Here come de crash of all crashes.......
Pensacola Discussion Forum
Last edited by TEOTWAWKI on 9/24/2015, 1:01 am; edited 1 time in total
2seaoat wrote:Your economic analysis is silly. Debt accumulation is a direct result of income reduction which is the Reagan and Bush tax cuts on the wealthy. This is not rocket science. The solution will take forty years of restoration of proper tax rates on the wealthy. Your concern about food stamps is hilarious. You neither understand food stamps origins, or the comparative subsidy of food stamps to agriculture subsidy in America. My friends who had a three hundred acre farm and raised hogs made over 300k last year, and got a 40k check for farm subsidy. They just inherited one half of his folks 300 acre farm where not one dime of tax will be paid as he and his brother will get four million dollars tax free. In 1980 one million would be owed in estate taxes for this transfer when 125k was the threshold which now has become five million. We are creating a new landed aristocracy where wealth is accumulated tax free while the sheriff of nottingham keeps the peasants in their place. Debt is simply a reflection of what has been stolen by those who bought and paid for politicians.
TEOTWAWKI wrote:2seaoat wrote:Your economic analysis is silly. Debt accumulation is a direct result of income reduction which is the Reagan and Bush tax cuts on the wealthy. This is not rocket science. The solution will take forty years of restoration of proper tax rates on the wealthy. Your concern about food stamps is hilarious. You neither understand food stamps origins, or the comparative subsidy of food stamps to agriculture subsidy in America. My friends who had a three hundred acre farm and raised hogs made over 300k last year, and got a 40k check for farm subsidy. They just inherited one half of his folks 300 acre farm where not one dime of tax will be paid as he and his brother will get four million dollars tax free. In 1980 one million would be owed in estate taxes for this transfer when 125k was the threshold which now has become five million. We are creating a new landed aristocracy where wealth is accumulated tax free while the sheriff of nottingham keeps the peasants in their place. Debt is simply a reflection of what has been stolen by those who bought and paid for politicians.
Saying I don't understand this and that in no way removes the slow motion train wreck that is our economy. You and your wordy Bla Bla Bla is just whistling in the dark. There is no will and hence no way to fix the damaged tracks of industry and investment. It will be a spectacular crash though.
Obamasucks wrote:by Wordslinger on 9/24/2015, 1:47 pm
If you trust the strength and intelligence of big banks and money funds with your savings and retirement funds, you deserve what you'll get.
----
Money will be worthless son even if you have it. Ammo and guns will be the commodity of trade
TEOTWAWKI wrote:on or before Nov 1, 2015
If it doesn't,.....I will change my avatar to teogoofy.....If this forum still exists....
Martial law anywhere in the continental US or a market crash of 20% or more will be considered as TSHTF
Present day.....DJIA 17,373.38
minus..........20%..........3474.67
TSHTF......................13,898.70
TEOTWAWKI wrote:on or before Nov 1, 2015
If it doesn't,.....I will change my avatar to teogoofy.....If this forum still exists....
Martial law anywhere in the continental US or a market crash of 20% or more will be considered as TSHTF
Present day.....DJIA 17,373.38
minus..........20%..........3474.67
TSHTF......................13,898.70
boards of FL wrote:TEOTWAWKI wrote:on or before Nov 1, 2015
If it doesn't,.....I will change my avatar to teogoofy.....If this forum still exists....
Martial law anywhere in the continental US or a market crash of 20% or more will be considered as TSHTF
Present day.....DJIA 17,373.38
minus..........20%..........3474.67
TSHTF......................13,898.70
HAHAHAHAHAHAHA!
Libertarians and their predictions!
HAHAHAHAHAHAHA!
ZVUGKTUBM wrote:I just logged into my Scott Trade account and bought another 500 shares in a Nevada lithium mining operation. Really, it was a penny stock currently selling at 8 cents per share, and the whole transaction cost me 50 bucks....
But, I now own 1,000 shares, and when this operation takes off and climbs to more than $1.00 or more per share, the profits will be nice.....
Next up, I am going to buy some more oil stocks. They are beaten down right now, but eventually, oil is going to start climbing again.
TEOTWAWKI wrote:
http://www.rt.com/usa/317001-usa-government-shutdown-spending-bill/
‘Martial law’ invoked as Congress scurries to avoid another government shutdown
boards of FL wrote:TEOTWAWKI wrote:
http://www.rt.com/usa/317001-usa-government-shutdown-spending-bill/
‘Martial law’ invoked as Congress scurries to avoid another government shutdown
Wear that Goofy with pride, fat boy!
Go to page : 1, 2, 3, 4
Similar topics
Permissions in this forum:
You cannot reply to topics in this forum