Amero?

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    Amero?


    What the **** is happening?

    Hal Turner Show: CONFIRMED: U.S. GOV'T WILL COLLAPSE BEFORE SUMMER 2009; WILL REPUDIATE NATIONAL DEBT; ISSUE NEW CURRENCY AND DEVALUE "OLD DOLLARS" BY 90%

    Conspiracy theories or what? I mean they make it seem like the ****ing

    end of the world.

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    the discussion of the Amero has been going on for years. New World Order anyone
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    I was unaware. So what are your thoughts? Possible or highly unlikely?
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    In theory, likely.
    In real life, unlikely.
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    Quote Originally Posted by liquid View Post
    In theory, likely.
    In real life, unlikely.
    Agreed. One world government, even in currency, isn't an option right now. People wouldn't buy it.
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    Quote Originally Posted by liquid View Post
    In theory, likely.
    In real life, unlikely.

    very true! I concur

    Some of the other countries have wanted this for years!
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    NAU is already signed.
    But CDB makes a great point, they have to do it slow.
    If you heat the water too fast, the frogs will jump out.

    I think our current financial problems will continue to be "worked on" while in reality the FR turns the knife. Our economy will someday be wounded to the point it finally fails, and we will adopt the Amero and the NAU and see it as our savior....rather than tighter shackles.
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    Quote Originally Posted by CDB View Post
    Agreed. One world government, even in currency, isn't an option right now. People wouldn't buy it.
    Yes they would if BHO told them it was the only way to solve the problems
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    Quote Originally Posted by CDB View Post
    ... One world government, even in currency, isn't an option right now. People wouldn't buy it.
    Haha, you're either shillin' or slippin' CDB! Would you have guessed a black pres just a few years ago? Just like you think people wouldn't buy the Amero, you're behind the curve brother.
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    Quote Originally Posted by DR.D View Post
    Haha, you're either shillin' or slippin' CDB! Would you have guessed a black pres just a few years ago? Just like you think people wouldn't buy the Amero, you're behind the curve brother.
    No, but I would have guessed a Democrat one, that just turned out to be Hillary or BHO, and no one wanted a first mullet so they signed him up. As for the Amero, people might buy it in concept, but not what is necessary to make it happen in reality. That's the problem.
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    I think that the Amero will only be embraced upon the complete collapse of our dollar, and the experience of Weimar Republic like inflation in this country.

    When people are earning 3million dollars a week, and still unable to buy the staples at the grocery store, people will glady accept the NAU and its new currency.

    Look at some recent Ron Paul interviews, he is on top of this (as usual). He mentions a recent meeting of central bankers, and how Bernanke would not tell congress what they discussed. He also mentioned how there is now 70% more dollars in circulation since Oct 08, and how the inflationatory realities that accompany this massive increase in cash has not been realized yet.
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    Quote Originally Posted by CDB View Post
    No, but I would have guessed a Democrat one, that just turned out to be Hillary or BHO, and no one wanted a first mullet so they signed him up. As for the Amero, people might buy it in concept, but not what is necessary to make it happen in reality. That's the problem.
    If the Amero was a gold or silver backed currency I'd be all over it. We all know that won't happen though.

    I like the idea from the website below. Owning gold in your bank account and just using a debit card that pulls out the money through the gold exchange rate when you make a purchase.

    http://www.goldmoney.com/
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    Quote Originally Posted by RobInKuwait View Post
    If the Amero was a gold or silver backed currency I'd be all over it. We all know that won't happen though.
    Of course not. A commodity standard severely limits the ability of the government to spend, therefore the government will never willingly adopt it.
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    mexico + usa + canada = amero?
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    What people want in order for such a thing to happen is a crisis. When there is a crisis people tend to accept anything. Look at all the civil liberties lost because of 9/11.

    Many can say that a North American Union, World government, or Amero is nothing but conspiracy talk. Yet when you have people like the Rockefeller's who own many of the oil companies, are founding members of the Federal Reserve. Own Bank of America and have started the Council of Foreign relations, Tri-lateral commission and the Bilderberg Group. All with stated goals of a world government controlled by central bankers. When every member of the cabinet of the president for decades has been a member of the CFR. It is hard to not listen to what they say there goals are. When you understand there influence in the U.S and world and then read what they have said... Research kissinger and the CFR.. Research Rockefeller and the CSR..

    You will be very surprised. lol There are recordings of Rockefeller thanking the New York Times and other media outlets for keeping the CFR's goals secret from the public with the intent of world government..

    Now you can call me crazy.. But i am just repeating what they.. our leaders are saying..
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    Quote Originally Posted by jonesboy View Post
    What people want in order for such a thing to happen is a crisis. When there is a crisis people tend to accept anything. Look at all the civil liberties lost because of 9/11.

    Many can say that a North American Union, World government, or Amero is nothing but conspiracy talk. Yet when you have people like the Rockefeller's who own many of the oil companies, are founding members of the Federal Reserve. Own Bank of America and have started the Council of Foreign relations, Tri-lateral commission and the Bilderberg Group. All with stated goals of a world government controlled by central bankers. When every member of the cabinet of the president for decades has been a member of the CFR. It is hard to not listen to what they say there goals are. When you understand there influence in the U.S and world and then read what they have said... Research kissinger and the CFR.. Research Rockefeller and the CSR..

