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Posted: 1/3/2024 12:43:04 PM EDT
[#1]
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Posted: 1/3/2024 12:43:39 PM EDT
[#2]
Quote HistoryQuoted: Zerohedge and well you you know  Massive fiscal deficits, central planning and socialism are good. These are the ideals that the country was founded on and what made America great. Subversive Russian propagandists like zero hedge are trying to fool Americans into believing that socialism and large deficits are unsustainable so we go back to a crappy free market capitalismt system which would make us weak and poor |
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Posted: 1/3/2024 12:49:17 PM EDT
[#3]
We are building up to a catastrophe that people will still be talking about in thousands of years.
Vanishing social programs, public and private debt, resource depletion, environmental degradation, diversity... It's going to last decades - if not longer - and it's going to be worse than anyone can imagine. None of our families will make it through unscathed. We've got 25 years, max. |
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Posted: 1/3/2024 12:49:19 PM EDT
[#4]
Quote HistoryQuoted: At this point there's nothing you can do about things out of your control. All you should just really do is prepare your own immediate friends/family and protect them, forget about obsessing over politics/economics that you can't do shit about. I stopped posting the same message because it seems like most people here have no plans to be sane or logical. |
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Posted: 1/3/2024 12:49:41 PM EDT
[#5]
There is no good end here. Our Republic will fall. While a noble experiment it ultimately is a failed one, because unearned universal suffrage combined with immigration is incompatible with stability. I would place more of the blame on re-distribution. |
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Posted: 1/3/2024 12:50:24 PM EDT
[#6]
Quote HistoryQuoted: The way we always do, with a War. Agreed, a big fat world war. Good thing we have plenty of fresh young men streaming across the boarder to conscript. These fine young men have the benefit of being raised in a harsh land. So they will acclimatize to the rigor of military life quickly. |
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Posted: 1/3/2024 12:53:41 PM EDT
[#7]
Eventually we will default...gonna be a bad day. Never should have had a central bank.
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Posted: 1/3/2024 12:54:32 PM EDT
[#8]
Quote HistoryQuoted: Russian propaganda Massive fiscal deficits, central planning and socialism are good. These are the ideals that the country was founded on and what made America great. Subversive Russian propagandists like zero hedge are trying to fool Americans into believing that socialism and large deficits are unsustainable so we go back to a crappy free market capitalismt system which would make us weak and poor Arfcom needs a "like" button. |
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Posted: 1/3/2024 12:56:40 PM EDT
[#9]
Make money.
Fuck bitches. |
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Posted: 1/3/2024 12:57:47 PM EDT
[#10]
Quote HistoryQuoted: Fixt. Lower tax rates increase economic activity which actually improves inflow to the treasury. Higher rates stifle economic activity. Either way, federal spending needs to be slashed dramatically. Quote HistoryQuoted: Quoted: Cut spending and Lower tax rates increase economic activity which actually improves inflow to the treasury. Higher rates stifle economic activity. Either way, federal spending needs to be slashed dramatically. The Laffer Curve is a curve, not a line. The last time we had a budget surplus was the late 90's. We've had three major tax cuts since then.  Non-defense discretionary spending is less than 15% of the budget.  To get things right we're going to have to cut things like Social Security, Medicare, and defense spending. But we also need to raise taxes. I don't remember the 1990s as having a crushing tax burden where everyone was living in poverty. How about going back to those tax rates, or something like it? I mean, everybody wants to Make America Great Again, so what were the tax rates like back when America was Great? Shit lot higher than under Bill Clinton. Maybe start there. |
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Posted: 1/3/2024 1:01:03 PM EDT
[#11]
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Posted: 1/3/2024 1:02:10 PM EDT
[#12]
War coming with Iran borders opened even wider...no film at 11
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Posted: 1/3/2024 1:03:35 PM EDT
[#13]
Our children were born into a game of musical chairs.
Eventually the music will stop. Spoiler: our government systematically steals chairs while we argue over music. |
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Posted: 1/3/2024 1:04:31 PM EDT
[#14]
Dont worry OP it will eventually come to a bad end, on purpose.
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Posted: 1/3/2024 1:05:30 PM EDT
[#15]
Quote HistoryQuoted: On the bright side, civil and social upheaval will probably take us out before we have a chance to collapse financially.  I've tried to envision some kind of middle ground the country can continue to ride on. Don't see it happening. I think our '24 election is going to be historic, for all the wrong reasons. Honestly I'm starting to believe that they're whipping up the unrest intentionally as a cover for the collapse, even though the current issues only have a tenuous connection to the problems that got us here. (There is little doubt that the new stuff going on greatly accelerates the timing of said collapse, though.) |
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Posted: 1/3/2024 1:15:21 PM EDT
[#16]
I don't remember the 1990s as having a crushing tax burden where everyone was living in poverty. How about going back to those tax rates, or something like it? I mean, everybody wants to Make America Great Again, so what were the tax rates like back when America was Great? Shit lot higher than under Bill Clinton. Maybe start there. Those 90s taxes were cap gains from the dotcom boom. America's glory days was the 1950s, when tax rates were high, (but almost every one else had their industry bombed). Again, tax rates are not tax revenues. Government needs to spend less, not tax more. |
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Posted: 1/3/2024 1:17:12 PM EDT
[#17]
So far, all preppers have got it wrong. And they've been at it so long, the food is expiring.
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Posted: 1/3/2024 1:19:57 PM EDT
[#18]
Quote HistoryQuoted: Cut spending and raise taxes. The problem with that is I already paid the taxes they asked for (mandated) under the promise (snicker) that if I paid X they would manage it. I paid X (and X and X and X) and they didn't manage it. I will accept a cut in spending and no new taxes. |
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Posted: 1/3/2024 1:40:28 PM EDT
[#19]
Quote HistoryQuoted: So far, all preppers have got it wrong. And they've been at it so long, the food is expiring. Most who are really serious about it rotate FIFO to minimize that. Our pantry is like a private grocery store that only stocks the stuff we like. 
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Posted: 1/3/2024 1:42:49 PM EDT
[#20]
Invest in tangible metals. Brass and lead.
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Posted: 1/3/2024 1:44:34 PM EDT
[#21]
https://thegreattaking.com/read-online-or-download Download the pdf and read. |
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Posted: 1/3/2024 1:45:07 PM EDT
[#22]
Americans are so stupid.
They re-elect the shit-for-brains that aren't happy spending the treasury of the wealthiest country in the world each year, they're spending DOUBLE their income and better. |
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Posted: 1/3/2024 2:19:37 PM EDT
[#23]
Quote HistoryQuoted: Americans are so stupid. They re-elect the shit-for-brains that aren't happy spending the treasury of the wealthiest country in the world each year, they're spending DOUBLE their income and better. Ha Ha Ha those idiots! 
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Posted: 1/3/2024 2:21:38 PM EDT
[#24]
Quote HistoryQuoted: At this point there's nothing you can do about things out of your control. All you should just really do is prepare your own immediate friends/family and protect them, forget about obsessing over politics/economics that you can't do shit about. Yep. Get your house in order |
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Posted: 1/3/2024 2:22:52 PM EDT
[#25]
Pffft
Just print more money. |
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Posted: 1/3/2024 2:25:11 PM EDT
[#26]
Quote HistoryQuoted: The Laffer Curve is a curve, not a line. The last time we had a budget surplus was the late 90's. We've had three major tax cuts since then. https://stats.areppim.com/ressources/us_recxoutxgdp_40x19_583x412.png Non-defense discretionary spending is less than 15% of the budget. https://www.pgpf.org/sites/default/files/0192_total_spending-full.gif To get things right we're going to have to cut things like Social Security, Medicare, and defense spending. But we also need to raise taxes. I don't remember the 1990s as having a crushing tax burden where everyone was living in poverty. How about going back to those tax rates, or something like it? I mean, everybody wants to Make America Great Again, so what were the tax rates like back when America was Great? Shit lot higher than under Bill Clinton. Maybe start there. Quote HistoryQuoted: Quoted: Quoted: Cut spending and Lower tax rates increase economic activity which actually improves inflow to the treasury. Higher rates stifle economic activity. Either way, federal spending needs to be slashed dramatically. The Laffer Curve is a curve, not a line. The last time we had a budget surplus was the late 90's. We've had three major tax cuts since then. https://stats.areppim.com/ressources/us_recxoutxgdp_40x19_583x412.png Non-defense discretionary spending is less than 15% of the budget. https://www.pgpf.org/sites/default/files/0192_total_spending-full.gif To get things right we're going to have to cut things like Social Security, Medicare, and defense spending. But we also need to raise taxes. I don't remember the 1990s as having a crushing tax burden where everyone was living in poverty. How about going back to those tax rates, or something like it? I mean, everybody wants to Make America Great Again, so what were the tax rates like back when America was Great? Shit lot higher than under Bill Clinton. Maybe start there. Yeah, I don't think so. We have record levels of taxes being collected by the Feds. We have a spending problem. Cut Social Seciruty and Medicare and the entire budget issue goes away. Hell, you'd have a surplus of $1T... the debt could be paid down in two generations. |
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Posted: 1/3/2024 2:26:11 PM EDT
[#27]
Someday it'll end badly.
