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Great Depression of 2005 by G-Nasty
Started on: 11-18-2004 08:58 AM
Replies: 82
Last post by: 84Bill on 03-06-2005 02:50 AM
G-Nasty
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Report this Post11-18-2004 08:58 AM Click Here to See the Profile for G-NastyClick Here to visit G-Nasty's HomePageSend a Private Message to G-NastyDirect Link to This Post
Many believe there will be a short bull run in the market until January. Some profit taking late this year will ultimately slow this run down a bit. But get ready for the 'shocker'. When Congress gets back in session January, a sudden jolt will crack the foundation of our entire financial system. January to early February a serious decline in our market will bring to light many things gone wrong in the U.S. and global economy.International investors, bankers & holding houses will be taking steps to protect thier investments from devaluation after they realize this Republican led U.S. govt & its high level decision makers have no value added agenda other than spend.

And spend they will.

A session dedicated to permanent tax cuts for those making over 200k a yr and taking steps to remove Social Security for those born after 1966 will have no value added benefits. Appropriating another trillion or two for the 'War on Terror' & its govt agencies (during this flat economy) will not add any real value (other than make some Fortune 500's happy w/ lucrative govt contracts).
However, thier spending spree may prevent some high level workers from layoffs.
The Republican sponsored corporate lunch tax break wont help anything but some rich people fatter by allowing them to write off 80% of thier lunches now.

A major force pushing this country to a controlled downward spiral is U.S. trade deficit with China The impact of globalizing and free trade has reared its ugly head. The majority of people in the U.S have seen thier lifestyles & standards of living manipulated and gone down because of it. China is winning this war with trillions going thier way with jobs/resources staying there. Thier currency and Bush's removal of Clintons dollar policy law have caused further damage to common Americans.

But the continuing war invasion effort concentrated in the Middle East and higher interest/prime rates will provide the thrust for the big players to bring this economy to a halt. Depressions (under a microscope) are the result of very important people's actions. Actions at such a high level bring ripple and historic effects. The quagmire that will continue in the Middle East will amplify this. The rise of Saddam Hussein and Osama Bin Laden on the worlds center stage was to be a covert CIA thesis, anti-thesis, and synthesis for displacing power into U.S. control. It worked (to a certain point) but even with those new Iraqi elections it fall short of any REAL beneficial effects for Americans.

There are also many other reasons for a permanent decline in our economy starting in early 2005.
Unlike years past-our economy has no light at the end of the tunnel-no new technologies, inventions or industry.

Again it will be a permanent decline.

The majority of peoples lives here in America will be ruined.
Our childrens lifes born unto serious debt thru bad policy.
Leaders of the G13 have made the decision that slow controlled growth is the way to go. Places like China, India and America growth and efficiency will be the burden born by the common citizen.

We must nationalize America and de-privatize the Cenral Bank in the U.S.
We must stop the efforts to liberate Iraq and others.
We must take back our govt that was created by the people FOR THE PEOPLE.

OUT>

s actions and


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Report this Post11-18-2004 09:51 AM Click Here to See the Profile for rogergarrisonSend a Private Message to rogergarrisonDirect Link to This Post
I dont see how we can have a depression with 75% of the population 50-100 pnds overweight. No one is obviously starving like in the 30s.
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Report this Post11-18-2004 10:23 AM Click Here to See the Profile for Formula88Send a Private Message to Formula88Direct Link to This Post
 
quote
Originally posted by G-Nasty:

Many believe there will be a short bull run in the market until January. Some profit taking late this year will ultimately slow this run down a bit. But get ready for the 'shocker'. When Congress gets back in session January, a sudden jolt will crack the foundation of our entire financial system. January to early February a serious decline in our market will bring to light many things gone wrong in the U.S. and global economy.International investors, bankers & holding houses will be taking steps to protect thier investments from devaluation after they realize this Republican led U.S. govt & its high level decision makers have no value added agenda other than spend.

And spend they will.

A session dedicated to permanent tax cuts for those making over 200k a yr and taking steps to remove Social Security for those born after 1966 will have no value added benefits. Appropriating another trillion or two for the 'War on Terror' & its govt agencies (during this flat economy) will not add any real value (other than make some Fortune 500's happy w/ lucrative govt contracts).
However, thier spending spree may prevent some high level workers from layoffs.
The Republican sponsored corporate lunch tax break wont help anything but some rich people fatter by allowing them to write off 80% of thier lunches now.

