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Posted by: Joer4x4 7 months ago
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Joer4x47 months ago
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The government created the housing bubble and now we have the bailout bubble which will also break. And it will because of massive debt and cheap money rolling off the presses. We will see massive unemployment that will be the trigger.
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The union elite and Wall Street own the government. They are the top political donors.
I predict a depression based on history and it is repeating itself.
You and I will lose everything because our government turned their back on us in favor of special interest and liberal policies.
The writing on the wall has become clearer year after year.
The only question is - where is the war going to be - on own streets or another WW?
PS - I know what your thinking, but remember my post when it happens. This is not going to turn around because it's guaranteed that our politicians will not do the right thing.-
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rumple4skin7 months ago
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You know 4x4 - Much of what you say is, in my opinion true.
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You loose my support when you include your negative bias for both the 'union elite' and a government subscribing to 'liberal policies'.
If you benefit from paid holidays, 'vacation time, health care, a safe work environment, not having to work in a child-labor sweatshop ... you are a beneficary of the results of union activities.
Try to explain what 'liberal policies' are causing the dollar to fail. I believe the Feferal Reserve is directly responsible for the economic chaos we all are suffering. Inflation is built in to the system the Fed has created and each year your cash is worth less - not because you are earning less - more worthless certificates are shoved into the economy whether you want them or not.-
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Joer4x47 months ago
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I can't disagree with you.
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Unions (most) are now out of hand and are the demise of GM, Chrysler, and Ford. Toyota, Nissan (and the rest) don't have the union but employees are just as well off. The union is the only difference between domestic and foreign car makers. There are millions of domestic cars on the road.
UAW paid out 25 million dollars to politicians since 1990.
Government did not give the union membership anything. The union officers (elite = ownership) now own shares of GM. The membership has and is subject to layoffs. There is a diffference. The union has ownership and that ownership represents its members.
The union may be non-profit but it is a business entity.
Constantly printing money with no backing is a liberal policy.
Government spending is not creating any worth while jobs.
Government finances approximately 40% of the population which is unproductive.
When government spends it gets its money through taxes. It doesn't produce anything nor does it get a return on any investments (Amtrak,GM, Welfare, etc). It runs up deficits making loans harder to pay off with increasing interest due. This decreases credit standing weakening the dollar against other currencies.
The Fed should be abolished! The Fed is now buying their own treasury bills.
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