Always up to date with the latest of Jim Rogers, John Stossel, Marc Faber, Peter Schiff and Ron Paul!
Excellent stuff. You know, I'd like to move to the US and become an American just so I could vote for a Ron Paul/Peter Schiff combination in 2012. In the 1980's Thatcher destroyed UK steel and coal - I worked in steel at the time - she asserted that German coal was cheaper. She was really after the unions and destroyed them, and even then most know that itself to be a good thing as the ywre way out of control. But to do it she destroyed UK industry. Instead of steel, we got a shopping centre, that closed many smaller shops. Back then, everyone was mumbling that you couldn't replace production with services. The people knew it. I knew it, but no one listened. The UK has been a declining country for some time - it is the standard joke in Asia (where I lived for 15 years).Me? I got out of steel early - saw the writing on the wall - and went to college. Many others have been in dire straits ever since. Me, I always wore Levis, until the day the last US factory closed and they all became made in China. Now, I won't buy them. Nothing against China - I wear Chinese jeans, but no way on this Earth will I buy Chinese Levis. They are not Chinese. Just like I refused to buy a Made-in-China kangaroo toy in Australia (I hunted around and paid three times for the real McCoy). Wake up America - you have lost the plot.RMJ Atkinson
On CNN you are always limited by the dumb questions they ask you - but you will get known. By blogging you can say what you really mean. Today's is your best one yet for non-financial types like myself. Sound /picture quality is a little suspect though.RMJ Atkinson
I cant believe more people dont realize what is going on. Its just not bad enough for people to wake up. I dont know what its going to take to open the eyes of the ignorant public.
I agree that people can not see what is going on. I believe that the majority of our people have lost the capacity to do the 2 things makes us different than animals. The capacity to use 1. Reason and 2. Logic.We have become a Hedonistic society that works for our own self pleasure. We do not think about the consequences of our actions. Now as things will begin to get tough and our pleasures are evaporating, we do not stop and ask why? We just turn on our TV and allow someone else to do our thinking for us. People who act in this manner are no different than animals who "move" on emotional stimuluses, and that may be EXACTLY what our government wants. It is much easier to move a bunch of cattle to the slaughter if the cattle can't think or reason. Cattle don't ask, "Gee why is that guy who has fed me for all of these years doing this?" They just go along for the ride. Many people today are lining up for just that, to their own demise.
Comments above -- you have your eyes opened, but how has it changed your behavior? Have you done anything to change the gov't policies? I think many people that do open their eyes feel they can't do much, so although they use reason and logic, that use has no effect on behavior, or at least not to such an extent that the behavior change affects policies.What mass behavior would cause a reasonable change in economic policy?
Two things could cause it. One, being people moving in mass with calls to their senators and congressman now. Two, being when people realize that everything they own and have has been taken from them. When people really start seeing their personal wealth evaporating, they will begin to move. That is my hope. We have GOT to stop believing that govt. is the answer to every crises. Govt. in reality is the CAUSE of these crises.
But congress got mass calls against the first bailout in october or so last year, and they passed it the second time through anyway. So calls don't work.And the rub -- what specifically do you mean by "move"? This is the crux and stopping point of every discussion i have on this. What will they actually do? Call their reps? But see above... Shoot their neighbors? Burn down city hall? Generally riot? But none of these go to the cause of the problem, the federal gov't. What action will the realization lead to that can actually solve the problem?
When I use the euphemism "move" I mean people start really getting angry. I personally do not believe that Americans "en mass" called their reps in october as you suggest. I do recall when congress was going to pass that insane amnesty bill, people DID call their congressman and senators and it did not pass, so this method does work. In relation to the first "stimulus" bill and unless you have numbers that Americans called their reps suggest otherwise I will keep to my belief. Americans, in the macro sense, do not understand economics. I truly believe that. I can't tell you how many people I have discussed econ with who stand and blink at you when you try and explain to them that you can not get out of debt by creating more debt. They know that they personally are in debt. Most (other than the "hand out gimme-something for nothing people") know that to get out of debt they must stop spending, contract and pay off their debt. But in respect to the govt. they can not see this. For some strange reason they think that govt. has a "magic wand" and can fix anything. This is insanity at worse, stupidity at best. When they begin to see that a loaf of bread costs$8.00, a gallon of gas is $9.00 and every other commodity that they purchase to survive is going through the roof, THAT is when I suspect they will move. Will it be too late? Maybe, I do not know.