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Once in a while an article really is worth a reprint. For educational purposes only. Special thanks to Goddess50.
1 posted on 04/09/2002 6:28:34 PM PDT by Issaquahking
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To: JeffHead;JohnHuang2;AuntB;Goddess50;B4ranch;Madfly;backhoe;68-69TonkinGulfYatchClub;ex-Texan...
Ping
2 posted on 04/09/2002 6:35:09 PM PDT by Issaquahking
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To: JimRobinson;Carry_Okie;SierraWasp;amom;libertina;nunyabidness
ping
3 posted on 04/09/2002 6:51:13 PM PDT by Issaquahking
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To: Issaquahking
What is the point this person is trying to make? He rambles on and on in a LOUD FONT without making much sense. Is there an argument buried in here somewhere? And what is the Aircraft & Yacht Owners Communications Centre Online anyway?
5 posted on 04/09/2002 7:11:10 PM PDT by BranMakMorn
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To: Issaquahking
Hmmmmmmmmmm
9 posted on 04/09/2002 7:31:29 PM PDT by Chuckster
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To: Issaquahking; *landgrab; *Green; *Enviralists; farmfriend; marsh2; dixiechick2000; Helen...
But Nixon had to collateralize that debt somehow, and he hit upon the plan of quietly setting aside huge tracts of American land with their mineral rights in reserve to cover the outstanding debts. But since the American people were already angered over the war in Vietnam, Nixon couldn't very well admit that he was apportioning off chunks of the United States to the holders of foreign debt. So, Nixon invented the Environmental Protection Agency and passed draconian environmental laws which served to grab land with vast natural resources away from the owners and lock it away, and even more, prove to the holders of the foreign debt that US citizens were not drilling. mining, or otherwise developing those resources. From that day to this, as the government sinks deeper into debt, the government grabs more and more land, declares it a wilderness or "roadless area" or "heritage river" or "wetlands" or any one of over a dozen other such obfuscatorial labels, but in the end the result is the same. We The People may not use the land, in many cases are not even allowed to enter the land.

This is not about conservation, it is about collateral. YOUR land is being stolen by the government and used to secure loans the government really had no business taking out in the first place. Given that the government cannot get out of debt, and is collateralizing more and more land to avoid foreclosure, the day is not long off when the people of the United States will one day wake up and discover they are no longer citizens, but tenants.

Ping.

11 posted on 04/09/2002 7:49:12 PM PDT by brityank
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To: Issaquahking
And, the trade unions tried circumventing the free market's employee/employer relationship cycle causing the prices of everything to rise so much that it can't compete with foriegn products. Look at why our steel industry is in so much trouble.
13 posted on 04/09/2002 7:59:04 PM PDT by rodeocowboy
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To: Issaquahking
Bump
14 posted on 04/09/2002 8:03:58 PM PDT by AUgrad
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To: Issaquahking
bump
24 posted on 04/09/2002 9:51:57 PM PDT by Centurion2000
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To: Issaquahking
And this is why Trafficant is under constant attack and has been for years! I pray for him daily even tho he's a Democrat!
25 posted on 04/09/2002 11:32:27 PM PDT by brat
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To: Issaquahking
This needs to be read, bad font be gone!


Imagine for a moment that someone inherits a farm. Let's say that the farm has good
topsoil, a good well, good breeding stock, good seed, and excellent farm equipment in
good repair. Prior to passing into the control of the present owner the farm did a good
business selling vegetables, meat, and dairy products to the local market, and it made
a small profit.

But let us suppose for a moment that the present owner of the farm doesn't
understand farming, or isn't even really interested in learning. The present owner has
no objection to standing around looking good, so he stays at the farm, standing in
front of it, looking good to passers by. 

