In the News II

Quote: DoubleGold

That's why he gets into financial trouble all the time and needs to be bailed out often.

The thing is he is not afraid to try things. Started just developing condos for the most part. Tried casinos. Tried an airline. A dozen smaller products with his brand. Some worked some did not. Most of us have known such a guy in their lives. They have tried several businesses or careers. Some people admire them, other people cannot stand that they do not just stick in a job they hate for life like all the normies.

Quote: AZDuffman

The thing is he is not afraid to try things. Started just developing condos for the most part. Tried casinos. Tried an airline. A dozen smaller products with his brand. Some worked some did not. Most of us have known such a guy in their lives. They have tried several businesses or careers. Some people admire them, other people cannot stand that they do not just stick in a job they hate for life like all the normies.

A lot of words to say he’s failed at just about every business venture he’s tried. But hey, maybe those Bibles are flying off the shelves…

Quote: AZDuffman

The thing is he is not afraid to try things. Started just developing condos for the most part. Tried casinos. Tried an airline. A dozen smaller products with his brand. Some worked some did not. Most of us have known such a guy in their lives. They have tried several businesses or careers. Some people admire them, other people cannot stand that they do not just stick in a job they hate for life like all the normies.

We all have shortcomings.


If Trump were eating at my place, he'd be at the head of the table where the King/Queen sits.


Biden would not be allowed to enter my place for obvious reasons.

But the largest one I'd say, is being a Catholic and supporting abortion.

I can't reconcile that in a person.

Quote: DoubleGold

We really need a person that will sacrifice self to bring the debt down before it's too late.

It is already too late.

The Federal budget has a built in annual $2 trillion deficit that is going to climb. Nothing can be done about it.

In just the past three years, the annual interest on government expenditures has soared from $518 billion to $1.026 trillion.

It is soaring at an exponential rate for the first time in history.

Federal tax revenues are at a record high, but social security and medicare account for 95% of the US unfunded obligations.

Assuming no massive spending programs or wars, the Federal debt is forecast to be $52 trillion by 2034.

Now, for the first time in history, the Fed is reporting weekly losses due to high interest payments.

Quote: Tanko

It is already too late.

The Federal budget has a built in annual $2 trillion deficit that is going to climb. Nothing can be done about it.

In just the past three years, the annual interest on government expenditures has soared from $518 billion to $1.026 trillion.

It is soaring at an exponential rate for the first time in history.

Federal tax revenues are at a record high, but social security and medicare account for 95% of the US unfunded obligations.

Assuming no massive spending programs or wars, the Federal debt is forecast to be $52 trillion by 2034.

Now, for the first time in history, the Fed is reporting weekly losses due to high interest payments.

I explained it to a woman at work. When I was a kid in the early 1980s the debt hit $1 Trillion for the first time, it is now over $30 trillion.

She has 2 new kids. Told her by the time they hit 30 that means the debt will be $1 quadrillion.

Now, they will try to inflate it away time and time again. But sooner or later that will crash. I have been predicting the extinction of mankind in 1000 years. I am now revising that to 300-1000. It will probably really pull apart in the 2050s or so when population peaks. UN says that happens about 2070, I think they are off and it happens sooner just the trends I see. That decline and economies falling apart due to the USD collapse will make life as we know it a memory. By 2100 what we live now will be in history books with people asking "how did they mess that all up so bad?" By then total fertility will likely fall to about 1.0 per woman, meaning a halving every generation. Until it all ends and the earth shakes the last of us off like the irritating fleas we are.

Quote: Tanko

It is already too late.

The Federal budget has a built in annual $2 trillion deficit that is going to climb. Nothing can be done about it.

In just the past three years, the annual interest on government expenditures has soared from $518 billion to $1.026 trillion.

It is soaring at an exponential rate for the first time in history.

Federal tax revenues are at a record high, but social security and medicare account for 95% of the US unfunded obligations.

Assuming no massive spending programs or wars, the Federal debt is forecast to be $52 trillion by 2034.

Now, for the first time in history, the Fed is reporting weekly losses due to high interest payments.

I'm trained to be a persistent person that never gives up, even though the odds are way against me.

I've had to learn to cut losses the hard way, and not just financially.


The only way I could see you not being correct, is for the House to be intentionally cleaned out for anyone voting for increasing the spending cap.

It doesn't make sense to send all these countries cash and then put it on the credit card, especially with rates increasing.

Let them earn and save their own cash, through the old-fashioned way, hard work.

It's like the House members don't understand economics.

Quote: DoubleGold

It's like the House members don't understand economics.

The problem goes back to the early 70s when they put it all on autopilot. Automatically increase spending by X% year in and year out.

Quote: AZDuffman

The problem goes back to the early 70s when they put it all on autopilot. Automatically increase spending by X% year in and year out.

Could it be related to Bretton Woods 1972 decision by Dick Nixon?



I'd say it goes back further to 1913 and Woodrow Wilson when the private bankers took over.

But good gosh, since 1913 our dollar's purchasing power fell about 99%, meaning almost all of it.

That forces folks to work and ensures a supply of labor for the scam.

Quote: DoubleGold

Let them earn and save their own cash, through the old-fashioned way, hard work.

Difficult for most people to save these days.

In 1980 the average rent cost was less than 14% of the average median income for a family.

Today, it is 41%.

That's just shelter. The cost of everything else is also taking a larger bite of income than it did even a few years ago,

'Doctors making $350,000 per year can't find homes in Long Island as prices surge 50%'

Quote: DoubleGold

Could it be related to Bretton Woods 1972 decision by Dick Nixon?



I'd say it goes back further to 1913 and Woodrow Wilson when the private bankers took over.

But good gosh, since 1913 our dollar's purchasing power fell about 99%, meaning almost all of it.

That forces folks to work and ensures a supply of labor for the scam.

Not directly related, they just both happened around the same time. Congress set up "baseline budgeting" back then, locking in budgets for most federal things forever. It would be as if GM said "we are going to buy X steel this year and spend X * 1.Y every year thereafter, forever. Now, they may need less steel over time or there may be more competitive prices, but the budget for steel would just keep compounding, forever.

It is why you hear Democrats say a Republican wants to "cut the budget" for something even as more is spent. It will eventually be part of the end of things. Just hope it lasts thru our lifetime before collapse.