iampolluted
Active member
i'm guilty^^^. i like this thread....no one has been kicked in the balls yet and we're 10 pages deep.
Place for Dummies to Hang
- Thread starter Jbonez
- Start date
Yes, that's the general idea. They have a limitless credit card to waste money with. Free money enables their fiscal profligacy and leads them to believe they can spend without consequence. It's a totally corrupting influence.
You are right that this could all be used for the great advancement of the human species. Great things could have been done with all this free money, but alas it wasn't and never will.
In social contract theory I reckon you lean towards Rousseau with some Locke whereas I agree with Hobbes on the State of Nature, but agree with Locke on the purpose of government. The technical definitions for these contrasting views of humanity is idealism vs realism. You're are idealist and I'm a realist. Ya'll tend to look at what could be and we tend it look at what has happened in the past and what is and extrapolate forward.
Human nature has always dictated that when power, especially the power to create money, becomes so concentrated in the hands of the few it is abused to the many's determent.
unspoken
Member
Being a realist, would you not agree that the federal government has done some extremely beneficial things for its people? Stuff like social security, medicare, waste management, 4 and 8 lane highways, power grid, everything we use on a daily basis that came from military and nasa research, marshall plan. What private companies are going to invest in infrastructure the way the federal government has, and when we do privatize, do we see much if any less abuse of the common man? Have you ever read The Jungle? I will say that yes, we have collectively allowed this to happen, but what is the solution you counter with? You can't just say that the invisible hand will take care of everything. Well, I mean, you CAN.
This is one of my favorite quotes from Andrew Jackson when he shut down the 2nd attempt at a central bank of the US.
I have no doubt that it (moral hazard) will eventually destroy us too. Rampant moral hazard is a symptom of an empire going into it's death spiral.
Any of that sound familiar for why he shut it down? Privatizing gains and socializing losses? The fact that we allow it continue on such a massive scale today (globally) is the moral hazard I speak of and Andrew Jackson knew that such unchecked predatory behavior would eventually destroy a country. Today it is the norm and cheered for by the masses because if we don't do it "everything will collapse" or so that's the story the fear mongering media perpetuates to keep the status quo going.
I have no doubt that it (moral hazard) will eventually destroy us too. Rampant moral hazard is a symptom of an empire going into it's death spiral.
unspoken
Member
But why do they keep coming back when we shut them down? Because people panic without them. They offer security. I know you don't see it that way, but to me, it is what it is. I'm sure your opinion is that they came back because rich and powerful people want them back and make it happen. Look at what Madison said about it when signing the charter of the 2nd. What you call me being an idealist, I call recognizing there is "necessary evil." Maybe the culture of not caring about this stuff on a wide scale is a product of the government conditioning people to not care, or maybe it's a byproduct of us being fat and happy for so long.
George Washington understood that one of the greatest threats to the Republic was a standing army. We have lots of new technology due to the military, yes. But at what cost to the human race? Lots of new toys developed from the wars we have waged, yes? But at what cost to humanity. How many have had to die for our new toys?
The Marshall plan is a great example of the broken window fallacy that Keynesian's subscribe to. Destroy something and rebuild it and it's economically productive. Like Krugman constantly going on tv after natural disasters and saying all the new economic activity centered around rebuilding is a GDP boosts and thus good.
What he and Keynesians completely miss is that the destruction of wealth and resources is always a bad thing. The capital that is used to rebuild after the destruction would have been reallocated to more productive means. If his logic worked then half the country should go around smashing shit and burning things down and the other half go behind them and rebuild.
Does that seem like a logical allocation of capital?
I don't like SS. Safety nets used to be the family and that created strong family values. Now the safety net is Big Brother and look at where our family values are today.
Bankers working in unison can create panic. Create a crisis and capitalize on it to get what you want.
Look at the housing crisis. They win and we always lose. I'm not Christian. I'm agnostic, but there is a reason Jesus ran the money changers out of the temple. This is a battle that has been waged since "money" came into existence.
They offer a false sense of security. Gain your trust and then plunder your wealth and burn the house down. Wolves in sheep's clothing.
SpasticGramps - Here is another article about what Jeremy Grantham is saying about future GDP numbers...not pretty.
http://www.businessinsider.com/jeremy-grantham-us-growth-forecast-2012-11
-Funk
http://www.businessinsider.com/jeremy-grantham-us-growth-forecast-2012-11
-Funk
You should read up on Brown Brothers and Harriman whose assets where seized after the war under the Trading with the Enemy act.
Follow the money my friend.
Follow the money my friend.
Good article. I saw it ZeroHedge today too. Not enough growth to account for population growth leads to more unemployment leads to less spending to more unemployment etc etc. Less tax revenues to fund growing deficits etc etc. Yeah not good.
Downward spiral.
unspoken
Member
It's going to be bad for a while guys. No one here is saying everything is fine the way it is. You are on some next level thinking gramps, I'll give you that for sure, but I don't buy it. Yeah it's bad, yeah it's probably going to get worse before it gets better. The problem with your family safety net is that your family has to have the money to be your safety net.
Max Yields
Active member
Whoah! I haven't watched all the vids or even read the whole thread, but I'm worried. It's time for me to start learning about & investing in gold, possibly even ammo & weapons...but that's another thread. Gold seems like a sound investment the way the money value for dollars is steadily decreasing.
Max Yields
Active member
Yea, I figured the same a couple years back, now it's really too late huh.......... Jewel heist???
I keeds...
I keeds...
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The monetary metals train will keep going as long as the fundamentals support it. The fundamentals being global monetary debasement via monetizing sovereign debt (ie printing money to fund sovereign debt).
If the central banks ever stop printing metals will tank hard, but they can't because the governments they support are insolvent and are defaulting via the printing press so.......
I still like waterfront property as the investment. Taking delivery of metals as a hedge to government incompetence is a good idea IMO. Diversify diversify diversify.
Welcome to my level.
Wrong or not. We'll see. I think the data is pretty clear.
If the central banks ever stop printing metals will tank hard, but they can't because the governments they support are insolvent and are defaulting via the printing press so.......
I still like waterfront property as the investment. Taking delivery of metals as a hedge to government incompetence is a good idea IMO. Diversify diversify diversify.
Welcome to my level.
Wrong or not. We'll see. I think the data is pretty clear.
IMO, the real safety is net is love and support from a close family. With the erosion of family values via reliance on the government for our needs we see the results and they are poor IMO.
Love and support > government money
Is it harder? Yes. But it builds stronger communities. And that's how civilizations grow and thrive.
Max Yields
Active member
I have plenty of tin foil hats, I'll be safe... Heck, I'll start supplying everyone with tin foil hats, then aluminum & tin cans will be the currency since precious metals are no longer worth anything... I try to stay optimistic. I'm not the only one screwed if this happens, everyone is. So I'm kind of comforted in an un-easy way. I'll try & make the best out of it. You know how the saying goes, "If you speak about death enough, death is gonna come".
