Bankrupt!

[kruddykuffar]

We print money out of thin air and it's free. All money and all value is a psychological pyramid scheme. There's no real value in anything outside of our collective imagination.

World War Two was a government scheme and it worked. The United States emerged from WWII richer than when it entered, and how did that happen?

Government created artificial demand when it converted our private economy into a command economy.

Government power ended the Great Depression.

[xanatose]

Money is just a fantasy. Resources and land is what is valuable.

No body really knows how much money Bush administration printed (since they did not fill a G7 report on how much was printed).

The result is that the dollar is overvalued.

The Chinese estimate that the value of a dollar is 1/4 of the reported one. Yet, is not for their best interest to de-evaluate it fast. So instead of exchanging dollars, they have being buying resources and properties with the dollars,

[solon789]

"Who knows our needs better"...so true...il be using this beauty to refute all my leftist mates..thx bernard, oh and can 'foryoutohear' shut the fuck up...bernard is always right, end of !

[foryoutohear]

The " National Review" is NOT a good source of information! I'm with you , but you CANNOT get your information from such one-sided publications.

Thanks ,

FYTH

[pinegrove33]

Oh, no, NR is excellent. If they lied about anything the mainstream media and media matters would have a field day playing it up. Their journalism is top notch. Yes, they are conservative like me but that doesn't mean they lie. Were that you could say the same about leftists though. What was false about the quote I read? Nothing.

[foryoutohear]

Never said that anything was false!! I simply stated that they are one sided! This is a FACT, as you pointed out. Since they are one sided, they tend to spin in their direction. I too have read the rag. I do think it is a POOR source of information. I also said I was with you.

Thanks,

FYTH

[jupiviv]

I don't agree with the Repubs or the Demos on the solution.

The U.S Fed Gov. Obligations(Assets, Capitol, Bonds, Trade Imbalance etc.) now tops out as more than the combined GDP of the WORLD.

And you are thinking of spending and tax cutting our way out of this?

The only solution is to pay less, and pay off your debt.

In the current situation:

1.) Tax cuts are BAD. They will reduce annual government finances, and hence result in deficit .

2.)Stimulus is BAD. Creation of money is useless.

[pinegrove33]

Tax cuts are very good. You decrease the size of the state and the mischief they can do in the process--you starve the beast. The first thing to do is announce an across the board a pay and hiring freeze. Then cut out useless divisions like Agriculture, Commerce, the NEA etc. A true stimulus is giving the people their money back so they can spend it on what they need. Who knows our needs better? Us or the government? The status quo is quite comical.

[jupiviv]

In the current situation, tax cuts would only further destabilise the economy. I'm all for tax cuts, but this situation doesn't need them.

The government should spend all the money they are spending on all those B.S areas you mentioned, and use it instead to pay off your international debt.

After the debts are at least 80-90% payed off, THEN tax cuts are good.

[kaunas88]

@pinegrove33 Unfortunately tax cuts don´t starve the beast. The gov. just goes on spending more than ever but makes up the difference with never ending debt.

[pinegrove33]

@kaunas88 you got that right! wish it were otherwise but they're proving that today aren't they?

[doghousepiiman]

As Bernard has said, tax cuts are very good. More money kept by the people TO WHOM IT BELONGS IN THE FIRST PLACE. Anything other than that is theft, and is therefore immoral. If we eliminated all the programs that the Federal government has no business running, that would take care of any deficit/debt very, very quickly.

[jupiviv]

Your country is in HUGE debt. If people had the money at THIS point, then none of them would spend it on paying that off.

On the other hand, if the governent stops the stimulus and keeps the taxes where they currently are, not increasing or decreasing them, then your govt. will end up with an annual SURPLUS, for a CHANGE(every year they end up with annual deficit, and have to borrow more.) Buy back your bonds from others with that surplus, and, after that, BURN them.

[mala265]

Good vid Bernard....100% in agreement!!

[regresseur]

We may feel it, but the wealthy and "elite" will not, and that is the key here. They don't care because they don't have to; everything always falls on the shoulders of the "human resources". The only exception is when things become so bad that politicians cannot "politicize", i.e. successfully lie to the people, and thus the people revolt, en mass. History repeats only because the roots of problems are not only not addressed, but avoided, and for good reason... or bad, depending which side.

[mobstersreport]

In short. We're fu%#d! >=\

[Fuunken]

Good stuff. Simply amazing and truly scary thoughts.