Jim, there was a reason that the government made up regulations that separated insurance, banking, and investment interests years ago. It was a little something called The Great Depression. So when psuedo-conservatives--conservatives in name only--came in striking up the band for deregulation of these industries, it just showed how short the memories--or lacking the history education--were of those in power.
Now, if you tell someone that they are now allowed to do something they previously couldn't, how long do you expect them to NOT do what you just allowed them to do? That's how we got where we are today. Greed today and greed in the 1920's are the same...and business has no morals if the people there are driven by profits over principles. Business isn't inherently bad, and never has been; but unregulated human nature has ALWAYS been bad.
So now the taxpayer gets the bill, so far to the tune of a TRILLION dollars, give or take a few billion. Without the bailouts of the past few weeks, the economy would've already started toppling like a bunch of dominoes. And worse yet, there's no guarantee that it still can't happen, because this problem goes a lot deeper than we've been allowed to see. You certainly don't think the Freddie Mac and Fannie Mae bailouts occurred on a Sunday strictly by accident, do you? Wall Street is closed on Sunday.
So how does the country bail out of this mess, without raising taxes? Simple...they print up tons of money, and the dollar becomes worth less and less, just like the currency of third world countries like Zimbabwe. There's simply NO good outcome to this, IMHO. "A loaf of bread for a denarius," indeed... And with China owning most of our debt, two possible scenarios arise: either China starts refusing to buy any more US government debt, and the nation goes bankrupt alone, or China decides to collect on what we owe her by forcible repossession, i.e., taking over this country.
So don't worry about losing your equity in the family farm...because it's not just the farm, it's the entire nation that's at stake here...and China's not going broke anytime soon; can the USA say the same?
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - The Ferguson System Principal An implement cutting through the soil at a certain depth say eight inches requires a certain force or draft to pull it. Obviously that draft will increase if the implement runs deeper than eight inches, and decrease if it runs shallower. Why not use that draft fact to control the depth of work automatically? The draft forces are
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
