Q: How Can We Feed The World For A Generation?
Posted by cnnek at 04:30, 02 Oct 2008A: With The Pork In The New Revised Economic Recovery (Bailout) Plan.
Once again, the U.S. Congress has managed to make a bad plan worse. How did they manage to do this? They reverted to the old fashioned way of getting votes, Buying Them With Pork!
This financial crisis is the result of a much deeper economic problems. The drop in the housing market, the credit crunch, and the resulting liquidity crisis are just outward manifestations of deeper economic problems. I don't want to write a book on TDG about why the origional Economic Recovery (Bailout) Plan wouldn't work and the new one is worse. But, I will give three reasons, not the only reasons.
1} The origional Economic Recovery (Bailout) Plan did not address the deeper economic problems that need to be solved; but instead, it covered them up with legislative cosmetics. There isn't a make-up artist in the world who can do a better make-up job than the U.S. Congress did!
2) The assets that the Treasury Department plans to buy are between very difficult and impossible to value. So, the Treasury Department will almost certainly over pay for them, and many of them will almost certainly be worthless or next to worthless. Furthermore, the U.S. Economy will still come down; because, nothing is being done to solve the problems. Political survival is more important. Some private citizens, however, are trying to deal with the real problems, i.e. George Soros and Warren Buffett.
3) The above can also be said for the New Revised Economic Recovery (Bailout) Plan. But, it's worse. Besides the fact that most of the pork in it has nothing to do with economic recovery, it will cost the tax payers atleast another $20,000,000,000. I admit that there are some short term benefits for the middle class and the lower class, and I'm happy that they are getting them. But, the U.S. Economy will still fail and everybody will lose everything in the long run! And, this is not my idea of what an economic recovery plan!!!!!!
Doing it their way, in my opinion, the U.S. Government is going to end up spending about $3,000,000,000,000 to bring down the U.S. Economy in five years or less.
Bookmark/Search this post with
- cnnek's blog
- Login or register to post comments
Comments
22 December 2007
3 weeks 1 day
Some damn body has a stranglehold over humanity and it appears to be the same names and faces that have been recurring in American history since the inception of our Republic and throughout the world; a bloodline of powerful invisible rulers of Dynastic families that have been inspired by greed and the accumulation of wealth by any means necessary seems to always be front and center in this debate.
Sir I like what you are saying but you can not get a handle on this thing unless you go to the root. These artificial crises are created. The United States Congress takes its orders and marching instructions from the Central Banks. The Federal Reserve does not answer to the US Congress nor to the US President.
We are dealing with superficial reasoning, but here is the Question, who called the debt in? And why are we dealing with nicely written and spoken semantics. No, is not about writing a book, but it is about defining the argument beyond the superficial.
Senator Obama or McCain can not resolve this economic issue unless these powerful Dynastic Families give them the approval. Imagine a bailout for the Money Changers—I need little more meat and potatoes (NOT PORK when discussing this type topic).
Yes, this post is a start, but the problem is a little more complex than what you are presenting. I have written a number of pieces recently "The Pawns in the Game" and None Dare Call it Conspiracy" and even my research is just scratching the surface.
Stay Awake Until We Meet Again,
Fahim A. Knight-EL
11 March 2008
2 years 28 weeks
Hello Fahim
I beg to differ whoevers president cant do a thing without approval.. i know if i were..id have all those families arrested (militairy job)..put on trial, freeze and then confiscate all their assets, nationalise the FED and smoke a cigar.....oh and yes i'd demand cooperation in extraditing these thugs from London and Paris to Washington...or threaten to send in special ops. Now thats what id call positive action...and the world after initial shock will rejoice from the relief of the murderous stranglehold being lifted.
The Love That You Withhold, Is The Pain That You Carry
28 June 2006
2 days 9 hours
Fahim,
There is no all encompusing grand conspiracy to control the world. But, there are many groups, i.e. families like the Rothschilds or Morgans and institutions like the Christian Church or Mensa, that would love to control the world. To this end, they play king of the hill with each other. Sometimes, some groups work together to oppose another group or other groups. Furthermore, these groups use people like us as pawns in their games of king of the hill. If there was a grand conspiracy, as you seem to think, then the conspirators would want a peaceful world that was safe and economically stable, so that, they could lead the people around like sheep. On the other hand, groups playing king of the hill would want instablity in order to turn people against other groups. In the present situation, it would seem that groups opposed to the policies of the Republicans in general and President George W. Bush in specific along with groups supporting the Democrats in general and Senator Obama in specific have gained the upper hand. But, all of the groups in this game of king of the hill have out smarted themselves by allowed greedy incompetent managers and greedy dishonest managers to perpetrate this economic mess. The present situation doesn't help anyone or any group!
As I stated in my post, I was not going to give all of my reasons for my opinion. And, I'm not going to do it here either. The truth is that allowing the U.S. economy to degenerate to the extent that it has degenerated has required a degree of utter stupidity beyond anything that I can possibly immagine. But, it is basically the result of incompetence, malace, and greed. The "Bailout" legislation is nothing but an attempt to cover-up the mess and save face. Furthermore, the pork in it will probably help quell the masses. But, in my opinion, it will fail miserably.
