posted
"If the American People ever allow private banks (the Fed)to control the issue of their currency, first by inflation, then by deflation, the banks and corporations which grow up around them will deprive the people of all property until their children grow up homeless on the continent their fathers conquered". - Thomas Jefferson
IP: Logged |
quote:Originally posted by Propertymanager: "If the American People ever allow private banks (the Fed)to control the issue of their currency, first by inflation, then by deflation, the banks and corporations which grow up around them will deprive the people of all property until their children grow up homeless on the continent their fathers conquered". - Thomas Jefferson
hmmmmm..... too bad Woodrow Wilson didn't follow his advice...
TJ also said:
"Believing with you that religion is a matter which lies solely between man and his God, that he owes account to none other for his faith or his worship, that the legislative powers of government reach actions only, and not opinions, I contemplate with sovereign reverence that act of the whole American people which declared that their legislature should 'make no law respecting an establishment of religion, or prohibiting the free exercise thereof,' thus building a wall of separation between Church and State."
Thomas Jefferson
-------------------- Don't envy the happiness of those who live in a fool's paradise.
IP: Logged |
posted
how and when the free market economy was destroyed in just 15 short years:
1906 pure food and drug act 1913 the creation of the Federal Reserve 1912 the International Opium Convention 1914 Harrison act 1915 Utah outlawed Marijuana (the Mormons didn't like it) 1919 the 18th amendment (prohibition)
-------------------- Don't envy the happiness of those who live in a fool's paradise.
IP: Logged |
"Over the past decade, American households have piled on $8 trillion in debt, an increase of 137 percent, twice the gain seen in the size of the economy."
" At $14 trillion, the debt load is now roughly equal to the entire economy's annual output. Much of the increase comes from home mortgages, which have expanded by $6 trillion since 1998, but it also reflects higher balances on credit cards and auto loans."
IP: Logged |
quote:It will take a long time to get out as we fall deeper into this black hole!
Just a few months ago, all the experts were saying that we would recover by the second half of 2008. So, good times should be here in the next 6 weeks!!!
IP: Logged |
posted
It's going to be ugly for a bit but not the doom and gloom that everyone is predicting. We're finally getting the re-boot of the credit and housing markets that has been overdue for a long time. We'll suffer for awhile because of the fear thats being instilled by the media but in the end, we're a consumer driven economy.
I hate to sound like a ~~~shudder~~~ Reupublican but this crisis is not going to have much of an impact on the type of consumers that drive the economy. Unfortunately, the ones who are really going to suffer are the people who have been living beyond their means from paycheck to paycheck and weren't really consumers in the first place. Those are the ones who are really going to feel it.
My guess is that we're all going to hunker down for a spell but as the current round of deflation really takes hold, there's going to be a buying flurry unlike anything ever seen before, both in consumer spending and in the stock market. Things will improve at a fairly rapid clip, the same mistakes will be made again and the cycle will eventually repeat itself.
The Great Meltdown that so many are predicting and for some reason seem to be hoping for? Not gonna happen.
IP: Logged |
quote:Originally posted by Upside: I hate to sound like a ~~~shudder~~~ Reupublican but this crisis is not going to have much of an impact on the type of consumers that drive the economy. Unfortunately, the ones who are really going to suffer are the people who have been living beyond their means from paycheck to paycheck and weren't really consumers in the first place. Those are the ones who are really going to feel it.
Hmm.. all those who took out home equity lines weren't driving the economy??? The average American was spending more then they make so by your comment the average American will be hurt. The gig is up we now have to spend what we make. The easy credit days are over for now. The average American DOES DRIVE THE ECONOMY.
IP: Logged |
posted
States and local government are starting to cut and will have to continue to cut. Once they cut as much as they can and still are red what do you think is going to happen?? Here in Columbus the local government are saying we need more revenue. Well that means more taxes for me!! All state and local governments are going to have to raise taxes because unlike our government they have to balance the books. I am sure the feds will help out a little. If they can help out companies they sure should help local governments. The only problem is we spend money we don't have. WHAT A MESS!! LOOKS TO ME LIKE THE AMERICAN WAY OF LIFE MAY BE ON THE BRINK!!
IP: Logged |
posted
Hmm, so after 911, many took the President's words as a patriot and went out and shopped, even with money they didn't have so they could show the terrorist's that America would still be America. Problem was that the President and Government decided that America was no longer America and decided to change it.
Do you like the change?
Me, I'd pay more taxes in order to keep the freedoms that the country was based upon and make sacrifices where neccessary.
I was prepared, at the time, to do whatever was necessary. To show the terrorist's that they could not change America. I guess I was in the minority. Or was I?
IP: Logged |
posted
I was prepared, at the time, to do whatever was necessary. To show the terrorist's that they could not change America. I guess I was in the minority. Or was I?
posted
naive? i usually refrain from posting osambinalivetoolong quotes, i'm sure this is just a coincidence...
Bin Laden: Goal is to bankrupt U.S. Al-Jazeera releases full transcript of al Qaeda leader's tape
Monday, November 1, 2004 Posted: 8:07 PM EST (0107 GMT) (CNN) -- The Arabic-language network Al-Jazeera released a full transcript Monday of the most recent videotape from Osama bin Laden in which the head of al Qaeda said his group's goal is to force America into bankruptcy.
posted
Yes, naive. No one said anything to the average citizen about spending above ones means and blaming it on terrorism. Only the government is allowed to do that and get away with it.
Well, I guess banks are included now too, the auto makers might be next, and then the airline industry.
posted
Democrats in the lame-duck Congress are pressing for a bailout of Detroit's Big Three with money from the $700 billion Wall Street rescue package. But President George W. Bush and many Republicans have come out against the idea, arguing that the financial rescue package was not intended for such uses, and that a bailout would reward poor management and lead other industries to demand government handouts.
posted
watch this video, Peter Schiff is one of the people that i stop what i'm doing and listen to when he's on. it always amazes how many people get on TV that have no clue what they are talking about:
posted
It may indeed. But there is also the possibility that its success as a savior of the financial segment of our society isn't as important as its "other" effects (affects too, maybe).
Much of the "announced" efforts toward the "New Deal that "Roosevelt gave via "Fireside Chats" were never successful and were never expected to be by those "in the know". It was the "Fireside Chats" themselves that made the Nation able to survive.
There is so much more to successful politics than waging election campaigns and organizing votes in Congress (and even more than reconciling the Treasury). There is leadership.
IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Big Grin]](biggrin.gif)