A major force pushing this country to a controlled downward spiral is U.S. trade deficit with China The impact of globalizing and free trade has reared its ugly head. The majority of people in the U.S have seen thier lifestyles & standards of living manipulated and gone down because of it. China is winning this war with trillions going thier way with jobs/resources staying there. Thier currency and Bush's removal of Clintons dollar policy law have caused further damage to common Americans.

But the continuing war invasion effort concentrated in the Middle East and higher interest/prime rates will provide the thrust for the big players to bring this economy to a halt. Depressions (under a microscope) are the result of very important people's actions. Actions at such a high level bring ripple and historic effects. The quagmire that will continue in the Middle East will amplify this. The rise of Saddam Hussein and Osama Bin Laden on the worlds center stage was to be a covert CIA thesis, anti-thesis, and synthesis for displacing power into U.S. control. It worked (to a certain point) but even with those new Iraqi elections it fall short of any REAL beneficial effects for Americans.

There are also many other reasons for a permanent decline in our economy starting in early 2005.
Unlike years past-our economy has no light at the end of the tunnel-no new technologies, inventions or industry.

Again it will be a permanent decline.

The majority of peoples lives here in America will be ruined.
Our childrens lifes born unto serious debt thru bad policy.
Leaders of the G13 have made the decision that slow controlled growth is the way to go. Places like China, India and America growth and efficiency will be the burden born by the common citizen.

We must nationalize America and de-privatize the Cenral Bank in the U.S.
We must stop the efforts to liberate Iraq and others.
We must take back our govt that was created by the people FOR THE PEOPLE.

OUT>

s actions and


Bookmarking this for posterity so I can come back later and see if it was accurate or not.

I'm glad we took back our government of the people, by the people and for the people. For the first time since '92, we finally have a president in office who's won both the popular vote and the electoral college. It's been far too long since the American people have given such a clear mandate and support to a president.

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Toddster
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Report this Post11-18-2004 10:59 AM Click Here to See the Profile for ToddsterSend a Private Message to ToddsterDirect Link to This Post
I remember Ravi Batra's book the GREAT DEPRESSION OF 1990!

Only problem is that it never came. Most "so-called" economists LOVE predicting gloom and doom. It sells books, gets them on the lecture circuit, and when it doesn't happen they can all be very dismissive by sighting some obscure reason for our 'miraculous salvation'. But why would they care either way? They've managed to pocket their millions.

The fact is that the economic indicators ALL point to a prosperous next 5 years. Are there problems to deal with? Yep, NAFTA needs fixing BADLY! China needs to be dealt with too. Total Tax reform is a MUST! etc. But from a strict view of the indicators, we are looking good for the near term.

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Report this Post11-18-2004 12:35 PM Click Here to See the Profile for Formula88Send a Private Message to Formula88Direct Link to This Post
 
quote
Originally posted by Toddster:
Only problem is that it never came. Most "so-called" economists LOVE predicting gloom and doom. It sells books, gets them on the lecture circuit, and when it doesn't happen they can all be very dismissive by sighting some obscure reason for our 'miraculous salvation'.

That or they say their book caused people to become activists to change things, so THEY are the saviours who kept us out of the depression.

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Report this Post11-18-2004 02:31 PM Click Here to See the Profile for 87FieroGTxClick Here to visit 87FieroGTx's HomePageSend a Private Message to 87FieroGTxDirect Link to This Post
No problem, we can just barrow another few hundred trillion to get us to 2006......

------------------

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Report this Post11-18-2004 03:23 PM Click Here to See the Profile for DanFieroSend a Private Message to DanFieroDirect Link to This Post
 
quote
Originally posted by Formula88:
It's been far too long since the American people have given such a clear mandate and support to a president.

51% to 48% is far from a clear mandate!!!! Almost 50% of the nation does not support our current CIC. He has a lot of work to do before 48% will be ready to jump on his band wagon.

IMO

Dan

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Report this Post11-18-2004 03:49 PM Click Here to See the Profile for avengador1Send a Private Message to avengador1Direct Link to This Post
By your own numbers most support the president, 51%>48% if I remember my math.
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Report this Post11-18-2004 03:53 PM Click Here to See the Profile for ToddsterSend a Private Message to ToddsterDirect Link to This Post
 
quote
Originally posted by DanFiero:


51% to 48% is far from a clear mandate!!!! Almost 50% of the nation does not support our current CIC. He has a lot of work to do before 48% will be ready to jump on his band wagon.

