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Is Obama using Reagans Russian Strategy against us?

Posted by richrobinson 9 years, 7 months ago to The Gulch: General
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I was discussing politics with a liberal friend of mine over the weekend. We talked about Reagan and he said he agreed with the defense build up in the 80's and that the Russians inability to keep up is what caused their collapse. The Russian economy simply could not spend as much as we could. The only issue he had with it was the deficits we were left with. It started me thinking that President Obama may be using that strategy against us. He takes over when the economy is struggling and uses it as an excuse to spend at an unprecedented pace. He has taken the deficit from 9 trillion to 18+ trillion in six years. Some economists are now concerned about the long term health of our economy. Is it possible Obama is turning the Russian Strategy against us???


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  • Posted by Herb7734 9 years, 7 months ago
    Just a small reminder. Putin was the head of the former KGB. There is still a KGB even though they have changed its name. Putin is responsible for almost as many deaths as Stalin, and certainly more than any predecessor. Obama, if he were a true patriot, would never enter into discussions with Putin, or the Iranian Mullahs or any evil beasts who are the very antithesis of America. It makes him an aider and abettor as far as I'm concerned.
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    • Posted by 9 years, 7 months ago
      It seemed to me that President Obama had a lot of respect for Putin. At least he did until Putin defied him and annexed Crimea.
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      • Posted by MinorLiberator 9 years, 7 months ago
        I'd say more "awe" or "envy" than respect for Putin ("I deserve that kind of power, dammit!).

        If the Crimea changed any of that, I haven't seen Obama do anything about it. Not even the sound of sabre being gently rattled...
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        • Posted by 9 years, 7 months ago
          A good distinction and I agree. I was referring to the drop in oil prices. I don't think Obama would have allowed oil prices to drop but after the Crimea incident he saw a way of hurting the Russian economy and the domestic fracking producers. A win win in his mind.
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    • Posted by MinorLiberator 9 years, 7 months ago
      Correct on Putin, butcher and mass killer...but the juxtaposition of "Obama" and "true patriot" in the same sentence: Ugh! (And no offense to you, you did say "if").

      I thought the "bow and scrape" tour that began his Presidency was about as low as any President could get, but he never ceases to define an even lower rung of Obama-Hell with every passing day...
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  • Posted by term2 9 years, 7 months ago
    WE should be spending on DEFENSE to keep the Russians from successfully attacking us (StarWars?). In the past, the best defense was to let them know that if they fired off missles we could defend but they could not because they didnt have star wars. Result: destruction of Russia and no destruction of the USA. I think that still works and we should finish star wars defense. We should also calmly stop enabling Russia. We need to strengthen our currency so others WANT to use it as a reserve currency, and cut the Russians out of SWIFT. (while we can). A weaker Russia is a better Russia. Their culture is pretty aggressive and BAD.
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    • Posted by MinorLiberator 9 years, 7 months ago
      All great ideas, but never happen under this administration. If anything (and so many have said so often here): the exact opposite.

      Speaking as an economist, and from what I've read about BRICS and AIIB, (not in enough details to fully analyze, so at this point, only IMO) the US is in imminent danger of losing its status as the world reserve currency.

      As someone who believes fully in the pure gold standard, its awkward to defend a "world reserve currency" based on paper.

      OTOH, before the US it was Great Britain as the "world's banker". And look what happened to their "empire".

      I guess what I am somewhat struggling to say is that, as artificial and corrupt as it may be, losing the "power" of the US dollar is just another symptom of how Obama has weakened us.
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      • Posted by term2 9 years, 7 months ago
        Absolutely. A reserve currency has to be a store of value, and depreciating paper money is definitely NOT worthy of being a reserve currency. For some reason (???) Obama seems content with letting the worthless US dollar rise relative to other worthless currencies, at least temporarily. Is this to permit him to print more money for his useless programs in a final attempt to make the dollar go down again? I sure dont understand what they are up to, and THEY arent telling us the hidden agendas. Any idea why he is letting the US dollar rise?
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        • Posted by MinorLiberator 9 years, 7 months ago
          With all due respect, in this instance, you give him too much "credit" (pun SO intended).

          The rise and eventual fall of the US dollar is still in control of world markets. To state otherwise would actually be to admit that Obama, or The Fed, actually is in control of something of "real value".

          They are not.

          Oh, in so many ways...
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  • Posted by strugatsky 9 years, 7 months ago
    Osama's policies are very easy to understand and forsee. His goal is economic and social destruction of the US. Every one of his policies has been a step towards that goal. I can think of not a single exception. On any topic, pick the option that will cause the the most damage and option has been or will be Osama's policy.
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    • Posted by 9 years, 7 months ago
      Absolutely. Do we have 18 months left? Will he do something to speed up the economic collapse as his time runs out?
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      • Posted by strugatsky 9 years, 7 months ago
        His rate of damage does seem to accelerate. How much more can this country take is hard to say. He is, however, doing his damnest. I expect another Fergusson-like event, only much larger, to enable him to hold on to power. If he doesn't chicken out. But he shouldn't - the biggest obstacle, at least theoretically, is the military. Preparing for that, he had gutted out the top echelons - not just the generals, but even the colonels have been replaced with his cronies; and the troops are disarmed. Meanwhile, the KGB (aka Homeland Security) goons have been trained to shoot their mothers. Interesting times are upon us...
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        • Posted by 9 years, 7 months ago
          The Military "purge" happened quietly and thanks to the media it went mostly unnoticed. I was wondering what he was up to. At the time I thought he just wanted more support from the Military concerning his Middle East strategy. Now I wonder...
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        • Posted by MinorLiberator 9 years, 7 months ago
          I have felt since Day One after he was first elected that he was, and is, capable of engineering the type of event you suggest. You can't give exact odds on that sort of thing. I'd just say I don't think he will, but wouldn't be overly surprised if he tried and/or succeeded in holding onto power.

          His megalomania knows no bounds (I think that's redundant). Who better to replace him than himself?
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          • Posted by strugatsky 9 years, 7 months ago
            There's more to it the megalomania. He is a faithful student of Alinsky, Stalin, Dzerzhinsky, Lenin and Hitler (all top ranking socialists). They all wrote books and manuals on how to achieve power; none of them ever touched the subject of releasing power. This, in fact, could be the first time that Osama will do something truly unprecedented; or not.
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  • Posted by wiggys 9 years, 7 months ago
    0 is a uneducated individual from the ghetto. He does have a ghetto personality if you hadn't noticed. He just spends money like a drunken sailor. What separates him from the welfare recipient in the ghetto? NOTHING. Saying his name in the same sentence as R. Reagan is an insult to Reagan.
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    • Posted by 9 years, 7 months ago
      It would be hard to argue with the spending if we saw results. To spend this much and have nothing to show for it is troubling to say the least. Do you remember(I think it was around 2008)when Obama compared himself to Reagan? That was insulting.
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  • Posted by Clairity 9 years, 7 months ago
    Communism, Socialism, Nazism, Racism, Environmentalism, Religions etc are nothing more than different hats created by the powers that be to help herd all the sheeple. If the organization is tax exempt it has to follow their guidelines, and laws.
    I would be surprised if Obama wasn't trying that tactic.
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  • Posted by $ DriveTrain 9 years, 7 months ago
    Another Soviet strategy that we can know with certainty that Obama and the Democrat-Socialist Party are using against us is "Two Steps Forward, One Step Back." That's been the case for years, but particularly now; to a degree the NWO RINOs have been using it against us too.

    Pick your poison: Obamacare declares each of our physical bodies to be the de facto property of government, and the best we get (from the RINO herd,) is "Repeal and Replace";

    The Dodd / Frank / Greenspan / Bush / Bernanke / Obama mortgage meltdown and bailout had us reeling under Bush's $780B pulled out of thin air, with the "one step back" being a loudly-heralded "spending reduction" from the Boehner types that amounted to something like $300M, a drop in the bucket in context;

    Iran is not just being allowed to develop nuclear weapons, but seemingly urged to by the Obama Administration - but now we've got some impressive naval firepower bravely defending Yemen from the Iranian navy, presumably to shore up the idea that BTO (Barack Taqqiya Obama) rilly-rilly means business on defense issues fer sure.

    Examples abound, though most of them are more like "marathons forward" rather than a mere two steps.

    I say it's time to embrace that game ourselves - and demand it of our elected "representation." By which I mean it's time to pull as radically in "our" direction as they have been pulling in the direction of collectivist totalitarianism.

    - We've seen the groundwork being laid for the UN's "Agenda 21" plan - which is basically worldwide neo-serfdom under the "green" banners, Climategate or no Climategate. It's happening in many ways, from "smart" meters to light bulbs fitted with Wi-Fi and cameras to tele-screens to "smart growth" (which is neither,) to further regimentation of automotive engineering and ever-more-suffocating restrictions on driving per se. On land grabs, Obama is up to something like fifteen in his gargantuan land- and ocean- grabs as "National Monuments" and "Wilderness Areas" and "We Had To Call This Something Other Than Neo-Medievalism" etc. - the long-term goal of which for this century is the systematic obliteration of land ownership in total among us plebes. Which in turn means a lurch back to Medieval feudalism, in which a small clutch of nobles owns the land and the serfs exist by permission.

    We can short-circuit this with two actions, one an easy sell and the other more difficult (keeping in mind that I'm neither an attorney nor expert on Constitutional Law):

    1. A new Constitutional Amendment that would abolish, nationwide, all property taxation. Finis. Done. Ex-parrot.

    Malta, Lichtenstein, Croatia, Thailand, Monaco, Fiji, the Cook Islands, New Zealand, Israel, Dubai, Bahrain are just a few of the countries where there is no residential property taxation at all, or at most a one-time tax on purchase or sale of a residence. The United States of America, once the leader of the free world, has a less-just tax policy than Croatia? Than Malta? Than Dubai? We must abolish the barbaric anachronism of property taxation entirely, as a new human rights paradigm for the entire world. Given the fact that every American has to have a roof over his head, either owned or rented (renters would benefit from the landlord's lower costs,) this ought to be an easy sell and easy ratification.

    2. Demand a complete selloff, to individual American citizens, of all government-held land not located directly beneath legitimate government buildings and military bases - whether at auction, via a new Homestead Act or some other mechanism is immaterial, so long as it's done, and aggressively implemented. The proceeds can be used to apply to the national debt. The CATO Institute did a paper on the subject in 1999 titled "How and Why to Privatize Federal Lands":
    http://www.cato.org/pubs/pas/pa363.pdf
    I hit upon the idea before becoming aware of that piece, but it's an idea whose time has come.

    - We all know about Obamacare, and despite the fact that it's been whittled down significantly, even with a Republican Administration taking office in January 2017 the best proposal we're hearing is "Repeal and Replace." We should be arguing for a complete Separation of Medicine and State, using Peikoff's simple question as a springboard for debate: "Why was it possible for a person of modest means to get good health care prior to the mid-'60s without courting bankruptcy, but isn't now? What happened in the mid-'60s?"

    - Communist Core is on the ropes but still in force; when asked what to replace it with, Republicans typically glance around nervously and ask about the weather. As above, we must push for a complete Separation of Education and State. Homeschooling, small parent-run neighborhood schools for those with neither expertise nor time to homeschool directly, and complete deregulation of for-profit school businesses and all private schools - these should be the Republican alternative.

    Etc.
    .
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  • Posted by MinorLiberator 9 years, 7 months ago
    I see your point, and can't disagree. The deficits certainly are not being used to build up defense and defeat anybody. (True we lob a few drones here and there, give some marginal help in the Middle East, but this is no Star Wars spending). For the most part the spending is being totally wasted in failed domestic programs, like "jobs programs" that somehow fail to produce any jobs, increased welfare, and who knows what percentage going to corruption and cronies (e.g. "green" energy magnates, Solyndra), etc. etc. And they are indeed destroying our economy.

    If you couple this with his Anti-Industrial regulatory policies. e.g., his very personal "War on Coal", his one-man refusal to approve the XL pipeline after his own State Department studies have shown it to be "safe" several times, and both Houses of Congress, in a bi-partisan vote, have also approved it, and I'm sure many more to list, I have to conclude that his was and is serious in his attempt to "fundamentally change America", in particular whatever is left of its Capitalist economy.
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    • Posted by 9 years, 7 months ago
      It is somewhat consistent with Keynes but I see as just dangerous. The biggest problem, as you point out, is that little or nothing has been gained. We have just dumped money into failed programs.
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      • Posted by MinorLiberator 9 years, 7 months ago
        Hard to be consistent with Keynes, since he was inconsistent with himself (and reality). This is just plain old Inflationism, which had it's promoters long before Keynes, and many since, always to serve the Emperor, The King, The Prime Minister, The President...[fill-in-the-blank here]....

