Comments on: Downsizing America http://dailyreckoning.com/downsizing-america/ Economic News, Markets Commentary, Gold, Oil and Investing Strategies. Sat, 26 May 2012 16:52:11 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: JOHN http://dailyreckoning.com/downsizing-america/#comment-5876 JOHN Fri, 17 Apr 2009 21:13:32 +0000 http://dailyreckoning.com/?p=13490#comment-5876 I WAS BORN DURING THE GREAT DEPRESSION AND WE ATE DANDELION SOUP WITH BOILED CHICKEN FEET. WE PICKED UP CIGARETTE FOIL TO TRADE IN TO THE MEAT MARKET FOR MONEY FOR BEEF LIVER. THE ONLY SAVED US FROM AN ALL OUT SHOOTING WAR ON THE STREETS WAS THE BEGINING OF WORLD WAR TWO AND THE DRAFT THAT GAVE EVERYONE A PLACE TO SLEEP AND THREE MEALS A DAY. WE ARE RUNNING ON SURPLUS NOW........BEWARE WHEN THE SURPLUS RUNS OUT. I WAS BORN DURING THE GREAT DEPRESSION AND WE ATE DANDELION SOUP WITH BOILED CHICKEN FEET. WE PICKED UP CIGARETTE FOIL TO TRADE IN TO THE MEAT MARKET FOR MONEY FOR BEEF LIVER. THE ONLY SAVED US FROM AN ALL OUT SHOOTING WAR ON THE STREETS WAS THE BEGINING OF WORLD WAR TWO AND THE DRAFT THAT GAVE EVERYONE A PLACE TO SLEEP AND THREE MEALS A DAY. WE ARE RUNNING ON SURPLUS NOW……..BEWARE WHEN THE SURPLUS RUNS OUT.

]]> By: JOHN http://dailyreckoning.com/downsizing-america/#comment-5875 JOHN Fri, 17 Apr 2009 21:09:55 +0000 http://dailyreckoning.com/?p=13490#comment-5875 I AM SUSPICIOUS THAT YOUR COMMENTS ARE TOO GENTLE OR CONSERVATIVE. WHEN THE GUNS COME OUT AND THE BLOOD RUNS IN THE STREETS, THEN YOU WILL KNOW WHAT A REAL DEPRESSION IS ALL ABOUT. NITROMAN I AM SUSPICIOUS THAT YOUR COMMENTS ARE TOO GENTLE OR CONSERVATIVE. WHEN THE GUNS COME OUT AND THE BLOOD RUNS IN THE STREETS, THEN YOU WILL KNOW WHAT A REAL DEPRESSION IS ALL ABOUT. NITROMAN

]]> By: tony bonn http://dailyreckoning.com/downsizing-america/#comment-3267 tony bonn Tue, 24 Mar 2009 20:51:05 +0000 http://dailyreckoning.com/?p=13490#comment-3267 this is good but not surprising....in particular those who have paid attention to shadow government statistics knew that the economy has been contracting since 2000 with only one or two quarters of microscopic growth over the period....that's an amazing 9 years of virtually un-interrupted economic shrinkage..... the shift from consumption to savings is certainly good but this underscores a thesis to which i became a convert and that is capital destruction has been rampant in america since 1971....it accelerated with the congressionally mandated loans to unqualified borrowers and is still not over because the derivatives cancer has not and will not be excised....it will die when its hosts die....the tax payer will be left with trillions and trillions of dollars of debt to pay for mismanaged and criminally run banking enterprises.... shrinking jobs, income, asset values will continue apace especially with the government intervening to prevent these things running their natural courses.... the debasement of the currency will impede capital repair as will the continued state run economic policies of the fed and government... we have followed the japanese and can expect 20 years of quagmire living and falling economic status...and this is what all of those expensive university endowments bought us..... america is downsizing....where is dave when you need him? this is good but not surprising….in particular those who have paid attention to shadow government statistics knew that the economy has been contracting since 2000 with only one or two quarters of microscopic growth over the period….that’s an amazing 9 years of virtually un-interrupted economic shrinkage…..

the shift from consumption to savings is certainly good but this underscores a thesis to which i became a convert and that is capital destruction has been rampant in america since 1971….it accelerated with the congressionally mandated loans to unqualified borrowers and is still not over because the derivatives cancer has not and will not be excised….it will die when its hosts die….the tax payer will be left with trillions and trillions of dollars of debt to pay for mismanaged and criminally run banking enterprises….

shrinking jobs, income, asset values will continue apace especially with the government intervening to prevent these things running their natural courses….

the debasement of the currency will impede capital repair as will the continued state run economic policies of the fed and government…

we have followed the japanese and can expect 20 years of quagmire living and falling economic status…and this is what all of those expensive university endowments bought us…..

america is downsizing….where is dave when you need him?

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