Posted on 06/25/2014 1:31:56 PM PDT by Signalman
The only thing “Propping” up the Ecomony right now is the “Propaganda Bubble”....
Milton Friedman was right. You can only keep up the illusion of prosperity for only a short time with all that borrowing, printing and squandering of capital with government spending. Also if your regulatory agencies initiate an anti capitalist, anti carbon energy crusade with endless rules regulations and taxes, the private sector slows down considerably. Obama and Bernacke have done more to harm America than any two individuals ever to serve in high office.
It’s been fiat for probably my entire lifetime. I don’t know if we are near the abyss or not, but we are not the first country to tank and will certainly not be the last. Nothing but are greed and liberalism to blame.
Preppers’ PING!!
Time to step it up if you can.
If one encounters
an Elite
Looking to buy your food
Just lock and load
And blow them away
For Good!
Oh, and take their money of course.
In my view the real SHTF is when the markets start to puke up all the fake money. So far that’s not happening yet, because “everybody” desperately wants to keep the merry-go-round running. It will, but timing is everything.
Has Obama blamed it on Global Warming yet or will that be next week ?
The corrupt MSM goes first.
The Republicans will take over Congress in November and be promptly blamed for the recession.
“The Republicans will take over Congress in November and be promptly blamed for the recession. “
And there will be a resurgence in tent cities, and high fuel prices will be an issue again.
With the media running Baghdad Bob interference? Yeah, buy some silver
+1. The Dow 17,000 mark isn’t far off, either.
At least we are in the [food] growing season.
bump
In Zimbabwe the stock market soared while the people were collecting wheebarrows full of paper money to buy a loaf of stale bread. Inflation also inflates stock prices I guess
I agree.
This is treacherous territory.
But fortunes are made in treacherous times.
I want to be a junior version of John Paulson 2008.
That and the near-zero interest rates on savings. When one sells stock, they have to pay capital gains, so they don't have the full amount for themselves. And what they do have brings in no interest on savings. Besides that, they lose out on dividends. People feel trapped and have decided to "sell" when the prices start declining.
Only.....SURPRISE....the big boys will know ahead of time when to burst the bubble and they'll take their profits. For the rest of us, prices will drop like a rock before we can even get a bid in.
The thing is, the ptb want it that way. Otherwise, CDs and other safe savings would be paying 1% now, 2% soon after. That's the only way to gradually deflate the bubble.
Just received word from my accountants that new IRS Form 720 needs to be filled out.
Form 720 is a quarterly Federal Excise Tax...it is part of Obamacare (I believe). I have 3 employees so the cost to me is $2.00 per employee). $ 6.00 total. I figure by the time this is filled out and process the end results will be a loss of money to the gubment. How much will it cost them to keep audit me and process 6 bucks?
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