Posted on 02/01/2008 10:08:49 PM PST by B-Chan
Absolutely. In the entire history of man, no one has ever lived the life we have. We take for granted what most people in history worked hard and died young with virtually no chance to acquire.
As long as the strip mall down the street has a "doggie bakery" and never an empty parking space, I will rest easy.
Drivel. You want to see spending...look at the impending Social Security and Medicare liabilities, and then wonder exactly how we're supposed to tack on a national health care system.
Silent meditation works. ;)
As long as the strip mall down the street has a “doggie bakery” and never an empty parking space, I will rest easy.
And when the doogie bakery closes its doors and the parking lot is empty...
The stuff that is happening now — that seems abstract and distant — is going to echo through the economy for years.
I so badly need to write that science fiction novel
I feel like I am reading one here. It may be a good place to start.
“someday I will write those books I always wanted to get around to”
Apparently, we’re all Dead Men Walking.
They should change the name of this site from “Natural News” to Tin Foil Fruitcake News.
This guy is fruitier than a fruitcake. He’s a fruitcake made from baloney with extra nuts.
Remember all those cartoons of bearded guys in long robes parading around with signs or sandwich boards proclaiming “The end is nigh” or “The end of the world is coming”. etc., etc.
Natural News” falls into that catagory. The end of the world has ALWAYS been coming and it still is. Look out, we’re all a gonna die”.
After the first paragraph, I could tell it was not entertaining.
no yitbos
He’s also got a link to the anti-income tax nuts.
http://video.google.com/videoplay?docid=5355374476580235299
Adams, just pay your federal income tax. If you don’t, be prepared to spend time in a federal jail.
These tin foil hat folks are freightening. We wouldn’t have quality services like federally funded, NEA monitored education, social security, medicaid and medicare, etc. without this money (not too mention money for war). And, these tinfoil hat people are asking whether it is legal or not. Hey, capitulation is consent.
People that keep saying that we’re borrowing money from China or Japan or whoever else sells us more than we import from don’t know what they’re talking about.
When you go to your local walmart to buy a toaster made in china, you give the cashier $20 dollars and the cashier gives you your toaster. Walmart keeps probably $10 of those $20 and sends the rest to an account in a bank in china for the toaster manufacturer. The chinese bank takes the $10 changes it to RMB according to the current exchange rate and puts that amount in the manufacturers account.
What does the chinese bank do with the 10 dollars? It can keep it and exchange for RMB for someone who wants to come to the US and have some dollars available, they could put it together with other $s they’ve collected and buy assets in the US or they could give it to the chinese central bank for RMB’s.
What does the central bank of china do with all the $’s they’ve accumulated. Well they can keep them in a vault collecting dust, or they can buy assets in the US (companies, US treasuries, stocks, RE, etc). The chinese being no dummys do the latter. So now the dollars are back in the US soil and the cycle is closed.
Does anybody see the US being FORCED to borrow from the chinese in any of these transactions? Or vice-versa, the chinese FORCED to lend us money? You could say that when they buy US treasuries the US is borrowing from China. But if they do buy US treasuries, it isn’t because of the US trade deficit - it is DESPITE the trade deficit. They could buy any other asset including non-US assets - no one twists their arms to buy US treasuries. If they do, they do so only because in their judgement it is the BEST investment of their hard earned dollars out of all other possible investments. It really is no different than when you and I buy US treasuries. We could buy lots of other assets, but for whatever reason we may find them to be the best investment available, (at least for a portion of our money).
So could someone explain to me why we should be in a panic by the fact that the chinese have a bunch of dollars?
A bit of an aside on another deficit - the budget deficit (which creates the treasuries). A lot of people decry the size of the current budget deficit. For 2007 it was about $172 billion. It sounds like a lot, but as a percentage of the GDP (13+trillions), it is puny - about 1.3%. Now it would be nice if we ran a balanced budget, but compared to historical levels this is tiny. And it is small compared to European countries who can’t seem to get their deficits to the legislated maximum of 3% of their GDP. Most are running much higher.
So to all the chicken little out there - take a look up - the sky is staying put!
There are lots of things that could go wrong now days and sink the boat that is our way of life. And we don’t seem to be doing anything about them, just adding more to the pile. Sooner or later it will catch up with us. It’s not a matter of ‘if’ but rather ‘when’.
And yes, the sky IS falling. It’s hasn’t reached the ground yet, but eventually it will!
Interesting. What do you propose as an intermediate fix ?
Something’s gotta give.
I want an electric bike! I’m off to research this on the web. So, guess I got something out of this article, LOL!
You signed up 10 years ago just to post this!?!?!?!?!?
I’m not sure there is one. More and more we seem to be unable to summon enough moral courage to go after a problem while it’s still amendable to relatively simple solutions. And while we argue and discuss it, it just goes on getting worse and worse. In the end it forces a solution on us, a solution that is much worse than anything it would have taken to solve it in the earlier stages.
An example is how we handle problem children in school. Used to be the teacher would paddle them, or have them stand in a corner or wear a dunce cap. Or the teacher would call them out and embarrass them in front of their peers. In those days the goal was to solve the problem and we knew that the sooner it was solved the easier it would be to solve it.
Now the goal is not to solve the problem but to protect the child’s self image. It’s wrong to make a child stand in the corner for 5 minutes, but it’s OK to show him on TV news, in handcuffs, being arrested for shooting someone he feels ‘dissed’ him.
When I was a kid if you couldn’t do the work expected of a second grader you repeated the second grade. It was called failing and it was a terrible experience. Now we just pass that kid along from grade to grade and let some poor small business owner have to deal with a kid that can’t read his or her own diploma.
The intermediate fix is to get back to the idea that we are responsible for our own lives. As long as society or individuals have the ability to blame someone else for their failures and pass the cost of failure along to someone else it’s not going to change.
There isn't one. The solution lies in abandoning the Keynesian philosophy of economics that permeates every nook of our economy. It can't continue forever, at some point you have to pay for it.
"In the long run, we're all dead!"~ Keynes
FReepers for the most part believe that the solutions to America’s problem’s lie is Conservative Politics...that sooner or later America will wake up and smell the coffee.
Yet the Bible is clear about a One World Government and an Anti-Christ....in the last days.
I see plenty of evidence of both on the rise.
Thanks for the Ping
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