famos

The Perversion of American Capitalism

Hi Henari,

Thank you for correcting my math. Overwhelmed by all the zeros. I believe you to be right on both counts. Refreshing to know someone does read the comments.

famos, the last word

The Perversion of American Capitalism

Hi Derryl,

I certainly appreciate the monetary banking lesson, but me being a very simple person, I have a hard time with understanding the philosophy of the non-existent "interest" phony money.

I feel that money is a mutual agreement of a unit value that we can use in place of an inconvenient barter system and consequently, we can use it to establish a value on monetary interest (or money put to work). And consequently, I find myself right back where Naufal Sanaullah left me, i.e. our problem resulted from some of us borrowing/spending money that we didn't have, didn't work for or could not pay back. Pretty simple when you think about it.

By the way, I don't think 300 million total American populace can ever pay back $30 trillion of debt because that equals $100 billion for every person in the U.S. Correct me, if I'm wrong.

famos, last words

The Perversion of American Capitalism

Hey Dr. Jackpot,

Was that a dream or a nightmare or a prophecy?

famos, last words

The Perversion of American Capitalism

Hi Naufal Sanaullah,

Read "Atlas Shrugged" by Ayn Rand. Only the chronology is different.

famos

Bye-Bye Dividends

Hey Just think for one minute,

You tell me what I meant or thought for saying "his kind" and "their cultural level". It would appear to most to be ambiguous, but lets hear your meaning of my words. Be careful, it might prove you to be a raciest.

famos

Bye-Bye Dividends

Hi Commentors,

I agree with all your concerns, but we get all tied up in our specific items and concerns and forget about the bottom line, which is, Obama and his kind have never contributed anything positive and Obama and his kind will drag us down to their cultural level by their criteria (which we stupidly accept), i.e. beggars deserve and have the right to take the Worker's earnings.

Famos

From Subprime to Meltdown: Is Peak Oil Responsible?

Dear CLH,

I like and agree with most of your comments, i.e.. "Debt and not Peak Oil was responsible for the Meltdown". But, ....

I wish/hope you'd be a little more optimistic about young people (The Me First Generation). I agree with you that the people that were around in the 30's (meaning they grew up in the 40's & 50's) were not prone to over-borrow and were more inclined to save then the current middle aged and young people but I believe they are going to learn, albeit the hard way. I've always said, "Practicability always win's out in the end." Examples of what need's to be learned, as follows"

Loving parent's taking the time and responsibility for their children and teaching them discipline and respect before they enter school.

Parents living within their means, not being sheep and taking on unpayable debt, e.g. the ostentatious house (and not a home), the big, gas guzzling, needless pickups (toys) & van's, the regular expensive restaurant eat-outs because they don't know how to cook a meal.

High Schools where every kid (is over-weight) requires a car and school parking lot's (and budget cost's) are as big as shopping mall's.

Business where banks push credit cards onto kid's and any unqualified borrower (who have yet to learn responsibility) and CEO's who have no shame from stealing obscene so called compensation.

I'm sorry CLH, it appears that I'm even less optimistic than you. Our "values" really need to change.

Sorry,

Famos

From Subprime to Meltdown: Is Peak Oil Responsible?

I enjoyed reading all the previous comments and pretty much agree with most of what's been said, but.....

How come no one talks about "over population" anymore? It was an issue in the sixties. Are there less people today?

Or "values"? Like paying our debts, living within our means, saving, etc.

When existing light crude oil gets too expensive to make gasoline to burn, we will be forced to use the only resource that we have, that can satisfy the transportation gap. Coal (made in the USA to diesel (made in the USA).

Famos