Posted on 01/12/2009 5:26:30 AM PST by Need4Truth
Things are looking pretty bleak. There is bad news in housing, the stock market, commercial real estate, jobs, and wages . Unfortunately, no matter how bad things are, someone always comes along to propose a "solution" that is guaranteed to make the situation much worse. Please consider the following ideas.
(Excerpt) Read more at freerepublic.com ...
What Hath Big Government Wrought?
* It was big government that brought us Fannie Mae and Freddie Mac.
* It was big government that sponsored the war in Vietnam and the war in Iraq.
* It was big government that gave us nightmare problems we face with Medicaid and Medicare.
* It was big government that gave us overlapping hundred billion dollar systems in the Army, Navy, and Air Force.
* It is big government that sponsored 10's of thousands of pork barrel projects and bridges to nowhere.
* It is big government that gave us the Davis Bacon Act and the insanity pf prevailing wages.
* It was big government sponsorship of the rating agencies that created the "AAA" rated securities that went to zero.
* It was big government that took us off the gold standard and illegally confiscated citizen's money.
* It was big government that allowed fractional reserve lending and theft by inflation this is the root cause of a shrinking middle class today.
* It was big government that created the Fed, and it was the Greenspan Fed that blew serial bubble after bubble culminating in the housing crash we are in today.
Thanks! That one’s a keeper!
Sorry, wrong url:
http://globaleconomicanalysis.blogspot.com/2009/01/three-ideas-that-should-scare-hell-out.html
And then required banks to make impossible loans in order to be permitted to continue making loans.
The housing crash is yesterday, old news. Now we are in the midst of an Economy crash and getting ready for Weimar. We won't have to tote the currency in wheelbarrows but the bill from VISA will have more zeros every month.
The obvious countermeasure to this is to pull your money out of the bank and stick it in a safe somewhere, or possibly foreign-denominated traveler's checks.
What Hath Big Government Wrought?
* A public education system dominated by the NEA that seeks to indoctrinate rather than teach which has created a couple of generations of people who have no idea how dangerous big government is!!
GWB create the biggest government of USA history on borrowed money. All that debt from our future bought him 20% approval rating (but he didn't compromise his principles LOL) and public approval for democrat expansion of the welfare state. Way to go George!
What principles didn't he compromise? How can we oppose Obama and defend him?
Mish nails it today. The Krugman Keynesian “Free Lunchers” are in total control. We are so screwed!
In a sense that has been the method used since we went off the gold standard 1970. It's called you keep interest rates below inflation encouraging debt and speculation creating paper housing and stock market bubbles that make us feel rich for a short period, but make us broke. We have just seen an extreme case of this. It's political tricks. Listen to Peter Schiff.
Obama and liberals do not want public consumption, they want government consumption. They want our consumer money into collectivist programs. The stimulus tax credit rebate welfare checks are sold as consumption but that is pure political strategy to get and keep votes. It is not their real agenda. But they do not want private savings either I would guess.
We were screwed the minute John McCain got the Rep nomination. The realization is “just now” hitting some here.
And, it was illiterate, position-ignorant voters who gave us ‘big government’ by electing ‘progressive’ candidates who promised them more and more from the public trough.
A political shell game that completely flummoxed and cajoled the majority of the electorate on more than one occasion.
Time to refresh the tree of Liberty, IMO.
Raise taxes on “the rich” (anyone holding a job), cut defense spending, but whatever you do, NEVER, EVER even THINK about cutting the gimme programs.
Ain't it the truth.
There is a solution!
What is the solution?
MORE AND BIGGER GOVERNMENT!
In the event of rapid inflation, the most likely scenario with the massive deficit spending we've got coming up, sticking your money under the bed won't protect you much.
The idea that foreign currencies will be a safe haven is based on the not necessarily well-founded assumption that other countries won't have their own problems. In actual fact, most countries are more corrupt and have bubbles going on that are at least as large as those in the USA.
In Europe, for example, the media is even more corrupt and complicit in the conspiracy of the elite against the populace than it is here. Their real estate, believe it or not, is priced much higher than the average in the USA. Any commodity where the price rises much faster than the income of potential purchasers is headed for an eventual bubble burst.
If you're going to stuff money under your mattress, make sure it is US dollars, it's still safer than all others.
I've saved some food and especially coffee and chocolate. (Along with some Krugerrands I bought in 1993, guns and ammo bought during the Rodney King riots. So...)
Monday, January 12, 2009
1 US Dollar = 9,309,543 Zimbabwe Dollar
1 Zimbabwe Dollar (ZWD) = 0.00000011 US Dollar (USD)
Median price = 9,264,869 / 9,309,543 (bid/ask)
Minimum price = 9,264,869 / 9,309,543
Maximum price = 9,264,869 / 9,309,543
Inflation is coming my friends—its really here now. Soon we will all be millionaires. Obama will be linked to starvation and want. Only the few will have jobs and fewer still health care worth a hoot. I hope I am wrong.
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