How Are We Going to Pay for All of This Stimulus? [View article]
I have a wife and two kids. That's about $12 million (with tip). I can probably cover that but WHAT ABOUT THE 300 MILLION OTHER PEOPLE WHO CANNOT!! Oh, and I lied about being able to cover $12 million in taxes.
Say goodnight, America. If this isn't the end, then my name isn't Hot Richard.
My indulgent, numbered post: 1. Can we define what "fail" means regarding the dollar. I believe that a dollar value that effectively renders US savings worthless is a good start.
2. Please remember--for your investment decisions--that the state will do everything to preserve the state. And, this is why a lot of Congress--like Barney Frank--are fully invested in government bonds. The state will--thru tax and confiscation--keep bonds alive. You many lose everything, but the order of priority for the state is directly related to what they need for state survival--and this includes keeping FDIC and government pensions alive (your pension/retirement is on its own--but the state will tax you to pay for its pension if you make enough to be taxed). DO NOT underestimate what the state will do to continue the state. No rights--property or civil--are off limits.
3. China oil reserves are now full. Completely full according to reports. Effectively they cannot add any more meaningful amounts of oil. Chinese billions cannot add more oil, don't want to add US treasuries, so what is left (easy answer)?
4. If you are buying guns, ammo and rice, start thinking about how your first (and only) target will most likely have to be the state (police/military). And as for that rice, ask your neighbors to stock up so you don't have to turn them away hungry.
5. The USA experiment has failed and we are now--or will be--socialist France--with a decidedly more aggressive military. This does not mean that capitalism or free markets failed any more than it means "peace" is a failed concept because we have war. The majority of Americans simply are not ready for that type of freedom and a democracy means they won't get it. We will serve as perfect bad examples for some generation in the future.
6. Make sure some of your gold accounts are real, secure, and convertible to whatever currency is in play at the time you need to convert and use funds to get the hell out of Dodge to begin your new life.
How Are We Going to Pay for All of This Stimulus? [View article]
Say goodnight, America. If this isn't the end, then my name isn't Hot Richard.
How Long Before the Dollar Fails? [View article]
1. Can we define what "fail" means regarding the dollar. I believe that a dollar value that effectively renders US savings worthless is a good start.
2. Please remember--for your investment decisions--that the state will do everything to preserve the state. And, this is why a lot of Congress--like Barney Frank--are fully invested in government bonds. The state will--thru tax and confiscation--keep bonds alive. You many lose everything, but the order of priority for the state is directly related to what they need for state survival--and this includes keeping FDIC and government pensions alive (your pension/retirement is on its own--but the state will tax you to pay for its pension if you make enough to be taxed). DO NOT underestimate what the state will do to continue the state. No rights--property or civil--are off limits.
3. China oil reserves are now full. Completely full according to reports. Effectively they cannot add any more meaningful amounts of oil. Chinese billions cannot add more oil, don't want to add US treasuries, so what is left (easy answer)?
4. If you are buying guns, ammo and rice, start thinking about how your first (and only) target will most likely have to be the state (police/military). And as for that rice, ask your neighbors to stock up so you don't have to turn them away hungry.
5. The USA experiment has failed and we are now--or will be--socialist France--with a decidedly more aggressive military. This does not mean that capitalism or free markets failed any more than it means "peace" is a failed concept because we have war. The majority of Americans simply are not ready for that type of freedom and a democracy means they won't get it. We will serve as perfect bad examples for some generation in the future.
6. Make sure some of your gold accounts are real, secure, and convertible to whatever currency is in play at the time you need to convert and use funds to get the hell out of Dodge to begin your new life.