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Ian Gills
09-03-2010, 04:29 PM
I've been giving this a lot of thought recently and I think we need another stimulus if we're gonna get the economy going again.

I'm worried about the large number of jobless and, mostly, the increasing number of Americans who are underwater with their homes.

So, it's time for the Feds to start spending again. But if you find that unpalatable, you're definitely not going to like how I propose they spend your tax dollars this time (not that the last stimulus cost you anything, or the wars in Iraq and Afghanistan for that matter, because all of that was borrowed).

I think it's time Banks started to renegotiate with us the principals left on our mortgages using Government money to write off our mortgage debt.

Here's why. If people have too much negative equity in their properties, then they are going to foreclose regardless of whether they have a job or not. Not much more than a 100k under and you're gonna be tempted to leave the key at the Bank. More foreclosures will depress property prices even further and the cycle continues, with the subsequent effects on the construction industry and everything else.

So American taxpayers. Pay off some of my debt or I'll cost you.

ballvalve
07-12-2011, 11:28 AM
This addresses several of your US beefs: Here is the Gov. spending its fake money to help homeless vets. They need not go to MINA, NEVADA any more.

http://www.aarp.org/home-garden/housing/info-07-2011/homeless-vets.html

Ian Gills
07-12-2011, 12:29 PM
That's great. See, it's not rocket science to help the poor is it?

And taxes spent now will lead to more revenues later.

LOTW
07-13-2011, 08:17 AM
I have long felt that in bankruptcy a consumer should be able to reaffirm and repay his or her mortgage at a level equal to the value of the home. That is essentially what is done for corporations in a Chapter 11 bankruptcy and I see no reason why the practice could not be extended to the consumer. If the bank forecloses, they are going to recover only the value of the property anyway. Re a stimulas package, I suggest accomplishing the same end (an increase in consumer spending) by reducing taxes and reducing the need for taxes by decreasing government employment and programs.

Ian Gills
07-13-2011, 09:14 AM
The problem of reducing taxes in the hope of getting people to spend more only really works if you lower the taxes on the poor.

The rich save their cash and do not spend it.

So we need to lower taxes on the poor and raise them on the rich.

And reducing government employment would just cut demand even further. We need more Washingtom jobs telling the rest of America what to do.

Most of the Federal employees I know could teach people from the rest of America a thing or two about how to live their lives and raise their children, so I say give them a go!

Everything should be controlled from Washington. It's nice here!

hj
07-15-2011, 05:53 PM
quote; The rich save their cash and do not spend it.

Not really, but they already have enough money to buy what they want, so the tax breaks DO go into the bank, but not because they are "saving it", but because the "don't need it". The bankers stole 235 billions from the economy. THen Congress gave them a 235 billion dollar bailout, which they are in the process of stealing again, so they don't want to spend "their" money bailing out the homeowners.

master plumber mark
07-15-2011, 08:10 PM
Ian , I thought you might like this video
do you remember the first stimilus package that
George Bush gave everyone???



http://www.youtube.com/watch?v=FwJduPtCvSM


http://www.youtube.com/watch?v=FwJduPtCvSM

Ian Gills
07-16-2011, 10:12 AM
Look, if the more Conservative members do not agree to an extension of the debt ceiling then there will need to be another stimulus.

Why are Americans so reluctant to borrow?

master plumber mark
07-17-2011, 10:47 AM
Look, if the more Conservative members do not agree to an extension of the debt ceiling then there will need to be another stimulus.

Why are Americans so reluctant to borrow?

people dont have a clue....
I honestly doubt you do either IAN...

Explain to me exactly from whom are we borrowing from and to whom are we now in debt to by paying interest to for printing up money out of thin air????

do you have any idea what you are talking about??

why dont you sit back and watch this three hour video on how
the world works and the history of how the planet has been
taken over by international bankers...