    You will be very surprised. lol There are recordings of Rockefeller thanking the New York Times and other media outlets for keeping the CFR's goals secret from the public with the intent of world government..

    Now you can call me crazy.. But i am just repeating what they.. our leaders are saying..
    Civil liberties are peanuts when you compare them to economic liberties. Our government charges people almost 50% taxes, has borrowed more money than can ever be paid back, and pays entitlements to almost 20% of the nation's population. You may be worried about warrantless wire taps and putting overseas terrorists in jail for extended periods of time without trials, but I could give a fuck compared to the economic stagnation caused by overspending and debt in the federal government.
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    Actually i care more about the government being able to call any american a terrorist and then being able to torture them and put them in jail without cause. I am worried about the government spying on our phone calls and our internet use.

    I am also believe that we live in what can be called corporatism. The corporations control this country not the people. I believe that all these bail outs will go to the big businesses and little to the people. We have already over paid 78 billion dollars over the stock price to bail out the banks. Many have used that money to buy up other banks but not help people.

    On this bail out issue, look at it like this. They had two choices. One to help the banks like they are now. Or they could have let the home prices fall and let people refinance. One really helps the banks and just barely helps the people. My way would have helped the people to a much greater extent. The government is spending billions to artifically prop up home prices. Who does it help?

    We have massive debt and we keep spending. Long or short term that has to devalue the dollar and add massive inflation. Before all the spending it was estimated at 10%. The hidden tax. Food prices anyone? Anyone ever think to ask why they are so high? Why a coke use to cost 25 cents when i was a kid and now it is a dollar.

    And no one is doing a damn thing about it... except Ron Paul.. i will give him credit..
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    Quote Originally Posted by jonesboy View Post
    Actually i care more about the government being able to call any american a terrorist and then being able to torture them and put them in jail without cause. I am worried about the government spying on our phone calls and our internet use.

    I am also believe that we live in what can be called corporatism. The corporations control this country not the people. I believe that all these bail outs will go to the big businesses and little to the people. We have already over paid 78 billion dollars over the stock price to bail out the banks. Many have used that money to buy up other banks but not help people.

    On this bail out issue, look at it like this. They had two choices. One to help the banks like they are now. Or they could have let the home prices fall and let people refinance. One really helps the banks and just barely helps the people. My way would have helped the people to a much greater extent. The government is spending billions to artifically prop up home prices. Who does it help?

    We have massive debt and we keep spending. Long or short term that has to devalue the dollar and add massive inflation. Before all the spending it was estimated at 10%. The hidden tax. Food prices anyone? Anyone ever think to ask why they are so high? Why a coke use to cost 25 cents when i was a kid and now it is a dollar.

    And no one is doing a damn thing about it... except Ron Paul.. i will give him credit..
    Don't flatter yourself that the government really cares what you are doing with yourself. If your name is not Ali Al Abaristan, I don't think you have too much to worried about.

    I really don't believe that corporatism line. If corporations were really running the show, would we have a minimum wage, environmental regulations, coercive unions, social security, welfare, anti-trust legislation, the second highest corporate tax rate in the world, medicare, medicaid, child labor laws, CEO salary limits, discrimination laws, and "cap and trade" taxes?

    We are in the situation we are in due to incompetent, well intentioned politicians, who feel an obligation to "help" every American through another American's taxes.

    I like Ron Paul too. He's the man.
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    Quote Originally Posted by RobInKuwait View Post
    Don't flatter yourself that the government really cares what you are doing with yourself. If your name is not Ali Al Abaristan, I don't think you have too much to worried about.

    I really don't believe that corporatism line. If corporations were really running the show, would we have a minimum wage, environmental regulations, coercive unions, social security, welfare, anti-trust legislation, the second highest corporate tax rate in the world, medicare, medicaid, child labor laws, CEO salary limits, discrimination laws, and "cap and trade" taxes?

    We are in the situation we are in due to incompetent, well intentioned politicians, who feel an obligation to "help" every American through another American's taxes.

    I like Ron Paul too. He's the man.
    lol you have to give a little to take a lot. Much of that list is taking money from the people and redistributing it to other people. What is it? The top 10% own 80% of the wealth. I can guarantee you that the other 90% are paying more than the top 10% into all of those social programs. Don't forget that many, many companies lobby for many regulations and laws. Wonder why? It makes it harder for new companies to get into the business due to the costs.

    Example, Hotels lobbied to make all hotels regardless of size to have fire suppression systems, fire exits the whole nine yards. Large corporations can afford to do this. Smaller companies have a much harder time and many had to go out of business because of the costs...
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    Quote Originally Posted by RobInKuwait View Post
    I really don't believe that corporatism line. If corporations were really running the show, would we have a minimum wage, environmental regulations, coercive unions, social security, welfare, anti-trust legislation, the second highest corporate tax rate in the world, medicare, medicaid, child labor laws, CEO salary limits, discrimination laws, and "cap and trade" taxes?
    Well no form of government is ever truly a pure form. We've never had a purely socialist government even counting the USSR, and we've certainly never had a purely capitalist government, or lack thereof to be more precise. I think it is fair to say that corporations hold a major controlling interest in the US government, especially banks. Why do you think they are getting a trillion of our dollars? It rarely goes the other way and in such high numbers, and that's the direct give aways today which doesn't count what they've managed to steal through the back door of inflation.

