You make valid points, but you're exagerrating. For example, wage increases don't need to match cpi inflation.... IF you've planned correctly. Anywhoo - all this can be avoided by conservative financial planning. Don't outspend your income. Buy a used car. Buy ahouse you can afford. Forget the big screen. The problem that befalls people is cuz of their own stupidity. Who do you see that's doing well today? The lifelong conservative spenders. To me, it sounds like this whole "abolish the Fed" is nuthin' more than a play to the dummies. Sounds like a liberal policy to me. Pandering to the short term interests of those that can't think beyond Friday's paycheck. I say dump the social commitments anyway, so that's a pretty weak argument, if you're trying to make your point with ME....
so u say the majority who ACTUALLY WORK need to be conservative with their spending, because others are robbing them [legally] of their buying power. is that what u are trying to say?
wow. did you register multiple aliases or are there really so many stupid and paranoid people out there? i'm getting out of hicksville. later.
It would be nice if you didn't pass off others work as your own. Perhaps posting a link to those cut&paste jobs. Here, let me help: http://en.wikipedia.org/wiki/Inflation Wiki. The same Wiki routinely white-washed by Corporate America and the CIA to bury criticism and manipulate facts? http://www.crooksandliars.com/Media/Download/20430/1/SpecialReport-Wallace-Wikipedia.wmv Let me break this slowly. Kenysian Monetarism ISN'T the only economic paradigm out there. Besides Bankers, monetarism is all the rage among Socialists (Academic Elitists) and Big Government-types for two reasons: 1) Monetrarism wrests control of the Countries economic throttle (interest rates) from the free market to a small handful of elites. 2) Beaurcrats now have a blank check thats spent on their own reelection campaign and lining cohorts pockets. Of course, all this frantic spending is done at the expense of the working-class American whose savings is stolen by fiat money spending. What are the unofficial stats now? 10% including food and fuel? Thats a direct result from the Greenspan money bubble pumped up from 2001 onward. Its a parasitic synergy. Line their pockets at the expense of the sheep.
I'm sure Haroki and BJL will consult with Jack and get back to us with someone else's thoughts soon enough
Incredibly well put! This thread is awesome, I'm glad there are other Americans that face the facts of our country and spending issues. Most typical Americans think I'm nuts and magic will save us all.