If it is too hard for you to comprehend, please just ask me
to explain it to you

the money masters
http://video.google.com/videoplay?docid=-515319560256183936



http://video.google.com/videoplay?docid=-515319560256183936#

and also you can watch .. the secret of OZ

http://www.secretofoz.com/

If you can sit still, and stay sober long enough to comprehend these videos , and want to have an intellegent conversation about this, please...lets do it....


if you want to just sit and piss and moan about how you are not getting benefits, and how we should all borrow money from who knows who, and just kiss the queens ass. and be
indentured servents to some nameless corporation who owns us...
and not question any of this.... then ok.....

Ian Gills
07-17-2011, 12:21 PM
I very much understand the economics of this Mark.

Borrowing is good. Without it, you probably wouldn't own your own house, car or business. So let's get this idea that all borrowing is bad out of our heads.

Who pays?

Well, that depends where the money came from.

You owe the Chinese a lot. Big deal. Just what's the problem? Are you really worried they're going to drop all that debt and kill the dollar? Of course not. They're not that stupid. They want to see what they are owed worth something. So that's not going anywhere and they will behave themselves.

Printing money is of course the other option. Then who pays are: a) the Chinese (since they own the debt) and b) Americans with savings (mostly the rich) since the value of those dollars drops.

A little bit of inflation doesn't do any harm. And it might even make the value of my home rise a little in dollar terms.

So, again, it seems as though those of you with a few dollars are worried about giving something to those who don't. Everything in America comes down to that.

I say it's time you pay up to help those less fortunate than yourselves! It will be good for your soul. Like the Bible says.

http://news.bbcimg.co.uk/media/images/54106000/jpg/_54106699_54106697.jpg

master plumber mark
07-17-2011, 01:23 PM
I very much understand the economics of this Mark.

Borrowing is good. Without it, you probably wouldn't own your own house, car or business. So let's get this idea that all borrowing is bad out of our heads.

Who pays?

Well, that depends where the money came from.

You owe the Chinese a lot. Big deal. Just what's the problem? Are you really worried they're going to drop all that debt and kill the dollar? Of course not. They're not that stupid. They want to see what they are owed worth something. So that's not going anywhere and they will behave themselves.

Printing money is of course the other option. Then who pays are: a) the Chinese (since they own the debt) and b) Americans with savings (mostly the rich) since the value of those dollars drops.

A little bit of inflation doesn't do any harm. And it might even make the value of my home rise a little in dollar terms.

So, again, it seems as though those of you with a few dollars are worried about giving something to those who don't. Everything in America comes down to that.

I say it's time you pay up to help those less fortunate than yourselves! It will be good for your soul. Like the Bible says.






you really dont get it.. do you??

These "dark masters" have run this planet since
we came out of the dark ages.....

they are elite famlies that pretty much look at humanity like cattle and have fooled and horn-swaggled the world into paying them "tribute" or "interest" on something they have killed and bribed to have a monopoly on....

so somehow due to laws passed centuries ago
these families have the power to control every countries money supply....and your Queen and King go along with it or get thrown under the tracks ......

They feel it is their devine right to print paper money out of thin air and sell it at interest to the world...

they have starved off and sold off africa, and south america with this game of conquest, and now the USA is drowning in the debt we owe them is next...

No country on earth can even pay the interest on the money to these parasites, it is total insanity
and you state that we should borrow more paper from them so we can take care of the poor on the planet that they themselves have already sucked all the blood out of???

It would be good for my soul to pay up and help all the less foutunate that they have already destroyed around the planet
by borrowing more fake money from the same parasites ?

I say it's time you pay up to help those less fortunate than yourselves! It will be good for your soul. Like the Bible says.


Dont throw the bible at me, as far as forgiveness goes
Would it not be better for all of humanity if these
"dark masters" would simply forgive all the debt that they have tricked everyone into oweing them and simply start over????

debt forgiveness..... everyone starts over at ZERO


do you even have a clue to what fractional reserve banking is IAN???

take the time to watch that first video please, then get back to me

[/QUOTE]

Ian Gills
07-17-2011, 02:35 PM
Dark masters? Whatever next?

