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July 11, 2007

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james pratt

"Lady Bird" -- Even the name rings with a touch of class. I was a teen with two brothers in Vietnam during those turbulent years, and there was something about the matronly steadiness of the lady that reassured me the world hadn't gone entirely mad.

"Lady Bird" -- Maybe God was in his heaven afterall during those dizzinging days of cold, hot, and moral war madness...and you, Lady Bird Johnson, were sent to simply steady a very out of control leader-ship caught in rough seas.

Blessings to the family who had one of the "greatest generation" really live up to the name.

James
http://www.jmpratt.com/
http://jmprattcom.blogspot.com/

Keith

While she was projecting a stoic image. She was also collecting FCC Licenses for radio and TV.

This is a fuzzy recollection of mine. I think you may be too young to recall, Monica.

The Tired Old Man

Its hard for me to separate Lady Byrd from Lyndon. Looking back at the
history, one must appreciate what position LBJ placed the country in by
pursuing the grand escalation of the Vietnam War (minus the decisive
victory) and then trying to promote the War on Poverty. This Guns and
Butter agenda so overpowered the ability of Americans to pay the tab,
that the US was eventually forced to abandon the Gold standard
(under Nixon) in 1971. This heralded in the final phase of uncontrolled
government spending which was the inevitable result of Keynesian
economics and among the most irresponsible policies ever promoted
in US History. It has done a number of things which has damaged
American Society. Among them is to create budget deficits and two
supposedly opposing political parties who both spend money they do
not have, via the printing press. As a result, taxes have increased and
the father, who use to make enough of a salary to pay for a home and
the care of children, was no longer adequate. The wife was forced to
leave the home to go to work.

This unfortunate economic imperative led to the new Feminism of the
1970s where women moved into the workplace, now to compete with
men instead of looking to be their partner. This was a major paradigm
shift in the culture of America which then led to a generation of latchkey
children with no constant monitoring, as when the mother was always
in the home. We have really let them muck this thing up, haven't we?

Not only does our money not hold its value, but our VALUES do not even
hold their value. I see this as a degeneration in our society. Not to blame
it all on LBJ, but the influence of big government designs that have been
adopted since FDR, have done their best to make several generations
of Americans not look toward themselves for advancement, but toward
the Federal Government. Whatever shortfalls that we do not realize in
our personal lives, many of us expect the Government to subsidize,
whether it be health care, job growth, "promoting" free trade, or
supporting the stockmarket. All of this would have been unthinkable
to the parents of those who we now call "The Greatest Generation."
It is now obvious that this is what has ushered in Socialism to the
United States. It is probably not a coincidence that the Federal
Reserve System was created at about the same time that the
Bolshevik Revolution happened in Russia. They appear to be part
of the same wave of "command and control" ideas that were adopted
in the world (-- perhaps an example of Jung's synchronicity of events.)
This is the idea that a man, or group of men, could somehow be wise
enough to determine what is best regarding the economics of all the
rest. Its close to a banker's idea of heaven, no doubt, and about as far
from the Christian ideal of placing one's life in God's hands, as could
be dreamed up. Plan, plan, plan -- as if we controlled all the world and
could successfully plan for all contingencies in our supposed ultra
omniscient human condition.

Since the inception of the Federal Reserve System prior to 1920, the
US dollar has lost approximately 95% of its buying power. We no longer
base our currency on a scarce commodity such as gold, but on WORDS.
What is worse, it is the words of politicians. And whether these politicians
are Republican or Democrat seems not to matter, since they both spend
more money each year than the Government collects in revenues. Both
sides have adopted the same strategy promoted by Central Bankers,
which is to inflate. The result is that the normal person has to become
a shrewd investor or face the prospect of falling far behind in this battle
for the buck. We have no choice but to compete and can no longer keep
in under our mattress. For if we do, then we lose the little we have
gained just in the process of time. They have made sure of that.
Currently the prices for everything are rising (except maybe bananas).
Anyone who shops for food, a car, a home, a wife or just about anything,
knows that its all more than you can really afford.

Thanks FDR, thanks LBJ. Thanks Mr. Carter. Thanks Mr. Clinton. And
to George W. .... you have your dirty little hands in this too. And don't
blame 911 for everything. After the Towers were attacked, this was the
excuse to remove all budgetary restraint. If you think I am wrong, then
somebody please show me where they have cut spending recently? Has
it ever been cut to a level BELOW what the government will reasonably
collect in taxes for the following year? Have we ever really lowered tax
rates to a level that even a low wage person would want to afford?
They have not and probably they do not plan to. Would anyone take
my words seriously if I suggested that the government only charge
10% from incomes at all levels? Then would these words be any more
credible if I suggested, any higher spending than what that 10% will
cover for the year, should be cut with extreme prejudice? I worked my
fingers and mind to the bone. Got an education on my own, which is
the only way you really get one, by the way. I tried for much of my life
to promote the right people to power, including GW... people whom
I thought would help the country out of the mess it has gotten in,
and now I am tired. Every election they promise us, if we just vote
for this next guy, then all of our problems will be solved. This is the
first election up ahead when I will not be buying that line again. They
are currently asking me to place my heart in Fred Thompson's hands,
that he'll be the new Ronald Reagan. I guess I am just a little bit too
old now to believe that one again. And I am certainly not going to
believe another Clinton is going to herald in good times. More
socialism never solved anything but to make us all more dependent.
I have said I am tired and I certainly am, but mostly I tire of all the
talk which is in lacking of the walk. When will you get tired too?


