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I am worried. I cant speak for anyone else. But if someone thinks we can just keep spending and spending and spending and there is no consequences needs to pay attention to whats happening in Greece.
I am worried too. The liberals in this country just say that we should raise taxes, but you can only raise taxes so much and squeeze us so much financially before we go into a depression. I know, I really can't afford any more taxes. I only make $265 a week and still had to pay state income taxes. It was a real struggle to pay those taxes, but I had to do it.
We need to cut spending and do it NOW. Our grandparents survived without entitlements, we can too.
Why would Merkal want to print money when Uncle Ben is so willing to do it for them?Plus you have to look who Ben's buddies are that are in front of the line:
Well, if we are swapping currency with them, we give them USD and they give us something in return. Gold maybe? They figured some way to do this without printing, and it would be nice to know all the details, but I doubt we ever will.
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Yep,Uncle Ben won't let his boys take a hit.Maybe he will open up a window and give them 100% on their investment and taking there worthless debt as collateral and counting it as a asset.
I wonder if they crashed Greece in order to pick up their assets for nothing. I don't know, but nothing surprises me anymore. Can you imagine what the ECB and the Fed can do if they plot together? They could take down any country they want without firing a shot. Maybe Greece was just a testing ground.
Well, if we are swapping currency with them, we give them USD and they give us something in return. Gold maybe? They figured some way to do this without printing, and it would be nice to know all the details, but I doubt we ever will.
I wonder if they crashed Greece in order to pick up their assets for nothing. I don't know, but nothing surprises me anymore. Can you imagine what the ECB and the Fed can do if they plot together? They could take down any country they want without firing a shot. Maybe Greece was just a testing ground.
I think the stock market last Thursday was a testing ground.
Look what occurred post that wild and wacky ride on Wall Street....
Fed Audit gets watered down big time.
All the central banks pony up money they don't have for a big bailout fund
I think that when unions get things to the place where they can retire at age 50 at 80% of their salary, there is need to worry. This situation is breaking Greece and just think what it would do in this country since unionization of city, county, state and federal workers. Lord have mercy on us.
I am worried too. The liberals in this country just say that we should raise taxes, but you can only raise taxes so much and squeeze us so much financially before we go into a depression. I know, I really can't afford any more taxes. I only make $265 a week and still had to pay state income taxes. It was a real struggle to pay those taxes, but I had to do it.
We need to cut spending and do it NOW. Our grandparents survived without entitlements, we can too.
Move to another state if you dont' like your state's income tax. Why you feel you should not have to pay taxes at all?
US just had the largest tax cut in the nations history, and now Obama wants to cut more and make Bush's tax cuts permanent, so I don't know what you are talking about raising taxes. Those tax cuts will add 2.2 trillion to the debt over 10 years, so I hope you are happy.
Last edited by Finn_Jarber; 05-10-2010 at 05:18 PM..
I think the stock market last Thursday was a testing ground.
Could be. Now there are 10 or so different places to buy the same stock, when there used to be just one in the past. The more there are, the more places there are to break and the more vulnerable the system is.
Those freaking hedge funds. A wall street hedge fund bought a big slice of the company I work for (75K+ employees), and they placed two guys on the board and now they nominated a CEO who is a known "hyena". He specializes in breaking companies in pieces and selling them to the highest bidder.
I think that when unions get things to the place where they can retire at age 50 at 80% of their salary, there is need to worry. This situation is breaking Greece and just think what it would do in this country since unionization of city, county, state and federal workers. Lord have mercy on us.
Greece has nothing to do with us. When they gave up their right to print money they lost their ability to determine their own future. That and the fact that they produce almost nothing (like us) left them unable to fund government pensions for all and health care for all. We can print money so our only problem is that we don't produce products
I really think that you believe that the 24/7 printing of paper money will keep us above board. Do you know a lot about the inflation that hit China in the 50s from doing just that? Hot damn when the inflation from printing all that worthless paper hits us many will die from not having a wheel barrow full of it to buy bread with.
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