Where is the US economy headed?

@spendius,

Your ignorance is beyond the limits; that I enjoy world travel has nothing to do with "you." You can ignore all my posts on able2know to remain detached from my opinions, travelogues, and jokes. Just click on my pseudonym, and click on "Ignore." I plead with you to do so - now.

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CI, you seem to think that the head of the NY Fed has no power. I disagree. Further, I wager he was in somewhat constant communication with Greenspan. Do you think that Greenspan had necessary powers? As I mentioned, there were clear indications that there were malignant doings on Wall Street. What alarms did he render concerning them. There were none, I think.

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@Advocate,

Show me where I stated "...that the head of the NY Fed has no power?" Do you really need to read into my statements not stated by me to make your argument?

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@hamburger,

Quote:

i have worked for my pension and saved money - and after paying my taxes , i'm going to spend the rest of my money the way i want !!!
and i will have "joys" (multiple) doing it .

Bollocks. Define "work". The job was created for you. Society did it. You would have been lost without it. Unless it was real work it was entertainment.

And society will go on after you. The kids and the unborn, the ones that get through the liberal gauntlet, might not be best served by this ", i'm going to spend the rest of my money the way i want " shite. If a pig could talk that is what it would sound like.

I don't get to decide anything.

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@cicerone imposter,

Quote:

Just click on my pseudonym, and click on "Ignore." I plead with you to do so - now.

Not a chance ci. You could always piss off yourself instead of making your daily doings a status symbol. Filling the skyways with poisonous artificial clouds. Why do we want to know about that?

Sod off.

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@spendius,

Yes, spendi, hbg worked for his pension and saved money. His definition of work will never resemble how you define work, because for you the very fact that bending your elbow at the local pub is "work."

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@cicerone imposter,

Tell it to the Marines ci. You're wasting your time with coffee morning niceties with me.

I didn't say hbg didn't work and saved for his pension. All I said was that I'm not taking his word for it. And he couldn't have done it without his parent's generation. And the "I'm going to do what I want with my money" is one hell of a selfish statement. And profoundly contrary to Western Christian thinking. It justifies some pretty wierd stuff. Madame de Pompadour for example.

His money is an inheritance. A trust.

You're no socialists.

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@spendius,

spendius wrote :

Quote:

The job was created for you.

by whom ? the great creator ?

Society did it.

what is this "society" you are talking about .
i have never considered myself to be outside of the society that i live in

You would have been lost without it.

you make some definitive statements without backing them up , don't you ?
as far as i know , i have never been lost - or at least found my way again - i'm still around .
i believe that it was my parents and my teachers - but also a few others - that taught me how to find my way through the puzzle of life .

Unless it was real work it was entertainment.

what's real work as defined by you ?
does agriculture and construction count - or is that entertainment ?
(btw i've done that but found "greener pastures" - and i believe i was still doing work that others (society) appreciated .
being a teacher of adults was really the most rewarding work for me - i can assure you it was NOT the money ) .

(agriculture might be "entertainment" for the lord of the manor but not for the farm-worker - i wasn't a lord of the manor .
construction might also be "entertainment" for the owner of a large construction company - i don't qualify here either . )

Quote:

And society will go on after you.

i'm quite sure of that .
i am also reasonably sure - but could be wrong - that people will become ever more liberal - and i am not talking about "liberal" in a political sense .
even those that are politically conservative can nevertheless be quite liberal
in their work and views .

Quote:

The kids and the unborn, the ones that get through the liberal (*** see below) gauntlet, might not be best served by this ", i'm going to spend the rest of my money the way i want " shite.

those darn liberals .
should "liberals" be blamed for abolishing child labour in britain ?

how you managed to sneak "the unborn" in there , i don't know .
i'm sure "liberals" are at fault for bringing in legislation that allows mothers paid time off before and after birth - that's helping the unborn imo .

If a pig could talk that is what it would sound like.

from what i remember pigs are able to display both pleasure or displeasure quite well - they don't waste much time talking .

take care .
hbg

*** liberal:

Quote:

a. Not limited to or by established, traditional, orthodox, or authoritarian attitudes, views, or dogmas; free from bigotry.
b. Favoring proposals for reform, open to new ideas for progress, and tolerant of the ideas and behavior of others; broad-minded.

btw there is no need to use the word "shite" as far as i'm concerned -
say what you mean - if something stinks it stinks , it doesn't just have an "aroma" .