IMO

Dan



Clinton, "the hero" won with just 43% of the vote in '92. I'd say Bush has a pretty clear majority.

[This message has been edited by Toddster (edited 11-18-2004).]

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G-Nasty
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Report this Post11-18-2004 03:57 PM Click Here to See the Profile for G-NastyClick Here to visit G-Nasty's HomePageSend a Private Message to G-NastyDirect Link to This Post
roger:
Poor people CAN be fat. Its almost a requirement.
Take a walk around any trailer park or extremely poor urban areas inside continental U.S. Beans and bisquits-lard and milk seems to be the welfare diet.

Ive read, listened, watched and participated in the market these past years.
We all know the NYSE has taken a credibility blow with recent and severe insider corruption. So have several federal and state govt agencies/branches. What we have is the worst case scenerio of a govt & economy in decline 'showering' money that is not there and wont be 'there' for a while. Again, Greenspans around the clock money printing cannot keep up- Over 900 million dollars a day and counting.

The past two (2) Christmas' have been the worst in over 30 yrs according to retailers/ consumer confidence reports. Its apparent the U.S. has taken a role similar to a Bolivia type existance. Having nukes has helped us 'get' loans- but our concentrated wealth at the top and inability to compete at a global level will leave most in the heartland homeless in thier older years.

Its a perverse brand of cronnie inspired capitalism thats one of 'billionaires and the homeless' living in harmony (so-to-speak). It reminds me of the Japanese system of Keritsu (spelling?)

Yesterdays local news here in Houston was a fetus clogged an apartment sewer line
Another report was a female Republican State Rep explaining why they are going to close down most if not ALL disabled state 'educational systems' (one large one is in Bryan Station) and let 'faith based community' s take care of these people who cannot take care of themselves.
Its a gung ho pro war Jerry Springer news attitude down here in Texas.
I need to move to Canada.
Just call me G-Baldwin.

OUT>

[This message has been edited by G-Nasty (edited 11-18-2004).]

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Report this Post11-18-2004 06:38 PM Click Here to See the Profile for jstrickerSend a Private Message to jstrickerDirect Link to This Post
 
quote
The past two (2) Christmas' have been the worst in over 30 yrs according to retailers/ consumer confidence reports.

I have no idea what you base that comment on, a search can find nothing that correlates "retailers/consumer confidence reports" with "worst in over 30 years". You're so vague the statement itself is meaningless, without a link to find some kind of context. Be that as it may, here are the total retail/food service sales for December from 1992 to present. It comes from the US Census Bureau

code:

1992 177029
1993 190132
1994 204861
1995 215113
1996 225642
1997 235938
1998 252245
1999 276532
2000 283243
2001 292105
2002 302970
2003 322342

From 2001 to 2002 there was an increase of 3.7% and from 2002 to 2003 6.4%. During those same periods, the inflation rates were 1.6% and 2.2% respectively. That's hardly indicative of the worst holiday shoppins seasons in 30 years.

 
quote
Its apparent the U.S. has taken a role similar to a Bolivia type existance

A "Bolivia type existence"? You are delusional. I suggest you go to Bolivia and compare their economy to ours. Maybe even stay there since you don't like it here so much.

 
quote
Yesterdays local news here in Houston was a fetus clogged an apartment sewer line
Another report was a female Republican State Rep explaining why they are going to close down most if not ALL disabled state 'educational systems' (one large one is in Bryan Station) and let 'faith based community' s take care of these people who cannot take care of themselves.
Its a gung ho pro war Jerry Springer news attitude down here in Texas.

I looked at Houston and TX news and found a report on the fetus. You seemed to leave something out. "Investigators said the fetus was about 12 weeks old and it could be from a miscarriage"

I'm certain it was just an oversight on your part.

As for your comment on the "female Republican State Rep", I could find nothing on a new conference about closing down "most if not all disabled state educational systems" and I would think that would have made some news somewhere.

Keep on with the gloom and doom, nasty. After your last bit of financial advice on the stock market and oil prices, if you had put your money where your mouth is, you'd be broke and in that trailer park by now.

