tag:blogger.com,1999:blog-27697009.post1954959025493635234..comments2024-02-29T03:21:35.007-08:00Comments on The Great Depression of 2006 : It's Only MoneyJim in San Marcoshttp://www.blogger.com/profile/09435296419912935381noreply@blogger.comBlogger62125tag:blogger.com,1999:blog-27697009.post-72914912255432355042009-02-12T05:30:00.000-08:002009-02-12T05:30:00.000-08:00Here's another candid statement:"Conducting moneta...Here's another candid statement:<BR/><BR/>"Conducting monetary policy is a tremendous responsibility, for the nation's economic health is at stake. You can see why politicians might want to control the money supply for short-term interests. For that reason, the Fed, by law, is not government controlled or funded by Congress. While it is a centralized banking system comprised of 12 regional banks, it is independent in operation."<BR/><BR/>I will be the first to admit that politicians might operate in their short term interest. <BR/><BR/>Now, let's be frank. This clearly indicates that the FED operates independently of the government and politicians. It pretty much decides what it wants to do and sets it's own policy. It's meetings are behind closed doors. <BR/><BR/>Now, are we suppose to believe that we are better off with this system? A banker would never operate in their own short term interest would they? If anybody belives that is true then I've got some swampland down in the Gulf of Mexico I'd like to sell them. At least we can throw out our representatives every two years.<BR/><BR/>an anonymous concerned citizenAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-56886890540198579732009-02-12T05:13:00.000-08:002009-02-12T05:13:00.000-08:00Jim, you said above, "As for fraction reserve lend...Jim, you said above, "As for fraction reserve lending, you can lend out $9 of every $10 deposited . Deposit one million and then the bank can loan out 900k using your 10% reserve example."<BR/><BR/>I'm attempting to find out now the actual pecentage required. However, on the FED bank of Dallas, Texas, they candidly say this:<BR/><BR/>"How Banks Create Money<BR/><BR/>Banks actually create money when they lend it. Here's how it works: Most of a bank's loans are made to its own customers and are deposited in their checking accounts. Because the loan becomes a new deposit, just like a paycheck does, the bank once again holds a small percentage of that new amount in reserve and again lends the remainder to someone else, repeating the money-creation process many times<BR/><BR/>The tricky part of monetary policy is making sure there is enough money in the economy, but not too much. When people have the money to demand more products than the economy can supply, prices go up and the resulting inflation hurts everyone. While in the United States we get concerned when inflation climbs above 3 percent a year, we've been more fortunate than some other countries. Just imagine trying to survive in post-World War II Hungary, for instance, where inflation for awhile averaged nearly 20,000 percent per month!"<BR/><BR/>This would seem to not indicate anything approaching 90% in reserve. Also notice that it makes clear that money is created in the lending process. The title of the paragraph is "how banks create money". A dollar comes into being when it is loaned. It is extinguished when it is payed back. And, remember, the banks charge interest on the money they create out of thin air. However, in your statement you seem to imply that, for the most part, the banks are loaning out money that is on deposit and are not creating it at all. <BR/><BR/>I would say that this quote from the Dallas FED is from the horse's own mouth.<BR/><BR/>Read this paragraph carefully. If what you are saying is true then they wouldn't be creating money at all. They would merely be loanining out what their customers already have on deposit. This statement of the Dallas FED clearly and candidly states that they create money when they loan it and mentions a small reserve. Am I reading this statement wrong? <BR/><BR/>http://www.dallasfed.org/educate/everyday/ev9.html<BR/><BR/>an anonymous concerned citizenAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-52296198390796660802009-02-12T03:40:00.000-08:002009-02-12T03:40:00.000-08:00Sorry, Jim, those few letters before your name wer...Sorry, Jim, those few letters before your name were the security letters in the little box that you fill in to make shure that I'm a human and not an internet bot. I guess my cursor was still in the post box. God bless<BR/><BR/>an anonymous and concerned citizenAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-73991517880941420372009-02-12T03:37:00.000-08:002009-02-12T03:37:00.000-08:00cnertesJim, I tend to disagree with you. I believe...cnertesJim, I tend to disagree with you. I believe there is something to this. If the FED was just a clearing house then why does it object to regular audits. The FED has never been properly audited. The system itself is a guasi-governmental organization but the regional banks are privately owned corporations. The member banks own them. However, in essence, this means that large banking interests own them. Obviously we don't have a lot of small independent banks; we have mostly large banking corporations that own most of the banks.