Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

Here's a depressing little financial 'opinion' piece to start your week. ;)

If nothing else, I hope this 'Plandemic' shows people how important it is to have your financial house in order! There's really nothing that Government can do, aside from re-implementing their FAILED policies of the past.

I've read Charles Hugh Smith for years now. Plan accordingly. ;)

1 posted on 05/18/2020 7:48:30 AM PDT by Diana in Wisconsin
[ Post Reply | Private Reply | View Replies ]


To: Diana in Wisconsin

Debt free here - no worries


2 posted on 05/18/2020 7:52:06 AM PDT by 11th_VA (May you live in interesting times - Ancient Chinese Proverb)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Diana in Wisconsin

Does this mean you can’t borrow your way to prosperity also??


3 posted on 05/18/2020 7:56:37 AM PDT by eyeamok
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Diana in Wisconsin
Food security, to take a basic example, is impossible once globalization has destroyed local agricultural production, and financialization has rewarded factory-farming since Big Ag can borrow capital at scales that only make sense in a world of globalized monoculture agriculture.

Good news for the Amish ... they need more farm land.

Why the Amish Population Is Exploding

4 posted on 05/18/2020 7:56:42 AM PDT by 11th_VA (May you live in interesting times - Ancient Chinese Proverb)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: All

Full disclosure: At first, I wasn’t going to take the $1,200.00 ‘Free Government Cheese’ cash due to my principles. But, I did. *GASP*

I gave 1/3 to charity ($400), tucked 1/3 away in cash ($400) and ‘invested’ the other 1/3 ($400) in ‘prepper’ supplies, as Dad and Grandpa taught me.

So, really, only $400 went back into the economy. That was probably NOT the Government’s plan, hoping that I’d blow it all on ‘stuff’ but it’s MY plan and that’s what matters to me. ;)

If I still had a mortgage, I would’ve applied all $1,200.00 to the principle of my loan.


5 posted on 05/18/2020 7:57:05 AM PDT by Diana in Wisconsin (I don't have 'hobbies.' I'm developing a robust post-Apocalyptic skill set.)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Diana in Wisconsin

Yes. Besides, there’s much more money in standing up to make parts or other useful things on U.S. soil than in being on your knees to service foreign tourists. Put on your masks, and get to work after work.


8 posted on 05/18/2020 8:20:08 AM PDT by familyop (Hell hath no fury like a scorned parrot.)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Diana in Wisconsin

This guy is correct. However, to point out what he has to say can get your head taken off.


9 posted on 05/18/2020 8:29:03 AM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Diana in Wisconsin

They actually could do 8 to force 3. Also, if they make up enough funny money, they could cause enough dollar devaluation to force 3 as well.

I still think globalism is actually going to come out of this even stronger. We shall see. Hope I am wrong.


10 posted on 05/18/2020 8:34:39 AM PDT by Codeflier (Covid-19 taught me: Two types of "conservatives", frightened safety seekers vs. freedom lovers)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Diana in Wisconsin

This article is a bunch of dogsh1t. Globalization and expanded trade will continue. And global finance will continue to drive it all. The USA is the financial center of the world and it gives us much of our power.


11 posted on 05/18/2020 8:42:54 AM PDT by impimp
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Diana in Wisconsin

The financial depression of 1919-20 had more to do with World War I ending unexpectedly, and lots of war production contracts for the Great 1919 Offensive being abruptly cancelled, while the agricultural markets had been flooded with product produced (at the exhortation of President Wilson) on credit.

The recovery began when the government wisely not only reduced government spending and cut taxes (leaving more liquidity in the broader economy), but stepped back and let those firms and investors that had overleveraged themselves collapse. There was no artificial propping-up of “too big to fail” companies that learned nothing, the bad debts were allowed to clear, and confidence was restored for the start of the Roaring Twenties.


12 posted on 05/18/2020 9:23:26 AM PDT by M1903A1 ("We shed all that is good and virtuous for that which is shoddy and sleazy...and call it progress")
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Diana in Wisconsin

Hopefully it brings people to the realization of self-dependence. We just blew more government spending in one giveaway than ever in the history of the USA, even in wartime, and it barely paid for 1 month’s mortgage. There is no amount of money in the world that can lift anyone except the hustlers in government.


13 posted on 05/18/2020 10:06:56 AM PDT by jimmygrace
[ Post Reply | Private Reply | To 1 | View Replies ]

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson