On Apr 1, 3:41=A0pm, RLM <R...@[EMAIL PROTECTED]
> wrote:
> On Tue, 01 Apr 2008 13:56:02 -0700, Jerry Kraus wrote:
> > On Apr 1, 3:46=A0pm, phil scott <p...@[EMAIL PROTECTED]
> wrote:
> >> On Apr 1, 8:19=A0am, Jerry Kraus <jkraus_1...@[EMAIL PROTECTED]
> wrote:
>
> >> >http://biz.yahoo.com/ap/080401/wall_street.html
>
> >> > Well, the Markets are up this morning. =A0Why? =A0Well,
Construction =
and
> >> > Manufacturing are down, but "not as much as predicted". =A0 And,
the
> >> > major Banks are issuing stock to raise money to prevent them from
> >> > going bankrupt immediately. =A0In other words, they're begging for
mo=
ney
> >> > they don't have.
>
> >> > How long can this nonsense go on? =A0How 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 =A0'going on' =A0 =A0imo... 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.... =A0this 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 =A0(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..... =A0 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. =A0 =A0 =A0 =A0 How much longer that aspect will last =A0is
=
=A0perhaps
> >> 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? =A0 =A0 =A0 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, =A0 =A0 =A0(mapped by the Russian
> >> economist, kondratiev, analysed by Prof Ravi Batra..in =A0his 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. =A0The U.S. currency did not collapse during the Great
> > Depression. =A0Just the Markets.
>
> > Moderate optimism is one thing. =A0 Mindless optimism is another.
> > Perhaps the investors are anticipating fundamental restructuring of
> > the entire economy. =A0 Maybe that will occur. =A0IF the rich spread
the=
ir
> > wealth around, and start investing in jobs and new technologies, then
> > there might be something to invest in. =A0There 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
thats the historical pattern. if that is not done, a depression
happens instantly, no money to pay the fat ass lazy burocrats... they
would starve to death.... accordingly the powers that be, its sup****t
and vested interests prints mo money.
that ruins the economy and natiional collapse follows....takes a
generation to even start recovery.
Phil Scott
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