[quote]ZEB wrote:
[quote]katzenjammer wrote:
[quote]ZEB wrote:
[quote]Charlemagne wrote:
Gerald Celente has been saying that we are on the path towards war for a while now. A big war that is. The reason why? When the economy collapses and the people begin to rebel, governments will take the country to war to avoid losing power.
I don’t for a second believe that this economy is recovering. The stock market is incredibly over-inflated, no jobs are being created, and the government is spending like a drunken sailor. What does all this lead to? Economic catastrophy, skyrocketing crime rates, and political unrest.
This is not going to be pretty.[/quote]
You’re jumping the gun there my friend. We are no where near and economic collapse, nor are we anywhere near a full blown war with any country that would give us a warm-up. I really wish that some of the reactionaries around here would settle down. The biggest problem is that most of you guys are not even out of your 20’s yet and you see this as being something catastrophic, it’s not, it’s called an economic cycle. Granted, Obama is making it worse, as did Jimmy Carter in the mid 70’s. Interest rates were 18% and inflation was through the roof. We even had gas lines back then because there was an alleged oil shortage. But guess what? Times like those inspire new leadership. Along came Ronald Reagan and 12 years of republican presidential rule.
This too shall pass, try to take a breath and relax until it does you do no one any good with this nonsense.
[/quote]
ZEB,
I agree, in part - however, it’s worth noting that there are a number of unprecedentedly converging factors that might place this out of the realm of “normal” cycle: the unsustainable levels of Federal debt and spending; the inability of certain States to meet their financial obligations (to pensioners and just to function); the mass distrust of our political institutions; the willful disregard for the people; the rise of a polarizing “Caesar” who seems to have little respect for or understanding of America, and is incompetent at many levels; a press that is basically a sock puppet for this Caesar; the existence of huge numbers of illegal aliens who may suddenly be granted citizenship; the massive mortgage problem that simply won’t go away; a stimulus-led bubble in the stock market; banks propped up by temporary measures… Et cetera!
I’m not sure that, historically speaking, we can find a comparable situation.
To me it looks like unchartered waters.
I really don’t want to believe this; if you know it to be otherwise, please tell me.
For once I’d love to be wrong.
[/quote]
Each era brings with it it’s own challenges, some worse than today some not as bad. No one had ever seen interest rates as high as they were during the Carter administration. At the same time we had an alleged oil shortage. People were waiting in long lines for gas. We had the highest inflation since it has been tracked in 79’ and 80’ reaching over 14%!. And on top of all of that America was the laughing stock of the entire world because a group of Iranians, in the aftermath of the Islamic revolution, took 52 Americans hostage and held them for 444 days. To ad insult to injury Jimmy Carter launched a failed rescue mission complete with crashing helicopters and the loss of 8 American service men. It seemed that America was on the down slide in a very big way. But, we came back.
Times are bad now no question, but they were even worse during the great depression. I don’t have to tell you about that it’s in all the history books. From 1929 to about 1932 5000 banks went out of business. 13 million people became unemployed and industrial production fell by nearly 45%. Home building also dropped off by 80%.
I think we occasionally need times like these to wake us up and move us back to a place where we stop taking things for granted. All we need is some time and the proper leadership and we will see good times again. The proper leadership begins when we replace every one of the people who voted for national health care. If we manage to take over the House and Senate, which is a real possibility, for the final two years of Obama’s Presidency his hands will be tied. He will be forced to either be a lame duck President, or move to the center as Bill Clinton did in 1994 as Newt Gingrich and the republican revolution took both houses.
As we begin to move back to more sound economic policies in 2011 and into election year 2012, we can look forward to a fresh start as we boot Obama out of the White House. There is a clear path to better times and I don’t think for a second that the people will not take that path. The people of this country have a great track record of changing course once that it has been clearly shown that we need such a change.
So, take it easy my friend, better times are on the way.
[/quote]
Very well put by both of you. This too shall pass, if Americans wake up and make a change.