XPost: can.general, can.politics, ott.general   
   From: Canuck57@nospam.com   
      
   On 12/09/2011 11:06 PM, John Fleming wrote:   
      
   >> $But the strategy ends up in reality being an exercise is spending ones   
   >> $way out of a debt problem.  And that will not work any better for   
   >> $government than it would for you or I.   
   >   
   > Agreed.  If I ran my personal finances the way governments   
   > run theirs, collection agencies would have me on speed dial.   
      
   How true.  And to to borrow more money would take 28% rates and   
   unencumbered collateral.   
      
   >> $It will mean higher interest rates.  But 8 months after all is done the   
   >> $economy should pick up...   
   >   
   > One of the problems with low interest rates is it makes life   
   > a lot tougher for retirees who are using investment income   
   > to pay their bills.   
      
   Agreed, and in more ways than one.  Pension funds private and public get   
   raped.  Government borrows it as some ridiculously fraud low rates below   
   inflation -- a crime of government/bank fraud really.  And why I don't   
   loan money at all in these markets.  I don't even own mortgage mutuals,   
   preferred or bonds.   
      
   If you or I were 20 and could get a 40 year 1% rate from the government,   
   just borrow a billion, buy gold, 40 years later that is a lot of   
   inflation gains.  And why we have so much personal debt as a society.   
      
   It will come to an end one way or another.  The fraud is why the economy   
   is crashing.   
      
   A retired couple not market savvy gets $20K income from $1.5M retirement   
   savings isn't going to pay much taxes and will ask or OAS.  An spend   
   much less.  All point to more government expenses and less revenue.   
   Government shoots itself in the foot and liberal economists are just too   
   damned stupid to see it.   
      
   > With a 2% interest rate, a senior would need over half a   
   > million in his or her RRSP.  And that assumes the capital   
   > pool is completely depleted after 30 years.   
      
   Depends on the burn rate, but at subsistence yes.  I plan on cruises, 3   
   months in Equator and the like.  But my retirement plan at 55 I actually   
   save money, for the trips. ;)   
      
   >> $But it also means smaller government, and why it will not happen.   
   >> $Preservation of big government is more important to our governments than   
   >> $its own people.  We are more likely to see a currency transaction   
   >> $(wealth) tax, confiscation of wealth and so forth like the Roman Empire.   
   >> $   
   >> $Destiny for Americans and Canadians, increasing debt-tax slavery.  Until   
   >> $they revolt of course.   
   >   
   > And when they do that, call in the tanks.   
      
   Part of what let Hitler get power in Germany for WW II was the national   
   debt and economic mess.  The socialists unions (Nazi) backed Hitler war   
   machine on debt.   
      
   Similar circumstances to USA really.  But Hitler blamed the Jews, Obama   
   blames the Chinese.  Hitler takes Poland and Austria, Obama bombs Libya   
   and undermines others.   
      
   We may be closer to WW III than we think.  USA being the aggressor this   
   time.  Chinese and Russia are not happy with USA/NATO/Euro Bank/Gov   
   Regimes in Libya oil conquest.  And they are watching....   
      
   This winter sometime I am off to various places looking for investments   
   and a possible move to South America.  I don't trust Ottawa in this   
   mess, and as my grandfather said, always get out when times are good.   
   And USA futures suck, I need more diversification than Canadian resources.   
      
   Note how USA is talking of reductions in medicade/medicare and social   
   security but ignoring the $800B annually to the WW II war machine.   
   NSA/CIA extra.   
   --   
   First rule of holes:  If your in one, don't keep digging.   
   So in the hole, why do we insanely want more debt?   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)