<BR/><BR/>The president and the congress have virtually no control over what the FED does. I wish that you would look into this more deeply and into how the FED came into being and who were the ones behind the creation of it. Nelson Aldrich was the banker's senator, then you had people like JP Morgan, Rockefella, Paul Warburg, and a few others who engineered this. Paul Warburg, incidentally comes from a line of central bankers from Germany and was heavily influenced by the Rothschilds. These men were also instrumental in putting President Wilson in office which led to the passage of both the income tax and the Federal Reserve; Colonel Edward Mandell House was their man in the White House. This information is pretty much an open book and can be confirmed by more than a number of independent sources.<BR/><BR/>Check out Ron Paul, and check out the Ludwig Von Mises Institute which is affiliated with Auburn University. All of this is pretty much just an open book for all who want to investigate it.<BR/><BR/>The Constitution demands that our money be backed by something tangible and that it be controlled and regulated by the House of Representatives. This doesn't mean that they just turn it over to a bunch of bankers and walk away.<BR/><BR/>How do we go from a country whose currency is backed by gold where everyone knows what their money is worth to a country where we have a country whose money is nothing but fiat and might as well be hot air? You would think that Americans would be just a little more interested in how their money works and the history of our country. If recent history teaches us anything it should teach us that we cannot trust these bankers to control our money.<BR/><BR/>Perhaps if ya'll don't have time to read the book and check into this a little more deeply then at least read the chapter that I have sent you to. They are presently in the process of globalizing our money and instituting a world central bank. Once that happens our money will be totally out of our control. A nation's control of it's money and it's financial affairs are paramount to it's maintaining it's sovereignty. I wish you all well and best of luck in coping with the disaster which is ingulfing us. <BR/><BR/>a concerned anonymous citizenAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-3694014809118590302009-02-11T22:35:00.000-08:002009-02-11T22:35:00.000-08:00Uh uh Jim.The Fed Reserve is a non-government, pri...Uh uh Jim.<BR/>The Fed Reserve is a non-government, private organization with the names of its shareholders kept secret. It charges the US Treasury to print its money. It controls the central banking system. It intervenes in business by manipulating interest rates and with monetary policies (it prints money and causes inflation or pulls money out of the money supply causing deflation). It came into being in 1913 along with income tax. It was actually income tax and The Fed's and the governments interference in business that caused the Great Depression. The Fed is as federal as Federal Express. They took that name so the masses would think they are part of the government. Rothschild was behind this. He said, "Give me control of a country's currency and I care not who makes the laws."<BR/><BR/>Wake up everybody.<BR/><BR/>Until we abolish the Fed and income tax America will continue to sink.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-84668248235545778232009-02-11T20:36:00.000-08:002009-02-11T20:36:00.000-08:00Hi Concerned CitizenOn your question about the Fed...Hi Concerned Citizen<BR/><BR/>On your question about the Federal Reserve Bank, it is pretty much a clearinghouse for checks and interbank deposits. They can be a lender of last resort, which keeps a run on any bank from really following through. I could be shot for over simplification so take it with a grain of salt.<BR/><BR/>As for fraction reserve lending, you can lend out $9 of every $10 deposited . Deposit one million and then the bank can loan out 900k using your 10% reserve example.<BR/><BR/>In good times, fractional reserve lending increases the money supply. In bad times it does the reverse quick and fast. The trouble in this case is, the savings deposits can be withdrawn from the bank within days, whereas the loans might have months or years on them. At that point the Federal reserve would step in and help the bank stay solvent.