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Originally posted by Wildmanimal
reply to post by Helious
So tell me, do you empower The People, or do you empower Wall St. ?
Because that seems to be the issue The Leaders of The United States of America
are discussing at this point..
Correct me if I am wrong, but it appears that they are considering providing some
alms as a placation to the recent crimes of untold magnitude that has occurred over
the last 3 Decades. Remember the Junk Bond Bailouts?Remember the 16 Trillion Bailout?
Kind of coincidental that number is with The US Debt now isn't it?
It appears that the folks who actually PRODUCE something with their own Hands have
been noticed. Link: en.wikipedia.org...
Here is another economic viewpoint by Jim Rogers.
I respect Peter Schiffs analysis, and have followed his data for a number of years now.
I just want to be clear on that.
Food for Thoughtedit on 14-2-2013 by Wildmanimal because: typo
Originally posted by Apollumi
While I agree with Mr. Schiff to some degree I think he is being a little more than naive. Yep, me, little ole me is calling him naive. What made the middle class in the US was WWII. The majority of the rest of the northern hemisphere had been bombed and beaten to # and their manufacturing capacity greatly limited. We had the ability to produce unhindered. Money poured into this country.
Then, we lucked out and made computers. This carried us a bit further.
Now here we sit with a growing nation of people that have no ability for critical thought. The children of only two generations of "plenty" think this is how life is. They expect to get some trivial degree and be rewarded with all the nice stuff they see around them. All the while we fall further behind in education. We rack up debt unhindered because no politician will tell the truth of what is coming. But can you blame them. Very very few in this nation would here the truth without ranting and raving and crying foul. On the financial horizon the people see pain coming and they hope the blame falls someplace other than themselves.
The state of the union is this. A vain people have done themselves in and will reap as they have sown.