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"Do our money-printing central banks and their cheerleaders understand the full consequences of...
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Tuesday, October 2, 2012, 1:06 PM ET"Do our money-printing central banks and their cheerleaders understand the full consequences of the monetary debasement they continue to engineer," writes Dylan Grice, taking us back to 3rd century Rome and all the way up to Weimar Germany to point out the dangers. "The 99% blame the 1%; the 1% blame the 47% ... yet few question the ideas behind government or central banks."
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This news story has 8 comments:
Who needs square roots of five?
(Randy Newman: I've just named your next "racism" song)
But that is a short term, relatively speaking, thing.
There is only so long (i don't know exactly HOW long) that you can keep spending the goodwill of the Country, and attempt to pay for it on the back of the great unwashed.
We WILL reach the terminal point, and the response will be exactly what we see in Greece and Spain: YOU, the politicians, got us into this mess, You, the politicians (and your crony friends that pay to keep you in office) benefited mostly from your borrow and spend policies, So You , the politicians, are left to figure out how to repay the 20 trillion in order to make us solvent again.
We, the people, did not benefit in any material way from your action, and WE, the people, are not involved in the solution.
WE will get to that point. When? Who knows what breaks the back of the people and they say 'we have had enough', and they will literally drag these scum from their offices and, just as we have seen overseas, beat them to within an inch of their lives for the sins which they have hefted on the people. There is a reason 'successful' people like Lloyd Blankfein work in a bullet proof office with an armed guard at the door. It isn't from doing 'gods work.' Trust me on that.
Is living like a dog 'winning'? Perhaps, but it takes a huge mental toll (recognizing that ethics and moral perpetude is not part of their vocabulary).
Both sides need to give a little, people need to educate themselves on who they are electing into office and hold them accountable. No one is going to solve your problems for you, get out and vote. Work hard, and live smart (read within your means). Plan ahead.
Those who sign their name on the front of the check
Those who sign their name on the back of the check
And the proposals you both make are exactly what the wealthy want you to think: The people are getting huge benefits from the current system.
Horse hockey!
Who delivers those services? The VERY wealthy who skim WAY more from delivering these programs than do the people who would suck at the government teat. Goldman Sachs got some $600 billion from TARP. How much did the people whose mortgages were under water get? (Just for example...i have no sympathy for most of them, simply that we spent nearly a trillion dollars and it went to the already wealthy; not to the great unwashed.
Who benefits from our energy programs? Who benefits from the auto bailout? Who benefits from our helath care programs?
The people at the TOP of the food chain; not the poor sap at the bottom who gets the bill.
I love it when they want you to pit teachers against firefighters; nurses against garbage men; union against non-union.
While they are robbing ALL of the groups blind in numbers that, as Sam Zell pointed out this morning, are beyond comprehension.
When BB says he is going to pump another $500 billion into the economy, how much is that? How much is $20 trillion in debt? They are 'just' numbers...they have no meaning....except when you boil it down to what it costs.