| Author |
 Topic  |
|
|
Copper Catcher
Moderator
USA
594 Posts |
 Posted - 08/23/2008 : 20:27:06
|
|
http://www.youtube.com/watch?v=Dp8ZmQMCtqA
|
DISCLAIMER: The opinions expressed in this message are those of the author and are considered for entertainment purposes only. It is not the intent of this author to provide legal, investment or medical advice and nothing posted here should be considered to be so. You are advised to seek independent counsel to act upon any laws discussed in this communication. |
|
|
TenBears
Penny Hoarding Member
873 Posts |
Posted - 08/23/2008 : 22:17:59
|
| Watching that just makes me want to hoard more. |
"Rich," the Old Man said dreamily, "is not baying after what you can't have. Rich is having the time to do what you want to do. Rich is a little whiskey to drink and some food to eat and a roof over your head and a fish pole and a boat and a gun and a dollar for a box of shells. Rich is not owing any money to anybody, and not spending what you haven't got." Robert Ruark
there are too wild Indians...
there are too wild Indians...
there are too wild Indians...-----still taunted
|
 |
|
|
Nickelless
1000+ Penny Miser Member
USA
1340 Posts |
Posted - 08/24/2008 : 05:07:37
|
| The problem isn't the government. The problem is that the American people are demanding these entitlement programs from the government. "We the people" could stop this train wreck if we really wanted to. I'm just not convinced that, collectively, we really want to. |
Why hyperinflation is inevitable...and very soon:
http://www.shadowstats.com/article/292
http://www.ChrisMartenson.com |
|
|
|
redneck
Penny Collector Member
314 Posts |
Posted - 08/24/2008 : 05:28:12
|
Well, lets see.
According to the way the government thinks, works and pays for things,
as long as they have checks, they have money, right...?
Therefore this problem should be easy to resolve.
53,000,000,000,000.oo - (just have to write real small)
Where do I send the check ?
There,
problem solved....
> |
|
|
|
NDFARMER
Penny Collector Member
USA
294 Posts |
Posted - 08/24/2008 : 09:12:15
|
quote:
Originally posted by redneck
Well, lets see.
as long as they have checks, they have money, right...?
>
Hey Redneck you been talking to my wife? Thats the same bookkeeping strategy she uses, "AS LONG AS THERE ARE CHECK BLANKS LEFT WE MUST HAVE MONEY". |
COPPER - the "poormans" precious metal!!! |
|
|
|
swusc
Penny Collector Member
490 Posts |
Posted - 08/24/2008 : 13:44:54
|
The federal government is different than any other entity. U.S. debt is money to everyone else. That means it is always in demand and has some value. As federal debt increases the value of the dollar will decrease, but not one for one. It will be slightly slower due to population growth and productive gains.
Since the government is going to keep spending and the population won't allow congress to tax enough to cover the spending... there will be some rate of inflation.
Private party debt has some "money like" traits as well, so personal debt increasing are also inflationary.
-SWUSC |
`Everybody is ignorant. Only on different subjects.' Will Rogers
"This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the "hidden" confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard." Alan Greenspan, 1966. |
|
|
| |
Topic |
|
A Sobering Fact About OUR Debt!
