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Re: Thursday, May 3, 2007
The Dollar is tanking because of Viet Nam, and the decoupling of the Dollar from the Gold Standard that resulted as implemented by Nixon. The Regan deregulation further curtailed the regulation activities which at least try to maintain a link between our currency and real money. Fast forward to a marketplace with almost no regulation, multi-trillion dollar "hedge funds" AKA Ponzi Schemes with no accountability and you can see a disaster in the making. On top of this add the "free trade" movement to offshore all of our manufacturing capabilities, as started in the 1980s. This has now resulted in burger flipping being reclassified as "manufacturing" to help cook the books. The song says "We won't get fooled again"... we obviously didn't learn the lessons of Viet Nam... they all died in vain, as our all our troops in Iraq, along with the 650,000 civilians we've killed along the way. We didn't learn when a 5% disruption of world oil supply caused the price to triple in the OPEC embargo in the early 70's... so we now can't even run our civilization without flooding the world with our decreasingly valued dollars. The situation is bleak... we need a president who can look at this huge mess, and honestly face it, and lead us out of it It's going to get worse... at least in the 1930s we had raw materials, our own oil, and glut of manufacturing capabilities... now we have a system which burns the most valuable form of energy ever found on the planet, to move people to the store to pick up bottles of water from foreign countries. We're fucked! We chose this life, we're going to reap what we sowed. May God forgive us all, and have some mercy. --Mike--
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