What Needs to Happen?

[frodo82801]

Economy is weakening. What needs to be done, if anything, to help it come back?

[Stevangelist]

Economy is weakening. What needs to be done, if anything, to help it come back?

Amero? :heh
Euro? :heh
North American Union? :heh

People are beginning to wonder! :thinking :faint :tinfoil :aha

[Nova]

Economy is weakening. What needs to be done, if anything, to help it come back?

I think that is the question on everyone's minds. According to a recent poll here on the Econ board, we all think things are going to get bad. But how bad is the question.

In terms of what can "fix" the American economy, I'm for business growth. Nothing else (including government programs) generates wealth & jobs. Despite CEOs who run companies into the ground & still get multi-million dollar packages, I still believe free enterprise is our best shovel to dig ourselves out.

The recent "economic stimulus" package is nothing other than a "feel good" response. Okay, I take that back. It is supposed to include some business incentives. But it doesn't address the factors that will really stimulate business.

My take is we are in a "catch 22." The FED is lowering the interest rates to promote spending. While printing (or electronically circulating excess cash) which is tanking the spending power of the dollar. I don't see any easy fixes.

The derivative mess is yet to play out. Banks & investors have something like $125 billion (yes, I think that is the number I've read) in bad projections. And bonds are likely to tank soon.

Net result is banks will have hard times. Pension plans will take a big hit if they need to sell their bond holding because insurers have dropped rating.

I'm looking forward to what others have to share.

[farmgirl]

Short answer? If my people pray...

If our nation turned to God, we would experience prosperous times. If we continue to reject him no strategy will save us as a nation.

I know that's not the answer you were looking for, but it is the only one in the end.:idunno

[Cowgirl4Christ]

Short answer? If my people pray...

If our nation turned to God, we would experience prosperous times. If we continue to reject him no strategy will save us as a nation.

I know that's not the answer you were looking for, but it is the only one in the end.:idunno

Oh boy, do I agree with you! I know a more "practical" solution is being sought as an answer here. However, seriously.... things ARE that bad folks. And, as I talk to people (I make visits to homes of parents of prechool-aged children... all kinds of people from all walks of life), I am just now getting the sense that people sense things are getting bad, and will do so, fast.

I just think that so many things are at a fever pitch. Globally, nationally, locally. At every level. How can you not look at the big picture and see it? We just need to be praying. And drawing close, very close, to the Lord!

[Nova]

If our nation turned to God, we would experience prosperous times. If we continue to reject him no strategy will save us as a nation.

I both agree & disagree. God never promised to saves us from the consequences of our own willful choices. And I think we have squandered our blessing on ourselves, vs on what God would will us to do. There is a fine line between saying "We are a Christian nation-no harm can befall us." Vs realizing we are self absorbed & are about to reap what our actions cause. Read the writing of Jeremiah to see what I mean.

The best course of action is to accept our own failing & confess them. Then fall on God's mercy & plead that He help us. If we have to suffer-scripture says we should suffer NOT for our own sins. But for the fact that Jesus Himself suffered for the unworthy-the lost-the needy. We should be blameless (which we aren't.) Greed & apostasy have lead us to where we are.

[mikenelson]

There will either be a rough recession, with some semblance of hope coming out of it if there were to be a new type of bubble that arises, or the bottom is going to fall out.

I really think that the credit bubble is the last bubble possible in the type of cyclical capitalism we have, and that after that there has to be an extreme purging/change/whatever else in order for things to level out again. A recession is natural and inevitable, but unfortunately the financial market has been so manipulated and abused that it's going to be much worse than the recessions we've seen in awhile.

I'm sure the FED and Washington is hoping they can lower interest rates, to zero if necessary, to keep the banks open and pass "stimulus" packages to keep the citizenry from panicing and closing their wallets, and maybe that'll get us through until this credit market crisis can be resolved. Then they just have to deal with inflation. These are the old tried-and-true ways, and that's all they really have.

In the process though we'll lose many institutions to foreign entities, and there will eventually be a new currency and economic center of the world that isn't based in the United States.

It's all in the Bible (embellished a little ;) )

[Issachar]

The "fix" will take a joint effort on the part of the people and the government. The only sort of economy that can truly work is a free enterprise economy. Though that is what we purportedly have in the US, it is far from accurate. The system has been bastardized over the past century to something barely recognizable as "free enterprise". The unconstitutional transfer of control of the money from Congress (U.S. Constitution Article I; Sec. 8) to a private entity; a central bank called the Federal Reserve Bank/System which is neither federal nor a reserve. The name was actually devised as a ruse to reduce concern on the part of the American people. Under this guise, the central bankers, in conjunction with government officials, especially of the Treasury Department and heads of large corporations have done much damage to the economic system. Though government has no Constitutional authority to spend more than they have revenue for, they do it today to the tune of hundreds of billions of dollars annually and it is funded by debt.

