On May 15, 6:02*am, Gary Forbis wrote:
On May 15, 5:27*am, wrote:

The late, great Milton Friedmanhttp://www.ideachannel.tv/
in his classic book prophetically revealed how 0baMa0's reckless
monetary policies will cause hyperinflation and destroy our nation
https://www.newsmaxstore.com/nm_mag/...MO_CODE=7FD4-1

Milton Freidman coined the phrase "there's no such thing as a free
lunch."
I live by that phrase. *Milton Friedman's other philosophies screwed
up
several economies. *People are worried about hyperinflationhttp://catalog.usmint.gov/webapp/wcs/stores/servlet/CategoryDisplay?c...

* *Production of United States Mint American Eagle Gold Proof
* *and Uncirculated Coins has been temporarily suspended because
* *of unprecedented demand for American Eagle Gold Bullion Coins.

Bush's administration more than doubled the money base during
his last year in office. *Production didn't double, infact the economy
was contracting. *I wonder where the money is going that we don't
already have huge inflation. *None the less, I don't blame Obama
for this problem. *Government spending itself doesn't cause inflation.
Inflation is too much money chasing too few goods. *If the money
isn't chasing the goods there won't be inflation.

US productive capacity has been sidelined. *It's being dismantled.
There isn't enough money in the system to support our production.
As long as we are in a global system where other nations do not
value their labor our labor will be devalued. *There's no free lunch.

We are becoming a third world nation. *The Reagan era is ending.

- Milton Friedman was wrong about just about
- everything except
- there is no free lunch.

but, But. BUT ! Prez Obama Promised Us A Free Lunch . . .
* Lower Taxes for the Poor
* Higher Taxes for the Rich
* Free Health Care for All
* More {Union} Jobs for Everyone
* People Around the World will Love and
Respect America Again

of Hot Air Sandwiches and Cold Reality Beer ~ RHF

On May 15, 7:58*am, Gary Forbis wrote:
On May 15, 7:27*am, wrote:

*free trade is dead, its dying as we speak, yet, the g-20 just meet,
got down on their hands and knee's, and are still barking and braying
about the wonders of the free market, and pledging themselves openly
to adhere to the religion, simply amazing.

- After all that has happened I still believe
- we are best served by free trade in fair markets.

? Fair Markets ?

Is China a 'Fair Market ?
And do we the USA Free and Open Access
to to Sell into the Chinese Market ?

-*Our economic and military safety is best served
- by shared interests of the masses and control of
- the power elite in every nation.

? control of the power elite ?

Control -by- The Power Elite ?

Control -of- The Power Elite ?

- In my younger years I underestimated the
- impacts of cultural norms and the time it
- takes to change them.

? Cultural Norms ? & "Change"

Without Revolutionary Change about Three
Generations which is roughly 60 Years or
more for a Society to significantly 'change'
Its' Cultural Norms. .

*I wonder how many really hear
Obama's UofA speech, especially the parts about standards of success.
I wonder how many around the world dream of one day becoming the
oppressor rather than the opressed, not thinking about the alternative
where none are oppressed.

The Leadership of the Power Elite
-=versus=-
The Dictatorship of the Masses

- I still think that when China come fully on line
- things will start getting better even if there are
- other holdouts.

? China comes Fully On-Line ?

The Internet ? -or- Globally ?

-*The problem is to find a way to bring them on
- line without destroying the habitat for humans.

Chine will do it better than the USA because the
Chinese will have built many more Newer & Cleaner
Coal Fired Electric Power Plants the The USA
which will build Zero because of the Environmental
Road Block in the USA..

On May 15, 8:06*am, wrote:
On Fri, 15 May 2009 07:27:35 -0700 (PDT), wrote:
- - correct, you cannot ignore the destruction of wages because you
are
- - competing with slave and sweatshop labor, on top of all of the
- - environmental destruction. sooner or later the wage destruction
will
- - come home to roost and demand plunges.

- Unless you do tariffs.

Import Tariffs are the quickest way to a Global Depression.

On May 15, 8:16*am, "(¯`·.¸Craig Chilton¸.·´¯) •• WHY be Unemployed?
www.LayoffRemedy.com ••" wrote:
On Fri, 15 May 2009 05:27:33 -0700 (PDT),

wrote:
- - Friedman Predicts the Destruction of the Dollar

- *Actually, it would be NEAT if the world could adopt
- ONE universal, planetwide currency. *Hopefully soon!

First the New World Wide Global Currency won't
be the US Dollar.

Second with the Adoption of a New World Wide
Global Currency the US Dollar will be worth about
Five Cents [5¢] in about 3-Years :

Then indeed {in-fact} the USA will be a Third World
Country with nothing to Sell on the World Market
except Food {Agricultural Goods} .

Americans will be Starving while America's Agricultural
Products are Sold around the World to Nations with
the New World Wide Global Currency to Pay the Price
for them.

Grown in America -will-replace- Made in America

Migration from America will become the Norm
for those with enough New World Wide Global
Currency to pay for the move to a better place
to live.

