On Tue, 01 Apr 2008 13:56:02 -0700, Jerry Kraus wrote:
> On Apr 1, 3:46 pm, phil scott <p...@[EMAIL PROTECTED]
> wrote:
>> On Apr 1, 8:19 am, Jerry Kraus <jkraus_1...@[EMAIL PROTECTED]
> wrote:
>>
>> >http://biz.yahoo.com/ap/080401/wall_street.html
>>
>> > Well, the Markets are up this morning. Why? Well, Construction and
>> > Manufacturing are down, but "not as much as predicted". And, the
>> > major Banks are issuing stock to raise money to prevent them from
>> > going bankrupt immediately. In other words, they're begging for
money
>> > they don't have.
>>
>> > How long can this nonsense go on? How long can a corrupt system
>> > scramble to prop itself up with the aid of corrupt politicans and
>> > cheerleading from the disinformation specialists in the American
>> > professional economics community, and in the Cor****ation run American
>> > media?
>>
>> > Time will tell.
>>
>> Its not just 'going on' imo... its cra****ng as we speak, and thats
>> because the US cannot control what *other nations think of all this
>> and its worthless US dollars.... so oil is out the roof, then food,
>> and the interest on all that debt.... this is currently, and
>> actively, and dramatically putting the US out of business at all
>> levels...
>>
>> .including govt at all levels.... these are increasingly unable to
>> operate (and pay civil service scams that have one nurse here in the
>> SF bay area earning over $375,000 a year in over time (in a radio news
>> cast, forgot details)... many cops over 150k, and retiring at even
>> more... 5 to 10x what us tax payers retire at on average.
>>
>> that entire mess is hitting the wall now..... in the city of SF 5
>> years ago I got 600 dollars worth of parking tickets in 4 weeks of
>> doing business there while working hard at trying to avoid
>> them...parking tickets were 30 each then, last week they went to 60
>> dollars, one guy got 3 of them within 5 minutes on the same spot.... a
>> city that was begging the public to come into SF to buy things ...
>> there is no way in hell now I even think of going into SF on business
>> where I need to park etc.
>>
>> all of that utterly unsustainable, the crash is now deeply in
>> progress... in slow motion for this brief time as the citizenry burns
>> off its cash, and credit and overworks trying to make ends meet... as
>> govt goes bankrupt its ruthless attempts to collect accelerate the
>> disaster. How much longer that aspect will last is perhaps
>> your question.
>>
>> you are wondering how much more funny money the fed can pump into the
>> disaster to keep it all afloat as we send almost all of it overseas
>> now to buy oil and manufactured goods? a very good question.
>>
>> As long as china can spend its dollars buying up america, I suppose it
>> can go on for quite some time, however will be with the US citizens
>> working for increasingly less money as our living standards level with
>> our counter parts in china... and mexico.....that aspect is well
>> underway, unstoppable at this point imo, and in that context that
>> ballgame as i see it is already over.
>>
>> Beyond that, those with big equity in their homes as they age will
>> most likely get by nicely for the few years they have left to live.
>>
>> ... due however to a cra****ng tax base, death taxes already just
>> doubled or worse will become confiscatory at the middle class level,
>> assuring the rest of this generation and the following generations
>> will live sparcely indeed.
>>
>> Those living comfortably today on a modest income, will almost over
>> night not be living at all comfortably as fuel, food, rent cross the
>> budget threshold...then these stop buying and the rest of the economic
>> decline accelerates.
>>
>> We are beyond the range of 'economic cycles'...we are well beyond the
>> range of recession/ depression cycles...we are at the end of a life
>> cycle... or end of empire cycle, (mapped by the Russian
>> economist, kondratiev, analysed by Prof Ravi Batra..in his book 'the
>> coming depression 1990)
>>
>> Phil Scott
>
> I agree with you that, although the Markets have been comparatively
> stable for the last couple of months, all this is discounting the
> collapse of the dollar, which, effectively, means the value of the
> Markets have already been reduced by more than 50% in the last few
> years. The U.S. currency did not collapse during the Great
> Depression. Just the Markets.
>
> Moderate optimism is one thing. Mindless optimism is another.
> Perhaps the investors are anticipating fundamental restructuring of
> the entire economy. Maybe that will occur. IF the rich spread their
> wealth around, and start investing in jobs and new technologies, then
> there might be something to invest in. There really isn't anything,
> yet.
Don't expect anything. The money has already been spent on jobs overseas.
They will keep printing worthless money until it isn't worth carrying to a
store.
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