fatcat216 said:
We're quoting Allan Greenspan? The guy who "had no idea that the subprime market had commanded such a large share of the market" while under his watch?
Right on fatcat. :cool:
It's Allan Greenspan and his successor, helicopter Ben that got us into this mess. Go back and read the very first sentence in Robs very first post in this thread. This IS the problem. Their answer to the problem is to throw more money at it.
Proof is in the last few weeks with all of the bail-outs going on. We have huge financial institutions that have been run by scoundrels. These scoundrels have cooked and bloated their books to make their companys look good. Then, they take early retirements with golden parachutes and retire with millions of dollars of investors money. Then after they are gone, they discover they company is actually in the red and has been for some time. The investors are left with a worthless company. So, the government throws a handout to them. A few million here, a few billion there. Hey, what the hell, we'll just print more. Way to go Ben. :|
This is just the beginning with the bail-outs. Next will be the insurance companys, (already happening) and then the auto makers. How many poorly run companys do you want to pay for and why is it up the the public to pay for poorly run companys????? If your business fails, can you go to the government for a handout? Hell no.
The more they print the less the dollars in your wallet are worth. Flooding the market with billions and billions of new dollars only devaluates the value of our dollar. In the first World War, the German Mark was devalued so much that people would burn Marks, (German Dollars) in their fireplaces to keep warm instead of fire wood. It was cheaper to burn dollars instead of buying wood. This is slowly but surely happening to our dollar.
What needs to happen is those people that bankrupt their own companys for profit should be arrested and put away for a very long time. Those companys that have been poorly run should be allowed to fail instead of bailing them out with the peoples money. Granted, this would cause a great upheaval in our financial system but, feeding more money to these crooks only prolongs the eventual 'day-of-reckoning.' Those politicians that lie and cheat and steal from the people should be made an example of. They used to tar-and -feather the *******s and run them out of town. Now they put their faces on the front page of the newspaper and talk about what a good job they are doing. Don't even get me started on the media.
Of course the American people are too busy to keep track of all this stuff. To busy working two and three jobs to pay for high gas prices and high food prices. Too busy playing on the computer watching the Jay and Larry show. It doesn't matter who is president. Either one is a loser and will continue to screw the American public. The whole liberal/ conservative movement is nothing but a distraction. Something to keep us busy arguing with each other while they screw us over and over. And it's working. Divide and conquer. We are more divided as a country than we have ever been.
What can we do? We can start by spending less time on the computer and more time writing to our political representatives and telling them how pissed off we are. How we have had a butt-full of this crap and it's time they start doing the job they were hired or elected to do. Go to the polls and vote the *******s out if they don't do what they are supposed to do. Instead of arguing with ourselves, argue with them. They are just people and can be contacted through many avenues. I can't believe that thousands of citizens are not marching on Washington right now. :yell:
Put yourself on a gold standard. Buy gold and silver and watch the value of your investment go up while the value of your dollars go down. Read as much as you can. Don't listen to the television media because they have been bought-off too and are lying to you as much as the politicians are.
Should we be happy that we are now only paying $3.50 a gallon for gas because six months ago we were paying over $4.00? No, because not long over a year ago we were paying half that amount. But people have been lulled into thinking we are getting a break now. Very sad.
It's up to we the people to make America great again. If we rely on our political representatives to get us out of this we are only going to get deeper and deeper in a pile of poo. Get off your asses and do SOMETHING.