woods I wonder how many times we will hear these numbers just "slip out" without much fanfare until we are numb and can't be bothered to care anymore. Deliberate overload.
thanks--mel ----- Original Message ----- From: "Woods Woods" <[EMAIL PROTECTED]> To: <[EMAIL PROTECTED]> Sent: Tuesday, October 21, 2008 10:31 AM Subject: Re: [MD] growth and sustainability > Speaking of inflation. The Federal Reserve has announced today > that it will provide yet another (over) $500 billion dollars to Money > Market Funds. This article points out that the Fed. has been > handing out billions of dollars of loans to banks already for some > time since this economic crisis has begun. > So, more loans, more money flooding the system... > > > http://news.yahoo.com/s/ap/20081021/ap_on_bi_ge/fed_credit_crunch > > woods > > > > > ----- Original Message ---- > From: Woods Woods <[EMAIL PROTECTED]> > To: [EMAIL PROTECTED] > Sent: Tuesday, October 21, 2008 12:19:15 PM > Subject: Re: [MD] growth and sustainability > > > > [Mel] > > Economy is indeed looked at in terms of growth and with a growing > > population that can be just a measure of standing still, depending on > > the number. If you look at the numbers in the economy and use > > dollars adjusted to 1967 base numbers, you'll see that a lot of the > > growth > > is an illusion that covers up the long term effect of inflation. > > In real value, base '67, I made more money in my minimum wage > > job as a kid than the teens today make. Standard of living for many > > has actually fallen in those terms. Economic growth is not unfettered, > > but rather it is dependent. (Oh, the current dollar is worth 15-cents > > of the 1967 dollar, maybe less by this time.) > > > > We look at Bill Gates and say wow he's the richest American ever. > > No. He's actually 13th richest, value adjusted. In today's dollar > > John D Rockefeler would be worth $305 Billion. Six or eight times > > Gates' wealth. > > > > Platt: > Excellent, Mel. Inflation (caused by government printing money unbacked by > silver or gold) is a hidden tax used to pay for programs considered by > government to be for the "public good." In the U.S., the currency was > partially released from the gold standard by Roosevelt in the 30's, then > completely released by Nixon in 1971. You have well documented the > insidious effects of this legalized robbery of the general public. Another > effect is that up until the mid-50's in America, a working husband with a > wife at home raising kids produced a decent standard of living (and decent > kids). Now, it takes two parents working to provide the same standard of > living and the kids -- well, check high school and college drop out rates. > > > > woods: > Nice. Platt I think we're onto something here. Your saying what I've been > saying. I completely agree. And don't forget Day Care. Day Care is > such an aweful need. For people to have to hand their children, sometimes > babies, over to complete strangers or even to have to hand them > over to somebody outside the extended family is such a > bother to me. It's disturbing. I don't know the values the people > have that would, and have, watched my son. And then, to have > to release my son into somebody else's hands, even if their > values are good, children grow up without that immediate attention > that is healthy for their family to provide for them. The family is falling > apart in so many ways. Kids on the streets getting into trouble. Youth > detention centers being filled beyond capacity with blankets rolled out > onto gym floors every once in a while at these facilities, like in Pittsburgh > this past autumn or winter I believe, which was not a new event. > 1/3 of the children drop out of high school. A staggering 50% of African > American youth drop out of high school. It's what Carl on this forum > recently called the quiet rebellion. > > > woods > > > > Moq_Discuss mailing list > Listinfo, Unsubscribing etc. > http://lists.moqtalk.org/listinfo.cgi/moq_discuss-moqtalk.org > Archives: > http://lists.moqtalk.org/pipermail/moq_discuss-moqtalk.org/ > http://moq.org.uk/pipermail/moq_discuss_archive/ > > > > > Moq_Discuss mailing list > Listinfo, Unsubscribing etc. > http://lists.moqtalk.org/listinfo.cgi/moq_discuss-moqtalk.org > Archives: > http://lists.moqtalk.org/pipermail/moq_discuss-moqtalk.org/ > http://moq.org.uk/pipermail/moq_discuss_archive/ Moq_Discuss mailing list Listinfo, Unsubscribing etc. http://lists.moqtalk.org/listinfo.cgi/moq_discuss-moqtalk.org Archives: http://lists.moqtalk.org/pipermail/moq_discuss-moqtalk.org/ http://moq.org.uk/pipermail/moq_discuss_archive/
