DrMaddVibe
15 years ago

So, what about the benefits of national debt?

rfenst wrote:



Let's put it in perspective.

Hmmm...something we can all relate to.:-k

I know...our own lives.

We get married and have kids.

We have to buy a house. Don't have to but it sure is nice to have your OWN place. Most newlyweds can't afford a home right out of the gate so they take out a loan!

We used to be able to write of the loan on our taxes. That was taken away.

Gotta get to work everyday and the old car that mom and dad gave us back in college is looking like a scrap heap on rims. Get a new car...take out a loan.

Okay...so now we have 2 loans that are pretty huge on the books that are hitting the ledger. I didn't even mention the utilities, groceries, furniture, repairs that these 2 will have to have sooner or later.

Are you allowed to say...buy the neighbors house and take a loan out for that too? Why not! They suck and you want the space, right? Buy it. After all you and the missus deserve it!

She needs her own car. She's not going to drive a used car. NOOOOOO! Not your Queen. Can't quite swing it though what with buying the neighbors house and all...lease it! That will fit what's left of the check and wht the heck it's new!

Now Queenie decides that she wants a bigger home and wants more kids. You sell what you have to buy a bigger home...play along...I know most of you are bored to tears with this experiment but I'll wrap it up soon...now you have a bigger place and are upside down with it because you never paid off a thing. The car isn't new and under warranty anymore and it's time to trade hers in. OOOPS...you're not getting jack squat for here because it was leased! Guess you have to lease again...they didn't see ya coming did they?! Now everything is more expensive and let's face it you're not making a ton more. Unless you're dealing ass or grass you have to find a way to pay for it all or they're coming to shut down your American Dream.

Who's shutting down DC?

They're getting away with what you personally can't. We've become accustomed to letting it ride on credit. Credit isn't good anymore and the Fed has the printing press. It's win-win time for them. They've devalued your money, afforded you your great bash and promised you'd be taken care of cradle to grave. It's a lie. A lie that you knew all along but there was still beer in the kegger.

Now, what will you do to stop the madness?

Is it time to act like adults and eliminate the people that put us in this place?

Is it time to fees up that the party is over?

Is it time to put responsible people into positions of power instead of Mr. Perfect Hair or Mr. SMiley Teeth?


Yeah.


I'm all ears and waiting for the answers.

I KNOW what some of them are.

I'm waiting for the people still playing the alphabet soup games to wake the hell up. The D's and R's and I's got you where you are. You can continue to act like a gaggle of ostriches or man up and tighten the belt.

Sometimes it's okay to have less. It's still yours.

Remember Freedom? It's disappearing every damn day.
Papachristou
15 years ago
so are you guys saying we cant keep printing money? 🤔
DrMaddVibe
15 years ago

so are you guys saying we cant keep printing money? 🤔

Papachristou wrote:




Oh you can keep printing...but the value goes down with each QE.

PS: The US Dollar isn't backed by anything but a wink and a prayer.[whip]
FuzzNJ
  • FuzzNJ
  • Herf-A-Holic Topic Starter
15 years ago

The absolution you are looking for you will not find by trying to blame GWB.

HockeyDad wrote:



lol, We shouldn't try to assign 'blame' or find out who did what, as long as the false narrative that Republicans are fiscally responsible and Democrats aren't remains alive and well.
rfenst
15 years ago

Oh you can keep printing...but the value goes down with each QE.

PS: The US Dollar isn't backed by anything but a wink and a prayer.[whip]

DrMaddVibe wrote:




So, what is gold's intrinsic value?

If there was a terrible world-wide depression and scarcity, how much food could one get for their gold?

I am not demeaning the value of gold as an investment or hedge, but seriously how much of it can you eat?
ZRX1200
15 years ago
Its softer than steel......less licks to get to the center of a goldy pop.
DrMaddVibe
15 years ago

So, what is gold's intrinsic value?

