It's About Liberty: A Conservative Forum

Topics => Economy => Topic started by: Sectionhand on October 02, 2013, 04:09:02 AM

Title: Dow 30
Post by: Sectionhand on October 02, 2013, 04:09:02 AM

Is the Dow 30 really about "industrials" anymore when companies like ALCOA are dropped in favor of banking entities ?

Title: Re: Dow 30
Post by: Libertas on October 02, 2013, 07:36:56 AM

Manufacturing has been purposely driven out of the nation, banking and propping up the fiat ponzi has been deemed more critical for the national if not world economy.

When the SHTF all the safety valves and controls will be useless, it's just the natural progression of a failed policy set in motion a century ago...

Title: Re: Dow 30
Post by: Glock32 on October 04, 2013, 10:26:47 PM

Yeah I started cluing into the BS back in the 90s. It was repeated over and over how industry and manufacturing were yesterday's economy, and the new economy was going to be about information and services. We as a country have been tricked into buying into entirely quantitative concepts, forgetting/ignoring the fact that economies have qualitative aspects too.

We could not have waged, let alone won, WWII without total industrial supremacy. There's also the problem that after a while your society begins to lose skill sets that are not easily reacquired. Innovation is also hindered, because a lot of innovation and "outside the box" thinking comes from a familiarity with existing processes. When there's no more existing process, there's no more impetus to think up new processes.

Our birthright has been stolen right from under us. We're coasting on what some (Mark Steyn and Thomas Sowell) have termed cultural capital, i.e. the achievements of past generations and the large inertia we have enjoyed, and once that's over what then? We're close to it finally running out of steam already.

Title: Re: Dow 30
Post by: warpmine on October 05, 2013, 07:37:21 AM

Come on Glock, we have a "Green Economy" now. If they can only eliminate arms, they've won without firing a shot.

Title: Re: Dow 30
Post by: Libertas on October 07, 2013, 06:44:40 AM

(http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/10/20131006_downew_0.jpg)
http://www.zerohedge.com/news/2013-10-06/dow-jones-non-industrial-average (http://www.zerohedge.com/news/2013-10-06/dow-jones-non-industrial-average)

Mfg began to march a steady decline just about the time LBJs Great Scam started and Financials picked up around 1977-1978.