    The real breakdown is between net tax payers and net tax consumers. Corporations are almost all in the latter category, a few other special interests have forced their way in as well. The rest of us are in the net payer section.

    We are in the situation we are in due to incompetent, well intentioned politicians, who feel an obligation to "help" every American through another American's taxes.
    This I admit is a matter of judgement. You say we are here because they're incompetent, I say we are here largely because they are malicious. I mean, how many times can they enact the same failed policies to benefit no one but their fat cat friends before even they realize how full of **** they are? In BHO's speech last night the guy cited failed Keynsian policies from FDR and Japan as a reason to use the same failed policies here.

    In my view it's a big maybe as to whether or not the politicians are ignorant and just screwing us out of stupidity. I think a good number to most know they are doing so and just don't give a ****. And the people they're giving these hand outs to, they damn well know what they're involved in. As for the politicians, you do eventually have to ask, "How stupid can they really be?"

    I like Ron Paul too. He's the man.
    Unfortunately he also proved we're totally ****ed. Everyone used to think it was a money problem, and that if a pro liberty pro freedom candidate could just get the funding his message could be heard and the people would respond. Ron Paul was pretty damn well funded, and guess what? His message energized a few, but fell mostly on the dull, enstupidated ears of a public, any one of whom really couldn't tell their ass from any particular hole in the ground, who couldn't have given a **** less. He was then ground down and out by a two party political machine with help from a compliant media.

    To me all his campaign proved was that it's way past the time for working within the system and getting much closer to the time that shooting the pricks will be the only viable option.
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    Quote Originally Posted by CDB View Post
    To me all his campaign proved was that it's way past the time for working within the system and getting much closer to the time that shooting the pricks will be the only viable option.
    You know i hear that a lot.

    Here is a great site if you want to learn how the oil, banks and media work together among other things. Here

    Another site with some good info. Here
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    Quote Originally Posted by jonesboy View Post
    lol you have to give a little to take a lot. Much of that list is taking money from the people and redistributing it to other people. What is it? The top 10% own 80% of the wealth. I can guarantee you that the other 90% are paying more than the top 10% into all of those social programs. Don't forget that many, many companies lobby for many regulations and laws. Wonder why? It makes it harder for new companies to get into the business due to the costs.

    Example, Hotels lobbied to make all hotels regardless of size to have fire suppression systems, fire exits the whole nine yards. Large corporations can afford to do this. Smaller companies have a much harder time and many had to go out of business because of the costs...
    Tell me who's really taking advantage of the situation. The top 10% who pay more taxes at a much higher percentage than the bottom 50% of the population or the bottom 20% of the population who receives 80% of the money they make through government entitlements.

    The rich provide jobs, GDP growth, and large amounts of taxes to the United States. The poor take free money and a large percentage provide NOTHING in return to country whether through work or through any other form of public service. You can say the government is a tool for the rich, but if that's the case the rich must LOVE giving their money to the poor.
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    Quote Originally Posted by CDB View Post
    Well no form of government is ever truly a pure form. We've never had a purely socialist government even counting the USSR, and we've certainly never had a purely capitalist government, or lack thereof to be more precise. I think it is fair to say that corporations hold a major controlling interest in the US government, especially banks. Why do you think they are getting a trillion of our dollars? It rarely goes the other way and in such high numbers, and that's the direct give aways today which doesn't count what they've managed to steal through the back door of inflation.
    I think the problem is not the corporations, but the politicians. If politicians were not whores looking to sell influence and legislation to the highest bidder, corporations would have no incentive to go to the politicians.

    Corporations are not wolves in sheeps clothing.....they were created as a means to grow and increase capital.....they will do so with or without government's help. To blame the organization whose sole purpose is to make money, for trying to wake more money is wrong.

    Blame the actual wolves in sheep's clothing.....politicians supposed role purpose is overseers and legislatures of the "public good", who are busy taking and even demanding bribes....aka campaign financing.
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    Quote Originally Posted by RobInKuwait View Post
    Tell me who's really taking advantage of the situation. The top 10% who pay more taxes at a much higher percentage than the bottom 50% of the population or the bottom 20% of the population who receives 80% of the money they make through government entitlements.

    The rich provide jobs, GDP growth, and large amounts of taxes to the United States. The poor take free money and a large percentage provide NOTHING in return to country whether through work or through any other form of public service. You can say the government is a tool for the rich, but if that's the case the rich must LOVE giving their money to the poor.
    as a percentage of income they give much less. As an example Warren Buffet admitted that as a percentage he paid much less in taxes than his secretary does.

    You are correct about the politicians. It is the governments jobs to curb the excesses of the corporations. Unfortunately it is broke and not working that way. Look at Freddy Mae. It is very known that many Democrats after they leave office go to work for them and make millions. Which is one of the many reasons this Private Company recieved a bailout.
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    Quote Originally Posted by jonesboy View Post
    as a percentage of income they give much less. As an example Warren Buffet admitted that as a percentage he paid much less in taxes than his secretary does.

