Posted on 04/12/2011 9:10:41 AM PDT by Kaslin
What the US needs right now is a federal version of California Proposition 13. Along with a legislative re-affirmation of the 2nd Amendment as per original intent.
They are coming for your homes. And your lives.
Don't be so sure. In the 1930s, the Supreme Court invalidated the gold clauses in contracts. Today, the courts will likely protect the banks by adjusting the outstanding mortgage balance by the rate of inflation. You will still owe the same amount in "buying power" but your income will not keep up with inflation. So... your mortgage will become MORE expensive to pay off. Banks will be protected to "protect the system." You will not be protected. Be VERY, VERY cautious about relying on this theory to pay off debt. Variable rate debt will destroy you and fixed rate debt will be converted to variable rate debt to protect the banks... Better to be out of debt all together...
If anybody tries to steal your possessions under color of law, shoot out their kneecaps.
Gold will be worthless. Try eating a $2 million painting. In a real depression, large cities will collapse in a matter of weeks. No more welfare; no more food. Food riots follow. If winter, heat and electricity riots. We’re talking about the most valuable commodities being shelter, food, fuel, clean water, electricity, and means of self-defense. I live near an interstate. In the 1930s there were no interstates and private cars dwindled fast. People camped on open land. That land is now owned privately by homeowners. Today, as hundreds of thousands of starving Bostonians come streaming out of the fallen ghettos of Dorchester, Roxbury, and Mattapan, gold ain’t gonna do it. While towns like Boston, Newton, Cambridge, and Hatfield ban the ownership of private firearms, the fact is that 85% of MA towns do not. Democrat/Liberal policies that guarantee such a depression must be overturned.
“A lot of people have stories of their grandparents, who went through the Great Depression, and then for the rest of their lives were always thrifty, always saved things that might be re-used later, never borrowed money. The Depression changed them, and the memory stayed with them.”
I don’t think the Depression changed them all that much. Thriftiness, common sense and self-reliance were character traits most people already had back then. The Depression just made them more attuned to them. And a high school diploma actually meant that a person had a solid, well-rounded education.
My concern is that those character traits, if not already extinct, are certainly in short supply in the American populace. Too many Americans today have absolutely no sense of thrift, no common sense, and are woefully ignorant of even the most basic macro-economic principles. So when the crash comes, how many “Katrina victims” will we see? You know, the ones waiting for “the guv’ment” to come save them?
Makes me think of the panda. Dependent upon one food source to live. Take away bamboo and their benign habitat and they die. Too many Americans today also fit that description.
Yep, we are doomed to just trudge along off of the plank.
If we had a fair and objective media this country would not be in this sorry situation. Media bias is so pervasive it allows no discussion of evil deeds perpetrated by dems.
“Also why the idiots on FR who advocate intentional government default have no idea what they’re talking about.”
There is little doubt that we are going to default if one looks at the math.
An “intentional” default - choosing not to pay back certain treasury securities - would be extremely chaotic and destructive, but it would (theoretically) be less destructive than driving off the cliff, which is our plan now.
We can default now, or do it later. Those are the choices when you have the leaders we have now.
p.s. An economic collapse also means the end of a real U.S. military. China could actually stage a benign invasion of the U.S. with the acquiesence of a Lib/Dem/Marxist government “as a gesture of good will towards our unfortunate American friends.” We would be powerless to stop it short of a nuclear war. Sort of like the Nazis “reuniting” adjoining countries with Mother Germany.
http://www.thegermanclub.com.au/events/schutzenfest.php
I won’t argue that Germans were as well armed as Americans in 2011, but shooting clubs have always been popular in Germany. They enjoyed hunting and target shooting with long arms. One of the first thing the Nazis did was round up their weapons.
National Socialist German Workers Party (NSDAP). ... This was reflected in the growth in the German Social ***Democrat*** Party (SDP). The Nazis just gave them different weapons and targets.
If our Democrat party tried this, the fit would hit the shan.
They weren’t armed and informed like we are. Apples and oranges.
The joke on them is that in a collapse the Rancid Media would be one of the first casualties. The government would conmtrol the press with an iron boot, as opposed to its having to first take the press out to dinner now before screwing it.
Congress needs to grow a pair and do what needs to be done.
Balanced budget - PERIOD!! And not through taxes — through across the board cuts.
Cut the budget 60% across the board to start. Then identify the ENUMERATED requirements - IE the military and adjust their budget accordingly.
You then look at the non-enumerated departments - education, transportation, irs, etc etc etc - and you cut them furthur across the board to pay for the raises in the enumerated departments.
Final step is to look at elimination of non-enumerated departments completely. Return those things to the STATES as the Constitution prescribes.
I think the media would be doing what it’s doing right now; cheerleading for its leader and bashing any stated opposition to the regime. What other choice would they have?
Conservative media would be dismantled. The existing MSM media would continue on as today, perhaps worse if that’s possible.
The Feds are looking for ways to seize retirement plans, IRAs, and 401Ks to finance their deficit spending.
I believe they will do this in combination of inflating the currency. This will enable them to keep spending and kick the can down the road a few more years, then total collapse. They want to make everyone poor and miserable - communism.
They then can blame the failure on the Constitution and the Bill of Rights or as Obama has openly stated “Bill of Wrongs”. He has suggested we need to replace both of these outdated documents. His vision of what it should be replaced with comes straight out of the communist manifesto.
America is so screwed.
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