[AdamSelene235]

My name is AdamSelene235......and I'm a Gloom and Doomer.

[WOSG]

"For over four decades, observant and open-minded individuals have become deeply concerned about the future of our great nation. They refused to accept the rosy official and media testimony regarding our nation's fiscal and monetary integrity. "

Those 4 decades just past, where our economy grew by a factor of three and family income nearly doubled?

Amazing, no matter how good we have it, the doom-n-gloomers assume the horizon ahead is the end of the earth.

[WOSG]

"However, just as all Americans benefited from the higher standard of living generated by the decades-long artificially induced boom, we may all have to suffer the consequences when the business cycle turns down, and the contrived boom turns to bust."

Ah, the economic Puritan myth, that 'good times' require some countervailing 'bad times' to compensate.

Hogwash... Good economic policy creates prosperity, and prosperity is not something you can 'fake' for very long.

[Strategerist]

Amazingly the author made it through the entire piece without using the term "fiat money" once.

[1rudeboy]

Dr. Richard S. Appel

This guy is an optometrist? WTF?

[porkchops 4 mahound]

KitCo as a source regarding precious metals.

Fine, just remember KitCo sells em.

[Mr. Jeeves]

Housing isn't overvalued - the dollar is just becoming ever more worthless because Greenspan is printing so many of them. The real trick has been the government's skill in keeping all the commodities with prices that are going up from being counted in the official inflation rate.

A box of Quaker 100% Natural Granola is almost $7 now...it was $4 five years ago. I think we still grow plenty of oats. ;)

[ozzymandus]

DOOMED, I tells ya!-Dr. Homer Simpson

[Sicon]

This stern warning was for the United States to limit its dangerous monetary expansion, increase its taxes, and force its consumers to reign in their wonton spending.

Hmmm. Why is it that DECREASING GOVERNMENT SPENDING is never considered a possible remedy? Sure, raise taxes some more! That'll stop all the peons out there from engaging in "wonton spending."

[Sicon]

They will be preparing the world for a potential economic melt-down that was created by our nation's prolonged, egregious, deficit spending campaign, and the creation of the enormous amount of dollar credits that they fostered

Allow me to translate: it's all OUR (or Bush's) fault!

[Amity]

Gosh, I'm worried now. /sarcasm

"This stern warning was for the United States to limit its dangerous monetary expansion, increase its taxes, and force its consumers to reign in their wonton spending."

What the blue blazes is "wonton" spending? Buying up Chinese restraunts recklessly?

[samm1148]

Shouldn't this have been prefaced by a tinfoil hat alert or some such?

[woofie]

I was doomed yesterday ,today Im alright

[CIB-173RDABN]

I am always confused by this. The barter system requires I have something you want, in exchange for something I want. But a barter system is a little cumbersome in this day and age. So I take something I have (time and knowledge) and exchange it for something my employer has (paper money).

With that paper money I am able to obtain things I want.

Now, I make more per hour then I did in 1970, but true, things cost more as well.

My standard of measurment is how many man hours do I have to work to get something I want.

In 1970 it took me 1 hour of labor to fill my VWs 10 gallon tank (.30 a gallon or $3.00), if I make $30 an hour today, and I pay $3.00 a gallon to fill a tank of gas, the numbers are inflated, but the basic standard, 1 hour labor remains the same.

With my standard unlike gold, the supply is open ended. What happens when we need more "money" in circulation then we have gold to back it?

Wouldn't this cause a hardship on the economy?

Again, I don't know, but can someone explain to me how having a gold stand will make every thing perfect?