The Final Straw...
renman95
Posts: 7,037 ✭✭✭✭✭
What is THE event where the USS America looks like the last moments of the Titanic?
Both were thought to be "unsinkable."
The USS America has already hit the iceberg. IMO, it was in 1971 when our dollar entered fiat status. We've been taking on water/debt ever since.
The roaring 1980's and 1990's can be compared to the lack of awareness the ship is taking on water, the musicians playing, drinking at the bar, and the upper crust looking bothered because the ship isn't moving but are packing their valuables.
The 2000 dot-com bust and ensuing RE bust 2005 reveal the first signs that the ship could take on a lot of water.
Passengers scurrying around the deck and lifeboats being dropped into the ocean could be akin to Lehman Brothers, TARP and the "Stimulus."
The Great Recession is (movie scene) where passengers in the lifeboats are watching the Titanic slowly sink from afar.
QE1 and QE2 could be where the Titanic's stern begins to go under.
Is the debt ceiling decision next spring where the ship breaks in two?
r95
Both were thought to be "unsinkable."
The USS America has already hit the iceberg. IMO, it was in 1971 when our dollar entered fiat status. We've been taking on water/debt ever since.
The roaring 1980's and 1990's can be compared to the lack of awareness the ship is taking on water, the musicians playing, drinking at the bar, and the upper crust looking bothered because the ship isn't moving but are packing their valuables.
The 2000 dot-com bust and ensuing RE bust 2005 reveal the first signs that the ship could take on a lot of water.
Passengers scurrying around the deck and lifeboats being dropped into the ocean could be akin to Lehman Brothers, TARP and the "Stimulus."
The Great Recession is (movie scene) where passengers in the lifeboats are watching the Titanic slowly sink from afar.
QE1 and QE2 could be where the Titanic's stern begins to go under.
Is the debt ceiling decision next spring where the ship breaks in two?
r95
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"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
Bush - protecting free market capitalism by suspending free market capitalism.
There, Frank - feel better?
I knew it would happen.
<< <i>Link >>
So RGCoinGuy, you don't think Spanish-speaking veterans deserve benefits? That vast majority of US government benefits go to white English speaking people, so it would you care to explain why you are offering the Spanish language version of the website as an example?
Or that each illegal alien costs over $70,000 more than they contribute to the system over a 30 year stay?
What should California hospitals do when they are unable to remain solvent enough to stay open because of it?
Frank, what do you propose California ought to do, and what do you suggest the rest of the US should do about California when they can't pay their public employees?
Just askin'.
I knew it would happen.
Box of 20
<< <i>Do you need documentation to know that LA is the 4th or 5th largest city of Mexican nationals in the world?
Or that each illegal alien costs over $70,000 more than they contribute to the system over a 30 year stay?
What should California hospitals do when they are unable to remain solvent enough to stay open because of it?
Frank, what do you propose California ought to do, and what do you suggest the rest of the US should do about California when they can't pay their public employees?
Just askin'. >>
Those concerns have nothing to do with showing a website for Spanish-speaking American citizens to get veterans and other
benefits that they are just as entitled to as English speaking citizens ...as an example of a problem...
Even worse, a metaphor shortage is looming. Stock up while you can!
My Adolph A. Weinman signature
I knew it would happen.
<< <i>
<< <i>Link >>
So RGCoinGuy, you don't think Spanish-speaking veterans deserve benefits? That vast majority of US government benefits go to white English speaking people, so it would you care to explain why you are offering the Spanish language version of the website as an example? >>
The problem in this country is we no longer have personal responsibility. Want to come to America? Don't worry, you don't need to learn our language, we will spend the money so you don't have to assimilate.
Government benefits should be a help back up, not a hand out to keep coming back for. Ninety Nine Weeks of unemployment, really?
It is time to pay the piper, BEFORE WE ARE THE TITANIC.
Box of 20
Quit your current job and go see how long it takes you to find a equal job for equal pay.
To every problem there are 2 sides to the fence. Don't judge a man unless you've walked in their shoes. JMHO
<< <i>All you blow hards bashing the unemployed. Here's a project for you.
Quit your current job and go see how long it takes you to find a equal job for equal pay.
To every problem there are 2 sides to the fence. Don't judge a man unless you've walked in their shoes. JMHO >>
I am not judging anyone, just America's overbloated entitlement system. We are broke, and cannot sustain it anymore.
I believe everything needs looked at to fix the problems we have gotten ourselves into, from military spending, to all the entitlement programs.
But if there was NO government handouts, would you just lay down and die, or use your American spirit to go out there and find a way to survive?
That being the case, those who work and struggle to pay their bills should have a large voice in how the fruits of their labors are spent. Yes, or No?
I knew it would happen.
