"Califbill" wrote in message
...

wrote in message ...

On Wed, 10 Oct 2012 17:44:51 -0700, "Califbill"
wrote:

as the
government has taken all available credit money from the economy

Right idea, wrong bad guy.

Facts say that the money is held by the richest people, who are
sitting on the money and keeping it out of circulation.

The government has foolishly printed more money in an attempt to put
more money in the hands of those that will allow it to trickle up.
That won't work.

Until a sizable portion of that 85% of cash held by the richest is
returned to the middle class, the economy CAN NOT get any better.

It is just a mathematical fact.

http://wealthfacts.org/?page_id=44


----------------------------

I said the credit money. Want to start a business. Yup? Well see if
you
can get a loan. Those trillion dollar deficits are financed with the
available credit money. Very little to go to the lower echelon.
History is
sort of repeating in this country. 1912, 15% had 65% of the money.
65% of
the people lived in poverty. The Great Depression was caused by big
government and lack of controls. WW2 was both caused a lot by the
depression, but it was what got the USA out of the depression. WW2
also
made us the economic powerhouse for a lot of years, as most of the
rest of
the industrial world was in devastation. But with the elites in
power,
helping themselves to stay in power, and controlling government, just
like
now, the allowed companies to merge and build use powerful
conglomerates,
instead of spending their money on modernizing factories, they spent
it
buying competitors. Steel left the US as we both ran lower on iron
ore, and
had old inefficient Bessemer Process foundries. While those
devastated
countries rebuilt with US help with modern, more efficient factories.
And
while we controlled 85% of the manufacturing, the management kept
overpaying
the help, as their was not competition. Now we are paying the price.
60
million functional illiterates' in this country. How are we going to
compete? With a dumb, lazy workforce and old factories, and a huge
bloated
Federal and state government, with the inefficiencies of large
bureaucracies. We are screwed in this country. As we have an
electorate
who is voting for whomever promises the most gimmies. As to cash.
There is
a finite amount, and the richest probably do not have that much. They
have
assets. Gold, land, factories, banks.

---------------------------------------------------------

Add to the mix:

Many don't like to hear the "E" word, but unfortunately, it's a major
part of the equation.

Since 1960 Federal Government entitlement programs have grown by 727
percent. That's not a typo. 727 percent. The cost of benefits and
direct payments for federal entitlement programs continues to grow at
a rate of 4 percent per year. 50 percent of Americans now receive
some form of federal entitlement benefit or direct payment. Both of
the dominate political parties have had a hand in the growth of these
programs.

Note: This is in *addition* to things like Social Security payouts
which are not really an "entitlement" although some like to call it
that.

The Federal Government doesn't earn money to pay for these programs.
They distribute tax revenues ... or borrow money ... to pay for them.

If banks are reluctant to lend and big corporations are reluctant to
invest in expansion, you really can't expect people to voluntarily
give up earned wealth or pay additional taxes so that the politicians
in Washington can spend it on their favorite programs. It might be
nice to think they should but it's an unrealistic expectation.

We are at the point where a decision has to be made. Is this country
going to continue it's march towards socialism? Or, is it going to
strive to be the land of "equal opportunity"? My bet is on the
former.

To the liberals in the group: Don't waste your time beating me up
with the "got mine, screw you" routine. That's not what I am
talking about.
I am talking about a much more potent and powerful trend that this
country has been on and I think it's probably now too late to reverse
course.