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Author: Day BrownDay Brown Date: Sep 12, 2008 21:00
Given the volitility of the stock markets, the corporate raiding like
Enron & Worldcom, and the regulation failures we see in the financial
sector, few young people would choose to invest. But young people also
see that Social Security is unfunded and wont be there for them. Neither
presidential candidate either understands the depth of the problem, of
if he does, is up front about the answer.
I do not see that the Greens or Libertarians have a responsible proposal
either. Given the grip of those receiving entitlements and the power
elite manipulating the asset base of the economy, both to achieve near
term ends, there will not be a democratic mandate to do anything, and so
the government will continue to borrow money as long as it can.
Given that many other economies are also inept and corrupt, money from
them will continue to come in from systems that are even more unstable
as long as it can. Of course, without re-investment in these second tier
economies, conditions will deteriorate there, no more money will be made
there. Famine, anarchy, barbarism, and and revolution is likely; without
functional governments, banditry, drugs, and piracy will spread, even to
the point of destroying international trade.
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Author: Mason CMason C Date: Sep 12, 2008 21:38
On Fri, 12 Sep 2008 23:00:38 -0500, Day Brown daybrown.org> wrote:
>Given the volitility of the stock markets, the corporate raiding like
>Enron & Worldcom, and the regulation failures we see in the financial
>sector, few young people would choose to invest. But young...
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Author: Langevinger66Langevinger66 Date: Sep 12, 2008 21:43
On 13 sep, 06:00, Day Brown daybrown.org> wrote:> Given the volitility of the stock markets, the corporate raiding like
> Enron & Worldcom, and the regulation failures we see in the financial
> sector, few young people would choose to invest. But young people also
> see that Social Security is unfunded and wont be there for them. Neither
> presidential candidate either understands the depth of the problem, of
> if he does, is up front about the answer.
>
> I do not see that the Greens or Libertarians have a responsible proposal
> either. Given the grip of those receiving entitlements and the power
> elite manipulating the asset base of the economy, both to achieve near
> term ends, there will not be a democratic mandate to do anything, and so
> the government will continue to borrow money as long as it can.
>
> Given that many other economies are also inept and corrupt, money from
> them will continue to come in from systems that are even more unstable
> as long as it can. Of course, without re-investment in these second tier
> economies, conditions will deteriorate there, no more money will be made
> there. Famine, anarchy, barbarism, and and revolution is likely; without
> functional governments, banditry, drugs, and piracy will spread, even to ...
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Author: Day BrownDay Brown Date: Sep 12, 2008 22:47
Mason C wrote:
> "whatever level the remaining economy can afford" is what will be paid
> as Social Security, medical care, food, housing, clothing, and fun.
>
> The total will be greater or less than today depending on the growth of
> the economy.
>
> "Money" has nothing to do with it -- but will be flubbered about and
> around and up and down and the economy will boom, bust, recess, and
> depress -- as it always has as bankers inept and competent wrestle with
> the money. Money will go up in value. Money will go down in value.
>
> All said and done, the total of Social Security, medical care, food, housing,
> clothing, and fun will be what it is today, probably higher.
That money will have to be made, and collected in taxes by younger
people, who are a decreasing demographic...
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Author: Mason CMason C Date: Sep 13, 2008 02:20
On Sat, 13 Sep 2008 00:47:40 -0500, Day Brown daybrown.org> wrote:
>Mason C wrote:
>> "whatever level the remaining economy can afford" is what will be paid
>> as Social Security, medical care, food, housing, clothing, and fun.
>>
>> The total will be greater or less than today depending on the growth of
>> the economy.
>>
>> "Money" has nothing to do with it -- but will be flubbered about and
>> around and up and down and the economy will boom, bust, recess, and
>> depress -- as it always has as bankers inept and competent wrestle with
>> the money. Money will go up in value. Money will go down in value.
>>
>> All said and done, the total of Social Security, medical care, food, housing,
>> clothing, and fun will be what it is today, probably higher.
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Author: Patriot GamesPatriot Games Date: Sep 17, 2008 08:13
On Fri, 12 Sep 2008 23:00:38 -0500, Day Brown daybrown.org>
wrote:>Given the volitility of the stock markets,
All "markets" are volatile, that's why they're called "markets."
>the corporate raiding like Enron & Worldcom
The term "corporate raiding" is used to refer to one company raiding
another company's staff and/or customers.
Enron & Worldcom was simply criminals begaving like criminals.
>and the regulation failures we see in the financial sector
There haven't been "regulation failures."
Regulations, or a lack of regulations, does NOT cause hard-working
law-abiding people to suddenly turn into criminals.
>few young people would choose to invest.
Actually, this would be about the BEST time for young people to invest
since they have the time (15 to 20 years) to see an investment grow
and since they can get in cheap.
>But young people also
>see that Social Security is unfunded
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