<BR/><BR/>Haven't read the book, but I'll keep it in mind. Take careJim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-84078655090587730982009-02-11T19:49:00.000-08:002009-02-11T19:49:00.000-08:00Hi Concerned Citizenhere is a link to a post from ...Hi Concerned Citizen<BR/><BR/>here is a link to a post from last May 8th titled <A HREF="http://greatdepression2006.blogspot.com/2008/05/bernankes-hail-mary-pass.html" REL="nofollow">Bernanke's Hail-Mary-Pass</A><BR/><BR/>There are two stories, one with pictures and the other with words. The picture one shows the decline of the German Mark. I had fun putting that one together. <BR/><BR/>We could have hyperinflation one or two years down the road. The real issue is if the government increases the national debt to say 16 trillion and the interest rates hit 15% we wouldn't be able to meet the interest on the national debt. I'm guessing that we could see two or three countries in that position this year. Examples like that could sober Congress up.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-2492905982773196282009-02-11T13:45:00.000-08:002009-02-11T13:45:00.000-08:00We work for money. We don't work for goods. So w...We work for money. We don't work for goods. So when our government defiles money, it turns money into toilet paper. We then work for nothing. That's what slaves do - they work for nothing.<BR/><BR/>I have been thinking about the size of this crisis. The losses must be in the range of 50 to 100 trillion dollars or more. The private sector has lost $15 trillion already, and yet, that has not taken value down to where it makes sense to invest again. Also, the US government has committed $10 trillion to fight the fire, and yet again, it is not enough to turn things around. So the losses must be much, much bigger – beyond the capacity of the US government to contain it.<BR/><BR/>The entire financial sector is probably insolvent now – banks, mutual funds, pension plans, insurance companies, etc. This means many of us could be bankrupt without knowing it.<BR/><BR/>One thing that we do have is the illusion that water will be pumped out of the sinking ship faster than it is rushing in. This gives hope to the people, and it keeps them in their place.<BR/><BR/>To save the ship, we need wise and drastic actions on a massive scale. I am not seeing that. I see massive actions that are mediocre, perhaps even fraudulent. <BR/><BR/>We probably won’t die from this crisis, not all of us anyways. We’ll just be a lot poorer. Welcome to 60-hr work weeks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-12295931027247351612009-02-11T09:15:00.000-08:002009-02-11T09:15:00.000-08:00Hey, ya know, if we all had the same opinion and b...Hey, ya know, if we all had the same opinion and beliefs then we wouldn't have to ask opinions or even discuss anything. There wouldn't be much point in blogs either. <BR/><BR/>Besides, we still have a certain amount of freedom of speech - for the time being, anyways.<BR/><BR/>BTW, I prefer the term Republic, for instance, instead of the term democracy. Republic means our rights are spelled out by a covenant with the government called the Constitution, whereas a democracy means our rights come from the will of the majority of the people. Unfortunately, the will of the people can do flip flops in just a generation or less. Ya know, I have sort of detected that everyone started using the term 'democracy' instead of 'republic' about the time that everything in this country started going really haywire. I have a bumper sticker on my truck that says "We have a Republic, not a democracy. Let's keep it that way." Now, it might be more appropriate to have one that says something like "We have a Republic, not a socialist state." I'm really not sure what we have anymore,or at least will have in a year or so.<BR/><BR/>an anonymous concerned citizenAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-10462188943584423512009-02-11T08:32:00.000-08:002009-02-11T08:32:00.000-08:00BTW, Jim, when I scrolled back up to the top of th...BTW, Jim, when I scrolled back up to the top of the page after posting your title hit me square in the eye. "It's Only Money". That's a pretty catchy title when you come to think on it. Once upon a time money was gold or at least backed up by gold. What in the hell is money now? Hot air? I once read that it took a German citizen almost a wheelbarrow of German Marks to buy a loaf of bread near the end of WWII. What in the hell is a loaf of bread going to cost us in a year or so? Do you think we will have hyperinflation and what will it be do you think? BTW, I love your blog and have been coming here for about 6 months.<BR/><BR/>an anonymous concerned citizenAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-5774980001978308092009-02-11T08:26:00.000-08:002009-02-11T08:26:00.000-08:00Hi RobI agree, we were all young once --we were po...Hi Rob<BR/><BR/>I agree, we were all young once --we were poor listeners but we had a message we considered very important for anyone that would listen. <BR/><BR/>To be young again---Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-4822190771806783872009-02-11T08:16:00.000-08:002009-02-11T08:16:00.000-08:00Why don't we talk about our money? Why don't we ta...Why don't we talk about our money? Why don't we talk about how the FED operates and how banks operate? What is your understanding of the banking system and how it operates?