We can blame entitlements, illegals, corporatism, etc., as the ship sinks to find the cause, it doesn't reverse the predicament. Stop funding the pork and we still sink. I think we have taken on too much.... Our debt and future liabilities are not payable in our children's lifetime.
So what happens after the final slide into the water. A reset? What does that look like?
Do we have a remnant to start over with?
r95
<< <i>All you blow hards bashing the unemployed. Here's a project for you.
Quit your current job and go see how long it takes you to find a equal job for equal pay.
To every problem there are 2 sides to the fence. Don't judge a man unless you've walked in their shoes. JMHO >>
So everyone else should be forced pay for people who don't work?
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>All you blow hards bashing the unemployed. Here's a project for you.
Quit your current job and go see how long it takes you to find a equal job for equal pay.
To every problem there are 2 sides to the fence. Don't judge a man unless you've walked in their shoes. JMHO >>
A) Who ever claimed that one should somehow be ENTITLED to find a new job for EQUAL PAY to the job they just lost? Where is that written?
If you lose your job, hey...im real sorry for ya. But its not MY responsibility to pay for YOUR food, clothing and shelter. If you lost your $75,000/yr job in a downsized economy, and can only find a $25k-$35k job to replace it, well guess what.....its time to change YOUR lifestyle......not time for me to change MY lifestyle!
2 years of couch surfing the internet for jobs on our dimes is ridiculous. Go deliver pizzas or something, can always find a restaraunt gig.
<< <i>After the 2001 .com bust I went from 70k down to about 18k for a good stretch just to get out of the house and help out the household. Killed all my savings, ALL of it, but I went out and did that junk instead of applying for unemployment or welfare or whatever so I didn't feel completely useless.
2 years of couch surfing the internet for jobs on our dimes is ridiculous. Go deliver pizzas or something, can always find a restaraunt gig. >>
Unfortunately there are too many Americans who would rather sit at home and collect government checks either because they feel too sorry for themselves, or as a scam of sorts in order to spend more time with their kids. Either way, I should NOT be forced to pay for it.
Beck was hosting one of his talking head shows on Sunday and they were going over this question. He had a lot of steps and stages that he put up on a white board in the order they were likely to occur based on the discussion of the people he had on the show. The parts that I caught (I missed the first part and didn't watch the whole thing because my grandchildren were demanding attention) were that food becomes incredibly expensive and hard to find then people want their cash from the banks then the banks and atm's go down then anarchy begins, the gov declares martial law then folk that are able to migrate from the urban areas and start small communities based on religion and common ideals and begin raising their own food. In effect, we start all over. Urban areas are mad maxed.
Government pays most, but business also pay into the kitty. How long can this be sustained. Its one thing if the gov't has the money, but it doesn't.
Beck was hosting one of his talking head shows on Sunday and they were going over this question. He had a lot of steps and stages that he put up on a white board in the order they were likely to occur based on the discussion of the people he had on the show. The parts that I caught (I missed the first part and didn't watch the whole thing because my grandchildren were demanding attention) were that food becomes incredibly expensive and hard to find then people want their cash from the banks then the banks and atm's go down then anarchy begins, the gov declares martial law then folk that are able to migrate from the urban areas and start small communities based on religion and common ideals and begin raising their own food. In effect, we start all over. Urban areas are mad maxed.
Guess it is a good thing if you know someone who owns a farm and is willing to take you in. Fuel will probably be unavailable so we would basically would be going back in time. Would you grow corn, etc to make ethanol to run your farm equipment?
Box of 20
<< <i>
<< <i>After the 2001 .com bust I went from 70k down to about 18k for a good stretch just to get out of the house and help out the household. Killed all my savings, ALL of it, but I went out and did that junk instead of applying for unemployment or welfare or whatever so I didn't feel completely useless.
2 years of couch surfing the internet for jobs on our dimes is ridiculous. Go deliver pizzas or something, can always find a restaraunt gig. >>
Unfortunately there are too many Americans who would rather sit at home and collect government checks either because they feel too sorry for themselves, or as a scam of sorts in order to spend more time with their kids. Either way, I should NOT be forced to pay for it. >>
I will never, EVER have a Starbucks coffee again. HA!
Forgot to mention, that 'stretch' was about 3.5 years, and I also w/o bankruptcy paid off 26k of credit card debt during. That beat down was mentally way worse than the underemployed aspect of things, but man those lumps can teach.
Everyone has answers and opinions but will/would you take the challenge?
My answer is you'd be CRAZY to in this economy
<< <i>"Quit your current job and go see how long it takes you to find a equal job for equal pay."
Everyone has answers and opinions but will/would you take the challenge?
My answer is you'd be CRAZY to in this economy
Nobody wants to lose their job. But if I were to lose my job, I certainly wont expect to be able to find equal pay. And I dont feel that im ENTITLED to automatically get a new job that paid as much as my previous. Why is it that you feel that you are entitled to this?
