I would really love to know how everyone on this site puts quotes in italics.
“Give me a break. We are a nation of 310 million people. 80% of the population lives in urban areas. The idea that any substantial number people can survive on subsistence farming is nonsense. Nor will anyone be insulated from the impact of inflation unless they are hermits living alone in the woods. And besides, what kind of state would the nation be in if the people were trying to survive on growing their own food? “
Plenty of people in urban areas had victory gardens during World War II. I live in a city of 200,000 in a metro area of 600,000. I would say that almost everyone who has a yard in the city I live in has the capability to grow enough food to keep their families alive. It might only be enough to sustain 1,000 calories a day but it is enough to keep them alive.
“How we would get from here to there would be problematic, especially since the dollar is the global curency. Essentially, we would have to declare bankruptcy as a nation, which would send the global economy into something far greater than the Great Depression. “
We’re pretty much already there. The media just hasn’t told you that yet.
“I went thru the Carter years and high inflation. I thought I got a bargain when I got a home mortgage rate of 10.5%. Inflation will drive up interest rates making it more difficult for people to buy homes or builders to construct new ones. And anyone on an ARM will have a major problem.”
If we ever seriously got into a situation of hyperinflation, those ARMs wouldn’t matter because very quickly the principal would be settled and the government would definitely step in and modify the mortgages so that people couldn’t get screwed on interest. Not the most economically efficient or market oriented solution but if we get to that point then the primary concern will be national survival and not fidelity to any high blown philosophy.
To start a quote in italics use this grouping < i > except no spaces. Then enter the text. To close the italics quote use this grouping < / i > except no spaces. But when using HTML you have to format paragraphs as well. < br > will give you a one line break. < p > will start a new paragraph (a two line break).
For bold < b > and to close < / b > again no spaces.
< i >Give me a break.< / i >
Give me a break.
Bold:
< b >We are a nation of 310 million people.< / b >
We are a nation of 310 million people.
With one line break:
< i >Give me a break.< / i >< br > < b >We are a nation of 310 million people.< / b >
Give me a break.
We are a nation of 310 million people.
With paragraph break:
< i >Give me a break.< / i >< p > < b >We are a nation of 310 million people.< / b >
Give me a break.
We are a nation of 310 million people.
Underscore:
< u >80% of the population lives in urban areas.< / u >
80% of the population lives in urban areas.
Strikeout:
< s >The idea that any substantial number people can survive on subsistence farming is nonsense.< / s >
The idea that any substantial number people can survive on subsistence farming is nonsense.
The America of WWII is far different than we have now. We had only 132 million people. They weren't as concentrated in urban areas. We also did not have a welfare state except for the nascent SS program. One in 8 Americans now receives food stamps. One in five is on Medicaid. We have a society that is largely based on an entitlement mentality and sees government as their benefactor. America living on 1000 calories a day would spark a revolution and chaos.
those ARMs wouldn’t matter because very quickly the principal would be settled and the government would definitely step in and modify the mortgages so that people couldn’t get screwed on interest.
LOL. Yeah government is the answer so people "don't get screwed on interest." Whatever happened to personal accountability and the rule of law as applies to contractural obligations?