But we realistically can't do anything about it... no one would be willing to do the needful. So it's squarely in the "I can't do a thing about it, so I'm not gonna worry about it" camp. I worry about things I have power over. I am already building my wealth as fast as I can... so what else can I do? Nothing. |
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Posted: 1/3/2024 2:30:09 PM EDT
[#28]
Nothing we can do at this point, because the politicians can not stop spending and the fed will just keep printing money and playing with the interest rates.
Just sit back enjoy life because eventually who knows when but eventually it will implode and take everyone else with us. |
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Posted: 1/3/2024 2:30:33 PM EDT
[#29]
ammo. you don't have enough ammo
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Posted: 1/3/2024 2:38:53 PM EDT
[#30]
I'm done caring. Right now it is all about socialist politics and no solution is possible. When the entitlements are gone a solution is possible. Right now no one in government is willing to even talk about it. Even the voters are dysfunctional.
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Posted: 1/3/2024 2:50:32 PM EDT
[#31]
Dupe.
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Posted: 1/3/2024 2:50:47 PM EDT
[#32]
Quote HistoryQuoted: We make nothing other than Apps. Our currency is increasingly worthless. Our military is increasingly a boutique force incapable of replacing any susbstantive losses. Our people deeply divided. Our leaders farther removed from their fellow citizens and increasingly closer to foreign interests. There is no good end here. Our Republic will fall. While a noble experiment it ultimately is a failed one, because unearned universal suffrage combined with immigration is incompatible with stability. If it was worthless no one would be able to use it. There is no such thing as "more worthless." Our leaders did not run for office to represent us. They throw us a little chicken feed now and then, but they all leave a lot richer than when they took office. Our Republic was always expected to fail if we got greedy and we are almost there. That was the safeguard. Our founders thought we would never let this happen. “A republic, if you can keep it.” --Benjamin Franklin's response to Elizabeth Willing Powel's question: "Well, Doctor, what have we got, a republic or a monarchy?" https://www.nps.gov/articles/000/constitutionalconvention-september17.htm#:~:text=%2D%2DBenjamin%20Franklin's%20response%20to,a%20republic%20or%20a%20monarchy%3F%22 |
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Posted: 1/3/2024 2:52:53 PM EDT
[#33]
Quote HistoryQuoted: Eventually all of us will be millionaires! Nothing bad about that! Who wouldn't want to smoke a $10,000 cigar? |
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Posted: 1/3/2024 2:53:53 PM EDT
[#34]
Quote HistoryQuoted: Eventually all of us will be millionaires! Nothing bad about that!  |
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Posted: 1/3/2024 2:56:03 PM EDT
[#35]
Between that, 50 million illegals , corrupt government, and fuck loads of FSA deadbeats, we’re totally fucked.
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Posted: 1/3/2024 2:59:40 PM EDT
[#36]
Quote HistoryQuoted: ........ But we also need to raise taxes. I don't remember the 1990s as having a crushing tax burden where everyone was living in poverty. How about going back to those tax rates, or something like it? I mean, everybody wants to Make America Great Again, so what were the tax rates like back when America was Great? Shit lot higher than under Bill Clinton. Maybe start there. Quote HistoryQuoted: Quoted: Quoted: Cut spending and Lower tax rates increase economic activity which actually improves inflow to the treasury. Higher rates stifle economic activity. Either way, federal spending needs to be slashed dramatically. ........ But we also need to raise taxes. I don't remember the 1990s as having a crushing tax burden where everyone was living in poverty. How about going back to those tax rates, or something like it? I mean, everybody wants to Make America Great Again, so what were the tax rates like back when America was Great? Shit lot higher than under Bill Clinton. Maybe start there. How about just getting the 50% of Americans that pay zero income tax pay their fair share? Those of us footing the bill are starting to get worn out. 
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Posted: 1/3/2024 3:01:53 PM EDT
[#37]
Wouldn’t it be crazy if a cyber attack came along and stripped us all of access to our banks. What if that same event ushered in a digital solar currency that wiped the slate clean. A refresh if you will. No mo cotton money.
The spending is going on unabated isn’t it, almost like it doesn’t matter. |
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Posted: 1/3/2024 3:13:45 PM EDT
[#38]
What do you mean? Things are better than ever, they even increased chocolate rations this month!
