Nineteen Eleven

Your analogy about the drug user/drug dealer dynamic is utterly hollow. The act of taking out a mortgage on a home is not a 'drug'. Nor is it inherently addictive.

The Americans are enjoying the present at the cost of selling off ever larger chunks of their future. Arguably, the imminent economic crisis is the most thoroughly predicted one in recent history. Rather than refuting the crisis, the current US economic boom merely heralds it.

Biologists have observed similar phenomena in plants contaminated by toxins. Before they wither, they produce one last batch of healthy shoots -- to the point that they can hardly be distinguished from healthy plants. Some speak of a panic bloom.

We have one side that literally creates an entirely seperate opaque banking and credit system in order to bypass regulation to fund its habit, and the other side...well it took a loan to buy a house that had the possibility of having its rate jacked up. Do you see a difference here?

Imagine for a moment that someone inherits a farm. Let's say that the farm has good topsoil, a good well, good breeding stock, good seed, and excellent farm equipment in good repair. Prior to passing into the control of the present owner the farm did a good business selling vegetables, meat, and dairy products to the local market, and it made a small profit.

But let us suppose for a moment that the present owner of the farm doesn't understand farming, or isn't even really interested in learning. The present owner has no objection to standing around looking good, so he stays at the farm, standing in front of it, looking good to passers by.

Of course, the bills still come in, so our farmer puts them on his credit card. When that bill comes due he uses another credit card, Then another. Pretty soon the interest payments alone are higher than his bills and the banks get nervous and call him. No problem. Our farmer sells the tractor, takes the money around to the various credit cards, the food store, the utilities, and pays off all his bills. Then he stands around in front of the farm looking good to passers-by, the lord of his domain.

Will, the bills still come in. Again the credit cards get loaded up. So, this time our farmer sells the harvester. Then later on, the cattle, then the chickens, then the seeds, then he leases the well to his neighbor and finally sells the top soil from his farm to another farm down the road whose soil is getting tired. The cash is taken around to the various creditors, the food store, the utilities, etc.

Now at this point, our farmer thinks everything is okay. The bills are paid, he has a little cash in his pocket, and everything is fine.

Of course, you know better. The farm simply does not exist any more; it's just an empty lot with a few buildings, and soon they will be gone as well. The path from the farmer's present condition to seizure of the property for unpaid taxes is a foregone conclusion, even if the farmer doesn't look far enough ahead to see it.

Poor, dumb, stupid farmer.

That farmer is the American people, the government, and our business leaders.

Just as our hypothetical farm has lost its soil, livestock, seed, and farm equipment, America has lost its manufacturing ability.

Our nation is broke, bankrupt (when it loses the reserve currency status that is), and having sold much of its machinery and technology (or given it away to political donors), is unable to easily return to those endeavors which once made our nation great. Our infrastructure is in decay (the percentage of roads in the US with major damage doubled last year alone), our public schools unable to produce a workforce able to function in a high-tech manufacturing environment, and those managers end engineers with manufacturing experience have in great part been lured away to other nations. The severity of our total government debt has reached a point where the promise that the taxpayers can be made to cover any foreign investment loss rings hollow, because we can no longer pay the debts our government has now.

Our nation is in trouble. We don't make many of the products we used to make. Consequently we don't have the products to sell that we used to. We don't even make most of the products we need ourselves (like that computer you're staring at this very moment). Result: we have a massive trade imbalance. Our nation is becoming poorer, it is hopelessly in debt, and all the artificial escalation of stock/home prices cannot conceal that.


And as the artificially pumped up stock and housing market continues to decline, the true scale of the economic horror which is the product of decades of mismanagement, will become apparent to all

But it's time to untie Detroit. Because we may be a few steps behind the rest of the country, but we're a few steps ahead of it too. And what's happening to us may happen to you.

Do you think if your main industry sails away to foreign countries, if the tax base of your city dries up, you won't have crumbling houses and men sleeping on church floors too? Do you think if we become a country that makes nothing, that builds nothing, that only services and outsources, that we will hold our place on the economic totem pole? Detroit may be suffering the worst from this semi-Depression, but we sure didn't invent it. And we can't stop it from spreading. We can only do what we do. Survive.

And yet we're better at that than most places.

Enough. We're not gum on the bottom of America's shoe. We're not grime to be wiped off with a towel. Detroit and Michigan are part of the backbone of this country, the manufacturing spine, the heart of the middle class -- heck, we invented the middle class, we invented the idea that a factory worker can put in 40 hours a week and actually buy a house and send a kid to college. What? You have a problem with that? You think only lawyers and hedge-fund kings deserve to live decently?

Today's snowdrift will become tomorrow's avalanche. The masses of snow are already **** at breathtaking speed. The avalanche could happen tomorrow, in a few months or years from now. Much of what people today think is immortal will be buried by the global currency crisis -- perhaps even the leadership role of the United States.

Call me when you rejoin reality.

rehpyc wrote:man, and here I thought GotFrag was the end of dealing with THRASHER and ThatsRight

unpro wrote:it would be bad, if he wasnt on a thread with the debate going, and he wasnt behaving himself.

hes also made many fair counterpoints to what is being said, and isnt being a dick about it. however some of you guys are being a dick to him for him disagreeing with you and presenting reasons as to why he disagrees. calling someone an idiot because they hold a different viewpoint than you is dumb as shit, stop.

hes also capable of articulating the exact argument i was making earlier much better than me. kudos to him for taking the time.

ps: i linked that vid like 8 pages ago bitches.