So the Banks use their deposits to create ten times the credit? That's been the basis of banking since it started. Once again, without loans you would not own a home, car and (possibly) a business.

All of this is propaganda.

It's just an excuse to point the finger elsewhere. The unfortunate truth is the current crisis has been caused by America's failure to regulate its banking system properly.

That's right regulate. No dark masters. No ghosts.

Just a Federal Government that was too small to do the job.

Regulate. Regulate. Regulate. This is what is needed.

Reagan got it wrong. And the Founding Fathers also got it wrong.

We need something new.

master plumber mark
07-17-2011, 06:44 PM
Dark masters? Whatever next?

So the Banks use their deposits to create ten times the credit? That's been the basis of banking since it started. Once again, without loans you would not own a home, car and (possibly) a business.

All of this is propaganda.

It's just an excuse to point the finger elsewhere. The unfortunate truth is the current crisis has been caused by America's failure to regulate its banking system properly.

That's right regulate. No dark masters. No ghosts.

Just a Federal Government that was too small to do the job.

Regulate. Regulate. Regulate. This is what is needed.

Reagan got it wrong. And the Founding Fathers also got it wrong.

We need something new.

I guess it all boils down to whos propaganda you are willing to buy into,
wether it be the banksters, or the people who are trying to expose the hoax...

so which side of the fence you are on..??. if you work for one of the elite few that
collects the interest from the rest of us and ...."regulates it" then of course your mind is
already closed




and I doubt that you will actually ever sit down and watch
either of the videos I suggested you should watch so we can
actually have a decent discussion on this topic..

your mind is made up without even a history
lesson on how it has all come about........

because its all propaganda.


so just sit in your little "Ians corner" and pontificate..

please watch this hour long video and tell me what you think
if you are too dim-witted to understand what the felow is talking about
I will understand...

http://www.zshare.net/video/7801111534485915/



http://www.youtube.com/watch?v=LDswHOfib9A&feature=player_detailpage

Ian Gills
07-18-2011, 09:42 AM
I do not have an hour or three to watch this sort of junk. I know the issues, so let's debate them!

Why are you so worried about the debt Mark? Do you really want America to default on its debts in 15 days time?

Imagine the field day I will have prodding you guys about Americans not paying their way. Surely it's worth extending the ceiling just to avoid that?

The Queen always pays her debts. Not so sure about America though.

Servicemen unpaid. The elderly not receiving their social security checks. It will be a shambles. The English would have run things better!

master plumber mark
07-18-2011, 02:56 PM
you can sit here on the internet and pontificate for days on end
talking out both ends of your ass...........
but you do not have the time to watch a one hour movie
and have the basic understanding of what you want to debate.......???


I think you are craizer than cookie....
at least she made some sense once in a while, when she was not feeling sorry for herself....



Let me put it to you another way.... let us debate that movie, that link I left you to watch
that you are too stubborn to waste your precious time on....http://www.zshare.net/video/7801111534485915/ (http://www.zshare.net/video/7801111534485915/)



if you ever find the time, watch that movie and get back to me
if you are to pig-headed and prideful to perhaps learn something new...

then I think I might as well be having a debate with a cow......

and I cant waste any more time with you .........,..

SteveW
07-18-2011, 05:01 PM
Mark -
Have you ever read "The Creature from Jekyll Island?" It details some of these same issues - how the international banking cartels have been behind wars and politics, etc. etc.

Very sobering to read the economic rationale for allowing the Lusitania to be put in harm's way, just a sitting duck for a German torpedo, and all for $$$.

I was a fan of Winston Churchill until learning of this.

master plumber mark
07-18-2011, 06:37 PM
Mark -
Have you ever read "The Creature from Jekyll Island?" It details some of these same issues - how the international banking cartels have been behind wars and politics, etc. etc.

Very sobering to read the economic rationale for allowing the Lusitania to be put in harm's way, just a sitting duck for a German torpedo, and all for $$$.

