.)

What about the states' unfunded liabilities. My recent John Mauldin essay emailed me cited a chart of all 50 states in which only 3 are very slightly over 53% funded for state employee pensions; the rest are under 50% funded. And 8 states have constitutions not permitting alterations of state pensions. (Appears it will be a fine and pleasant misery for them.)

Does the most fearfully intimidating federal agency that does Federal Tax Collection and self-admittedly does political repression count to the erosion of independence of citizens, or is this only an economic thread ? Ah....let it pass: Silencing the voice of the nation's citizens who are attempting to right the economic ship should be counted as part of the economic death spiral. (btw....Where's the guy who "promised to get to the bottom of this ?" No internal agency investigations as promised, you say ? What ?)

 

[usrx201]

With little background in geopolitics and business/economics , still, watching and reading alternative news, it gets scary.

To sum up in a nutshell. There is $17 trillion in national liability debt. All the U.S. wars recently have been funded by the Fed and the Chinese lenders buying the bonds. The dollar should have collapsed long ago like Weimar Germany except that the U.S. has to keep control of the major supplies of oil flowing to support the petrodollar or come clean with the U.S. public. Iraq tried to defy the petrodollar and got invaded. Once China and other countries defy the U.S. and start to buy oil in other currency then the dollar will collapse and the economy will go out of control.

Where the money in the U.S. is:
http://youtu.be/cIAm0OrRKCI

How the "system" is currently supported:
http://youtu.be/0tsUZinrCo8

A scenario clip on the "day" it all breaks down:
http://youtu.be/N3q5NyxI8nk

 

[jack hershey]

Quote from deucy28:

I was looking for a place to post a good piece of media....investment related in a rather diversified way......economically driven (of course).....Bernanke, Central Bank strongly influenced, too.....

...when I came across this thread. I would be making a big, personal mistake by posting any more beyond the two STATEMENTS and OBSERVATION in the LATER section of this post as relates to what I have seen posted so far. I DO feel compelled to do the STATEMENTS and OBSERVATION, though, in the last half of this post.


(I still want to get MY SUBJECT posted where there may be the most interest, and this thread doesn't appear to be it. I don't want to be a tease either. Happy to share it. I will leave an audio link. It is a Bloomberg interview of a sought after wealth management fellow. He gave in a minute or two some recommendations based on broader macro-economics considerations:

"Gluskin’s Rosenberg Turns Bearish on Treasuries (Audio) (HEY...DON"T WORRY....I am directing you to something he said OTHER than treasuries.)

Sep 27, 2013

David Rosenberg, chief economist and strategist at Gluskin Sheff & Associates, says the U.S. economy will "do better in 2014" and inflation will be more of a concern than deflation, making him "bearish on Treasuries." Rosenberg talks with Bloomberg's Tom Keene and Scarlet Fu on Bloomberg Radio's "Bloomberg Surveillance."

It is only 10 minutes, but to cut to the quick, scroll the slide to the 7 minute mark, start listening, and really pay attention at the 8 minute mark. From there it is only a minute or so to listen.


http://media.bloomberg.com/bb/avfile/News/Surveillance/vrFlENPZ_9vw.mp3



LATER: OK...here we go.... My take on what I am seeing being posted at this thread that I feel so compelled to post about,....

....This thread is essentially chit chat. It is on a timely subject. We all have something to sink our teeth into on this thread. And into a LOT. And I suspect PASSIONATELY. It goes to the heart and soul of ME as I see the unfortunate destination of this country I love. I am passionate on the subject. (It is driving my life into new directions including putting my money where my mouth is when I say that.)

MONEYMAKERSS, in my opinion your opening post--as simple, short, and pointed as it was--is in my opinion with one exception sadly factual. The operative words were "massive corruption," "economy," "morality." I take issue with "military arrogance." However, except for two statements and an observation, I am not going to post about any of this which of course this thread is about.

STATEMENT 1: Those operative words I labeled as "sadly factual" should be replaced with TRAGIC. They are the characteristics of leadership in Washington D.C. And this is the leadership example we portray for our kids ! The same kids by the way that we have known for years before the financial crisis that are going to inherit the debt we leave them. Post financial crisis, we put that indebtedness into afterburner, rocket mode for them. The same kids who we have made dysfunctional after their schooling to be unable to get a career going.