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@spendius,

spendius quoted hbg and wrote :

Quote:

And the "I'm going to do what I want with my money" is one hell of a selfish statement. And profoundly contrary to Western Christian thinking.

i have worked with many christians of different religious affiliations ; i've also partied and vacationed with them - including ministers , priests and even a bishop and his wife .
they never told us that enjoying life was "profoundly contrary to Western Christian thinking " .
perhaps you would not have approved of them - i found them to be members in the society we live in - no better , no worse .
they probably would have had too much "liberal" thinking to satisfy you .
hbg

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@hamburger,

I just wonder if spendi even worked in his whole life. LOL

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@hamburger,

Are you equating the spending of money with enjoying life?

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@spendius,

Most definitely. Have you ever seen humans without money? They worry about food and shelter daily; do you think they enjoy life?

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@cicerone imposter,

Only those who can get enough to buy a bottle of cheap Tokay? Rolling Eyes

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@Lightwizard,

That's if they can beg off that dollar from a stranger.

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@cicerone imposter,

Quote:

Most definitely. Have you ever seen humans without money? They worry about food and shelter daily; do you think they enjoy life?

Yes--I have seen people without money.

And we were not talking about subsistence. It was cruises and trips to exotic locations.

I have a theory that spending money in your manner is a device to work the "customer is always right" principle. That it buys subservience which some people crave and can't get in the ordinary course of events due to their personal limitations.

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@spendius,

You miss the whole issue of money; after we have enough for food and shelter, it's okay for us to spend what we have to increase our pleasures, and that includes travel - near and far.

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since the topic "where is the U.S. economy going" is getting somewhat cluttered by posts that (imo) don't have much to do with the economy of the united states and the world but more with LIFESTYLE , i am starting a new topic "enjoyment of life" .

there are some posts under "where is the U.S. economy going" that i would like to see further discussed there .

anyone care to join in ?
hbg

it starts here :
http://able2know.org/topic/128265-1#post-3543155

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getting back to the " U.S. economy" :

Quote:

Chrysler Signs Deal That Gives Fiat a 35 Percent Stake

Ailing Chrysler yesterday agreed to give Fiat a 35 percent stake in the company in return for access to the Italian automaker's line of small cars and international sales network.

The alliance of the two companies provides no cash to Chrysler, but the company's chief executive Robert L. Nardelli told stakeholders in a letter that he hoped the deal would bolster the automaker's case for additional federal loans by strengthing its offerings. The nonbinding agreement is subject to approval by the Treasury and Chrysler said it hoped it would be complete by April.

"You're taking two big automakers who have gaps in both their products and geographic reach and you're filling those gaps," said David Elshoff, a Chrysler spokesman. "They fit like pieces in a puzzle."

that's what daimler thought too - OUCH !
we were visiting in germany when the daimler-chrysler deal was announced .
i told my b-i-l (a MB driver for many years) that henceforth he would be driving a chrysler . he bought a new MB about a year after the "arrangement" - the car was a true "lemon" .
he told me last year that MB took his car back at full price paid and offered him a new MB - he did and seems more satisfied with his new benz .
(it still cost him a few extra euros )

by the time daimler ditched chrysler , daimler had just about dropped to the bottom of german cars in respect to "reliability " - and D lost a bundle .

http://www.washingtonpost.com/wp-dyn/content/article/2009/01/20/AR2009012000472.html?hpid=topnews

a new chrysler car for the american market : FIAT TOPOLINO

http://www.gnomad.de/wp-content/uploads/2007/03/fiat500_1.jpg

it's a real gas (saver)
by attaching a handle to the top it becomes useful as a handbag <GRIN>

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@hamburger,

it could be a great deal for Chrysler if the company were to survive for three more years. This does not seem likely. This is a hail mary from two companies who need to connect on one if they are to live. On the plus side Fiat was supposed to die years ago, but did not, and Chrysler's current owners would be happy to be able to give the company away.

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@hawkeye10,

a/t german financial news , FIAT will not be putting any money into the chrysler deal , but only make its technical know-how available .
the shares of european automanufacturers are apparently rising slowly and fiat is considered a "hold" .
fiat has made a good profit in brazil but is scaling back operations there .
hbg

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Where is the US economy headed?

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