        Not that I'm disagreeing with you at all. Dangerous indeed.

        And it never ends well. It won't be pretty this time, either.

        [edit to add a little content]
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  • Posted by nln1219 9 years, 7 months ago
    Trust me, as a veteran...we are scared!
    The VA is slower than the second coming of Jesus.
    If they don't care for veterans, the average citizen does not have an ice cubes chance in Hades, on anything...not that we ever did. Of course ANYTHING done by the Government is "For the Pubic Good"
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  • Posted by $ jdg 9 years, 7 months ago
    That's exactly what Alinsky advises. The ruin Obama is bringing to our country (including the pending race/class war) is not an accident.
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  • Posted by CircuitGuy 9 years, 7 months ago
    My suspicion is the "strategy" of borrowing (in the 80s and now) is more rationalization than strategy. It's easy to spend now at the price of slightly higher costs of debt servicing years from now. This is why many families and individuals are in bad financial shape and ignore it until some mini-crisis hits. The gov't is representing the people in this and taking the same approach. We'll find the political will to stop the borrowing once the inevitable mini-crisis happens.
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    • Posted by khalling 9 years, 7 months ago
      No. Reagan had a strategy and consulted with leading capitalist economists. The "mini-crisis" as you put it, in 2008, plunged millions out of the middle class into the working class. We have not seen this many people out of work and not looking for work since the Great Depression. Was that a mini-crisis?
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      • Posted by MinorLiberator 9 years, 7 months ago
        kh: I agree 100% about 2008. There was nothing "mini" about that crisis. You can't of course list all of its ill effects in a single post, but don't forget the horrendous loss in home values, representing the life savings and retirement "nest egg" for millions, wiped out and still not recovered.

        The so-called "official" unemployment figures are still being "cooked" to vastly understate the current unemployment rate. And even the official numbers show very little job growth, and if I recall last month's jobs report correctly, there were net losses in all age categories except the 55-69 year-olds. (Why are they actively seeking jobs? See paragraph 1). Without a significant net gain in that category, there would have been a net job loss. Is that type of growth something to be "proud" of?

        And, just IMO, the most immoral thing about the unemployment survey is that it arbitrarily excludes people who are so discouraged that they've given up looking for work as "unemployed". On what moral or theoretical grounds is that justified?

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        • Posted by plusaf 9 years, 7 months ago
          Yeah, I know I'm going to get a lot of shit thrown at me for disagreeing with you, but that's not new to me....

          Keep in mind that the 'nest eggs' lost in the '08 fiasco started with Democrats who changed "everyone should be able to own a home" to "Everyone MUST Own A Home" and screwed around with banking and bankers to 'encourage' them to make stupid loans so that Everyone Would Own A Home.

          Problem is that the market distortions turned houses from 'homes' into 'investments' and suckers started flipping houses as part of their Retirement Plans, as opposed to a place to grow some equity while they Saved and Planned For Retirement.

          Ok, you won't agree, but I've been right before and lots of folks still disagreed.

          Next is the 'stock market meltdown' that 'robbed retirees of their nest eggs.'

          Bullshit. A too-large percentage of the US population has been convinced that Investing in Stocks is a Gamble, the same as trying to get rich at the tables or machines in Las Vegas.

          So they don't make smart investments or do the proverbial 'in at the top, out at the bottom' and then blame "Wall Street" for the results of their own ignorance and stupidity.

          I'm probably in the top 5-10% today (certainly not the 1%, but WAY above average,) and I attribute it to my Mom pounding into me "don't carry debt" and "pay off your mortgage asap!".

          I blew tens of thousands of dollars 'investing' through brokerage firms that got rich off the commissions and trading costs or applied cookbook 'tools' and pushed me out to sea with no compass or oars or rudder.

          It took me a few decades to be lucky enough to be put in contact with a financial management firm that had a philosophy that sounded right to me... and to one of my very best friends and mentors who recommended it to me.

          And you don't have to believe anything I say or agree with me at all, and from prior experience, I don't expect agreement, either.

          But MY IRA, a bit over ten years after I handed it ALL over to that firm, has MORE dollars in it than the day my wife and I moved all of our retirement cash into it.