    You are correct about the politicians. It is the governments jobs to curb the excesses of the corporations. Unfortunately it is broke and not working that way. Look at Freddy Mae. It is very known that many Democrats after they leave office go to work for them and make millions. Which is one of the many reasons this Private Company recieved a bailout.
    As a percentage Buffett does, but he also gives billions to the Bill and Melinda Gates Foundation. Do you think that should cease to be a tax writeoff? That is one of the main reasons he's paying less taxes. Also the majority of Buffett's wealth is tied up in various corporations through Berkshire Hathaway. Corporations for the most part don't pay taxes when they reinvest the capital in their business. Its one of the main reasons business capital can fund future growth in this country, allowing for millions of new American jobs yearly. You want more jobs, reduce corporate taxes even more.

    As for Fannie Mae and Freddie Mac are Government Sponsored Entities (GSEs) similar to the Postal Service or FDIC. Their reckless leveraging of home loans is one of the reasons for the real estate boom in the late 90s and the subsequent mortgage meltdown of the last couple of years. Politicians like to blame the banks, but their government programs were just as culpable if not more.
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    Well then i hope you will agree that government sponsored private corporations are horrible and just bleed people. I think that is what the democrats are trying to do with the insurance companies and the national health care. Guaranteed income with government backing and if you miss up you get bailed out. What a gig.
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    Quote Originally Posted by jonesboy View Post
    Well then i hope you will agree that government sponsored private corporations are horrible and just bleed people. I think that is what the democrats are trying to do with the insurance companies and the national health care. Guaranteed income with government backing and if you miss up you get bailed out. What a gig.
    I agree, GSEs are horrible. They're trying to make banks into GSEs with the bailout. Force them to take bailouts then tell them how to run their operations because they took bailouts. Is that capitalism?
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    Quote Originally Posted by RobInKuwait View Post
    Tell me who's really taking advantage of the situation. The top 10% who pay more taxes at a much higher percentage than the bottom 50% of the population or the bottom 20% of the population who receives 80% of the money they make through government entitlements.
    Don't forget the bottom 95%, who have their wages and savings in a state of terminal devaluation, who can't write off their property as a capital expense and whom the government charges rent on that same property for a near worthless education, which then forces said bottom 95% to gamble with their retirement via investments to hopefully outrun inflation so they'll still be able to pay all their taxes to the government and not starve to death.

    The rich provide jobs, GDP growth, and large amounts of taxes to the United States.
    The rich do not necessarily provide jobs. The rich who invest well and use their resources productively do. The rich are just as capable of using their money to buy special favors from the government. GDP growth is largely irrelevant, it's a statistical artifact and mostly a measure of consumer and government spending which really says **** about the economy in the end. Large amounts of taxes to the US government isn't a good thing, that money would be better off in the private sector where it would be used more productively. Funding the government that accounts for 40% of all spending in the economy, not counting off budget spending, and has the highest per capita imprisonment rate in the world, a federal code that grows and spreads like some super fungus to stifle economic activity everywhere, a perpetual war department, and an acronym soup of agencies that regulates damn near every aspect of our public and private lives, isn't a good thing in my book.

    I'd be happier if the rich revolted and told the government to go **** itself.

    The poor take free money and a large percentage provide NOTHING in return to country whether through work or through any other form of public service. You can say the government is a tool for the rich, but if that's the case the rich must LOVE giving their money to the poor.
    Some do, but why indeed are they unemployed and parasitic? Have all human wants been satisfied, has the well of general '**** to do' run dry? Or have they been forced below the line of the productively employable by a ****load of government regulations that have essentially made them dependents on other people? Some I don't doubt are parasitic in nature, a lot have just been screwed by a system which is geared to provide easy money and credit to the higher ups. Some people think this will benefit the poor, they are mistaken. Some understand it's a hand out system, and just don't care. Still some others don't know what the hell is going on.

    The rich take more than their share of welfare from the government. Look at TARP and the current bail out. The only reason these are 'necessary' is because it's become increasingly difficult to accomplish such wealth transfers on the sly through inflation, so direct transfers are now necessary.
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    Quote Originally Posted by RobInKuwait View Post
    I think the problem is not the corporations, but the politicians. If politicians were not whores looking to sell influence and legislation to the highest bidder, corporations would have no incentive to go to the politicians.
    But the same can be said for the trailer park welfare queen, but you seem to want to blame her rather than her political enablers. Correct me if I'm wrong on that.

    Corporations are not wolves in sheeps clothing.....they were created as a means to grow and increase capital.....they will do so with or without government's help. To blame the organization whose sole purpose is to make money, for trying to wake more money is wrong.
    They were created to keep the asses of the rich from swinging in the breeze should they **** up and make wrong/bad decisions. While on the surface the idea of limited liability sounds like a good thing, in reality it's like trying to have profit without loss. Government mitigated risk is basically no different than a handout in function, it leads to over reaching that would not have otherwise occurred because it lowers the opportunity cost for those involved in taking the risk. If all they have to lose is their investment despite the debt/risk taken on by the corporation, people will act differently than they otherwise would have.

