tag:blogger.com,1999:blog-27697009.post7918506596514908655..comments2024-02-29T03:21:35.007-08:00Comments on The Great Depression of 2006 : Will We Stop 1929 from Repeating?Jim in San Marcoshttp://www.blogger.com/profile/09435296419912935381noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-27697009.post-43521916037041256232012-05-01T20:28:33.618-07:002012-05-01T20:28:33.618-07:00Hi Anon 7:42
You raise an interesting point, huma...Hi Anon 7:42<br /><br />You raise an interesting point, humanity as a group never learns from history and I think I have figured out why. The average person in not interested in history, he is interested in making money and feeding his family. The drive to get rich leaves history in the back seat.<br /><br />You're right about Presidents, they get the credit for what is actually done or not done in Congress.<br /><br />As for our increasing bureaucracy, read "Democracy in America" by Alexis de Tocqueville. He was a Frenchman who toured the US in the 1800's. He reflected back on France's bureaucracy as the later model for the US. I believe it is kind of a progressive thing that as a country we will not escape. Even just skim reading his quotes shows an uncanny insight into the US as a country. And it was written 175 years ago.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-80833295089028404262012-05-01T11:23:20.582-07:002012-05-01T11:23:20.582-07:00Anon 6:30
People in the 1930s woke up one day to...Anon 6:30 <br /><br />People in the 1930s woke up one day to find their bank closed and their life savings drained. People in the 2010s will wake up one day to find their accounts recapitalized by the FDIC and $50 per gal gas and $30 bread.<br /><br />At least the FDIC can say, "Hey, we said it was insured and we fulfilled our part of the deal. You have the same number of dollars you used to have in your bank account." It's true that history doesn't repeat but it does rhyme. We will be able to boast that for a brief moment, we were all multi-billionaires, while we queued up for the soup lines.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-42015433500733197942012-04-28T19:42:59.502-07:002012-04-28T19:42:59.502-07:00Repeating 1929? I believe that we continue to repe...Repeating 1929? I believe that we continue to repeat history and in some areas... we never learn. Fiscal and monetary problems (and social) occurred in the Roman Empire similar to what we have now. We didn't learn. The history we are taught in American schools has been white washed and much of the facts and reality has been extracted or altered. The result of government and corporate involvement in school systems. Historians have been handicapped by this problem. <br /><br />I think history will always repeat, or at least rhyme, until Man makes major inroads into the human mind. <br /><br />History needs to be recorded accurately or the future race can't benefit from it. You have to read people like Howard Zinn or Thomas Woods to get a more realistic view of American History.<br /><br />The idea that Hoover did nothing and was laissez faire is totally false. That FDR was a great president is also false. These "leaders" turned a 2-3 year panic into a 15 year depression and socialized our country at the same time. <br /><br />The American people have no understanding of the Federal Reserve, its history and its true statistics... and the untold damage they have done to our economy, country and currency. The American people don't know the difference between Keynesianism or central planning governments versus Classical or Austrian economics.<br /><br />If the American people had a good historical education they would never have allowed things to deteriorate as much as they have or allowed our Presidents and Congresses to take us down the wrong paths.<br /><br />The Constitution was created so that the States could give certain powers to the Federal Government yet prevent that government from growing out of proportion. Now the Federal Govmt controls ALL, the States are total shells, this has been a complete inversion of the government our forefathers created. Obama, like all other "leaders" before him, promised in his inauguration that he would uphold and defend the Constitution. He, like the rest of Congress, laughs as he wipes his ass with it. <br /><br />The American people don't even realize this.<br /><br />An educated body politic deserves and expects a sane government. We're not educated so we've got what we got. And we deserve it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-70957684071185643412012-04-28T08:22:26.324-07:002012-04-28T08:22:26.324-07:00Could it be we're actually experiencing our ow...Could it be we're actually experiencing our own "lost decade," just like Japan in the nineties (and "oughts" as some claim)?SurvivalAndProsperity.comhttp://www.survivalandprosperity.comnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-38378450918924125522012-04-27T21:09:25.592-07:002012-04-27T21:09:25.592-07:00Hi Anon 6:30
