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Stimulus Bill Will Lead to "Unmitigated Disaster."
YouTube ^ | Feb. 6, '09 | Peter Schiff

Posted on 02/14/2009 12:52:38 PM PST by T.L.Sink

The stimulus bill violates every free market principle and, as in physics, every action creates an equal and opposite reaction. We've now created a Ponzi-scheme economy and our unmanageable debt will inevitably lead to hyper-inflation of the sort that has always destabilized the political and economic infrastructure of every nation that's experienced it. We're in for a prolonged period of "inflationary depression." The new socialist political strucure has developed a Soviet-style command economy of the sort that ultimately impoverishes both the people and the state.

(Excerpt) Read more at youtube.com ...


TOPICS: Culture/Society
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To: Jim 0216

Much better put!


21 posted on 02/14/2009 1:31:18 PM PST by T.L.Sink
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To: A_Former_Democrat

hid the guns and bury the ammo! They’re coming.


22 posted on 02/14/2009 1:35:55 PM PST by Bubba (TERM LIMITS + MAKE DUELING LEGAL!)
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To: Logical me
believe rather than socialism it is leading to a Russian style of Communism.

Definitely. Obama’s plan isn't socialistic. It's much more like Communistic and I can assure you, when the sh8t really hits the fan, the DUmmies will be the first to go ballistic.

23 posted on 02/14/2009 1:43:57 PM PST by mojitojoe (None are more hopelessly enslaved, as those who falsely believe they are free.)
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To: T.L.Sink
The stimulus is nothing more than incremental vote buying.

It's all a part of the long term plan to install Socialism a little bit at a time while lying their asses off about what they are really doing.

Remember whenever you read its for the children,for the environment for some other BS cause or other, hold onto your wallet and your freedoms.

As Rush said last week several times, Free Market Capitalism is under a huge attack by a slick probably illegal enemy.

24 posted on 02/14/2009 1:44:56 PM PST by rodguy911 (HOME OF THE FREE BECAUSE OF THE BRAVE--GO SARAHCUDA !!)
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To: Nathan Zachary

So in the end we wind up with a Stalinist type of soviet czar,

Not me, we are so out of here long before that happens. Don’t get me wrong, I love my country, but when that happens it won’t be my country any longer. We will move to our other home outside of the US, permanently and obtain citizenship there.


25 posted on 02/14/2009 1:45:56 PM PST by mojitojoe (None are more hopelessly enslaved, as those who falsely believe they are free.)
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To: Logical me

Zero is indeed Manchurian and is played as a live marionette by the players both inside the white house and out such as axelrod and the rest.


26 posted on 02/14/2009 1:46:48 PM PST by rodguy911 (HOME OF THE FREE BECAUSE OF THE BRAVE--GO SARAHCUDA !!)
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To: mojitojoe

A lot of people say that and think that until you figure out that the U.S. has major league ties to almost every civilized country in the world and if it goes down it takes a large part of the world with it.


27 posted on 02/14/2009 1:49:37 PM PST by rodguy911 (HOME OF THE FREE BECAUSE OF THE BRAVE--GO SARAHCUDA !!)
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To: mojitojoe

What country? I’ve had several say they are ready to leave the US and they’re serious. Some are saying Mexico but I’m not convinced.


28 posted on 02/14/2009 1:49:39 PM PST by Conservativegreatgrandma (When the righteous rule, the people rejoice; when the wicked rule the people mourn. Proverbs 29;2)
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To: ArmstedFragg

You’re right. Stalin, Molotov, Kaganovich, Mikoyan et al. spent many an evening enjoying a fine meal, laughing, and swilling vodka while millions perished in the purges and collectivization.


29 posted on 02/14/2009 1:50:26 PM PST by T.L.Sink
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To: prismsinc

I’m thinking of re-reading Jefferson’s Kentucky resolution!


30 posted on 02/14/2009 1:52:18 PM PST by T.L.Sink
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To: rodguy911

Totally correct. The far-Left always planned to establish socialism incrementally - step by little step. And they’ve succeeded.


31 posted on 02/14/2009 1:58:31 PM PST by T.L.Sink
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To: Bubba

Why hide and bury? Use ‘em for Christ’s sake


32 posted on 02/14/2009 2:03:17 PM PST by Slehn
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To: Nathan Zachary

That point always got me, too. And yet, the masses fall for it all the time. Incredible.


33 posted on 02/14/2009 2:15:04 PM PST by Pharmboy (Democrats lie because they must...)
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To: T.L.Sink; All
He makes so much sense in the interview that I am now wondering if the only thing left to do is buy guns and gold? (Oh...and don't forget the ammo).

Another question for you or anyone else on these boards who knows a bit about history and economics: what happens to real estate value in times of Argentina-like hyperinflation?

34 posted on 02/14/2009 2:17:58 PM PST by Pharmboy (Democrats lie because they must...)
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To: Conservativegreatgrandma

New Zealand looks the best from the reading I’ve done on it.

I’d still want to try every conceivable option, including some that we’re discouraged from discussing here, before going to some other country.


35 posted on 02/14/2009 2:29:24 PM PST by perfect_rovian_storm
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To: Bubba
hid the guns and bury the ammo! They’re coming.

Pardon, but that sounds a bit counter-intuitive to me, if your intention is to remain free.

36 posted on 02/14/2009 2:29:50 PM PST by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: A_Former_Democrat; All

You touched on something that IMHO is perhaps the most outrageous action of the Obama administration: The clear attempt to SUBVERT OUR ELECTORAL PROCESS by removing the Census from the Commerce Department and putting it under the control of a partisan political hack like Rahm Immanuel. Rather than taking a census by an actual head count they will use the method of extrapolating by estimates. That gives them a clear opportunity to definitely tilt things in favor of Democratic minority groups. We all know the census determines not only congressional districts and electoral votes but how a whole array of federal funds are dispersed. The MSM has hardly discussed (surprise!) this blatant attempt to politicize the census as has NEVER before happened in American history. And this after only a month - can you imagine what it will be like in a year or two if this crap isn’t stopped?!


37 posted on 02/14/2009 2:31:04 PM PST by T.L.Sink
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To: DoughtyOne

Right - somewhere I posted a statement by Arnold Toynbee that says essentially the same thing: “Civilizations are not destroyed by murder, but from suicide.”


38 posted on 02/14/2009 2:40:07 PM PST by T.L.Sink
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To: T.L.Sink

I believe it’s a premise that goes back thousands of years. I probably did a terrible job of bastardizing the phrase (or perhaps a great job of it, LOL), but it’s drift is quite true IMO. And I think we’ve just jumped the shark.

If we survive the next four years in any recoverable shape, it will be one hell of an election.

Thanks for the mention of Toynbee’s similar thoughts.


39 posted on 02/14/2009 2:47:15 PM PST by DoughtyOne (Resolved: McCain 2010, Gregg 2010, Snowe 2010, Spectre 2010, Collins 2014)
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To: perfect_rovian_storm

What do you find intriguing about New Zealand? I think I heard someone else say that.


40 posted on 02/14/2009 2:51:49 PM PST by Conservativegreatgrandma (When the righteous rule, the people rejoice; when the wicked rule the people mourn. Proverbs 29;2)
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