[GJM] V.G. Elizabeth Warren presentation on debt

[Steve Nieman]

This is the self-balancing Reality built into Life somehow.  I don't  
know where it came from, but it exists.  Anyone who thinks they can  
*game* the system, or take some kind of special advantage over  
everyone else doesn't understand what Mr. Priest just wrote on his  
last post.  We are all hooked together.  What I do affects everybody;  
what anybody does affects me.

Real wealth can only be enjoyed when EVERYONE partakes in the fruit  
of wealth.  So, obviously, we're working to update human systems and  
institutions so that they reflect this Tao of Life, which is highly  
intelligent.

Regards,
Steve Nieman
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On Jun 20, 2008, at 5:56 AM, W. Curtiss Priest wrote:

> Good discussions!
>
> History shows that every major economic decline is preceded
> by a growing division between the wealthy and everyone else.
>
> What is insidious about this is how short-sighted "the wealthy"
> are.
>
> By robbing everyone else, pushing others into ever greater debt
> so that their:
>
> 	1.  wages do not keep up with the greater number of
> 		goods and services provided via increased
> 		(labor) productivity -- so they resort to
> 		"negative savings" to compensate
>
> 	2.  killing the goose -- the wealthy, while they can
> 		retain some of their wealth via methods I
> 		have described to protect against a plunging
> 		dollar, require that "the rest" continue to
> 		purchase goods and services that line their
> 		pockets with excess profits!  Then comes
> 		a time when the "consumer" -- the 66% buying
> 		force that "supports the US economy" -- can't
> 		buy any more.  They get foreclosed upon, encur
> 		huge credit card fees as they fail to make
> 		timely payments, can no longer get loans (frightened
> 		banks -- finally), and so cannot borrow for
> 		neither house, vehicle, or other large ticket
> 		items
>
> ... they kill off their revenue streams.