The 'stimulus' isn't going to work, and why.

[TurdFergeson]

The Gilded Age was based on the Gold Standard.

 

[Ishmael]

The Gilded Age was based on the Gold Standard.

So was the Great Depression, what's your point?

Ishmael

 

[Cap’n AMatrixca]

He's fixated on the gold standard.

So were the Romans, but they ended up adding copper and other shit to the money when inflation hit...








Anything good come of this, or can I skip it? I'm guessing the young people think you're full of shit and half of the old people are tepid in their support for the youthful Obamanation...

... still too proud to admit they were hustled.

 

[Ishmael]

He's fixated on the gold standard.

So were the Romans, but they ended up adding copper and other shit to the money when inflation hit...








Anything good come of this, or can I skip it? I'm guessing the young people think you're full of shit and half of the old people are tepid in their support for the youthful Obamanation...

... still too proud to admit they were hustled.

You can pretty much skip it.

The usual crowd thinks they can 'fix' it just like they think they can 'fix' the weather. They haven't quite figured out, or refuse to admit, that if the guy that owns the ball decides to go home, the game's over.

Ishmael

 

[TurdFergeson]

The USA has only avoided "massive" inflation (unless you call the past 40 years "slight" inflation) by switching several times between fixed and fiat or even sometimes "in-between" currencies. http://www.kwaves.com/fiat.htm

We have had everything from the Continental Currency to Scrip to Greenbacks to Gold and Silver Certificates, to the current "legal" tender.

These changes have all occured for one reason: to keep the USA from becoming a slave to anyone.

 

[Cap’n AMatrixca]

Thanks bro...

You should have seen my reply to Claire McCaskell's "We fixed it" email...

I worked in, you think we're stupid, tax cut (WOOHOO), the Social Security Ponzi and Atlas Shrugged, which, btw, as I posted from the American Thinker, has been flying off the shelves...

And I kept it to about 50 words.







Turd. Go back to Oddball for a while...

That's all!

 

[TurdFergeson]

Stupid?

No...just a bit fanatical...science teaches us that all things are shades of grey.



Just like currency...after all, it's based on faith.

 

[Cap’n AMatrixca]

Science does no such thing...

 

[TurdFergeson]

Science does no such thing...

Really? Science is only a lens in which to observe.

No lens is perfect or has absolute infinite resolution.

Except possibly imagination.

 

[Cap’n AMatrixca]

Turd, what's your BA in?




Women's studies? Education?

 

[TurdFergeson]

Turd, what's your BA in?




Women's studies? Education?

Jazz studies

 

[TurdFergeson]

Economic slavery is the new topic.

Consolidation of power through a Central bank and devaluing the common currency, putting all the "common people" in perpetual debt.

Erasing the middle class and moving to a true caste system...the haves and have nots.

 

[Ishmael]

That's the "Obama" plan turd.

Ishmael

 

[Cap’n AMatrixca]

Democrats LOVED Clinton, with Obama, they wanted a return to Clinton and viola! the stock markets have returned to Clinton-era numbers!







Next on the Back-to-the-Future wish-list, ending missile-shield defense for Russian help in Iran!

This guy keeps cracking me up!

I'm assuming that soon, we will begin legal proceedings against bin Laden, if they could just figure out where to serve the papers...

 

[Cap’n AMatrixca]

... of tea parties and Mohawks, Ghandi and John Galt:


http://spectator.org/archives/2009/03/03/gandhi-for-capitalists

 

[Ishmael]

The administration is now in the midst of hand wringing because savings rates have spiked up dramtically. Well, of course they have. The boomers aren't playing in the economy anymore. They've pulled their marbles out of the market and have put them in the bank. They aren't even buying munnies anymore as many of the larger, democrat run states, stagger ever closer to bankruptcy. The cry from the pundits that are carrying the water for the white house is, "This is bad. They aren't participating in the economy and contributing to the recovery."

And the boomers are sitting back and laughing at these clowns. Clowns that are now reaping the bitter harvest of years upon years of government mismanagment and short sided intervention in the markets.

The only question to be answered now is at what point in time is the administration going to start floating various ideas as to how to confiscate these savings 'for the good of the country?'

Ishmael

 

[Cap’n AMatrixca]

Over in another thread, the hate Bush crowd is acting VERY nonchalant over the whole affair, no big deal, bubble, we saw it coming years ago, market needs to get back to 6000...






Man, they've simply brought new meaning to the phrase, "... turn on a dime."




Their biggest fear in the whole world seems to be what Rush has to say.

 

[Lavared]

The only question to be answered now is at what point in time is the administration going to start floating various ideas as to how to confiscate these savings 'for the good of the country?'

There's a chilling thought. Remember that crazy woman who said that 401Ks should be government managed because people pay too much in fees on them?

 

[Cap’n AMatrixca]

My wife just dumped 11K into the market while doing taxes to get back 5K...






I told her, "I told you not to do that! the Democrats are going to nationalize it and hand you a means-tested Social-Security IOU..."





Talk about white-eyes wide!

 

[Cap’n AMatrixca]

There's a chilling thought. Remember that crazy woman who said that 401Ks should be government managed because people pay too much in fees on them?

Do I ever!

 

[Sharon_]

There's a chilling thought. Remember that crazy woman who said that 401Ks should be government managed because people pay too much in fees on them?

Is this like when the government told everyone that taking their money in FICA taxes was a Good Thing cuz it was going into a sacred trust for their later years and they could trust their government......then went and raided the trust fund to spend it on other stuff, replacing the cash with IOU's?

 

[Cap’n AMatrixca]

It's EXACTLY the same thing...

 

[Ishmael]

There's a chilling thought. Remember that crazy woman who said that 401Ks should be government managed because people pay too much in fees on them?

And exactly what is the govenment going to invest that money in, 'affordable' housing? LMAO

The financial backlash against Obama is just beginning. I'm now thinking that maybe there won't be a positive bump in the market this summer.

Early in the Clinton admin Reisch, you remember him don't you, floated a trial ballon of a one time 15% tax on all retirement accounts. Now, we're all smart enough to know that 'one time' in government parlance is just 'once a year.' It doesn't take a genius to figure out that when the 'one time' tax exceeds the return on the investment that it's time to pull your money out of the investment and put it somewhere where it won't be punatively taxed.

I find endless amusement in the fact that the government never seems to fgure out that for every action they take, the public comes up with a reaction that leaves the political class standing around with their dicks hanging out and their jaws on the ground. You hear phrases like, "We never anticipated that." Of course you didn't you fucking moron, if you had you would have never done it in the first place.

Ishmael

 

[Lavared]

It would be interesting to see if, should the economy miraculously recover in short order, savings rates would continue to rise or if Americans would go back to their credit-happy spending ways.

I figure that some would take heed to this downturn and remain more conversative and thrifty with their money but that most would quickly forget. The longer the economy falters, the deeper this lesson will go.

 

[off2bed]

WASHINGTON (Reuters) - U.S. companies, consumers and communities may grow so addicted to government financial help that cutting them off could trigger another recession soon after the current one ends.
http://www.reuters.com/article/ousiv/idUSTRE52168Y20090302

In other words, "get 'em addicted to crack and you got 'em for life."

That is the plan, isn't it?