I was a fan of Winston Churchill until learning of this.


Unlike the pontificateing dumbass that started this thread,

I will take the time and make an effort to check out that book...

I think that was ww1 we are talking about here..
correct.... we have had to be suckered into 2 wars
to bail ou tthe british...

thank you...

SteveW
07-18-2011, 07:15 PM
Mark -
Thank you for the kind words! I always appreciate your wisdom and common sense, whether about plumbing or politics.

Yes, WWI (though some probably argue it helped set the stage for our involvement in WWII too.) Basically says that the "big money" families of the world (bankers, usually) pull the strings for most of the events of the world. Really sounds cold and calculating especially when they start talking about wars starting purely for the economic advantage of these behind-the-scenes families.

The Lusitania was a British ocean liner, and in addition to its civilian passengers, was carrying a lot of munitions that the banking families were selling to Europe for WWI. According to the book, Churchill, who was Lord of the Admiralty at the time, knowingly let it sail into waters around Ireland where over 20 ships had been torpedoed by German U-boats in previous 5 days - knowing that it would likely be hit, and thus get the US involved in the war. Can you imagine letting a passenger ship, full of civilians, deliberately be sunk?

My wife found the book truly scary and chilling when she read it -

master plumber mark
07-19-2011, 04:14 AM
its really nothing new ,,,

It makes you wonder what new plans and schemes are being cooked up right now...... like when they finally destroy the currency and then demand payment for our homes and goods only in gold.. which will be in very short supply.... guess who will steal most of the property in the country

Ian Gills
07-19-2011, 12:40 PM
You guys win your freedom and start worring about something else.

It's all propaganda to divert your attention from the real issues. I'll watch the movie when I find an hour out of my precious time to do so.

In the meantime I'll just keep feeding the masters.

Like I said before, all we need to do is regulate and tax.

Big money bankers ruling the world?

One thing we can all agree on is that the Founding Fathers must have got things very wrong to let that one slip.

I, for one, would not be surprised.

So how would you fix it Mark? Obviously the Constitution would need to go because it would have failed. Democracy next (at least America's version) because big-money leads to influence. Which leaves you with not a lot. Not even a King.

And Americans get into wars to save themselves, never others.

World War II: you entered very late and only after the Japanese bombed you.

Iraq: oil

Afghanistan: fight the terrorists there or they will come here.

All of America's involvement is about itself, not about freedom and not about other people. So where's the bail out of the British we were so eagerly awaiting? I say to you Pearl Harbor.

ballvalve
07-19-2011, 12:59 PM
The problem with America is we take over countries and then give them back without payment. All the oil in Iraq needs to go right onto US tankers for 25 years at a 20% discount for repayment.

Our geologists gave Afghanisasssholystan a map [new, paid for by us] of the mineral wealth of the country worth about 500 billion dollars, and now the mining rights are sold to the Chinese - to build missiles to eradicate us in the near future. Every ounce of Lithium and copper should be reserved for US mining companies in perpetuity.

We need to wake up a few dead English who knew how to fleece a country of its resources before cutting out in the name of 'freedom'

All of our fantastic weapons are of no purpose if we cannot derive benefit from their use.

We get shot at while building roads for Afghanistan. I wouldnt give them a 20 year old porta potty.

Ian Gills
07-19-2011, 01:03 PM
You can't do that Ballvalve because as you taught us, the people will whoop the occupier's behind.

A few poor, brave American servicemen get killed every week in Afghanistan and look at the outpouring of public grief here. And that's in countries where the foreign force is welcomed, or at least tolerated, by the local population.

Occupy and fleece and America's dead would be coming back in greater numbers and for years.

Americans would not have the stomach for that. They are simply not brave enough to invest those kinds of numbers of young lives.

In Africa, you've pulled out entirely over the loss of a handful of young men. I hardly see you tolerating thousands of dead in an occupation for oil.

I just watched some of the Oz film. One of its recommendations is that banks only be allowed to lend what they collect in deposits. The whole thing is madness. If that were the case, banks would not exist and you and I would not own a home.

