Quote:
Originally Posted by Edward Anglin
You know, I'm used to the mockers Pel. Get in line.
I remember talking (on AFF) about a coming recession a year and a half ago, and getting laughed to scorn.
This is reality, Pel. Get used to it.
America as we knew it is already gone.
I have no idea if the "world is going to end" and I haven't brought prophecy into this discussion at all. You have assumed entirely too much.
Is Warren Buffet a "doom and gloomer?" George Soros? Ted Turner?
Every single government agency that deals in economics paints a "doom and gloom" picture for years to come.
Only a fool or insane person ignores reality, and refuses to prepare for his future.
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I'm not mocking EA, and you are correct about "fools." And eventually, there will be an eschaton - even if just an end to the good ol' USA.
The thing is - we can do somethings to mitigate the effects of the natural turn downs in the business cycles. For example, putting a tighter reign on debt and our free spending ways. Brother Griffin has pointed out two big shoes that may drop on our heads soon related to this.
Another thing we can do is to stop cooking the books. That way when the down turns come we don't have to add a lot of our "evangelistic accounting" to the write downs and deepen the slide.
Hyperinflation can be easily avoided by just turning down the output from the Federal mints. The many other factors are just the piper demanding payment. He held off the rats for us, now he wants our children.
The only real answer is freedom and responsibility. Freedom will allow us to grow our economy, and responsibility will make certain that it's a healthy and balanced economy.
And yes, Buffett, Soros and Turner are "doom and gloomers." Each has a long record of that, especially Turner.
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