    Blame the actual wolves in sheep's clothing.....politicians supposed role purpose is overseers and legislatures of the "public good", who are busy taking and even demanding bribes....aka campaign financing.
    But who is to blame? The politician, or the voting public who is stupid enough to believe him when he says he's not a crook and doing what he does for their interest? Overall I agree, but it does take two to tango.
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    Quote Originally Posted by RobInKuwait View Post
    As for Fannie Mae and Freddie Mac are Government Sponsored Entities (GSEs) similar to the Postal Service or FDIC. Their reckless leveraging of home loans is one of the reasons for the real estate boom in the late 90s and the subsequent mortgage meltdown of the last couple of years. Politicians like to blame the banks, but their government programs were just as culpable if not more.
    More. Greed exists in all sectors to the point of unethical behavior. It is the government policies though that enable such people and fool others into behaving in ways that lead to mass error and clusters of bad investments like we deal with in the boom bust cycle. The key point is the clustering. It takes no economics to explain why businesses fail and money is lost. People are people, sometimes they're wrong. What needs explaining is why all of a sudden do so many people, with whatever motivations good or ill, make the same bad move and end up screwing the pooch all at once. The answer is institutional bias/incentive to do so, and only the government can provide that.
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    Quote Originally Posted by RobInKuwait View Post
    I agree, GSEs are horrible. They're trying to make banks into GSEs with the bailout. Force them to take bailouts then tell them how to run their operations because they took bailouts. Is that capitalism?
    Reread your history, banks have never been anything but GSEs in disguise and have been getting bailed out by the US government since its inception. the whole point of the Fed and FDIC was to ensure a safety net for banks. This is nothing new what we're going through right now.
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    Quote Originally Posted by CDB View Post
    Don't forget the bottom 95%, who have their wages and savings in a state of terminal devaluation, who can't write off their property as a capital expense and whom the government charges rent on that same property for a near worthless education, which then forces said bottom 95% to gamble with their retirement via investments to hopefully outrun inflation so they'll still be able to pay all their taxes to the government and not starve to death.
    Well said. A great argument for the gold standard.


    The rich do not necessarily provide jobs. The rich who invest well and use their resources productively do.
    How many non-rich people provide jobs. Most business owners who emply people are at the very least upper middle class (aka top 5-10%). Given that backdrop the rich provide jobs. I'm not saying all rich people provide jobs, I'm saying that jobs are provided by rich people.

    The rich are just as capable of using their money to buy special favors from the government.
    Only if the government asks for and/or receives their bribes.
    GDP growth is largely irrelevant, it's a statistical artifact and mostly a measure of consumer and government spending which really says **** about the economy in the end.
    Agreed. My point was that rich people drive the economy, not wage earners.

    Large amounts of taxes to the US government isn't a good thing, that money would be better off in the private sector where it would be used more productively. Funding the government that accounts for 40% of all spending in the economy, not counting off budget spending, and has the highest per capita imprisonment rate in the world, a federal code that grows and spreads like some super fungus to stifle economic activity everywhere, a perpetual war department, and an acronym soup of agencies that regulates damn near every aspect of our public and private lives, isn't a good thing in my book.
    Agreed. Taxes suck. However, the same politicians that are raping the rich are paid by the rich. That was my point.

    I'd be happier if the rich revolted and told the government to go **** itself.
    Sounds like the plot of an Ayn Rand book. Rock on!

    Some do, but why indeed are they unemployed and parasitic? Have all human wants been satisfied, has the well of general '**** to do' run dry? Or have they been forced below the line of the productively employable by a ****load of government regulations that have essentially made them dependents on other people? Some I don't doubt are parasitic in nature, a lot have just been screwed by a system which is geared to provide easy money and credit to the higher ups. Some people think this will benefit the poor, they are mistaken. Some understand it's a hand out system, and just don't care. Still some others don't know what the hell is going on.
    As I said above, the bottom 20% of the population get 80% of their money through entitlement programs. There is not "working poor" in the United States. Yes, this is the "great society". No sinking or swimming, just floating and drifting aimlessly.

    The rich take more than their share of welfare from the government. Look at TARP and the current bail out. The only reason these are 'necessary' is because it's become increasingly difficult to accomplish such wealth transfers on the sly through inflation, so direct transfers are now necessary.
    I've compared TARP to getting stabbed in the gut once versus getting punched in the face every day for the rest of your life. Getting stabbed sucks, but your wound heals, a daily punch doesn't. American politicians are averse to any economic pain to the American populace.
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    Quote Originally Posted by CDB View Post
    More. Greed exists in all sectors to the point of unethical behavior. It is the government policies though that enable such people and fool others into behaving in ways that lead to mass error and clusters of bad investments like we deal with in the boom bust cycle. The key point is the clustering. It takes no economics to explain why businesses fail and money is lost. People are people, sometimes they're wrong. What needs explaining is why all of a sudden do so many people, with whatever motivations good or ill, make the same bad move and end up screwing the pooch all at once. The answer is institutional bias/incentive to do so, and only the government can provide that.
    Well said. If multiple institutions that have survived and thrived for over 150 years all go insolvent at ~ the same time, there is obviously an external factor that led to their poor risk management.
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    Quote Originally Posted by CDB View Post
    Reread your history, banks have never been anything but GSEs in disguise and have been getting bailed out by the US government since its inception. the whole point of the Fed and FDIC was to ensure a safety net for banks. This is nothing new what we're going through right now.
    Good point. I guess it would be more accurate to say that banks are no longer GSEs in disguise, there now just GSEs.
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    Quote Originally Posted by RobInKuwait View Post
    How many non-rich people provide jobs.
    Providing a job isn't the only way to contribute to the economy. Being productive in a job is another way one can add to total social utility. And most people who do that are non-rich. The rich entrepreneur is useless without labor to work for him.

