tag:blogger.com,1999:blog-53246864840716464.post6708792529562050377..comments2024-02-29T00:46:38.800-08:00Comments on Washingtons Blog: China 2009 = America 2001 = Rome 11 BC?Unknownnoreply@blogger.comBlogger7125tag:blogger.com,1999:blog-53246864840716464.post-54949917150593842282009-11-26T05:50:17.833-08:002009-11-26T05:50:17.833-08:00What would this mean to American's if we was t...What would this mean to American's if we was to go the way of Rome?? Will those of us that are barely paying are bills now.Loose every thing?? Even tho we would own our home would we be thrown out?? What would become of usthat used to be concidered mid. class and now would be down closer to lower class. Will they try to starve us our or??Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-39056598019675445152009-07-25T16:35:29.970-07:002009-07-25T16:35:29.970-07:00For Don Roberts,
I'm a university professor, ...For Don Roberts,<br /><br />I'm a university professor, and I cut my teeth on Will and Ariel Durant as a high school student. Gross generalizations and hyperbole about universities just aren't helpful and, basically, show ignorance. There are plenty of us academics who have a clue about what's going on. You just don't hear the level-headed professors' voices over the shouts of the fanatical ones. (Oh, and it's "by and large" not "by-in-large"---unless you're going to Costco, brother!)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-535502488742527912009-07-20T05:05:47.940-07:002009-07-20T05:05:47.940-07:00I was house sitting for the parents last week and ...I was house sitting for the parents last week and picked this book up off their shelf. This was the chapter I had left off at last time - prior to the credit crisis and market crash. I had a lot of context by which to frame past vs. present. <br /><br />The parallels are uncanny - not unlke all bubbles though I suppose<br /><br />Nice to know I am not the only person to have picked up this masterful work in the past decade or twoshultzienoreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-56702310033595756732009-07-19T22:04:20.346-07:002009-07-19T22:04:20.346-07:00Give China and the Chinese a little credit. They&#...Give China and the Chinese a little credit. They've been around a while and seen empires come and go. Looks like the USA is about to be added to that list.<br /><br />We're (the USA) in deep trouble. We're heading down a path that history shows is not very pleasant. We need to take an honest and constructive look at our problems, and leave the other countries to worry about theirs.SoCal Renterhttps://www.blogger.com/profile/18340174065959790540noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-90190987212624540202009-07-09T02:07:33.381-07:002009-07-09T02:07:33.381-07:00Why are you all worrying about China? The Roman st...Why are you all worrying about China? The Roman story is actually parallel to what is happening in good ol' USA right now, NOT China. Don't worry about CHina, they are upcoming economy that is already recovering while USA is still sinking and sinking fast. Wanna worry about somebody, worry about USA, NOT China. Why don't you write about USA's sorry economic conditions instead of China's?petkovhttps://www.blogger.com/profile/10359288481764467912noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-68917533701107006612009-07-07T12:22:05.433-07:002009-07-07T12:22:05.433-07:00Excellent piece. Where can I find more informatio...Excellent piece. Where can I find more information on the Roman tragedy?In Debt We Trusthttps://www.blogger.com/profile/05283475872936333396noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-43009890687860645002009-07-06T07:25:18.740-07:002009-07-06T07:25:18.740-07:00I am glad to see the historian/philosopher -Will D...I am glad to see the historian/philosopher -Will Durant- mentioned -and advise all here who haven't educated themselves beyond what is taught in our hideously droll and archaically barbaric universities, to get an education worth something, -by reading everything Will and Ariel Durant together scribed for the library of humanity.<br /><br />Will and Ariel wrote history and philosophy candy. Will Durant was not unlike a rock star about 1920-1945. Enjoy what they wrote. It will not rot your teeth.<br /><br />University professors by-in-large are putzes, -on-the-take- -and when they assign textbooks for students to read, they unfortunately assign a lot of crap. A university isn't where anyone became well-read.<br /><br />How many here have read the twaddle -Human Action, A Treatise on Economics-? I would guess not a tenth of the professed libertarians, lest they would find themselves another idol who had something more to offer.<br /><br />As a result of a widespread ignorance -university students today generally come away as ignorant as herds of hard-on-hyenas, but with a good sense of what methamphetamine is -and needing to see a dentist in the worst way. -Idiots.<br /><br />Give me a self-taught scholar to read every time, please. I tire of mindless mumbling and incoherent university-educated twits. I generally grow irritable, and short tempered before three words escape a university-educated oral hole.<br /><br />For those who have taken the time to find out, the world did not cease to exist after the fall of the Roman empire. Quite the contrary. Does the name Medici ring a bell?<br /><br />The fall of the Roman empire represented the necessary destruction of a lot of oppressive bureaucracy.<br /><br />For those who have never studied philosophy, bureaucracies are invariably categorically immoral. They are categorically immoral because they are the near immortal creations of mortal humans that haven't a clue how to control them -other than to bring them all down with a thud, like the fall of the Roman empire, or like the sound of a head falling into a bushel basket just below the business end of a guillotine.<br /><br />So what this article has to do with economics, the state of the world, or what might be coming down the pike some time in the near or not-so-near future is beyond me. I've read too much history to see any parallel to the fall of the Roman empire.<br /><br />I'm optimistic, but not that optimistic.<br /><br />Yes, the Chinese are blowing a bubble, but it doesn't seem to be worrying Jim Rogers yet, shoo-ee-gumbo-tui!<br /><br />In a limited and qualified sort of way -Jim Rogers is no fool, - a good old boy from down on some Alabama pig farm, but not an outright fool -that might be sitting on a split-rail fence readying to fall over backwards and crack his head as he laughs at the world. Nope, not Jim. And Jim is in with both feet in China. He loves the place. He loves it for its growth potential, which he sees in China's irreversible path toward capitalism, -capitalism in an oriental sort of way, -which again if we look at history, -and what Will and Ariel Durant had to say about it, -oriental capitalism is going to be very rich, -even if it is built upon a society so stratified as to turn our American stomachs at the sight of all those pony-tailed and barefooted coolies pulling those rickshaws.<br /><br />There will never be a Chinese middle class. <br /><br />There will be Chinese oligarchs who are going to be very-very rich.<br /><br />We all live to re-live history.<br /><br />Yes, there will be a collapse of the Chinese economy. It's being engineered right now. This collapse is going to determine the strength of China as a player in the quickly evolving world economy.<br /><br />You see, when China collapses, you can bet Jim Rogers is going to be out of China. That's why he is in there now, so he knows when to get out, so he can jump right back in and ride it back up again.<br /><br />A good old boy from Alabama ain't no fool. Nope. Shoo-ee-gumbo-tui.Don Robertsonhttp://preview.tinyurl.com/lroascnoreply@blogger.com