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Fredkc · 10-25-2009, 06:47 PM

Damn I feel old!!
Maybe thats because I've been talking about the fundamentals of this since about 1985. Back then, no one believed me, because they couldn't see it. "What, us worry?" Now people like Celente get rich saying the same stuff, and they don't believe him, either. (note to self: hire better marketing guys, next time

)

But the plain fact is we've been working very hard to make this come true for a good 30 years.

As outlandish as Celente's claims may be, he does bring up some legitimate points. The comparisons we hear in the media of this crisis to the Great Depression are not logical. During the Depression era, most people didn't own homes or credit cards. The country was not $15 trillion in debt. We led the world in manufacturing and had trade and budget surpluses.

Today, we have a service economy highly dependent on foreign nations for quality products at affordable prices. What we need is a new Industrial Revolution, or dot-com-type innovation, that will create jobs and increase productive capacity. Otherwise, unemployment will continue to increase and the government won't be able to create sustainable jobs that in turn can create wealth. The Federal Reserve can continue to throw money at the problem, but that would end up stagflating the economy and putting us in an even more unfavorable position.

"Washington is inflating the biggest bubble ever: the bailout bubble," Celente said. "This is much bigger than the dot-com and real estate bubbles. When the bailout bubble bursts, it should be understood that a major war could follow."

The economist expects tax and food riots to pervade the country. People will be giving each other food stamps for Christmas. Crime will increase to all-time highs. Then the worst possible situation will arise: the United States of America will disunite.

"Prepare for the worst, then you have the luxury to pull back," Celente said. "It costs nothing to prepare."

Now, this may sound like a lot of doom and gloom. Fact is, it IS a lot of doom and gloom. We've worked hard for it. We've spent decades making sure it would come about, and you can sing Kumbaya till hell freezes over, and it won't change the fact of it.

What will?
1. Until some form of sanity returns, prepare to not participate. Of course, this is extremely difficult, and requires some preparation and sacrifice. NOT doing so will require even more. Fact remains that the more you work on this, the "happier" and less stressful your "3D existence" will be. (can you say "barter"?)

Understand that everything being done in the halls, and back rooms of Washington will do absolutely nothing to prevent this. What they are doing only serves to preserve their facade while they steal as much as they can. They count on your trust, and desperately need it. The reason this is all coming apart can be summed up in a short sentence by Matt Taibbi, "The rich are running out of things to steal."

Because they will not change, they assure the demise of what they seek to control. "Not participating" will soon change its face such that, there won't be anything to participate in! Such is the nature of their intransigent approach. As hard as that seems it is actually a good thing.

Why is government incapable ?
Wrong question, really. To begin with, while the problem is of their making, the fix is beyond their realm. Why not has two fundamental answers.

a) Government can only spend what it steals. And if that isn't plain enough...
b) The government has created a monster of debt and perennial spending that is beyond the support of the tax base (that is, what they can steal from the earnings of me n'thee without us becoming part of the other side of their equation).

What they have backed is a downward spiral. This is a result of very basic principles of this physical universe. Plain fact is, they have hollowed out the wealth producing infrastructure to the point that it will no longer support this amount of theft, no matter how high people are taxed. It just ain't there to be stolen.

2. What will work?
Here I agree with Celente. What is needed is the equivalent of a "new industrial revolution". But it must be coupled with a monetary system which cannot be "gamed" by its keepers.

Here is a simple observation which has stood the test of time. It is one of my father's quotes, that stuck with me for some 40 years. I've yet to see it fail:
"Manufacturing and construction are the only things that produce lasting wealth. Everything else just re-arranges the money."

Like it or not, that is how this plane of existence works. What, how, and how responsibly this is done, can be argued over for the betterment of as many as possible, but that basic principal doesn't change. The nature of "what" is manufactured changes over time, but the basic principle is the same, be it hammers, saws, or software.

Until we return to the basics of turning head, hands, and a bit of dust into something of more value than we started with, we are just fooling ourselves.

Lastly, until we have a fair means of exchanging said bounty, we do it for naught. For that I will leave the explaining to a very down to earth guy by the name of Gary North. Coincidentally he has been writing on this in a series of articles, and this one: Part 9 is all about just how to fix, what's busted about that.

