Federal Reserve could in fact save US, the question is do they want to

Quote from achilles28:

The middle and lower class will lose their shirts. The ultra-rich will have enough foresight and intellect working for them, to preserve (and grow) their money using other vehicles - foreign denominated assets and currencies.

Crushing inflation, then deflation, will wreck the economy and anyone dependent on making a livelihood from it. This largely targets everyone BUT the ultra-rich. That's the point.

Look at Zimbabwe. 99% of people get hosed. Anyone working for the State-Security complex and Government become alpha-male, top-dog ruling over a pile of shit. That's what the Elite want. That's power.
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Each crash or crisis in society creates a window of opportunity for change to be implemented benifiting the majority of the populace.

Whether these moments get seized or not depends on such a wide variety of factors making it hard to boil it down to the most decicive. I would think

My personal view on the uber wealth of this world is they will probably be isolated even from a nuclear holocaust but that doesnt mean real change can not take place.

Germany today has one of the most rigid privacy laws in the world. Quite the change from Nazi Germany wouldnt you think?
 
Ivanovich
Moderator*

Registered: Oct 2004
Posts: 7835


New Post 01-05-10 11:28 AM

Quote from Floss10Millgrom:


America is one of three major countries which did not suffer any fighting within its territories during (or as a result) of WW2.



Pearl Harbor?

---------------------------------------------------Naval Base, how many miles off shore?

I'll give you Benjie for every civilian, non-military related casualty you can document.

Frankly Cousin,

I expect better from you.
 
Scataphagos


Registered: Apr 2009
Posts: 2280


New Post 01-05-10 11:07 AM

Quote from Floss10Millgrom:

"... People still refuse to recognize THAT THE HOUSING BUBBLE IS DUE TO IDIOTS WHO KNEW THEY COULDN'T AFFORD A HOME BUYING ONE ANYWAY..."



WRONG! The blame lies entirely with government.
---------------------------------------------------
 
Quote from achilles28:

No? I think, yes. I think the super-rich want to do away with the middle-class. Even if that means imploding the economy, it's good for them, so long as they come out on top. Which they will. Economic warfare taken to its conclusion.
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That's crazy. The uber-rich are not in competition with the middle class and hope for their demise.

Imploding economy hurts the rich very, very much.... though they may emerge with SOME wealth... it's not a matter of them "wanting to be on top". I doubt the uber-rich bother to give the middle class more than a passing thought.
 
Quote from Scataphagos:

What the government SHOULD HAVE DONE, imo, is let them go bankrupt. America needs a "clean out"... painful as it would be.... the alternative is that "NEARLY EVERY CITIZEN WILL LOSE NEARLY EVERYTHING" in the effort of the government to artificially prop-up companies and the economy in attempts to retain/restore the status quo.
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So basically you are advocating a leveling as well only you disagree upon the therms with the policy makers of today.
 
Quote from Floss10Millgrom:

Ivanovich
Moderator*

Registered: Oct 2004
Posts: 7835


New Post 01-05-10 11:28 AM

Quote from Floss10Millgrom:


America is one of three major countries which did not suffer any fighting within its territories during (or as a result) of WW2.



Pearl Harbor?

---------------------------------------------------Naval Base, how many miles off shore?

I'll give you Benjie for every civilian, non-military related casualty you can document.

Frankly Cousin,

I expect better from you.
More...



Quote from Floss10Millgrom:


America is one of three major countries which did not suffer any fighting within its territories during (or as a result) of WW2.
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That was your quote, mate. Last I checked, Hawaii was part of the US. Now if your intent was to go on about how there were no civilian bombings, tragedies, etc...then my mistake. But you should say what you mean otherwise it confuses the listener (in this case, me).
 
Quote from Floss10Millgrom:

Scataphagos


Registered: Apr 2009
Posts: 2280


New Post 01-05-10 11:07 AM

Quote from Floss10Millgrom:

"... People still refuse to recognize THAT THE HOUSING BUBBLE IS DUE TO IDIOTS WHO KNEW THEY COULDN'T AFFORD A HOME BUYING ONE ANYWAY..."



WRONG! The blame lies entirely with government.
---------------------------------------------------
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The dummy/greedy borrowers were only allowed to do so becuase government made it possible... with GREEDY, STUPID, SELF-SERVING policies. Without that, there never would have been a "housing bubble".
 
Quote from Debaser82:


Germany today has one of the most rigid privacy laws in the world. Quite the change from Nazi Germany wouldnt you think?
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Sure, but that's more an anomaly against the backdrop of Huge Government Socialism that's swept the world. A drop in the bucket.

I'm no pessimist. At least, try not to be. I'm 200% behind the grassroots Libertarian movement in America.
 
Quote from Floss10Millgrom:

So I guess taking on a $2500/month note is the government's fault...when you make $2650 as a temp worker?
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ABSOFRICKIN'-LUTELY! People are greedy, of course. But they had been throttled from their greed until the government "allowed/promoted it".

Had the qualifications for a mortgage loan remained...

1. Down payment of 20% (or, in lieu of that, PMI)

2. Income to support the loan no greater than 28% of gross (as was the prior standard)...

NONE OF THIS BULLSHIT WOULD HAVE HAPPENED... would not have even been possible without government sanction/encouragement.

FWIW... I remain amazed at how strong the opinions of the populace in general about "things"... like they formed their opinions and views from watching MSM news reports... and don't realize that the freedoms we've enjoyed as Americans are under ASSAULT FROM WITHIN... :mad:
 
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