Quote:
Originally Posted by Vulcan
In my day it was Communists and Hari Krishnas trying to tell me to open my eyes and ears. The Libertarians aren't much different. They all have an agenda, it's just a matter of choosing what's closest to your ideals and makes some sense.
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Don't give me that "in my day" crap. My gray hairs are close to yours.
In "our" day, the promises of the government to buy votes were a clear indication that they would exploit the next generations to benefit ours (and more importantly, those before us).
In 1971, when Nixon took the world off the gold standard it effectively allowed politicians to buy their way into positions by promising programs that indebted future generations. Few at that time saw it that way, and apparently here on CP, few still do. In the interim, that monetary model has not only grown government dependence via social programs, but it has also artificially inflated the likes of CEOs and athletes, as examples.
There is NO question that the richest among us have become richer of recent. But it is simply the collusion of those in power in corporations with those in power in the government that have led us to this point. Too big to fail? LOL, don't worry, we will bail you out at the expense of the next generation. BS, let them fail, including the investors. Buyer beware. Their ability to create money out of nothing FED bubbles in the internet, housing, stock market and bonds. (FED pun intended....) Some broke, some will yet soon. Look out. Be aware. Be informed.
The US dollar as the current world reserve currency, or petro-dollar as it is known is coming to an end very, very quickly. Iraq and Libya both wanted to trade oil for assets other than American dollars They got snuffed. Russia and China are on another level and they are moving away from it now.
Heck, Putin could give the US a stroke by allowing the EU to buy its oil/gas with Euros instead of US Dollars (and don't be surprised if this occurs shortly). There would be an instant savings by eliminating the exchanges charged to buy it, AND the subsequent strengthening of the Euro would reduce other consumer costs. Russia is far closer to collapsing the US economy than some think the other way around.