Peter Schiff: Greece better of than the US

[Debaser82]

Quote from achilles28:

Yea, I think you're right. Also, a similar theme outlined in Confessions of an Economic Hitman (how the IMF plunders third world countries through indebtedness > debasement > then consolidates assets for pennies on the dollar). The same folks that brought down Africa, Iceland and Greece, now have their sights on America&Europe. At it's crux, yes, I believe it's a political takedown of America. Economic warfare to usher in some type of social-fascist Dictatorship. Throw in a couple false flag terror attacks, and you and me will be dining together in gitmo, old buddy. Or worse

It's probably never been different. And people in the west mostly didnt care.

Untill the rifle is pointed at them. And then they want to talk moral.

 

[subban]

No, but we do it in a more subtle way. CIA manipulations of thrid world governments where we put in our own puppet dicators so that they give US favorable trade agreements and make sure US businesses in that third world country have no local business competition.

 

[subban]

Quote from Scataphagos:

America could "take over" lots of countries and their resources, but has not been our way.

I meant my post above regarding this quote.

 

[jueco2005]

Quote from subban:

No, but we do it in a more subtle way. CIA manipulations of third world governments where we put in our own puppet dictators so that they give US favorable trade agreements and make sure US businesses in that third world country have no local business competition.

Such words are too dangerous. Careful with what you say. Exercising the first amendment is not without cost.

 

[achilles28]

Quote from Debaser82:

It's probably never been different. And people in the west mostly didnt care.

Untill the rifle is pointed at them. And then they want to talk moral.

I agree. All this crap happened on the Boomers watch (present company not included). Most of them stood down, took a laissez faire attitude towards Government, ran up the credit card, and plead blissful ignorance when it came time to exercise their fiduciary-civil duty and impose restraint. I'm 32. Only until about 2 years ago did I really get a hold on the situation. We're so late in the ballgame, nothing short of a miracle can pull this one out. The time to flush the system was 1987. 1987.! Can you believe it?? Now, we're just blowing in the wind. There's nothing that can stop this now. Everything is just half measures and desperation to buy time. Looking back, Paulson was right. If they didn't prop the system, it would have been a Great Depression. But it would have been much better than, than now with 50% more debt load and 10 years of wages ploughed into a market and real estate that won't make it through.

 

[Scataphagos]

Quote from achilles28:

"... If they didn't prop the system, it would have been a Great Depression. But it would have been much better than, than now with 50% more debt load and 10 years of wages ploughed into a market and real estate that won't make it through.

Correctamundo! However "allowing THINGS to adjust to fair value and reset" is politically unthinkable.

Recessions/Depression are CLEANSING... offsetting the evils of inflationary policies.... AND... declines, even depressions, are healthful and beneficial.... their pain is temporary.

Inflation = "Destroyer of Worlds"...

 

[achilles28]

Quote from Scataphagos:

Correctamundo! However "allowing THINGS to adjust to fair value and reset" is politically unthinkable.

Recessions/Depression are CLEANSING... offsetting the evils of inflationary policies.... AND... declines, even depressions, are healthful and beneficial.... their pain is temporary.

Inflation = "Destroyer of Worlds"...

Yep. I agree 10,000%. Inflation destroys wealth and capital. Depressions flush out the over-leveraged and foolish. Imo, it's doable. Tax revenues would dry up and entitlements go out the window. But that's gonna happen in either scenario. Better now than later. Even debt service during a severe contraction is alright = deflationary = low rollover cost. I think if Washington devoted 1.5 Trillion pa for unemployment benefits and SS, then cut everything else by 70%, it's workable without civil revolt. The 30% unemployed still get fed, we take our beatings, then recover. The elderly and sick would feel it. Not sure it's possible to keep both the Country fed AND provide 100% medicare coverage.

 

[subban]

Quote from jueco2005:

Such words are too dangerous. Careful with what you say. Exercising the first amendment is not without cost.

What is that supposed to mean. Its the truth and reality. I really can't complain, US interests are being secured all throughout the world. Every country does it. Except when we do it since we are the 800 pound gorilla our actions have more ramifications on a global level.

Everyone now is soo anti Obama and Obama did this and that with all the tea parties. What most people don't realize is that no matter who the politician it is a rigged game. The politician owes his allegiance to big business men. They are the ones who pull the strings. This Obama is such a farce. He has put in 30000 more troops in Afgahnistan. He closes gitmo but he keeps CIA torture rendition plane flights to Eastern Europe still going. Obama is no different than Bush.

 

[Kassz007]

Quote from achilles28:

Yep. I agree 10,000%. Inflation destroys wealth and capital. Depressions flush out the over-leveraged and foolish. Imo, it's doable. Tax revenues would dry up and entitlements go out the window. But that's gonna happen in either scenario. Better now than later. Even debt service during a severe contraction is alright = deflationary = low rollover cost. I think if Washington devoted 1.5 Trillion pa for unemployment benefits and SS, then cut everything else by 70%, it's workable without civil revolt. The 30% unemployed still get fed, we take our beatings, then recover. The elderly and sick would feel it. Not sure it's possible to keep both the Country fed AND provide 100% medicare coverage.

I am not sure I totally agree with you. Especially about your comment "better now than later". Why is that? Is the idea to reset now and somehow everything will be rosy afterwards?

Deflation would virtually mean economic activity would come to a standstill as all lending would cease. Also, it would mean 100% certain USA default. At least with inflation, the USA has a chance to pay back creditors. Yes, those holding cash or bonds get fucked, but proper portfolio planning can avert or at least minimalize the destruction in your savings.

 

[Filenotfound]

Quote from subban:

Everyone now is soo anti Obama and Obama did this and that with all the tea parties. What most people don't realize is that no matter who the politician it is a rigged game. The politician owes his allegiance to big business men. They are the ones who pull the strings. This Obama is such a farce. He has put in 30000 more troops in Afgahnistan. He closes gitmo but he keeps CIA torture rendition plane flights to Eastern Europe still going. Obama is no different than Bush.

It's really quite scary how many people fail to see this. It's a great strategy though; keep the people polorized and bickering amongst each other. The real threat to the puppetmasters is the people uniting and saying enough is enough. But we are all too comfy running up our credit card bill on crap we think will make us happy and watching American idol that we aren't really interested in taking a glimpse at the big picture. And I can't say I blame "us", it's really quite frightening.

You gotta keep em seperated!