<BR/><BR/>It is my understanding that the Federal Reserve System is a quasi- governmental agency that is controlled by bankers and the regional FED banks are privately held corporations. Is this so or is it not?<BR/><BR/>It is my understanding that most commercial banks operate with fractional reserve banking where if they operate with a 10% reserve then they are able to loan out 9 additional dollars for every dollar in reserve. Is this a fact or not? (I'm just using the 10% figure for example purpouses). I'm just asking.<BR/><BR/>If it is so then it means that money is created when a dollar is borrowed and destroyed when a dollar is paid back. In other words it means that if a man borrows a million dollars to set up a factory then the bank has $100,000 in reserves but then the other $900,000 is simply a checking or drawing account that is set up for the man by the computer in the bank. Then say the man starts paying back $10,000 per month as payments. So in the first month he pays back this money which again becomes reserves and then the bank is able to loan out another $90,000 and so on down the road. Is this one of the ways that money is created or is it not? So when we 'prosper' the money supply grows and during a recession the money supply decreases. Naturally it is a two way street - money is always being created and destroyed on an ongoing basis, i.e. money is being loaned out and money is being payed back in. When economists and financial types talk about monetizing debt is this not one of the things they are referring to? I'm just asking because I have read these things at many places and want to know if it is partly how our money works and is one of the reasons why our money is called fiat money or money by government decree.<BR/><BR/>One of the books that I have read a couple of times is G. Edward Griffin's "The Creature from Jekyll Island, A second look at the Federal Reserve". Have any of you read this book? <BR/><BR/>Is another way that money is created through the selling of government securities? I'm asking these questions because I'm not a genious of finance or an economist nor a monetary expert; I'm just an ordinary engineer who has worked hard for most of my days on this earth and may very well loose everything I own in the coming year. Some of you seem to be financial types, and in general a likeable bunch of people so I just thought that I would ask these questions. <BR/><BR/>If our money is created like this it means that bankers are drawing interest off of money that is created out of thin air when it is borrowed (the checking account money created through borrowing, or a part of it). Also I realize that people, companies, foreign governments buy government securities and that money is not created necessarily in these instances but when not enough are bought then the FED steps in and takes up the slack and when this happens money is essentially created out of thin air or out of debt (government debt) once again. However, banks are also collecting interest on this money as well (many banks are stockholders of the FED regional banks, are they not?).<BR/><BR/>In Griffin's book he had a summarizing chapter that was entitled the Mandrake Mechanism. He named it this because there was a comic book character named Mandrake the Magician that had a habit of creating things out of thin air. If you google 'mandrake mechanism' you will see several sites which speak of this up near the top, one of which is:<BR/><BR/> http://goldismoney.info/forums/showthread.php?t=3993<BR/><BR/>which actually has the whole chapter on a forum post. I just wanted to ask you people what your opinion is of this subject.<BR/><BR/>(this is the only page I've seen on this site so go at your own risk) <BR/><BR/>If this is not the case then how does all of our money come into being? I mean if our government created the money out of thin air then why would the government be in so much debt? If the government does not create the money out of thin air, and it doesn't work in this manner, then who creates the money and who is paid the interest?<BR/><BR/>This is a facinating subject that I would like to get my mind around. It would also partly explain a lot of things. For instance, if the 1913 dollar is the reference dollar, I am told that our present dollar, or at least the dollar of 2006, was worth about 4 cents. Who knows what it's worth now? So, in other words, more money than what the economy actually needs is created every year out of greed or stupidity, or what have you every year and, because of the common laws of economics, we have too many dollars which means the dollar is constantly devalued because of the laws of supply and demand. This would be the correct way of explaining what inflation really is - or at least that is what I am told, and that inflation is merely a hidden tax on the American people which benefits those at the beginning of the money creation process but severely harms those who are downline from them, which are usually those who can least aford it.