STATEMENT 2: MONEYMAKERS I make exception to your use of the phrase "military arrogance." Now maybe you are not really thinking about the military people themselves, but the arrogance in which they become a tool for leadership to wield. If you DO mean the arrogance of the military people themselves, you will have to give examples. I know of only one example in which you would be right. Lyndon Johnson allowed the ARMY to run the Campaign in Vietnam. In my opinion, the Army general in command was indeed arrogant. The Army, he believed, would win the entire Expedition on the ground. After 50,000 dead and countless others physically and/or mentally maimed by the time Nixon took the Presidency, Nixon chose to bomb the hell out of North Vietnam-- the 10-day Christmas bombing of strategic targets. The North Vietnamese raised the white flag to stop the war. (No other president before him had the guts to do that, because "the Red Chinese would come streaming across into Vietnam" was their logic.)

Those two statements are the extent of my contributions to this thread. Essentially, (1) the tragedy of it all, and (2) my address rebutting the notion of military arrogance.

OBSERVATION: Just a stand-off look at what posters are contributing: I see scattered facts, appearing generally true before the reaching of conclusions. I see primal screams. (Remember, I am passionate, too.) HOWEVER, I see armchair quarterbacking (OPINION-ATING) that I possibly may have respect for if the posters had credentials suggesting background in geopolitics. The learnedness I am seeking among those who enter this arena are a solidly educated background in history, economics, and a little political science. In contemporary times, CURRENT EVENTS and their details (which become HISTORY) are a must. What I am saying about the scattered facts posted here is that they lack the historical, economical, and political science CONTEXT. It is these disciplines that take these scattered facts, and tie them into a respectable thesis. Primal screams are justified. Pissing in the wind comes back to make a wet, usually embarrassed face.

Why is this important ? I typically don't blame the leadership in Washington D.C. They are who they are. They were who they were when they got elected. I blame the voters who put them there making the same sound bites I see in this thread because they make conclusions with no background to be sound. Because I don't know the posters here, maybe the posters are in fact well schooled. If I knew that for sure, I would take the other side of the trade--having a different conclusion. What the hell...I may even become convinced. But that dialogue won't take place because I have another agenda to fulfill at ET. Maybe over a beer, though ? .......

I can't wait until you discover the influence of lobbiests who elect their Washington voting teams.

 

[deucy28]

Quote from jack hershey:

I can't wait until you discover the influence of lobbiests who elect their Washington voting teams.

Been there, done that, have the T-shirt:

"Stop institutional corruption in Congress !"
"Start term limits. Citizen representatives only."
"Next time, find just 1 thing your candidate accomplished before voting him/her into the most powerful office in the world."

I am a very

T
A
L
L

and

W....I.....D.....E

person.

 

[deucy28]

Quote from usrx201:

With little background in geopolitics and business/economics , still, watching and reading alternative news, it gets scary.
............................
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Once China and other countries defy the U.S. and start to buy oil in other currency then the dollar will collapse and the economy will go out of control.

You excel at recent history and current events per your narrative. I haven't seen your links yet.
Your last sentence is thought provoking: If other nations shirk the U.S. dollar, then the hugely vaunted U.S. oil and gas boom to come will only get us pennies on the dollar for whatever of it we export. That is true of anything we export. And of course, everything we import from nations who shirk the dollar will cost us much more.
I have heard the Chinese and Russians have been trying to work something out between themselves to avoid the U.S. as a reserve currency. Yes, should our indebtedness that keeps U.S. citizens afloat with a mirage halt a more sane world from honoring the U.S. dollar as a reserve currency, we probably will be cooked. Just a matter of time ?

Alternative news = is the news (One still has to be careful though of agendas.)

Main stream media outlets = alternative truths (surgical omissions, blatantly untold truths, and half truths.) The ones that don't fit this description, have the highest ratings. Even the biased citizen wants to know the truth, even if he hates it.