The Dream is Over

[tabs]

AHHHH...Just grabbed myself a beer and sat down....I'm gona get my kicks before the whole **** house goes up in flames...

Boyz it don't matter if your job is being outsourced or your makin a million bucks a year...we are all FKED....

Unless somethin changes we are gonin down, and it's gona make the Great Depression look like high times...Social Security is gona be a memory you children can say Grandpa used to get...and Dad is now eating outa garbage can...Yummmm..tastes just like Mickey D's...

What the lead problem is...is the current acount defceit the USA is running...at $500B or 5% of GNP how long before other countries will have so many $$$$$ in their hands that they won't want anymore. It's those silly Chinese and Japs and Taiwanese that have bin sucking them up to keep the $ strong so that their imports seem cheap. Let alone those rag headed Arabs who have oil in their backyards.. Also boyz all those countries holding $$$ to pay for their oil are also keeping the buck afloat...so if the USA $ is no longer the Worlds reserve currency.....kiss another kick back scheme to keep the $ artifically high... good bye....

What makes those countries love to invest in America..well it's been the relative stability of the US economy, currency and political process...but as economic pressure build with increasing debt load that creats instability...allready the 2 political parties are at each others throats to see who gets the pile...of loot...or who is gona get to rob the Treasury this year.

BTW You all can thank former Federal Reserve Chairman Paul Volcker for the thoughts contained in this diatribe...

I don't know it seems like I see a lot of doom and gloom ahead....Starting in the late 1970's on I said, "The USA conducts biz as usual, even to our own long term detrimnent." I could see we would be doing this as far as the eye could see...well 26 years later we are still doing it, even though for a brief moment in the mid 90's it seemed like we had turned a corner. Now you add the uncertainity of Global Terrorism and the pervasive anxiety that entails...and the cracks are starting to appear in the economic system...

9/11 was the first time since the 1970's that I changed my outlook..things changed like an earthquake can change a landscape.. the we can continue to do biz as usual myth is now heading into it's last desperate gasp of breath stage and this is the calm before the storm.. pretty soon it's gona be desperation time...especially as the Baby Boomers start hitting retirement age...welcome to poverty folks...

Our country has squandered it's national treasure on a misadventure in SE Asia in the 1960's, putting a tax code into place that favors spending over saving, it's various entitlement programs to corporations as well as indivduals, poor imigration policies of not shooting to kill at the border. and building tanks and fighter planes instead of Numerical Control Machines or Milling machines or just plain Tractors...what else have I missed???

[Victor]

You pride yourself on likening your BBS presence to cancer?

[djmcmath]

Tabs, I didn't even read your post, but I am curious to whom you are also known as "The 'Magnificent One.'"

[motion]

I'm wondering what the casinos are putting in the buffet food...

[Scooter]

Blah...Blah...Blah...Blah...Blah.Blah.Blah.Blah

Originally posted by tabs
Ignoring Tabs is like ignoring cancer

Tabs is to cancer, as cancer is to Tabs.

[tabs]

Tabdula the Prophet is here to enlighten the "common laity" to show U the path of the rightous..and if U try to ignore him..the truth of what he says doesn't go away...but the misery in which U find yourselves will be compounded...so it is with great trepidation that you should step when confronting Tabdul the Magnificient....Praise be Allah....Allah is the Greatest...

Beside that I watched an interview with Paul Volcker...ex Chairman of the Federal Reserve...and the guy whose principles Allan Greenspan our current Chairman follows.

[island911]

hmmm. . .interesting replies . .
I think Noam Chomomski is right; the free-market economics model of media leads inevitably to narrow, normalized set of ideas. . . .If someone throws-out an idea outside that narrow norm, people can't handle it. ( my interpretaion . . I may have missed his point there, entirely)

Anyway;
"What makes those countries love to invest in America..well it's been the relative stability of the US economy, currency and political process"
That I can see. (thinking effect of 1994 republican congress)
"but as economic pressure build with increasing debt load that creats instability"
That I can see, but to a much lesser degree than the polyanna (we are all doomed) senario.

In the long run, debt dissapears. . . one way or another. That is what affects investment. Gorish "Lock-boxes" and "debt to our children" are attempts to appeal to that narrow view that individules have. Yet world $'s are not like personal savings accounts.

For the long run; What is important is a highly educated populace with opportunity to get their ideas rolling. (read: right culture, cheap energy and minimal obstacles -bureaucratic, or otherwise.)

Note: Either Noam was right, or "posted by tabs" should get you angry like the devil.