Of course, the bills still come in, so our farmer puts them on his credit card. When that
bill comes due he uses another credit card, Then another. Pretty soon the interest
payments alone are higher than his bills and the banks get nervous and call him. No
problem. Our farmer sells the tractor, takes the money around to the various credit
cards, the food store, the utilities, and pays off all his bills. Then he stands around in
front of the farm looking good to passers-by, the lord of his domain.

Well, the bills still come in. Again the credit cards get loaded up. So, this time our
farmer sells the harvester. Then later on, the cattle, then the chickens, then the
seeds, then he leases the well to his neighbour and finally sells the top soil from his
farm to another farm down the road whose soil is getting tired. The cash is taken
around to the various creditors, the food store, the utilities, etc.

Now at this point, our farmer thinks everything is okay. The bills are paid, he has a
little cash in his pocket, and everything is fine.

Of course, you know better. The farm simply does not exist any more; it's just an
empty lot with a few buildings, and soon they will be gone as well. The path from the
farmer's present condition to seizure of the property for unpaid taxes is a foregone
conclusion, even if the farmer doesn't look far enough ahead to see it. Poor, dumb,
stupid farmer!

That farmer is your government, and your business leaders.

Just as our hypothetical farm has lost its soil, livestock, seed, and farm equipment,
America has lost its manufacturing ability. Short sighted business leaders, with as
little interest in manufacturing as our farmer had in farming, decided their own
personal bonuses would be higher if they simply sold their factories rather that ran
them. After WW2, the 27 American TV companies including Zenith, Emerson, RCA,
GE, etc. led the world in TV technology. Then, the owners of the patents on TV
technology decided they didn't need to dirty their hands by actually making the TV
sets themselves any more, and they started selling licenses to manufacture, which the
Japanese bought. 

By 1987, the only remaining American TV company is Zenith. The patent holders get
their money, but the American products which can be sold overseas are gone, along
with the jobs to make them.

The same happened in high-tech electronics. The integrated circuit was invented in
the United States. But rather than focus on selling integrated circuits, the companies
that owned that technology sold the machines to MAKE integrated circuits around the
world, and now America sells very few chips anywhere. The patent holders have their
money, but the cash flow from sales of manufactured goods, and the jobs that go with
them, are gone. When Seymour Cray needed custom chips for his supercomputers, he
had to order them from Japan. 

The same thing has been happening in aviation. The airplane was invented in the
United States, and through the 60s, we sold a lot of them around the world. But
lately, all aircraft sales to foreign countries involve "offsets", a portion of the core
technology that gets licensed to the purchasing nation and gets manufactured there.
Bit by bit, the core technology gets bled off, taking with it jobs, and cash flow from the
sale of those manufactured products. Along the way, the rights to manufacture
American inventions outside America leak away on a steadily increasing basis. Even
the mighty F-16 is now being manufactured overseas, under license.

To cover the loss of manufacturing jobs, our government has invented the catch
phrase "service economy". This is the idiotic notion that we don't need to actually sell
manufactured products; that we can grow and prosper our nation by doing each
other's laundry. To conceal the loss of manufacturing jobs, the government has
legislated into existence thousands upon thousands of useless paper-shuffling jobs,
and declared their necessity by fiat. The most obvious is the income tax which has
been so obfuscated by the government that half of you had to rely on an outside
expert to figure out just what all those incomprehensible words really meant. By this
device, the government has replaced those jobs that made products to sell with an
equal number of jobs that produce nothing whatsoever of any worth, except to keep
the unemployment figures down. This over-burdening of the American people with
gratuitous regulations and paperwork has accomplished nothing except to obfuscate
the loss of manufacturing jobs, and to transform the American character from
innovators and inventors creating new products to that of minor clerks, peeking under
each other's seat cushions for lost change.

So, with most of our manufacturing now gone, just what DOES America make?
Trouble, mostly. With 4% of the world's population and 18% of the economy, we have
50% of all the lawyers, all looking to make a killing by looting those few industries
that still call America home (like Microsoft). Kids don't want to be scientists and
engineers; they've seen how little such people are valued in our country. Based on
recent history, kids see the "big bucks" are in corporate law, specifically investment
banking, leveraged buyouts, greenmail, junk bonds, in short what other countries
describe as "trying to make money grow by shaking it side to side".

