The Real Crisis Yet To Unfold

[goadam1]

Re: The Real Crisis Yet To Unfold

Late phase capitalism is corrupt and debt laden. I'm not so sure that reform in Healthcare would bring out the overall economic benefits people expect. Sure people would be able to move spending to other parts of the economy but wouldn't the savings be a zero sum game in GDP. Plus fat corporate medical supports a level of middle class. It's a jobs program. Plus what to do with all the debt in the healthcare business.

The only healthcare reform we will see is walmart and other companies moving healthcare cost to the public balance sheet.

More sick irony.

Well ... I don't know which is simpler, your description or mine. On a scale of simplicity, I'd rate our views about equal.

I was saying that the big drug and medical companies are taking our money, and you're saying that the federal government is taking our money.

I suspect we're both right. To put it in a slightly more complex form, perhaps the big drug and medical companies are manipulating the government to better fund medicare and other health care expenses, with more tax payer money, for the further profits of those companies and the re-election funding of politicians supporting them.

Look at it this way. If you were a big medical company depending on selling expensive drugs and procedures to people including seniors, would not the unfunded liabilities of Medicare scare you? A major source of your revenue is facing long term massive funding shortages. Ouch! It would be time to lean on your Congresscritters and get them to squeeze more money from the American taxpayer, to ensure your long term growth and profitability.

In short, I consider the U.S. federal government to be more a tool of the drug/medical corptocracy in this scam than they are the primary culprit.

[jpatter666]

Re: The Real Crisis Yet To Unfold

Late phase capitalism is corrupt and debt laden.
....

More sick irony.

It's one of the things I love and hate about this site and its discussions. I've had the blinders taken off, swallowed the red pill, been unplugged from the matrix.

Most of the time I'm glad I've had my eyes opened, but there are times where the depression for what I know is to come gets kind of strong.

[cjppjc]

Re: The Real Crisis Yet To Unfold

It's one of the things I love and hate about this site and its discussions. I've had the blinders taken off, swallowed the red pill, been unplugged from the matrix.

Most of the time I'm glad I've had my eyes opened, but there are times where the depression for what I know is to come gets kind of strong.

I would guess that is a common feeling here. Impossible to fight it. Just observe yourself in that moment without judging anything. For myself the feeling of worry for my son is the strongest.

[ThePythonicCow]

Re: The Real Crisis Yet To Unfold

It's one of the things I love and hate about this site and its discussions. I've had the blinders taken off, swallowed the red pill, been unplugged from the matrix.

Most of the time I'm glad I've had my eyes opened, but there are times where the depression for what I know is to come gets kind of strong.

Well said, goadam1.

Whether or not such realizations are depressing, jpatter666, depends on whether one sees better ways to adapt to the situation, or one feels weakened, blocked or more hopeless.

[jpatter666]

Re: The Real Crisis Yet To Unfold

Well said, goadam1.

Whether or not such realizations are depressing, jpatter666, depends on whether one sees better ways to adapt to the situation, or one feels weakened, blocked or more hopeless.

For myself, my wife and I should survive nearly anything to come so long as the country itself does not completely implode (I don't see us leaving the country). I've taken steps to see to that. My parents, after years of warning have finally realized the need to take necessary steps (better too late than never) and fortunately they were the old school never take on much debt crowd, so I think that will work out. But of *all* the people I know (outside of iTulip of course!) I'm the only one to take such precautions.

In a way, I hope we're wrong.

But if we're right, I wonder if I'll be forced into triage for my and my wife's other relatives. I dread those possible conversations.

[sunskyfan]

Re: The Real Crisis Yet To Unfold

Though not optimistic I think the collapse will be in expectation more than the ability to live. The bottom line is that the concept of buffering money that is secure for security has been exploded. Even a house that is owned outright can be property taxed away (something that actually happened during the last depression).

Living in the moment without sabotaging the future is now what life is really about. This could be cool if we keep our heads.

Check this out for perspective :

http://bcmoney-mobiletv.com/view/371...-up-and-smile/

[Chris Coles]

Re: The Real Crisis Yet To Unfold

The answer is very simple but at one and the same time, extremely challenging for anyone that has become completely integrated into a feudal monetary economy where all decisions are made by some multi-national company, or government department.

