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Someone needs to let that guy last week who claimed to have discovered who John Titor really is that he may want to check out the David1979 guy before he makes any announcements.
1. Tariff the hell out of imported goods and the good produced by American companies overseas. This will give the government the money they need to pay for reinvestment programs without taxing US taxpayers into oblivion. Do this to the point that it becomes cheaper to produce in the US. 2. Return to a sound monetary policy backed by hard valued assets instead of speculated value. 3. ENFORCE MONOPOLY laws. Our anti-trust laws are there for a reason. We cannot allow large conglomerates to corner markets to the point that they drive competition into the ground. 4. Allow failed enterprises to fail instead of giving them a handout that they will just steal from us and never pay back anyway. 5. Foster good employee protections and make sure that production keeps up with wages and vice versa. If we don't do this we will always have to deal with costs out-pacing wages and creating default crises like the one we are seeing now. 6. Eliminate free-trade agreements. Cheap foreign products does not translate into American prosperity, it only eliminates business here in the US that would otherwise be hiring workers to make their products. 7. After all of this get as much foreign investment as possible to finance further growth. The foreign investors will get consistent and REAL returns based on our consistent and REAL production, and every body wins. 8.Shrink government spending and get rid of agencies and departments that do nothing more than drain the people wealth and pass it on to the top of an already imbalanced pyramid. Other domestic policy: Eliminate the Fed and the IRS, review and reform FEMA, abolish DHS, and abolish the DEA. I would reform the CIA, and the FBI and make them play by the constitution. Period. I would increase funding for the important things, like education, R & D in medicine, consumer energy technology, and refrain from trying to legislate morality. I would retrain all US police forces with the permission of the states to teach them procedures that follow the constitution to the letter. I would abolish gun laws and guns bans that punish law abiding citizens. And no AWB would EVER be enacted or enforced by me, the justice department, or anyone else. At that level the ATF would be abolished. I would reform CPS. And I would reform our immigration policy ONLY with respect to illegals and not punish or make worse the situation of LEGAL aliens. On foreign policy. I would refrain from invading countries and propping up dictators. I would cease all aid to countries that violate international laws like Israel, Saudi Arabia, and China. I would scale back the nuclear arsenal to a manageable size that can be justified as a needed expense rather than a monumental waste. This would give me the trump card needed to ease the worries of countries like Iran, North Korea, and Russia. I would stop the antagonizing of all 3, and find a common ground by which we could build a peaceful world.
Originally posted by disgustedbyhumanity
How about the world stock markets being down 40% +? The majority of people's retirement and personal savings is in the stock markets.
The total amount of money in the system has totally dried up.
Originally posted by disgustedbyhumanity How about the world stock markets being down 40% +? The majority of people's retirement and personal savings is in the stock markets. The total amount of money in the system has totally dried up. Portfolio value dropping by 40% represents an unrealized loss. No loss is realized until the shares are actually sold.