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Old 03-23-2010, 10:45 PM
750 posts, read 1,345,675 times
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Being optimistic is fine. Having a positive mind is good. Would not overcome all I have had to if I did not. But the US is going down the tubes and you can not make not anything positive about that
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Old 03-24-2010, 12:51 PM
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I think these times are really the wake up call to all American's who thought they were indeed part of the greatest "economic miracle" to ever come along. Yes it's all good when the economy is growing, although not all Americans were getting wealthier along with that growth, too many people were satisfied with the status quo of the incredible rise in US individual wealth.

When that wealth was shown to be debt disguised as real wealth things changed. Most folks now know the limits of their ability to buy things, we have seen the punitive side of debt reality being manifested in the loss of millions of jobs, the contraction of the worlds greatest economy has shown the fallacy of market directed economies. Markets are just the tools of corporate control, people should be ruling their own finances, but this is not always possible in a world where the forces of greed and corruption are tied to our government monetary/credit policies.

We have been on the wrong path since the eighteen hundreds, credit allowed the wage earner to think of money in a way that proved to be unhealthy to say the least. As the debt grew, both corporate and individual liability began to add to the decline of restraint. The old saw of reaping what you sow is now more obvious to those who thought they could go on with this growth economy. Eventually the game is ended by the outright attempt to sell blue sky, and "money for nothin" being the battle cry of a populace high on the heady stuff of materialism.

Some have inferred that "the greatest generation", our parents, were somehow immune from the allure of credit, but as an old guy I can assure you that my folks generation were actually the first Americans to embrace credit as an adjunct to their wages. Many of our neighbors in the fifties were buying more expensive cars, moving to more expensive homes, Moms working to help pay the freight on all their buying binges, Disneyland, waterfront resorts, all these things were coming into their own during the fifties, they were not indifferent to the 'added money" that credit allowed.
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Old 04-20-2010, 03:52 PM
5,969 posts, read 8,259,464 times
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Ross Perot said it would happen:

YouTube - Broadcast Yourself.
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