After 8 years of Bush Policies? As usual, we disagree.
The Republican problem goes much deeper than you've indicated. I've seen the polls as I'm sure you have, that show that Americans identifying with the Republican party has slipped to 21% in April. Republicans are running moderates out of the party and what's left are nothing more than Rush ditto heads and fundamentalist Christians. If the trend continues and the fundamentalists bail, Rush's boys will be the only votes cast for the remnants of what once was a responsible party.
It is a relief to be rid of Bush, to be sure, but we still have the Bush mentality astride America. We still are in Iraq and we are there for good, too, as Obama's administration finally has admitted. Any Iraqi troop drawdown will be sent to Afghanistan, where we actually are expanding the war, not to mention north Pakistan where America now is conducting extensive bombing, as well. Gitmo still operates. The Bush doctrine of pre-emptive warfare lives on. Domestically, personal liberty shrinks daily while the Department of Homeland Security operates more and more like the new Gestapo.
W's tax and spend has become TAX AND SPEND under Obama. We have gone beyond simply saddling future generations with debt to be repaid for our current profligacy. Now America has sailed into uncharted (for her) waters by assuming debt that clearly never can be repaid. Debt that will bankrupt America with even a nominal increase in interest rates, in fact.
During the next four years, trillions more dollars in bailouts will be coming. Call it Obama's "Newer Deal," since he views himself as FDR II.
What's more, the amount of formal government bailout money will be, as today, dwarfed by the money stealthily created by the Federal Reserve Board, the beneficiaries of which they refuse to divulge, though the debt thereby created is hung around our necks.
Huge Federal spending deficits are in the offing, folks. As far as the eye can see. As a result, US bonds will be downgraded and interest rates will be forced up, thereby pushing deficits even higher, causing further bond downgrades and even higher interest rates and so on. You get the idea. Ultimately, the dollar itself will fail in a storm of hyperinflation, to be replaced by currencies that our erstwhile masters fancy themselves capable of more closely tracking (and more thoroughly take a slice of, every time it passes "Go" ). The Amero has been suggested for the coming North America Union.
Price inflation now is cooked into the world economy's cake, the inexorable result of massive fiat monetary creation by all World governments, including China's. The U.S. doubled its own monetary base in 2008 alone, though GDP declined by about 5%. While America's price inflation was a "mere" 15% in March (because bankers put their bailout money beneath the banks' mattresses for the time being), I foresee 20% by the end of 2009 and 30% when 2011 rolls around. 2012 should see at least 100% price inflation, with true hyperinflation then redefining the word inflation for all of us. Think not? Then consider this simple fact: food prices have doubled in the last three years alone.
We have laid the groundwork for inflation akin to that experienced by Germany between last century's major wars - what is known as Weimar inflation. In the process, America's entire middle class will be dropped down to the poverty level. We have no more than another three years, in my opinion, before the real financial troubles grip all of us.
Rick...you think it is NOW for Hyper? I thought it was supposed to be a year from now. What changed...the Chinese? Wasn't that predictable? Do you really think now is the time to jump in on gold?
Buy gold and silver. The real thing. Take possession. Do not buy the GLD or SLV ETFs unless you like the risk attendant to playing "Old Maid" with a deck that contains mostly Old Maid cards.
I prefer silver, which only now is making a strong upward move to match gold, which itself is about to set repetitive all-time highs. Silver will retake ground that it already covered two years ago, then match and, likely, outpace gold in setting new highs.
Can't you just feel the precious-metals market scanning the horizon and trembling, about to plunge in for a long, long swim?
Get out of dollar-denominated assets. Buy and hold the physical metal for the long haul. There now has been a complete separation of the prices of physical precious metals and the paper gambling markers reported by COMEX.
Physical gold and silver are entering their Black Market days, from which it will be many years before they emerge. Go on line to our most prominent Black market - eBay - and price out completed sales of bullion coins and bars. Premiums are being charged by the few dealers who actually have any stock available for sale. Keep that in mind when you get depressed by the reported spot prices.
Spot prices are for phony paper silver and gold, not the real thing. The real thing has kept its value much better than you might think and it will do far better in the months and years to come.
Sure it is tough to shell out big money today for a one-ounce silver Eagle when silver's spot price is much lower. But that simply reflects the difference in real value. The spread will only get larger, as our government keeps "injecting liquidity" into the banking system. In the not-too-distant future, paper metal will be worth no more than the paper upon which it is printed - less than toilet paper, in fact, as in today's Zimbabwe.
