ShokWaveRider
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
All:
It is interesting when I watch the talking heads, government representatives (in particular) and such like promote X and downgrade Y. Whether these be trends, stocks, the economy, ideas or generalities. Talk about something for long enough and it will happen. A La the house price decline. They talked and talked and finally it happened. Then recession, more talk and more talk and finally our illustrious government admits there may be a slight recession underway. No one remembers, or chastises them appropriately for saying no...., everything fine, the economy is good, blah blah blah. They lie through their back teeth and we all just sit around like sheep and follow their blunders or mis analysis, complaining continuously about them, but doing not much about it. I must confess, I am guilty as charged. But, I am not an idiot, I just don't think any of us have any real control over it or the energy. If the government wants to spend copious quantities of cash on things we do not want them too, it is just tough, they do it anyway.
Well here is a completely uneducated look at things. IMHO all this turmoil in the economy, can be attributed to 2 things, 1) the decline of the Dollar, 2) the reductions in interest rates and 3) government overspending.
All Americans regardless of what they may think are at least 50% poorer that they were in 2001. The Dollar is 50% devalued. Oh the Government is for a Strong Dollar by the way. Tongue in cheek, that's a tall one if ever I heard it. Oh in addition the low dollar is good for exports. So what have we seen.
Oil has more than doubled and this directly affects inflation, transportation etc. - So you are an oil producer getting paid in dollars, the dollar dies, you manipulate prices by reducing output, shut down refineries for maintenance or whatever until the price goes to where you want it to be. Things do not typically go back to where they were exactly so job done. Do the math, oil is up in proportion to the dollar's demise. A 50% loss in currency translates to a 100% in a corresponding commodity.
Interest rates get put down to TEMPORARILY pander to Wall street. Now this is a fundamental mistake. Inflation is going up in part as a result of the price of oil, food is noticeably more expensive, buying basics from other countries cost more because of the pathetic US currency that no one wants, normal financiers would INCREASE interest rates to counteract inflation, but noooooooo, we reduce them.
One can go on.
Oh yes, the government are gleeful we are winning the war on terror. that is wonderful. But at a cost, the economy, which by the way affects EVERY AMERICAN.
Bin Laden may be loosing the war on terror, that is a good thing. But he is certainly winning the financial decline of the American Empire. Perhaps this was their original target and simply misled us with the bombs and be-headings?
And now don't jump on me for not being supportive or patriotic, I am, as much as the next guy. But enough is enough.
Check out this scenario.
I have a sick child (The USA People who are struggling to make ends meet and get adequate health care), so does my neighbor. But my neighbor would rather spend money on a new TV, and supporting causes that a not directly related to their family's best interest. I, feeling sorry for their child, forfeit my own sick child's heath needs and instead pays for my neighbor's child to get the best care by giving him lots of my family's US dollars!
YEAH like that would happen. But that is what the USA does every day. The government gives trillions to foreign country's while neglecting it's own children, family and household needs
When will it stop?
Off Soap Box.
SWR
It is interesting when I watch the talking heads, government representatives (in particular) and such like promote X and downgrade Y. Whether these be trends, stocks, the economy, ideas or generalities. Talk about something for long enough and it will happen. A La the house price decline. They talked and talked and finally it happened. Then recession, more talk and more talk and finally our illustrious government admits there may be a slight recession underway. No one remembers, or chastises them appropriately for saying no...., everything fine, the economy is good, blah blah blah. They lie through their back teeth and we all just sit around like sheep and follow their blunders or mis analysis, complaining continuously about them, but doing not much about it. I must confess, I am guilty as charged. But, I am not an idiot, I just don't think any of us have any real control over it or the energy. If the government wants to spend copious quantities of cash on things we do not want them too, it is just tough, they do it anyway.
Well here is a completely uneducated look at things. IMHO all this turmoil in the economy, can be attributed to 2 things, 1) the decline of the Dollar, 2) the reductions in interest rates and 3) government overspending.
All Americans regardless of what they may think are at least 50% poorer that they were in 2001. The Dollar is 50% devalued. Oh the Government is for a Strong Dollar by the way. Tongue in cheek, that's a tall one if ever I heard it. Oh in addition the low dollar is good for exports. So what have we seen.
Oil has more than doubled and this directly affects inflation, transportation etc. - So you are an oil producer getting paid in dollars, the dollar dies, you manipulate prices by reducing output, shut down refineries for maintenance or whatever until the price goes to where you want it to be. Things do not typically go back to where they were exactly so job done. Do the math, oil is up in proportion to the dollar's demise. A 50% loss in currency translates to a 100% in a corresponding commodity.
Interest rates get put down to TEMPORARILY pander to Wall street. Now this is a fundamental mistake. Inflation is going up in part as a result of the price of oil, food is noticeably more expensive, buying basics from other countries cost more because of the pathetic US currency that no one wants, normal financiers would INCREASE interest rates to counteract inflation, but noooooooo, we reduce them.
One can go on.
Oh yes, the government are gleeful we are winning the war on terror. that is wonderful. But at a cost, the economy, which by the way affects EVERY AMERICAN.
Bin Laden may be loosing the war on terror, that is a good thing. But he is certainly winning the financial decline of the American Empire. Perhaps this was their original target and simply misled us with the bombs and be-headings?
And now don't jump on me for not being supportive or patriotic, I am, as much as the next guy. But enough is enough.
Check out this scenario.
I have a sick child (The USA People who are struggling to make ends meet and get adequate health care), so does my neighbor. But my neighbor would rather spend money on a new TV, and supporting causes that a not directly related to their family's best interest. I, feeling sorry for their child, forfeit my own sick child's heath needs and instead pays for my neighbor's child to get the best care by giving him lots of my family's US dollars!
YEAH like that would happen. But that is what the USA does every day. The government gives trillions to foreign country's while neglecting it's own children, family and household needs
When will it stop?
Off Soap Box.
SWR