gringoman

Tired Old Man:

Pretty good diagnosis of the National Condition. It can't really be reduced to a bumper sticker, but that won't stop gringoVision from: LBJ's "Great Society" was FDR's New Deal on Steroids.

ps Despite the MSM glibocracy, everybody knows that Fred Thompson is not Ronald Reagan. Even FT knows it. But who else gets even that close, causing Dems such fear, if not loathing? Which means Fred Thompson will undergo extreme scrutiny, bordering on inquisition, and should. Since he's not Ronald Reagan, what exactly is he? Equally important: What will he be? Folks want to know. And they will want to know how captive is he of the border-busting Jorge Bush Bidness Globalistas and their North American Union schemes. We already know about the other top-tier "Republicans."

gringoman

Tired Old Man:

Pretty good diagnosis of the National Condition. It can't really be reduced to a bumper sticker, but that won't stop gringoVision from: LBJ's "Great Society" was FDR's New Deal on Steroids.

ps Despite the MSM glibocracy, everybody knows that Fred Thompson is not Ronald Reagan. Even FT knows it. But who else gets even that close, causing Dems such fear, if not loathing? Which means Fred Thompson will undergo extreme scrutiny, bordering on inquisition, and should. Since he's not Ronald Reagan, what exactly is he? Equally important: What will he be? Folks want to know. And they will want to know how captive is he of the border-busting Jorge Bush Bidness Globalistas and their North American Union schemes. We already know about the other top-tier "Republicans."

JB Vaughn

I can sympathize with the words of THE TIRED OLD MAN. There are
many illusions spun by the government that try to convince us we are
doing better financially than we really are. But those prices keep going
up up up. For instance, this past week we had some good movement in
the stock markets here in the U.S. After some bad returns post-year 2000,
we have now clawed our way back up to levels that exceed the old nominal
highs for the Dow Jones Industrials FINALLY. One day this week the Dow
was up a phenomenal +283 points! This certainly put a damper to the
naysayers, but let's look at what the U.S. Dollar lost since just it topped
out in 2001. Six years ago the dollar index was sporting a value of 120.
Today this index is only a half-penny away from the 80 level. This means
that versus a trade-weighted basket of foreign currencies including the
Euro, during the last six years our greenback has fallen to a level which
reflects almost a full 34% loss in purchasing power. Imagine if you were
a foreigner holding United States debt instruments, or Dollar-denominated
U.S. stocks. Say you were a European investor. Then in terms of the
translation back to your home currency you would have made that gain in
the Dow perhaps, since 2001, but MINUS the 34% loss in the dollar. Well,
you say but we are all Americans here. What do we care if some European
loses his moolah on some speculation in the U.S.? Well, the answer is
that U.S. investors also bear the brunt of that Dollar decline.

Want to have some fun? Then go to one of the popular stock charting
websites like Stockchartsdotcom and do a ratio chart comparing
your favorite US stock index or mutual fund, to the rise in a basket of
commodites like the CRB index. You should learn to feel comfortable
thinking in these terms because this is the way an international citizen
and global investor would think. So, the result will be that you get a chart
whose shape will reveal to you whether the money you think you have
gained, is truly keeping up with the rising costs that you are doing the
comparison against. FORGET WHAT THE GOVERNMENT IS TELLING
YOU about inflation being only 2-3% per year. That is all hogwash. If you
check out the real value you are making, you'll have to wonder why you
are even taking the risk of being in that stock market. Its funny that
THE TIRED OLD MAN is bringing up the issue of gold because I was
just thinking about this today. In this period when the Dollar fell from 120
down to 80, gold has risen from about $250 per ounce, to over $700.
The stock indexes associated with gold mining rose about 1000%
since year 2001. What is really amusing is, after Monica's show went
off the air about 60 minutes ago, I was listening to Bob Brinker. He was
there bragging how since he went long stocks in 2003, the S&P500 had
yielded him a whopping 100%! ~~ Well, big deal. You lost 34% in foreign
purchasing power, meaning you really only made about 66% in 4 years.
Oh, and this number ignores the capital gains taxes. But without that
little extra curve ball, you are talking just 16.5% per year. And that is
IF you were a good enough timer to throw your precious capital all in
there in March of 2003, right after our troops took Baghdad. If you are
like most people, you forgot to sell in 2000 and only broke even just
recently on your retirement account. Or, you sold after it already went
down and then were too scared to do anything when the low was made.
But 16.5%? Was that enough return after inflation to justify leaving your
money in a market that could take a hike without warning, given the fact
that those Arab crazies could have done a London style attack at any time
during the last few years? I don't think so. But that 1000% would have
been enough to cover most any scenario, short of hyperinflation. Hence,
this proves THE TIRED OLD MAN's point and a cogent point it was: that
had our dollars been tied in with gold, we would have not nearly had as
much risk in our economic outlook as what we have today. But we have
allowed politicians, bankers, and economists to talk us into ignoring the
reality of common sense. Good as Gold means Gold is Good. I'd rather
stick with a winner than risk my future on the guess of some wild-eyed
pseudointellectual creep on TV or behind a microphone in Washington.
I am thankful you brought this up, OLD MAN. You may be tired but your
words are fresh. Have a good one.


http://stockcharts.com/h-sc/ui?c=$usd,uu[m,a]daolnyay[dd][pb50!b200][vc60][ilb14!lh14,3!la12,26,9]


Ree

Monica,

FakeMonica has shown up on the fake imus blog...commenting on the last entry by Bill Clinton.

http://fakeimus.blogspot.com/

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