<BR/><BR/>If a man, or group of men, could charge interest on money created out of thin air then I would think that man would eventually become very powerful. <BR/><BR/>So is this all a bunch of crazy hogwash, or partly so, or pretty much factual. It's something I would really want to know and get my mind around.<BR/><BR/>an anonymous concerned citizenAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-52244904542473877322009-02-11T07:05:00.000-08:002009-02-11T07:05:00.000-08:00I agree with you JMS, it's still a democracy even ...I agree with you JMS, it's still a democracy even online.<BR/><BR/>robAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-81154129415266575532009-02-11T04:23:00.000-08:002009-02-11T04:23:00.000-08:00In regards to people bashing Joseph about his view...In regards to people bashing Joseph about his viewpoints. He does have contrarian viewpoints. I do take the time to read his posts and I think he adds value to our debates. I don't think its wise for us to shun him because of this. We should try to learn from everyones perspectives. <BR/><BR/>I appreciate your comments Joseph, Hope you don't leave.JMShttps://www.blogger.com/profile/07209116028204451060noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-17222065755956310232009-02-11T03:18:00.000-08:002009-02-11T03:18:00.000-08:00Jim,Looking past the veneer you can see the realit...Jim,<BR/>Looking past the veneer you can see the reality. It is so incredible that it makes it unbelievable and thus invisible. That is how they function. The globalists are making incredible progress. They've been patient. They've used Greenspan to really set things up over the last 15 years. Clinton, the Bushes and Obama are unwitting pawns in the game. Congress doesn't have a clue. The money masters have pulled the rug out from under us. 2008 began the crash that they've planned out. It is set up so there is nowhere to turn... it's a self feeding frenzy in that every component is bringing the other component downwards. The Fed Reserve is deep into the US government now. Bernanke is covertly implementing policies that Congress and the public can't even understand.<BR/><BR/>The American public are too anesthesized and uneducated to understand what is happening and will be plundered and pillaged and put into shackles.<BR/><BR/>Right now the forces of evil are dominating the scene. The forces of good must rise up and overturn them or there will be a modern version of the dark ages.<BR/><BR/>Realize that it is the incredibleness of this all that keeps it from being believable. Yet what is happening is more real than the head on your shoulders.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-5587853443341160312009-02-10T23:14:00.000-08:002009-02-10T23:14:00.000-08:00Hi Tom (ATP)I agree, a lot of the waste will stop...Hi Tom (ATP)<BR/><BR/>I agree, a lot of the waste will stop. California can't afford everything that is funded. Many programs will be cut.<BR/><BR/>I use to hear about budgets where either you spent it or lost it, so they spent it. I think that is going to change.<BR/><BR/>The lack of funds will change a lot of the programs that people count on for support. The money just isn't there.<BR/><BR/>Times are tough--And getting worse.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-58630217397130340742009-02-10T22:24:00.000-08:002009-02-10T22:24:00.000-08:00Joseph, Your comments on this blog provide a count...Joseph, <BR/>Your comments on this blog provide a counter-balance to the view of the majority, who not too long ago was in the minority.<BR/><BR/>We need different views so we won't fall into the "group think" trap.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-42651961724295744882009-02-10T21:53:00.000-08:002009-02-10T21:53:00.000-08:00Jim,I have no choice but to agree with the support...Jim,<BR/><BR/>I have no choice but to agree with the support for state budget relief, only for the fact that I believe it will stave off possible uprisings that could occur (i.e., dealing with angry unemployment recipients who's benefits dry up prematurely)... but at the same time, its hard to swallow the pill because taking from the masses to cover fiscal irresponsibility of state budgets crosses state and moral boundaries. <BR/><BR/>Nothing against your state Jim (I lived there for 10 years and it does have its attractions), but to continue funding expensive state social programs that cross state and border lines from federal funds goes beyond reason. For example, California spends millions perhaps billions on providing health care for illegal aliens.