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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: NOW who wrote (18549)9/13/2004 2:35:13 PM
From: Knighty Tin  Read Replies (2) of 110194
 
too, They are planning to allow 75-80% of working Americans to become impoverished. The only way for America to compete is for all of us to make less real money and closer to what is earned in China and India. Of course, cutting wages a chunk is tough and likely to spur the peasants to surround the mansions with pitchforks, so holding wages steady while increasing unreported inflation is the way to go. We will borrow more to run in place for awhile, keeping the corporations and the banks wealthy, thinking our ship will come in at any minute and return the country to "normal." But, in the end, we will be left with lower real wages, higher costs and a mountain of debt at the personal, corporate, local, state and Federal levels. Once labor has been totally broken, the country will become competitive with the third world. As Tennessee Ernie Ford sang in "Sixteen Tons," we'll "owe our soul to the company store."

Of course, for those who are retired or on fixed incomes, things will be much uglier. They are going to have to cease to exist to not be a burden on the now poorer working Americans. A combination of ever more expensive and less accessible health care, more emphasis on unhealthy habits (Starbucks, cigarettes placed in every glamorous movie, steroids making heroes and governors, Krispy Kreme, and "beer, beer, beer, beer, I love beer." A combination of terrorist attacks, drunk drivers, and environmental suicide will help get that pesky lifespan thing under control.

There needs to be changes to the Constitution and perhaps the elimination of the legislative branch in the near future. Judges with agendas and the executive branch appointed by a plutocracy will help implement the policies.

So, those are the good things they will do. Sorry, don't have time right now for the bad things.
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