John Stricker

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Report this Post11-18-2004 09:03 PM Click Here to See the Profile for 87FieroGTxClick Here to visit 87FieroGTx's HomePageSend a Private Message to 87FieroGTxDirect Link to This Post
 
quote
Originally posted by Toddster:

Clinton, "the hero" won with just 43% of the vote in '92. I'd say Bush has a pretty clear majority.


William J. Clinton won the Electoral College 370 to 168 (The EC needs to be abolished, IMHO). Also, with Henry Ross Perot on the ballet winning almost 20% of the popular vote, the percentages of the '92 are not compareable to the '04 election without some SERIOUS recalculations (That would undoubtably be slanted twards the recalculators Political/Religious bias.)

This is just another common tactic used to sway peoples opinions twards the bias of the poster. This sentence is retyped over and over by different people, just like 90% of the other posts in political/religious threads.

No one has an original thought these days. It's sad, very sad.

That said, 51% isn't bad, but it is NOT A CLEAR MANDATE!

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Report this Post11-18-2004 09:57 PM Click Here to See the Profile for RoylmohrSend a Private Message to RoylmohrDirect Link to This Post
Kinda weird this doom and gloom thread. I am a single guy in my 20s and I have done nothing but have fun fun months now. I have pumped more money into this economy and I see others doing the same thing. Just go out and have soom fun. Nasty relax get a beer have fun dude!
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Report this Post11-18-2004 10:19 PM Click Here to See the Profile for maryjaneSend a Private Message to maryjaneDirect Link to This Post
 
quote
Originally posted by jstricker:

As for your comment on the "female Republican State Rep", I could find nothing on a new conference about closing down "most if not all disabled state educational systems" and I would think that would have made some news somewhere.

John Stricker

Can't viably comment on the rest of the posts, but there is indeed once again a movement afoot to modify/close operation of the State School for the Mentally Handicapped just north of San Angelo in Carlsbad Texas. For all intents and purposes, it's what we used to call an Asylum, but houses and cares for mostly mentally retarded people, teenage and up, who have no other care givers. It's been in the local news for several weeks now.

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Report this Post11-18-2004 10:28 PM Click Here to See the Profile for ToddsterSend a Private Message to ToddsterDirect Link to This Post
 
quote
Originally posted by 87FieroGTx:

William J. Clinton won the Electoral College 370 to 168 (The EC needs to be abolished, IMHO). Also, with Henry Ross Perot on the ballet winning almost 20% of the popular vote, the percentages of the '92 are not compareable to the '04 election without some SERIOUS recalculations (That would undoubtably be slanted twards the recalculators Political/Religious bias.)

This is just another common tactic used to sway peoples opinions twards the bias of the poster. This sentence is retyped over and over by different people, just like 90% of the other posts in political/religious threads.

No one has an original thought these days. It's sad, very sad.

That said, 51% isn't bad, but it is NOT A CLEAR MANDATE!

You're forgetting that if Perot had not been a candidate Polls strongly indicate Bush Sr. would have won the election. You are also forgetting that in 1996 when Clinton had a growing economy and just ONE opponent he still couldn't must more than 48% of the vote. Check your history. VERY few Presidents have ever received over 50%.

Bush has a mandate.

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Report this Post11-18-2004 10:55 PM Click Here to See the Profile for jstrickerSend a Private Message to jstrickerDirect Link to This Post
Todd,

That's simply incorrect. A freind and I have been having some lively discussions on the election via email and I looked these numbers up for him because he felt that voter turnout, even at 56+% was historically low for modern US History.

code:

Election Vote Split R/D # of voters Voter Turnout
Voted
2004 R 51.10% D 48.00% 115,700,000 56.2%
2000 R 47.87% D 48.38% 105,405,100 51.3%
1996 R 40.71% D 49.24% 96,277,634 36.4%
1992 R 37.38% D 42.93% 104,600,366 49.1%
1988 R 53.40% D 45.60% 91,591,486 38.8%
1984 R 58.80% D 40.50% 92,652,842 55.1%
1980 R 50.70% D 41.00% 86,515,221 36.5%
1976 R 48.00% D 50.10% 81,555,889 50.1%
1972 R 60.70% D 37.50% 77,718,514 36.4%
1968 R 43.20% D 42.60%
1964 R 38.40% D 61.00%
1960 R 49.55% D 49.72%
1956 R 57.40% D 42.00%
1952 R 55.30% D 44.30%
1948 R 45.30% D 49.70%
1944 R 46.00% D 53.50%


