In 1979 Howard Ruff published How to Prosper During the Coming Bad Years."

http://en.wikipedia.org/wiki/Howard_Ruff

In this book Ruff predicted an inflationary depression, and warned, "I would not want to live within ten miles of Harlem when the welfare checks bounce."

He predicted that the banks would fail, and that the stock market would crash. He recommended that his readers sell their stocks, withdraw their money from banks, and buy gold, silver, and diamonds.

Inflation had been a problem since the inflationary recession of 1974.

Ruff blamed the inflation on what he did not like, which was anti poverty programs. In one passage of his book, he acknowledged a relationship between the price of gold and the price of oil, but he did not develop that point.

If you look at this website

http://www.inflationdata.com/inflation/Inflation_Rate/Historical_Oil_Prices_Table.asp

You will see that the inflation that began in 1974 and accelerated in 1979 followed increases in the price of oil that followed the OPEC Oil Embargo of 1973, and the Iranian Revolution of 1979.

Republicans are reluctant to acknowledge this because they dislike Keynesian economic policies in general and anti poverty programs in general, because they do not want to admit that foreigners they dislike have considerable control over the U.S. economy, and because they do not want to admit that America's dependence on automobile transportation is a national problem.

The decline in inflation after 1981, which Republicans credit to Ronald Reagan's economic policies, can more accurately be attributed to declines in the world price of oil, which were largely beyond Reagan's control.

Now Ruff is once again being seen as a prophet, and a guide on how to survive during the coming bad years. Nevertheless, before we take his advice, we should consider what happened to those who did in 1979 - 1989. The banks did not fail. The stock market grew. What did decline was the price of gold, silver, and probably diamonds. The price of property in New York City, even within ten miles of Harlem, boomed.

 

A broken clock is right twice a day...

Yep I have read the Ruff Times newsletter as far back as 1980
Lots of people on the band wagon these days...

I see it coming bad this time...
4 years ago I could buy a can of chili for 50 cents
today it is 1.86 on sale...

The way the govt figures cpi is just nuts...
If the price of a car goes up 20% but it is 18% safer cause of air bags it only went up 2%.....LOL

 

The highest inflation rate during this century in the United States was 4.1 percent in 2007. This year it is 2.0 percent.

http://www.usinflationcalculator.com/inflation/current-inflation-rates/

 

Actually I wouldn't even say they aren't needed, but I think certain investments should be taxed just like any other income. I don't think hedge fund managers should get paid millions in "carried interest" and only pay 15% federal income tax, and no Social Security or Medicare tax. I don't think anyone deserves to inherit $50 million estate tax free just because they hit the genetic jackpot. Like Warren Buffett said, he gave his children enough that they could do anything, but not so much they could do nothing. I'm fine with job creators getting tax breaks, but only if they actually create jobs, not just because they're rich. When was the last time Mitt Romney created a job? Anyone? Anyone? ........... Crickets

 

I went back and read Robert Laurie's post (as posted by tenguy). He said,

"We still have talk radio."

:excited::excited::excited::excited::excited:

Is he fucking delusional? Bragging about having talk radio makes about as much sense as bragging you have schizophrenia.

The right wing may have talk radio,





but the Democrats still have The Boss.

 

You are absolutely correct, my conservative ideals do not exist, that is they do not exist in your mind. There is no way that your brain can comprehend how true conservatives think, you are incapable of such rational thought.

There are many, on both sides of the aisle who believe in the same conservative values as I do. Are they in the majority? Not at all, this is why we are in the troubles that we are. The worst part is that a good number of the electorate have either forgotten the teachings of their parents or they are willfully stupid.

Lesson one: You can not spend more than you earn without incurring debt.

Lesson two: You should never borrow money to pay for luxury items.

Lesson three: You should never pay interest on a loan by borrowing to do it.

Our country is in a quagmire, not only public debt but private debt as well. We have forgotten the lessons of the Great Depression. But, trust me, you will soon be taught not to ignore them again.

 

Yeah, I saw that too, why did it take so long for someone to actually read the article.

That one phrase made me gag a little, but it's not enough to negate the real message.

 

:excited::excited:

 

I guess you were opposed to the economic policies of Ronald Reagan and George the Lesser then.

 

It makes no difference who does it, it is not good policy.


There are circumstances where debt is necessary, important projects and programs may need to be financed in a finite manner.