What do you think?
cnnek
{You Can Teach People How To Think Or What To Think; But, You Can't Do Both! It Is Better To Teach People How To Think!!!}
22 December 2007
3 weeks 1 day
Thank you for your reply. Thus, I definitely saw some of your points and there were others that I disagreed with. I do think you totally understand the problem and I detect a very high level of intelligence and astuteness. Some times we find ourselves fighting with people and not taking the time to perhaps realize you might share more in common than what you disagree on. I was contemplating on how I wanted to approach this as far as my response. I decided to write another blog titled "Money Has No Value, People Do: The Bailout; the Rothschilds Said Give it Up." Thus, I will let that serve as my official response. Please let me know what you think and we might still disagree on some points, but I felt it necessary to give an in depth analysis from my perspective.
STAY AWAKE UNTIL WE MEET AGAIN,
Fahim A. Knight-EL
12 April 2007
52 min 42 sec
For me, an Economy layman —at best— this bailout plan is the lesser of two evils. I think it will not resolve the crisis, but will give the American society a much needed respite.
What to do with the borrowed time? Get the Hell out of Iraq, for starters!
Also stop spending so much in Defense research, and start spending more in the Space industry. People like SpaceX Elon Musk and Jeff Bezos have the right idea: the private space industry could enable America to keep its leading place in the world. America would start making things other than movies and reality-TV shows, and that is a good thing.
-----
It's not the depth of the rabbit hole that bugs me...
It's all the rabbit SH*T you stumble over on your way down!!!
Red Pill Junkie
22 December 2007
3 weeks 1 day
William Cooper in his monumental treatise titled, “Behold A Pale Horse” stated, “Through ignorance or misplaced trust we as a people have abdicated our role as the watchdog of our government. Our government was founded ‘of the people, for the people, by the people.’ There was no mention or intent ever to abdicate our role and place our total trust in a handful of men who meet secretly to decide our fate. In fact, the structure of our government was designed to prevent that from ever happening. If we had done our jobs as Citizens we would never have reached this point. Most of us are completely ignorant as to even the most basic functions of our government. We have truly become a nation of sheep—and sheep are always eventually led to slaughter. It is time to stand up in the manner of our forefathers and walk like men.”
Stay Awake Until We Meet Again,
Fahim A. Knight-EL
28 June 2006
2 days 9 hours
Red Pill,
Generally speaking, I agree with you. But, the problem is that the U.S. economy is almost certainly going to continue to degenerate. And, in the end, the U.S. is going to end-up being a bankrupt country with no money to spend on anything. Furthermore, if there is any money, rebuilding the infrastructure should be a top priority, along with, the suggestions that you made.
What do you think?
cnnek
{You Can Teach People How To Think Or What To Think; But, You Can't Do Both! It Is Better To Teach People How To Think!!!}
12 April 2007
52 min 42 sec
Oh, yes! Infrastructure is paramount; the news of last year of a bridge collapsing was appalling.
Problem is, most politicians don't like to invest in repairing the existing infrastructure, because that's not notorious enough. People don't pay much attention to the infrastructure... until it fails.
I read in Wired magazine the story of Shai Agassi, a very young and energetic entrepeneur who wants to change the world by bringing affordable electric cars to the masses. The first country to implement his ideas —and build a new infrastructure to service the electric cars—will be Israel by 2010-11; but in Hawaii they are particularly interested too.
-----
It's not the depth of the rabbit hole that bugs me...
It's all the rabbit SH*T you stumble over on your way down!!!
Red Pill Junkie
22 November 2004
2 weeks 14 hours
True, building infrastructure and keeping it going is necessary. And it has been neglected in the US and many western countries. There are two big reasons for this, and I am sure many other reasons. Here are the 2 big ones I mean:
- environmentalism highjacked by stupid people, bureaucrats and lawyers. An example of the stupid people are the NIMBY types, but there are many others. The result is that nothing gets done - everything is debated for decades first.
- voters. Most people vote pocket book. Short term pocket book that is. This does not seem related to the political left versus right, to environmentalism versus coal mining jobs, or anything else. Just money, this year.
About the collapse of the US, I don't see that happening so suddenly. I think part of these pessimistic views is wishful thinking - many people would love to see the US go away, with themselves being in fine shape and in more control. Problem is, Asia needs the US and Europe, without those markets Asia's economies would be in trouble. And what would the OPEC countries (and Russia) do if the US and Europe collapse as customers?
----
It is not how fast you go
it is when you get there.
28 June 2006
2 days 9 hours
Earthling,
Things have changed since the early 90's, and there have been preparations that have been made for this economic continuation. The present economic situation in the U.S. is not a suprise to quite a few people in this world. Furthermore, when the economy goes, the market goes. Although this is not as true for Western Europe, and some other areas in the world, we know how to rough it, and the luxury that many people in the U.S. and Western Europe confuse for necessity isn't as important to us. For example, I gave-up my Japanese driver's liscence in 1992. Why did I do this? In the area of Japan in which I live, there was no need for me to drive. There still isn't. My feet are made for walking, and there is plenty of public transportation. Most people in Japan with cars, about 90% of them, don't use them on a daily basis, unless they need them to drive to the train station when they live too far away to walk(over 1.5km. or 2km. away). Unless age, health, weather, transport of heavy objects,time, etc. are factors, to use transportation to go less than a kilometer or so is a disgrace over here.
The reality is that the U.S. is slowly becoming foreign owned. And, as the U.S. Dollar declines and the U.S. has to default on its sovereigtn debt, foreign aquisitions of U.S. companies will increase rapidly; because, the truth is that the U.S. has become far more dependent on the rest of the world than the rest of the world is on it. So, I anticipate a rather fast change in the way that things are. The result of this change, however, will be much better for both the world, and for the average person in the U.S..
What do you think?
cnnek
{You Can Teach People How To Think Or What To Think; But, You Can't Do Both! It Is Better To Teach People How To Think!!!}