I agree completely. If you take a st...Hi Anon 6:30<br /><br />I agree completely. If you take a steak and put it on a photo copier, you don't get a second steak for the barbecue.<br /><br />Printing money never made anything. Currency is a faith judgment, you lose faith, the currency becomes worthless. I kind of wonder how long we have got before this problem hits the fan!Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-67456594556893664142012-04-27T21:00:31.365-07:002012-04-27T21:00:31.365-07:00Hi Anon 1:39
Thank you for the link, I would have...Hi Anon 1:39<br /><br />Thank you for the link, I would have missed it without your post. It's a very good read.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-6799561147299769982012-04-27T20:48:29.886-07:002012-04-27T20:48:29.886-07:00Hi Anon 12:47
Thanks for sharing the link. I do...Hi Anon 12:47<br /><br />Thanks for sharing the link. I don't think we can count on Congress to cut its own throat on this and vote for it. But if we had 2/3's of the states vote for a national convention something just might happen.<br /><br />The big worry is, that too many cooks could screw up the Constitution Royally at a convention. For example, the right to bear arms came from an era when everyone had flintlock rifles and pistols. We might end up with more change than we wanted--just by accident.<br /><br />Sending it to 20 people can't hurt, we need an alternative to what we presently have.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-61971422869944757252012-04-27T18:30:23.845-07:002012-04-27T18:30:23.845-07:00FDIC Insurance is no insurance at all. The 1930s ...FDIC Insurance is no insurance at all. The 1930s depression did not happen from a lack of paper money, it happened from the inability of borrowers to deliver goods and services represented by the money they had originally borrowed and lost.<br /><br />If the FDIC runs out of insurance funds, it will simply ask the Treasury for more cash. The Treasury will then issue and sell new bonds to the Fed in exchange for new cash. However, the new cash is not represented by any new ability to deliver goods and services.<br /><br />The "wonderful" effects of the printing press is a fallacy that economists fail to recognize. In reality, money has a dual nature: it is an instrument of exchange for goods and services, and an instrument of savings of wealth. By printing more money, one is simply "cashing in" the savings of wealth value for the immediate exchange of goods and services value. Nothing is created. <br /><br />Then the money turns to dust and everyone wonders what happened. No one could have seen it coming!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-14857602250549990522012-04-27T13:39:32.316-07:002012-04-27T13:39:32.316-07:00An amazing speech. How could anyone at the Federal...An amazing speech. How could anyone at the Federal Reserve return to work the next day after this speech? Easy to do if you have no conscience and a hidden agenda that you are either wittingly or unwittingly forwarding.<br /><br /><br />http://www.zerohedge.com/news/robert-wenzels-david-speech-crushes-federal-reserves-goliath-dreamAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-13967992261283185822012-04-27T12:47:56.405-07:002012-04-27T12:47:56.405-07:00JIM. I HOPE YOU DON'T MIND BUT I HAD TO POST T...JIM. I HOPE YOU DON'T MIND BUT I HAD TO POST THIS BECAUSE IT CAME AS AN EMAIL AND I DON'T HAVE A LINK. IT IS SO IMPORTANT FOR YOU AND YOUR READERS TO SEE. IF EVERYONE DID PASS IT ON TO 20 OTHERS MAYBE A GRASSROOTS MOVEMENT COULD START UP. HERE IS THE LINK THAT PROVES THAT BUFFET SAID THIS.<br /><br />http://www.youtube.com/watch?v=uNEp7q30JCw<br /><br />HERE IS THE INFO ON A CONGRESSIONAL REFORM ACT.<br /><br />Warren Buffet: "I could end the deficit in 5 minutes," he told CNBC.<br />Warren Buffett, in a recent interview with CNBC, offers one of the best quotes about the debt ceiling:<br /><br /><br />"I could end the deficit in 5 minutes," he told CNBC. "You just pass a law that says that anytime there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election.<br /><br />The 26th amendment (granting the right to vote for 18 year-olds) took only 3 months & 8 days to be ratified! Why? Simple! The people demanded it. That was in 1971 - before computers, e-mail, cell phones, etc.<br /><br />Of the 27 amendments to the Constitution, seven (7) took one (1) year or less to become the law of the land - all because of public pressure.