<< <i>"Quit your current job and go see how long it takes you to find a equal job for equal pay."
Everyone has answers and opinions but will/would you take the challenge?
My answer is you'd be CRAZY to in this economy
It's "fun" (well, not that fun, but forgive my poor dictionary) for me to see that I ran away from Italy and found out the in the US you have more or less the same problems we have. (unemployed people, public administration workers, unions, etc...)
Anyhow, Tim, I did change job 2 times in this economy. And note that I am italian and need a Visa to work in the US (which makes it even harder).
<< <i>What is THE event where the USS America looks like the last moments of the Titanic?
Both were thought to be "unsinkable."
The USS America has already hit the iceberg. IMO, it was in 1971 when our dollar entered fiat status. We've been taking on water/debt ever since.
The roaring 1980's and 1990's can be compared to the lack of awareness the ship is taking on water, the musicians playing, drinking at the bar, and the upper crust looking bothered because the ship isn't moving but are packing their valuables.
The 2000 dot-com bust and ensuing RE bust 2005 reveal the first signs that the ship could take on a lot of water.
Passengers scurrying around the deck and lifeboats being dropped into the ocean could be akin to Lehman Brothers, TARP and the "Stimulus."
The Great Recession is (movie scene) where passengers in the lifeboats are watching the Titanic slowly sink from afar.
QE1 and QE2 could be where the Titanic's stern begins to go under.
Is the debt ceiling decision next spring where the ship breaks in two?
r95 >>
I don't know about a specific event, but I like your analogy of the 80's and 90's. I was very aware from, say the late 70's that our industrial base was quickly being eroded. My ex was a mortgage broker at the time and I was always amazed at the shenanigans that went on to get people into a house they couldn't afford. Yes. the band was on deck playing.
<< <i>
<< <i>"Quit your current job and go see how long it takes you to find a equal job for equal pay."
Everyone has answers and opinions but will/would you take the challenge?
My answer is you'd be CRAZY to in this economy
Nobody wants to lose their job. But if I were to lose my job, I certainly wont expect to be able to find equal pay. And I dont feel that im ENTITLED to automatically get a new job that paid as much as my previous. Why is it that you feel that you are entitled to this? >>
You seem to keep twisting my question around to fit your answer. Now where did I say anything about being entitled to any thing.
My point was if you think it's so simple surely you should be able to lead by example and get every one back to work.
The world has been going down slowly ever since and is gathering momentum. FDR aimed for the icebergs,
LBJ put us on full throttle, and Reagan tied the wheel. The bankers have been looting the ship for the last
30 years and are ready to jump in the life boats after drowning the women and children.
It's been a heck of a ride going first class all the way.
MY GOLD TYPE SET https://pcgs.com/setregistry/type-sets/complete-type-sets/gold-type-set-12-piece-circulation-strikes-1839-1933/publishedset/321940
However I believe that gold will rise due to the nature of fiat itself ..not because we are about to witness America's demise any time soon.
The real problem is that China has no choice but to keep buying treasuries...they are as addicted to our comsuption as we are to debt.
You see in order for the US to lose its supremacy some one would have to take its place.
Europe wont do it ..they do not have the military might and they have way more entitlements, an again population and even worse imigrant issues ( would you rather have a mexican or muslim imigrant community? )
Russia is done ...
Japan is slowly dying ...
Brazil, India ...no
the middle east ..no ...same with latin america
So you have China ...and thats about it.
They might one day be the one that emerges as the top dog but they are not there yet ...they lack the banking know how, the scientific community and most importantly they dont yet believe it themselves.
So basically we are all sinking ...at various speeds.
Gold is the lighthouse
Groucho Marx
<< <i>Do you need documentation to know that LA is the 4th or 5th largest city of Mexican nationals in the world?
Or that each illegal alien costs over $70,000 more than they contribute to the system over a 30 year stay?
What should California hospitals do when they are unable to remain solvent enough to stay open because of it?
Frank, what do you propose California ought to do, and what do you suggest the rest of the US should do about California when they can't pay their public employees?
Just askin'. >>
Same questions about AZ, and what about the crime---you know, kidnapping and chopping off heads and the like?
<< <i>Nothing will ever get done, and nothing can be repaired until the finger pointing stops. >>
Or,
Nothing will ever get done, and nothing can be repaired until our government stops subsidizing those who chose not to work with money taken from those who do work.
<< <i>Gold is the lighthouse >>
Once minor change, One colossal difference:
God is the lighthouse.
<< <i>
<< <i>All you blow hards bashing the unemployed. Here's a project for you.
Quit your current job and go see how long it takes you to find a equal job for equal pay.
