But of Course

2011 April 13
tags: ,
by drdog09

An interesting piece over at RightWingNews. Excerpts provided here but go read the whole thing here. —

1) Your life savings could be reduced to nothing almost overnight. Inflation is a fact of life. Thomas Sowell has noted, “As of 1998, a $100 bill would not buy as much as a $20 bill would buy in the 1960′s.” That’s under normal circumstances.

2) Your taxes will skyrocket. We’ve been conned into thinking that we can fund a massive government on the backs of the rich. This is simply not so. It’s not working today and it’s not going to happen in the future. We cannot tax the rich enough to pay off our debt or even enough to keep the government going long-term. Even if we could, the rich have the resources to flee the country for greener pastures if they’re being taxed into oblivion. The middle class? Not so much.

3) Your life could be in danger. If the government goes bankrupt, you’ll have an extremely angry, confused, and frustrated populace that has little faith in its leaders — combined with a horrific economy and a reduced ability of the government to keep order. Under those circumstances, widespread rioting and violent crime seem entirely plausible.

4) Your payments from the government will dramatically decrease or stop altogether. Contrary to what some people believe, Medicare and Social Security are paid out of the same fund that pays for everything else. In other words, if the government goes bankrupt, there is no money set aside to pay for these programs. So, if you’re receiving Social Security, Medicare, welfare, food stamps, or any other similar programs, those checks could stop or be slashed down to nothing. That seems unthinkable to people, but if the government doesn’t have any money, then it can’t pay it out to people. As they say, “You can’t get blood out of a turnip.”

5) You will have a dramatically reduced standard of living. If taxes and inflation escalate dramatically, both of which are very likely if we go bankrupt, economic activity will slow to a crawl and we’ll go into a depression. We’re not talking about a “This is the worst economy since the Depression” situation that we hear every time there’s a mild downturn in the economy; we’re talking about a REAL depression. Businesses will close left and right, the stock market will tank, unemployment will soar to heights not seen since the thirties, and the government won’t be in a position to help very much.

That is why I keep saying —

A) Be flexible with what currency you hold.
B) Hold a certain percentage of monies in commodities NOT in retirement accounts.
C) Hold a chunk of land that if you really really had to you could grow food.
D) Have an escape plan if you live in or around a city.

The Government is going to act like a dying star. Getting larger and more rapicious right to the point that it pops.

Plan on it.

8 Responses leave one →
  1. 2011 April 13 7:54 pm
    justrand permalink

    please watch…and pass it on!

  2. 2011 April 13 7:59 pm
    justrand permalink

    and heck, ya might as well watch this one too (though it’s less fun)

    Krauthammer can be a pain sometimes…but calling Obama speech a “disgrace”…priceless, and spot on!

  3. 2011 April 13 8:43 pm
    gnqanq permalink

    Going to bed, late here. Good night good people.

    As I have been saying for some time – “Beans & Bullets”. Not too late but the time is coming that it will be. Also, get to know like minded people in your area that you really know, your life may depend on it.

  4. 2011 April 13 8:43 pm
    drdog09 permalink

    Both great vids JR.

  5. 2011 April 13 9:05 pm
    drdog09 permalink

    Interesting audio exchange between Levin and Ryan — http://marklevinshow.com/Article.asp?id=2160890&spid=32364

  6. 2011 April 14 5:03 am
    drdog09 permalink

    Obama is underwater in every economic class polled — http://www.cnsnews.com/news/article/gallup-obama-s-approval-drops-below-50-p

  7. 2011 April 14 6:59 am
    JustMary permalink

    That first video is indeed something I have read repeatedly. No matter, liberals do not care for such silly analogies. They’d rather keep frothing at the mouth over the rich.

  8. 2011 April 14 7:09 am
    JustMary permalink

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