Make a decision to create new mechanisms, new, much more "local" institutions; within which to hold your wealth. If everyone removed their funds from the existing institutions and carried out their own investment decisions, including creating their own hospitals and other medical institutions, you can easily disconnect yourselves from just about every aspect of your present difficulties.

Take a look at the Victorian business community. They built hospitals, towns, infrastructure.

The question becomes; can you imagine a world without the things that drag you down and bring on such negative feelings? All we need to do is decide to change the way we all live and then make it happen instead of sitting around castigating ourselves for the present situation.

We have nothing to fear, but fear itself.

[cobben]

Re: The Real Crisis Yet To Unfold

"I knew I was lacking something. I needed a government bureaucrat to set my priorities in life. She'll know much better than me what my energies are best directed towards, and then once she's decided that for me, she'll "let" me go work in the free market to achieve them."

I see you like the Swedish Social Democratic system.
Unfortunately it was put on the back burner after the recent right wing election win, but not to worry, it will be back - nothing can keep a good public spirited bureaucrat down for long . . .

[cobben]

Re: The Real Crisis Yet To Unfold

"I alone am right almost all of the time. (:eek: Did I say that? Call my wife!)"


No no no - now you've really gotten your understanding of true marital bliss all confused. Whether the husband is right or not on occasion really has no bearing at all. The true situation is:


The wife is always right and the husband is always guilty.


Just ask my wife.

[K Carlson]

Re: The Real Crisis Yet To Unfold

The answer is very simple but at one and the same time, extremely challenging for anyone that has become completely integrated into a feudal monetary economy where all decisions are made by some multi-national company, or government department.

Make a decision to create new mechanisms, new, much more "local" institutions; within which to hold your wealth. If everyone removed their funds from the existing institutions and carried out their own investment decisions, including creating their own hospitals and other medical institutions, you can easily disconnect yourselves from just about every aspect of your present difficulties.

Take a look at the Victorian business community. They built hospitals, towns, infrastructure.

The question becomes; can you imagine a world without the things that drag you down and bring on such negative feelings? All we need to do is decide to change the way we all live and then make it happen instead of sitting around castigating ourselves for the present situation.

We have nothing to fear, but fear itself.

Excellent post, offering a realistic, but idealistic response to a thorny problem we all seem to be facing. How can one individual make a real change in the political arena and still maintain some semblance of a normal life?

Your solution is the perfect response. I would characterize your approach as the "mosquito patrol". This self-sufficient, local-based patrol could theoretically take down the oligarchy of the big banks and other powerful-interest groups.

Thank you for your insightful post--your message will be spread far and wide in my little, local world.

[Chris Coles]

Re: The Real Crisis Yet To Unfold

Excellent post, offering a realistic, but idealistic response to a thorny problem we all seem to be facing. How can one individual make a real change in the political arena and still maintain some semblance of a normal life?

Your solution is the perfect response. I would characterize your approach as the "mosquito patrol". This self-sufficient, local-based patrol could theoretically take down the oligarchy of the big banks and other powerful-interest groups.

Thank you for your insightful post--your message will be spread far and wide in my little, local world.

Thank you. But there is more. I have set out detailed rules for the investment of your wealth back into your local communities. www.chriscoles.com/page3.html

The Times, London have been giving me coverage by allowing me to quote the name of my free to download book four times so far and have allowed me to be the sole comment on some very important occasions. This is a good example.
http://business.timesonline.co.uk/tol/business/economics/article6859447.ece

As I say, we have nothing to fear, but fear itself.

[Fiat Currency]

Re: The Real Crisis Yet To Unfold

It's one of the things I love and hate about this site and its discussions. I've had the blinders taken off, swallowed the red pill, been unplugged from the matrix.

Most of the time I'm glad I've had my eyes opened, but there are times where the depression for what I know is to come gets kind of strong.

You're not alone buddy ... you're not alone.

Matrix 3.jpg

I read "The Creature From Jekyll Island" many years ago, and have felt that way ever since. Recent events have only exacerbated those feelings.

[santafe2]

Re: The Real Crisis Yet To Unfold

We have three branches of govenrment (what I remember from High school) Judicial, Executive, and legislative. Each branch sets there own policy. Could we or have we ended up in a situation where the three separate policies of our three branches of government are inconflict?

Is the Federal Reserve considered a 4th branch of government that controls the other 3, unoficially?