Thank you, I'll be here all week

Fred

10-25-2009, 06:47 PM	#37
Fredkc Project Avalon Member Join Date: Sep 2008 Location: Riverside, ca. Posts: 898	Re: October 25, 2009 ... Prediction?? Damn I feel old!! Maybe thats because I've been talking about the fundamentals of this since about 1985. Back then, no one believed me, because they couldn't see it. "What, us worry?" Now people like Celente get rich saying the same stuff, and they don't believe him, either. (note to self: hire better marketing guys, next time) But the plain fact is we've been working very hard to make this come true for a good 30 years. As outlandish as Celente's claims may be, he does bring up some legitimate points. The comparisons we hear in the media of this crisis to the Great Depression are not logical. During the Depression era, most people didn't own homes or credit cards. The country was not $15 trillion in debt. We led the world in manufacturing and had trade and budget surpluses. Today, we have a service economy highly dependent on foreign nations for quality products at affordable prices. What we need is a new Industrial Revolution, or dot-com-type innovation, that will create jobs and increase productive capacity. Otherwise, unemployment will continue to increase and the government won't be able to create sustainable jobs that in turn can create wealth. The Federal Reserve can continue to throw money at the problem, but that would end up stagflating the economy and putting us in an even more unfavorable position. "Washington is inflating the biggest bubble ever: the bailout bubble," Celente said. "This is much bigger than the dot-com and real estate bubbles. When the bailout bubble bursts, it should be understood that a major war could follow." The economist expects tax and food riots to pervade the country. People will be giving each other food stamps for Christmas. Crime will increase to all-time highs. Then the worst possible situation will arise: the United States of America will disunite. "Prepare for the worst, then you have the luxury to pull back," Celente said. "It costs nothing to prepare." Now, this may sound like a lot of doom and gloom. Fact is, it IS a lot of doom and gloom. We've worked hard for it. We've spent decades making sure it would come about, and you can sing Kumbaya till hell freezes over, and it won't change the fact of it. What will? 1. Until some form of sanity returns, prepare to not participate. Of course, this is extremely difficult, and requires some preparation and sacrifice. NOT doing so will require even more. Fact remains that the more you work on this, the "happier" and less stressful your "3D existence" will be. (can you say "barter"?) Understand that everything being done in the halls, and back rooms of Washington will do absolutely nothing to prevent this. What they are doing only serves to preserve their facade while they steal as much as they can. They count on your trust, and desperately need it. The reason this is all coming apart can be summed up in a short sentence by Matt Taibbi, "The rich are running out of things to steal." Because they will not change, they assure the demise of what they seek to control. "Not participating" will soon change its face such that, there won't be anything to participate in! Such is the nature of their intransigent approach. As hard as that seems it is actually a good thing. Why is government incapable ? Wrong question, really. To begin with, while the problem is of their making, the fix is beyond their realm. Why not has two fundamental answers. a) Government can only spend what it steals. And if that isn't plain enough... b) The government has created a monster of debt and perennial spending that is beyond the support of the tax base (that is, what they can steal from the earnings of me n'thee without us becoming part of the other side of their equation). What they have backed is a downward spiral. This is a result of very basic principles of this physical universe. Plain fact is, they have hollowed out the wealth producing infrastructure to the point that it will no longer support this amount of theft, no matter how high people are taxed. It just ain't there to be stolen. 2. What will work? Here I agree with Celente. What is needed is the equivalent of a "new industrial revolution". But it must be coupled with a monetary system which cannot be "gamed" by its keepers. Here is a simple observation which has stood the test of time. It is one of my father's quotes, that stuck with me for some 40 years. I've yet to see it fail: "Manufacturing and construction are the only things that produce lasting wealth. Everything else just re-arranges the money." Like it or not, that is how this plane of existence works. What, how, and how responsibly this is done, can be argued over for the betterment of as many as possible, but that basic principal doesn't change. The nature of "what" is manufactured changes over time, but the basic principle is the same, be it hammers, saws, or software. Until we return to the basics of turning head, hands, and a bit of dust into something of more value than we started with, we are just fooling ourselves. Lastly, until we have a fair means of exchanging said bounty, we do it for naught. For that I will leave the explaining to a very down to earth guy by the name of Gary North. Coincidentally he has been writing on this in a series of articles, and this one: Part 9 is all about just how to fix, what's busted about that. Thank you, I'll be here all week Fred __________________ "Life IS mystical! It's just that we're used to it" Evil cannot be killed. Only redeemed. Chat us up at: Avalon Chat Last edited by Fredkc; 10-25-2009 at 07:33 PM.