As you can see, generally over the last 30 years (and the trend continues throughout modern US history) the winner of the EC DOES get over 50% of the popular vote as well as long as there wasn't a major, third party candidate and in each of those cases, the third party candidates generally cost the major party candidate to lose the election. IOW, when there are two conservative candidates, but one is more conservative (or less) than the other and running as a minor party or independent candidate, they generally cost the candidate that is closest to their own agenda the presidency. Not always, but almost so. That's one reason that up until recently there hasn't been a huge call to abandon the EC, because the two end up the same anyway.

John Stricker

 
quote
Originally posted by Toddster:


You're forgetting that if Perot had not been a candidate Polls strongly indicate Bush Sr. would have won the election. You are also forgetting that in 1996 when Clinton had a growing economy and just ONE opponent he still couldn't must more than 48% of the vote. Check your history. VERY few Presidents have ever received over 50%.

Bush has a mandate.

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Report this Post11-19-2004 12:36 AM Click Here to See the Profile for Formula88Send a Private Message to Formula88Direct Link to This Post
 
quote
Originally posted by DanFiero:


51% to 48% is far from a clear mandate!!!! Almost 50% of the nation does not support our current CIC. He has a lot of work to do before 48% will be ready to jump on his band wagon.

IMO

Dan

I hear people say that and typically they are Democrats (at least they are anti-Bush). The thing is, when Clinton was elected, they were going off on how his election was a mandate from the people to change government - yet he never won the popular vote - only the electoral college. Bush won by a larger margin than Clinton did in either of his elections, but to hear some say it Clinton had a mandate, but Bush just barely squeaked by and the country is divided.

I guess it's a mandate and landslide victory if it's YOUR candidate who wins?

[This message has been edited by Formula88 (edited 11-19-2004).]

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Report this Post11-19-2004 02:06 AM Click Here to See the Profile for 87FieroGTxClick Here to visit 87FieroGTx's HomePageSend a Private Message to 87FieroGTxDirect Link to This Post
 
quote
Originally posted by Toddster:


You're forgetting that if Perot had not been a candidate Polls strongly indicate Bush Sr. would have won the election. You are also forgetting that in 1996 when Clinton had a growing economy and just ONE opponent he still couldn't must more than 48% of the vote. Check your history. VERY few Presidents have ever received over 50%.

Bush has a mandate.

Not entirely accurate, but then what is?

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Report this Post11-19-2004 07:50 AM Click Here to See the Profile for Old LarSend a Private Message to Old LarDirect Link to This Post
Another G-Nasty prediction thread.

https://www.fiero.nl/forum/Forum6/HTML/024499.html

Still off the mark.

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Report this Post02-26-2005 11:16 AM Click Here to See the Profile for Formula88Send a Private Message to Formula88Direct Link to This Post
Still waiting for the Great Depression of 2005.
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Report this Post02-26-2005 11:33 AM Click Here to See the Profile for maryjaneSend a Private Message to maryjaneDirect Link to This Post
Anyone that can sucessfully predict economic turns will easily be able to afford Maseratis and Fararris, as well as the rarest of Fieros. Quantum physics is easier.
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Report this Post02-26-2005 12:37 PM Click Here to See the Profile for cliffwSend a Private Message to cliffwDirect Link to This Post
 
quote
Originally posted by maryjane:


Can't viably comment on the rest of the posts, but there is indeed once again a movement afoot to modify/close operation of the State School for the Mentally Handicapped just north of San Angelo in Carlsbad Texas. For all intents and purposes, it's what we used to call an Asylum, but houses and cares for mostly mentally retarded people, teenage and up, who have no other care givers. It's been in the local news for several weeks now.

I also will not enter an economic forcast but am aware of what Don speaks of. In addition, the Texas State Hospital system's treatment unit here in Kerrville is in the process of moving all acute care cases away from this facility and will concentrate only on forensic cases.
(Simply stated, the state wants only to care for the mentally ill who have been charged with a crime.)
My wife has worked for the state hospital system for over ten years and has quite a bit of insight in this matter. It seems every year the legislature has cut funds for the mental health authorities throughout the state. It is affecting those who are challenged due to no fault of their own. Not surprisingly, not many stand up for these people and they can not do it on their own.

