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But on another note...sometimes you have to think 'dumb' in order to see things more clearly...
That's why you reacted the way you did...cause I softly hit you with a cold hard reality about government funding...it will never go away....they will always be able to generate billions of dollors for whatever they want to justify spending it on....period...
This is a bit embarrasing, but I'll break the news to you. Our US paper version of do-re-mi used to be backed by the gold we have in actual storage, mostly in gold bullion in Ft. Knox, KY. Some years back we went off the gold standard. That was the politicians not being satisfied with spending money, paper money, at a rate so fast that it was closing in on the total gold value assets the Treasurry Dept owned. In their inifnite wisdom and iresponsible impertinence congress passed the law taking us off that standard, whcih the President gladly signed. At that point Mr. Landobutter, what backed the value of our PAPER MONEY was..."the full faith and credit of th United States government". This is a badsic concept tha most left-wingers fail to grasp or they woildn't support someone who contiunes to and advocates for more spending of MONEY WE DON'T HAVE. There is nothing of value backing up our dollar. If international markets lose confidence in the stability of the value of that dollar and our US credit rating issued by Moody's drops out of the Triple A rating all Hell will break lose. Runaway inflation will ensue to make the Carter years look like amateur night and there'll likely be the survival mentality take place as anarchy and disorder sets in with violence in the streets and people fighting for basic foodstuff items needed to exist on. Most libs and lefties pooh-pooh this as extremist rhetoric, but most all sane and honest economic experts know it's the predictable future, IF we do fail to make a disciplined and serious reversal of spending policy NOW. We need to literally go on an austerity budget and start reducing the size of government and voting out as many of the existing congress as deserve it. That's a first step towards regaining a modicum of respect in world financial markets. That is critical. If we do NOT and SOON, the SHTF for sure!.
I recommend that you Google up the name of Art Laffer. He's a very astute, well-respected and intelligent economist with a doctorate and writes for the WSJ and other papers and some few online blogs. You'll get a free education and it's worth the time invested. The alternative is you can listen to the left on this site and believe what they tell you, but it doesn't hold water in the face of reality.
Good luck.
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I got to thinking it might interest you to know how bad off we really are. We still have gold in Ft. Know. We, by current figures, have 147.3 million ounces. That may sound like a lot, but it's NOT carried at market value, which is part of the catch22. If it were and we could start selling off slowly witout killing the market, which we cannot possibly do we'd be fine.That's the other part of that same catch22. It's really MUCH worse than that, but I'm resisting giving you the worst of it. So we carry gold at a devalued level of only $42.22 per ounce. Wonder what all those leftie econmists I'm going to see quoted woud say about that? Need I say any more?
Last edited by doctorhugo; 02-11-2010 at 08:27 PM..
Reason: additional info post
That's why you reacted the way you did...cause I softly hit you with a cold hard reality about government funding...it will never go away....they will always be able to generate billions of dollors for whatever they want to justify spending it on....period...
That's what they thought in Weimar Republic, Zimbabwe, Hungry, Iceland, Turkey, Latin America... need I go on?
Ever heard of the 70s stagflation in the US? How about the price controls? Or rather shortages.
This is a bit embarrasing, but I'll break the news to you. Our US paper version of do-re-mi used to be backed by the gold we have in actual storage, mostly in gold bullion in Ft. Knox, KY. Some years back we went off the gold standard. That was the politicians not being satisfied with spending money, paper money, at a rate so fast that it was closing in on the total gold value assets the Treasurry Dept owned. In their inifnite wisdom and iresponsible impertinence congress passed the law taking us off that standard, whcih the President gladly signed. At that point Mr. Landobutter, what backed the value of our PAPER MONEY was..."the full faith and credit of th United States government". This is a badsic concept tha most left-wingers fail to grasp or they woildn't support someone who contiunes to and advocates for more spending of MONEY WE DON'T HAVE. There is nothing of value backing up our dollar. If international markets lose confidence in the stability of the value of that dollar and our US credit rating issued by Moody's drops out of the Triple A rating all Hell will break lose. Runaway inflation will ensue to make the Carter years look like amateur night and there'll likely be the survival mentality take place as anarchy and disorder sets in with violence in the streets and people fighting for basic foodstuff items needed to exist on. Most libs and lefties pooh-pooh this as extremist rhetoric, but most all sane and honest economic experts know it's the predictable future, IF we do fail to make a disciplined and serious reversal of spending policy NOW. We need to literally go on an austerity budget and start reducing the size of government and voting out as many of the existing congress as deserve it. That's a first step towards regaining a modicum of respect in world financial markets. That is critical. If we do NOT and SOON, the SHTF for sure!.
I recommend that you Google up the name of Art Laffer. He's a very astute, well-respected and intelligent economist with a doctorate and writes for the WSJ and other papers and some few online blogs. You'll get a free education and it's worth the time invested. The alternative is you can listen to the left on this site and believe what they tell you, but it doesn't hold water in the face of reality.
Good luck.
excellent post, only flaw was when you brought that left vs right stuff into it...the people at the top, who control the world, at least the Capitolistic side of the world...could care less about the left right caddance...It's all about money and power....
the higher up you get, the more the two sides merge...
Like a gangster on the street, there is no left or right...just conquest, power and money.
....
I recommend that you Google up the name of Art Laffer. He's a very astute, well-respected and intelligent economist with a doctorate and writes for the WSJ and other papers and some few online blogs. You'll get a free education and it's worth the time invested. The alternative is you can listen to the left on this site and believe what they tell you, but it doesn't hold water in the face of reality.
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Landobutter