Example, if you are buying a house or car, it may require some debt. BUT, you should never take out a loan for a luxury, a boat (if it's not your livelihood), a vacation or something that you will not have before the debt is repaid.

 

What a long winded phony dodge tenguy but one I already predicted.

You said you would continue working for those who promote your conservative ideals and I asked you to name those people and already said you couldn't and wouldn't.

Thanks for proving my point.

 

Hey Stumbles how about you first actually try to understand what conservatives are thinking, instead of sniping at those who think in the abstract.

The list has been posted a number of times, you just seem to ignore it. However, there are fewer in this new Congress than there were, at one time I would have considered eight Democrats as being fiscal conservatives and 11 (maybe 12) Republicans. This is not shocking to me,we do not have a charismatic position to reflect on.

However, I'll be at least a little bit happier if the actions needed are taken by unsuspecting parties. Blocking additions to spending will not hurt my cause at all, and not raising taxes on some will also be received well by me.

We do not need to spend more, we need to spend more wisely. We do not need to tax a few unequally, we need to tax all equitably. We need to cut the number of tax exemptions, not expand them. The marriage benefit should be the first thing to go.

Now how do you think that would fly in Peoria?

 

More long winded bullshit tenguy. If there are all these people who uphold support your conservative values name them.

 

It would crash and burn like the Hindenburg. The only way the Republican Party can advance their policy of making the rich richer is through dishonesty. Try telling a white blue collar Republican that his taxes should go up to finance tax cuts for his employer, and see how quickly he becomes a white blue collar Democrat.

 

Remember that tenguy. Real simple. Just name those who best extend your conservative values.

 

If just once, you showed a smidgen of common sense and common courtesy, I would post the list. But, you have proven over and over again, that the only reason you want me to is to give you fodder for your ridiculous flaming war, forget it, I won't give you the satisfaction.

 

No you wouldn't and you never have because you can't.

Just like Paul Ryan now supposedly being the great conservative while he voted for everyone of George Bush's budget busting and deficit doubling proposals before President Obama got elected. Or Ryan demonizing the Stimulus Package while also raking as many stimulus bucks as he could for his home district.

Once again people like you preach the ideals of conservatism which actually sound pretty good. But that's not the way its practiced in this nation and never has been. That's why conservatism is the biggest and most expensive lie in the history of this nation. Its all one big two faced phony scam.

 

What Are Conservative Ideals?

tenguy,

I do not want you to leave any more than I want stumbler to leave. Each of you gives XNXX its unique personality. You and RandyKnight are the only right wing posters here who can fill a computer screen with your own writing, and no errors of spelling, capitalization, and grammar.

When the others are not copying and pasting hot air from ideological websites they are making the kinds of mistakes that would have probably kept me from graduating from high school, and which would certainly have caused me to fail freshman English.

At the university I attended freshman English was a flunk out course. The idea was that if you did not know the basics of reading and writing it did not matter what you were majoring in, you could not do it.

Anyhow, what are these "conservative ideals" you mention, and how do they translate into actual government policies? I mean, it is nice to say that you are in favor of lower taxes, a strong national defense, less government, and a balanced budget. It all sounds good, but how does it play out?

There is already a huge deficit. How can we cut taxes while continuing to spend 41 percent of what the world spends on the military, and balance the budget?

Since Ronald Reagan's presidential campaign of 1980 Republicans have never been able or willing to give a clear and specific answer to that question. Which programs do you intend to cut or eliminate? Why do you think the voters will approve?

I am not calling you a liar, a brain washed parrot, and so on. I am trying to ask reasonable questions about these "conservative ideals" of which you speak.

 

They sound good because they are good. I have no illusions of a true fiscal conservative majority in any house of Congress, but we do have states that show restraint in spending. We have states who understand the need to attract business to provide employment for their citizens.

You don't begin to understand what fiscal conservatism is all about, you can only see what is presented by likeminded people as being conservative. If a liberal calls another politician a conservative, then it must be true, in your book.

Ron Paul is a true fiscal conservative, you can try to paint it any other way, but you are way off base. Would Paul make a good President, I can not see how he could, his views on things of national importance are way to naive.

Ryan is a part time conservative, if he was in a position to work with other conservatives, he could be very good.

BTW, your in-box is full, what happened to OG?

 

No Ron Paul is just another preacher practicing the lie of conservatism.

http://www.willamettelive.com/2007/news/ron-paul-defends-positions-on-meet-the-press/


And Oldie Goodie passed away a while ago.