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Joined: Sep 2006
Posts: 1,964
Dawg Talker
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Dawg Talker
Joined: Sep 2006
Posts: 1,964 |
Don't see any statement of political affiliation, they appear to be largely investment-related, there may certainly be a financial incentive for emphasizing the gloom and doom.
There would appear to be no incentive whatsoever to sugar-coat the situation and make light of it, as there is for most political leaders.
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Joined: Sep 2006
Posts: 435
All Pro
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All Pro
Joined: Sep 2006
Posts: 435 |
jc
That article reinforces my belief that we are headed towards some kind of collapse and major restructure of the government in the near future. I said to a friend recently, that we are in the great depression of this century. I'm quite conservative fiscally, to the point of believing the New Deal policies of FDR actually extended the depression in the 30's. Had WW2 not happened I think it would have stretched along a lot longer.
A historical example to support my claim is the economic depression of 1920. 47% decline in DJI...11% unemployment rate. The government did absolutely nothing to stimulate the economy, the only course of action was to DOWNSIZE the government. The economy sagged, but Washington felt that it was not the place of the federal government to mess with the markets. The result? Recovery by 1922.
Government needs to just quit softening the blow. Things might suck in the immediate future, but the end result will be recovery.
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Joined: Feb 2008
Posts: 6,370
Hall of Famer
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Hall of Famer
Joined: Feb 2008
Posts: 6,370 |
Quote:
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This time around, we are our own Weimar Republic.
Not that it means much, but I'm glad to see someone else gets it.
We're headed for Zimbabwe's future folks. Okay, Obama isn't Mugabe. Mugabe is actually less dangerous than Obama is.
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Joined: Feb 2008
Posts: 6,370
Hall of Famer
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Hall of Famer
Joined: Feb 2008
Posts: 6,370 |
Quote:
So ... if they were a right leaning organization, how would that color your opinion of their work?
What about if they were a left leaning organization?
What if they were libertarian?
I could find you articles that state that we will grow our way out of our current mess once the global economy recovers. I don't believe them .... and it doesn't matter who writes the articles. I believe that we are past that point. We light be past the point of no return.
The one good thing is that I have a mortgage right now and not a rent payment. If we hit hyperinflation, then my mortgage payment will be a drop in the bucket.
How's that for finding a silver lining in one hell of a cloudy mess? 
Good for you, it won't help you when the tomatoes and a loaf of bread cost more than your house. 
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Joined: Feb 2008
Posts: 6,370
Hall of Famer
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Hall of Famer
Joined: Feb 2008
Posts: 6,370 |
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I like to be optimistic. I also like to be realistic. And I see nothing that says this country isn't going to fail, soon.
We are already past the point of no return. One has to believe in miracles at this point (which I do). If the GOP grows a spine and confronts Obama (and let the gov't default happen if we must) and let's start over from there. We're going to reach that point sooner or later and the longer it goes on the worse it will be.
I know what we'll end up doing. When the creditors come looking for their money, we'll simply print the money to pay them off. Plain and simple. We'll pay off those debts with worthless paper. That's what the Weimar Republic did and for the efforts, they got Adolf Hitler.
We likely won't get that here though. Germany has a militaristic history. The United States doesn't, and there is a big difference between 1920s Germany and the United States. We have the 2nd Amendment - at least, for the time being.
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Joined: Sep 2006
Posts: 42,961
Legend
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Legend
Joined: Sep 2006
Posts: 42,961 |
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Honestly - $61 trillion in debt and unfunded liabilities - and you're worried about who wrote it??????
Honestly, let's say Mac wrote it,,, would you then say it's spot on?
Why is everyone so up in arms.. I asked a simple question,.
#GMSTRONG
“Everyone is entitled to his own opinion, but not to his own facts.”
Daniel Patrick Moynahan
"Alternative facts hurt us all. Think before you blindly believe."
Damanshot
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Joined: Sep 2006
Posts: 11,367
Legend
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Legend
Joined: Sep 2006
Posts: 11,367 |
I don't believe we are beyond the point of no return. But, things need to change drastically to turn things around. This country needs to stop electing incompetent people and stop expecting the government to take care of them. Do I think either one of those things is likely to happen? Highly doubtful.
We need some good Libertarians in there. It's our best chance at surviving all this.
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Joined: Feb 2008
Posts: 6,370
Hall of Famer
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Hall of Famer
Joined: Feb 2008
Posts: 6,370 |
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Honestly - $61 trillion in debt and unfunded liabilities - and you're worried about who wrote it??????
Where did the $61 trillion number come from? It's much higher than that, like $114 trillion - and that doesn't even take into account inflation (or hyperinflation).
U.S. Debt Clock
We can't dole out this money and we can't pay off the debt that we owe! If the federal gov't took in more than $1 trillion more than it spent and applied every penny towards debt reduction, it would take several decades to pay off the debt. We're adding more than $1.5 trillion in additional debt this year. It isn't going to work.
We are bankrupt but it just hasn't been officially declared. It will be foisted upon us though by our creditors though.
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Joined: Sep 2006
Posts: 5,577
Hall of Famer
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Hall of Famer
Joined: Sep 2006
Posts: 5,577 |
JC
Just as a side note.. I see dems are defending Obama's economy remarks and his dissapointment that hiring / the economy isn't improving.
Thats funny. they are defending their nuts and not their Weiner..
SaintDawg™
Football, baseball, basketball, wine, women, walleye
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Joined: Sep 2006
Posts: 11,367
Legend
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Legend
Joined: Sep 2006
Posts: 11,367 |
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Joined: Sep 2006
Posts: 39,690
Legend
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Legend
Joined: Sep 2006
Posts: 39,690 |
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It was a decent read up until the end where it turned into a blatant and shameless plug for Ron Paul. Aside from that plug, however, I have to say that it is a very articulate article that it would be hard to find fault with. Everything in there appears to be based in fact... it is what it is, we're a failing nation.
I am not so sure it was a plug for Paul so much as a plug for that type of fiscal thinking.
I have been a member there for a while and don't find it to be biased for or against any political party.....just biased towards you and me and giving us sound information and what I consider pretty good advice with where one might want to put their money.
It's simple focus is on money and the policies this country has taken that are driving the dollar downward.
I really consider it non-partisan when it comes to political affiliations....the editorial is pretty even handed and simply calls it as they see it.
BS stinks no matter who's it is as far as this site is concerned.
If everybody had like minds, we would never learn. GM Strong ![[Linked Image]](http://www.dawgtalkers.net/uploads/small-gator-chomp.gif)
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