Posted on 11/28/2008 4:21:26 AM PST by ovrtaxt
As the government house goes under, micro-economies willl spring up as people lose faith in Big Brother. Barter, trade, cash, alternative local monies will come into being.
Some of these alaternative models will flourish. My guess is that the economies in conservative states will thrive, while liberal states will collapse. And as the collectivist states collapse, they will make an effort to steal wealth from productive states.
The number one strategy should be removing yourself and your family from states run by Marxist/liberalls, and settlle into an area with strong Christian values, respect for famillies and a commitment to private property. This is where America will be reborn.
When that happens, I won’t be the only one with a problem.
Yeah, but is the economists, lending institutions, and wall street who put that stupidity in their heads.
"The unemployment rate has remained low, at 4.5 percent. A recent report on retail sales shows a strong beginning to the holiday shopping season across the country -- and I encourage you all to go shopping more." G.W. Bush\December 20, 2006.
“Crap, that guy is darker than Dracula.”
Yup. Almost triggers my 30 Minute Nuclear Annihilation Response:
Lawn chairs, backyard, bottle of vodka, pack of smokes (carton would take too long), and a bag of interesting tiny leaves and rolling paper.
When we start to hear Quadrillion tossed around we will know we are done for. I predict quadrillion being heard around 2011. It will take quadrillions to pay off the world bailout.
>The Feds are printing and borrowing money at a record pace. Flooding the economy with paper will almost certainly drive inflation in the long term.
>Baby boom generation has begun to retire and is projected to cause entitlement outlays to increase substantially.
>We are a consumer nation rather than a savings and investment nation. Personal savings and investment are at all time lows.
>American manufacturing has been devastated. America has lost millions of good paying positions. The economy has rapidly shifted to a service based economy, leading to the largest shift of wealth in world history from America to foreign entities.
>Foreign countries have purchased massive amounts of American debt, invested billions into American financial institutions.
>The almost certain push for Amnesty of over twenty million illegal aliens in this country will add billions to the national debt through increased entitlement programs and massive taxpayer giveaways such as the earned income tax credit.
>As the recession deepens (I pray that it does not), more and more layoffs will occur, this in turn will slow consumption.
It is my opinion that the federal government bailed out the wrong segment of our economy. It is the American taxpayer that should have received billions upon billions of dollars.
Just another wealth redistribution scheme led by the republicans and supported by both sides of the isle.
This government of ours is out of control. I hear so many complain that the democrats are gonna do this and that. Has it not been the republicans that have rallied the move toward socialism?
It's time for American middle class to form or support an alternate conservative party that's primary focus is on America and her health and well being.
Enough is enough....stop supporting either of these power hungry parties. Neither the democrats or republicans are on our side....the side of the American middle class.
I recall reading an analysis of Germany's collapse after WWI that stated that the vast destruction of it's production capacity had a major impact on the massive inflation it suffered. I.E. that it needed goods produced but, since it produced very little, Germany was forced to buy them from "producing countries". Germany, having no production capability of it's own, was forced to pay higher and higher prices.
I have my problems with the domestic auto industry, but I share your concerns about the massive loss of manufacturing capability which has taken place. Once we lose this production knowledge we will never get it back.
And by "production knowledge" I don't mean the assembly line. I mean the knowledge that goes into research, design, building the machinery, tooling, process design, the educational and training infrastructure that supports production, etc.. I am concerned that as we lose more manufacturing capability we've also lost citizens who, picturing only the assembly line, fail to understand all that we are losing.
Keep in mind that Republicans-not conservatives and not just RINO’s-have been very much a part of this. Those who thought tell that all we had to do was cut taxes while we continued insane spending. Those who promoted government programs just as long as they had a “conservative” spin such as faith-based welfare. What Republicans are to the right of FDR or LBJ. That is people who have wanted to take us to the days before these monsters.
No, it’s going according to “plan”, namely to offshore any “polluting” industries. It’s for “the environment”. Hm.
Well, then, assuming Lehman Bros. is representative of nominal to net, and also assuming that the $500 trillion nominal amount is reasonably accurate, then we’re looking at “only” $8.33 trillion net after settlement?
Excellent observations. I’m seeing that too, and a return to things that really matter.
lol you’d go out in a blaze of glory, all stoned? haha
You were sounding rather dire, yourself, as recently as a month ago. Am I misreading your sentiment here, or has your opinion changed? I've seen nothing in that time that would have caused a change of heart.
” assuming that the $500 trillion nominal amount is reasonably accurate, then we’re looking at “only” $8.33 trillion net after settlement? “
I’m not sure I’m understanding this — it looks to me, then, like some $490 trillion has just evaporated off the books and into the aether...
Somebody’s (and I suspect it’s us taxpayers) gettin’ robbed......
IMO, they are both (Reps and Dems) bought and owned by central bankers.
Ron Paul was the only candidate telling the truth about this.
You know what else we’ll lose if things go really haywire? A lot of talented young people who will move out. The brain drain used to flow INTO America. It may not stay that way.
Think of it as offsetting insurance policies.
To be fair, Ralph Nader and Dennis Kucinich said it, too - inviting heaps of scorn from the Obamoids who were sure that Hope and Change were just over the horizon. ;)
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