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Report this Post02-26-2005 01:35 PM Click Here to See the Profile for 84BillClick Here to visit 84Bill's HomePageSend a Private Message to 84BillDirect Link to This Post
 
quote
Originally posted by rogergarrison:
No one is obviously starving like in the 30s.

Yet.
On one is starving yet.

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Report this Post02-26-2005 02:30 PM Click Here to See the Profile for G-NastyClick Here to visit G-Nasty's HomePageSend a Private Message to G-NastyDirect Link to This Post
One day last week the market went down 176 points. I thought it was the beginning of my
'doomsday corrections'
Despite gas going up 5.8% w/ Saudi promises, Iran and N. Korea diplomacy issues, & hearing more about International house dumping the dollar nothings changed. Or has it?

The U.S.A is 40-60 billion dollars poorer since I started this thread.

Hey man,
They just keep printing up money and handing it to thier friends-
And now are in the biz of 'buying' time.

So Social security is ending for those under 55 yrs old thanks to our beloved Republicans
Funny how we didnt hear more about this agenda during 'W's 04 campaign.

But once the bombs start flying again to Iraq THEN to Iran and N. Korea....
PAPER MONEY will be the least of our problems.

formula88: heres another of my predictions-look at the date!
https://www.fiero.nl/forum/Archives/Archive-000003/HTML/20040223-6-018197.html

It will ALL crumble
2005
OUT>

[This message has been edited by G-Nasty (edited 02-26-2005).]

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Report this Post02-26-2005 03:05 PM Click Here to See the Profile for Formula88Send a Private Message to Formula88Direct Link to This Post
 
quote
Originally posted by G-Nasty:

It will ALL crumble
2005
OUT>

At least you have something to look forward to.

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Ken Wittlief
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Report this Post02-26-2005 04:13 PM Click Here to See the Profile for Ken WittliefSend a Private Message to Ken WittliefDirect Link to This Post
ok, Im looking at G-nastys other prediction

"Israel is going to bomb Irans nuclear power plant"

[checking the news........ nope, nothing about Israel bombing Iran today]

did I miss something? isnt a prediction fortelling something that ACTUALLY happens?

I would take those tarot cards back and demand a refund.

PS. Canada is due north of texas, about 1500 miles. If you need gas money for the trip, let us know.

[This message has been edited by Ken Wittlief (edited 02-26-2005).]

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fierobear
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Report this Post02-26-2005 04:45 PM Click Here to See the Profile for fierobearSend a Private Message to fierobearDirect Link to This Post
Isn't that funny, I just read this in the San Jose Mercury this morning. They are no friend of Bush and Republicans, so this isn't propaganda:
(I'd link the article, but you have to sign up to access it)


Posted on Sat, Feb. 26, 2005

Economy up more than thought

GROWTH IN 4TH QUARTER FAR EXCEEDS EXPECTATIONS

By Jeannine Aversa

Associated Press


WASHINGTON - The economy clocked in at a 3.8 percent pace in the final quarter of 2004 -- faster than initially thought -- and is now cruising at that speed or better. That could be good news for jobless people hoping for companies to increase hiring.

California, which has lagged the nation's economic recovery, is starting to see some of those jobs. The state added 20,000 jobs in January, up 1.6 percent from a year ago, according to a separate report released Friday.

In the newest reading on the U.S. economy's fitness, the gross domestic product exceeded a previous estimate of a 3.1 percent annual growth rate for the October-to-December quarter, the Commerce Department reported Friday. GDP measures the value of all goods and services produced within the United States.

The improvement reflected more robust spending by businesses on capital equipment, including technology products, and on inventories of goods. The trade deficit also was less of a drag on fourth-quarter growth than initially thought.

Although economic growth in the final quarter of last year was a bit slower than the third quarter's 4 percent, the performance was still solid.

``We are now at a comfortable cruising altitude,'' said Lynn Reaser, chief economist at Banc of America Capital Management. ``What is significant is that all parts of the economy were pulling their own weight.''

On Wall Street, the GDP report lifted stocks. The Dow Jones industrials rose 92.81 points to 10,841.60, the best close since Dec. 28.

For the current January-to-March quarter, the economy is expected to grow at a rate of around 4 percent, some economists project.

