tag:blogger.com,1999:blog-27697009.post1292785714914185567..comments2024-02-29T03:21:35.007-08:00Comments on The Great Depression of 2006 : Faux Government Investment Reality and Retirement IncomeJim in San Marcoshttp://www.blogger.com/profile/09435296419912935381noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-27697009.post-67133391402699106202016-06-14T20:55:15.188-07:002016-06-14T20:55:15.188-07:00Hi AIM
I think that there may be hope. FDR starte...Hi AIM<br /><br />I think that there may be hope. FDR started public works programs with very little money in the budget to finance it. These QE 1,2,3 have done nothing but make the rich richer. Rebuilding our infrastructure, our electric grid, water, highways, bridges and sewage are very intensive and beneficial to all. Programs like these could bring our economy back to productivity.<br /><br />As you suggest, there is a financial train wreck in the cards. Our hundred-dollar bill could become the new one-dollar bill or in a worst case scenario a dime. The rich are toast. The net effect for the poor, a wage raise or a new currency and a loss of free benefits.<br /><br />Notice that gold, platinum and silver would retain value. An ounce of silver might be a day’s wages and an ounce of gold could probably be a week’s wages. My values could be way off, but holding them before the transformation might just ease your adjustment into the new future world of finance.<br /><br />Your new words, crack me up, spellcheck doesn't know what to do with them. Take care.<br />Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-24257400842584916682016-06-14T20:28:20.442-07:002016-06-14T20:28:20.442-07:00Hi dearieme
I agree, but I would go back much fur...Hi dearieme<br /><br />I agree, but I would go back much further to FDR. <br />Before him, most of our tax revenue came from imports and excise taxes. Back then our government was very small.<br /><br />Fast forward to today and our government is huge and has spent way beyond the existing tax base and could care less.<br /><br />It took a war to bring us out of the last depression. This time a war could lead to global starvation. That would certainly reduce the carbon footprint and maybe halt global warming. Not quite the solution I envisioned.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-1629184953530073202016-06-14T18:02:13.766-07:002016-06-14T18:02:13.766-07:00Jim,
I don't believe that anyone can ride in o...Jim,<br />I don't believe that anyone can ride in on a white horse and change or save our country from our government. Reagan didn't, Trump won't. Our government was hi-jacked a long time ago. The system has been hacked and it is infected with corruption. Cronyism, Corporatism, Egalitarianism, Socialism all sitting atop the Military-Industrial-Congressional- Security - Media Complex, all riding on a Super Debt Cycle begun in the 50s (and just the debt cycle alone will bury us in the future) . It's a runaway train Jim. No hope for reform or change. It needs to crash and burn. And then we need to build a new train. This will happen eventually. Maybe even after a long new "Dark Ages". But until it does happen we will be descending slowly into more socialism > fascism > authoritarianism > fearism > political correctnessism > surveillanceism > povertyism > civil unrestism. (I think I just invented some new words.)AIMnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-37172773377390796862016-06-14T08:29:54.142-07:002016-06-14T08:29:54.142-07:00The problems go back to Greenspan's time at th...The problems go back to Greenspan's time at the Fed, and to some of the stupider law changes in Slick Willie's time. Though W was, and O is, a bad President, the problems didn't start under them.<br /><br />I have no idea whether Trump could make things better, I only know that Hillary is guaranteed to make them worse. More war, for a start.deariemenoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-38775176707598628852016-06-13T20:36:35.188-07:002016-06-13T20:36:35.188-07:00Hi AIM
I think I can paraphrase your comments as,...Hi AIM<br /><br />I think I can paraphrase your comments as, "Socialism is killing us."<br /><br />I think that ZIRP and NIRP are indicators that the government has lost control. Misdirected investment money from everywhere is pouring into real estate rentals (12% return with 4% financing). A bubble of biblical proportions.<br /><br />The American people are like a sleeping dragon. Donald Trump may stir this dragon enough to awaken it. We have a whole nation ready to kick ass if you give them a real leader.<br /><br />Reagan did it, Trump can too. <br /><br />I tend to refrain from being political in my blog for the simple reason that I understand that I will never convert anyone only piss them off. But in the comments section, I give a little leeway for open discussion.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-69809906235472897642016-06-13T18:06:41.932-07:002016-06-13T18:06:41.932-07:00The government uses inflation and taxes to rob you...The government uses inflation and taxes to rob you of your production, savings and wealth. And now they've added ZIRP and NIRP into the mix to expand upon and intensify their robbery of our wealth and lifetime of hard work and saving. The American people are too distracted, dumbed-down and apathetic to even realize what is happening to them, let alone DO something about it. We've allowed the power elite (psychopaths) and their minions (Congress, Fed Reserve, White House, Supreme Court, Military-Industrial Complex, CIA, NSA, etc.) to rob us blind and destroy our country. We deserve the moniker of "the sheeple".AIMnoreply@blogger.com