olegig wrote:
Humm, I see you picked the first, most liberals know nothing about the second and care little about the third.
But the first option, that one always pushes a liberal's buttons.
As "you know it or should" there is a growing gulf(a Biblical term for gap FYI) between the rich and the rest of us today. This is not a new thing because there has always been the two groups, however the part about it growing is new.
I say not a new thing when viewed on the macro level because there were certainly rich folks in the 1800's, but what's different today?
Today the rich are getting richer by investing while in the 1800's they became rich by producing.
But what's the difference you might ask? Glad you asked.
The gold standard is the difference. When our currency was based on gold a man could put $1,000 in the bank, wait 5 yrs, draw an equatable interest, take the $1,000 and buy the same amount of goods as he could have when the money was placed in savings.
As"you know it or should" those were days when saving made sense. But not today! Today it's much smarter to buy today and pay off latter with inflated dollars.
But what about the rich over this long period of time (macro)? They used to get rich by producing which increased employment. Remember the old saying "a rising tide lifts all ships", but not now. They are getting rich by playing the game better.
Which game? Awh again thanks for asking. The game of getting the biggest portion of govt printed money. They roll it into the stock mkt, rather than paying higher wages, they build elaborate pension funds encouraging others to invest in these funds.
The rich move their big handout into hard assets, the poor feed the kids. Remember the old adage about he who owns the gold.... The rich are suppressing hard asset mkts so they can stock up using the dollars they win by playing the game.. But sorry you didn't wish to speak on that topic.
So where are we now? We're all trying to make ends meet with more and more dollars which are worth less and less. (In another post I show how a pre-64 quarter used to buy a gallon of gas and it still will having a value of around $5.00)
As you know it or should Rome was brought down because it debased the coins paid to their soldiers, no difference today.
I do believe the old saying "the only thing man learns from history is that man doesn't learn from history."
I'm quiet sure you will come up with a few of your other causes that I should know about, but when you peel the onion layers of history and economics, currency debasement is always at the core.
Humm, I see you picked the first, most liberals kn... (
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You should not assume anything about me. But you will know a little more about me by the end of this post.
I do see your points. You are more knowledgeable about money. I will totally agree and add that the love of money by some, the acquisition of it at the expense of others is a good premise for the downfall of our nation.
In addition, our newly "woke" officials have decided to enable those who feel entitled to enslave the "now" and the "future" of those that they consider "slaves," "peons," "working or middle class" and the "poor" by demanding that these people fund their "enlightened" agendas.
So, I'll add this.
It is not as simple as an "only one cause" issue and you know it or you should.
The decline of morals.
Sex without commitment.
Enabling government overruling of parental rights.
Enabling sex with non-adults.
One parent homes.
The lack of accountability.
The lack of financial support for children by one or more of their parents.
Enabling government over-ruling parental rights.
Government rewarding irresponsible fiscal responsibility.
Government officials lacking fiscal responsibility.
The passage of laws without our representatives even reading the bills or having the backbone to stand up for what is right for American citizens.
Over-reaching power allowed to government bodies, appointed bodies, committees, and judges.
Executive orders going unchallenged to push any party's agenda.
Trying to bribe loyalty by giving handouts.
Hum, I could go on. It's our declining moral fiber, our deliberate turning away from fiscal responsibility, it is allowing evil to flourish with the gleeful applause of those who want something for nothing.
Want to call me a liberal. I don't think so. Want to call me a conservative--partly right. However, I'm unaffiliated. I'm one of those poor unfortunates who straddle the fence--trying to look at all sides of the picture. I realize there are two sides to every argument, and then there is a compromise that should meet in the middle.
The things going on in our government right now are not fiscally viable. Our nation is not tightening its belt. It is proclaiming changes for the sake of change without taking care of real problems that exist in our nation. We want to throw money at everything as if that will solve problems that we ourselves are creating.
If we were bathing a child, we are bolding proclaiming, "throw out the bathwater." "We'll find a new way to do this." One problem, the baby was in the water. Uncle Sam slipped and fell on the steps throwing the water out. Don't look now, but I think he broke his back? What about the baby? Well, it died. Stomped by the peaceful mobs world-wide that are hollering, "I want, give me!"