Sounds like we are in for some very rough times in the next few years.We can not default on our debt to China they will want their money back one way or another. And if the government raises taxes on investment returns it will kill th Job Market in the U.S. That leaves us with only a few options and probably a combination of them all. Renegotiate the interest rates with China,and Raise Personal Income Taxes or inact a National Sales Tax and still have to Cut Public Spending Dramatically. Even if China will accept a lower return on their debt Bonds and their is no Guaranty that they would.If the Government raises taxes any more I don´t realy know what the Midle Class would do probibly not to much of nothing eccept vote out any Politician that they can.But when the Government Cuts the Public Spending and they will have to do that.The people that have come to depend upon these Public Spending programs will be doing whatever they can to feed and shelter themselves.Crime will go up.And there will in all probability be outright rioting in the streets and it will be widespread. All I can think of to do is be as prepared the best that you can.I am glad I don´t live in a city. Out hear I can besides storing up I can plant a garden and raise a few head of livestock to feed my family. During the Great Depression according to my Grandparents, people in the county were much better off.They were short on thing like sugar,salt,gasoline and things they couldn't´t make or grow for themselves.
With each passing day, I find it even more unlikely we will have to resort to what no reasonable man wants to resort to; a shooting war with federal forces. It seems ever more likely that they will simply do the job of getting rid of themselves for us.
Anonymous: Nov 2nd will, at best, delay what Dennis308 is warning of. There is no "another way", no way through this without bloodshed. Either our national and state governments will cut public spending dramatically (I have no faith that they will have the courage to do so, as the Left would incite riots) or they won't, and the eventual defaults will bring down the banking system. No credit from our petroleum suppliers -> expensive and scarce food in the stores -> food riots -> mutual blame and inflamed hatred between Left and Right. Is it not obvious what comes next?
5 comments:
The fight is on Nov 2nd. Do not kid yourself into thinking there is another way. If the spendthrifts stay in power we all lose.
Sounds like we are in for some very rough times in the next few years.We can not default on our debt to China they will want their money back one way or another. And if the government raises taxes on investment returns it will kill th Job Market in the U.S. That leaves us with only a few options and probably a combination of them all. Renegotiate the interest rates with China,and Raise Personal Income Taxes or inact a National Sales Tax and still have to Cut Public Spending Dramatically.
Even if China will accept a lower return on their debt Bonds and their is no Guaranty that they would.If the Government raises taxes any more I don´t realy know what the Midle Class would do probibly not to much of nothing eccept vote out any Politician that they can.But when the Government Cuts the Public Spending and they will have to do that.The people that have come to depend upon these Public Spending programs will be doing whatever they can to feed and shelter themselves.Crime will go up.And there will in all probability be outright rioting in the streets and it will be widespread.
All I can think of to do is be as prepared the best that you can.I am glad I don´t live in a city. Out hear I can besides storing up I can plant a garden and raise a few head of livestock to feed my family.
During the Great Depression according to my Grandparents, people in the county were much better off.They were short on thing like sugar,salt,gasoline and things they couldn't´t make or grow for themselves.
Dennis
III
Texas
Getten closer everyday.
Are Ya ready yet.
Dennis
III
Texas
With each passing day, I find it even more unlikely we will have to resort to what no reasonable man wants to resort to; a shooting war with federal forces. It seems ever more likely that they will simply do the job of getting rid of themselves for us.
Thank you, sir.
Anonymous: Nov 2nd will, at best, delay what Dennis308 is warning of. There is no "another way", no way through this without bloodshed.
Either our national and state governments will cut public spending dramatically (I have no faith that they will have the courage to do so, as the Left would incite riots) or they won't, and the eventual defaults will bring down the banking system. No credit from our petroleum suppliers -> expensive and scarce food in the stores -> food riots -> mutual blame and inflamed hatred between Left and Right.
Is it not obvious what comes next?
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