This is a 47 minute video that will make so much so clear about the world we currently inhabit. It is produced so that lay people, such as us, can get a pretty good understanding of the economy. Even if you don't think it matters or is not interesting, check it out anyway and then decide if it was worth viewing.

http://video.google.com/videoplay?docid=-9050474362583451279&q=money+as+debt&total=126&start=0&num=10&so=0&type=search&plindex=0

Imho, the fix necessary will not happen because it will require a huge reduction in selfishness. I happen to believe that selfishness is the antithesis of godliness and selfishness is prevalent in society now which accounts for the levels of godlessness in society. It would be one thing if a nation's government was opposed to and outlawed issues such as abortion, porn production and distribution, etc. and there were individuals that violated those laws within it's population but quite another thing when the government of the land sanctions those things and even goes beyond that and continually attempts to ban God from it's society. Yet that is where the US is today. The necessary reduction in selfishness can ONLY come via dying to self which can only come via being born again and yielding to the will of our Father in heaven.

Romans 10:
13 *For whosoever shall call upon the name of the Lord shall be saved.
14 *How then shall they call on him in whom they have not believed? and how shall they believe in him of whom they have not heard? and how shall they hear without a preacher?
15 *And how shall they preach, except they be sent? as it is written, How beautiful are the feet of them that preach the gospel of peace, and bring glad tidings of good things!
16 *But they have not all obeyed the gospel. For Esaias saith, Lord, who hath believed our report?
17 *So then faith cometh by hearing, and hearing by the word of God.

There is a fix, but I believe that the only hope for it to happen is by the salvation of individuals; individuals responding to a full preaching of the gospel and by that I mean, one that calls folks to repentance; not the "live happily ever after" stuff.

Short of that, things will continue to wind down at an exponential or nearly exponential rate. The root problem is spiritual.

Issachar

[jds6958]

HOW TO FIX THE US ECONOMY & FINANCIAL SYSTEM:

(this should sum it up)

- dismantle the US Federal Reserve
- back the USDollar with gold or silver or coal or Great Lake fresh water
- balance the USGovt budget
- end all monetization efforts to support financial instruments
- enforce all regulations against outsized futures contract positions
- remove all lobbyists from Congressional contact
- dismantle the military defense network with contractors in US firms
- end all fractional banking practices (lend 10x deposits)
- tighten all financial accounting, with felonies charged routinely
- severely limit the credit derivative contract creation and its system
- prosecute the fraud from the $1500 billion Fannie Mae theft (1988 to 2000)
- separate Goldman Sachs from Dept Treasury, due to insider trading risks
- separate JPMorgan from USFed, due to insider trading risks and extreme collusion
- prosecute JPMorgan for serving as the Enron instructor
- end all illicit talks between stock & commodity regulators with Wall Street
- require 30% down payments on all home mortgage loans
- end all private deals between Chinese leaders and Wall Street for IPO stocks
- dismantle at least 75% of the foreign US Military bases, bring soldiers home
- dismantle all US security agency participation in contraband trafficking
- dismantle the Bank of Baghdad as central clearing house for that trafficking
- dismantle all tight relationships with USMilitary and Halliburton
- install a broad manufacturing base in the United States, even if attached to prisons
- institute framework for foreign receivership of US capital structure and policymaking
- give China, Japan, Saudis, and Persian Gulf Coop Council seats on US Prez Cabinet
- give China, Japan, Saudis, and GCC veto power on US federal budget approval
- create a Cabinet level post of Special Prosecutor with ties to International Courts
- create a Cabinet level post to manage the housing & mortgage Resolution Trust Corp
- encourage numerous voter referendums annually, which bypass Congress
- reduce the influence of Israel in dominating security and military related policy
- forbid any US citizen from working as World Bank or Intl Monetary Fund directors
- end all tax incentives to relocate business overseas (which kill US jobs)
- end the Alternative Minimum Tax burden completely
- rescind the Medicare payment system and its entire program
- install legitimate economic statistics for GDP, CPI, Jobs, and more
- install proper Cost of Living Adjustments in Social Security and USGovt pensions
- install tax incentives to save from income outside the 401k & IRA pension systems
- dismantle all the concentration camps (230 of them) on US soil, recently completed
- reopen a 911 Commission to issue a verifiable report, not a whitewash report
- end all chemtrail experiments in the upper atmosphere to control weather
- begin massive US infrastructure repair, a reconstruction initiative with foreign funding
- admit to the world that the Untied States has become a Third World nation

So, how likely is the above going to happen???

http://news.goldseek.com/GoldenJack***/1199461473.php

[Issachar]

back the USDollar with gold or silver or coal or Great Lake fresh water
:aha I live next to Lake Erie. You better have it backed by the Great Lake fresh water AFTER it is cleaned. :hat

Issachar