<BR/><BR/>I have not heard one word of congress adding restrictions to states receiving federal aid. Perhaps our government could insist that states can spend the cash only on unemployment benefits, fire, police, and food stamps. At a minimum, the first requirement should be to have sates discard inefficient, over funded programs and cut wasteful spending.<BR/><BR/>Anything less would never get the states off the government's teet!<BR/><BR/>TomAngryTaxPayerhttps://www.blogger.com/profile/15810684843880828263noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-67509965537427192882009-02-10T20:06:00.000-08:002009-02-10T20:06:00.000-08:00Hi Anon 10:45I agree with you whole heartily.The t...Hi Anon 10:45<BR/><BR/>I agree with you whole heartily.<BR/><BR/>The trouble is, they might be dumb enough to buy the bridge you want to sell them, but you might not like their financial arrangements to pay for it. <BR/><BR/>Thank you for your comments.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-35215982628947742602009-02-10T19:44:00.000-08:002009-02-10T19:44:00.000-08:00Hi Tom (Angry Tax Payer)We kind of back ourselves ...Hi Tom (Angry Tax Payer)<BR/><BR/>We kind of back ourselves into a corner when accept the politician's cry "Tax the rich." It sounds great because I don't happen to be in that group. It's really "Tax the people who work."<BR/><BR/>In reply to your second question, I'm guessing about another 3 to 6 months before the reality of the situation sinks in, then we will see the depression (in the rear view mirror). The reason I say that, is that Congress is still thinking that the check book can fix the present problem.<BR/><BR/>I can see where Congressional support of the state budgets would be a good thing, but spending to employ 4 million people boggles the mind. California is going to lay off 20,000 workers because of budget shortfalls. My only question is what makes everyone think that spending will solve the problem. It was too much spending that got us into this mess. It's a little like trying to spend your way out of bankruptcy. The irritating thing is that Congress is spending tax's we haven't even paid yet. To say I don't like this, is an understatement.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-6310166847252764202009-02-10T16:46:00.000-08:002009-02-10T16:46:00.000-08:00Joseph is dysfunctional. Sort of a "lights are on,...Joseph is dysfunctional. Sort of a "lights are on, but nobody is home" case.<BR/><BR/>Senile? ADD? Alzheimers? Low IQ<BR/><BR/>Whatever it is, he's ruining this site.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-87057942984513941722009-02-10T16:43:00.000-08:002009-02-10T16:43:00.000-08:00Idea:Everyone... don't acknowledge or respond to a...Idea:<BR/><BR/>Everyone... don't acknowledge or respond to any of Joseph's posts. Better yet don't even read them.<BR/><BR/>He disrupts this blog constantly and wastes everyone's time.<BR/><BR/>If this continues and people keep debating with him. I'm leaving this blog and won't participate any longer.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-51933319759402385392009-02-10T16:40:00.000-08:002009-02-10T16:40:00.000-08:00TomGotta say last post onprevious thread was prett...Tom<BR/><BR/>Gotta say last post onprevious thread was pretty funny. Gave me a chuckle.<BR/><BR/>Cheers<BR/><BR/>rtAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-7245570632794939362009-02-10T14:27:00.000-08:002009-02-10T14:27:00.000-08:00ATP said..."...please provide your age, education ...ATP said...<BR/><BR/>"...please provide your age, education level, employment, social status, number of children, living arrangements, etc." <BR/><BR/>Joseph's response... <BR/><BR/>"I choose to stand by my words alone. If I slip in a few bio things once in a while, they are really by accident."<BR/><BR/>Jesus? Asking questions? G-wiz Joseph, your all over the map! Do you even read what folks say before you make comments?<BR/><BR/>TomAngryTaxPayerhttps://www.blogger.com/profile/15810684843880828263noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-34101589623461027312009-02-10T14:09:00.000-08:002009-02-10T14:09:00.000-08:00Jim,Speaking of the title to your original post "I...Jim,<BR/><BR/>Speaking of the title to your original post "It's Only Money," I can't help but bring up the parting-of-the-sea bailout legislation that just passed the Senate.<BR/><BR/>What scares me is this is just the beginning of many 12 figure spending bills to come. It was times just like these back in the 30's that brought on massive new government spending and programs by FDR.<BR/><BR/>Since hope seems to be the mantra of the new POTUS, if what is happening today mirrors our past can we expect to see some major damage from our government to the country over the next several years? I can only HOPE it doesn't lead us to repeat the early 40's also.<BR/><BR/>Would you agree that once this bill is signed by the POTUS, we can officially mark that date as our country being in a full blown Depression?<BR/><BR/>TomAngryTaxPayerhttps://www.blogger.com/profile/15810684843880828263noreply@blogger.com