Mark wants a world of no debt. Sounds a lot like the Bible to me. But also a world in which everyone is left poor and backward.

Lending is good. It just needs to be properly regulated which requires a large Federal Government and one that does its job properly.

master plumber mark
07-19-2011, 02:27 PM
Why dont you just watch the video and stop evadeing

untill you get an idea, or comcept of what the big picture really looks like there is no reason to continue this discussion

when you have done this, then please take a stand on what
you think about this fellows opinoin ......

Ian Gills
07-19-2011, 04:21 PM
Well, that was the waste of an hour. Let me save others some time.

The documentary draws parallels with the classic children novel The Wizard of Oz written depicting the story hidden in symbolism about monetary reform and the economic scenario during the late 19th century. The yellow brick road (gold standard), the Scarecrow (farmers), the Tin Man (industrial workers), the Wicked Witch of the West (Cleveland banker J.D. Rockefeller) and the Wicked Witch of the East (NY banker J.P.Morgan), the Emerald City of Oz (greenback money), the illusory power of the Wizard in the capitol city (who monopolized power through deceit), even Dorothy’s silver slippers (changed to ruby slippers for the color movie version -symbols of the belief that adding silver coin to gold coin would provide much needed money to a depression-strapped, 1890s America). Oz is a virtual forest of monetary reform symbolism.

It asserts that wealth is slowly being drawn into the hands of a small banking elite at the expense of the general population.

I say what's the big deal? Wake up call. That's called the American dream. You rejected the alternative - socialism - elements of which I still argue for on this very corner.

The Money Masters argues that bankers have intentionally caused a number of significant events, including John F. Kennedy's assassination, Abraham Lincoln's assassination, the War of 1812, the Battle of Waterloo, the American Civil War, the Russian Revolution, the Great Depression, and the crucifixion of Jesus (who drove out the "money changers" in all four Gospels). So all Americans have been brainwashed by bankers.

Raise the Red Flag!

I must admit, it's refreshing to see some commies among you.

Although even I'm not that far "left of center".

ballvalve
07-20-2011, 11:34 AM
Anyone wants to play in this silly game should well educate themselves about the silver and gold standard that kept countries in check up to about 1971.

Now its just a big ponzi scheme.

http://en.wikipedia.org/wiki/Nixon_Shock

ballvalve
07-20-2011, 11:34 AM
Anyone wants to play in this silly game should well educate themselves about the silver and gold standard that kept countries in check up to about 1971.

Now its just a big ponzi scheme.

http://en.wikipedia.org/wiki/Nixon_Shock

master plumber mark
07-22-2011, 04:58 AM
Well, that was the waste of an hour. Let me save others some time.

The documentary draws parallels with the classic children novel The Wizard of Oz written depicting the story hidden in symbolism about monetary reform and the economic scenario during the late 19th century. The yellow brick road (gold standard), the Scarecrow (farmers), the Tin Man (industrial workers), the Wicked Witch of the West (Cleveland banker J.D. Rockefeller) and the Wicked Witch of the East (NY banker J.P.Morgan), the Emerald City of Oz (greenback money), the illusory power of the Wizard in the capitol city (who monopolized power through deceit), even Dorothy’s silver slippers (changed to ruby slippers for the color movie version -symbols of the belief that adding silver coin to gold coin would provide much needed money to a depression-strapped, 1890s America). Oz is a virtual forest of monetary reform symbolism.

It asserts that wealth is slowly being drawn into the hands of a small banking elite at the expense of the general population.

I say what's the big deal? Wake up call. That's called the American dream. You rejected the alternative - socialism - elements of which I still argue for on this very corner.

The Money Masters argues that bankers have intentionally caused a number of significant events, including John F. Kennedy's assassination, Abraham Lincoln's assassination, the War of 1812, the Battle of Waterloo, the American Civil War, the Russian Revolution, the Great Depression, and the crucifixion of Jesus (who drove out the "money changers" in all four Gospels). So all Americans have been brainwashed by bankers.

