Marcus:
Now, how can we turn this around and make it a post relevant to this
board?
Your post is an important one. My god, I've lost more money than most
Americans make in many years of work. I should say that no, I wasn't
invested in sub-prime mortgages. So, I don't want to minimize your
post.
Greed is a primary human trait. It is a byproduct of the independent
ego seeing the collection of things and power as being a primary
goal. Human weakness is manifest in all forms of government and all
organizations. Prophesy is just B.S. Wait long enough and give
enough latitude and all prophesy comes true. Competition is a healthy
part of human existence. The Western approach to things that you
criticize has also resulted in the greatest number of people living
the highest material lifestyle in history. It is also true that with
this life expectancy and the general level of health care has never
been better. Competition is a wonderful thing. All men are created
equal, but this does not guarantee equal outcomes. Competition allows
the individual to strive to do great things. It can also be tied to
all of what can be described as the human vices. It is balance that
gets lost. The Democrats in the U.S. Congress wanted poor people to
own houses and wanted them to vote Democratic. Bush wanted Hispanics
that were poor (many are not) to be able to purchase a home without
having the financial credentials and thus woo them to vote
Republican. Well, it turns out that people that can't afford home
ownership, also can't afford to pay for them. Bankers found that they
were making lots of money. Fanny and Freddie were going gangbusters
and putting money in Dodd's and Obama's bank accounts. I use these
two, since they were the largest benefactors of such contributions to
the U.S. Congress. Everyone was making out, except for the U.S.
taxpayer. Now, the rich have once again rallied to put this off on
the U.S. taxpayer with a horrendous bail out bill. So, the forces for
Socialism and the redistributing wealth to those that have not earned
it have won a great victory. What does this all prove? It proves
that bastards become politicians and that the populace doesn't care to
pay attention. The Republican form of government may be seeing an
inevitable fall. It was predicted that such a fall would occur when
politicians discovered that they could take money from 49% of the
people and give it to 51% and win elections. It looks like Obama will
get in and he WILL raise taxes/fees on all Americans in a time of
recession. That recession will then get worse, because increased
taxation in a financial recession is a recipe for financial disaster.
The depression of the 1930's might have been short if the government
would have stayed out of things. Once again, the government caused
the problem..or at a minimum failed to serve the people.. and once
again the government will make the crisis worse.
So, why do I respond above after chastising Marcus for his post? I do
so because everyone must make sure that they have a basic conservative
financial plan to see their families through this. This has nothing
to do with competition, or cooperation. It has to do with the
financial welfare of your family. Upon this rests the rewards of
capitalism and the hard competitive work of the ourselves and the
generations before us. Recession is upon us and depression is a very
likely outcome. We will see where this goes. Mankind will NEVER
wakeup. Greed and the other vices are here to stay despite the call
to "look beyond".
Take care of your families. This is a worldwide downturn. Greed
knows no borders, nor does it favor any one form of government/
economic system.