Originally posted by Openeye
reply to post by camaro68ss
I not quite clear on what your other questions are?
Sorry as I said my questions may sound stupid as economics confuses me.
The Federal Reserve is lending money to the government correct? They are doing this by simply printing vast sums of money correct? If they are doing
this to support the government, then why are we paying taxes at all? Are not our taxes what goes to support the government?
If the economic climate is so bad and catastrophic collapse is as imminent as you make it out to be. Then would not every major economist on he face
of this planet propose austerity measures?
I ask this because the vast majority of economics experts say that such measures would greatly increase unemployment and cause a lack of incentive in
consumers to actually purchase products.
And I ask again...
Even if all you say is true, it leads no credence to your original premise that the "corruption" of civil society has led to economic collapse.
If what you say is true, than simple greed, political corruption, and fiscal irresponsibility are the only things to blame.
The Feds printing money is a New thing starting in 08. Us paying our taxes help supplement the governments and its projects. If we stopped paying
taxes it would only increase the velocity of money printing and bring on hyperinflation faster.
There are quite a bit of economist calling for economic austerity. You won’t find them on MSM but there all over the internet. Austerity is want
needs to happen but the problem is so large now that austerity would also destroy the economy. It’s a catch 22. If austerity was implemented, senior
citizens would get there social secured checks cut. Taxes would go up for everyone. Food stamps would stop and people would go hungry, riots would
breakout. Hell on earth.
Looks what’s happening in Europe. They took the austerity route because Germany will not allow the ECB to print money after what happened to the
Germans in the 20’s. Also the Euro is not the world reserve currency as the USD is. One of the major advantages we have is, and we are slowly losing
it, all countries used to have to purchase USD first to purchase oil. OPEC used to only accept USD for oil. This is slowly not become the case
anymore. There accepting gold now, euros and Yean. That’s why you’re seeing gas prices skyrocket yet the USA has the lowest demand for oil since
1990 right now. The reason these countries are now bypassing the USD exchange for oil is because we are printing money and devaluing its purchasing
I’m afraid there really isn’t anything we can do at this point. The best option is to extend, pretend, and live the good life as long as we can
before the S*** storm comes. If you’re like me, prep with 1 years’ worth of dried food, water, guns, ammo, and silver.
The reason I said corruption of the civil society is leading to economic collapse is not everyone is treated fairly anymore. Take a look at the TO BIG
TO FAIL mega banks back in 08. These banks collapsed and should have declared bankruptcy but the heads of the banks are buddy buddies with those in
congress. The banks also told congress if there banks failed. “The US will experience economic collapse and marshal law.” This was back in 08. So
congress passed Tarp 1 and Tarp 2 that came out to 850 billion dollars in 08 and have been doing continuing resolutions ever since. Meaning there have
been no budgets and that 850 billion has been tacked onto the spending of the US government every year since 08. That’s why our defects every year
are over 1.2 trillion a year. All they have been doing is throwing money at the problem and the problem is yet to be fixed.
greed, political corruption, and fiscal irresponsibility are the only things to blame and I believe that. they pushed the problem so far down the road
that it can’t be fixed anymore.
Let’s take a look at the warning signs now. DHS buying 1.6 billion hollow point rounds in the last year and a half. They also bought rifles, body
armor, riot gear and over 2,000 armor personnel carriers that can take a hit from a .50 caliber round. 1.6 billion rounds is enough to fight in
Afghanistan and Iraq for 22 years! These rounds and the armor personnel carriers are being distributed around the USA. My biddy has seen two of them
here in California 3 weeks ago. Why is the DHS building up an army in the USA? For the upcoming civil unrest.
The world is changing, china and Russia are importing the larges quantities of gold in their history year over year since 08. There gearing up to back
all there currency with gold. Once this happens its bye bye America and hello to the new super powers only because of their economic power!
edit on 22-3-2013 by camaro68ss because: (no reason given)