[tabs]

Debt magically goes away one way or another? We have bin pilin up the debt for quiet a few decades now..... with no end in sight. Further the Baby Boomers are coming on line for their entitlement..Social Security and Medicare.

Basically the thrust of my rant was a reiteration of what Paul Volcker and Allan Greenspan have expressed. I tend to take a look at the worst case scenario...what you'll probably see is a gradual worsing of the situation...eventually the cupboard will be bare, unless something changes in the way the USA does bizness.

[Icemaster]

Are you venting here, or is there some point you're trying to make?

[tabs]

Solutions

1. Raise Taxes to meet current levels of governmental expenditures
2. Change the Tax laws to promote saving instead of spending..the dividend tax break was a step in the right direction.
3. Move tax revenue from entitlement and military spending into infrastructure and education.
A. The current eductional system needs to have a major overhaul..it is broken.
B. The American People have to REALIZE the party can't go on forever..everybody can't live like millionaires. An attitude change needs to take place...Instead of relying on the educational system to take care of the educational needs of their children...parents must take responsibility to make sure that their children are educated... so that they can be competative in the world market.

In other words Americans need to revisit it's savings ethic and realize we face global competition that is going to effect Americans standazrd of living...gone are the halycon days of the 50's and 60's for the American worker.

[nostatic]

you take over, I'll put a nickel on the dream being under.

[RoninLB]

Originally posted by island911
; the free-market economics model of media leads inevitably to narrow, normalized set of ideas.

. I may have missed his point there, entirely)


In the long run, debt dissapears. . . one way or another. That is what affects investment.
Yet world $'s are not like personal savings accounts.

educated populace with opportunity to get their ideas rolling.

(

that'll be a lot of words for a reply on this thread.

[tabs]

Originally posted by island911
Note: Either Noam was right, or "posted by tabs" should get you angry like the devil.

Dr. Island you forgot to list the third reason why they might be disssing the Magnificent one...they are stupid!

[island911]

Originally posted by RoninLB
that'll be a lot of words for a reply on this thread.

A guy gets a flat tire on a twisty mnt road, right across the fence of a mental institution.

It so happens the institutionalized are out for their daily fence walk.
One guy stops to enjoy the tire change event. . .with his face up against, and his fingers through the metal mesh, he shouts to the motorist "Righty-Tighty -Lefty-Loosey"

The motorist, feeling rather uncomfortable peeps out a 'thanks' and thinks; 'lefty' isnt the only thing 'loosey.'

The motorist hurries along, set down the spare, pops the hub cap, removes the lugs, sets them neatly in the hub-cap.

He removes the blown tire and moves to carry it to the trunk when he is startled by "Righty-Tighty -Lefty-Loosey"

The motoist jumps and realizes to his horror that he has just kicked the hub-cap, full of lugnuts over the steep roadside embankment.

His mind racing he wonders if he should approach the guy on the fence to fetch help.

Suddenly he hears "A nut from each other wheel will get you home." The motorist is again thankful, and this time gives the guy on the fence a sincere 'thank-you'.

The guy on the fence replies, "sure . . . no problem. . . I may be crazy, but I'm not stupid.

[tabs]

I just write these notes down as Mother speaks....I really do try to get it write when I right them down on this Board.

[RoninLB]

Originally posted by island911
The guy on the fence replies, "sure . . . no problem. . . I may be crazy, but I'm not stupid.

keeping w/ the theme.

" The bad news is that the patient whose life you saved hung himself in the bathroom and died."
sic replied, " Doctor, he didn't hang himself. I hung him there to dry"

[joeclarke]

and to think that I have held this man in variable esteem. I recant all my ill thoughts. Not only does he have a firm grip on what's happening in our world, he's talking pure genius now...

That' s me quoting myself about Tabs in another thread - in that thread (unwashed masses... etc.) he is hitting the nail on the head.

But you hate to encourage him too much...

I appologize.

[SteveStromberg]

We need a 100 percent Tariff on goods from China. Get back to a Real Money system , Deport all the Illegales, Drill in ANWAR,Kick Chavez out of Venesula.Fly over Cuba and drop 10 millon in One dollar bills over the country side, that would throw castro out of power as the masses of Cubans would be out looking for the money,Charge DMV fees on the weight of the car or Suv something like over 3500 lbs and is 50 cent a pound per year,I havegot plenty more.

[araine901]

I think the bar tender needs to cut tabby off.

[campbellcj]

Even though tab's presentation is a bit "over the top" (to say the least), these are the facts.