THE END IS NEAR

boblonsberry.com ^ | 03/01/10 | Bob Lonsberry

[2001convSVT]

Great summary of the predicament we are in. Too bad that very few people realize it (maybe 5% if we are lucky). I have been having a difficult time just getting the people around me to even admit that we are in some sort of trouble. When it does fails it is going to be extraordinarily painful!

[norraad]

And that’s what they’ve had a hard on for for 10 forevers.

[SnakeDoctor]

>> The other week, while you were watching “American Idol,” Greece went bankrupt.

Its always good to start off with an insult aimed at your readers.

SnakeDoc

[dfwgator]

The truth hurts.

[houeto]

Ping.

[MamaTexan]

And that’s what they’ve had a hard on for for 10 forevers.

Yep! Today's prostitution of our economy to support the current federal reserve won't be anything compared to the IMF/Soros Cabal.

-----

Howdy, norraad! How ya doin', Hon?

[bassmaner]

The way out:

Repeal, Repeal, Overturn, Overturn ... the entire 'progressive' agenda heaped upon America for the last 100 years, starting with Amendment XVI.

[misterrob]

This isn’t about Obama....

It is about the overall decline in America and its values. It is about socialism, the belief that government is supposed to take care or everyone and that you can put wars on the credit card.

Obama reflects the ills of society, nothing more, nothing less.

[misterrob]

He speaks the truth though. Most people in America know a ton about pop and sports culture and know very little about what is going on around them that will spell their doom.

[b4its2late]

Welfare and entitlement programs must be gutted or scrapped. All citizens must be brought into the shared burden of income taxation.

Says it all.

[littleharbour]

Unfortunately, there are still too many - including prominent Republicans - who insist that Obama is acting in good faith toward the nation. Those who believe that Obama is tearing down the nation to build a new one as a lib-left-socialist-progressive utopia, are accused by the “mainstream” Republicans as alarmists and/or kooks. How quickly they’ve forgotten Obama’s own words from the election:

“We are five days away from fundamentally transforming the United States of America.” ~ Barack Hussein Obama, Missouri, October 30, 2008

Those who ignore Obama’s promise are the same ones who don’t believe Iran’s Ahmadinejad, when he says he wants to destroy Israel. They are wrong on both counts.

[ShadowAce]

An open field to start a global monetary system.

Again--what would he gain from that? He's already got a lot of control over the current system. He's got wealth in any currency he chooses.

I still don't see where he'd gain if we all just started over.

[MamaTexan]

I still don't see where he'd gain if we all just started over.

Not just him.....

Answer me this-

If someone borrowed [and agreed to pay back later] a LOT of something from someone else, what happens when that payback time rolls around but that something that was borrowed no longer exists?

[Theophilus]

But as they increasingly realize that there is no honest way we can pay them back, their willingness to give us their money will evaporate.

He lost me right there. I'm not sure the folks who finance this abomination care whether they are paid back in a "honest way". They are buying slaves and they know it.

Is there anyone out there who doesn't believe that Obama is purposefully and systematically destroying our country?

Precisely! It's the 21st century slave trade.

[gibsosa]

bump

[qwertypie]

I don’t. I wish that Limbaugh would get off of that stupid talking point. It makes him sound like a truther or Roswell adherent. Obama sincerely believes that socialism will work, if given good intentions and performance. But he is a half-bright character like many highly-educated people that I personally know: misguided and not WELL-educated in business experience.

[mvpel]

Doing so, however, would cause inflation. That would be good for the government, as it would be paying debt with devalued dollars. It would be terrible for us, because the true value of our paychecks, investments and savings would plummet.It would force an overlay of poverty upon the nation, devaluing not only possessions but dramatically lowering lifestyles.

[US_MilitaryRules]

If it gets that bad we won’t be paying taxes.

[MrB]

Wheat, beans, rice, canned soup/meat, rifles, bullets, medical supplies -

these don’t “inflate”.

[andy58-in-nh]

We might (longshot might at that) be able to grow our way out of it if we had a government that did not choke and stifle the economy. A small chance at that.

That's not technically impossible, but highly improbable given Congress' refusal to cut spending. To the contrary; they wish to increase it dramatically. The mathematics involved at this point is daunting, even if Federal spending and interest rates were frozen at current levels, neither of which is going to happen.

As an example: for GDP to double (from approx. $14T to $28T), it would need to grow at 6% annualized for 14 years... which ain't happening. The national debt, assuming a ridiculously low fixed interest rate of 3% over the same period would increase by 42% (adding more than $5T in new debt). But, only a small percentage of GDP growth could possibly be applied to reduce the debt... which still does not include the unfunded mandates of SocSec, Medicare & Medicaid (to the tune of $107.6T and growing very, very fast).

We might yet be able to use Zimbabwean-style inflation to reduce the future value of our current obligations, but that tends not to work out real well for the average Joe and Joanne...