Amazing how much Change can happen in two years. Wait and see what the next two bring.
. On Thu, Apr 7, 2011 at 4:32 AM, Robert Munn <[email protected]> wrote: > > Funny how the Chinese, being a command-and-control economy, > over-invested in real estate. I've been thinking for a few weeks now > that the US has, by dint of globalized competition that favors huge > enterprises dominating vast swaths of the global economy, and by the > regulatory capture of the government by these entities, become the > Soviet Union in 1985, with a twist that the small number of people at > the helm of our command and control economy are in the private sector. > Or are they in the government? Or do they pretty much flow back and > forth between the private sector and the government? Could it be true? > Let's examine the evidence: > > - We're in debt up to our eyeballs > - Congress continues to pass Fantasyland budgets > - We're over-extended militarily, and losing, in Afghanistan > - We're very worried about our relationship with China > - We have vast swaths of unoccupied residential and commercial real > estate all around the country > - Our government is acting a bit too much like Big Brother > - The revolving chairs of government and industry give a small number > of people control over both the private sector and the public entities > meant to restrain the private sector > > In many ways, we're in the same position as the Soviets were then. > What are we going to do, wait until the whole thing implodes like they > did? We'll make some attempts at reform, sure. But we'll fail because > the system is broken. And it comes down to the same damn thing that > did in the Soviets - too much power in the hands of too few people > with little or no accountability to the public. > > > > > On Wed, Apr 6, 2011 at 9:41 PM, Gruss Gott <[email protected]> wrote: > >> All that money you (and all of us) made buying and selling homes >> starting in the 90s was actually borrowed money. >> >> You used all that money to buy all kinds of stuff and we built an >> entire economy around that flood of borrowed money (70% of our >> economy!). >> >> Now the borrowing has stopped, except by the Fed. And soon enough >> they'll have to stop. QE2 ends in June. >> >> Interestingly, it's playing out in a bizzarro way in China. >> >> Because they have a command economy it's their government that's >> actually putting all their capital to work building "ghost cities" >> that nobody can afford to live in. Creates jobs, builds >> infrastructure, but nobody can afford it! >> >> Fascinating! >> >> http://www.dailymail.co.uk/news/article-1339536/Ghost-towns-China-Satellite-images-cities-lying-completely-deserted.html >> >> Great video here: >> http://www.sbs.com.au/dateline/story/watch/id/601007/n/China-s-Ghost-Cities >> ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:336056 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
