tag:blogger.com,1999:blog-27697009.post395752899257262845..comments2024-02-29T03:21:35.007-08:00Comments on The Great Depression of 2006 : Accumulating Real WealthJim in San Marcoshttp://www.blogger.com/profile/09435296419912935381noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-27697009.post-57456914677207506292014-05-03T07:32:01.394-07:002014-05-03T07:32:01.394-07:00Yes, that's my point, governments are cutting ...Yes, that's my point, governments are cutting back because of debt, but corporations are mostly in great financial shape and booming, leading the overall boom. And, basically any average person who has saved and stayed out of debt is riding the boom. Eventually, corporate/investor profits do lead to tax revenues to finance streamlined governments. The future is the private economy, like NEVER before....plus, greater trade means less war.Joseph Oppenheimhttps://www.blogger.com/profile/09037175611181710409noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-36458902865002083812014-05-03T01:44:18.566-07:002014-05-03T01:44:18.566-07:00Hi Joseph
Your examples can be misleading. I once...Hi Joseph<br /><br />Your examples can be misleading. I once many years back wanted to open up a McDucks and the only locations available were in North Dakota and Montana and I didn't want to move there, so the wage might be right to get labor there. Oil rigs pay a hell of a lot more in the area. <br /><br />Halliburton does a lot work in the Middle East, and as even an oil worker over there, those wages are pretty low.<br /><br />Minimum wage I agree needs to be adjusted, to account for inflation, but I would not key that to new prosperity. <br /><br />I don't see any economic boom as you alluded to. As a computer tech, I setup a teleconference the other day for our higher ups and the whole thing revolved around what was next to be cut, and I am talking serious cuts. I am not privy to the budgets, but this is as serious as I have seen it since working here for 10 years.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-37775719079303891942014-05-02T20:30:54.702-07:002014-05-02T20:30:54.702-07:00Sorry, but the US is now 5 years into an economic...Sorry, but the US is now 5 years into an economic boom. Halliburton is hiring up to 11k workers, starting salaries $70k, $100k after 2 years. McDonald's starting salaries abt $18/hourin ND.<br /><br />Housing, especially rental, is booming. Workers, especially starting ones, now must be more mobile.<br /><br />Minimum wages are rising all over. The last time inflation adjusted wages started rising significantly was around 1950.<br /><br />As far as wealth creation, it's everywhere for those who have saved and stayed away from debt. Plenty of great corporations with better balance sheets than most governments. That's the real future, even with the billionaires they have created, Bill Gates and 100+ billionaires have pledged their wealth to philanthropy, and have been changing the world already.Joseph Oppenheimhttps://www.blogger.com/profile/09037175611181710409noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-14704566338461589822014-05-01T12:28:04.208-07:002014-05-01T12:28:04.208-07:00Hi Sack
I changed your web link and I toned down...Hi Sack <br /><br />I changed your web link and I toned down the the mental visual.<br /><br />Take careJim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-63359788068621978452014-05-01T09:21:37.110-07:002014-05-01T09:21:37.110-07:00Agreed, Jim.
NB please note my active website is ...Agreed, Jim.<br /><br />NB please note my active website is now:<br /><br />http://theylaughedatnoah.blogspot.co.uk/<br /><br />Would you consider adjusting your bloglist?<br /><br />Best wishes<br /><br />Sackerson<br /><br />Like (or dread) the notion of erect exploding haemorrhoids, you should out a warning up before telling us!Sackersonhttps://www.blogger.com/profile/17284329249862764601noreply@blogger.com