          And AFTER ALL fees AND regular withdrawals to supplement Social Security to maintain the lifestyle we want, the treasure trove has 'plummeted' by a whopping 1/3rd PER CENT PER YEAR over the past 10.8 years!

          That implies that the 'money will last hundred of years at the rate we're sucking it down. (about 7.5%/year.)

          Yeah, stocks are like gambling... if you do no homework or trust your money to someone without skills or a dog in the fight. (My money manager makes a commission of a percentage of total holdings of his clients. If they screw up, they make less money. Nice incentive for them to not screw up, dontchathink? And their performance for us has beaten the hell out of Smith Barney or Charlie Schwab.)

          Oh, and you will ignore that we hired our money manager BEFORE the housing bubble burst, too.

          Cheers!
          Ah, but what the hell do _I_ know...?
          :)
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          • Posted by CircuitGuy 9 years, 7 months ago
            I agree with all of this. I sold my house and rented from 2004 to 2010. I stayed in equities, no bonds, for the duration of the crisis. Our portfolio fell but came back. Our businesses did well despite the mini-crisis, and we invested some in the business and some in stocks all the way along. All of the people devastated b/c their portfolios fell or fuel was too expensive are not now ecstatic that fuel is cheaper and that stocks went up.

            I lobbied unsuccessfully to stop the stimulus. Things were fine, great compared to human history. Nothing justified that borrowing as if the US borders were under attack or something.

            I love hearing stories of people who managed their modest wealth wisely and now have lifestyle that blows away most people in history, structured to last hundreds of years. :)
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            • Posted by plusaf 9 years, 7 months ago
              CG, I think you might like MarketMinder, and for a lot of the same reasons. They're mostly technical analysts, but look at the Big Picture of History.

              One of their hot topics was the whole issue of Quantitative Easing... QE1-to-n. For years they kept pointing out that every QE did NOT cause the stock markets to go up, and for the most part, when the QE's began to be unwound, stock markets reacted with a yawn or a moderate Increase, exactly opposite of the panics and plummets that the mainscream media feared and 'promoted.'

              But that didn't stop my brother and some other retired friends from going into bonds 'because their stocks had gone down,' either. Such is life.

              They live theirs; I live mine. Enjoy yours, too!
              Cheers!
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      • -1
        Posted by CircuitGuy 9 years, 7 months ago
        "Was that a mini-crisis?"
        Yes, and we didn't fix anything, so another one is coming.
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        • Posted by khalling 9 years, 7 months ago
          typical. just repeat your statement without addressing the evidence. Where is the evidence we have recovered from that "mini"-crisis? There has been no increase in per capita income since the Recession. There would appear to be wealth creation-but when the Fed prints money out and hands it to banks at near 0% and does this for YEARS, has wealth been created?
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          • Posted by 9 years, 7 months ago
            I'm surprised more financial pundits aren't talking about the disconnect between the numbers. Retail sales were supposed to be strong Q4 and Q1 because of the low unemployment and low gas prices. Retail sales were weak and no one seemed to make the connection between that and the unemployment numbers being manipulated along with the inflation numbers.
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          • Posted by CircuitGuy 9 years, 7 months ago
            Wealth is being created but not that all that fast considering monetary and fiscal policies have been at full throttle for years. It's a stretch to say we recovered from anything when we didn't fix the underlying problems and know another crisis is coming.
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    • Posted by 9 years, 7 months ago
      Provided our economy can survive. I have read a few times that the Fed has to be cautious when it comes to raising interest rates. Easy money has helped the stock market and given the illusion of a robust economy. Rising interest rates will have an adverse effect on the economy and eventually make even the interest payments on the debt rise to a point where we can't make the payments. I see no strategy in Washington to even slow down the increase in debt.
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      • Posted by MinorLiberator 9 years, 7 months ago
        I believe that the US, and its economy, can and will survive, even this upcoming crisis. But not without another round of significant pain.

        The damage has been going on for so long, that there must be and will be a massive readjustment (recession/depression), as is inevitable after any massive inflation.

        Given other comments in this thread, I think that, unfortunately, it will only be in this light that, after the fact, 2008 will be considered a "mini-crisis".

        And I believe that you are absolutely correct that rising interest rates will signal/trigger the end of this boom. The only other historical alternative would be to continue the expansion to the point of hyperinflation, and I don't think the US or almost any country is so ignorant of economic history to let things go that way.

        kh has already listed, earlier, some of the steps we will have to take. As of now, of course, IMO there is absolutely no "political will" to effect any of those changes. But there will be.