On May 15, 9:02*am, Gary Forbis wrote:
On May 15, 5:27*am, wrote:

The late, great Milton Friedmanhttp://www.ideachannel.tv/
in his classic book prophetically revealed how 0baMa0's reckless
monetary policies will cause hyperinflation and destroy our nation
https://www.newsmaxstore.com/nm_mag/...MO_CODE=7FD4-1

Milton Freidman coined the phrase "there's no such thing as a free
lunch."
I live by that phrase. *Milton Friedman's other philosophies screwed
up
several economies. *People are worried about

But, since it's mostly 19th Century media people who live by such
jingo philosophy,
rather than modern computer and technology people, that's also why
GPS, Digital Terrain Mapping, Holographics, MP3, MPEG, XML, Fiber
Optics,
Cell Phones, Optical Computers, Distributed Processing, On-Line
Publishing,
USB, Thermo-Electric Cooling, and Self-Replicating Machines where
built for the spoon
benders who think there is no such thing as a free lunch






hyperinflationhttp://catalog.usmint.gov/webapp/wcs/stores/servlet/CategoryDisplay?c...

* *Production of United States Mint American Eagle Gold Proof
* *and Uncirculated Coins has been temporarily suspended because
* *of unprecedented demand for American Eagle Gold Bullion Coins.

Bush's administration more than doubled the money base during
his last year in office. *Production didn't double, infact the economy
was contracting. *I wonder where the money is going that we don't
already have huge inflation. *None the less, I don't blame Obama
for this problem. *Government spending itself doesn't cause inflation.
Inflation is too much money chasing too few goods. *If the money
isn't chasing the goods there won't be inflation.

US productive capacity has been sidelined. *It's being dismantled.
There isn't enough money in the system to support our production.
As long as we are in a global system where other nations do not
value their labor our labor will be devalued. *There's no free lunch.

We are becoming a third world nation. *The Reagan era is ending.
Milton Friedman was wrong about just about everything except
there is no free lunch.

On May 15, 3:19*pm, "
wrote:
On May 15, 9:02*am, Gary Forbis wrote:
Milton Freidman coined the phrase "there's no such thing as a free
lunch." I live by that phrase. Milton Friedman's other philosophies
screwed up several economies. *

* But, since it's mostly 19th Century media people who live by such
jingo philosophy, rather than modern computer and technology
* people, that's also why GPS, Digital Terrain Mapping,
Holographics, *MP3, MPEG, XML, Fiber Optics, Cell Phones,
* Optical Computers, Distributed Processing, On-Line Publishing,
* USB, Thermo-Electric Cooling, and Self-Replicating Machines where
built for the spoon benders who think there is no such thing as
* a free lunch

Even the people building these things know there's no such thing
as a free lunch. They use the term enthropy to identify the concept.
None the less we still have air conditioners and heat pumps. Some
silly people might only have a focus inside their air conditioned room
and think "Yup, there is too a free lunch. It's hot out there and
cool
in here and yet I can make it colder by turning this dial."

On May 15, 9:02*am, "~ RHF" wrote:
On May 15, 8:06*am, wrote: On Fri, 15 May 2009 07:27:35 -0700 (PDT), wrote:

- - correct, you cannot ignore the destruction of wages because you
are
- - competing with slave and sweatshop labor, on top of all of the
- - environmental destruction. sooner or later the wage destruction
will
- - come home to roost and demand plunges.

- Unless you do tariffs.

Import Tariffs are the quickest way to a Global Depression.
*.

I have no problem with tariffs used to make trade fair. In order
to make sure they are used in that way the tariffs need to be
used to mitigate the reason for their application in the nation
agaisnt which they are applied.

On May 15, 7:27*am, wrote:
The late, great Milton Friedmanhttp://www.ideachannel.tv/
in his classic book prophetically revealed how 0baMa0's reckless
monetary policies will cause hyperinflation and destroy our nationhttps://www.newsmaxstore.com/nm_mag/free_mischief.cfm?PROMO_CODE=7FD4-1

WOW! Reading the imbicilic responses in this thread only reinforces
where our economy is headed. Fair Warning - 0baMa0's old "New Deal"
will make this reccession run deeper and will last far longer than
anyone had anticipated.

Good luck people! Your children will certainly need far more than
luck. They will be forced to learn the hardest way of all - through
death and destruction while on the Socialist's Road to Serfdom.

Remember this little boys and girls, from the experiences of a very
old, old world man, Gold is King under the grip of Liberal Fascist
Socialists everywhere. The Gold will get you into and out of any
country you choose to reside. Better than any passport. Finally -
teach your children well - Home School!

Every Free Man for himself - see you on the "other side" - CIAO!

wrote in message
...

...

These new emerging findings are blowing common economic thought out of
the water. People are not rational and do not pursue their best
interests. They can be and are manipulated against their own economic
interests.

Case in point, poor people who vote Republican.

Jim

On May 15, 5:47*pm, "Clave"
wrote:
wrote in message

...

...

These new emerging findings are blowing common economic thought out of
the water. People are not rational and do not pursue their best
interests. They can be and are manipulated against their own economic
interests.

Case in point, poor people who vote Republican.

I don't consider that a free lunch. The poor pay
heavily for their acts in voting Republican.