Posted on 01/23/2010 8:02:57 AM PST by blam
progressives do want to be the ruling class.
Sounds like the fed-gov could use a good dose of Dave Ramsey.
They will be breaking big rocks into little rocks or fertilizing the ground.
prepare your death star......
I have been.
Well! That’s the most depressing and disheartening article I’ll read this weekend, I hope.
Unfunded liabilities, as they are referred to, can by wiped out by an act of Congress. They're not real debt (although they probably will become so).
For example, the unfunded liability of Medicare, which is in the tens of trillions of dollars, will disappear if the Medicare program is eliminated by Congress. That's unlikely to happen, but still true. I would substitute the phrase "unfunded liability", which is a liberal buzz phrase, with the phrase "potential liability". That's a bit less sensationalist.
However, I don't doubt that our nation is nearing bankruptcy and the collapse of the dollar, since the chances of electing politicians who will do away with these programs are between slim and none.
Is buying gold coins the best investment?
I don't know but, I've been buying old US silver coins.
That is highly open to question. The last time around, Roosevelt confiscated all the gold. Perhaps if Americans are educated enough to remember this, they will stock up on staples and ammunition as well.
They are beyond help. They will try to use a standing army to retain power (tyrants always attempt to do so). Such actions will be colored in constitutionality, but everyone will see the man behind the curtain.
Is that supposed to cheer me up?????
You seem to know quite a bit about this (not being sarc). Regarding this $120T in “unfunded liabilities”, how do these relate to the debt we have sold to other countries? In other words, does Russia or China etc own any of that $120T?
It isn’t gold and silver which keep our would-be dictators from enslavement of the American people or confiscation of our wealth. It is, rather, the fact that some 150-200 million Americans are armed. Several hundred million weapons in the hands of the people of the United States make it just a WEEE bit difficult for Obama to announce the imposition of the “New People’s Republic” of Husseinland. And this is why the Bloombergs of the nation have been working for so many decades to overturn the 2nd amendment.
Oops! I forgot. You're the Survival Mom.
Good Luck.
A few months ago a Freeper, don’t remember who, commented, “You can prepare for a hurricane, but you can’t prepare for communism.” That was a chilling statement because it’s so true, and we’re headed in that direction, whatever form it ultimately takes.
Man, I’ve gotta go smell some roses or something this morning. There’s some pretty depressing stuff on the web.
The author suggests buying gold. But...If the government descends into totalitarianism how will anyone be able to sell it or exchange it?
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