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To: Wyätt Gwyön who wrote (10994)	6/3/2003 6:23:47 PM
From: MSI	Read Replies (1) \| Respond to of 306849

this is the inevitable result in a government where revenues persistently fall short of expenditures. you either increase revenues (taxes) or reduce services. Wrong set of choices. If you were to demand full disclosure on every public dollar and program it would be clear that the 40% of GDP gobbled by gov't is 50% wasted and another large portion is viciously counter-productive, basically gov't at war with the citizenry to further the aims of gov't/corp insiders. Take any given program, cost and results, and you'll see. The problem is NOT one of too little money going into gov't. Too many services are designed to further the service-providers and fool the public into paying up. We are indeed being looted on a galactic scale, but even a cursory look at this out-of-control predatory system of business/gov't control quickly shows who wins and loses, and who pays - it's those w/o political representation who pay, and those with clout who win. Citizens have no representation, Congress is a sham, and the rest of the branches of gov't are festooned with the wealthy criminal class, as TR put it. This "jobless recovery" will further enslave more citizens along with media control and gov't-provided soma. Paying more taxes will not solve any of that, even at 100%. Many of us can retire and forget about it, secure in the knowledge that only our descendants will live in a secrecy-obsessed insider-controlled hell with dumbed-down schools and make-believe media. It's time to get political for those who care. And yes, as someone else said, gold is a thermometer up the behind of gov't economic policies. I think it was Jay Chen.

To: Wyätt Gwyön who wrote (10994)	6/3/2003 7:20:41 PM
From: Jim McMannis	Respond to of 306849

RE:"add in all the negative net worths of the state and local governments, as well as all the public and private pension funds and all the inevitable bankruptcies in the wake of a busting real estate bubble, and you are probably looking at close to 10 times GDP in negative net worth, which is the greatest thing a gold investor could ask for, imo)." Well, I've listened to the doom and gloomers for many years. Their scenario never seemed to pan out. Now, however, the economy is so far out of whack that I can't help but believe in a nasty ending. My reasons may be somewhat different than yours but not that different. I simply look back at 40 years of bad government policy. I can't say I can blame it all on GWB like the Bush haters do. You probably can go back to Kennedy and start inching forward. The 1997 tax cut was really the last big windfall. Bush's dividend cut doesn't even come close to that.