Icelanders Overthrow Government and Rewrite Constitution After Banking Fraud-No Word From US Media

[jtuck004]

86. Buncha people beatin drums in the street and whining about how things are ain't gonna cut it.

What's the plan?

What, specifically, needs to be done? Investment in people, in education, in infrastructure? Nobody has a freakin' clue. They don't know enough. No one is seriously contemplating a country with no growth, because they can't even conceptualize it yet. We have never had to be that in our history, but all the places and things and people we used to exploit are no longer dependent on us. Where, then, do we find someone to screw over, except ourselves?

The consumers are 70% of this economy, and they have no money to spend that isn't borrowed. The job growth, as pitiful as it is, is very little more than an increase in people who serve hamburgers or make beds in motels which reflects the increase in our population from births and immigration.

We are doing relatively little to move ourselves into the future, while other countries are constantly investing in theirs. One example - we have people on one side jumping up and down about Mexicans flooding across the border illegally even though our experience is that they will help us become a stronger country as they get employed. On the other side are people jumping up and down to legalize immigration, even though the CBO says it is going to increase unemployment for a decade. In the meantime, however, Mexico and business people are investing in the education of people who live there, even paying people there to go to school so they can hire them. On this side we have taken schools, like Berkeley, for instance, where the tuition used to be free, and raised it to $14K a year, and in so doing have amassed nearly a trillion dollars in debt for students that will follow them to their graves, since only 50% are being hired in a job market where there are 3 people for every opening. Walmart opens the doors for 600 jobs and gets 26,000 applications, and we know massive numbers of their employees can only work there if the rest of us pay for their food, a subsidy to Walmart.

The job market is such that if one is 50 and unemployed, they are likely not going to see enough money to have any disposable income or savings, and will have to struggle until, and if, they can get to 62 where they have to take a smaller piece of their Social Security and will nothing else in the bank for retirement. And at that point they will live in poverty for the rest of their lives. And that is going to be the story for tens of millions of people.

Meanwhile we are paying criminals at the banks $85 billion a month, and they are letting that pile up at the Fed while we pay them interest on it, and they reported record earnings this year.

Wtf?

Both parties are destroying what was, and the most vociferous and radical cheerleaders for each side are driving the bus back and forth across the road like drunken sailors, over the top of everyone else.

Lets say some magic dust falls on everyone's heads and they get a clue - what is the plan for taking an economy which used to be based on growth and moving it forward based on no growth. None, relatively speaking. We are a net debtor to the rest of the world. We are spending time pawing at the shiny stuff like our national debt, when what we ought to be literally screaming about is the trade imbalance. To fix that is going to require at least 30-50 trillion dollars, just to get us back even with where we were 10 or 15 years ago. It would be a decade or more before we could even hope to make progress toward that, and that is if we started today. But it's not even on the table.

We are literally moving backwards for the first time in this country's history, with no foundation at all, and I think the majority of our 300+ million people simply refuse to acknowledge what is in front of their face. We have been floating this country on loans and borrowed money while the wealthy sell off our assets since roughly 1980, and when this little financial mirage that we have been running on debt comes apart, so will we.

I think it is already game over, and no one wants to realize that there may be nothing we can do to stop it. We are just waiting on the precipitating event, whatever that may be, and then...

But I may be too optimistic