<br /><br />Warren Buffet is asking each addressee to forward this email to a minimum of twenty people on their address list; in turn ask each of those to do likewise.<br /><br />In three days, most people in The United States of America will have the message. This is one idea that really should be passed around.<br /><br />Congressional Reform Act of 2011--or 2012: <br /><br />1. No Tenure / No Pension.<br /><br />A Congressman/woman collects a salary while in office and receives no pay when they're out of office.<br /><br />2. Congress (past, present & future) participates in Social Security.<br />All funds in the Congressional retirement fund move to the Social Security system immediately. All future funds flow into the Social Security system, and Congress participates with the American people. It may not be used for any other purpose.<br /><br />3. Congress can purchase their own retirement plan, just as all Americans do.<br /><br />4. Congress will no longer vote themselves a pay raise. Congressional pay will rise by the lower of CPI or 3%.<br /><br />5. Congress loses their current health care system and participates in the same health care system as the American people.<br /><br />6. Congress must equally abide by all laws they impose on the American people.<br /><br />7. All contracts with past and present Congressmen/women are void effective 1/1/13. The American people did not make this contract with Congressmen/women. <br /><br />Congress made all these contracts for themselves. Serving in Congress is an honor, not a career. The Founding Fathers envisioned citizen legislators, so ours should serve their term(s), then go home and back to work.<br /><br />If each person contacts a minimum of twenty people then it will only take three days for most people (in the U.S.) to receive the message. Don't you think it's time? <br /><br />THIS IS HOW YOU FIX CONGRESS!<br /><br />If you agree, pass it on. If not, delete.<br />You are one of my 20+ - Please keep it going, and thanksAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-4187794895746814502012-04-26T11:28:54.333-07:002012-04-26T11:28:54.333-07:00When I was a senior in high school and got my firs...When I was a senior in high school and got my first car, my grandfather's Buick Special, it cost me $3.50 to fill up the 10 gallon tank (35 cents per gallon). That was 43 years ago.<br /><br />I just filled up the 10 gallon tank of my Toyota pickup truck and it cost me $41.80 ($4.18 per gallon).<br /><br />A 1200% increase. That is an average of a 35% increase per year over that 43 year period.<br /><br />Can you imagine what the average annual increase percentage will be over the next 10 years?!<br /><br />Bicycles and scooters might become a big "fad" over this next decade. As well as Rockport walking shoes.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-6808250064675153652012-04-26T11:15:54.965-07:002012-04-26T11:15:54.965-07:00I just hope the flavor of the ice cream isn't ...I just hope the flavor of the ice cream isn't compromised when the government legislates that a special tranquilizer must be an ingredient in all snack foods in order to keep the masses from becoming too restive about the the increasing taxes and wars that the military industrial congressional complex have planned... the lack of jobs... the lack of social services... the lack of the USD's purchasing power... the lack of privacy (due to the Utah Data Center and all of the surveilling drones flying around recording and videoing all "suspicious" activity)... the lack of gasoline for their cars... the lack of money needed to have food, energy and shelter and medical services let alone to maintain their standard of living which is slowly dwindling down.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-69581164818374628252012-04-24T20:10:15.092-07:002012-04-24T20:10:15.092-07:00Hi Anon 5:02
I know what you mean.
Back then, I ...Hi Anon 5:02<br /><br />I know what you mean.<br /><br />Back then, I use to get 50 cents a week as an allowance and it went a lot further, than today. The only thing that hasn't change with ice cream over time is the taste, it's still yummy!<br /><br />The thing that worries me, is that Congress can change that, look what they did to McDucks french fries.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-55406129883610788282012-04-24T17:02:38.252-07:002012-04-24T17:02:38.252-07:00My husband and I were traveling recently and stopp...My husband and I were traveling recently and stopped at a turnpike restaurant for an ice cream cone. It was priced at $4.50. We started reminiscing about the ten cents we paid for ice cream in the 1960s.Anonymousnoreply@blogger.com