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To those who voted for Democrats two years ago

By maxwell edison ·
You contributed to adding more debt onto the shoulders of future generations than everyone else over the past 200 years! AND, you contributed to the impending total collapse of the U.S economy more than everyone else over the past 200 years!

http://www.cnsnews.com/news/article/111th-congress-added-more-debt-first-100

Go ahead, blame Bush. It's all you seem to do. But you only have yourselves to blame. Your day of reckoning WILL come, and you will have dragged others down with you.

What will you do when the Dollar collapses and the United States defaults on both its debt obligations and promises to its citizens? What will you do when the Dollar is devalued? What will you do when the World Reserve Currency is no longer the Dollar? It will happen, you know; it's just a matter of time. And it will happen sooner rather than later. (And why is George Soros, Democrat's favorite billionaire, buying up all the gold and silver he can get his hands on - all the while, advocating MORE government spending and debt accumulation?)

When will people realize that America's credit card is WAY over the limit? And it's actually too late to fix it. I've been sounding the warning for twenty-plus years. But no, my detractors claim; I'm just mean-spirited and selfish.

In short, the American people have elected themselves out of the best thing that's ever happened in the history of the world. They've killed the Golden Goose in exchange for their own (selfish) basket of eggs.

P.S. I also blame the weasel and spineless Republicans who were sucked into the Democrats' games, and were, themselves, no more than Baby Democrats. But whatever it takes to get elected, I suppose.

Do you belive such a thing? Do you share such an outlook? If so, what will you do to prepare yourself? If not, why not?

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Not just debt, Max; not just voting Democrat/Republican

by santeewelding In reply to To those who voted for De ...

The assault overwhelms an individual on many other fronts. Debt and default, however, will grab and spin violently around anyone who has not been paying attention.

Past time to complain about it.

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The assault:

by maxwell edison In reply to Not just debt, Max; not j ...

That's a great description, Santee.

It is - and has been - an assault. It's been an assault on liberty, an assault on freedom, an assault on individual rights, and an assault on the very fabric of what made America great in the first place.

But I'm not complaining about it - at least not any more. I used to, I suppose, but that time has long passed. Instead, I'm starting to plan for the inevitable - although that presents quite the challenge.

Anyone who doesn't believe that the American economy and the American Dollar is on the road of collapse - a road of no return - is simply ignorant or in denial.

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You're overstating the problem

by DelbertPGH In reply to The assault:

The way you talk makes me wonder if you're stocking up on canned food, ammunition, and Krugerrands. "An assault" on liberty, freedom, indiviualism, and the sinews of American greatness. Sounds like somebody has declared war against you. But nobody has. No war. Relax a little. Worry about the real problem.

The U.S. has gotten into a financial mess because of a lot of mistakes, but mostly by wishful thinking (house prices can go up forever, bankers' salaries can go up forever, jobs can disappear overseas forever, taxes can be cut forever, and we all will be better because of it.) We had a huge asset bubble that popped, and now we are left with a shrunken economy, mortgages that will never get above water, and no confidence. If you study depression economics, you know that if government spending is slashed to match our lowered government income, then confidence and business activity will fall further. It could potentially increase red ink more than the crazy stop gap spending you hate so much now, once unemployment runs to 20%.

It is going to take years for our 10% unemployment to get back to the 5% level. Probably about five years. We have a special problem right now because businesses, sitting on a trillion dollars in profits, don't see any reason to put it at risk by investing in job-creating projects. Private equity (i.e., American rich guy money in limited partnership investment clubs) is putting its tax-cut savings into foreign investment, because they don't want to risk it here. The private institutions with cash and the power to put it to work behave like they don't believe in this country.

Economic dogma says that lower interest rates should produce higher economic activity, but rates are near zero for short term money and 3% for long term, and the economy has not reacted. Traditional economics says that crazy low interest rates cause inflation, but it's not happening now. Conservative economists say that if taxes are lowered (note: deficit thereby raised) we will automatically see more investment, but it hasn't happened lately. In fact, taxes have been low since 2002 and all we got was anemic growth and a huge bubble. All the things we were sure of about our economy seem the be false today. Economic truths are on a holiday, until the economy comes back.