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Posted: 1/3/2024 3:19:02 PM EDT
[#39]
Quote HistoryQuoted: The way we always do, with a War. And a jubilee. Probably with a currency devaluation/replacement too. It's certainly an interesting time. |
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Posted: 1/3/2024 3:20:50 PM EDT
[#40]
Quote HistoryQuoted: lol, Zerohedge is literally Russian propaganda... ...rating this one troll So you refute the numbers? You have different numbers you want to provide the forum? |
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Posted: 1/3/2024 3:22:04 PM EDT
[#41]
Quote HistoryQuoted: What many do not understand is that every dollar the US govt spends that is not direct payments, is included in the GDP calculation. So when the fed creates new money and gives it to the treasury and the treasury spends it, the accounting result is an increase in GDP which looks like growth, but it isn’t growth. Without that extra 2 trillion dollars pumped into the GDP, the GDP negative growth would be worse than the Great Depression numbers. With that extra 2 trillion a year, the govt is propping up business, the stock and bond markets, jobs, and tithe economy in general. Without it employment would collapse, banking would collapse, consumer demand would collapse, and the economy in general would collapse. So they try to disarm us knowing what is coming while they steal a big nest egg for themselves and hope they get rich before the wheels come off the train. I need to get off my ass and actually do the calcs myself, but IIRC, if you remove .Gov spending from GDP, we've had multiple years on the last 25 of actual serious contraction. Hard to tell when how you measure what a dollar is, and what it's actually worth, has been debased and corrupted since .Gov economists realized no one would punish them for doing so. |
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Posted: 1/3/2024 3:30:33 PM EDT
[#42]
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Posted: 1/3/2024 3:34:13 PM EDT
[#43]
Quote HistoryQuoted: All fiat currencies eventually fail Yep. That’s the good news though. You see eventually we’ll hit hyper inflation and then we’ll have to exchange our current dollars for the new thing. I’m the guessing the ratio will be around 5:1 exchange rate. Then we get to do it all over again for a couple of generations Rinse and repeat. |
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Posted: 1/3/2024 3:35:32 PM EDT
[#44]
As long as they don't run out of printer ink we'll be fine.
And even if we do, they'll just force the conversion to one's and zeros. We'll never run out of those. It's a similar theory to when your wife tells you that you can't be out of money because she still has blank checks left. |
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Posted: 1/3/2024 3:37:08 PM EDT
[#45]
Quote HistoryThey're going to move to a digital currency before things get that bad. |
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Posted: 1/3/2024 3:39:34 PM EDT
[#46]
Quote HistoryQuoted: If you crop out "Zerohedge" logo is it any less factual...? Quote HistoryQuoted: Quoted: lol, Zerohedge is literally Russian propaganda... ...rating this one troll If you crop out "Zerohedge" logo is it any less factual...? Sir, I'm over here shitposting about the apparent source... ...not commenting on the validity of the material |
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Posted: 1/3/2024 3:40:17 PM EDT
[#47]
Quote HistoryQuoted: Zerohedge and well you you know Point made^... |
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Posted: 1/3/2024 3:41:48 PM EDT
[#48]
Quote HistoryQuoted: We are building up to a catastrophe that people will still be talking about in thousands of years. Vanishing social programs, public and private debt, resource depletion, environmental degradation, diversity... It's going to last decades - if not longer - and it's going to be worse than anyone can imagine. None of our families will make it through unscathed. We've got 25 years, max. I don't disagree. They'll go digital before that allowing a much different level of manipulation. AI will do most of the "busy work" and a lot of people will just have to deal with their minimum income plan unless they're the silver people protecting the gold people. For everything else there's third worlders who strangely seem to be coming in by quite a bit lately...short term, keep wages lower and keep the ho polloi focused on "unsolvable" issues. Long term easily influenced lower classes to cudgel what little remains of the middle class into submission for the oligarchs. Good news is, this is still the USA and it won't be as easy as they hope. |
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Posted: 1/3/2024 3:43:05 PM EDT
[#49]
Quote HistoryQuoted: Is the graph accurate? This seems to say the same thing Unless you think that's propaganda, too? PS - $211 Trillion in unfunded liabilities. For a population of 330 million, that's $640,000 for every human being in the country. Quote HistoryQuoted: Quoted: lol, Zerohedge is literally Russian propaganda... ...rating this one troll Quoted: Zerohedge and well you you know Is the graph accurate? This seems to say the same thing Unless you think that's propaganda, too? PS - $211 Trillion in unfunded liabilities. For a population of 330 million, that's $640,000 for every human being in the country. No doubt, we're fucked... |
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Posted: 1/3/2024 3:46:49 PM EDT
[#50]
Interest payments already exceed defense spending. What can possibly go wrong?
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