With America's ability to actually produce products that can compete on the open
world market in decline, it's no wonder that the balance of trade is the problem it is.
Nobody buys our export products because we just don't make that many any more,
and like or not, we have to buy our appliances from the people who make them, which
are NOT Americans. (When Ampex invented the VCR, they didn't even bother trying to
find an American company to make it, they immediately sold the rights to Japan).

So, what do all these countries on the plus side of the trade imbalance do with their
surplus billions? Well, they have been loaning it right back to us!

Our government engages in a practice politely called "deficit spending". Other terms
which would aptly describe the practice include "counterfeiting" and "check kiting", but
it all comes down to the same thing; spending money one does not actually have. 

What would be a jailable offence for a normal citizen was rendered legal for the
government by the Federal Reserve Act. This was not a popular piece of legislation. In
fact the Democrats had campaigned in 1912 on a platform of rejection of the creation
of a private bank in charge of a fiat money system. Nevertheless, on December 23,
1913, taking advantage of the absence of congressmen opposed to the creation of a
fiat monetary system during the Christmas break, the Federal Reserve Act was passed.

Years later, during the great depression, Congressman Louis T. McFadden (who served
twelve years as Chairman of the Committee on Banking and Currency) asked for
congressional investigations of criminal conspiracy to establish the privately owned
'Federal Reserve System'. He requested impeachment of Federal officers who had
violated oaths of office both in establishing and directing the Federal Reserve --
imploring Congress to investigate an incredible scope of overt criminal acts by the
Federal Reserve Board and Federal Reserve Banks. McFadden even suggested that the
Federal Reserve deliberately triggered the great stock market crash of 1929, in order
to eventually force the passage of the Emergency Banking Act of March 9, 1933, which
suspended the gold standard.
In describing the FED, McFadden remarked in the Congressional Record, House pages
1295 and 1296 on June 10, 1932: 

"Mr. Chairman, we have in this country one of the most corrupt institutions the world
has ever known. I refer to the Federal Reserve Board and the Federal Reserve banks.
The Federal Reserve Board, a
Non - Government Board has cheated the Government of the United States and the
people of the United States out of enough money to pay the national debt. The
depredations and the iniquities of the
Federal Reserve Board and the Federal reserve banks acting together have cost this
country enough money to pay the national debt several times over. This evil
institution has impoverished and ruined the people of the United States; has
bankrupted itself, and has practically bankrupted our Government. It has done this
through the maladministration of that law by which the Federal Reserve Board, and
through the corrupt practices of the moneyed vultures who control it".

Why all the fuss over the gold standard?

Well it goes back to the original Founding Fathers and the meaning of the word
"dollar". "Dollar" is actually a weight measure of silver, 371.25 grains, to be exact.
Our American silver dollars are actually heavier, since other metals were added for
durability. But that 371.25 grains of silver WAS the dollar, matching in weight an
unbroken chain of accepted monetary units that reached back through the Spanish
Milled Dollar, the Dutch Daller, back to the German Thaler; the product of a silver
mine which sold it's product in coins of an exact weight. The Coinage Act of 1792
defined our dollar to exactly match in weight the silver dollars in use around the
world, and then defined the gold dollar to be that amount of gold which would equal
the worth of silver in a silver dollar, 24.75 grains, 1/15 the weight of the silver in a
silver dollar.

So, what's wrong with this? Nothing really. When you, as a citizen, hold a silver dollar
or a gold dollar in our hand, you hold that actual worth of metal. Nothing the
government can do can change the worth of the money in your control. 

