How is that going to help the majority of Americans? What ever happened to "government of the people, by the people and for the people shall not perish from the earth"? Perish? Shiawww! It was PREMEDITATED MURDER!
......................................... The US entered the industrial age without any social baggage and then engaged in a bloody civil commodities war under the pretext of social equality. The gov. of the day got away with this act and set in motion a standard for future govs to lower themselves to. A by product of the war was a giant leap forward in industrialisation that permitted Workers to buy the very products that they produced for the very first time. As time went by more and more novel (and eventually desperate ) methods were created to increase the purchasing power of US people. Remember "GM leads the US" Sadly, it might still be true. Eventually all good things come to an end and US business learned that it must globalise in order to survive and thereby grow. And that is where US is right now... US business is globalising and it's people lie shattered and in disbelief. Back to your question ..."What ever happened to "government of the people, by the people and for the people"?" Maybe it was all an illusion. The people were just along for the ride. History repeating itself yet again. regards f9
same news put in simple words http://money.cnn.com/2008/07/11/news/economy/fannie_freddie.fortune/?postversion=2008071110
Maybe the only answer is to let the dollar go and inflate. The rest of the world is going to just love that, but last time I looked it was a dog eat dog world. Holidays at home and immigrants returning to theirs will be two bonuses that spring to mind. regards f9
Isnât it funny, the so called âstupidityâ always benefits those who make the âstupidâ mistakes? Who makes $$$ out of debt? The ones who collect the interest. Mind you the debt is money out of thin air, with the taxpayer on the hook.. Following the money trail leads to the answers. It appears gnome has it right. Either the people wake up or keep on paying the price.
The American Revolutionaries risked EVERYTHING for this ideal... life, liberty and property. NOW it appears "the people are just along for the ride". Hell, we don't even GET to ride... we're just FINANCING it! ..
PLANNED and ALLOWED as global wealth entities use human nature against people at all levels. The "layered lies" concept excecuted flawlessly....weaker hands are over leveraged and destroyed through destructive financial schemes/instruments. Globalist (wealth transfer) Games 2008 continued....
Since we are talking in the TRILLIONS.....how about the 2 trillion that has been sucked right out of the a$$ of the US economy (since bush/CHENEY took office) for the increased cost of oil in all areas of our economy (over the yearly cost increase projections for the last 7 years). 2 FRICKIN TRILLION......in only 7 plus years!!! :eek:
My history is a little shaky these days but as I recall after King George was overthrown and remittances ceased to Britain, taxes were increased in the Americas to pay for the formation of the gov. regards f9
What about the nearly $5 Trillion the national debt has increased since Bush took office? They borrowed it, spent it, and left the debt for someone else to pay. What's with that?* *rhetorical question, of course... it's only "bidness as usual"...