Analysts are hoping that with the economy moving ahead at a good pace, companies will feel more inclined to step up hiring in upcoming months. Economists predict the nation's payrolls will expand by a sizable 225,000 in February, which would be up from January's 146,000 gain. The government releases the February employment report next week.

``With decent momentum entering the New Year, we should soon be generating the kind of job growth that will make the expansion feel like good times,'' said Bill Cheney, chief economist at John Hancock Financial Services. The jobs market was slower to recover from the 2001 recession than other parts of the economy, a source of frustration to job-seekers.

Treasury Secretary John Snow said in a statement Friday that the numbers showed President Bush's tax cuts and economic policies had the economy ``moving in the right direction'' and were being felt by Americans.

Federal Reserve Chairman Alan Greenspan last week struck a positive note on the economy's performance, telling Congress: ``All told, the economy seems to have entered 2005 expanding at a reasonably good pace, with inflation and inflation expectations well anchored.''

Fed policy-makers are expected to boost short-term interest rates March 22, which would mark the seventh increase since June, to keep the economy and inflation on an even keel.

The Commerce Department said higher-than-expected computer sales and motor-vehicle production were the main reasons the fourth-quarter growth was higher than had been estimated.

Economists will be keeping a close eye on business investment in the first quarter of 2005 to determine whether companies looking for tax advantages fueled the fourth-quarter 2004 growth.

Consumer spending grew at a solid 4.2 percent pace in the final quarter. That was down a bit from the government's initial estimate as well as the 5.1 percent growth rate registered in the third quarter.


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Ken Wittlief
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Report this Post02-26-2005 06:19 PM Click Here to See the Profile for Ken WittliefSend a Private Message to Ken WittliefDirect Link to This Post
there is only one explaination for Gnastys stance in this thread

even under the battle cry of 'un-wanted war mongering' they could not win the white house or seats in congress

their ONLY hope for 2008 is a total collaspe of the economy or our society

which the propaganda in his thread is intended to cause (self fullfilling prophecy)

only problem is, nobody takes what democrates say seriously.

BTW, is John Kerry STILL running around ranting "we are in the worst recession this country has ever seen!"

???

[This message has been edited by Ken Wittlief (edited 02-26-2005).]

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JetroGT
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Report this Post02-26-2005 09:55 PM Click Here to See the Profile for JetroGTSend a Private Message to JetroGTDirect Link to This Post
If you want to know what the market will do in the next 4 years get the book, "The Next Great Bubble Boom" by Harry S. Jr. on how to profit from the greatest boom in history 2005-2009. He bases his predictions on the predictibility of peoples spending habbits at different times in their lives. Baby boomers between the ages of 46 and 50 spend the most but after that spending declines and so does the market. He expects to see the DOW to hit 40,000 before 2009. After that get ready for a 7 to 9 year recession. ..
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richfiero
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Report this Post02-26-2005 11:14 PM Click Here to See the Profile for richfieroSend a Private Message to richfieroDirect Link to This Post
If im not mistaken most of our countries debt is from bonds . Witch would mean that America is in debt to America.
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JazzMan
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Report this Post02-26-2005 11:24 PM Click Here to See the Profile for JazzManSend a Private Message to JazzManDirect Link to This Post
 
quote
Originally posted by richfiero:

If im not mistaken most of our countries debt is from bonds . Witch would mean that America is in debt to America.

Except that a significant percentage of those T-bills are held by countries that have a stake in our economy, such as Japan and other Pacific-rim nations.

The EU has twice the population of the US, that means twice the potential market size, and their economies are growing. If I held a substantial position in T-bills and was watching what the current administration is doing in cutting revenues drastically while encurring huge debts I 'd be figuring out a way to get out of those T-bills while they were still worth anything, and into postions in the EU economy..

Once that happens things will be rather grim here.

JazzMan

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Report this Post02-26-2005 11:25 PM Click Here to See the Profile for jstrickerSend a Private Message to jstrickerDirect Link to This Post
What makes you think that only US citizens are the only ones that can purchase Government Securities?

John Stricker

 
quote
Originally posted by richfiero:

If im not mistaken most of our countries debt is from bonds . Witch would mean that America is in debt to America.

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Ken Wittlief
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Report this Post02-26-2005 11:36 PM Click Here to See the Profile for Ken WittliefSend a Private Message to Ken WittliefDirect Link to This Post
the growing european economy?!

