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Ignorance is a big part of it, but I think greed is the single largest factor.
We only have the "greatest generation" to thank for that.
Let's see why: isn't it their offspring which has spawned this problem amongst society? It was their voting decisions that has culminated into the biggest cluster**** this country has seen in nearly 70 years. Of course, in turn, their descendants do as mommy and daddy did and vote for incompetence all the while continuing along with their "me, me, me" attitudes.
Thanks Michellecfp and mike cpa for such thoughtful posts. I couldn't agree more. For the last decade I have felt the middle class in this country was unfortunately unsustainable. More jobs are outsourced, unions have lost power, more companies have "two tiered systems" of salary and benefits. Certainly the financial crisis last year has hastened the "shrinking" of the middle class.
And of course politicians are not going to be honest with the American people - their main job (at least to them) is to get re-elected. I agree it will take quite some time before people realize that many of these changes are permanent. Also agree with giving Obama credit for trying to get health care reform through, but I don't believe he has been honest about the fact that many of these jobs are never coming back.
I fear that this country will wait until it is too late to face many of these problems and worry about what life will be like for the next generation.
We only have the "greatest generation" to thank for that.
Let's see why: isn't it their offspring which has spawned this problem amongst society? It was their voting decisions that has culminated into the biggest cluster**** this country has seen in nearly 70 years. Of course, in turn, their descendants do as mommy and daddy did and vote for incompetence all the while continuing along with their "me, me, me" attitudes.
1. From bondage to spiritual faith
2. From spiritual faith to great courage
3. From courage to liberty
4. From liberty to abundance
5. From abundance to complacency
6. From complacency to apathy
7. From apathy to dependence
8. From dependence back into bondage
1. From bondage to spiritual faith
2. From spiritual faith to great courage
3. From courage to liberty
4. From liberty to abundance
5. From abundance to complacency
6. From complacency to apathy
7. From apathy to dependence
8. From dependence back into bondage
Oh. My. God. That has to be the most sobering post I've ever read. Are you the original author? May I quote you?
You want to cut greed - Raise the interest rates, NOW!!! That will pop all these bubbles faster than a balloon with a needle prick.
The real problem is there are no "experts" in anything especially in economic forecasting, analysis, budgeting, personal finance - if there were, this country as a whole would not be nearly in bad a predicament as it is today. Just take a look at the local government level to see how much mismanagement has cost. Of course, having an ignorant electorate helps to place such poor managers in those jobs.
Now it's time to pay the piper!
Have you heard of Gerald Celente or Peter Schiff? Wish I'd known about them much sooner. They've both been predicting the economic downfall for years. Of course, the powers that be have dismissed them. I think Schiff is running for Senate in CT. I think the state would do well to vote him in.
Have you heard of Gerald Celente or Peter Schiff? Wish I'd known about them much sooner. They've both been predicting the economic downfall for years. Of course, the powers that be have dismissed them. I think Schiff is running for Senate in CT. I think the state would do well to vote him in.
Both of them are always interesting reads. If you like them, check out Nouriel Roubini, Jim Rogers, and Nassim Taleb (author of The Black Swan).
Oh. My. God. That has to be the most sobering post I've ever read. Are you the original author? May I quote you?
Nah, that's not my material. It is sobering though; pretty much describes the rise and fall of all empires throughout history.
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Are you the original author? May I quote you?
