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Editorial
See other Editorial Articles

Title: Are doom & gloomers ever right?
Source: Mister Clean
URL Source: [None]
Published: Aug 9, 2007
Author: Mister Clean
Post Date: 2007-08-09 10:09:25 by Mister Clean
Keywords: economic collapse, terrorism, global warming
Views: 1894
Comments: 213

Are doom & gloomers ever right in their numerous and freqent predictions of disaster?

I'm not simply talking about the garden variety doom & gloomers who are constantly predicting a massive economic collapse or continually warning about the evil plans of the New World Order. I also include the al-Qaeda fearmongers who are constantly predicting nuclear Jihad in America. I'm also talking about the global warming alarmists who predict that the east coast of the US will eventually be submerged in a major flood.

These groups of doom & gloomers have different agendas for sure but they're basically the same in their fearmongering and pessimissm. It's as if they want a disaster to happen so they can screech "I told you so!"

Fortunately, these prophets of disaster are as wrong in their predictions as they are negative and pessimistic.

I really wonder why America is full of these types of people.

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#85. To: Axenolith, indrid cold (#56)

Come on Indrid, you know this:

WHAT RECORD HIGH?
by Peter Schiff
April 27, 2007

As the Dow burst through the 13,000 milestone this week, few understood the hollowness of the achievement. Measured against the rising dollar-denominated prices of just about everything else on the planet, the Dow has actually lost value over the past seven years. Measured against the truest benchmark, the price of gold, the record high for the Dow was set back in January of 2000 when its price equaled approximately 43 ounces of gold. Today it is only worth about 19 ounces.

* * *

Despite its recent eclipse of 13,000 the Dow now buys
30% fewer euros than it did then back in 2000 when it was priced at approximately 11,500.
35% fewer gallons of milk,
40% fewer bushels of corn or wheat,
65% fewer ounces of silver,
70% fewer barrels of oil,
80% fewer pounds of copper, and
90% fewer pounds of uranium.

Try figuring what the Dow will buy in terms of other necessities, such as housing, insurance, college tuition or hospitalization. Any way you measure it, the Dow is worth far less today then it was in January of 2000.

Back in 1980 one Zimbabwe dollar was worth more than one U.S. dollar. Therefore a billionaire in Zimbabwe was also a billionaire in America. Today, almost everyone in Zimbabwe is a billionaire yet few of them can afford a pack of chewing gum. Do you think that anyone invested in the Zimbabwean stock market these past 30 years cares how many record highs that market has made?

http://www.financialsense.com/fsu/editorials/schiff/2007/0427.html

The U.S. Constitution is no impediment to our form of government.--PJ O'Rourke

DeaconBenjamin  posted on  2007-08-09   12:57:54 ET  Reply   Trace   Private Reply  


#86. To: Mister Clean (#0)

Fortunately, these prophets of disaster are as wrong in their predictions as they are negative and pessimistic.

I really wonder why America is full of these types of people.

I wouldn't say they are wrong, as this is far from a perfect world and major and minor catastrophes of all sorts have frequently occured throughout history.

Diana  posted on  2007-08-09   14:05:02 ET  Reply   Trace   Private Reply  


#87. To: ghostdogtxn, robin, Mister Clean, christine (#6)

OTOH, the "brightsiders" of the world predicted a cakewalk in Iraq, an ever- expanding housing market, didn't reinforce the levies and thought we could get along with Hitler just fine.

How I wish I could go just ONE day in my life without having to see or hear the word HITLER.

Diana  posted on  2007-08-09   14:09:41 ET  Reply   Trace   Private Reply  


#88. To: Diana (#87)

"It does not take a majority to prevail, but rather an irate, tireless minority, keen on setting brush fires of freedom in the minds of men." -- Samuel Adams (1722-1803)‡

ghostdogtxn  posted on  2007-08-09   14:18:46 ET  Reply   Trace   Private Reply  


#89. To: Diana (#87)

How I wish I could go just ONE day in my life without having to see or hear the word HITLER.

Subtle persuasion to imprint it on the minds of the masses. Over and over and over every day every day.

Cynicom  posted on  2007-08-09   14:18:57 ET  Reply   Trace   Private Reply  


#90. To: Mister Clean (#78)

The point is that the US is not "winning" in Iraq because the war is not being waged to conquer Iraq. The fact that insurgents have guns is not the reason there is no "victory" for the US.

Will counts for a lot, and the Iraqis have a very strong will to rid their country of invaders.