If there was a terrible world-wide depression and scarcity, how much food could one get for their gold?

I am not demeaning the value of gold as an investment or hedge, but seriously how much of it can you eat?

rfenst wrote:




Robert...seriously look into buying "dimes".

They're small enough to barter without being on the hook to take a whole dollar coin apart for.

You don't eat the gold.

You use it to buy because it's a solid recognized commodity.
DadZilla3
15 years ago

So, what is gold's intrinsic value?

If there was a terrible world-wide depression and scarcity, how much food could one get for their gold?

I am not demeaning the value of gold as an investment or hedge, but seriously how much of it can you eat?

rfenst wrote:



What is gold's intrinsic value? Better to ask what's the intrinsic value of a fancy piece of paper with numbers on it. It costs $0.06 to print a dollar bill...it also costs $0.06 to print a hundred dollar bill.

Gold has been deemed valuable, as has silver, for thousands of years. By comparison, an American dollar is worth about 3% of what is was in the early 1900's. And it doesn't look like that's going to change for the better anytime soon.

As for a worldwide zombie apocalypse, true you can't eat gold but you can buy a lotta beans with even a fractional ounce gold coin. And in any doomsday scenario, lead with a copper jacket at 2300 fps would prove to be a precious metal as well.
DadZilla3
15 years ago

President Bush spent like a drunken sailor on shore leave.

HockeyDad wrote:



To paraphrase Ronald Reagan, it's offensive to drunken sailors to compare their spending to that of Congress. At least the drunken sailors were spending their own money.
rfenst
15 years ago


A few days later he was working at the crematorium refuse heap. He, ‘who had looked like a diplomat, had become a dirty, lice-infested, human wreck, his spirits broken. I saw him go over to one of the camp foremen and whisper (something). The prisoner…brought out a small leather pouch (and) shook the contents into his palm. Like a million little suns the diamonds shone and sparkled. The foreman nodded and held out three miserable uncooked potatoes, and the elderly man, shaking with impatience, tore them out of his hand and put them to his mouth. Here, in this Stock Exchange of Hell, the value of a bag of diamonds was three uncooked potatoes. And this value was the real one. Three potatoes…prolonged life, gave strength to work and to withstand beatings. For a while, a short while, it might delight the eyes of a ruthless murderer, but when the day of reckoning came it would not save his life.
DadZilla3
15 years ago

A few days later he was working at the crematorium refuse heap. He, ‘who had looked like a diplomat, had become a dirty, lice-infested, human wreck, his spirits broken. I saw him go over to one of the camp foremen and whisper (something). The prisoner…brought out a small leather pouch (and) shook the contents into his palm. Like a million little suns the diamonds shone and sparkled. The foreman nodded and held out three miserable uncooked potatoes, and the elderly man, shaking with impatience, tore them out of his hand and put them to his mouth. Here, in this Stock Exchange of Hell, the value of a bag of diamonds was three uncooked potatoes. And this value was the real one. Three potatoes…prolonged life, gave strength to work and to withstand beatings. For a while, a short while, it might delight the eyes of a ruthless murderer, but when the day of reckoning came it would not save his life.

rfenst wrote:



Social Security scenario for seniors under Obamacare? 🤔
Bluedevil
15 years ago
Still blaming Bush?

Grow up!!
ZRX1200
15 years ago
You ^ where have you been????
fishinguitarman
15 years ago
54!!!!!!!!!!!!
JadeRose
15 years ago
HOLY SH IT!!! HOW MANY TIMES DO I HAVE TO TELL YOU GUYS!!!!!!
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I like pie😍


















































Stinkdyr
15 years ago
Fuzzy is right, he and Owebomba are racist.

Poor USA.


[-o<
MTappert
15 years ago

To paraphrase Ronald Reagan, it's offensive to drunken sailors to compare their spending to that of Congress. At least the drunken sailors were spending their own money.

DadZilla3 wrote:




i love this.
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