    I'm not saying all rich people provide jobs, I'm saying that jobs are provided by rich people.
    Rich people also have the lobbying power to provide us with restrictive regulations and wealth transfers to them, either directly or in the form of inflation. Rich or poor is not a useful characteristic for distinguishing who is a net tax payer (productive citizen) vs a net tax consumer (parasitic citizen). You'll find payers and consumers in both camps, and a rich tax consumer is a lot worse than a poor tax consumer. All the poor tax consumer wants generally is a home of sorts, some deep fried oreos, cable TV, and an occasional doctor's visit. The rich tax consumer wants war reconstruction contracts, infra structure contracts, investment guarantees disguised as foreign aid, federal subsidies and bail outs, etc.

    Only if the government asks for and/or receives their bribes.
    True, but who is leading in a dance doesn't subtract from the fact that it does take two to tango.

    Agreed. My point was that rich people drive the economy, not wage earners.
    And you'd be wrong. Wage earners are the ones who actually produce stuff. Nor is it only necessarily the rich who enable them via capital accumulation, it's the total pool of available loanable funds coming from everyone who demonstrates thrift to some degree or another. Any one person who defers consuming now in favor of savings is adding to the pool of available funds for investment. This is true of the rich as much as it is true of the McDonald's employee with a savings account.

    Sounds like the plot of an Ayn Rand book. Rock on!
    I left out the kinky sex. Any way, I think she was a bad writer overall.

    As I said above, the bottom 20% of the population get 80% of their money through entitlement programs. There is not "working poor" in the United States. Yes, this is the "great society". No sinking or swimming, just floating and drifting aimlessly.
    There's plenty of working poor here, they come across the border. But that's another issue. What I think you're missing though is what choice do those bottom 20% have? Should they live in the street and starve on principle? They can't work for a job that pays less than the minimum wage, jobs that pay more are politicially limited, and thanks to inflation enabled by rich bankers who want even more money than they already have, even if they score one of the limited minimum wages jobs available it's not enough or barely enough to live on. So what should they do? Were I in their position I'd take every advantage I could get, government provided or otherwise. Those are the ****ers who would be responsible for starving me, if they offer a reach around of any kind, I'm taking it.

    Good point. I guess it would be more accurate to say that banks are no longer GSEs in disguise, there now just GSEs.
    Basically yeah. Nationalized in all but name now.
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    Quote Originally Posted by CDB View Post
    Providing a job isn't the only way to contribute to the economy. Being productive in a job is another way one can add to total social utility. And most people who do that are non-rich. The rich entrepreneur is useless without labor to work for him.
    While production is important, it is the man who creates the opportunity to work that drives capitalism, not the man who fills the role the producer created.

    Rich people also have the lobbying power to provide us with restrictive regulations and wealth transfers to them, either directly or in the form of inflation. Rich or poor is not a useful characteristic for distinguishing who is a net tax payer (productive citizen) vs a net tax consumer (parasitic citizen). You'll find payers and consumers in both camps, and a rich tax consumer is a lot worse than a poor tax consumer. All the poor tax consumer wants generally is a home of sorts, some deep fried oreos, cable TV, and an occasional doctor's visit. The rich tax consumer wants war reconstruction contracts, infra structure contracts, investment guarantees disguised as foreign aid, federal subsidies and bail outs, etc.
    True, but who is leading in a dance doesn't subtract from the fact that it does take two to tango.
    As I said before. I cannot fault a businessman for exhausting every legal pathway to make money and create advantages over their competitors. I can fault the politician who abuses his position as a public servant to take "donations" from lobbyists.

    And you'd be wrong. Wage earners are the ones who actually produce stuff.
    Wage earners do not create stuff, wage earners use existing processes to manufacture stuff. The production is built on the brains of the creators. Could you really give credit to an assembly line worker for producing an automobile and not Henry Ford? The beauty of the process that Ford created is that basically anyone can step in and learn their piece of the pie in a relatively short amount of time. The wage earners are not driving the train they're passengers.

    Nor is it only necessarily the rich who enable them via capital accumulation, it's the total pool of available loanable funds coming from everyone who demonstrates thrift to some degree or another. Any one person who defers consuming now in favor of savings is adding to the pool of available funds for investment. This is true of the rich as much as it is true of the McDonald's employee with a savings account.
    Well said, everything you said about savings is entirely true. However, at this point in America, most Americans who are not rich and even some that are are extremely leveraged and have an abysmal rate of savings. The average savings rate is -2% in this country. Credit card debt is the norm in this country. The Fed's easy money has made saving an anachronism in this country.

    I left out the kinky sex. Any way, I think she was a bad writer overall.
    I think she has solid plots, but her book's dialogues often read like sandpaper.

