tag:blogger.com,1999:blog-27697009.post4986924102487129500..comments2024-02-29T03:21:35.007-08:00Comments on The Great Depression of 2006 : Unintended Consequences (Reprinted)Jim in San Marcoshttp://www.blogger.com/profile/09435296419912935381noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-27697009.post-86505184183687397162010-10-01T13:18:41.731-07:002010-10-01T13:18:41.731-07:00Our leaders, politicians, and captains of industry...Our leaders, politicians, and captains of industry have made a mess of things especially over the last 4-5 decades. This irresponsible and ignorant behavior will now culminate in a major economic collapse here in the USA. We will be in a hole for decades. Who knows how long it will take for us to climb back out of the hole, if we ever can climb out. Could it be that the American Empire will only have lasted for 300 years and then becomes a shadow of itself?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-41941036555630645132010-09-29T13:51:20.110-07:002010-09-29T13:51:20.110-07:00Everyone gets the brunt of governments unintended ...Everyone gets the brunt of governments unintended consequences, as many of these posters here seem to know.<br /><br />Eventually, after QE2, QE3, QE4, or QE5, and the bond vigilantes causing interest rates to rise-- the dollar will be worthless. Goldbugs shouldn't be so smug either as they aren't safe--the government can confiscate gold and devalue it. FDR already did so. He is one of Obama's heroes (altho Obama won't be around for that).<br /><br />In the Great Depression the dollar was backed by gold and the bond market was strong (if you had dollars you could sit back and wait it all out). That is not the case today.<br /><br />Gold? USD? Real estate? None of them may be a safe haven when the inflation gets heavy. There just may not be any place to run.<br /><br />Gulp!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-73270401421673643772010-09-28T14:59:14.939-07:002010-09-28T14:59:14.939-07:00and bernanke the powerless charlatan doesn't k...and bernanke the powerless charlatan doesn't know what to do and is completely ignorant of the basics of economics. QE1 did nothing and QE2 will do nothing. QE did nothing for japan for its last 20 years. QE does not have a multiplier effect either. it is a false datum. bernanke knows it too because he wrote about it 12 years ago. he's doing it because he doesn't know what else to do and has to keep up the pretense that he understands what is going on (yet how can someone have understanding who has allowed the econ to wind up where it is on his watch? a direct contradiction). the guy above is right about the destruction of the middle class. we'll be in a deflationary/unemployment spiral for some time. make the most of it folks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-23882736685912536782010-09-28T11:03:19.327-07:002010-09-28T11:03:19.327-07:00perfect example,,, here we are in a depression or ...perfect example,,, here we are in a depression or great correction,,, unemployment is at its highest since the great depression,,, what does obama and congress do?,,, pass a healthcare bill making it even MORE expensive for employers to hire people!?!?!?,,, ya gotta wonder if congress if actually for or against america,,, i guess the plan is to wipe out the middle class,,, the conspiracy of a one world government with a power elite and the rest of us as slaves is starting to not seem so far fetched,,,, is it a plan in action or is it just the result of man's stupidity?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-40180973959965864892010-09-28T10:56:56.880-07:002010-09-28T10:56:56.880-07:00Hey all we've gotten is unintended consequence...Hey all we've gotten is unintended consequences and that is what we will continue to get as long as we allow government to intervene in our personal lives, economy, markets and so on. We have so many unintended consequences that have built up over the last 100 years that we are just a giant, cumbersome, lumbering, over-complicated, effete, non-viable lummox-- who has fallen flat on our face and will soon die and have our carcass picked over by global vultures. We've let our forefathers down terribly. Man would they be incensed to see how we let the flame of liberty, independence and self-sufficiency go out. The American Revolution was in vain.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-71366366136920302322010-09-27T20:09:16.160-07:002010-09-27T20:09:16.160-07:00Hi Age of Irresponsibility
Your right in your thi...Hi Age of Irresponsibility<br /><br />Your right in your thinking, at some point in the future we will have to face up to the mess we have created. And that time might not be too far down the road.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-82212517604161786402010-09-27T19:57:21.917-07:002010-09-27T19:57:21.917-07:00Hi Drew
The "keep him warm for the rest of h...Hi Drew<br /><br />The "keep him warm for the rest of his life," was very touching. You didn't help write this health care bill that just became law, did you???<br /><br />Thanks for the laugh.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-45780136656518535192010-09-27T10:10:42.637-07:002010-09-27T10:10:42.637-07:00I always say they need to stop legislating and sta...I always say they need to stop legislating and start educating.Ohio Loan Officernoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-82119261710374459192010-09-27T08:13:04.980-07:002010-09-27T08:13:04.980-07:00LOl
That is the best analogy that describes curre...LOl<br /><br />That is the best analogy that describes current fiscal policy I have ever heard.<br /><br />Cheers Drew you made my day.....<br /><br />rob in NSrob in nsnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-31487059367379197512010-09-27T04:32:41.017-07:002010-09-27T04:32:41.017-07:00Build a man a fire and you've kept him warm fo...Build a man a fire and you've kept him warm for a few hours. Set a man on fire and you've kept him warm for the rest of his life.Drewhttps://www.blogger.com/profile/12339088097936180861noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-51076714166930229662010-09-26T22:58:09.826-07:002010-09-26T22:58:09.826-07:00Today's solution becomes tomorrows problem. Th...Today's solution becomes tomorrows problem. That is the modus operandi of the government. <br /><br />Government shouldn't be solving our "problems". That is up to we the people. But because Americans have howled, whined and complained to the government and gotten "help" it has become a habit and pattern. Now Americans think that the government is their daddy and should take care of them or any problems that erupt. Politicians are more than happy to do whatever they can to help so that they can get your vote. They are not there for the ultimate good of the country.<br /><br />It isn't our government that is the problem, it is this misguided mindset of the people. They created a Frankenstein.<br /><br />Americans have the government they deserve. They made it. It is their low responsibility, laziness, and self sufficiency that has caused it. Behind that is lack character (morals and values) and of the proper education.<br /><br />You'd think by now Americans would realize that looking to leaders and politicians for answers and an improved society is an unworkable action.<br /><br />The Age of Irresponsibility.Anonymousnoreply@blogger.com