XPost: can.general, can.politics.
From: Canuck57@nospam.com
On 12/07/2011 11:35 PM, John Fleming wrote:
> On Tue, 12 Jul 2011 21:10:02 -0600, while chained to a desk
> in the scriptorium Canuck57 wrote:
>> $On 11/07/2011 10:37 PM, John Fleming wrote:
>> $> On Mon, 11 Jul 2011 21:09:00 -0700, while chained to a desk
>> $> in the scriptorium "Bilderberg..sucks"
>> $> wrote:
>> $>
>> $>> $funky Zanuck said..
>> $>> $
>> $>> $>I don't lend money, I ceased all investments of lending money in
2004/06
>> $>> $>and didn't get burned as much as most when the Debt Depressions
started. In
>> $>> $>fact, I made money on it with cheap buying opportunities. But I
don't
>> $>> $>subscribe to liberal economics theory as it is dead wrong.
Conservative
>> $>> $>theory says if real savers interest rates drop below inflation plus
taxes
>> $>> $>you are entering a recession/depression and sell of certain type
>> $>> $>investments.
>> $>> $
>> $>> $>Thus I don't own banks, I don't have bonds, no CD/GIC and no T-Bills
or
>> $>> $>CSBs. They are bad investments.
>> $>> $
>> $>> $Tell us, what are you going to do when the tide turns where a cashless
>> $>> $society is put in place and money is no longer going to do you any
>> $>> $good...unless you invested in gold or silver..did you take that into
>> $>> $consideration and fact like some of us did...
>> $>
>> $> Cashless society simply means you and I won't be running
>> $> around with coins in our pockets and bills in our wallets.
>> $
>> $I think he meant you don't buy or sell anything. But for cash as print
>> $money, yes, that was my initial thought ... but the idiot was talking
>> $like it was gong to be free.
>
> Ah yes, the society where you line up at breakfast for your
> bowl of porridge.
>
> Then spend the morning working just hard enough to keep the
> guards off your back.
>
> Then line up at lunch for a slice of rye bread with a pat of
> butter--unless you are being punished, in which case you get
> just the bread.
>
> Then spend the afternoon working just hard enough to keep
> the guards off your back.
>
> Then line up at supper for your serving of today's mystery
> meat with some tasteless vegetables on the side--unless you
> are being punished, in which case you get just the tasteless
> vegetables. On a national holiday, the state gets generous
> and you get something for dessert.
>
> Then you get two hours for recreation. You know, watch
> state sanctioned black and white TV. You get your choice of
> channel 1.
>
> Then you get shower and get ready for bed. Exchange one
> pair of badly fitting coveralls and communal underwear for
> another pair of badly fitting coveralls and communal
> underwear. Then it's off to the dormiitory you share with
> 19 other members of the worker class.
>
> He can have it.
>
>> $> Everything just becomes electronic payment. You use your
>> $> debit card or your credit card to pay for everything.
>> $
>> $I am already there. I don't write one check a year, one for property
>> $taxes. Everything else is on the visa, only get $400 from the bank
>> $every 6 months or so. Only use postage for income taxes, and that might
>> $end soon too.
>> $
>> $But I have zero investments in money lending. I have a feeling that no
>> $mater what the USA does short of a $1.6 trillion cut in spending, the
>> $USD is trash no value money. And likely Ottawa will follow.
>
> I'm a little more optimistic than you are, but not much.
>
> But I agree. The US can only raise that debt ceiling for so
> long before someone draws a line in the sand and says, "Pay
> Up!!"
>
> We are seeing the warning shots in the EU right now. Greece
> is teetering on bankruptcy. Moody's just downgraded Irish
> debt to junk status--for what it's worth. Probably won't be
> long before the rest of the PIIGS get their turn.
Good one. Yep, he can have it. No cash in jail.
I call them the J CU PIIIGGGS in DEBT, G8/20 mostly. Which is what
G8/20 meetings are really about. A bunch of debt welshers getting
together to figure out how to welsh on debt and scrw the people with
taxes. Debt-tax slavery.
J CU PIIIGGGS - Japan, Canada, USA, Portugal, Italy, Iceland, Ireland,
Great Britain, Germany, Greece and Spain.
Fact is fiat currency collapse is inevitable with current policies. And
I don't see any champions, just a mass of debt welshing criminals. Like
Greece, no one invests there because of the tax-slavery.
Fact is our governments are far too large for society to support. And a
madness of debtors denial is rampant. They might get away with it for
ahile yet, but when the bubble breaks don't be surprised if in 10 years
eating at McDonalds costs $50 or $100 for a burger and fries.
Am I glad I moved 80% of my portfolio from USD to CAD in 2004....71
cents USD bought be a loonie. Th reason Canada has been sapred USA
carnage is because of the loonie strength. But I don't know how long
that will hold. So I watch the currency markets like a hawk.
For example, one could argue gold didn't go up 3% in the last 30 days,
the currency went down. It did against the Yuan.
I know why the government is trying this fraud. Cardinal rule of
government, we can only get bigger and more inefficient. And if they
can devalue the currency, the idea is to pay $1 future valueless dollar
on todays dollar debt. But it has backfired as it wasn't a sound
liberal concept to begin with and ignored negative impacts on revenue
and employment.
The only answer is for debtor governments to immediately take tangible
steps towards a balanced budget. But what we will see from US congress
is bullshit posturing and more debt. Insanity.
--
Now the real war is on Obama-debt, to save America's future.
And do it for your kids sake....and ignore the selfish fleabags...
--- SoupGate-Win32 v1.05
* Origin: you cannot sedate... all the things you hate (1:229/2)
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