YIKES! the only thing that is happening over there is, as the EU goverment takes over the trade with neighboring countrys becomes a little easier, so now instead of being taxed to death, europeans are only being taxed within a cm of their life.

what is growing in europe? their trade unions give workers something like 2 months vacation per year, every time you get the sniffels they send you off to a spa in the alps for a week

their natural resources are tapped out, their land use is maxed out

when was the last time you bought anything 'made in europe' ? Seriously? of all the money you spent last year, how much of it went to Europe?

[This message has been edited by Ken Wittlief (edited 02-26-2005).]

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84Bill
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Report this Post02-27-2005 03:36 AM Click Here to See the Profile for 84BillClick Here to visit 84Bill's HomePageSend a Private Message to 84BillDirect Link to This Post
 
quote
Originally posted by 84Bill:


Yet.
On one is starving yet.


On??
No..
Top is bad... don't do it.

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Toddster
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Report this Post02-27-2005 10:10 AM Click Here to See the Profile for ToddsterSend a Private Message to ToddsterDirect Link to This Post
 
quote
Originally posted by G-Nasty:

It will ALL crumble
2005
OUT>

From the same guy who predicted a landslide Kerry victory.
I feel safer now than ever before.

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NEPTUNE
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Report this Post02-27-2005 12:17 PM Click Here to See the Profile for NEPTUNESend a Private Message to NEPTUNEDirect Link to This Post
. It's been far too long since the American people have given such a clear mandate and support to a president.[/QUOTE]


On planet EARTH, 51% is not a mandate.
Pretty lame for a "war president" who ran against a weak opponent and used every dirty trick in the bookto win..
Anyone noticed that the value of the Euro has gone up recently, while the value of the Dollar has gone down?
Maybe "borrow and spend" isnt such a sound fiscal policy after all.

[This message has been edited by NEPTUNE (edited 02-27-2005).]

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fierobear
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Report this Post02-27-2005 12:33 PM Click Here to See the Profile for fierobearSend a Private Message to fierobearDirect Link to This Post
 
quote
Originally posted by Toddster:


From the same guy who predicted a landslide Kerry victory.
I feel safer now than ever before.

g-nasty has been so consistently wrong, I am thinking of investing based on the opposite of whatever he says.

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jstricker
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Report this Post02-27-2005 12:39 PM Click Here to See the Profile for jstrickerSend a Private Message to jstrickerDirect Link to This Post
Well, I'm not sure I'd argue with you about it not being a "mandate", but then again when Clinton was re-elected in '96 only about 36% of the voters bothered to vote and of those 49% voted for him, so that means that out of all of the citizens of the United States less than 1 in 5 actually gave enough of a hoot to bother voting for Clinton yet the Democrats were saying that HE had a mandate.

Fair's fair.

John Stricker

 
quote
Originally posted by NEPTUNE:

On planet EARTH, 51% is not a mandate.
Pretty lame for a "war president" who ran against a weak opponent and used every dirty trick in the bookto win..
Anyone noticed that the value of the Euro has gone up recently, while the value of the Dollar has gone down?
Maybe "borrow and spend" isnt such a sound fiscal policy after all.

[This message has been edited by jstricker (edited 02-27-2005).]

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NEPTUNE
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Report this Post02-27-2005 12:45 PM Click Here to See the Profile for NEPTUNESend a Private Message to NEPTUNEDirect Link to This Post
 
quote
Originally posted by jstricker:

Well, I'm not sure I'd argue with you about it not being a "mandate", but then again when Clinton was re-elected in '96 only about 36% of the voters bothered to vote and of those 49% voted for him, so that means that out of all of the citizens of the United States less than 1 in 5 actually gave enough of a hoot to bother voting for Clinton yet the Democrats were saying that HE had a mandate.

Fair's fair.

John Stricker

I don't recall the "Clinton Mandate", but I am getting old.
I do remember a balanced budget and no deficet spending.....

Wrong is wrong.

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Formula88
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Report this Post02-27-2005 12:59 PM Click Here to See the Profile for Formula88Send a Private Message to Formula88Direct Link to This Post
 
quote
Originally posted by NEPTUNE:


I don't recall the "Clinton Mandate", but I am getting old.

Of course you don't. It doesn't support your argument.

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