    There's plenty of working poor here, they come across the border. But that's another issue.
    I respect anyone who comes here to work. Most Americans used to have the same work ethic that they bring, not anymore.

    What I think you're missing though is what choice do those bottom 20% have? Should they live in the street and starve on principle? They can't work for a job that pays less than the minimum wage, jobs that pay more are politicially limited, and thanks to inflation enabled by rich bankers who want even more money than they already have, even if they score one of the limited minimum wages jobs available it's not enough or barely enough to live on. So what should they do? Were I in their position I'd take every advantage I could get, government provided or otherwise. Those are the ****ers who would be responsible for starving me, if they offer a reach around of any kind, I'm taking it.
    Agreed. They take it on utility. The problem is that the entitlement programs have killed America's historically high rate of social mobility. Since the late 1960s the social mobility of the poor has diminished and continues to do so. I don't think you can necessarily "blame" the poor, but I wouldn't hold them blameless for their predicament. I think more blame should be placed on the "great society" programs and anti-business legislation with which the left has plagued our country.
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    To me part of the problem is that everything is geared towards keeping the flow of money going to the top 10%. Our entire economic systems is not based on saving, it is based on spending. The government gives a stimulus check and says don't pay off bills or put it into savings, spend it.

    Remember before the Fed was created there was no Federal Income Tax. If you didn't know the fed was created at jekyll island. A secret meeting between the seven riches men in the world. It is estimated those 7 men owned over 45% of the worlds wealth. Not all of them were American, nor are all of the owners of the member banks at this time American. Besides giving these men control of our nations money, it also made sure that New York would always be the power center of America. The Fed was sold to the people with the believe that it would bring market stability. I think we can all say it has failed in that regard.

    Remember it is the is wealthy, the very wealthy who provide the books our children use in schools. Who decide what we learn. Either it be from T.V, newspapers or even in the major universities. There is a very big movement both in the U.S and in the U.N to create a Global Workforce Training. Congressmen Henry Hyde said it best,

    “Children’s careers will be chosen for them by workforce development boards and federal agencies ‘at the earliest possible age.’… All children and adults will be forced to be retrained in order to qualify for work certificates--home, Christian, privately-schooled children included!"

    The new standards fit the “seamless web” of “cradle to grave” learning designed by Marc Tucker. As chief of the National Center on Education and the Economy, which began as an agency within the globalist Carnegie Foundation, Tucker leads the nationwide school-to-work program. In a jubilant 1992 post-election letter to Hillary Clinton, he described the new education program:

    “…regulated on the basis of outcomes… in which curriculum, pedagogy, examinations, and teacher education and licensure systems are all linked to the national standards… a system that rewards students who meet the national standards with further education and good jobs….”

    What happens to those who's life starts out rough but will strive once they leave home?

    If you wish to find out more go here

    The following is a great book about the history of education. How those in power both in government and financial have shaped our education to meet there visions.

    How do you change peoples ideas and values? Education.

    This post has the same title as a book by Charlotte Thomson Iserbyt, former Senior Policy Advisor in the U.S. Department of Education, who blew the whistle in the 80's on government activities withheld from the public:
    http://www.deliberatedumbingdown.com/pages/book.htm

    This terrific book is available for downloading:
    http://www.deliberatedumbingdown.com.../DDDoA.sml.pdf
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    Quote Originally Posted by jonesboy View Post
    ... All children and adults will be forced to be retrained in order to qualify for work certificates--home, Christian, privately-schooled children included ...
    How about you Jones, how do you prep modern kids for this? I doubt there's gonna be a certificate for video games or cell phones. I think this plan sounds very efficient and streamlined to see who's good at what and cross-train the rest, but how would it be achieved?
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    I think this can show that it is the central government that is destroying the school system. To me that systems sounds like they are herding sheep.

    Compare our current modern day test to an 8th grade test in 1895. Where did things start to slide? Read that book Dumbing Down America.

