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Author Topic: Fiscal clif could be good!  (Read 1406 times)

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Offline gcrank1

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Re: Fiscal clif could be good!
« Reply #30 on: December 03, 2012, 09:59:25 AM »
Why BE, you didnt need a weatherman to tell you which way the wind blew, didja?!
We have a good sized Amish community near us and Ive admired how they have kept themselves self sufficient and have way more a sense of community than any of these big government utopian plans has done. My B&SILaw have scaled back and gone to raising rabbits, ducks, more garden and Bill hunts when it is season.
Stock up on Neosporin, Aspirin and TP too, it'll be great trading stock ifn ya dont use it all, and you'll never be sorry ya have it  ;) .
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Offline DDZ

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Re: Fiscal clif could be good!
« Reply #31 on: December 03, 2012, 10:25:27 AM »
Quote from: Dixie Dude on December 03, 2012, 05:20:49 AM
So when we reach $20 trillion, we have hyper inflation to pay back the debt with worthless dollars.  They have kept the interest rates artificially low for several years so the government can pay debt at a lower interest rate, and to try to keep down inflation.  We have inflation anyway and the government is lying about how much because they do not include fuel costs or food costs because they are to "volitile".  Well, most everyone has to drive to work, and everyone has to eat.  Inflation is really running about 10-12% the last 4 years based on 1980 methods.  It will run about 25% when we reach $20 trillion in debt.  That alone will be the tipping point to make us like Greece or Argentina a few years ago.  Only drastically cutting the federal spending, and raising some taxes will fix that.  Dems don't want to cut, GOP don't want to raise taxes.

Dixie I agree, but I think we will become like Zimbabwe was, where we will need a wheel barrow full of money to buy a loaf of bread. Greece couldn't print their own money. We have the Federal Reserve to just push the easy money button.
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Offline gcrank1

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Re: Fiscal clif could be good!
« Reply #32 on: December 03, 2012, 10:28:43 AM »
DDZ, thats partly why 'they' are floating the idea of dropping making anymore one dollar bills and replacing it with a toy coin that ain't worth a dime. Just Goggle it, lots out there.
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Offline magooch

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Re: Fiscal clif could be good!
« Reply #33 on: December 03, 2012, 10:59:46 AM »
For what is coming, the best investment is guns and ammo, or if one is inclined, a nice sized sailboat and learn how to sail.  I know how to sail and I've got lots of guns and ammo.  I just need to know exactly when the thing is going down the crapper, so I can load up and sail on out there. 
 
At some point it might be prudent to sell the house and some of the cars and other stuff, but one still has to live until then.  I've been wondering which currency would be best to convert all the savings to.  My wife has enough jewelry to tide us over for longer than we'll probably live, but who's going to want bangles when food becomes short.
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Offline jdp29

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Re: Fiscal clif could be good!
« Reply #34 on: December 03, 2012, 07:45:05 PM »
I say give the Lib's everything they want with the fiscal cliff issue.  Let them be FULLY responsible for the outcome and get this Country to wake up.  I am willing to take some of the hit as long as I know my child will grow up in a better situation in the long run.  We need to let Liberals fall on thier face.  This society needs PAIN.  Real PAIN.  Nothing will change until rock bottom is hit.  Sorry, but it is the truth.  The right doesn't stand a shot at winning another election unless the public feels pain from the policies of the left.  Even a sub-par performance from the left will win them elections to come.  It needs to be ALL on them. 
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Offline scootrd

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Re: Fiscal clif could be good!
« Reply #35 on: December 04, 2012, 02:52:00 AM »
Quote from: jdp29 on December 03, 2012, 07:45:05 PM
Let them be FULLY responsible for the outcome........ It needs to be ALL on them. 

Works for me... Thanks..

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If you're gonna stay, stay in your ground.
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Let this big dog walk you out.

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You're takin' up space.

