Comments on: Is the Fed Signaling More Trouble Ahead?

By: Vinny

Vinny — Fri, 27 Nov 2009 04:29:56 +0000

George said:

Vinny, No Offense but why should we allow companies to import cheaper workers for what used to be high paying jobs? Isn’t that the mentality that caused all the outsourcing? We need manufacturing. We need the high paying jobs.

I am not offended and I see your point. I do agree that we need manufacturing (other than manufacturing of $$ aka printing).

But when you’re asked ( if you’re a business man) to service overspent, over overdone Americans. Cutting the cost of doing business definitely appeals very strongly. Immigration is good, has always been for this country, everybody here is or has been an immigrant, somewhere on their family tree.

By: George

George — Wed, 25 Nov 2009 00:58:07 +0000

beltane said:
..it’s so frustrating to me to envision an obvious solution never discussed…debt forgiveness.

I’m not a big proponent of this but to be honest, it would have had more impact and likely would have been cheaper to give every Family in the country $50,000 than the way the stimulus …who exactly got stimulated besides the People in Congress and their buddies…was passed

By: George

George — Wed, 25 Nov 2009 00:52:29 +0000

Vinny said:
On H1B visa, if locals could do the job for the price (which is much cheaper for h1bs) we won’t have that many h1b here or would we ?

By: Dave

Dave — Mon, 23 Nov 2009 18:46:54 +0000

Thanks Greg for yet another interesting article.
While trying to view our predicament as dispassionately as possible,leaving aside the fact that I have some gold,I simply cannot envision a way that our nation can crawl out of this very serious mix of problems.
There are those that say “war always follows an economic collapse as a distraction and economic stimulus”,but the wars of yesterday won’t be like the wars that will take place now.
As reluctant as I am to envision food shortages,riots,rebellions,race wars,etc,I just cannot come up with the logical way that this can be avoided this time around.

By: Greg

Greg — Mon, 23 Nov 2009 18:45:54 +0000

Dave,
I feel the same way. I do not want to feel that way but I just cannot work out the math. Thank you for your comment.
Greg

By: beltane

beltane — Sat, 21 Nov 2009 23:55:32 +0000

..it’s so frustrating to me to envision an obvious solution never discussed…debt forgiveness. We are trying to stabilize society here, not financial markets. All these forclosed homes have no caretaker, neighborhoods are turning into standing landfills, pets are being abandoned, utility companies are not recouping their capital investments, real estate taxes are not being paid to support police, fire and schools…because of the banks. The banks foreclosing on homes, causing homelessness, broken families and the other negative externalities mentioned prior. The banks never had the money they loaned to begin with…they counterfeited it, magically created it via this fractional reserve fiat currency system they have sired.

Forgive all mortgage debt on primary residences and move on. Move on thereafter to restructuring our monetary system to be within the public domain rather than a private group of international monopolists. Our society will continue to slip into an abyss of unrest until we right this wrong. Behind every fortune is a forgotten crime…the Federal Reserve Act is the forgotten crime.

By: Greg

Greg — Sat, 21 Nov 2009 22:54:15 +0000

Beltane,
Love your mind! “…neighborhoods are turning into standing landfills…” Bravo!!! Thank you for the contribution!!!
Greg

By: Vinny

Vinny — Fri, 20 Nov 2009 00:25:12 +0000

On H1B visa, if locals could do the job for the price (which is much cheaper for h1bs) we won’t have that many h1b here or would we ? Little known fact about h1bs, they come here to work, pay taxes and Social Security fully knowing that they won’t get any benefit of Social Security when they return or retire. They generally travel around the country to see places and improve local economy, not to mention much needed help to Air-Lines/hoteling industry.

They mostly come from warm countries and purchase a lot of clothing for cool climate here, cars, rent houses, buy houses, send thier kids for extra classes, buy medical insurance, car insurances and the list goes on. These all CONTRIBUTE.

Ya ! let’s just send those million+ back and have million+ MORE HOUSES available for sale or rent…..eliminate million plus from the market place, that would help tremendously.

-In case you’re wondering, I am a US citizen !!

By: Greg

Greg — Fri, 20 Nov 2009 00:23:55 +0000

Vinny,
I did not know this. Thank you for sharing you comment with USAWatchdog!
Greg

By: Martin Smith

Martin Smith — Fri, 20 Nov 2009 00:22:54 +0000

Greg,
I am surprised after talking with John that the obvious wasn’t brought up? How about something new such as the truth. The obfuscating of employment and inflation numbers is not helping. There is a growing anger that is palpable and needs to be dealt with immediately. When you have the Goldman Sachs employees receiving the highest bonuses in company history in this economic atmosphere, funded in the peoples mind by their tax dollars,the FED refusing an audit is unacceptable.
I retired from the medical imaging field and can tell you with confidence that %50 plus exams are done because of medico-legal liabilties, ditto most all other emergent testing procedures. We have both houses packed with lawyers that have turned a blind eye to this major cost increaser. We will have to somehow rebuild our manufacturing base probably using Ronald Reagan’s tax cutting measures as a start. But until then the mandate of Congress should be to decrease spending and reduce the taxes on the people.
I fear that proposal would be met with howls of laughter if presented to them. Thank you