Posted on 06/28/2014 7:46:16 PM PDT by Kartographer
People simply do not comprehend why and how the economic policies of the post-war era are imploding. This whole agenda of socialism has sold a Utopian idea that the State is there for the people yet it is run by lawyers following their own self-interest. The pensions created for those in government drive the cost of government up exponentially with time. The political forces blame the rich and this merely creates a class warfare with no resolution for the future. Even confiscating all the wealth of the so-called rich will not sustain the system. Consequently, we just have to crash and burn and start all over again.
(Excerpt) Read more at zerohedge.com ...
Better than losing them overboard on the ferry...
You mean Fairy?
LOL
“The Won” and his minions don’t care.
Sacramento ain’t what it used to be.....
Travis McGee is looking more like a prophet every day.
Nope...
After it crashes, I doubt there will be a lot of voting taking place.
Ok, I've pondered. There are a quiet but steady dropping of hints coming from various government agencies and other agencies like the IMF that they are going to implement schemes to have the private sector pay off the debts they have incurred. Things mentioned have been to confiscate 401ks, corercive investments in government bonds, new real estate taxes, forcing insurance companies and pension funds to invest in bonds, an exit tax on selling bonds, and the unilateral extension of the bond's maturities, and an 80% tax rate with no deductions. They will not debate these openly, they will just vote on them one Friday at midnight, and the next Monday poof, your money has been taken.
Now when that happens, who am I supposed to IED? The money will be gone already, in a puff of electronic transfers. Yes, there will be violence coming up, but only after everyone has been impoverished and it is too late to do anything about it except to fight over scraps. I am trying to find a safe haven for my money now, not learn how to build bombs in my basement, because fining a way to keep what I have safe is a better use of my time.
“NO Pity for the LAZY”
What’s your position on the old?
NO, they better not take my 401k..........
If they try to take our 401k’s, I think that’ll be the breaking point in the US.
Yep - all the QE trillions flowing into the market/banks has accomplished the destruction of the middle class - it fostered inflation in energy and food without the historic bump in wages that usually follow inflation indexes.
Planned all planned
The ruling elite wanted this, they planned it, and made it happen.
Excellent point. He makes several others that lay the blame at the feet of our over intrusive governments.
What he fails to mention is the manipulation of the Stock Market.
The markets right now are an over inflated inner tube.
They are going to bust, and when they do, it will be loud and messy.
The Fed has been "pumping" fictitious money. People have been pouring huge amounts of their ever decreasing earning power into IRAs, 401Ks, and the Stock Market for decades. It is vastly inflated. With interest rates so low, there was no incentive to save in bank accounts. T-bills were "safe" but gave a low return. So people gambled big time in the markets, and the financial managers took their cut and told them everything would be fine. The Dow hits record heights, while every single economic indicator portends disaster (growth, real inflation, job participation rate, debt, job creation, etc). This is madness.
There are 77 million Baby Boomers, with 10,000 retiring each day.
And every single day, they draw their retirement riches from the Ponzi scheme markets.
There are fewer, and fewer, young productive workers to feed the beast.
He's right - - this will not end well.
How about “Committing mass murder in the name of keeping order”?
Before they starve, they will forage, violently so.
They *will* be mobile, so ...
read this http://www.afailureofcivility.com
The authors are experts; self-published; worth the money.
Also read Matt Bracken’s piece “when the musics stops”. Matt Bracken is our FReeper Travis McGee.
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