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Realizing the Full Implications of the Forthcoming Catastrophe
Economic Prism ^ | 26 July 2019 | MN Gordon

Posted on 07/27/2019 11:20:53 AM PDT by amorphous

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To: metmom

Yea and anon, I do prithee, whither art thou forthcoming?


21 posted on 07/27/2019 3:46:30 PM PDT by aspasia
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To: aspasia

Could you translate that please?


22 posted on 07/27/2019 3:56:40 PM PDT by metmom ( ...fixing our eyes on Jesus, the Author and Perfecter of our faith..)
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To: metmom

Oh, so sorry, my fault, I was merely relishing the King James in the title of the thread.


23 posted on 07/27/2019 3:58:08 PM PDT by aspasia
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To: amorphous
The thoughts of Adm. James Bond Stockdale, reflecting on his 7+ years checked-in at the Hanoi Hilton seem appropriate in this situation:
You must retain faith that you will prevail in the end, regardless of the difficulties.

AND at the same time…

You must confront the most brutal facts of your current reality, whatever they might be.


24 posted on 07/27/2019 5:29:23 PM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: metmom

Good advice.


25 posted on 07/27/2019 6:25:18 PM PDT by amorphous
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To: DuncanWaring
You must confront the most brutal facts of your current reality, whatever they might be.

Words to LIVE by!

26 posted on 07/27/2019 6:26:32 PM PDT by amorphous
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To: amorphous
For example, at the turn of the new millennium, the national debt was $5.7 trillion. By 2010 it had more than doubled to $13.5 trillion. By 2020, it’ll be over $24 trillion.

People have been complaining how deficits will ruin the country since the Carter administration. Deficits don't matter. The deficit hawks have been wrong for 40 years.

27 posted on 07/27/2019 11:02:20 PM PDT by stig
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To: stig

Are you really claiming that the hundreds of gigabucks (and rising) the federal government spends each year on debt service doesn’t matter?

Will it ever matter?

If so, when?


28 posted on 07/28/2019 3:30:49 AM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: metmom; appalachian_dweller; OldPossum; DuncanWaring; VirginiaMom; CodeToad; goosie; kalee; ...
Prepper ping - Economic Uncertainty - the rising National Debt
It's inevitable; there is consequence !

FReeper metmom -" Pay off all debt and make sure you have everything you need."

FReeper stig - "For example, at the turn of the new millennium, the national debt was $5.7 trillion.
By 2010 it had more than doubled to $13.5 trillion.
By 2020, it’ll be over $24 trillion."

"Facing up to the facts of an unpleasant reality can be painful.
It also implies a recognition that what one has been doing isn’t working.
And that the arduous task of righting one’s wrongs must be initiated forthright."

"Pursuing delusion, of course, is abundantly easier – for a time.
However, as the wreckage piles up from the past to the present,
the day of reckoning becomes much more ominous.
There really is no escaping it."
And yet, the incumbents keep voting to increase the national debt year after year.

From another posting(Brian Griffin ) - “If voting mattered, it would be illegal.” -George Carlin

Hat tip - metmom and stig !

29 posted on 07/28/2019 1:03:07 PM PDT by Tilted Irish Kilt
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To: Brian Griffin

I think even Trump has warned up an eventual debt bubble collapse.

We moved to the boonies because we felt something has to give somewhere and that we’ll see it in our lifetime.

Don’t know what it might be. If the dems get in control again, a lower standard for all. Well all but them. The whole carbon/climate thing. They’ll make it so most people won’t be able to afford to drive and the only food we’ll be able to afford will be staples, when/if we can find them.

If we prep, at least out here, we won’t feel it for a while and if I get us set up in time, we can be fairly self sufficient. Just need to get stocked up on those staples and things that are hard to produce on a small scale.

I’m torn on the SS thing. Might be best to get it while the getting’s good. We’ll see how things go.


30 posted on 07/28/2019 1:19:25 PM PDT by Pollard (If you don't understand what I typed, you haven't read the classics.)
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To: amorphous

https://www.usdebtclock.org

Bottom center is “Unfunded Liabilities” 125 Trillion and counting.

Print Faster Dammit!


31 posted on 07/28/2019 1:26:47 PM PDT by Pollard (If you don't understand what I typed, you haven't read the classics.)
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To: econjack

Buffet was wrong. There should be no deficit increase. There should be an effort to drastically reduce it.


32 posted on 07/28/2019 2:40:02 PM PDT by bgill
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To: Pollard

We moved to the boonies but the hordes found it, too.

We’re going to take SS as soon as possible before there’s nothing left.


33 posted on 07/28/2019 2:44:37 PM PDT by bgill
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To: Jim Noble

That’s right. There is much, much more to a nation than its economy. The USA is no longer a nation, in the classic sense. “Nation” derives from “natal” or “birth”. That is a nation means those of common birth. The USA has been invaded by foreign hordes since 1965, all in search of economic betterment rather than familial or cultural reasons. Diversity means war. This country will go the way of South Africa.


34 posted on 07/28/2019 2:54:46 PM PDT by bkopto
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To: amorphous

But 401Ks, IRAs, and everyone’s stock portfolio is perfectly secure, right?


35 posted on 07/28/2019 3:01:38 PM PDT by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: GOP_Party_Animal

Since no empowered group will even do the audit, there are no ‘things’ that can be identified as solutions. One thing is certain, politicians cannot and will not try to stop the hellward rush.


36 posted on 07/28/2019 3:04:50 PM PDT by MHGinTN (A dispensation perspective is a powerful tool for discernment)
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To: SkyPilot
But 401Ks, IRAs, and everyone’s stock portfolio is perfectly secure, right?

I think all of those things are gone already.

37 posted on 07/28/2019 3:20:11 PM PDT by Jim Noble (I have never seen a dead horse get up, beat on or not)
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To: Pollard

Same here, in a gun friendly state to boot.

I told mr. mm that I wanted to move before the 2020 presidential election and to buy our house while our money was still worth something and we could actually get a good deal for what we spend on it.

And we did.


38 posted on 07/28/2019 3:22:47 PM PDT by metmom ( ...fixing our eyes on Jesus, the Author and Perfecter of our faith..)
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To: Jim Noble
I think all of those things are gone already.

Shhhh! Don't say that out loud Jim. Some people get very upset.

39 posted on 07/28/2019 3:27:36 PM PDT by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: Pollard
I’m torn on the SS thing. Might be best to get it while the getting’s good.

I know a lot of people who feel that way.

40 posted on 07/28/2019 3:28:31 PM PDT by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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