Economics is not like physics; it's a behavioral science, and right now America is a frightened mob. All it wants to do is conserve its savings and get rid of its stifling mortgages, and it does not invest, no matter how sweet the inducement. If government does not do its job and force economic action, by various forms of stimulus, our economy can and will collapse, until you have 20%-plus unemployment, people dying in front of hospitals that can't afford to admit them, and a generation of kids who won't get a college education. Because, like in the 1930s, when it gets that bad, it stays stuck at the bottom for a decade. Maybe if it gets really bad, you get a revolution. Check the politics of the Depression: Huey Long, Norman Thomas, Father Coughlin, Americal First, fascist clubs.

One last thought: what was it that ended the Great Depression in America? Why, it was the biggest, most wasteful government spending program of all: we paid ten million Americans to dress in funny suits and march in circles, and ten million more to build planes and vehicles that smashed into the ground or burnt or got blown up. It was the Second World War, and we put it on credit.

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Your smug and condescending attitude is part of the problem

by maxwell edison In reply to You're overstating the pr ...

Re: The way you talk makes me wonder if you're stocking up on canned food, ammunition, and Krugerrands.

People should have individual disaster plans in place, or at least in mind, to prepare themselves for any number of disasters so they DON'T have to rely on government to do it for them. All one has to do is look at the debacle called Katrina as an illustration.

People should be prepared for medical emergencies by at least having a First Aid Kit, and know how to administer it. For all too many people, the only First Aid they need to know is 911.

People should be prepared in case of massive power outages.

People should be prepared for weather emergencies.

And yes, people should be prepared for some degree of civil unrest and/or social collapse. It can't happen here, you say? Yea, right.

But it's your smug and condescending attitude that exacerbates the problem. And it presupposes that people should not be prepared to take responsibility for themselves. Just wait until we have the nation-wide economic version of Hurricane Katrina. People might wish they were better prepared and relied less on government and more on themselves.

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I'd prepare for tough times, but not civilizational collapse

by DelbertPGH In reply to Your smug and condescend ...

I'm paying down debt, and losing weight. Leaves me less susceptible to two kinds of potential economic misery. Although I'm not building up a year's supply of canned food (like a Mormon), I buy extra when it's cheap. Lots of people like me, holding back on our spending and being very careful of what we do spend it on, contribute to the slow growth of our economy and to the near-zero rates of inflation.

What I'd <u>really</u> like to see is my government get a proper stimulus working, (preferably something that rebuilt our infrastructure so we'd have something lasting and useful to show for the borrowed money,) so we could get the **** out of this panicked recessionary mindset. Then, all of a sudden we'd have inflation and the budget deficit to worry about, which we'd be able to fix, because we'd be rich Americans again.

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"I'd"

by santeewelding In reply to I'd prepare for tough tim ...

Meaning, that, at the moment, you are not prepared for immediate and personal adversity? You look to the kindness of strangers, themselves beset?

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My fallout shelter's not stocked and the barbed wire's not strung, no

by DelbertPGH In reply to "I'd"

I'm still counting on the reasonableness of others.

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All you can do

by Oz_Media In reply to I'd prepare for tough tim ...

As Maxwell always indicates, you must look out for number one (yourself and/or your loved ones...your immediate loved ones anyway).

So when you go to the store to buy a $10.00 can of corn and they are out of stock because the country can't afford to import more from the nations you rely on, go and knock on Maxwell's bomb shelter door, it's all his fault for hoarding it.

Not to worry, we;ll send down some bags of food and aid as needed. Maybe those poor folks in Iraq will help out as thanks for all the good you did for them or maybe having the biggest military force in the world will help.

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Smug and condescending attitudes

by Oz_Media In reply to Your smug and condescend ...

SMUG: I've been sounding the warning for twenty-plus years. But no, my detractors claim; I'm just mean-spirited and selfish.

CONDESCENDING: You contributed to adding more debt onto the shoulders of future generations than everyone else over the past 200 years! AND, you contributed to the impending total collapse of the U.S economy more than everyone else over the past 200 years!
...
Your day of reckoning WILL come, and you will have dragged others down with you.
...

Three words, POT, KETTLE, BLACK, I won't call you the 'H word' though, it's just too obvious.

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Look who's talking

by Ben "Iron" Damper In reply to Smug and condescending at ...

You Canadian A-hole.

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