    Remember when grandparents and great-grandparents stated that they only had an 8th grade education? Well, check this out. Could any of us have passed the 8th grade in 1895?
    This is the eighth-grade final exam from 1895 in Salina , Kansas , USA . It was taken from the original document on file at the Smokey Valley Genealogical Society and Library in Salina , and reprinted by the Salina Journal.
    8th Grade Final Exam: Salina , KS - 1895
    Grammar (Time, one hour)
    1. Give nine rules for the use of capital letters.
    2. Name the parts of speech and define those that have no modifications.
    3. Define verse, stanza and paragraph
    4. What are the principal parts of a verb? Give principal parts of ‘lie,”play,’ and ‘run.’
    5. Define case; illustrate each case.
    6 What is punctuation? Give rules for principal marks of punctuation.
    7 - 10. Write a composition of about 150 words and show therein that you understand the practical use of the rules of grammar.
    Arithmetic (Time,1 hour 15 minutes)
    1. Name and define the Fundamental Rules of Arithmetic.
    2. A wagon box is 2 ft. deep, 10 feet long, and 3 ft. wide. How many bushels of wheat will it hold?
    3. If a load of wheat weighs 3,942 lbs., what is it worth at 50cts/bushel, deducting 1,050 lbs. for tare?
    4. District No 33 has a valuation of $35,000. What is the necessary levy to carry on a school seven months at $50 per month, and have $104 for incidentals?
    5. Find the cost of 6,720 lbs. coal at $6.00 per ton.
    6. Find the interest of $512.60 for 8 months and 18 days at 7 percent.
    7. What is the cost of 40 boards 12 inches wide and 16 ft. long at $20 per metre?
    8. Find bank discount on $300 for 90 days (no grace) at 10 percent.
    9. What is the cost of a square farm at $15 per acre, the distance of which is 640 rods?
    10. Write a Bank Check, a Promissory Note, and a Receipt.
    U.S. History (Time, 45 minutes)
    1. Give the epochs into which U.S. History is divided
    2. Give an account of the discovery of America by Columbus
    3. Relate the causes and results of the Revolutionary War.
    4. Show the territorial growth of the United States
    5. Tell what you can of the history of Kansas .
    6. Describe three of the most prominent battles of the Rebellion.
    7. Who were the following: Morse, Whitney, Fulton , Bell , Lincoln , Penn, and Howe?
    8. Name events connected with the following dates: 1607, 1620, 1800, 1849, 1865.
    Orthography (Time, one hour)
    [Do we even know what this is??]
    1. What is meant by the following: alphabet, phonetic, orthography, etymology, syllabication
    2. What are elementary sounds? How classified?
    3. What are the following, and give examples of each: trigraph, subvocals, diphthong, cognate letters, linguals
    4. Give four substitutes for caret ‘u.’ (HUH?)
    5. Give two rules for spelling words with final ‘e.’ Name two exceptions under each rule.
    6. Give two uses of silent letters in spelling. Illustrate each.
    7. Define the following prefixes and use in connection with a word: bi, dis-mis, pre, semi, post, non, inter, mono, sup.
    8. Mark diacritically and divide into syllables the following, and name the sign that indicates the sound: card, ball, mercy, sir, odd, cell, rise, blood, fare, last.
    9. Use the following correctly in sentences: cite, site, sight, fane, fain, fei gn, vane , vain, vein, raze, raise, rays.
    10. Write 10 words frequently mispronounced and indicate pronunciation by use of diacritical marks and by syllabication.
    Geography (Time, one hour)
    1 What is climate? Upon what does climate depend?
    2. How do you account for the extremes of climate in Kansas ?
    3. Of what use are rivers? Of what use is the ocean?
    4. Describe the mountains of North America
    5. Name and describe the following: Monrovia , Odessa , Denver , Manitoba , Hecla , Yukon , St. Helena, Juan Fernandez, Aspinwall and Orinoco .
    6. Name and locate the principal trade centers of the U.S.
    7. Name all the republics of Europe and give the capital of each.
    8. Why is the Atlantic Coast colder than the Pacific in the same latitude?
    9. Describe the process by which the water of the ocean returns to the sources of rivers.
    10. Describe the movements of the earth. Give the inclination of the earth.
    Notice that the exam took FIVE HOURS to complete.
    Gives the saying ‘he only had an 8th grade education’ a whole new meaning, doesn’t it?!
    Also shows you how poor our education system has become!
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    Quote Originally Posted by jonesboy View Post
    To me part of the problem is that everything is geared towards keeping the flow of money going to the top 10%.
    I could not disagree more. As I said before the bottom 20% of the population lives off the taxes of the rest of the population. Welfare, Medicare, Medicaid, Social Security, Unemployment Benefits, Food Stamps, Public Schools, and Federal College Scholarship Programs are benefits paid for by other segments of the population that ultimately do nothing to benefit anybody rich. We live in a welfare state that tries to fleece the rich to pay the poor. Yes, some rich can peddle influence with politicians, but ultimately, its the poor that are the free loaders.

    Our entire economic systems is not based on saving, it is based on spending. The government gives a stimulus check and says don't pay off bills or put it into savings, spend it.
    Its the effect of Keynesian economics. "In the long run we're all dead" turned into "In 4 years we're all up for reelection". Ignorant economic theory to justify power brokering for bigger federal government dominates Washington.

    Remember before the Fed was created there was no Federal Income Tax. If you didn't know the fed was created at jekyll island. A secret meeting between the seven riches men in the world. It is estimated those 7 men owned over 45% of the worlds wealth. Not all of them were American, nor are all of the owners of the member banks at this time American. Besides giving these men control of our nations money, it also made sure that New York would always be the power center of America. The Fed was sold to the people with the believe that it would bring market stability. I think we can all say it has failed in that regard.
    Everything you said is true. However, what has changed since then is: the US has abandoned free market economics, the gold standard, and Washington has taken New York as the power center in America. The Fed is bad. Washington economic domination. I'd rather have a few greedy bankers dominate the economic matters than a few greedy politicians.

    Remember it is the is wealthy, the very wealthy who provide the books our children use in schools. Who decide what we learn. Either it be from T.V, newspapers or even in the major universities. There is a very big movement both in the U.S and in the U.N to create a Global Workforce Training.
    If that were true, don't you think they'd be teaching an American history that was not anti-business/pro big government. The rich get no benefit from a welfare state in which there vilified. They stand to gain the most in a free market system that lacks government regulation. Kids are taught in school that this system is evil and to blame for all society's ills.
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