To every problem there are 2 sides to the fence. Don't judge a man unless you've walked in their shoes. JMHO >>
A) Who ever claimed that one should somehow be ENTITLED to find a new job for EQUAL PAY to the job they just lost? Where is that written?
If you lose your job, hey...im real sorry for ya. But its not MY responsibility to pay for YOUR food, clothing and shelter. If you lost your $75,000/yr job in a downsized economy, and can only find a $25k-$35k job to replace it, well guess what.....its time to change YOUR lifestyle......not time for me to change MY lifestyle! >>
I guess that means you're not a big fan of the current administration.
What the????
Getting people back to work does not mean paying them with my money!!!
Liberals love to give away other peoples' money.
As Margaret Thatcher said: "The problem with socialism is that eventually you run out of other people's money [to spend]."
Words to live by!!!
<< <i>Nothing will ever get done, and nothing can be repaired until the finger pointing stops. >>
It's ironic you post this right after I blame Freud for all our troubles.
Freud caused our problems by being understood to say people aren't responsible
for their actions. When the finger pointing stopped the gross incompetence and
genocide started. In the old days gross incompetence would at least get someone
fired and maybe run out of town on a rail after a good tar and feathering. (This was
usually fatal). Today the same stupidity will get you a promotion.
Nobody expects quality and no one will point fingers at the cause or take steps to
correct it.
The only thing that can save us is finger pointing. Why isn't everyone pointing at
our schools and screaming like something out of Invasion of the Body Snatchers?
Feel good policies are what got us into this mess.
Scream like a banchee or squeel like a pig.
And I hope the people who voted for gridlock realize what's ahead. I'll stop there before I have a caniption fit.
here's a song about it
<< <i>
<< <i>Gold is the lighthouse >>
Once minor change, One colossal difference:
God is the lighthouse. >>
I thought the exact same thing when I read the last sentence.
I had lost my job back in dec 08, after working 17yrs in the industry of manufactured housing. I had a good job with better than avg pay especially for my area. Well I started my B & M coin shop and did take unemployment benefits for about 6 months, even though i could have carried it for twice if not three times as long under this current regime. But I chose to stop accepting the unemployment. I have not looked back and am better financially than ever. The only set back I had was being robbed about 2 months ago, but everthing is back to normal pretty much now. Business is as good as it ever was.
Basically what I am getting too, is I have seen a lot of people that come in that have lost there jobs over this economy downturn ,and are really struggling to make it work and would literlly work anywhere if given a chance, but on the same token, i see"" many"" who have no care at finding a job at all, and just ride the unemployment/goverment assistance as far as they can.
I've contributed ~37 years to the U.S. work force. I'd give anything if I could go back..., nobody (that I know of) will hire someone who "cannot" be insured. Beyond that, I'm in a dangerously marginal situation when it comes to doing much at all with this busted neck, 0-duty per the doc in fact. It's all I can do to go to the store every couple of weeks or so.
Far too many who choose to milk our society's hard workers, will never understand job pride.
I miss being able to work, so much. Please don't confuse us with the lazy-types.
<< <i>Nothing will ever get done, and nothing can be repaired until the finger pointing stops
And I hope the people who voted for gridlock realize what's ahead. I'll stop there before I have a caniption fit.
Funny, I don't think anyone voted for gridlock. We just couldn't finish the regime change in one election cycle.
<< <i>I've got a broken neck that hasn't healed from an on-the-job injury and subsequent surgery, dating back years, caused by a federal co-worker.
I've contributed ~37 years to the U.S. work force. I'd give anything if I could go back..., nobody (that I know of) will hire someone who "cannot" be insured. Beyond that, I'm in a dangerously marginal situation when it comes to doing much at all with this busted neck, 0-duty per the doc in fact. It's all I can do to go to the store every couple of weeks or so.
Far too many who choose to milk our society's hard workers, will never understand job pride.
I miss being able to work, so much. Please don't confuse us with the lazy-types. >>
Exactly. There needs to be a safetly net. But 50% of our population should not be on the public dole in one way or another.
MY GOLD TYPE SET https://pcgs.com/setregistry/type-sets/complete-type-sets/gold-type-set-12-piece-circulation-strikes-1839-1933/publishedset/321940
Either a natural disaster, terrorist strike or another large war would probably do it, also if the Fed keeps adding QE every year that might do it as well.
Eventually it will happen though as we won't be able to grow our economy out of this mess, how long though may be beyond our lifetimes. At some point the US may break apart, I could see California wanting to break away and Texas, just like the Soviet Union broke apart. It seems impossible now but then nobody thought the Soviet Union would crumble. Even Alaska with all of their oil assets could want to dump the US. Hawaii even could as well, no more hula shows.
IN the future I expect Presidential dollars to trade for what today is a nickle or a dime, maybe even a penny. It could take a 100 years or 25 years but when all those Presidential dollars come out and start trading the end has arrived.