Domestically, personal liberty shrinks daily while the Department of Homeland Security operates more and more like the new Gestapo.
Which of course dovetails nicely with those new style combat helmets. Do they remind anyone of er...anything? Anyone?
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Originally Posted by capecodphyllis
W's tax and spend has become TAX AND SPEND under Obama.
Umm, not exactly. 'W' was tax cut and spend. As his people sold congress on the Bush new math. Which was Cut taxes and watch tax revenue grow. I published the tax revenue chart for the period in this thread. Suffice it to say that tax revenues did not grow. It was all snake oil.
As for Obama. The guy doesn't have a choice. He has to spend or we'll all be cooking over camp fires. Hyperinflation is now built in to our budget.
Quote:
Originally Posted by capecodphyllis
We have gone beyond simply saddling future generations with debt to be repaid for our current profligacy. Now America has sailed into uncharted (for her) waters by assuming debt that clearly never can be repaid. Debt that will bankrupt America with even a nominal increase in interest rates, in fact.During the next four years, trillions more dollars in bailouts will be coming. Call it Obama's "Newer Deal," since he views himself as FDR II.
No, hyperinflation fixes the problem. When a loaf of bread becomes $10.00 you know we just reduced our National Debt by 2/3's.
Quote:
Originally Posted by capecodphyllis
What's more, the amount of formal government bailout money will be, as today, dwarfed by the money stealthily created by the Federal Reserve Board,
This is another way of stating the same thing.
Quote:
Originally Posted by capecodphyllis
The Amero has been suggested for the coming North America Union.
Umm...no. That's internet conspiracy stuff. That coin was cast, and they are selling them today to anyone who wants one. It was never currency. Google this thread, it's already been disproved here. And I mean DISPROVED. There's even a link where you can buy your own Amero this afternoon.
You make some good points and then get caught up in conspiracy theories. Stick to the facts and you'll do fine here.
__________________ Tropic Cat
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As for Obama. The guy doesn't have a choice. He has to spend or we'll all be cooking over camp fires.
Yeah, it's working real well so far. And as for smoke and mirrors? Bambi makes Bush look like amateur hour when it comes to sleight of figures.
Rather than take the painful, yet necessary path of correction now, they're trying to avoid making the hard choices now, hoping events bail them out. In the meantime, they'll spend and spend and spend, looking for short term political gain at the cost of long term growth. And that's the whole problem, no matter who's in Washington. Right, left, or center, all they think about is the next election.
__________________
John
Ontario 32 - Aria
Free, is the heart, that lives not, in fear.
Full, is the spirit, that thinks not, of falling.
True, is the soul, that hesitates not, to give.
Alive, is the one, that believes, in love. JCP
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As an added fillup, Federal funds are now the largest source of state income.
__________________
John
Ontario 32 - Aria
Free, is the heart, that lives not, in fear.
Full, is the spirit, that thinks not, of falling.
True, is the soul, that hesitates not, to give.
Alive, is the one, that believes, in love. JCP
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In the meantime, they'll spend and spend and spend, looking for short term political gain at the cost of long term growth. And that's the whole problem, no matter who's in Washington. Right, left, or center, all they think about is the next election.
What's new about this? Presidential "kick the can" is an age old tradition. Unfortunately, Bush doubled the National Debt, and along with that comes more than double in debt payments. Have you ever wondered where all those $Trillons went? Now Obama is calling and raising the bet.
Anyway, the die is cast.
__________________ Tropic Cat
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Umm, not exactly. 'W' was tax cut and spend. As his people sold congress on the Bush new math. Which was Cut taxes and watch tax revenue grow. I published the tax revenue chart for the period in this thread. Suffice it to say that tax revenues did not grow. It was all snake oil.
I didn't get a tax cut under Bush.
Quote:
Originally Posted by TropicCat
As for Obama. The guy doesn't have a choice. He has to spend or we'll all be cooking over camp fires. Hyperinflation is now built in to our budget.
He reads what the teleprompter says. Even so, I still kind of like the guy. He just seems so naive, is the problem. He is allowing others to dictate policy, both foreign and domestic, and they are the same old clique: Council on Foreign Relations. That's why the Obama administration actually looks a lot like the Bush administration.
Obama has announced his clear intent to legalize the illegal aliens now in America. Similarly, Obama shows a clear disregard for policing our southern border.
Obama has usurped the upcoming census and placed it under the control of ACORN, the private association of hired guns proven to have committed so much election fraud during the past two elections. Guess what is about to happen to the reported demographics that determine electoral districts and representatives - not that it will make any difference, that is?
