Show your support by donating any amount. (Note: We are still technically a for-profit company, so your
contribution is not tax-deductible.)
PayPal Acct: 
Feedback: 
Donate to VoyForums (PayPal):
| [ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10 ] |
| Subject: Thanks | |
|
Author: Stephen |
[
Next Thread |
Previous Thread |
Next Message |
Previous Message
]
Date Posted: 07:18:38 03/10/08 Mon In reply to: jw 's message, "Re: Perhaps the Euro/USD partialy explains" on 19:58:51 03/09/08 Sun Thank you for taking the time to clarify this for me. I know you know this stuff. Good luck in the future. Something tells me we can all use a little luck right now. > One of the scariest bits of news is that food >supplies are extremely low now, as your article says, >wheat supplies are the lowest level in 60 years, and >there were several billion fewer mouths to feed then, >also china was not converting from a largely plant >based diet to mc donnalds cheese burgers. There are >also other reasons for the run up in all commodities, >the collapse of the dollar has an exagerated effect on >commodities prices, along with the lack of decent >investment opportunities. Because stock markets are >failing, real estate is failing, and the US government >is keeping interest rates artificially low, well below >the rate of inflation, "money" is driving up the cost >of commodities. Rich people and institutions know >that people must consume commodities, so just like >they threw their money at stocks and real estate and >created bubbles, today they throw their money at >commodities and create another bubble, they become >rich and we all suffer. When there was a stock market >bubble in the 90's, it generally did not hurt the >average person. The real estate bubble hurt many >people who needed to buy homes, they were forced to >buy homes at artificially high prices because instead >of america building a real economy, greenspan and bush >perpetuated a real estate bubble to keep the economy >growing for a few more years. now that the real >estate bubble has popped, the commodities bubble is >hurting everyone (except those who trade it), >inflation is surging (except for workers wages, of >course), and our economy is collapsing. > > Notice that every time the fed indicates it will >lower interest rates or does, commodities prices surge >higher, and have reached staggering hieghts. The fed >is not solving the real estate problem because so many >americans do not have the financial means anymore to >buy homes even with the artificially low interest >rates the fed offers, but the fed hurts everyone with >the extraordinary high inflation, they are causing our >economy to collapse. > > > There are some thing government can do to ease the >current crisis. First, raise the interest rates back >to where they were last spring, and commodities prices >will correct rapidly, it will save us alot of money. >Second, postpone the ethonal fuel program except for >use as a clean air additive, to replace mtbe. Third, >the government should help homeowners with sub-prime >mortgages who have a generally good record of payments >get regular mortgages, which will keep their rates low >even with rising interest rates. If the banks do not >want to give these people prime loans, the government >should give it to them, they have proven there ability >to make the payments, there is no reason they should >be locked into very high interest rates anymore, and >it could save our economy. I would also add to this >that the government should rapidly accelerate and >increase various energy efficiency laws that were >recently passed, which would guarentee significant >reduction in our consumption of imported oil in the >comming decade. > > Here in new york city, we used to be able to watch >100 baseball games a year on free television for each >team, mets and yankees. Over the years, the cable >companies bought the rights to the games, and now >there are almost no baseball games broadcast on free >television. Why do we now have to pay for baseball >games we used to get for free? The cable companies >knew that they could buy the rights to the games and >charge us money, and the sports "fanatics" would pay >for what they used to get for free. The question is, >why do people willingly pay for something that they >used to get for free? Because they have no back bone, >they are not willing to fight back, that's why there >are called sports "fanatics", or fans, because they >will sacrifice everything for their team. > > The same consumer fanaticism of the baseball fan >exists in all areas of the economy. Americans believe >in predetory capitalism, until they see their world >collapsing, as it is now. We spend increasing amounts >of money to maintain our lifestyle, we refuse to >change our ways, and we refuse to use the facilities >of government to remedy the failures of our predetory >capitalist system. The economic collapse is going to >be very interesting in this election year. One big >difference between 29' and now is that 29 was after an >election, this time we can change the government as >the crash gets underway. > > Keep an eye on the storage levels of grains, there >is a very high potential for spring flooding in the >mid west this year, there are some similarities to the >way the 1993 event began, if we have major crop >failures in the midwest now we will be in for a very >rough time. > > For excellent commentary on the current situation, >listen to the tom hartman show on air america, this >guy really understands what is going on, and what >affects us, he exposes the lies of the economic >cheerleaders. > > >>Why the price of wheat has doubled in the last month? >> >> >>href="http://www.csmonitor.com/2008/0227/p01s05-usec.h >t >>ml">http://www.csmonitor.com/2008/0227/p01s05-usec.htm >l >> >> >>Of course with the increased oil cost going through >>the cealing, corporate takeover of agriculture, and >>the price of wheat doubling, people will be going >>hungry in America. >> >>The NY Time also said that the county has lost >>somthing like 4.5 million jobs since Bush took office? >>Does that seem right? That's over 2% of te labor >>force! >> >>>The powers that be are trying to scapegoat the >>>sub-prime crises, but oil and general inflation are a >>>much bigger problem, most of us do not have sub prime >>>mortgages. Every time the fed lowers interest rates, >>>the price of oil and other commodities surges, they >>>are fueling inflation like crazy, and accelerating >the >>>collapse of the american economy, bush is fiddling >>>while america's economy collapses. >>> >>> It is a shame that someone like mc cain got lost >in >>>the republican party, he seems to be a generally >>>honorable man, but we need to recover from the >>>catastrophe the republicans have made in the last 7 >>>years, mc cain is not the man for that job. >>> >>> Btw, the dollar is approaching a 50% loss in value >>>against the euro, such a collapse in the value of a >>>currency is typical of a third world country! >>> >>>>Ya, and McCain getting Bush's endorsement was the >>kiss >>>>of death. >>>> >>>>I think people have pretty much figured this out >>>>already. That is why McCain is already a lame dog. >>>> >>>> >>>>>A dem, of course. So there's a second consolation; >>>>>it's gonna be hung squarely around bush's neck >where >>>>>it belongs. >>>>> >>>>>>I think the Bush rape of the US economy has >reached >>>>>>the breaking point. >>>>>> >>>>>>The only consolation is that we saw this coming. [ Next Thread | Previous Thread | Next Message | Previous Message ] |
