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BILL GROSS: 'We Are Witnessing The Death Of Abundance'
TBI ^ | 2-1-2012 | Joe Weisenthal

Posted on 02/01/2012 6:12:40 AM PST by blam

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To: GeronL

I still say that here in the States (United no more), the black market or underground economy will thrive. That’s what kept the USSR going all those years.


21 posted on 02/01/2012 6:37:09 AM PST by griswold3 (Character is Destiny)
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To: blam

Wow, look at that guy...

he’s giving Alan Colmes a huge run for his money in the

“most sepulchral visage” contest.


22 posted on 02/01/2012 6:37:26 AM PST by MrB (The difference between a Humanist and a Satanist - the latter knows whom he's working for)
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To: ClearCase_guy

Pay the people to exist.


23 posted on 02/01/2012 6:39:45 AM PST by The_Media_never_lie
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To: rbg81

keeping interest rates near zero as to minimize interest payments on the deficit

Neither the debt nor the deficit are getting any smaller.


24 posted on 02/01/2012 6:42:00 AM PST by wita
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To: The_Media_never_lie; ClearCase_guy
Pay the people to exist.

There is definity a growing segment of society that are just like farm animals on the Federal plantation. The only work they do is breed and vote every 2 years, in return they are fed and watered. Like cows.

25 posted on 02/01/2012 6:44:23 AM PST by central_va ( I won't be reconstructed and I do not give a damn.)
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To: MrB
"Wow, look at that guy...
he’s giving Alan Colmes a huge run for his money in the
“most sepulchral visage” contest."

sepulchral [sɪˈpʌlkrəl] adj
1. suggestive of a tomb; gloomy
2. of or relating to a sepulchre
sepulchrally adv

26 posted on 02/01/2012 6:44:53 AM PST by blam
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To: ClearCase_guy

One option is to kill them. The Left stands ready to exercise that option...


I disagree with the premise that the Left wants to kill people....at least not physically. What they want to do is make them dependent on Government. That way they can be more easily manipulated and help them increase their power base. Maybe the only ones they’d want to kill are old, white guys who are no longer paying into the system.

In the past, “redundant” people were sent off to colonize the Hinterlands (Siberia, America, etc). Back then, the colonists were more/less self sufficient. Now, the Hinterlands have all but disappeared. Mexico sends us their people in hopes we will put them on the dole and (eventually) they will be able to re-annex the Southwest.

Ultimately, I think the salvation of the Human race is in colonizing outer space. Unfortunately, I think we are going in the opposite direct. The Left would luv to keep us all here on Earth under their thumb. Outer space is too good an escape route.


27 posted on 02/01/2012 6:44:57 AM PST by rbg81
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To: rbg81

Bingo.


28 posted on 02/01/2012 6:45:21 AM PST by Jack of all Trades (Hold your face to the light, even though for the moment you do not see.)
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To: ClearCase_guy

Beg to differ. “Our side” believes it is up to an individual to decide if they are going to be productive or not!


29 posted on 02/01/2012 6:45:25 AM PST by wastoute (Government cannot redistribute wealth. Government can only redistribute poverty.)
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To: MrB
"Wow, look at that guy...
he’s giving Alan Colmes a huge run for his money in the
“most sepulchral visage” contest."

sepulchral [sɪˈpʌlkrəl] adj
1. suggestive of a tomb; gloomy
2. of or relating to a sepulchre
sepulchrally adv

30 posted on 02/01/2012 6:45:38 AM PST by blam
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To: blam

Does this mean that Mr. Gross will purchase cheaper ties?

Will he move PIMCO from Newport Beach, CA to Spivey’s Corner, NC?

Remember, Gang, Mr. Gross is lucky if he is correct half the time.

Keep your chins up and keep working.

Besides, God is good.


31 posted on 02/01/2012 6:45:40 AM PST by RexBeach
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To: wita

Neither the debt nor the deficit are getting any smaller.


Agree. But the only reason the current large deficits ($1T+) are even managable in the short term is because interest rates are near zero. If the Government starts spending over 50% of its revenue on debt service, then you will see the SHTF.


32 posted on 02/01/2012 6:47:24 AM PST by rbg81
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To: ProtectOurFreedom

ONLY IF the politicians get out of the way and stop buying votes with our money. The parasites / takers are at nearly 50% and don’t produce anything. The greens, AGW kooks, and EPA all want us to return to the stone age and will do prevent any development at all anywhere. These are abetted by a communist in the White House.

...and if the stone age is reinvented, blame will be measured by the bullets expended. Just who will get the blame for what we will have become from what shoulda been.


33 posted on 02/01/2012 6:47:36 AM PST by wita
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To: The_Media_never_lie

“Pay people..”

That’s what we do now and we don’t like it.
IF we truly want to come back, as it were, we have got to create wealth here and that means manufacturing, mining,drilling, farming,,,the messy industries we are too good for now.

That means having the political will to delete the EPA, to make the business of the US business and to stop pandering to every whiner with a leftist grievance over grocery bags.

This is NOT a call to dumping raw sewerage in rivers or belching smoke into the air without a care. But we do have to recognize that sometimes there are messes created...for the greater good.[hey...it works for them...]


34 posted on 02/01/2012 6:52:10 AM PST by Adder (Say NO to the O in 2 oh 12)
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To: wastoute
Let me put this very starkly.

Real economic freedom means that people who make bad choices, or who may have disabilities, or may have bad luck, might possibly end up starving in an alley. Women and children too. Not their fault, sure – but if you own responsibility for your own situation, and if things don’t go your way (for any reason) then you are on your own.

Now, churches and benevolent societies have done great things in the past, and could do great things in the future. But if all the economic parasites in this country of 300 million people had to suddenly depend on either themselves or on the kindness of strangers, then there would be a lot of suffering.

I see two choices:

1) Put a gun to some folks’ heads, forcibly extract their money, and redistribute that wealth.
2) Allow children to starve in the street.

I’m open to other alternatives. But outside of science fiction novels, I really don’t see anyone giving serious thought to other solutions.

35 posted on 02/01/2012 6:52:59 AM PST by ClearCase_guy (When the night falls, it falls on me, and when the day breaks I'm in pieces.)
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To: blam

The problem with old age is a flawed perspective of the world. Bill Gross thinks the world is as old and stupid as he has become. Aging gracefully is a challenge.


36 posted on 02/01/2012 6:53:41 AM PST by Broker (Many are invited....)
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To: Adder

I keep it simpler than that.

My phrase to my liberal pofs acquaintances is “how can you consume if you don’t produce?”


37 posted on 02/01/2012 6:53:50 AM PST by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: rbg81

If the Government starts spending over 50% of its revenue on debt service, then you will see the SHTF.

I agree, and the only thing keeping interest rates so low, is that NGO the FED, and of course the Congress and President are forced to go along, because they know the consequences.


38 posted on 02/01/2012 6:54:14 AM PST by wita
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To: rbg81
Worth repeating:

If the 10Y treasury ever goes above 5%, it's game over

39 posted on 02/01/2012 6:56:25 AM PST by ctdonath2 ($1 meals: http://abuckaplate.blogspot.com/)
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To: ClearCase_guy

Define redundant.


40 posted on 02/01/2012 6:56:39 AM PST by ecomcon
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