Diana  posted on  2007-08-09   14:36:28 ET  Reply   Trace   Private Reply  


#91. To: Cynicom (#89)

Over and over and over every day every day.

It drives me nuts, I'm so tired of it.

At this point you'd think the only thing that happened during the 20th century was HITLER and his evil deeds.

Yesterday someone here brought up Mussolini, I realized I knew almost nothing about him so I read about him. It made me realize even more how most of what I know of WWII is HITLER.

Hitler is everywhere. There are many documentaries about him on the History Channel, or used to be when I still had a tv, in magazines there are always countless references to Hitler, there are nazi movies put out on a regular basis to further "remind" us, I'm just so tired of being beaten over the head with Hitler. We even have to pay for the construction in this country of holocaust museums, as if we are the guilty party, nevermind American soldiers lost their lives ridding Germany of Hitler.

And nevermind all the millions upon millions who died around the globe during the 20th century as a result of various atrocities. Just yesterday when I read about Mussolini for instance I found out he invaded Ethiopia and had ordinary citizens there killed in an effort to control the place. SO much went on that we never hear about, because we are only suppose to care about what HITLER did.

Diana  posted on  2007-08-09   14:49:22 ET  Reply   Trace   Private Reply  


#92. To: ghostdogtxn, cynicom (#79)

I'm sure there were Germans, even German Jews, who in 1935 who thought the very notion of a program of extermination of the Jews was "ridiculous",

Oh good grief not again.

Diana  posted on  2007-08-09   14:51:55 ET  Reply   Trace   Private Reply  


#93. To: ghostdogtxn (#79)

who in 1935

Can we PLEASE move on??

Diana  posted on  2007-08-09   14:53:05 ET  Reply   Trace   Private Reply  


#94. To: Diana (#93)

The market is tanking again. Dow down 275 points.

Just call me a doom and gloomer;^)

Fred Mertz  posted on  2007-08-09   14:59:19 ET  Reply   Trace   Private Reply  


#95. To: Diana (#91)

Mussolini for instance I found out he invaded Ethiopia

That was one hell of a campaign; the Italians bombed warriors with spears on horseback with both bombs and guns. The Italians wanted to expand their holdings (Somaliland) in the Horn of Africa.

The Ethiopians being one of the oldest Christian churches didn't seem to affect Italians consciences.

Just recently, however, the Italians returned a giant obelisk back to Ethiopia.

But not to worry, those civilized Britishers, in a campaign supported by the Great Winston, dropped poison gas and mustard gas on both Arabs and Kurds in 1923. Where do you think Saddam got the idea from? Not to mention the gas?

But, you have a mind where you are actually reading up about history. It's a shame but the American educational system thinks history is not essential, hence it's current incorporation into the hodgepodge referred to as social studies.

swarthyguy  posted on  2007-08-09   15:05:01 ET  Reply   Trace   Private Reply  


#96. To: Diana (#93)

"It does not take a majority to prevail, but rather an irate, tireless minority, keen on setting brush fires of freedom in the minds of men." -- Samuel Adams (1722-1803)‡

ghostdogtxn  posted on  2007-08-09   15:09:24 ET  Reply   Trace   Private Reply  


#97. To: swarthyguy (#95)

Just recently, however, the Italians returned a giant obelisk back to Ethiopia.

But not to worry, those civilized Britishers, in a campaign supported by the Great Winston, dropped poison gas and mustard gas on both Arabs and Kurds in 1923. Where do you think Saddam got the idea from? Not to mention the gas?

Last night I was thinking I'd like to find a few good history books, because there is so much that happened that I don't know about. For instance I had no idea about the Italian invasion of Ethiopia and the extent of the brutality of that operation where many men, women and children died horrific deaths.

Diana  posted on  2007-08-09   15:19:26 ET  Reply   Trace   Private Reply  


#98. To: ghostdogtxn, swarthyguy (#96)

I don't think you are going to see any moving on so long as we've got a guy like Bush fantasizing about US hegemony over the world. It's just too familiar a refrain.

Even before Bush we were bombarded with Hitler. What worries me is that too many people as a result will not know about the other many atrocities that occured, for instance the Soviet and Chinese slaughter of millions of their own people, and the many others we rarely hear about any longer.

I'm sure in time the Hitler craze will pass, perhaps to be replaced by another. Maybe before it's all over with Bush will have taken his place, though at this point it's Arabs and others who are being slaughtered for the most part, not Americans, though that could change.

