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To: RLK
I believe we are on the road to decline and collapse

We are on the road of a major inflation. It is not the end of America as we know it. It has happened before. Are yall old enough to remembeer jimmy Carter? And he was not the poime offender in that scene. Johnson gave the first nudge to that ball and Nixon got it rolling good. Carter was there when it became obvious and could no longer be redefined away and Jimmy's boys made some spectacularly wrong decisions.

Well, it is happening again. We will have a few frantic years of high inflation- prices are only starting on their upward trip and there is 30% of inflation in the last 18 months that the CPI will come inexorably to reflect. Then some candidate will be elected president who understands economics or who knows who does and things will ease back into actual prosperity

So long as the government feels it must intervene econmomically to fix things, anything, the dollar will not be truly stable. The government cannot halt inflation by active measures and bureaucrats and politicians cannot think in long enough time frames to be able to do the right things anyway.

30 posted on 05/30/2002 6:50:09 PM PDT by arthurus
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To: arthurus
You haven't a clue.
43 posted on 05/30/2002 8:55:28 PM PDT by habs4ever
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To: arthurus
Then some candidate will be elected president who understands economics or who knows who does and things will ease back into actual prosperity ....

-------------------------

I'd settle for a candidate who understands something about anything, but we haven't had one since Reagan.

The problem I see here is that the damage being done is permanent and can't be reversed simply by electing a new president down the line. Our entire economic infrastructure is being exported. Our cultural infrastructure is being fragmented. Our necessary ideological infrastructure is dissolving and will soon not even be found in history books.

We need a president and some leadership now. Thjree or six or ten or fifteen years from now is too late.

45 posted on 05/30/2002 8:57:15 PM PDT by RLK
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