General

[Harbinger[TG]]

I'm all out of bubblegum!

[heinous]

Originally Posted by Harbinger[TG]

I'm all out of bubblegum!

but is it time to kick *** and chew bubblegum yet?

[Harbinger[TG]]

Originally Posted by heinous

but is it time to kick *** and chew bubblegum yet?

It is always time to kick ***

[Christian Nelson]

The thing people need to understand about all of this.. Market moneys and banking systems cannot cause the mines to collapse, the factories to burn down, the people with skills and abilities to suddenly forget how to do things, nor can it cause the land to disappear.

The government however can in fact take all of that away from us by giving it away to someone else, borowing from our future, and our childrens future to pay off someone else's debt.

If the government doesn't bail these guys out, the stock market will drop, banks will go down, and borowing will be difficult, interest rates will go up for a while. Some people who have not figured out that a 401K is not a savings account will have to wait a few years to retire when the stocks come back up. In about 10 years, it will be fine.

If the government DOES bail them out, you and I, and your children and mine will be paying the interest on this debt for our entire lives. Not only that, but it will set a precedent that will garuntee more of this to come in the future.

Every nation that I can recall has not done better after nationalization of it's major industries.

[Finnigan]

I saw this too:

While distracted by $700 billion sticker shock $25 billion is sliding through in low-interest loans to the Big Three Automakers.
KickingTires: Budget Bill Includes $25 Billion for Automakers

EDIT:

The government however can in fact take all of that away from us by giving it away to someone else,

Didn't this already happen when most of our manufacturing got outsourced overseas for cheap labor?

[R.J.]

Originally Posted by Walking_Target

So... grab your shootin' iron and march on Washington... that's what the 2nd Amendment was intended for...

People should not fear their government, the government should fear their people.

I don't know about y'all but I am all for who ever has the heavy weapons.
As long as they are watching.

RJ

[Christian Nelson]

Didn't this already happen when most of our manufacturing got outsourced overseas for cheap labor?

No, the machinery and land is all still here. More importantly, the skilled people are here too. We could start back up anytime..

If we incur tons of interest by the govenrment borrowing money, we will sell out our future. Labor is wealth.

Wealth is nothing but accumulation of labor value.

Money is simply one way of representing that.

Taxation is forced labor. If the government borrows enough, they will have to increase the slave labor to pay the debt, that means selling the lives of your children off.

[CamoDeafie]

Not sure if there are any economist/historians here...but I seem to recall from a different board a few years ago a massive discussion on the whole economy thing...there was a guy or some such who keeps harping about the Smoot-Hawly(spelling?) act that the Fed bank passed and thereby made around 28% or so of the original currency or value worthless (contracted the reserve amount and budget amount or "economy" by 28%) and didn't have any provision in the act for it to be repealed, nor continued after passage... more info should be available from the Library of Congress for the 1920s, right before the Great Depression, right after the abolishment of the gold standards I believe, and apparently the act involved the passage of all treasury items and properties to the Federal Reserve Banks to hold the debt of the United States as its own, and since the gvt's laws, documents, operations are property of the United States, it in turns became the property of the Fed, and thereby, the Fed has been "kind enough" to allow the governing structure and laws to be left alone, but I wonder since it's a bank controlling the debt of the State, wouldn't that mean that they could in theory appoint, elect, or choose exactly who they want to run the State and pretty much, holds all our treasures and such hostage to the global market?

I may be massively wrong though... I need to do some serious research on this..or someone who knows more than I do could correct me or something, but it seems to me that the National Treasury isn't state owned anymore, its the property of the Federal Reserve....

[Party]

God nelson.
Your logic makes my mind hurt, seriously.
Although your right on one count, America is never fully getting out of this hole.

[Azzy]

How about elaborating on what you don't understand, instead of just point out that you dont?