New Hope for Haiti

[billt]

Both Moody's and Standard and Poor's are talking about possibly down grading the US triple A credit rating we have had since 1917 if the country does not cut spending and increase taxes.

Look, I'm not saying all is rosy. What I am saying is that if everything goes to hell, China has just as much, if not more to lose than we do. Their ass is in the ringer with everyone else. No question we have to quit spending so much. What I get sick of hearing is how China "owns" us. They loaned us money. Big deal. It will more than likely get paid back with inflated dollars. This, at least to some degree, is to our advantage, much like a home mortgage helps the buyer over time. A good portion of the interest is eaten up with inflation.

If you want to worry about China, worry about it from a military standpoint. Not now, but in another 10 or 15 years they are going to be a real threat. To us and everyone else. They are a ruthless people. We are pussy's. Especially under the dems. Our weakness mentally scares me more than China. Weapons are worthless if you're adversary knows you won't use them. Hussein won't. It's why they all love him.  Bill T.

[billt]

Bill I can get behind your argument, except when I look at my own experience. Especially with groceries. A few years ago Wyo did away with sales tax on grocery items. Thus saving me 5% that I was paying in tax. When I still had to pay tax on my food I was averaging about $60 per week at the store, and eating pretty good. Today I'm cutting every corner I can at the grocery store, and not eating near as good as I was, but my food bill is close to $150 a week.

 The dollar is losing value and that is the worst place that I see it. Granted I don't see that kind of inflation in other areas, but I can account for that. First, I have personally cut back my entertainment budget, and second, in order to keep many products moving, and thus ensuring cash flow. Retailers and manufacturers are HAVING to keep the price down, even if it means lowering profit or in some cases taking a small loss.

While some items like groceries and gas have gone up, others like electronics and real estate have plummeted. It costs less to buy a printer for your computer today, than it does to replace the ink cartridges. Digital cameras, big screen TV's, and a ton of other things have gotten cheaper across the board. New car prices, along with the financing to buy them, are a tremendous deal compared to just a couple of years ago.

Everyone is talking about how Hussein Care is going to bankrupt the nation. It will never happen. You've got 26 states as we speak suing the federal government over it. It will take a Supreme Court decision just to judge the Constitutionality of it. 70% of the people hate it, and they are currently trying to repeal it. They won't now, but in 2 years?? This whole thing is like an airplane made out of lead. I don't see it going anywhere, now or anytime soon. I've been hearing how "Hyper Inflation" is coming! So is the asteroid. We keep predicting and waiting for all of this gloom and doom. China, Hussein Care, $7.00 gasoline, food shortages, riots, economic collapse, and on and on. When is all of this going to arrive?

Hussein has all but destroyed the dems in just 2 years. Everyone thought we'd all be socialists by now with no guns. He's been nothing but a turd in the punch bowl. Where is all of this "Immigration Reform"? Still sitting on the stove with the burner off. With the Republicans in the House it is yet another thing that is on the fast track to nowhere. I don't know about you, but I'm taking a breather from all of this worry. Chances are whatever they predict will happen, won't happen. That is how it's been throughout history. Tomorrow I'm changing the thermostat in my truck, then I'm going shooting. I'm sure all of this disaster will still be waiting when I get back.  Bill T.  

[twyacht]

China has diversified to OTHER countries,....."The one with the gold",.....if we as consumers of Chinese goods, slap tariffs, trade embargoes, aka play hardball, they call their debt, which we can't pay back.

Trade war ensues.....

They are building two coal plants a WEEK.  When did we last build a refinery, nuclear plant, dam, coal plant.....They have covered they're collective "borg" ass, and are not our friend or ally.

China has always use "time" as their ally.

We have run out of other people's money, and our debt cannot sustain our spending. While they smile......

Remember the commercial? Watch AGAIN!!!!

Tell me I'm wrong...

[billt]

Tell me I'm wrong...

I'm not saying you're "wrong", I'm just tired of hearing about it every 5 minutes. Too many people are feeding off this stuff. Glen Beck is a great common sense guy, but what would he talk about if he didn't believe the Apocalypse was coming tomorrow? I just can't watch him anymore. Overkill in it's most grandiose form. Everything is wrong with everything. It just gets old.

We could be in a lot better shape than we're in, no question about it. But the fact remains regardless of what we owe, who we owe it to, what the dollar is "worth", how many tennis shoes we manufacture in Viet Nam, how many border jumpers we waste money on, how long it will take to repeal Hussein Care, there isn't a hell of a lot any of us can do about it. How much can you "prepare"? Buy silver, gold, guns, ammo, food, and water. Sit on it and wait. This could happen tomorrow, next week, or not for another 10 years. If it happens at all. I've heard enough and done all I as an individual can do. Right now the sky isn't falling, and until it does I'm putting everyone else in charge of worrying about it. Call it old age I guess?   Bill T.

[tombogan03884]

Bill, the fact is if this information is not continuously pounded into the heads of John Q. Voter, they will as I predict re-elect Obummer in 2012

[Sponsor]

[billt]

2 years is an eternity in politics. Just look back 2 years ago.  Bill T.

[tombogan03884]

2 years is an eternity in politics. Just look back 2 years ago.  Bill T.

Most of the mutton headed voters can't remember 2 hours, never mind 2 years.   

[twyacht]

Most of the mutton headed voters can't remember 2 hours, never mind 2 years.   

I wonder how she's doing and if she, and many others, REMEMBER!!!

 

[billt]

She doesn't have to worry about putting gas in her car because she more than likely has been laid off, and has no where to go. Her mortgage is a thing of the past since her house is probably in foreclosure. Go Hussein!!   Bill T.

[JC5123]

At least there is one that woke up.