tag:blogger.com,1999:blog-2992740250270600844.post6445099429195759627..comments2024-03-24T05:26:32.964-07:00Comments on Advancing Time: It Will All End BadlyBruce Wildshttp://www.blogger.com/profile/10181323607060607040noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2992740250270600844.post-72734694897110972732014-02-10T17:25:17.130-08:002014-02-10T17:25:17.130-08:00I doubt a true solution is even a possibility at t...I doubt a true solution is even a possibility at this point. What combo of austerity, taxation, increased productivity and growth that would work can be reasonably achieved? At this I see no action that significantly changes our course. we are going to find out what past policies have created. We will see the end of our current dollar. Our fate is no longer in our hands but rather we are forced to drift at the whims of our creditors.<br />Things are so obviously bad that if there were a salvation someone would have mentioned it. Since there is no way out we are watching our leaders just pretend the everything is fine. They will act just as surprised when the future arrives with a bang.<br />The message is prepare. It is always the elderly who get screwed when debt goes bad. Do not be caught with only paper assets and no debt, the condition of retirees universally throughout history. Have some real assets and some debt that will be forgiven (or be voided) by a collapse. It is difficult to do when you are retired, to buy an asset and have to make payments buy one could resist early repayment of the mortgage. Buying gold is good too.<br />read 'When Money Dies' the story of the Weimar collapse. It is not a guidebook but it does show the fate of those unprepared for hyperinflation.Michael dVhttps://www.blogger.com/profile/12483224373093707424noreply@blogger.comtag:blogger.com,1999:blog-2992740250270600844.post-3033278856589735602013-09-22T05:25:50.511-07:002013-09-22T05:25:50.511-07:00I think the evidence fairly defines the future of ...I think the evidence fairly defines the future of America as very bleak. There's no certainty in anything, except death and taxes. And now both of these seem to be encroaching on lifestyle to a greater degree with each passing day. You all know about "trickle down", but Newton has something to say here. For every "trickle", there's an equal and opposite "trickle". I call it the "trickle up" of economic malaise. How is a rich person rich unless the poor person is at his side? He's not! As the rich would have to do their own laundry and dishes if the poor man is not there. So what good is money for the rich man if the poor man doesn't want it? It's a war out there. Every good conqueror of the past knew when to stop, to leave something for the vanquished. A man who has nothing to lose is a dangerous man. That's where people are, in the land of nothing to lose. Dangerous times these are. Where will the rich man run? Where will he hide? Will he still be rich there? the lasthttps://www.blogger.com/profile/14069259213081105268noreply@blogger.comtag:blogger.com,1999:blog-2992740250270600844.post-70927040557149033772013-08-09T10:36:08.060-07:002013-08-09T10:36:08.060-07:00Too bad we didn't elect Schiff for Senate (Del...Too bad we didn't elect Schiff for Senate (Delaware or Connecticut). At least the "sequester" went through.Charleshttps://www.blogger.com/profile/13394939651157866697noreply@blogger.comtag:blogger.com,1999:blog-2992740250270600844.post-41462793633518916032013-07-26T14:27:30.917-07:002013-07-26T14:27:30.917-07:00I agree that the Ryan plan fell far short of the r...I agree that the Ryan plan fell far short of the reforms needed and I also endorse serious cuts, but even the Ryan plan was way to much according to many. Remember Washington will not even cut Saturday mail delivery to help the Postal Service stop the flow of red ink. <br /><br />You are correct in your statement concerning the lack of political will in Washington when it comes to addressing the budget issue. You may find the post below about austerity interesting, thanks for your comment.<br /><br />http://brucewilds.blogspot.com/2013/04/austerity-is-being-given-bum-rap.htmlBruce Wildshttps://www.blogger.com/profile/10181323607060607040noreply@blogger.comtag:blogger.com,1999:blog-2992740250270600844.post-2207449854286632272013-07-26T07:34:12.778-07:002013-07-26T07:34:12.778-07:00The Ryan budget was a joke. It didn't even cu...The Ryan budget was a joke. It didn't even cut spending. It was just a smaller increase than the President's team wanted. <br /><br />There seems to be no political will to come up with a plan to reign in the out-of-control budget.Anonymousnoreply@blogger.com