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I'm in the same boat. My property taxes keep going up, and my car insurance is ridiculous. By year's end, I'm outta here. Probably going to Pennsylvania.

Greeks have longer lifespans than Americans and Brits. You may question the stats, but I would agree with the stat based on my own observations thru friends and family there and here in the US. Why is this? While yes, many of their hospitals may not rival those at bigger US cities (not...

I think that's why Pension funds got cozy with Private Equity and Big Banks' riskier products. Many of these endeavors ultimately failed. But why did Pensions take this risk? Out of desperation. Deep down, they know it's a Ponzi and they try like hell to keep it going.

Compound what? I think people need to understand the concept of exponential growth. If something needs to grow, like say, a Pension Fund, 8% per year forever, do you know what that means? It means that it will basically DOUBLE every 8.75 years. Chart that kind of growth and you will see...

I'm a resident of New Jersey, which means that my property taxes double every decade or so. Sales tax too, keeps going up... Why is this? Our governor recently gave a speech to the State Legislature in Trenton...

I don't agree with most of the demands made by the greek farmers and gov't workers. And I don't condone destructive rioting either. Smashing store windows accomplishes nothing. But you know what? Our Wall Street banksters would have never gotten away with what they did if they were in...

More ignorance... Albania is Greece's Mexico. Albanian migrant workers are found in construction and on farms picking produce. But they too, are leaving Greece much like the Mexicans in the US. This is global. But you're the typical brainwashed tool that thinks the rest of the world...

Typical Greek City? I've visited Greece 14 times since the 1970s. Been to England too. You don't know what the fuck you're talking about. If Greece is so horrific and backwards, why the hell do I always see English Pensioners ditching the UK and moving to Greece? I am Greek American...

You don't get it. Our economy is based on debt.

No worries about tearing it down. If you haven't noticed, it's collapsing (slow motion mostly, at other times fast) on its own. And something new will emerge. That's when we have to roll up our sleeves and make sure it's an equitable and sustainable system.

Fine, I respect that. But for those that are following up on our exchange as well as my points made to scriabinop, I will post a chart that describes my point. The system feeds on fiscal and monetary expansion. Without it, our gdp collapses immediately. But continuing it, delays the...

First off - my goal was to find where Erin got that 80% figure - right or wrong on Erin's part. It was not a mistake on her part, she did not make it up either. Obviously, it was from Bill Gross. And I'm assuming the other participants of that discussion assumed the same - none questioned...

a. I was not trying to be original with my currency call - just outrageous. It's outrageous (not to me, btw) because the conventional wisdom is that we'll continue to service our debt and entitlements as they come due and it will be business as usual... nothing to see here, just a bump in the...

I know you're being half serious - but there's truth to what you say. The banks control the Senate and the Presidency - they are central bodies that control a large portion of the country. The House of Representatives has 435 members - kind of difficult to control as opposed to the 100 member...

This is an interesting development. By a vote of 65-0, the New Mexico State Legislature voted to move some $2-5 Billion in state funds from big banks to smaller local banks and credit Unions. Governor Richardson supports this bill. Will more states follow...

The Socialists are not too different from the conservatives in Greece. The current Socialist administration is relatively new, and ironically, won the election based on socialist ideals like raising salaries for public sector employees. LOL Then they looked at the books from the prior...

"There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion or later as a final and total catastrophe of the currency system...

We should have had a deflationary collapse (mini depression) in 1987. It's too late. A deflationary depression now would be extremely severe and we will always have people second guessing not taking the inflationary solution approach. No politician wants that. Better to keep the game going...

If they don't print, they have an immediate deflationary collapse. They prefer a hyperinflationary collapse 5 yrs or so from now than a deflationary collapse today. If you were in charge, wouldn't you do the same thing?

Do you really think they bought 30 yr paper? At 4.5%? LOL I'll make an outrageous statement: Upon maturity, today's 30 yr USTs will not be redeemed with dollars, if they are redeemed at all. There will be a new monetary system. The current one is at the end of its lifecycle. Few...