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Semper Fi
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Offline 45-70.gov

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Re: Fiscal clif could be good!
« Reply #36 on: December 04, 2012, 03:10:48 AM »
I THINK ITS A GOOD THING TO GO OVER THE CLIFF


sorta  like taking away my X-wifes credit card
not  going to go over too  well..BUT has to be done


this will only afffect half the people  as the other half are just parasites and don't pay income tax


OBUMER seems to think  the burden can be put on  JUST THE RICEST 2%
just not enough  and not fair to pick  on this minority


better to spread the burden  over  all
top have will pay mor taxes
bottom  half will  not feed so much on the top half


some of the parasites  might even become a productive citizen and stop voting democrat
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Offline blind ear

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Re: Fiscal clif could be good!
« Reply #37 on: December 04, 2012, 04:24:37 AM »
Quote from: 45-70.gov on December 04, 2012, 03:10:48 AM
some of the parasites  might even become a productive citizen and stop voting democrat
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Or they will start stealing first hand and can be delt with first hand. ear
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Offline Gary G

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Re: Fiscal clif could be good!
« Reply #38 on: December 04, 2012, 07:46:44 AM »
Here is Ron Paul on the fiscal cliff:
http://www.lewrockwell.com/paul/paul835.html
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Offline gypsyman

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Re: Fiscal clif could be good!
« Reply #39 on: December 04, 2012, 09:51:28 AM »
jdp29, good post. Right now the politicians are trying the methadone treatment, and hoping the patient will not go threw to bad of withdraw pains. Will not happen. Way to many hooked on the free stuff,handouts. Going cold turkey is the only way it's going to straighten out. And, that will cause great turmoil. gypsyman
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Offline 308Win

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Re: Fiscal clif could be good!
« Reply #40 on: December 04, 2012, 10:34:08 AM »
I not,nor ever was an Economist,but is sure looks in this retired working mans eyes,we are in and have been in a camouflaged depression,and it's only getting deeper today?
 
Just Thinking!
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Offline SHOOTALL

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Re: Fiscal clif could be good!
« Reply #41 on: December 04, 2012, 10:49:04 AM »
they didn't camo it people don't want to see it .
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Offline blind ear

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Re: Fiscal clif could be good!
« Reply #42 on: December 04, 2012, 10:53:08 AM »
Quote from: 308Win on December 04, 2012, 10:34:08 AM
I not,nor ever was an Economist,but is sure looks in this retired working mans eyes,we are in and have been in a camouflaged depression,and it's only getting deeper today?
 
Just Thinking!
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Not there yet. We have another record spike in the markets accompanied by a record spike in inflation that will creat the final cliff, then we fall off the edge according to history. After the fall real values will will have to be re-established, that will be the depression. Along with the re-evaluation there is historically a war, a battle of shoilders and a battle of banks for the control of the base value of world dollars. That will be the mean times of the depression. All according to the cycles of history. It is outlined in all high school ecconomics books, or at least it was back in the last century when I was in high school. ear
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An economic crash like the one of the 1920s is the only thing that will get the US off of the road to Socialism that we are on and give our children a chance at a future with freedom and possibility of economic success.
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everyone hears but very few see. (I can't see either, I'm not on the corporate board making rules that sound exactly the opposite of what they mean, plus loopholes) ear
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Offline SHOOTALL

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Re: Fiscal clif could be good!
« Reply #43 on: December 04, 2012, 11:00:28 AM »
why don't they call it what it is hyper inflation then depression ?
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Offline mcwoodduck

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Re: Fiscal clif could be good!
« Reply #44 on: December 05, 2012, 02:36:18 PM »
So it dawned on me today while talking with one of my co-workers.
We all know that higher taxes result in fewer jobs and higher prices.
I often wondered who the jobs Obama was saying he created or saved during his campaign.
I now understand he thinks WELFARE is a JOB and that continuing welfare and or unemployment  for many and causing more to loose their jobs is a good thing.
 
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Offline gypsyman

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Re: Fiscal clif could be good!
« Reply #45 on: December 06, 2012, 01:49:28 AM »
Just watched a news report last night, on a guy that was an unemployed accoutant. He lives in Washington state. Got a job with the federal govt. and moved his family to just outside D.C. in Virginia. He is being paid $70,000 a year, and is barely making it.Seems the standard of living there is quite high. And, with the new tax rates going into effect, it might cost him an extra $1,500 a year. A person that has a paycheck from the very tax hike thats coming, can see what's happening. I say, let Obama have all. In short order, things will fall into place, and the ones who believe all you have to do is tax the rich, will find out it's alittle more complicated than that. Going over the fiscal cliff will wake up some people. gypsyman
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