Re: Depression, inflation, economic collapse

Werner <whetzner@[EMAIL PROTECTED]
> wrote
> Rod Speed <rod.speed....@[EMAIL PROTECTED]
> wrote

>> And that unfunded liability stuff is something that fools have been
mindlessly
>> hyperventilating about for a long time now. It aint what drives the
market and
>> the US economy wont be imploding because of it, you watch.

> So your optimism stems from history.

Much more than that. Also having enough of a clue to realise that the
federal reserve is doing what it needs to do to ensure that we dont
see a full depression and that that is working quite adequately.

Sure, plenty of fools that were stupid enough to buy the lies of the
spivs and con men that sold them sub prime ARM loans may well
lose the houses that they wouldnt otherwise have got anyway,
and there will certainly be a substantial downwards adjustment
in property values as a result of all those defaults, but its not going
to be the end of civilisation as we know it. Even the Great Depression
and two world wars and the cold war and countless other wars wasnt.

> What do you make of the British Empire?

That it was quite successful while it lasted and that even when it ended,
england still didnt see the end of civilisation as we know it and that
they
continue to live much better than most people did when the empire was
at its prime, both in england and in the rest of that empire.

> Or the USSR?

That the system on which it was based was never going to be viable
over the long haul and the limitations of that brought it undone. And
that while they didnt handle the transition from communism anything
like as well as china did, most people are still better off than they
were say during WW2, and that their situation will continue to improve.

> Or China?

That they eventually came to their senses and realised that communism
was never going to fly and the capitalism works a hell of a lot better and
that they handled the move away from communism a hell of a lot better
than most of the other communist states and are the only country thats
managed to actually do something about what cripples the future for
any third world country that doesnt fix it, pumping out more kids than
the economy can possibly sup****t.

> Or India?

That things are improving significantly there, we no longer see them
having to watch their kids die in droughts anymore, and that we worked
out how to eliminate smallpox completely and may well eventually be
able to do that with polio and other infectious diseases too.

But that if they dont do something about pumping out more kids than the
economy can possibly sup****t, their future is as hopeless as is that of
all the rest of the third world thats stupid enough to not fix that
problem.

> Or the price of Gold?

A complete irrelevancy.

> Or GM?

Which GM ?

> How quickly things change.

That only happens with the most unstable situations like the USSR and
china.

It doesnt happen in viable capitalist countrys.

> http://www.capitaldistrict-lp.org/how.shtml

Just more mindless silly stuff.

> Isn't it high time to join The Resistance?

Nope, its a complete irrelevancy.

> http://www.capitaldistrict-lp.org/RevolutionMarch.html

That fool hasnt got a hope in hell of ever getting into a situation where
he gets any say what so ever on anything at 
all.