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Strategies & Market Trends : The coming US dollar crisis

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To: ggersh who wrote (11499)9/21/2008 1:22:56 PM
From: LTK0074 Recommendations  Read Replies (1) of 71442
 
Russ Winter for over a year has being refering to WS and its Government friends the "Mafia Thugs", and i concur.(he also said he believed in the last sixth months of the Bush Rule, we will have rank crimnality by government--he said that in about June)

What worries me the american public in the main isn't aware of any of what actually has gone on, they don't understand it. So if Bush says one doesn't support these new unheard of dictatorship powers for U.S.Treasury to do what they want when they want and with no oversight, and tells JQP that if you don't O.K. this and denounce all that dare question it, be afraid, very afraid, because you will go under and starve.
They are now using FEAR on the public that in the main doesn't know twit what this is about(how many could define a derivative, how many understand what this Toxic Waste Paper they are being told to buy, is? i mean like what percentage of the public grasp this?).
i am saying, imo, that what is happening, if this plan stands as presented, is not socialism but is National Socialism, akin to the actions and policy of the once National Socialist Party of Germany, otherwise known as the Nazi Party.

i am anti-totalitarianism in ANY form, but let's not say this is now like the once The United State Socialist Republic(USSR), type of totalitarian socialism, imo, as i see this as the totalitarianism much more akin to National Socialism(Fascism).

J.C.Penney, though neurotic about money(he would drive 10 miles greater distance to his home rather then pay tolls on the Garden State Parkway) was a fine employer, back in the 50s, i remember well how employees of J.C. Penney were envied, as they were all part owners in J.C. Penney.
J.C. Penney was also a most generous philanthropist.

He was passionately opposed to credit cards, but when his board of directors told him, if we don't concede shareholder value would get hammered hard, he then agreed, but saying i think this move to the credit card in the U.S. will lead to great problems in the future.
Penney believed it would undermine the good fundamental principles that maintain a society.
i remember in about the year 1953 popping in on my sister waitressing on a summer job and seeing this thing pasted to the window "Diner's Club Member".
i asked my sister , "what is that??" and she said " Well people that have that card don't have to pay cash they just charge it" It was mindboggling to me--LOL!

i grew up in a world where we would say, "Better watch what we order so we don't end up the day washing dishes to get out of here"

i am not positive, but i read one article, that credit card biz all got started when The Bloomingdale was at ritzy restaurant but forgot his wallet and he then created a club called "Diner's Club", and this, the article stated is where it all began, it began from the day Mr Bloomingdale forgot his wallet.Cripes.

We then were to evolve into a credit card society, it fed our growth, YIPPEE!.

It was initially frowned on my many many in the public with the the "old values", but Madison Avenue etc pumped up the volume to the point of making people think if they didn't have credit cards and spend, you were unamerican, or worse, to not having a credit card in your wallet meant you were POOR("Gawd Forbid, any think that, must get a card").

Then they got to the "ownership society" and pounded that out.

i resisted because i was raised by Great Depression parents and i was taught over and over, debt is dangerous.

i have lived a life, where in hard times, i just did without rather than have a credit debt (Mortgage the only thing, and that was paid off about 10 years ago)

J.C. Penney basically said, this will blow up one day.
He was right in the long run.

All that was needed was criminally minded people to scam the whole world selling trillions of dollars in packaged BS, and stamp it Triple A.

Remember when way back people in the world BELIEVED our streets were paved in gold.
Has the American Myth been broken? i think so.

Max
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