The end of excess: Is this crisis good for America?, page 1

The End of Excess: Is This Crisis Good for America?

Don't pretend we didn't see this coming for a long, long time.

In the early 1980s, around the time Ronald Reagan became President and Wall Street's great modern bull market began, we started gambling (and winning!) and thinking magically. From 1980 to 2007, the median price of a new American home quadrupled. The Dow Jones industrial average climbed from 803 in the summer of 1982 to 14,165 in the fall of 2007. From the beginning of the '80s through 2007, the share of disposable income that each household spent servicing its mortgage and consumer debt increased 35%. Back in 1982, the average household saved 11% of its disposable income. By 2007 that number was less than 1%.

It's as if we decided that Mardi Gras and Christmas are so much fun, we ought to make them a year-round way of life.

www.time.com...
Excellent article!
Whadya think fellow peeps? Is this crisis good for America after all?

reply to post by dodadoom

---

Yes as Americans we have been collectively materialistic. Maybe not everyone, but a large percentage...
So to that end it is good. Wish that we could have corrected with out
the massive Ponzi Scheme perpetrated on us by the Federal Reserve!

Originally posted by dodadoom
The End of Excess: Is This Crisis Good for America?

Oh lord.

This worldwide financial 'crisis' was engineered.
It's not some fault of a free market society.
It wasn't created by greedy capitalists.
It's because of the New World Order.
They engineered this to create their One World Currency.
(Obama's buddy Timmy Geithner is calling for it.)
It was engineered to create the New World Order.

Anyone who thinks this crisis is because of 'greedy capitalists' is dead wrong. That's exactly what 'THEY' want you to think. Just as the Nazis wanted everyone to think all the problems in the world were the fault of the Jews ... Capitalists are going to be the scapegoat.

And sadly ya'll are buying it. It's faux-alturism at it's worst.

Killing the free market society and capitalism is NOT good for America.
It's not good for anyone.

Ayn Rand Center Response to Financial Crisis thread

Originally posted by FlyersFan

Originally posted by dodadoom
The End of Excess: Is This Crisis Good for America?

Oh lord.

This worldwide financial 'crisis' was engineered.
It's not some fault of a free market society.
It wasn't created by greedy capitalists.
It's because of the New World Order.
They engineered this to create their One World Currency.
(Obama's buddy Timmy Geithner is calling for it.)
It was engineered to create the New World Order.

Anyone who thinks this crisis is because of 'greedy capitalists' is dead wrong. That's exactly what 'THEY' want you to think. Just as the Nazis wanted everyone to think all the problems in the world were the fault of the Jews ... Capitalists are going to be the scapegoat.

And sadly ya'll are buying it. It's faux-alturism at it's worst.

Killing the free market society and capitalism is NOT good for America.
It's not good for anyone.

Ayn Rand Center Response to Financial Crisis thread

Flyers does bring up a good point which my housemate and I were discussing yesterday in regard to this idea which is that the concept that to live without want or need is not the same thing as to live in excess and it really depends on what your perception of excess is.

I can't say for sure where my housemate stood on the idea, but his agreement came when I likened it to a society where someone who likes to farm becomes a farmer and feeds their own as well as others...artists are artists, technicians are techs...you follow your dream and in some way it would work out so that you didn't end up having to stray from your natural tendencies in order to meet your daily needs...all would be provided.

The idea that life should be arduous or even remotely difficult is a false idea and is being perpetuated in order to justify theft...from you.

I guess if you are told all your life that suffering is mandatory, you are more likely to accept that notion.

So long as we have people who lie, cheat and steal, though...the farmer can't ever harvest enough and so the artist must farm...

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