Posted on 08/20/2014 7:09:30 AM PDT by xzins
If interest rates rise for any reason, then the nation's budget becomes mush as interest payments on the national debt soar.
Andy you thought the riots over the fully-justified shooting of Michael Brown were bad? Wait until all of those people get their bennies cut when the economy collapses. You ain’t seen nuthin’ yet.
It’s just a matter of time.We’re doomed to civil war,insurrection and the destruction of the Republic.
had a 200 pound small height woman in front of me the other day.
We pay nearly 300 a week for food etc, and yet she had twice as much as us.
3 parts she paid for.
One welfare food stamp card for food, next a flimsy paper card for toilet paper etc, and another card for utensils etc.
No wonder she was laughing a joking in front of us.
Saw her later getting in her nice new vehicle, but I can’t say anything as that would be racist.
Also ever noticed that those on welfare are not that thin, so they are hardly starving.
Conservatives keep talking about a “tipping point.” With one hundred million people getting some type of transfer payment, we already are passed the tipping point. We are in a Welfare State death spiral where people don’t have the maturity or emotional toughness to cut back on transfer payments. The answers keep coming back to “have someone else pay for it” by either borrowing or taxing the mythical “rich.”
Something has to give. If the trend is reversed, there will be a soft landing. The trend will not be reversed. There will be a very, very, hard landing, as in lots of deaths.
When interest rates begin to rise, then look out. Trouble’s coming.
Two of England’s major banks were calling for interest increases yesterday, I think. That will come here.
My bank is paying .1% for a savings account. I didn’t say 1%. I said .1%. That cannot sustain. I saw 2% on a FIVE YEAR CD being offered by some bank.
REDISTRIBUTION -— What Hussein promised to Joe-the-Plumber in 2008
well, we have fully 1/3 of people in this country on public assistance of some kind.
Can a nation survive long term with such a dependent class?
I agree.
Why does nonworking American make many times more than the unskilled worker of China?
I’m thinking it is because they are being held up by all the skilled capitalists in USA, but as that number drops, our unskilled or nonworking will head towards Chinese pay levels.
The only thing that lets this farce continue is the US dollar reserve currency status. The day that ends is the day the entire rotten structure comes crashing down.
Add in the State and local transfer payment recipients.
Gerald Celente, who has been right more often than not, predicted this would happen. Timing? Maybe not so much, end state? Celente nails it.
People will explode when they lose the freebies.
The question is when? This year? Next year? This decade? Manipulation of currencies and markets, the glut of 660 trillion in debt worldwide is already well beyond any fix imaginable.
People will die. It will not end well for any but the elite. They will have food, water, shelter and medical care while the world burns around them.
Well, I just depressed myself. However, I am open to anyone that has a brighter future scenario to share.
And this welfare can never be reduced without riots not unlike America has never seen before. Millions will tear America apart.
By the way once again, miss Romney yet. That was the biggest mistake millions of ignorant Americans will regret. You have taken the biggest part in America’s destruction.
And when the ChiCom types take over, then they will STOP handing out money and will make the peasants work for their gruel. Some ask why the Chamber of Commerce supports socialist policies and illegal immigration. Probably because money and power are interchangeable depending on the governmental system in which you live.
They consider themselves the elite now. They think they’ll also be the elite then. And power in a socialist system is as good as money in a social corporatist system.
Is that not insanity?!
Why would any sane nation add millions more to its already huge welfare rolls? The only answer: ulterior motive.
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