Take the Roman Silver Denarius. The Roman Empire is long gone, but the money that
Rome issued still has worth because the coins themselves had inherent worth. Long
after the collapse of the empire, Roman silver coins were still used as money, because
the silver in the coin itself did not depend on the issuing government for its worth.

Of course, carrying around too much coin can be bothersome, so many nations,
including our own, issued paper notes as a convenience. But that paper currency of
the nation was just a convenience. The gold and silver certificates were merely “claim
checks" for the equivalent weight of gold or silver held in the treasury, and which
would be produced on demand when the certificate was presented. But in the end, the
lawful dollar of the United States was 371.25 in silver, or 24.75 grains of gold.

The problem with this system from the point of view of the government or the banks is
that it limits the amount of money they can work with. When the bank runs out of
silver or gold (or the equivalent certificates) it can no longer lend any more money
with which to earn interest. When the government runs out of gold or silver (or the
equivalent certificates) it can no longer spend money (just like the rest of us).

The immediate effect of ending the gold standard was that with the paper dollar no
longer legally dependent on 371.25 in silver or 24.75 grains of gold, more paper
dollars (now called "Federal Reserve Notes") could be printed, their worth no longer
under the control of the citizens but under the control of the issuing central bank,
based on the total number of dollars printed (or created as credit lines). The more
dollars which are created out of thin air, the less each one is worth. 

A Federal Reserve Note. 

The swindle of the system is simple. The Federal Reserve Bank hires the US Treasury
to print up some money. The Federal Reserve only actually pays the treasury for the
cost of the printing, they do NOT pay $1 for each 1$ printed. But the Federal Reserve
turns around and loans out that money (or credit line) to banks at full face value,
those banks which have exhausted their deposits then loan that Federal Reserve fiat
money to you, and you must repay it in the full dollar value (plus interest) in work
product, even though the Federal Reserve printed that money for pennies, or created
it out of thin air in a computer.

As the Federal Reserve overprints more money, the money supply inflates, and too
much money starts chasing too few goods and services, which means prices go up. But
contrary to the charade put on by the Federal Reserve, inflation doesn't just come and
go due to some arcane sorcery. The Federal Reserve can halt inflation any time it
wants to by simply shutting down those printing presses. It therefore follows that both
inflation and recession are fully under the control of the Federal Reserve.

Over time, that excess of printing has destroyed the value of that dollar you think you
have. If you want to know by just how much, go out and try to purchase 371.25 in
silver right now. Usually, the deterioration is gradual. Sometimes, it has to be obvious,
such as the 1985 devaluation (done to halt the trade imbalance) which triggered the
Japanese real-estate grab in this country.

Many politicians have attempted to reverse this process. John F. Kennedy issued an
Executive Order 11110, requiring the Treasury Department to start printing and
issuing silver certificates for the silver then remaining in the US Treasury. 

Kennedy decided that by returning to the constitution, which states that only Congress
shall coin and regulate money, the soaring national debt could be reduced by not
paying interest to the bankers of the Federal Reserve System, who print paper money
then loan it to the government at interest. This was the reason he signed Executive
Order 11110, which called for the issuance of $4,292,893,815 in United States Notes
through the U.S. Treasury rather than the traditional Federal Reserve System. 

John F. Kennedy's United States Note. 

That same day, Kennedy signed a bill changing the backing of one and two dollar bills
from silver to gold, adding strength to the weakened U.S. currency. 

Kennedy's comptroller of the currency, James J. Saxon, had been at odds with the
powerful Federal Reserve Board for some time, encouraging broader investment and
lending powers for banks that were not part of the Federal Reserve System. Saxon
also had decided that non-Reserve banks could underwrite state and local general
obligation bonds, again weakening the dominant Federal Reserve banks". 

Kennedy's E.O. was never implemented following his assassination, and shortly
afterwards, United States silver coins were taken out of circulation and replaced with
the copper clad slugs in use today. These two events, the failure to print new silver
certificates, and the substitution of worthless slugs for our silver coins, may explain
why the Warren Commission included on its panel John J. McCloy, a man with no
experience in crime, law enforcement, or national security, but who had been the
President of the Chase Manhattan Bank.