Raise the Red Flag!

I must admit, it's refreshing to see some commies among you.

Although even I'm not that far "left of center".




If you actually watched this video sober, then good for you..

here area few quiz questions for you to see if you understood what you watched,, from your post above I think it all went over your little pumpkin head......

did you understood the idea of the system of banking presently in
south dakota,,, fractional reserve lending by the state ?????

did you understand the idea of printing money interest free to only be done by the state chartered bank instead of printed by the.... private for profit banking interset (incurring debt) ......
then useing fractionial reserve banking for the state to re-plenishtheir coffers???



do you see why the gold standard is a way to make slaves out of the common man and make the elite ul-tra rich ....???

and what is a .....plutrocasy....like they had in Rome???



do you even have a clue what the video was talking about???

Ian Gills
07-22-2011, 08:24 AM
Mark, I do not see what your problem is with commercial Banks "creating" money.

They have always done this. The fact of the matter is that when you deposit momey in a Bank they know that you won't demand the lot in cash. It's the same with loans. So, from a small amount of cash reserves they can lend a lot more...what you call fractional reserves. It has always been this way. If it were not, Banks would not make any money and you and I would not be able to secure loans for our homes and cars because the system would soon run out of cash. Limiting loans to the amount of cash in circulation is nonsense. Think about it.

What the system needs is regulation. We need to ensure that Banks maintain adequate liquidity on the loans they issue so there is not a banking crisis. In other words, for every x dollars they have in deposits they should only be able to issue x times y in loans.

In your crazy world, y would equal one! And I would not have a home!

This sort of thing is just propoganda for those people (mostly Americans) who need excuses and conspiracy theories for things that clearly need Government intervention and regulation. It's time to accept that big Government is good. And that your daddy was wrong.

LOTW
07-22-2011, 09:41 AM
Lending is good. It just needs to be properly regulated which requires a large Federal Government and one that does its job properly.[/QUOTE]

Actually, what Lending needs is for the lenders to know that they will not be bailed out if they make a bad loan. The biggest and longest term negative consequence of the 2007-09 financial decline will be the reinforcement in bankers' minds that the government will help them if their loans are not repaid. Lending should not be a social welfare program and if you cannot afford a loan you should not get it. And the lender should eat the loss if its not repaid. The Community Reinvestment Act, Fannie Mae's no money down lending programs, and other social programs are changing banks into welfare providers and they are making loans based upon social criteria and not business sense.


What needs more oversight and regulation is the non-bank finnacial sector. That Bernie Madoff could perpetrate his Ponzi Scheme without trading any stocks and without getting caught for more than ten years is astounding. And it is the secondary mortgage market which was created by the non-lending industry which gave a bank the ability to make a bad mortgage but yet sell this mortgage on the secondary mortgage for a lucrative profit and without risk to itself.

master plumber mark
07-22-2011, 03:24 PM
Mark, I do not see what your problem is with commercial Banks "creating" money.

They have always done this. The fact of the matter is that when you deposit momey in a Bank they know that you won't demand the lot in cash. It's the same with loans. So, from a small amount of cash reserves they can lend a lot more...what you call fractional reserves. It has always been this way. If it were not, Banks would not make any money and you and I would not be able to secure loans for our homes and cars because the system would soon run out of cash. Limiting loans to the amount of cash in circulation is nonsense. Think about it.

What the system needs is regulation. We need to ensure that Banks maintain adequate liquidity on the loans they issue so there is not a banking crisis. In other words, for every x dollars they have in deposits they should only be able to issue x times y in loans.

In your crazy world, y would equal one! And I would not have a home!

This sort of thing is just propoganda for those people (mostly Americans) who need excuses and conspiracy theories for things that clearly need Government intervention and regulation. It's time to accept that big Government is good. And that your daddy was wrong.


