Posted on 12/17/2008 11:32:28 PM PST by iowamark
In case you don’t have enough to worry about.
The first step towards the realization of these scenarios already happened: the election of Obama.
I’m a pessimist when it comes to our future economy as well. I’ll keep my eye on this thread for others to reassure me why I shouldn’t be so worried.
The part about some global group coming up with a gold-based currency is interesting - and worrisome. Not sure how easy that would be to do though. I think that is one of the ONLY things going for us now - where else would you rather be invested?
I agree.....seems like they are talking about a one world coalition. I will be watching the responses also.
we could get back the china debt if lawyers would go after the Chinese like they do US citizens for copy-write theft!
Constitutional rights are extended to those trying to kill us, but they aren’t extended to those thieving our economic property.
What a country!
As opposed to what, McCain?
I got news for you: the current GOP administration increased our unfunded liabilities with Part D Medicare, more spending on more useless crap (billions for nonsense like AIDS in Africa) than we saw out of any POTUS before.
McCain has his lips firmly affixed to the posteriors of the DC press corps - and would have been only moreso if he had been elected.
Given the two choices we had in this election, here’s a newsflash for you: you were going to get screwed, either way you look at it. The only difference was that one of the two was promising to buy you dinner first. Just promising.
There wasn’t even evidence that he had actually made reservations.
What the ...?????
mccain voted against medicare part D. He actually tried to filibuster it
Interesting. I seem to remember references to China buying up gold, even as we and others (gov’t, not individuals) were dumping it. Will have to look for that ref.
Tomorrow I’ll see how much Soros is worth. (Well, maybe him, Gates, Buffett and a few of those Middle East Kings with their gold-plated 747’s!)
Re-Title:
If Eyore Were An Economist.
Yea he did. He’s also the guy who was sponsoring the immigration bill that would have more than made up for his veto on Part D with a huge increase in the drain on the Treasury by inviting in a huge number of third world medical basket cases. Flip a coin.
There’s only one GOP senator I’ve seen who actually treats the public’s money with anything but contempt: Coburn. After that, I don’t see anything in the GOP in the Senate that doesn’t have his/her nose in the trough alongside the Democrats.
Bush has already spent more than several previous Democratic administrations combined and has cost the GOP any and all credibility in fiscal responsibility, possibly forever. Add on crap like the “Bridge to Nowhere” and we have a party with no credibility whatsoever on fiscal or monetary policy.
We still have yet to see a SINGLE Wall Street figure be prosecuted for their malfeasance and violations of SarbOx, which Bush signed with a great flourish after Enron. What we have here makes Enron look like chump change left in a penny dish by the checkout. We have a SecTreas who is busy pissing money into the air with wild abandon and complete secrecy, a SEC chair who is a Harvard-educated Barney Fife, and malfeasance everywhere we look in DC and Wall Street.
Some people will try to respond “Oh, but they just arrested Madoff!”
No good for the GOP. Madoff confessed to a FBI agent. The SEC was nowhere to be seen.
People here on FR claiming to be scared of the financial consequences of Obama might as well hang it up. Bush has set the stage for socialism to run amok, and is busy socializing the economy before he even leaves office, mostly through administrative fiat.
What conservatives better think about first is purging the party of neo-cons and Bush-lites. Let’s just admit that we’re going to spend at least four years in the minority and clean house. That can start with sending McCain out to pasture and putting someone else in there who isn’t quite so eager to stab his fiscal conservative running mate in the back.
Don’t worry everybody, we have a not quite one term Democratic senator coming to Washington to save us all... with higher taxes, more welfare... and budget cuts in defense...on second thought, worry.
Here’s the deal with McCain. He was for a lot of crap. he deserved what was coming.
but he also opposed a lot of Bush’s nonsense and you didn’t see Republicans give him any credit. Bush could do no wrong so if you voted for his big spending, you were still considered a ‘conservative.’ Hannity would still say nice things about you. And Bush was also for that immigration bill. So why was only mccain bashed when Bush was just as bad if not worse?
ok... how about this one...
the US enjoys superiority on the battlefield today due to one thing; our IT infrastructure. who to hit, where to hit them, when, with what from where, etc...
couple that with two items:
1. the majority of our tech was developed by baby boomer engineers and scientists, which are retiring over the next 5-10 years.
2. for the last 10 years, the technology sector has been offshored to third world countries. these Americans have been forced out and have left the industry.
basically, within 15 years we will have a massive short fall of defense industry experts to keep our military viable and able to compete on tomorrows battlefield.
meanwhile, china will have all the manufacturing and IT capability through years of ‘training’ in the US
As Eeyore might observe, “He didn’t spell my name right, what else would I expect.”
Ping!
They are only interested in making lots of money ASAP. National security, borders, terrorism, i.e., a long-term survival of a country is not their concern. Actually, it is more of an impediment for them. Collaboration means passing up business opportunity for immediate profit for national security reasons, or long-term survival of the country. They are the ones who preach that borders will dissolve away pretty soon. As long as their money is well guarded, they could care less.
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