It should be noted that the banks themselves are still using the gold standard.
Accounts are still settled between major national banks by the transfer of gold bullion.

So here we are with a bank that legally counterfeits the money you borrow but
expects a full value (plus interest) repayment. 
But what's good for the Federal Reserve is good for the government itself, and this is
where we get back into that funny word "deficit spending". The government spends
more money than it takes in. It has for many years now. The Federal Reserve, being
the only lawful source of this fiat money, prints up the excess cash the government
needs (or manufactures a credit line in a computer). This extra cash is treated as a
loan, in order to keep the government overspending from further eroding the worth of
the dollar in the world market. The government (meaning the taxpayers) is on the
hook for the full face value, plus interest. 

But there's another problem. The government is borrowing so much money that it
drives the interest rates up! You pay MORE interest on your mortgage, car loan, and
credit cards, because the government cannot balance its books. That extra interest
you pay is therefore another hidden tax. The government, in its "generosity", gives
you a tax credit on mortgage interest that is higher because of their own borrowing!

During the 80s, as exports dropped, and jobs moved from manufacturing to lower
paying "service sector" jobs, the US tax base declined. In order to keep the jobless
rate from rising, a massive defence program called the Strategic Defence Initiative
was cranked up, but since this program produced no exportable product, it produced
no taxable sales revenues, and hence the money poured into the project accelerated
the government decline into debt. Because manufacturing was on the decline, fewer
start-up companies were approaching the lending institutions, so the government
loosened up the rules (while increasing the insurable deposit limit) to allow
"investments" in more high risk ventures, most of which turned out to be frauds, or
worse, money laundering operations for drug criminals. This includes Whitewater,
Flowerwood, and Castle Grande. Despite shifting the S&L loss primarily onto the
taxpayers (to reassure foreign investors that the taxpayers still made America a safe
place to park their surplus cash) the government plunged further into debt.

In the 12 years of the Reagan/Bush administrations, the United States went from
being the world's largest creditor nation to the world's largest debtor. Many of those
nations which had enjoyed huge trade surpluses started loaning that profit back to the
United States with the stipulation that we work on our manufacturing, clean up our
infrastructure, raise taxes, in short, clean up our act, so that investment in America
makes sense!

However, we didn't quite do that.

There has been some shuffling around to try to conceal the real scope of the problem.
Over the last several years, the Federal Government has been sending less tax money
back to the states than it takes in, in taxes. This means that the states have to borrow
MORE money to cover their obligations. The net result is that the debt is being
transferred to the states, to conceal its true size. The government will easily admit to
a $3 trillion "publicly held" debt, grudgingly concede that it's "unfunded liability"
brings that number to almost $7 trillion, but the real hard truth is that total
government debt, state and federal, is now over $14 trillion dollars, or about 50,000
for every man, woman, and child inside the United States. 
Since 1960, the taxpayers have shelled out $15 trillion in interest payments alone,
while the principal continues to rise. 

Yet another stunt the government has pulled is to "borrow" from the various trust
funds under its control. Some $2 billion has vanished from the trust accounts of Native
Americans (presently suing the Departments of the Interior and Treasury), and nearly
¾ of a TRILLION dollars has been removed from your Social Security retirement trust
fund and spent in the last 8 years. 

If the government has to borrow your retirement money when things are supposed to
be so good, under what conditions can it repay the money? Or is that government IOU
in your retirement account merely a promise to either tax you a second time or stiff
you on the benefits you thought you were paying for?

In the last 8 years, during what are supposed to be record setting good times, the
Federal government has nearly DOUBLED its debt load. The estimated interest on the
debt equals all the personal income tax paid by all Americans. Our government is so
deep in debt that it cannot get out.