I don't have much faith in human nature at all.

Diana  posted on  2007-08-09   15:29:22 ET  Reply   Trace   Private Reply  


#99. To: Mister Clean (#29)

As far as prices go, well, they always go up. That's life.

No, that's NOT "life", that's INFLATION, and when you have a monetary system based upon fiat currency, you are more or less sure to have said inflation. Before we allowed the "Federal Reserve" to take over our currency, we had a Constitutional system of currency based upon precious metals, and a dollar was defined as being a certain weight of silver. As a result, prices did NOT "always go up" for a period of over one hundred years. It wasn't until the US abandoned the Constitution and allowed the Fed to print money out of thin air that we embarked upon our current course of endless inflation.

Keep in mind that a dollar today will purchase about as much as two cents would back in 1913. That's NOT "life". That's INFLATION. Caused by endless debasing of the currency. Currency debasement is a favorite pastime of governments, and it always ends with said currency eventually becoming worthless. Always has, and always will. You would do well to read up on Ludwig Von Mises and the views of the "Austrian school" of economics.

Now, does this mean the entire economy will eventually shut down? No. As Ludwig Von Mises so brillantly stated, "Economics is human action". As long as people produce and create and exchange their products and labor there will be economics. Does this mean we are going to eventually see a period of wrenching readjustment as our current fiat currency system loses popular appeal and support, and some other form of currency eventually asserts itself as being a more desirable medium of exchange? I can, with certainty, say "yes". I cannot say WHEN it will happen, but I can say that it WILL happen.

Capitalism is NOT an economic system, it's a RELIGION for ASSHOLES!

Elliott Jackalope  posted on  2007-08-09   15:35:07 ET  Reply   Trace   Private Reply  


#100. To: Diana, Cynicom, Jethro Tull, christine, swarthyguy, aristeides, lodwick, robin (#98)

"It does not take a majority to prevail, but rather an irate, tireless minority, keen on setting brush fires of freedom in the minds of men." -- Samuel Adams (1722-1803)‡

ghostdogtxn  posted on  2007-08-09   15:35:47 ET  Reply   Trace   Private Reply  


#101. To: Elliott Jackalope, Mister Clean (#99)

"It does not take a majority to prevail, but rather an irate, tireless minority, keen on setting brush fires of freedom in the minds of men." -- Samuel Adams (1722-1803)‡

ghostdogtxn  posted on  2007-08-09   15:37:10 ET  Reply   Trace   Private Reply  


#102. To: Fred Mertz (#94)

Dow Plunges 300 on Mortgage Concerns.

To reason, indeed, he was not in the habit of attending. His mode of arguing, if it is to be so called, was one not uncommon among dull and stubborn persons, who are accustomed to be surrounded by their inferiors. He asserted a proposition; and, as often as wiser people ventured respectfully to show that it was erroneous, he asserted it again, in exactly the same words, and conceived that, by doing so, he at once disposed of all objections. - Macaulay, "History of England," Vol. 1, Chapter 6, on James II.

aristeides  posted on  2007-08-09   15:43:12 ET  Reply   Trace   Private Reply  


#103. To: Elliott Jackalope (#99)

educative post

(return to a sound money system and nearly all of our ills vanish)

christine  posted on  2007-08-09   15:43:38 ET  Reply   Trace   Private Reply  


#104. To: christine (#103)

Not to mention also the fact that the [un]sound money system is essentially why we ended up with Hitler, Stalin, etc...

"I might have to go do something less stressfull, like core pavement on a busy freeway, at night..."

Axenolith  posted on  2007-08-09   15:55:36 ET  Reply   Trace   Private Reply  


#105. To: Elliott Jackalope (#99)

I cannot say WHEN it will happen, but I can say that it WILL happen.

Just like those who say it's a matter of WHEN al-Qaeda gets nukes.

I don't buy into such nonsense.

Mister Clean  posted on  2007-08-09   16:14:57 ET  Reply   Trace   Private Reply  


#106. To: Diana (#90)

Will counts for a lot, and the Iraqis have a very strong will to rid their country of invaders.

Whatever. I really don't care about the Iraq fiasco anymore.

Mister Clean  posted on  2007-08-09   16:15:54 ET  Reply   Trace   Private Reply  


#107. To: Diana (#86)

I wouldn't say they are wrong, as this is far from a perfect world and major and minor catastrophes of all sorts have frequently occured throughout history.

