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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (104912)	9/9/2009 2:20:21 AM
From: clochard	Read Replies (2) \| Respond to of 110194

The UK Labour party under Blair managed to push millions of middle class people down to the minimum-wage socialism level. This new bunch of likely handout recipients would probably vote Labour out of fear of not getting handouts if they slipped further down. Kinda like Münchausen syndrome by proxy.

To: Skeeter Bug who wrote (104912)	9/9/2009 6:48:00 AM
From: Gib Bogle	3 Recommendations Read Replies (2) \| Respond to of 110194

That's pretty nutty, Skeeter. In the most cynical reckoning, Obama's goal is to get elected. Destroying the middle class will not help him to achieve that goal. The forces that are hitting the standards of living of the middle class have been gathering strength for many years. Obama just happened to be the one given the task of overseeing the inevitable economic collapse that followed years of living on credit. Is Obama responsible for the loss of jobs to China? Think!

To: Skeeter Bug who wrote (104912)	9/9/2009 3:27:54 PM
From: ayn rand	1 Recommendation Read Replies (1) \| Respond to of 110194

To look at the mentality of the Roman emperors, we can look just at the advice that the Emperor Septimius Severus gave to his two sons, Caracalla and Geta. This is supposed to be his final words to his heirs. He said, "live in harmony; enrich the troops; ignore everyone else." Now, there is a monetary policy to be marveled at! one of the reasons why the Roman state collapsed in the 5th century was that the Roman people, the mass of the population, had but one wish after being captured by the barbarians: to never again fall under the rule of the Roman bureaucracy. In other words, the Roman state was the enemy; the barbarians were the liberators. And this undoubtedly was due to the inflation of the 3rd century. While the state had solved the monetary problem for its own constituents, it had failed to solve it for the masses. Rome continued to use an oppressive system of taxation in order to fill the coffers of the ruling bureaucrats and soldiers. Inflation and the Fall of the Roman Empire Mises Daily by Joseph R. Peden from a transcript of Professor Joseph Peden's 50-minute lecture "Inflation and the Fall of the Roman Empire," given at the Seminar on Money and Government in Houston, Texas, on October 27, 1984. The original audio recording is available as a free MP3 download mises.org