This brings us to the issue of collateral. We've borrowed so much money the lenders
are getting nervous. Back during the 
Johnson administration Charles DeGaulle demanded the United States collateralize the
loans owed to France in gold and started carting out the bullion from the treasury.
This caused several other nations to demand the same and President Nixon had to
slam the gold window closed or the treasury would have been emptied, since the
United States was even then in debt for more money than the treasury could cover in
gold. 

But Nixon had to collateralize that debt somehow, and he hit upon the plan of quietly
setting aside huge tracts of American land with their mineral rights in reserve to cover
the outstanding debts. But since the American people were already angered over the
war in Vietnam, Nixon couldn't very well admit that he was apportioning off chunks of
the United States to the holders of foreign debt. So, Nixon invented the Environmental
Protection Agency and passed draconian environmental laws which served to grab land
with vast natural resources away from the owners and lock it away, and even more,
prove to the holders of the foreign debt that US citizens were not drilling. mining, or
otherwise developing those resources. From that day to this, as the government sinks
deeper into debt, the government grabs more and more land, declares it a wilderness
or "roadless area" or "heritage river" or "wetlands" or any one of over a dozen other
such obfuscatorial labels, but in the end the result is the same. We The People may
not use the land, in many cases are not even allowed to enter the land. 

This is not about conservation, it is about collateral. YOUR land is being stolen by the
government and used to secure loans the government really had no business taking
out in the first place. Given that the government cannot get out of debt, and is
collateralizing more and more land to avoid foreclosure, the day is not long off when
the people of the United States will one day wake up and discover they are no longer
citizens, but tenants. 

If you were to imagine a map of the united States (correct spelling, then take 4/5’s of
the western US, you’d get a pretty good idea of the current extent of all lands grabbed
by the government under the guise of environmentalism. 

In short, the United States is in deep trouble. We have lost a huge amount of our
manufacturing capacity, and those products we still make do not compete well on the
world market, despite the steady devaluation of the dollar. In short we have vast
debts to pay and little to pay them with. Like the foolish Farmer we have sold the
machinery that allowed us to prosper, and we stand around shaking our investment
portfolios back and forth in the hopes that the money inside will somehow grow all by
itself. It won't. It never has. The very best that can be said is that money gets moved
from one person to the other.

Those nations and banks to whom we owe money have been very patient indeed with
us. They know that our economies are so tightly entwined that what hurts America will
hurt them. But sooner or later, possibly after a market crash, someone, in order to
pay their own debts, will demand their loans to the United States be paid. Rather than
get caught with "bad paper", there will be a run on the United States government. 

In addition to the government debt of $14 trillion, our businesses are home to trillions
more in foreign investment, kept here by the promise that the American taxpayer will
be made to cover all losses. But with our manufacturing in decline and our schools
producing far more lawyers than anything else, it should be obvious to the prudent
observer that the American taxpayer, even if so inclined, may not be able to cover the
losses of their own government, let alone a foreign investor. 

That has to be making them nervous as well.

This brings us to the "equities markets", most notably the stock market. Over the last
several years a constant media harangue has assured us that the soaring numbers of
the stock market are the sole measure of how good our economy is. But close
examination of those high-priced stocks reveals that most are heavily over-valued;
their price the result of market forces rather than underlying worth (earnings ability).
Amazon.com, as one example, has had a terrific run-up of its stock price, even though
the company itself has yet to show a profit. 

The government has admitted to using covert means to prevent a market downturn;
to keep the stock prices at an artificially high and overvalued level, in order to wave
those impressive numbers about as "proof" that everything is okay so that the
taxpayers go back to work and pay more taxes. But in order to keep those stock prices
up above their actual worth, demand must be maintained to keep the prices high. In
other words, NEW investors must constantly be brought into the bottom of the
pyramid to keep the prices of the stocks at the top from dropping. Hence the onslaught
of commercials luring neophyte investors into the stock market via "online trading".
Like any Ponzi scheme, the stock market will collapse when no more new buyers can
be dragged in at the bottom. As the market starts to stutter, governments (most
recently Britain) have moved to dump huge reserves of gold onto the world market to
depress gold prices and deter investors from deserting the stock market for gold.