Where is that economic collapse? Where are the UN troops patrolling our streets? Where is Y2K? Where are al-Qaeda's nukes? Where is the massive flooding of America from global warming?

I could go on.

Mister Clean  posted on  2007-08-09   16:17:53 ET  Reply   Trace   Private Reply  


#108. To: Mister Clean (#106)

I really don't care about the Iraq fiasco anymore

In that you do mirror the general zeitgeist around the country, to simply be done with that whole mess, wash our hands of the whole thing and pretend things will ever go back to what they were before the Invasion and Occupation.

swarthyguy  posted on  2007-08-09   16:21:36 ET  Reply   Trace   Private Reply  


#109. To: ghostdogtxn (#82)

The guys who want to keep the US dollar as the world's reserve currency whose power Saddam threatened when he began selling oil in Euros.

Got names?

Mister Clean  posted on  2007-08-09   16:21:46 ET  Reply   Trace   Private Reply  


#110. To: swarthyguy (#108)

In that you do mirror the general zeitgeist around the country, to simply be done with that whole mess, wash our hands of the whole thing and pretend things will ever go back to what they were before the Invasion and Occupation.

I don't know about the rest of the country but I've concluded it is a waste of my precious time to care about the Iraq fiasco since there is nothing I can do about it.

Perhaps if the day comes where I am directly affected, I'll care again.

Mister Clean  posted on  2007-08-09   16:24:32 ET  Reply   Trace   Private Reply  


#111. To: Mister Clean (#109)

"It does not take a majority to prevail, but rather an irate, tireless minority, keen on setting brush fires of freedom in the minds of men." -- Samuel Adams (1722-1803)‡

ghostdogtxn  posted on  2007-08-09   16:26:16 ET  Reply   Trace   Private Reply  


#112. To: Mister Clean (#107)

Where is the massive flooding of America from global warming?

Texas. Not that I mind at all. We had been in a record-breaking drought until this year.

“I would give no thought of what the world might say of me, if I could only transmit to posterity the reputation of an honest man.” - Sam Houston

Sam Houston  posted on  2007-08-09   16:27:38 ET  Reply   Trace   Private Reply  


#113. To: Mister Clean (#109)

"It does not take a majority to prevail, but rather an irate, tireless minority, keen on setting brush fires of freedom in the minds of men." -- Samuel Adams (1722-1803)‡

ghostdogtxn  posted on  2007-08-09   16:28:21 ET  Reply   Trace   Private Reply  


#114. To: Mister Clean (#106)

I really don't care about the Iraq fiasco anymore.

What do you think is the reason we are over there, you said it's not to conquer, I wondered what you think the reason is.

Diana  posted on  2007-08-09   16:29:19 ET  Reply   Trace   Private Reply  


#115. To: Mister Clean (#110)

I don't know about the rest of the country but I've concluded it is a waste of my precious time to care about the Iraq fiasco since there is nothing I can do about it.

Perhaps if the day comes where I am directly affected, I'll care again.

" ...why should we hear about body bags, and deaths, and how many, what day it's gonna happen, and how many this or what do you suppose? Or, I mean, it's, it's not relevant. So, why should I waste my beautiful mind on something like that?"

Capitalism is NOT an economic system, it's a RELIGION for ASSHOLES!

Elliott Jackalope  posted on  2007-08-09   16:29:30 ET  (1 image) Reply   Trace   Private Reply  


#116. To: Sam Houston (#112)

Texas. Not that I mind at all. We had been in a record-breaking drought until this year.

And that's from global warming, huh?

Sure.

Mister Clean  posted on  2007-08-09   16:30:57 ET  Reply   Trace   Private Reply  


#117. To: ghostdogtxn (#113)

This one is shorter.

http://www.youtube.com/watch? v=WjPoeQRewiE&mode=related&search=

I'm not interested in watching a video.

Mister Clean  posted on  2007-08-09   16:32:10 ET  Reply   Trace   Private Reply  


#118. To: Mister Clean (#110)

Perhaps if the day comes where I am directly affected, I'll care again.

Ideally you are at least sort of suppose to care about others besides just yourself.

Diana  posted on  2007-08-09   16:33:02 ET  Reply   Trace   Private Reply  


#119. To: Diana (#114)

What do you think is the reason we are over there, you said it's not to conquer, I wondered what you think the reason is.

I have no idea at this point.

Mister Clean  posted on  2007-08-09   16:34:41 ET  Reply   Trace   Private Reply  


#120. To: Sam Houston, Mister Clean (#112)

Texas. Not that I mind at all. We had been in a record-breaking drought until this year.

