Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: axial who wrote (27405)	3/13/2010 12:54:12 PM
From: DebtBomb	5 Recommendations Respond to of 71456

Let's start at 1970....we hit Hubbert's peak in the U.S., and ran into many problems. We burnt our oil up. We then put woman to work, so households could have extra income to keep up with their standard of living. Then baby boomers entered the workforce and started families and starting spending in the early 80's. Two huge oil fields were discovered....they are pretty much depleted now, but it bought us some time. Baby boomer peak earnings and spending year hit in 2007....the stock market top....globally. Less people are employed today in the U.S. than in the late 90's. Net worth and standard of living has been declining since the late 90's. Our manufacturing has been sold out to slave labor....so greedy elites can line their greedy pockets. In the late 90's, we ended up not being able to offer the world much of anything anymore....so they started bubbles. The feds have decided on milking the public of it's savings....so they gave the public "0" interest rates....no return on cash. Did you know that we used to be the largest oil producing nation in the world? Anyway....it's empire decline and easy to see. So, elites have resorted to looting, ponzi finance, and madoff scams. Mortgage equity is plunging. There's pretty much nothing left. This is how they pull off transfers of wealth: 1. "0" interest rate policy that forces folks not to save. 2. Start bubbles, ponzi finance, and scams. 3. Encourage borrowing and debt which enslaves the public with interest payments. 4. Convince the public to use emotions over brains, tell them it's patriotic not only to spend, but it's patriotic to buy stocks. BINGO....transfer of wealth. Easy money. Now, I don't know about anyone else, but I don't like giving banksters my money.