Some years back I worked on the film version of "The Day The Bubble Burst", and in
between playing a stock broker, I got to spend some time with the show's consultant,
Mr. William Hupt, who had been on the trading floor in 1929 as it all fell apart. 
He still had, framed, that last strip of ticker tape that ushered in the Great Depression,
and he shared some stories which have a bearing on what is going on today.

The first story Bill shared is that there had been early indications of a dangerously
over-valued market, running to deep on margin, and like the Plunge Protection Team,
the largest investment houses, in particular the House of Morgan, attempted to
reverse the early corrections by purchasing large blocks of stock in order to create
market demand and drive the prices back up. It worked all but the last time.

The second story Bill shared was that a friend of his, riding up to his office in
September of 1929, overheard the elevator operator chatting about his own stock
portfolio, and his investments. Something about that image of an elevator operator
playing the market set of warning signals, and Bill's friend immediately liquidated his
entire portfolio, just in time to miss the great crash. Many people, including the actor
Charlie Chaplin, had recognized the "recruitment" of that segment of society that did
NOT have risk capital as new investors as a desperate attempt to prop up an
overvalued market, and got out in time to save their own personal fortunes.

In the end, there is no such thing as a free lunch. You cannot make money grow in
value by shaking it back and forth from one bank to another. You cannot prosper a
nation by doing each other's laundry, or filling out their government mandated and
greatly obfuscated paperwork, or flinging stock certificates around which may have as
little real worth as Federal Reserve Notes. To make money, to show a profit, you must
make products that somebody else wants to buy, and sadly, that is a capability the
United States has allowed to slip away in great measure. The "service economy" was
political propaganda to make the public believe that the decline of our manufacturing
ability was a good thing. 

Our nation is broke, bankrupt, and having sold much of its machinery and technology
(or given it away to political donors), is unable to easily return to those endeavours
which once made our nation great. Our infrastructure is in decay (the percentage of
roads in the US with major damage doubled last year alone,) our public schools unable
to produce a workforce able to function in a high-tech manufacturing environment,
and those managers end engineers with manufacturing experience have in great part
been lured away to other nations. The severity of our total government debt has
reached a point where the promise that the taxpayers can be made to cover any
foreign investment loss rings hollow, because we can no longer pay the debts our
government has now.

Our nation is in trouble. We don't make many of the products we used to make.
Consequently we don't have the products to sell that we used to. We don't even make
most of the products we need ourselves (like that computer you're staring at this very
moment). Result: we have a massive trade imbalance. Cash is flowing out of the
nation, and it's not coming back in anywhere near as fast. There's no way to spin it;
that is a major problem. Our nation is becoming poorer, it is hopelessly in debt, and all
the artificial escalation of stock prices cannot conceal that.

And as the artificially pumped up stock market continues to decline, the true scale of
the economic horror which is the product of decades of government corruption, will
become apparent to all.

26 posted on 04/10/2002 9:31:12 AM PDT by editor-surveyor
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To: Issaquahking
Bump for later.
28 posted on 04/10/2002 9:49:24 AM PDT by StriperSniper
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To: Issaquahking
"Long after the collapse of the empire, Roman silver coins were still used as money, because the silver in the coin itself did not depend on the issuing government for its worth. "

Bingo.
Not having to depend on the issuing government for the worth of our currency is something the "issuing government" will never allow.
They want us barefoot and pregnant, so to speak. An oath of fealty.
Bow down before the one you serve...you're going to get what you deserve.

34 posted on 04/10/2002 10:22:02 AM PDT by Bloody Sam Roberts
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