Posted on 07/23/2018 10:42:32 AM PDT by Kaslin
....lol at people who talk about kicking the can down the road as if that was the worst possible reaction. Hell we have self-proclaimed socialists entering mainstream politics. That’s like putting a house fire out with a gasoline tanker.
“believe that we can keep going on like this indefinitely without any repercussions whatsoever”
The easy spenders seem to have history on their side.
“future currency is”: AMMO.
Lead & brass.
“foreign investors would buy up whatever stable assets they could, most likely real estate”
That’s what they are doing.
However, there is no safety. New cities can be built for far less. Farmland can be taxed and expensive farm labor required. The EU has fined Google 5 billion Euros.
Wealth really can’t be stored up in a world that is 70% leftist.
Even all existing gold might be made nearly worthless by one large asteroid brought to Earth.
Live the best you can today because ten years from now might be very bad.
“’future currency is’: AMMO”
One shouldn’t need too much of that.
One round to make one example, plus a few more for possible additional examples.
‘pour encourager les autres’
The history of that phrase is interesting:
https://www.everything2.com/title/Pour+encourager+les+autres
“...both parties need to come toether to fix it...”
Democrats and others not interested in recovery just love
Cloward-Piven.
IMHO
“...both parties need to come toether to fix it...”
Democrats and others not interested in recovery just love
Cloward-Piven.
IMHO
The Chinese have a low trust factor.
The Europeans tend to have arrogant elites that make stupid decisions.
That leaves mainly the USA and its dollars.
“The bill is on the way.”
There will be no bill.
Just work<->stuff/housing barters.
“All of these problems are avoidable. If America were to steadily reduce its debt,”
First things first !
Re all those illegals—past and present== They get NO benefits of any kind AND their Soc Sec money goes to legal CITIZENS ! Additionally, for each year of ILLEGALITY in our country, they must delay any SOC SEC for TWICE the number of years they “screwed with our system”..I.E. supposd to get it at age 65..NOPE ! here illegally 7 years must wait til 79 years old ! Etc ETC eTC !!!!!!
So embracing socialism and more debt isn’t such a good idea?
When we lose the World’s Largest Economy title?
It is estimated that the US has over 200 trillion in assets vs 20+ as the National Debt.
Inflation is generally a function of the changes in the money supply. What has been amazing for the last 10 years is that a huge increase in the money supply produced no inflation.
It should also be considered that about 1/3 of the interest on the debt is payed to the Federal Reserve. Its profits are paid into the national treasury so we are paying that to ourselves.
“They get NO benefits of any kind”
Their kids get tens of thousands of dollars worth of SNAP, Medicaid, TANF (sometimes), tax credits, Etc ETC eTC !!!!!!
This has been my greatest complaint of the last three Republican presidents, let alone the Democratic ones.
Budgets. Why can’t we have balanced budgets?
Gold a valuable commodity and a beautiful one. It, by itself, will never be money again.
How would small currency be made? A dollar is about 1/1500s of an ounce. You would need a microscope to see a dollar much less a dime or penny.
Countries claiming to be on the Gold Standard with convertibility were on and off, off and on depending the needs of the nation at the time. See the history of Great Britain during the Napoleonic Wars.
Countries on the GS are handcuffed by it (see its role in the Great Depression). It would be highly impractical to impose one due to the lack of gold in the world and other reasons.
Silver would be under the same negative though less initially acute. How much silver is in a dime?
A “bill” is paid every year.
It will chug along so long as the interest on debt can be paid by US Treasury. Currently they are paying $one Billion EVERY DAY for interest. With the current trend, we will have bigger interest payments than (defense+all other discretionary spending) in about 10 years.
At that point, Treasury debt will require very high interest rates like junk bonds. That is when the shyt hits the fan.
US Treasury is paying $1,000,000,000 EVERY DAY, in interest on the debt, Right Now!
I still have well over 150,000 rounds for 8 calibers left, after selling 50k to friends and family, for cost.
I’m investing in a new Company that Manufactures Cans that are specifically designed to be kicked down the Road.
Off to Shark Tank I go.
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