The U.S. Deficit: Reining In The Beast

Just watched The Union today. Makes me REALLY think that it's time to Legalize marijuana and start growing hemp for industrial use. Regulate and tax it. Stop wasting money on tracking down and arresting pot deals. Use that money in other places.

I'm not even a pot head. But it's just dumb that we waste so much money on something that's harmless compared to Tobacco and Alcohol..
 


I'm not sure how smart it is to focus on stockpiling gold or silver for that fateful day when the crap hits the fan.

In the aftermath of 9/11 and hurricane Katrina, I didn't see or hear a single story of anybody running around with some G or S trying to buy stuff.

What I did see and hear about was an awful lot of people who would've freely given body parts for a couple bottles of clean water, a can of beans and a way to open'em.

As for weapons, is there ever a time not to have one handy?

David
 
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dmcloser1 said:
I'm not sure how smart it is to focus on stockpiling gold or silver for that fateful day when the crap hits the fan.

In the aftermath of 9/11 and hurricane Katrina, I didn't see or hear a single story of anybody running around with some G or S trying to buy stuff.

What I did see and hear about was an awful lot of people who would've freely given body parts for a couple bottles of clean water, a can of beans and a way to open'em.

As for weapons, is there ever a time not to have one handy?

David
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September 2001: Gold = $275/oz.
July 2010: Gold = $1200/oz.

Imagine a massive drop in dollar valuation. the purchasing power of the dollar rapidly drops against other currencies. Imports, which our country now rely on more than ever, become more expensive and drive commodity prices up. Things suddenly become five, ten, or a hundred times more expensive. This is essentially hyperinflation.

So you buy gold for $x. Rapid inflation hits and prices multiply. Precious metals soar because it now requires more weakass dollars to buy everyday items. But you bought your gold before the dollar tanked. So now you can sell your gold for $10x while others are left holding their worthless paper money or worse, watching their fake Wall Street digi-dollars vanish into thin air.

And if you want a bottle of water, or anything else, you'll be able to get it if you have a lump of real coin in your pocket.

Gold is a fail safe. It preserves wealth. It's worked for like 6,000 years. There is every reason to have at least some gold.
 
conv3rsion said:
^^^^

start closing bases all over the world watch how much money we save.

People who think its all the welfare moms who are bringing us down have never looked at the pie chart.
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while defense is 23%, Social Security and Medicare/Medicaid together are close to 40%, so these programs really do outweigh defense by a large margin. do I want to end the wars and bring troops home, close bases etc? of course, but don't ignore how huge these social programs really are. These don't even include veterans benefits. Note that Social Security also includes Disability, one of the most highly abused social programs in the country.

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Cutting the military and the rest of our defenses during the Clinton years is what helped usher in 9-11. It costs way more to build up than it does to maintain.

There's a reason why we have a big military. And every time we make cuts we find out why.
 
Bummer for all of us (and our kids)...

Financial Regulation Bill: Federal Reserve Wins Greater Role in Overhaul - WSJ.com

Excerpt...

This isn't the first time Congress has expanded the Fed's role. After the Great Depression, it passed the Employment Act in 1946, charging the Fed with averting the huge unemployment seen in the 1930s. After the double-digit inflation of the 1970s, the Fed was formally given a dual mandate of promoting both price stability and maximum sustainable employment. In the wake of the latest financial crisis, the Fed is effectively being told to add the maintenance of financial stability to its responsibilities.
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GreeLee said:
Cutting the military and the rest of our defenses during the Clinton years is what helped usher in 9-11. It costs way more to build up than it does to maintain.

There's a reason why we have a big military. And every time we make cuts we find out why.
Click to expand...


I think thats EXACTLY what they want you to believe.

Yet, after years of reinforcing our military power we cant find a dude in a cave. It seems to me that:
A) It is better we never find him
B) ther eis nothing to be found in the first place
 
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