USA Walking on Edge of Economic Precipic e

“So the stock market rallied yesterday because the Federal Reserve lowered the rate a half a percent. The Bush spin meisters are shilling the "strong economy" mantra. The hoi polloi are happily drinking their diet Pepsi and eating large bags of Cheetos as they watch Monday Night Football. George Bush is telling anyone who will still listen to him that "we are kicking ass" in Iraq. So it must be time to max out the credit card again right?

Well not exactly. And you kinda know this when you leave the grocery store or Home Depot and realize that you can't even walk out of those places anymore without dropping 100-200 bucks!

XL might say some like this. "What the hell is going on?! I voted for George. He's a conservative. He talks less government and less government spending. It must be those libbies that are raising prices! Dirty Commies!"

Poor XL, just a dumb slob of an American who doesn't have a clue that the country blindly walks on the very edge of an economic cliff as high as some at the Grand Canyon. Sadly he will find out soon enough.

Read, Discuss, Enjoy

http://prisonplanet.com/articles/september2007/180907Surge.htm
last edited: 9/19/07 9:03:44 AM”

“SH, don't worry , be happy that your even greater grandchildren will be there to pick up the 'what ever the chinese word for bill is'.”

“Capitalisms' lifespan is two hundred years. Then Hollywood has to take over- What was his name? Sorry for what I said, i just realized my elbow was on a copy of Jared Diamonds' 'Collapse'.
last edited: 9/19/07 9:33:11 AM”

“The whole world is on the precipice about to tumble over due primarily to the over-shoot in human numbers and the over-shoot's 2 offspring, peak oil and human-caused climate change and don't forget about possible pandemics and military conflicts.

There will be no way for most economies to smoothly go thru the coming decades, even though there will be great opportunities for innovative individuals.

The infusion by the Federal Reserve of cash into the markets combined with he lowering of interest rates is much like giving steroids to an ill-patient, near-term positive gain but long-term degradation.
last edited: 9/19/07 10:31:04 AM”

“double post.
last edited: 9/19/07 10:11:33 AM”

“The libs have said how the economy is going to tank at any moment, ever since Bush took office. The reality is it tanked twice in recent times. Once, after the dot-com bust (I don't hold Clinton responsible for that) and after 9/11, when it quickly rebounded afterwards.

The sky is falling indeed.”

“So this is Israel's fault, right?”

“The change of ebb and flow of the economy is normal. The economy will rebound. It always has and it always will. And then we will have a down turn again.”

“What was it...in 1980 (during the end of the JIMUH Malaise) the top selling book on economics was surviving the coming depression....in 1986 the top selling book was surviving the coming failure of the market.”

“Sure, they're going to follow you home-libbies that is, they're every where waiting to raise your taxes and take away your rite to be tassered. But, those nice connies say we're into the tank unless the rich never pay another dollar in taxes and they have to double spending every quarter,from now on. My other elbow was on that damned Jared Diamond book.”

“No I think the people who have a smidgen of reality in their world (not the stuff on tv by the way) will tell you when you TAX success you limit success....success builds JOBS which creates Growth

The GOVERNMENT does not Produce anything.”

“Every so often I think I understand what the hell you are talking about and then just as quickly I find out I am wrong.”

“Cliff is a bit of a riddler and rather entertaining in that respect.

Kooky, but not a paranoid kook like some of the propaganda boys who flame this place every day.

Cliff............like a rock only smarter.”

“The is not exactly the court that OJ stepped out of - this is the backside of whatever you probably think it is, thus , all you knew has to undergo a long contested phasing process. None of which I would intentionally apply without smoke signals being sent from hill top to hill top on the last thursday of every 13th month.”

“See, makes perfect sense to me.”

“Regardless I choose not to participate in your "coming economic disaster" I didn't participate in the Malaise of JIMUH in the 70's, refused to participate in the post Tax increase recession of the end of Bush 41....just kept doing more and making more money.”

