Termyn8or
Posts: 18681
Joined: 11/12/2005
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"It's easier than you'd think. For example, we know how much unreported currency there is....."
Currency. Things with certificates, deeds or titles. Wealth did not begin today. Wealth has been amassed for a long time, probably quite a bit of it in gold. In a world where people want gold because currency fluctuates, why would a person with alot of gold convert it to currency ? Some of it of course for normal business of course, but all of it ? Doubtful. Therefore there would be no record of it.
So in essence I am actually saying that I don't know. We all don't know. For example, if you had $100,000 in gold a hundred years ago, what would it be worth today in currency ? Quite a bit huh.
And what of inheritance ? This wealth did not just disappear. If it's in banks of course there would be a record, a probate and all that which is detectable. But what of a vault full of gold ? As an heir, you get the key, or combination or whatever, I certainly wouldn't create a paper trail.
But that's not the main point, the point is we live under the golden rule; he who has the gold makes the rules. The rest can "hope" for "change". A new President is just a different voice with a different speechwriter. I don't see much difference.
Whoever sits in the big chair, ho hum, things are pretty much the same. A different person to bitch about, and on which to lay blame. And funny isn't it, that there is always plenty of blame ?
Sometimes there is a little more inflation, sometimes a bit less. Hang on here, what about stability ? How about instead of less devaluation of the dollar, how about no devaluation of the dollar ? That thought seems to be absent.
And now it seems that less government intervention in peoples' private affairs actually means less of an increase, not an actual decrease. I've had plenty of ups and downs, but I never tried to kid myself into thinking that things were getting better overall, or that it was likely to happen.
Like the debt cieling, has it/will it ever be lowered ? That's not even on the table.
It's a one way trend, it may speed up or slow down but there seems to be no reverse. The only thing that hs actually gone down is house prices, and that's just because those are no longer propped up by practically free money (credit). And the net result was inevitable.
Speaking of net results, what percentage of the government's income is acceptable to be used simply for debt service ? What would be reasonable and how much is too much ? If it's not going to go down and it's not going to stay the same, it's obvious what will happen isn't it ?
T^T
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RE: Fucking boring - 
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