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Posted on 03/03/2011 8:19:38 PM PST by DeaconBenjamin
So much like the Depression. FDR and his brain trust was convinced that tinkering with wage and price controls would magically solve serious, fundamental problems.
Everybody is in trouble.
No good can ever come out of trying to solve a fiscal problem with a monetary solution.
Unfortunately we seem to want to "blame" Bernanke. He is not nearly as culpable as Obama and the dems.
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The blame truly rests with fractional reserve banking as practiced by Bernanke and his central banking peers. Everything else is just a distraction.
“Dentists need patients and are giving out “special” cards to bring new patients in (free teeth cleanings are offered).”.... and “I see vagrants all over La Jolla and further south to Pacific Beach. I’ve always quipped that “Nobody ever froze to death in San Diego.”
SO ironic because I was just talking to my mid-western dentist yesterday about living in SoCal (we used to live there) and he was saying how he loved San Diego. I told him it’s a nice place to visit, but you wouldn’t want to live there.. mainly because the weather is so nice it attracts LOTS of people... more people, more wackos. Plus taxes, CA bankruptcy, high cost of living, etc. I think I talked him out of it LOL.
“All setting the stage for a global currency when the dollar collapses and/or is replaced by a global currency. Euro-Chinese or something like that, I’m guessing.”
Won’t Obama be SO PROUD! /barf
As oil goes up, everthing else follows suit. The Middle East turmoil will not settle down any time soon. The price of oil will most likely go beyond the 2008 record prices, and with it, everthing else, from food to manufactured goods, imported and domestic. Tie this in with the Fed printing pictures of dead presidents, like the Wreck of the Old ‘97, there will be inflation unseen since the German Weimar Repuhlic or Zimbabwe of today. Our savings will be wiped out. $10,000 will buy a weeks groceries. I look at the McDonald’s and Burger King signs advertising a breakfast sandwich for $1.99, but they don’t use the decimal, so they have $199. I believe that one day soon it will actually be true.........
"But what about the dollar?" you ask. I'm convinced Bernanke is willing to sacrifice the dollar in his relentless effort to jump-start the US economy.The powers-that-be still need to convince me that Bernanke's dilution of money power has anything whatsoever to do with "jump starting" the US economy. Bernanke seems to create money just to pay the bills.
This is far far worse.
Well, that’s cheery. I think I’ll drown my sorrows in hot chocolate.
“Unfortunately we seem to want to “blame” Bernanke. He is not nearly as culpable as Obama and the dems.”
I agree completely. Bernanke has no choice. When the democrats spend trillions more than the government takes in, trillions more than the world bond markets can afford to buy, he has no choice but to print money.
Get rid of the Bush Tax Cuts is 850 billion
15 percent across the board cuts is 550 billion
1.4 trillion is a good start......as long as we freeze spending, otherwise its like the border, what you cut will come back under another name.
Some of us may remember the slogan, “Nobody died when Clinton lied.” Another was, “Bush lied, people died.” Now, it’s conceivable that we could have a slogan to top all slogans: “Obama lied, America died.”
I haven’t given up hope that we can get out of this. Since 2008, Americans have reduced their household debt by some $200 billion. But we need to get Obama out of the White House. He isn’t evil, but he’s wrong, dangerously wrong.
REV6:6
Then I heard what sounded like a voice among the four living creatures, saying, “A quart of wheat for a day’s wages, and three quarts of barley for a day’s wages, and do not damage the oil and the wine!”
Basically a days wage for one days worth of food.
Yes, I agree with you. I think we have not seen the worst of it yet. I personally know of many people who are struggling and have been for a long time. It’s catching up with them. People are filing bankruptcy, losing their homes and vehicles and just trying to figure out how to survive.
I lost a $24.00 an hour job, I now work for $8.40 an hour. I am thankful to have family who are helping and I have a place to live but I gave my home away in a short sale because I had no choice. Now I can’t even afford to rent a home. I believe I am just one of many in the same situation.
sufferin succotash
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