“If Bill Gates doesn't want to pay 50% on all income over 2 million a year, he'll have to learn to bounce the ball at nights in the black market cash league. You know that lower taxes is a bribe to outdo the tax exempt crap that's been written over the last 35 years.”

“I got a kick out of the 60 Minutes story about people in US churches donating money to help build Jewish settlements in the West Bank.... because they want Armageddon and the Rapture to take place in their lifetimes.

Where did I put those black Nikes.... ?”

“".......because they want Armageddon and the Rapture to take place in their lifetimes."




It looks like those folks missed the boat.”

“The is not exactly the court that OJ stepped out of - this is the backside of whatever you probably think it is, thus , all you knew has to undergo a long contested phasing process. None of which I would intentionally apply without smoke signals being sent from hill top to hill top on the last thursday of every 13th month.”
uncliff

WTF! Argggggggggggg...quit. You're giving me a damn headache. lol”

“And you say *I'M* incomprehensible....”

“Hey Tilt! I understand you a littlebetter now that I've met and hiked with you. But sometimes I don't have a clue.

This is way off subject - but do you ever watch that show "Universe". Can't remember the channel, but I saw it for the first time last night. The show was about the sun and man it was great. They talked about sun storms and how the last one was in 1859. The storm didn't creat too many problems back then because the only real technology was telegraph. But if it happened today, the affect could be very devastating due to our reliance on technology. Talk about the world ending!! LOL”

“Creek Dancer, I saw that episode of The Universe on History Channel.

That is a very cool series and I can't understand how a space case like Tilt could miss it.”

“Ahhhh, it was the History Channel. Cool. I need to find out when the next show is going to be. Yup, I figured he may have seen it.”

“Sh , Blackwater must cost a couple hundred grand a bottle , Ah?”

“I'm sure they cost at least that much.”

“So Uncliff...we are going to put a MAX on what people make...ie Success?


Good idea, lets take that to say basketball. Hey if some overpaid sports star scores 20 points in a game I say THATS ENOUGH....so he will pay a tax of 2/3 of the future points. To be NICE we will give his points to some of the guys on the bench...(LOL)

Good Socialisim there Eye Dee Ten T”

“Yaz.... Tuesday night was a trifecta, great stuff on the History Channel and Public TV down here.  We had a full evening of Active Galactic Nuclei (supermassive black holes), Gamma Ray Bursts at the edge of the Known Universe, colliding galaxies.... All very exiting, but best viewed as animations on television rather than in person ----

In keeping with the theme of the thread (kinda, sorta) there was a show on Dark Energy last week that put it all into perspective.  In about 50 billion years, or so those pointy-headed guys Stratdewd used to talk about have theorised, we'll have "The Big Rip".... where the Universe is pushed completely apart, star formation stops and all the remaining stars burn out.

It doesn't stop there, though.  The process continues until all the stars and planets are destroyed and eventually even atoms and subatomic particles are ripped apart.  Hence "The Big Rip".

Well, on THAT cheery note..... Have a pleasant Thursday!


(P.S.   Don't tell Dan --- He'll blame it on Socialism.)”

“Earth is melting, the economy is teetering on a knife edge, riots in the streets, apocalyptic disease and death. It is all George Bush's and the United States fault.

Translation: You can't admit your personal choices have left you in financial despair and you can't afford to get high.”

“bacpac makes a good point”

“I just hope the wackos stockpiling guns and ammunition for the End Times aren't in my neighborhood.”

“I would say dead on right.


Tilt I gotta ask...what science lab do you work at? Unless its SRS I can't think of any in our area.

Those are pretty cool topics, but I was just wondering”

“It's just a hobby.”

“Social Tea Cookies are nice with strong black coffee. Black Holes and the Big Rip can wait.

”

“The top rate on income in 1955 was 91% and 25% for cap gains. Now that is limiting how much the successful bring home.I really don't remember it slowing down progress and yankee enginuity at that time after the war.

If a tax cut, as it does , stimulates the economy and creates growth, then why does not a tax increase slow the economy and fight inflation? Oh, you are right again . It's far more fun to run the country out of business by cranking up the discount and fed fund rates.remember a month ago when bernanke was talking inflation over and over?

