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Author Topic: to bad it takes so long  (Read 935 times)

Online kathyp

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to bad it takes so long
« on: September 07, 2009, 01:13:02 PM »
for history to catch up with reality.  guess you have to wait for those who lived it, and had a vested interest in it's telling, to die.

http://www.telegraph.co.uk/finance/economics/6147211/Barack-Obama-accused-of-making-Depression-mistakes.html

i remember going to school and learning about the great FDR and how he saved us all. 
.....The greatest changes occur in their country without their cooperation. They are not even aware of precisely what has taken place. They suspect it; they have heard of the event by chance. More than that, they are unconcerned with the fortunes of their village, the safety of their streets, the fate of their church and its vestry. They think that such things have nothing to do with them, that they belong to a powerful stranger called “the government.” They enjoy these goods as tenants, without a sense of ownership, and never give a thought to how they might be improved.....

 Alexis de Tocqueville

Offline BoBn

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Re: to bad it takes so long
« Reply #1 on: September 08, 2009, 01:22:34 PM »
You never know. . .
It reminds me of this quote:

History will be kind to me for I intend to write it.
    --Sir Winston Churchill

"Millions of innocent men, women, and children, since the introduction of Christianity, have been burnt, tortured, fined, and imprisoned; yet we have not advanced one inch toward uniformity. What has been the effect of coercion? To make one-half the world fools and the other half hypocrites."
--Thomas Jefferson

Online kathyp

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Re: to bad it takes so long
« Reply #2 on: September 08, 2009, 01:32:33 PM »
but ask mick how they like WC down under  :-) 
.....The greatest changes occur in their country without their cooperation. They are not even aware of precisely what has taken place. They suspect it; they have heard of the event by chance. More than that, they are unconcerned with the fortunes of their village, the safety of their streets, the fate of their church and its vestry. They think that such things have nothing to do with them, that they belong to a powerful stranger called “the government.” They enjoy these goods as tenants, without a sense of ownership, and never give a thought to how they might be improved.....

 Alexis de Tocqueville

Offline reinbeau

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Re: to bad it takes so long
« Reply #3 on: September 08, 2009, 06:41:24 PM »
Did you check out the comments?  Particularly the 16 points someone posted - they're great!  I'm copying them below (My favorites are #5 and & 7):

1. Read the US Constitution especially as it applies to money.

2. Dumass knows no party boundaries.

3. Politicians worship at the altar of John Maynard Keynes.

4. Politicians haven't read any of Keynes' theory. The theory required pay-back of the deficit. That never happened.

5. The US public is inherrently ignorant of where the money comes from or where it goes. Worse still, they are unwilling to learn.

6. Economists are historians. NOT capable of predicting anything.

7. Voters vote for thier pocketbook.

8. The system got this way because the public wanted #7 above.

9. Making money off of dumass is NOT a crime.

10. Sooner rather than later, you are gonna pay for your play.

11. Credit was easy because the public demanded it.

12. Revisionist history is just as wrong as the history written by the winners.

13. It was the early 50's when the depression ended and only because of the rise of consumerism. Blaming China, India, Japan,... ad nauseum is false. We, collectively, just had to have the latest gizmos, foofraw, designer whatever and houses we couldn't afford. See #11 above.

14. Atlas will shrug. The only option that will work is to allow a hard reboot of the economy. This means everyone loses what they don't own outright. Pity the specialist who has only one skill that no longer is in demand.

15. Whiners, blamers and fanatics, just shut up. Go back to listening to your talking head idols. They were hired for thier big mouths and not thier wisdom.

16. Life will go on, just not as we know it.

- Ann, A Gardening Beek -  ΜΟΛΩΝ ΛΑΒΕ

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Online kathyp

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Re: to bad it takes so long
« Reply #4 on: September 08, 2009, 06:46:54 PM »
i'll take 14 and 16.  i don't think we have the nuts to come out of the re-boot as they did after the great depression.
.....The greatest changes occur in their country without their cooperation. They are not even aware of precisely what has taken place. They suspect it; they have heard of the event by chance. More than that, they are unconcerned with the fortunes of their village, the safety of their streets, the fate of their church and its vestry. They think that such things have nothing to do with them, that they belong to a powerful stranger called “the government.” They enjoy these goods as tenants, without a sense of ownership, and never give a thought to how they might be improved.....

 Alexis de Tocqueville

Offline bee-nuts

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Re: to bad it takes so long
« Reply #5 on: September 09, 2009, 03:50:04 AM »
All you have to do is abolish the federal reserve.  Printing lots of cash is one thing but having to pay someone back for something that never existed before is absolutely nuts.  The federal government does not have to go through the Federal reserve to print money.  They just do because they are idiots.  Abraham Lincoln was in a very difficult spot when the civil war broke out.  He needed lots of money to fund the war.  Bankers love war because they can make more money in one day of war than one year of prosperity.  Abe went to Europe for loans.  They wanted huge rates of interest.  He would not except these outrageous rates.  What he did is what we should be doing now and always.  He printed US Treasury Notes.  These were in circulation until the 90's when Clinton let the Federal Reserve pull the last ones out of circulation.  Before the Federal Reserve Act was passed there was not and income tax.  The only reason we need one now is to pay the interest to the federal reserve.  It is the biggest scam ever.  It is imposable to pay the debt of ever.  Here is why.

you start the Federal Reserve.  The federal reserve borrows you a billion dollars with interest.  If you paid them back the billion you still owe them the interest.  Where are you going to get the interest payment.  You have to borrow it.  The beast just gets bigger and bigger.  If any of you want to really know what is going on I suggest you watch this video series.

Money Masters



I had the pleasure of watching some of these in my economics class.  I watched all of them on my own time.  This is the truth not fiction.
The moment a person forms a theory, his imagination sees in every object only the traits which favor that theory

Thomas Jefferson