In a very recent appellate court hearing (Jewel v. NSA), Obama's Justice Department lawyers actually argued for even greater immunity in conducting warrantless wiretapping of Americans than did Bush's! As a candidate for the Presidency, Obama decried the use of what is known as the "state secrets" privilege by the Bush administration. Yet, as President, Obama now argues for its unprecedented extension, so as to provide unlimited immunity to the government for spying on all of us.
The only reason that congress is not moving forward with Obama's expressed desire to confiscate our guns is the fact that his election created such a boom in gun and ammunition sales that many stores post a picture of President Obama with the legend "Salesman of the Year" beneath it. And just try to go buy ammunition these days.
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No, hyperinflation fixes the problem. When a loaf of bread becomes $10.00 you know we just reduced our National Debt by 2/3's.
Hyperinflation doesn't fix the middle class.
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Umm...no. That's internet conspiracy stuff. That coin was cast, and they are selling them today to anyone who wants one. It was never currency. Google this thread, it's already been disproved here. And I mean DISPROVED. There's even a link where you can buy your own Amero this afternoon.
You make some good points and then get caught up in conspiracy theories. Stick to the facts and you'll do fine here.
Ummm... you need to read my post again. I said "it's been suggested." When powerful people and organizations float such an idea, it's best to squash it immediately.
The North American Union and Amero are not "internet conspiracy theories." The North American Union (NAU) has been openly discussed and proposed among government officials with business leaders in academic and scholarly circles for many decades.
The Security and Prosperity Partnership of North America (SPP) was founded by the governments of Canada, Mexico and the United States in March 2005 to dramatically alter the economic and political status quo between said countries, as proven by the subsequent publication in May 2005, by the Independent Task Force on North America, of a report which praised the SPP initiative and called for much greater integration by 2010.
A broad spectrum of politicos criticize the secrecy of the SPP and its dominance by multinational business entities and its plans to expand the North American Free Trade Agreement (NAFTA) into a North American Union analogous to the European Union (EU), with open borders and a common currency among other features.
The Council on Foreign Relations (CFR) recommended that in order to safely globalize the world we must "abandon unwanted currencies, replacing them with multinational currencies as yet unborn." Lending support for the end of national currencies, the traitors at the Federal Reserve Bank coauthored a journal article that argued the economical prudence of a common currency between nations, "The use of different moneys across borders can form a barrier as there are costs in exchanging currencies in spot and forward markets and traders face uncertainty about currency movements that cannot always be hedged. A common currency also leads to greater transparency of price differentials." The Council on Foreign Relations (CFR) is composed of some of the most evil men and women ever to inhabit Washington, DC.
Why else do you think that CFR-member bankers are being bailed out right and left while we are left to flail hopelessly in an ever-rising tide of debt and regulation? Why else do you think that AIG, which still pays its executives million-dollar bonuses for failing, is given billions upon billions of our tax dollars, which it then dutifully funnels to the banks and congressional pension funds that it insures? Why else do you think that major corporations that should have gone under long ago are being shored up with your tax dollars? Not to save the workers' jobs, because our "leaders" certainly care nothing for them, but to save the banks and insurance companies who have propped up those failing corporations.
Just as Russia was looted late last century and left for dead, so is America now being looted. America will be left just as hollowed out as was Russia, unless we do something about it and do it quickly.
The amero would be the North American Union's counterpart to the euro, as endorsed by the Fraser Institute think-tank. Robert Pastor, vice-chairman of the Independent Task Force on North America, also supported the idea in his 2001 book Toward a North American Community. The neoconservative Howe Institute also advocates the creation of the Amero. And Former Mexican President Vicente Fox jumped aboard the Amero bandwagon with great enthusiasm.
In September 2006, U.S. Representative Virgil Goode proposed with six co-sponsors non-binding House Concurrent Resolution 487, which specifically outlined opposition to a North American Union or a NAFTA Superhighway as a threat to U.S. sovereignty. The bill never left committee. The same resolution was reintroduced by Goode in January 2007 for the 110th Congress as House Concurrent Resolution 40, this time with forty-three cosponsors, including 2008 Republican presidential candidates Duncan Hunter, Ron Paul and Tom Tancredo.
The neocons and progressives for tens years prior to the adoption of NAFTA described opposition groups as "neo-nazi, protectionist conspiracy nuts." Fact is, it's adoption did exactly what the "nuts" had predicted. It decimated much of what was left of our industrial base.
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