Again, as I said somewhere yesterday, tax cuts ,for the successful, are bribes to pull money out of the stupid tax free investments that have sprung up in our, 'pay to play' tax code over the last 35 years and invest it in something more useful , like ethenol. hehe
last edited: 9/20/07 5:27:44 AM”

“Well...If you will take REGULATION out of something I see natural selection making things stronger.

And while you have a some what outdated Keyensian theory of taxes you need to understand that 'artificial control" of anything is BAD. Do you remember the great NIXON price controls on meat on the 1970's???

What happened? Well the same thing that has happened since 1917 in the Communist Countries...the cuts of beef under control were CRAP. There were a slew of new cuts coming out.

No I have to disagree in taxes, if we would develop a Fair Tax (as identified by Cong. Linder) that would eliminate the controls on SO many steps of the process you would see corporations MOVING to the US.

let put it in somewhat similar terms.

You have a choice of two places to go backpacking.

1. One has a basic fee, per day, you are pretty much required to take care of yourself, but there is little "control" other than enforcement of basic laws.

2. You know when you get there you have a fee to get in, there is a fee to hike, you have a restriction on how fast you can hike, where you can hike, where you can camp, how your tent must look etc.

Which one do you pick?
last edited: 9/20/07 5:43:44 AM”

“What exactly is a "fair tax" according to the person you referenced?

This is an area of interest for me.”

“Anything you would do will lead this country on the same path it's already on - to become just like Mexico.

Read a little about the hedge funds ,that are just little gangs with lots of money that have no regulation and are in great part responsible for the mortgage problems.
When the large home builders and the 'Fly by night ' mortgage companies form these gangs-Yah- it's no different than the Mexican drug Cartels.
A fair tax, with people of money and no borders, would lead to a black market just like the 'drug war'. Value added tax is the only one than will ever be collected. but , then it also does not deal with the excesses that lead to Mexican type governments.”

“Consider if you will the unfortunate case of XLax, just an extraordinarily stupid American trying to get by in TT Feugo. He bumbles along trying to make pertinent observations but his mind is off on tangents of 1917 meat prices in Bolshevik Russia and Democrat Party taxation. He doesn't realize he is about to go off on a strange journey. A journey into a hellish place known as the Federal Reserve Induced Inflation Zone.


LOL! XLax you f*cking clown! Get a clue.
last edited: 9/20/07 9:40:33 AM”

“Bernanke, what a hero. Inflation is going to follow you home and get between the sheets with you. Bernanke #2, we better kick the stops out from under those logs so they'll roll down and make more houses - here's an extra 25bps.

Bernanke #3, no one ever suggested raising cap. gains tax rates instead of interest rates. That's good old american freedumb and your tax dollars at work.”

“Yep, I guess some of you young'ins dont remember the rampant double digit inflation we use to have....”

“Predictions of dire economic collapse come around every year.”

“Yep, I guess some of you young'ins dont remember the rampant double digit inflation we use to have....”
Lumberjack

Oh yeah, I remember that. I think Carter was in office.”

“1980 when the barker got me to swing the hammer and gold went up to $800 and rang the bell for two days and then fell back down on my toe? 22% inflation? Tall Paul Volker to the rescue and all of that debt that mounted in the next 12 years? No, I don't remember anything .

All because of a nice little jam, way down yodder in Viet Nam?
last edited: 9/20/07 10:37:20 AM”

“It will certainly be interesting to see what the rising gas prices and housing problems will do to the economy. Bush in his wisdom mandated that the mortgage industry make it easier to buy a house. Now there is no money availible for most and a glut of unsold homes on the market and foreclosures are skyrocketing....

Two years ago I almost picked up a 170k property and had lenders lining up for the privledge... now its all gone up in smoke.. too bad I wasnt ready and did the responsible thing. :}”

“What are you talking about Lumberjack? I don't recall that Bush mandated any such thing with respect to the mortgage industry. Can you show me a reference for this?”