        On the positive side, I do believe that we have a advantage over earlier "corrections" of this scale: our advances in information technology should convey, in an enormously faster and more efficient way, the price signals that point to a recovery.

        The huge political, not economic, question is: Will we be "allowed" to act on those signals, or will we lapse into another era of price controls, protectionism etc.?

        My hope, and thanks to sites like this, that grow by the day, is that we will finally have learned, and reason and a free market correction will prevail and minimize the pain.

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        • Posted by 9 years, 7 months ago
          I hope you are right Minor. We should be able to learn from history but the socialists see an opportunity...
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          • Posted by MinorLiberator 9 years, 7 months ago
            Well, for some reason, like currencies, and for the same reason, the word "hope" has been devalued since, um, 2008.

            I truly believe though that "socialists" are a dying breed. The more potent danger is now the "greens" and their global power elite, who clearly see an opportunity.

            In the end, though, not really much difference between them. Whether "egalitarianism" or the new God Gaia and "sustainability", it always comes down to the initiation of force by a power elite against individuals, to attain their "exalted" goals.
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            • Posted by 9 years, 7 months ago
              True. I should have made a note when I read this but a while back I read that a UN rep that is part of the Climate Change crowd said that the best system for dealing with Climate Change is Communism. Frightening...
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      • Posted by CircuitGuy 9 years, 7 months ago
        The scenario you describe is what I was calling the "inevitable mini-crisis".
        It should be easy to eliminate the deficit. If they simply froze nominal spending at current levels the problem would go away. I am disappointed they only make token efforts.
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        • Posted by khalling 9 years, 7 months ago
          "It should be easy to eliminate the deficit."
          It's true scope is not accurately reported to us, we continue to inflate by printing currency. You support senators, representatives and a President who would never agree to freezing nominal spending much less cuttin way back on social program spending, which takes money from producers and gives it to looters and moochers. There are bold moves which could cut the deficit substantially through growth. In order for that growth to happen and explode would involve cutting regs substantially, including recent banking laws, accounting rules and legislation on the floors of both houses now, weakening the patent system.
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          • Posted by $ MichaelAarethun 9 years, 7 months ago
            It should be easy to pay off the national debt but it ain't gonna happen. Since there is no credit (gold standard) or faith (standard for fools) that leaves the fear standard. No one wants to yell the emperor has no clothes for fear of losing what little they have left.

            So what can replace gold?

            Land...Federal land sold or leased even with restrictions is the only wealth left to pay the debt. Works on the State level tool. Only takes a court order to prevent bankruptcy, Or an executive orders from the throne.

            Not much else left.
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            • Posted by khalling 9 years, 7 months ago
              Land does not work as a backer for currency(although we are doing that with China) and won't solve the underlying problem-spending. we're just putting off the day
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              • Posted by $ MichaelAarethun 9 years, 7 months ago
                Then neither with gold, nor faith, nor credit, nor being a former industrial now information based or financial based society.for all that is left is fear. No wonder people in other countries ask in return to my question ''Do you take dollars?"

                "Have you nothing of any value?"

                I looked at the amount of federal debt now 18 trillion plus the unfunded entitlement programs like military retirement, congressional retirement, presidential retirement, medicare, obamacare, social security, railroad retirement, failed businesses bailout care, pork trough care and inflation care. Ha Ha.Which means the debt is really 36 trillion. Always seems to work out that way.But no worries.. someone will come along and say it's only five percent of GDP. Now we find the land is worth nothing. If so how come property tax isn't zero. And for those who thing T Bills at zero percent are worth something because the government can print all it wants....

                However if some lender comes up and sez here's five trillion but I want all the federal land in Alaska , Washihgton, Oregon, Northern California along with timber, mineral, grazing and every other right do you think they would accept no matter what the Green say?

                Me I say let them have southern California. That's why I left it out of the initial offer.
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    • Posted by khalling 9 years, 7 months ago
      many other families are in bad financial shape because their wealth has been depleting due to inflation and businesses are cutting way back, uncertain of the future. Real per capita growth has been squeezed from the private sector and is inflated by the public sector. Mr. Laffer is a very smart man. In order to start your own business, it takes investment and lots of risk. New disruptive technology takes even more risk.
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