Please watch the last 15 minutes of the video again...
and try to grasp this concept.....

remember, the federal reserve is a for profit privately held
bank, it is not part of any government ..it is an entity unto itself..
the printing of money and the interest rates are controlled by
this private entity for their own profit, the printing of money
out of thin air is not done by our government

the government has been tricked and duped into buying money
at interest that this private entity prints out of thin air and sells it to us

..... actually to whom do we owe this interest to.....ourselves??


our govenrmnet goes into debt to international bankers for something
that they could print up themselves at no interest or debt to anyone


as the bank in south dakota does, state chartered banks could be
created and they could be doing the fractional reserve banking
and the huge profits that are created would be used for the good
of the state and social services for the state......
NOT for the selfish profit of greedy private bankers...

and their would be no debt and interest created and owed to these parasites


just becasue something has been done a certain way for a long time,and we
have all been duped into thinking the world will end if it were to change,
that does not make it the best way to do something for the betterment of mankind,,,,
,,''

IAN can you grasp this concept??




also , when you babble about more regualtion.. who regulates whom.
and who do you think would be appointed to regulate theves??
as the movie as already stated, most congresmen are beholding to
the bankers and will bow to their interests...and do their bidding.....

so this is basically a case of the fox guarding the hen house......

like henry ford stateed in the video...
"if people actually understood our system of banking they would rise up in revolt tomorrow"

ballvalve
07-23-2011, 12:14 PM
God will bless us with a huge plague, meteorite, or nuclear war before things get out of control. Then the lizards can rule again, and be happy with life without banks.

BobL43
07-23-2011, 02:32 PM
That's what I like; a guy with a positive outlook :-)

ballvalve
07-24-2011, 01:15 AM
History repeats itself, nothing to do with specific attitude......

master plumber mark
07-25-2011, 04:39 PM
IAN>>>> and others

read this fellows posts on u-tube

he is very wise..
and you ought to subscribe to his channel if you want
a good education on how money flows.................................



http://www.youtube.com/watch?v=_ruYfR-Ht1o (http://www.youtube.com/watch?v=_ruYfR-Ht1o)

http://www.youtube.com/watch?v=_ruYfR-Ht1o

ballvalve
07-26-2011, 11:41 AM
OK, we all were told that the dollar was crap so we bought land and houses to protect our stash. Now we are all screwed.

Now we buy silver at $55 ounce and it drops to $35 in a day. Next we'll drive gold to $2500 an ounce and in a week it will crash to 900$

GOOD land, with running water, windmill, a bit of solar; guns, food and ammo and tools [and health] remain the only true form of wealth.

ballvalve
07-26-2011, 11:42 AM
OK, we all were told that the dollar was crap so we bought land and houses to protect our stash. Now we are all screwed.

Now we buy silver at $55 ounce and it drops to $35 in a day. Next we'll drive gold to $2500 an ounce and in a week it will crash to 900$

GOOD land, with running water, windmill, a bit of solar; guns, food and ammo and tools [and health] remain the only true form of wealth.

Ian Gills
07-26-2011, 01:31 PM
A weaker dollar and some hefty price increases would soon turn that mortgage rightside up.

So a little bit of inflation might work as well..

Mark's friend is obviously as crazy as ever. In his world, only the Government could issue debt and would do this by printing dollars. So we would have civil servants assessing the risk I pose when I apply for a loan and the Government would take the hit if I default too.

But worse, guess what happens around election time? The printing machine would go crazy and inflation would rise.

Monetary policy needs to stay independent of politics and outside of Government hands, which is why it resides with the Federal Reserve (not private Banks as these doomongers are trying to argue).

Best leave things as they are then. But we need more regulation of Banks and for that we need a bigger Government.

I want to see more Federal employees in DC telling other Americans how to live their lives and raise their families.

They can start by taxing soft drinks.

BobL43
07-28-2011, 02:26 PM
That's great. See, it's not rocket science to help the poor is it?

And taxes spent now will lead to more revenues later.

yeah, right.

http://www.youtube.com/watch?v=J7XA2UUpXRk