Policy is set by Congress. On the left and right they have mostly abdicated their responsibilities. It's been a slow 50 year slide but we're so far off course now that we wage two undeclared wars and Congress apparently does not remember their job.

[Chris Coles]

Re: The Real Crisis Yet To Unfold

Policy is set by Congress. On the left and right they have mostly abdicated their responsibilities. It's been a slow 50 year slide but we're so far off course now that we wage two undeclared wars and Congress apparently does not remember their job.

In so far as government is concerned, it is my belief that we have reached this point because of the lack of ethics in modern government law. I had drafted a petition to the Supreme Court of the United States back in 2005, but at the time, (and still to this day), am unfunded and was thus unable to follow through. In stead, I have incorporated the petition as Chapter 12, The Responsibilities of Government in my free book The Road Ahead from a Grass Roots Perspective. I sum up, in part:

"I was led to believe that the United States of America wanted individuals like me; but I now believe that the government attorneys will do anything in their power to prevent someone like me prosper.

That, ladies and gentlemen; is feudalism.

It has always been my understanding that the United States was founded upon the realisation that feudalism is a failed concept. That the efforts of the free individual and their intellectual property coupled to capital has made your nation wealthy, powerful and strong. I believe that within the United States government, that lesson has been lost.

Think about that? Why has this come about?

The answer has to be that the practice of law has become totally adversarial. Everyone is the enemy.

In corporate law, yes, the attorney is there to protect the interests of the corporation; but it must be seen that in government, particularly where competition law comes into play, the primary responsibility has to be to encourage competition. The government attorney has a much wider responsibility – the encouragement of a successful nation.

If the government attorney has only a view that their responsibility is to protect the government, then everyone outside the government is an enemy. That the citizen is to be held at bay and controlled; that success is to be trammelled by the idea that they must not interfere with the aiming point of the government. I would argue instead that it is the governments responsibility to do everything it can to encourage the success of any citizen, (or in my case anyone wanting to join your nation as a citizen), in their lawful pursuit of making the most of their particular talents and aspirations.

It is a very real aspect of a feudal society, that those with power will do everything in their power to prevent the success of the ordinary citizen. Why? Easy to answer, merit always shines so brightly.

The great embarrassment of an “old school tie” without merit is to see themselves outshone by a bright shining upstart. In those circumstances, they have every vested interest in the failure of the more successful.

As His Grace The Earl of Clanwilliam once said to me: “Everyone has a vested interest in your failure”. (Private comment made at a UK Department of Transport conference on the subject of the Stonehenge).

I argue that it must be recognised that the greatest responsibility of the government attorney, in any government; is to see that, in the pursuit of lawful gain, those with merit are encouraged to succeed; that by so encouraging, they prevent the establishment of a feudal society and encourage a free and prosperous nation."

At this present time, it is my firm belief that the United States has become a classic feudal nation, not unlike the very systems that the Founding Fathers set out to leave behind them. But this time, the feudalism is all perpetrated by the FIRE economy. The castle on the hill overlooking the population has been replaced with the glass fronted tower block offices at the centre of all the major cities.

[Chris Coles]

Re: The Real Crisis Yet To Unfold

Excellent post, offering a realistic, but idealistic response to a thorny problem we all seem to be facing. How can one individual make a real change in the political arena and still maintain some semblance of a normal life?

Your solution is the perfect response. I would characterize your approach as the "mosquito patrol". This self-sufficient, local-based patrol could theoretically take down the oligarchy of the big banks and other powerful-interest groups.

Thank you for your insightful post--your message will be spread far and wide in my little, local world.

One last, but crucial point. If all you do is extract your savings from one bank and pay it into another, you do not change anything as most of the money slushing around the present FIRE economy is precisely those overnight deposits. The only long term solution is to place the funds into GOLD. The solution is to create your own much smaller "Local" Capital Spillway Trust Fund and thus set into motion the establishment of your own "Local Community Bank" and then, use the facilities of the likes of Bullion Vault, (I have no connection with them, not even an account and there are other similar businesses providing the same service), to place all the funds into Gold. The metal, not any paper of any form. The actual Gold itself.

After that, you can work out the fine details yourselves. When you reinvest back into your local community, it will be easy to see that the new "local" companies are from then onwards backed by Gold. As are your deposits into your own bank. All you need to do is re-read the history of how things were done back in earlier times when Gold was the currency of choice for any business.

You have nothing to fear but fear itself.