gold/silver

[Beep]

Take a note of your friends, neighbors and family member's jobs (in the US). I will rattle mine off here. An IRS worker, retired air force, railroad logistics guy, local utility project manager, city street repair person, city clerical, a federal employee, a retired army guy, telecommunications manager, hospital patient care worker, and banker. Yours will look similar. Nothing but service jobs to service one another.

Now, look around you in your house right now at every object and think of where it is being made.

Look at the US shipping ports. There are large carriers packed with boxcars of imported goods. What do they leave with? printed paper currency.

Our economy cannot continue with US borrowing money from other countries so we can simply service each other. Our whole economy is based on providing services to one another, and you can see we reached the tip of the iceberg here, and its so easy to punch holes though.

It amazes me in the news, when they say the US economy is doing well, they always show people swiping their CC, but when they show a foreign country doing well, they show people working their tails off in the factories.

Once the effect hits with the currency crisis (from my previous post) and the dollar is worth less and less, those manufacturing countries will began to service their own populations which are growing at a massive rate and not longer ship to the US.

At that point boys, without a manufacturing base, and a conservative estimate is to get our factory base up and running and competitive, with reasonable labor cost, will take at least 20 to 30 years, things here are going to get VERY VERY expensive, especially with the flood of US dollars avail to service our debt.

Point is, hold something of value and prepare yourself now. Economics is the study of common sense, it's right there in front of your face, and very easy to understand.

I enjoy the conversation.

[Romanowski]

sorry but economics is not simple, and apprently its too complex for you

there is plenty of technology engineered, and designed here

yet manufactured elsewhere, in fact the highest form of technology is



this protects your currency, but the technology designed here isnt limited to military

next step is free energy

again not saying gold is a bad investment, its a hedge against inflation, nothing more

[MCP313]

I might not be the brightest person around but why is America wasting $$ on overseas interests?

Secondly why do people/corporations who make more monbey have a problem paying more in taxes? The more you make shouldnt you happily pay more in taxes? Arent taxes a good thing if properly spent?

Thirdly why dont we invest in America more....foreign interests do nothing for me and the amounts spent abroad protecting these interests are astronomical.

Am I the only one who thinks America is catering to the minority these days while most folks are getting buried? Im not an economist nor do I claim to be one but arent things getting worse and worse for the average folks by the day?

Gold & Silver huh......

[MCP313]

Originally Posted by Romanowski

sorry but economics is not simple, and apprently its too complex for you

there is plenty of technology engineered, and designed here

yet manufactured elsewhere, in fact the highest form of technology is



this protects your currency, but the technology designed here isnt limited to military

next step is free energy

again not saying gold is a bad investment, its a hedge against inflation, nothing more

What is free energy exactly?

[Romanowski]

nothing is free, but I meant more efficient, could be solar, wind, whatever

eventually its cost will be cheaper than oil, coal, etc...

also to poster beep, I understand, what youre saying, but your positions are extreme

of course there are a lot of service jobs, but youre ignoring a lot technology that is innovated here as well

[Beep]

Hey fellas,

Getting a little off topic but that's ok.

Romo--

"Free Energy" is very expensive. T Boone Pickens gave up on his huge wind energy project. A neighbor of mine in his nineties told be he had electricity in his home powered by wind in the 1920s, solar has been around for decades, batteries, electric energy etc.

You can read everything you want or listen to the BS, but nothing in the next TWENTY years is going to be more efficient to the masses as natural gas and oil. In a hundred years who knows??? If all that was more efficient, the technology has been there for decades, and everyone would be using it. If so, then go retro fit your homes to be powered on battery, wind and solar, and even more try to sell everyone else on it. This is no new breakthrough, its been around for decades. Even new houses are not designed with wind, solar, battery yet, at most you find a electric heat pump (and they don't heat your house very well, i know) I'm not buying this alternative energy movement, its all recycled propaganda, turn back the clock 30 years same story, different time.

Technological advances have been great especially in drugs, mapping of the human genome etc. The advances in computers and databases have led to great strides in productivity over a generation now. Like you said though, it's all manufactured overseas, and how many Americans out of the overall percentage of American jobs are employees in these technological design areas? I agree though, the competitive market for electronics has kept TVs and computers prices in check and productivity high. Having said that, I don't think that is going to save us, from 12 trillion is debt.

Mr Pimp-

The country was based on small government and low taxes, that's what got us here. The problem is, if you tax business, they will incorporate outside the US and take the jobs with them, or just move the bulk manufacturing jobs like whats already happened. It's so bad they outsource the low paying customer service jobs, which is why when you make a service call you can't understand the person on the other end of the line.

If you're union and demand higher wages then a global market rate, those jobs are usually gone. If you keep manufacturing jobs here, you can't compete globally, your sunk and out of business. For individuals, look at what's happened in NJ and how much revenue they lost when they taxes high income, everyone moved to other states, well its the same for business only they move the jobs overseas.

I agree with you is your talking foreign interest about the two wars we are in. Saddam and the Tailban didn't attack us, yet we wasted so much borrowed money fighting these wars and in the end it won't make a damn bit of difference. The Tailban don't even care about the US as along as they can harvest opium and Saddam was more pro American then the radicals he was trying to keep under control.

Ok way off topic now.

Buy metals boys or whatever will hold value and is easy to store

Again, nice talking to you guys. Good luck on your wagers.

Go Blackhawks tonight, cracked my first brew!