The US is doomed unless it gets money from the rich (Page 3): Thanks on behalf of my Country men and women for the compliment, I think our image is good in the States because we're...

RT friend Loc: Kangaroo valley NSW Australia

Peewee wrote:

Always wanted to say this to an Aussie, good day m... (show quote)

Thanks on behalf of my Country men and women for the compliment, I think our image is good in the States because we're down and out boastful people proud to be the son's of convicts, where as you are the same boastful spirit that have to be proud of being goodeys, which isn't easy because it's not funny.

But I agree, Death Duties were painful, I saw a family where the father died first before the wife and kids, the one I knew was in high school, they had to deal with the inspector at a very sad time, he looked at the bird aviary in the back yard, made a quick mental calculation and added $200 that was conversation time so it was £100 on to the value of the property, I saw it happen.

teabag09

If it's put back into improving our Country, it's not wasted. The Fed is going to continue to print money anyway,

RT friend wrote:

Thanks on behalf of my Country men and women for t... (show quote)

JFlorio Loc: Seminole Florida

Chocura750 wrote:

When Clinton left office the public debt was on track to be paid off in 10 years. The Bush tax cuts made that impossible. The Trump tax cuts are going to make a massive increase in the deficit and the debt. Read some of the analysis the firm's like Goldman put out. They fear that the interest on the debt relatively soon will be so large largethere will be a squeeze on other expenditures. I recommend you start reading a blog called Zero Hedge. It republishes a lot of informative stuff.

Clinton got damn lucky. Ever hear of the tech boom?

JFlorio Loc: Seminole Florida

peter11937 wrote:

REMEMBER, pigs get fat, hogs get slaughtered~

Yea that’s why I put an amount in I won’t miss if it goes South.

RT friend Loc: Kangaroo valley NSW Australia

The problem is not so much debt at the moment, the immediate financial problem is that inflation is not happening, so to kick it off here are two recently proven examples.

1. Just confiscate wealth from rich people like what happened in Cyprus or if you don't like Cyprus where deposits over a certain threshold were taxed 47% of their deposit, then the other option is.

2. Greece where the pensioners and lower paid workers copped the load.

Personally I would opt for the Cyprus example, but the real main problem holding up inflation is letting your Currency act as international reserves, because this must cause stratification of coercion, so the USD is US property on loan and that requires force to apply from both directions in even measures, hence horizontal coercion , it's much better to have the SDR's as a component of the mechanism for international relationship between US and other Nations, so just buy back USD particularly when bonds come up at maturity.

That's creating genuine independence and the debt could then be dealt with by genuine inflation due to a sharp rise in imported goods and services, but that will probably happen soon anyway if treasuries have to increase their returns to keep stable market share.

It's important for lower wages and pensions to rise so the people who can afford it have to pay the cost of inflation.

JimMe

JFlorio wrote:

Clinton got damn lucky. Ever hear of the tech boom?

Chocura750 is clueless... Starting in 2007, it has been the Dem/Rino Congress and Pres Obama that has added $12.2 Trillion to the National Debt - more than doubling it in 10-plus years - while leaving Our USA Infrastructure crumbling...

It has gotten so bad that the Debt is now 10 times greater than the total wealth of every Billionaire and Millionaire in Our USA ($20 Trillion Debt reported by the USA Treasury Monthly Reports vs $2 Trillion in Wealth of the Billionaires and Millionaires reported by Forbes online)...

Confiscating the Total Wealth of the rich will not save US... We must elect Congressmen and Congresswomen and Presidents who are willing to Stop Borrowing and Start Paying Off Our Debt!!!

Otherwise, we are Doomed!!!

JFlorio Loc: Seminole Florida

JimMe wrote:

Chocura750 is clueless... Starting in 2007, it has... (show quote)

I agree. These whiners who are worried about a 1.5 trillion dollar tax cut over ten years don't seem to care a bit about the other 96% of debt over the next ten years.

vettelover Loc: Richmond Va

Chocura750 wrote:

When Clinton left office the public debt was on track to be paid off in 10 years. The Bush tax cuts made that impossible. The Trump tax cuts are going to make a massive increase in the deficit and the debt. Read some of the analysis the firm's like Goldman put out. They fear that the interest on the debt relatively soon will be so large largethere will be a squeeze on other expenditures. I recommend you start reading a blog called Zero Hedge. It republishes a lot of informative stuff.

You could not be more wrong on Bill Clinton having debt paid in 10 years. All Clinton and Newt did was allocate funds from unfunded liabilities to the balance sheet and bam, they lied they had a balance surplus.

Go to the debt clock during the Clinton and Gingrich years and you can clearly see debt went up during his Presidency. Please stop spreading lies and propaganda. You are going to get called out on your post for spreading BS.

Yes, ZH is one of the sites I read through and contribute to almost daily. I am a bit surprised you recommended this site. Please read all links and tell me if you still feel like engaging in partisan politics. You will receive no push back from me on the Bush family and the rest of the neocon Rino's that have infested the halls of our government along with their progressive democrat enabling pals.

https://www.cato.org/publications/commentary/no-bill-clinton-didnt-balance-budget

http://www.businessinsider.com/how-bill-clintons-balanced-budget-destroyed-the-economy-2012-9

Since you are a Zerohedge fan
https://www.zerohedge.com/news/guest-post-bill-clinton-myth

teabag09

I guess I was lucky, bought gold @ $350.00, wish I had bought it at $35.00 but didn't know how back then. Bought silver at $ 4.00. Pulled my cash out while it's paying .25% and don't have a nickel in stocks which was a mistake but I sleep well and feel a huge correction is coming. Mike

JFlorio wrote:

I agree. These whiners who are worried about a 1.5 trillion dollar tax cut over ten years don't seem to care a bit about the other 96% of debt over the next ten years.