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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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The Dream is Over
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???
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"Some Observer"
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