On Nov 9, 12:55*pm, "Calif Bill" wrote:
"riverman" wrote in message

...
On Nov 9, 4:26 am, "Calif Bill" wrote:





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You realize that you are babbling, of course. I haven't heard such
stream-of-consciousness anxiety since my roommate in college got some
bad acid.

--riverman

WTF? Most of the posts here are babbling, and not a brook. And the anxiety
is real. Especially for my 30 something kids. Dem's and Repub's have had
an orgy of spending for years. Only thing that made Clinton's look OK was
the excess funds from the dot.bomb stock option money. Not from a real
robust economy. Both parties have caused the current economic meltdown.
And since the Dem's have had Congress the last ~2 years, they get to share
a
bigger part of the blame. Probably one of the best things we could do is
kill the Federal Reserve System. It has no reserves, controls the money
supply, and is not Federal. Lots of people made fortunes on the mortgage
debacle. Borrow money from the Fed at 3% and loan at 6% and sell the loan
to the government for 5% and pocket 1% for selling a loan. Then sell a
bunch of securities based on the underlying loan. That part is OK, but
selling securities 50 times on the same loan, should be cause for fraud
convictions and loss of all assets and jail time. And where did the Fed
get
it's 3% money to loan? They printed it. No assets underlying the money.
The hyper inflation we are looking at is going to hurt the younger people,
more than us old farts. We have less time here to be concerned about it..
Unless the younger generation decides to try us for theft from them and
then
line us up against the wall with a firing squad.- Hide quoted text -

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Look, the worst that can possibly happen is that Americans will have
to start living like the rest of the world; lower their standard of
living, learn how to farm for a household garden, grow some chickens,
drive less, have simpler tastes and habits, and actually learn to be
codependant on their neighbors. My friends in Maine who have
substinence farms, work with their hands, pay for things up front,
keep their cars running and ALWAYS make their (reasonably-sized)
mortgage payments have been almost untouched by this financial storm.
My friends in HK, who live life on credit, drive big cars and own
boats, airplanes and insist that they cannot survive on anything less
than the best have been shattered by it. Choose your poison.

--riverman

Not sure we really like to live like the rest of the world. *There are bad
living conditions out there. *HK and Maine excepting.- Hide quoted text -

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Well, you're talking to someone who has seen pretty much the very
worse living conditions there are, and I can tell you that the
liklihood of the US getting THAT bad is incredibly
slim....nonexistant, I'd say. But the likihood of our living standard
getting down to that of, say, central France, rural England or Denmark
is not only possible, but really not all that grim. Hell, a whole lot
of people STRIVE to live that way!

Look; what benefit is there in having an anxiety attack about the
future? Being a deer in the headlights leads to rather predictable
results. We just had an election where the country (and the world) is
infused with optimism and hope. Optimism probably has changed
economics more than anything else in history, so to worry endlessly
about things that have not yet happened is a fruitless and destructive
process. To try to sabotage the new presidency before it even gets off
the ground is even more fruitless and destructive. I cannot understand
the people who's logic runs in the vein of "Things are going to fall
apart, so let's destroy what hope we have!"

Your train of thought on this thread so far sounds like an anxiety
attack. Go for a walk, eat an apple, get some fresh air, and stop
worrying about the future. You can't have much effect on it in either
case, and you primarily have nothing to fear but fear itself. You can
quote me on that one.

--riverman