Comments on: Bush Economy Gives Working People The Finger

By: goldstandard

goldstandard — Fri, 18 Jan 2008 03:50:25 +0000

Poor old Helecopter Ben Bernanke is going to go down in history as the sacrificial lamb when everything economic went pooooof! I’ve said it here for a long time and now the pain after the gain begins to take hold. All numbers coming out of government are manipulated as is every segement of the financial markets by the PPT ( Working Group On Financial Markets ), but now the game has to come to an end. At best, both Bernanke as well as the Federal Reserve will be disembowled as the albatross it is. A hold out of the old guard whose only concept of power was to surpress free trade while holding the price of real money ” gold” down all these years. The only problem with their way of thinking was that the rest of the world always knew that gold and silver were real money. Not the monopoly money printed by the Fed with nothing but hot air to back it.
The great minds in Washington gave the chinese as well as anyone else who wanted to buy our debt, the ability to one day turn the financial tables on us, and that is exactly what is happening before your very eyes. The dollar is toast and the more we print, the higher the cost of everything goes due to the effects of inflation.
There is plenty of blame to go around, but the yellow brick road heads straight to D.C. where corruption in both politics and banking have prevailed for decades. The rest of the world has had enough and now a new paradigm will be put into effect. Actually, it isn’t new, but quite old. It’s what the founders of our country called honest money. Constitutional coin in gold and silver and the rest of the world will do the same.
Many may continue to listen to the man behind the curtain, but in reality, the current emperor has no clothes. The moron in chief will probably address the nation soon, but the sad fact is that we will all be paying for living beyond our means for a very, very long time.

By: DWBartoo

DWBartoo — Fri, 18 Jan 2008 03:17:08 +0000

Having literally exported the means of manufacture, denigrated the skills and wisdom of those who knew ‘how’ to manufacture and robbed so many of their dignity (not to mention pensions, investments, and hopes) what may we ‘make’ that others might want?

Were we to invest in taking the ‘lead’ in developing alternative energy
technologies etc. we might have a chance.

Right now the only exportable ‘commodity’ we possess is weaponry.

Do you think the rest of the world wants anything else we have to offer?

Right now, our future looks rather grim.

By: MarkH

MarkH — Fri, 18 Jan 2008 02:42:43 +0000

What do you see as being the event that will be the proverbial straw that breaks the camels back,in your estimation, what is the most likely shoe to drop?

When George W. Bush was elected in November 2000 this was all inevitable. The market responded at the slightest hint that he *might* be elected by dropping quickly and pushing us into immediate recession. Now other substantial changes have occurred, so that even more financial recession is necessary.

It’s all George W. Bush’s fault!

By: MarkH

MarkH — Fri, 18 Jan 2008 02:39:07 +0000

… how can the U. S. hope to compete. The only answer I’ve ever heard, by Friedman, et. al., is that we have to rely on constantly inventing new industries and services.

In the 1960s, perhaps even going back to the ’50s, the Japanese had a national motto, “export or die”. Maybe now is our time to live that motto.

Now that the dollar has fallen it should be much easier for us to export goods, but only if we have the goods other people want to buy.

By: MarkH

MarkH — Fri, 18 Jan 2008 02:33:32 +0000

The next lovely axe drop is cc walkaways.. people who ran up huge cc bills and walk away from paying them leaving the banks with more “bad loans”.

Something else very similar is people going bankrupt or walking away from health exorbitant care bills. What else are people to do?

By: DWBartoo

DWBartoo — Thu, 17 Jan 2008 18:28:22 +0000

Of course, dakine, I agree, and was only trying to suggest that there is a double standard that reflects both class-warfare and the deliberate misuse of languge which today is so prevalent.

Nonetheless, I hear you and respect your gentle reminder.

By: dakine01

dakine01 — Thu, 17 Jan 2008 18:21:49 +0000

Davi,
I believe the point is, we don’t want to do and advocate things here at FDL that can have negative repercussions for Jane and Christy. I know I’ve read that Christy is not a happy camper when she has to respond to legal authorities over something someone might have advocated in a comment.

If you appreciate the forum here at FDL, you would respond similarly and turn off the snark for just a bit.

By: DWBartoo

DWBartoo — Thu, 17 Jan 2008 18:17:22 +0000

Yes, siri, ‘the LAW’ applies to everyone except those whom Georgie has said are either above the law or those whom he has deciderated are subject to no law whatsoever. That is what ‘Libby-ration’ means.

Now, Free-dumb is another inneresting aspect of his view of De-mock-ra-see, this may be seen at work in Ear-rock and possumly in I-ran.

Please, try to keep up to date with these ‘im-pruv-al-mints’.

By: egregious

egregious — Thu, 17 Jan 2008 18:06:23 +0000

Because that is advocating breaking the law, which won’t get you very far here.

By: siri

siri — Thu, 17 Jan 2008 18:00:27 +0000

SCREW giving us some of our money back! How about if the feds just QUIT TAKING IT! HOW ABOUT IF WE JUST STOP GIVING IT TO THEM????!
siri@legitgov.org
www.legitgov.org