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Christmas shopping basically ended two weeks after Black Friday. What were the sales increases for December , 0.1%? Plus all those gift cards went to buy necessities, clothes and food.
Now we're seeing an increase in crime as the debts are coming due.
But banking is the major threat right now, the struggling european markets will suck money right out of our banks, stopping domestic lending. Of course the fed will just print the money anyway so hello inflation.
The inflation is definitely here.
The $1 earned is worth less than that $1 found on the streets
= Capitalistic Tax payers worth less than (treated worse & dubbed killers) welfare receivers.
= More taxes for taxpayers & they have to pay premium everything (gas, food, shelter) vs non-taxpayers (homeless, jobless, even illegals etc.) gets free from government.
= Less & less taxpayers from big government killed capitalism = less capitalistic opportunities = less hires = more jobloss = more and more people NOT paying the tax = more and more people on welfare = vicious cycle = death of a great economy.
Say take that 30 cents out from the dollar earned for tax... now that = big government or what???
Then times this problem by food increase, gas increase etc. by less & less tax payers (job loss X bad economy) = financial collapse.
Add that leader asking for bail out in the Trillions (biggest amount ever)
= leader using credit (not real money the income our GDP & economy can sustain) to pay debt / fund more debt = losing cause for our economy.
Say country = house.
Say individual family in debt = chip in paint / wall.
Now leader = structure damage to the house
= Very very BIGGGGGG Problem.
Kill Capitalism (the income generator)
Feed the murderer (the government)
The rest of US citizens not in the pockets of the government go hungry.
Fact: government wants to monopolize the whole country's food, income, gas, anything of value (control gold even).
Thus taxing the power (financially) of the common while building wealth & power for themselves.
= vote for more of the greedy problem
= we reap what we sow
= financial collapse.
If inflation was really any sort of clear and present threat the dollar would not be so strong against other currencies. Right now the US is a safe haven and even our low paying treasuries are the bonds of choice. We need to get spending under control, but that cannot happen if neither side will capitulate on their favorite spending categories. Both entitlements and defense will have to be addressed to have any meaningful impact.
If you believe that imminent doom is upon us, then put your assets in gold or your mattress. If enough people freak out, it will drive the price of equities down short term - a buying opportunity. If you scooped up values during the "dark days" of 2008, you would be very pleased with the outcome today. I know I am.
If inflation was really any sort of clear and present threat the dollar would not be so strong against other currencies. Right now the US is a safe haven and even our low paying treasuries are the bonds of choice. We need to get spending under control, but that cannot happen if neither side will capitulate on their favorite spending categories. Both entitlements and defense will have to be addressed to have any meaningful impact.
If you believe that imminent doom is upon us, then put your assets in gold or your mattress. If enough people freak out, it will drive the price of equities down short term - a buying opportunity. If you scooped up values during the "dark days" of 2008, you would be very pleased with the outcome today. I know I am.
During the last great taking (collapse) Gold was confiscated.
Also, how do you eat gold?
I read a collapse story during wartime Bosnia. Gold was useless.
Ammo, Food, Alchohol and Bic lighters were the Gold for over a yr.
One Bic Lighter bought a hooker for 2 hrs., the hooker was usually a mom trying to feed her kids, and she could trade the lighter for 2 cans of food.
If inflation was really any sort of clear and present threat the dollar would not be so strong against other currencies. Right now the US is a safe haven and even our low paying treasuries are the bonds of choice. We need to get spending under control, but that cannot happen if neither side will capitulate on their favorite spending categories. Both entitlements and defense will have to be addressed to have any meaningful impact.
If you believe that imminent doom is upon us, then put your assets in gold or your mattress. If enough people freak out, it will drive the price of equities down short term - a buying opportunity. If you scooped up values during the "dark days" of 2008, you would be very pleased with the outcome today. I know I am.
you are assuming that they will get the spending under control? that isn't going to happen, even though it must. as denninger keeps saying in his columns:
Governments must stop spending more than their citizens are willing to pay in taxes, and accept the temporary, albeit painful contraction back to sustainable levels of economic output that must occur.
PERIOD.
to win elections, politicians make promises that they cannot and will not deliver. as i see it, only one politician is trying to deal with the reality of the situation-and that is ron paul.
obama's decision not to allow the pipeline is just another nail in the coffin of this country, destroying yet more jobs that pay enough to live on. the stupidity of destroying future jobs, while still promising tax cuts, is not lost on those of us who are paying attention.
some might even think this disaster coming is being done intentionally so as to not to have to keep false promises made.
you are assuming that they will get the spending under control? that isn't going to happen, even though it must. as denninger keeps saying in his columns:
Governments must stop spending more than their citizens are willing to pay in taxes, and accept the temporary, albeit painful contraction back to sustainable levels of economic output that must occur.
PERIOD.
to win elections, politicians make promises that they cannot and will not deliver. as i see it, only one politician is trying to deal with the reality of the situation-and that is ron paul.
obama's decision not to allow the pipeline is just another nail in the coffin of this country, destroying yet more jobs that pay enough to live on. the stupidity of destroying future jobs, while still promising tax cuts, is not lost on those of us who are paying attention.
some might even think this disaster coming is being done intentionally so as to not to have to keep false promises made.
keystone xl pipeline was vehmently opposed by Nebraskans as said pipeline could lead to ogallala aquifer. Who do you trust? Big oil or people who farm the land.
The Granville Market Letter "is at the bottom of the Hulbert Financial Digest's rankings for performance over the past 25 years - having produced average losses of more than 20 percent per year on an annualized basis." [3]
There's at least one great big factor in the slow-marching economic collapse that you won't likely hear about from the canonical channels of official "news" transmission because it cuts too deep for them. It takes no special genius to see it, but most people will not accept it because they are stuck on the mass media's plantation, and they would sooner believe Dan Rather than their own reason and their own lying eyes. For a mass public awakening we might just have to wait for the dispassionate reports of future historians and anthropologists who won't have any skin in the current game, and who would be perfectly willing to call things what they are.
It's the tens of millions of young-ish people who, if we lived in ordinary times like our fathers and grandfathers did, would be with us in an ordinary way, and whose absence is pushing us over the brink in a most extraordinary, unprecedented fashion. They are, how to say it delicately, "missing" from society, instead represented to us by a demographic pyramid that isn't a pyramid at all, and which might just topple over in our lifetimes. It is 40 years of mass abortion. Best to write off the lofty promises of comfortable, affluent, trivial, secularist society as mere temptations, and to get busy being realists about (1) where the good things in life must have come from, and (2) what caused arrested development to set in somewhere along the way.
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Granville predicts 4k point drop for 2012