Mister Clean has already stated on another thread that he does not care about Texas.

Diana  posted on  2007-08-09   16:34:56 ET  Reply   Trace   Private Reply  


#121. To: Elliott Jackalope (#115)

" ...why should we hear about body bags, and deaths, and how many, what day it's gonna happen, and how many this or what do you suppose? Or, I mean, it's, it's not relevant. So, why should I waste my beautiful mind on something like that?"

Why should I care about something over which I have no influence?

Riddle me that, bleeding heart.

Mister Clean  posted on  2007-08-09   16:35:16 ET  Reply   Trace   Private Reply  


#122. To: Diana (#118)

Ideally you are at least sort of suppose to care about others besides just yourself.

How much do you REALLY care about people you don't even know and likely will never know?

I say you can't really care all that much precisely because you don't know them.

Mister Clean  posted on  2007-08-09   16:36:29 ET  Reply   Trace   Private Reply  


#123. To: Diana (#114)

What do you think is the reason we are over there, you said it's not to conquer, I wondered what you think the reason is.

Well, you see- we are over in Iraq because we do have a flaw. We are too good. We just went over there to help those poor people. And they are obviously not deserving of our goodness. Yes yes, if some other country - say Russia- said they feared Saddam Hussein and his scary weapons of mass destruction and said they were going to invade to "pre-empt" an attack on them- we would laugh at that reason as utter bullshit and rightly believe that Russia was trying to get the oil and position itself to control the world's oil reserves. We would laugh at and ridicule their claims that they "Feared" tiny weak Iraq and its two bit leader - Hussein- and rightly see through this FEEBLE justification as easily as we saw through Hitler's lies for invading Poland.

But- since WE invaded Iraq over fear of Saddam Hussein and his scary weapons- it is very believable because- see- we are good- and don't do things like that. No hidden agendas in America. Only kooks think that. We also invaded to help the Iraqi people- to give them democracy- now maybe this was naive thinking on our part- but we never have bad or selfish motives for going to war- unlike the rest of the world which is evil and stuff- we are uniquely good. Conqueor Iraq? LOL. Kook talk.

The Daily Burkeman1

Burkeman1  posted on  2007-08-09   16:38:15 ET  Reply   Trace   Private Reply  


#124. To: Sam Houston (#112)

Texas. Not that I mind at all. We had been in a record-breaking drought until this year.

bring it back. we're back to being too hot and dry..and i love rain.

christine  posted on  2007-08-09   16:40:49 ET  Reply   Trace   Private Reply  


#125. To: Mister Clean (#121)

Why should I care about something over which I have no influence?

Riddle me that, bleeding heart.

"Riddle me that, bleeding heart."

Oh man, where to begin....

First of all, this is supposed to be a nation where WE THE PEOPLE supposedly have the power to determine the policies of our government. So, for example, say if this country were to embark upon a stupid, pointless, senseless war that was costing thousands and thousands of lives and hundreds of billions of dollars then, in theory, WE THE PEOPLE have not only a right, but a RESPONSIBILITY and a DUTY to stand up and confront our leaders, and tell them in NO UNCERTAIN TERMS that we do NOT support their insane and destructive policies, and then we have a RESPONSIBILITY and a DUTY to do everything in our power to non-violently OPPOSE those insane and destructive policies.

See, this is what CITIZENS are supposed to do. I'm really surprised and rather shocked that I have to explain this to you in this manner. This is supposed to be something that any fifth-grade student should know after having taking one or two classes on "civics".

See, here's the deal Sparky.... when a nation degenerates to the point where its citizens abandon all hope of having any influence whatsoever over the leadership of said nation, then that nation has ceased to be a "representative government" and has instead devolved into one form or another of oligarchy or dictatorship. Now, I do freely acknowledge that our government is wholly beholden to powerful, well- funded interests, and that our current system of (s)electing leaders is a dreadful sham. BUT, this does NOT mean that we should simply give up trying to do anything whatsoever to oppose it when our so- called "leaders" proceed to embrace policies that are anathema to anyone with the ability to know the difference between RIGHT and WRONG.

Seriously, I simply cannot BELIEVE that I have to EXPLAIN this to you!

Capitalism is NOT an economic system, it's a RELIGION for ASSHOLES!

Elliott Jackalope  posted on  2007-08-09   16:48:05 ET  Reply   Trace   Private Reply  



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