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Peter Schiff said inflation could be around 30%. What does that look like? How long will that last?

Submitted by ShannonOBrien on Tue, 10/14/2008 - 08:00

Daily Paul Liberty Forum

Calling all amateur financial crisis gurus!

Just wait until this kicks in

Submitted by jons on Thu, 10/16/2008 - 08:08.

By MARTIN CRUTSINGER

WASHINGTON (AP) - Social Security benefits for 50 million people are expected to go up next year by the largest amount in more than a quarter-century.

The new cost-of-living increase, to be announced Thursday by the Social Security Administration, is expected to be above 5.5 percent. That would make it the largest increase since a 7.4 percent jump in 1982. The increase for 2008 was 2.3 percent.

A 5.5 percent increase would mean about $60 a month more for the average retiree. Even with the gain, the fatter Social Security check still may seem puny to millions of retirees battered this year by huge increases in energy and food costs. They've also watched helplessly as their retirement savings have been assaulted by the biggest upheavals on Wall Street in seven decades.

http://apnews.myway.com/article/20081016/D93RHK8O0.html

Here are the figures:

Submitted by truthsanityalways on Wed, 10/15/2008 - 23:19.

What is $1 today will be -
$1.3 in 1 year
$1.69 in year 2
$2.19 in year 3
$2.85 in year 4
$3.71 in year 5

For wages to keep up -
If you make $40,000 today,
You will make 52,000 at year 1
67,600 at year 2
$87,880 at year 3
$114,244 at year 4
$148,517 at year 5

Fat chance! And we're already hearing of people HAPPY to take pay cuts ... happy they still have a job.

That is impossible

Submitted by jzneff on Thu, 10/16/2008 - 07:13.

It is literally impossible for this to occur. You cannot have runaway inflation if people are taking pay cuts. It does not work that way.

For inflation to take off, you need price increases along with wage increases. If you have only price increases, that's a recession or worse, not runaway inflation. Inflation is very self limiting that way.

I think what you're waiting for is stagflation, which may someday show up if the fed keeps dumping money on the problem. But right now we are not experiencing stagflation, it is a deflationary recession.

The job outlook is far too weak for anyone to be anticipating stagflation. If prices go up, people will buy less, which will cause demand to fall, which in turn will cause prices to fall. Commodity prices have fallen off the map since July, due to a lower demand outlook. They will not go back up until demand does, and demand will not go back up until wages increase. Wages will not increase until the credit market improves, and the credit market will not improve until home values improve.

We are stuck in a deflationary recession until one of two things happen. Either the fed will piss enough money on the problem that it will kill the deflation, or the problems will naturally fix themselves because commodities, homes, and everything else will become inexpensive enough to meet declining personal income.

Everything that has occured in the past 4-5 months points towards deflation. Crude, silver, and many other commodities have dropped at record rates. Homes are cheaper. Wages are falling. The dollar buys more international currencies. People are saving more and spending less. Banks are starving for capital. Lending is getting tighter.

This is a deflationary recession. How we react will determine the next step.

—

What do you think about the war on drugs?
How about Operation Wall Street?
Shout it today!

http://www.youshouts.com/index.php

Since wages will not rise as fast as prices

Submitted by McClarinJ on Wed, 10/15/2008 - 17:15.

there will be a public sentiment for price controls and politicians to quickly respond to the new constituency. What is price-controlled will then become scarce and rationed by government (people waiting in long lines to get much less than they want) and many of the jobs producing whatever is price-controlled will disappear. There will be no savings. Banks will suffer, go out of business. Credit will be difficult and very costly to obtain. The price of gold and silver will rise markedly above the inflation rate as people seek assets more liquid than consumer items.

On a personal level, budgeting will be difficult because the inflation rate itself will fluctuate and you won't be able to expect monthly raises to keep pace with inflation and won't have a basis for comparing costs with income. All loans will have adjustable rates and probably greater collateral required.

On the bright side, interest rates will not remain at 30% for long. Well, maybe that's not such a bright side. Maybe you would like to ask what 40%, 50%, or 60% looks like.

—

New Hampshire and Ecuador

It looks like lots of beans and rice on Americans' menus

Submitted by RonPauler on Wed, 10/15/2008 - 16:51.

and potential starvation in the third world as the price of those things spike. I just hope governments stay out of it enough to prevent more shortages, especially considering additional rice can be cultivated in larger quantities immediately, alleviating much of the problem.

We're already stretched to the limit here and I'll have to give up my SAHM status to pay for necessities as things are now, muchless when price increase more (we did go into extra debt a couple weeks ago anticipating inflation to stock up on food - it just had to happen, I can't say it was a good idea, just better than the alternative).

Tomorrow, pink slips go out in my husband's department. We don't know how that will go for us, but it definitely means that old line about wages going up with inflation is ancient history even if he doesn't get the slip.

—

Defend Liberty!

I was in Buenos Aires Argentina after the monetary collapse.

Submitted by Citizendave on Wed, 10/15/2008 - 15:37.

Before I tell you, I want you to know a few things about Buenos Aires.
It's a 150 year old white European city patterned after Paris and populated with light eyed honkies that spoke Spanish but sound like Italians from 30 feet away. No black people. I was there in a city of 13 million and didn't see a black person for the first 3 days. There are a few hispanics, maybe 3%. Very well educated. Established infrastructure. Very civilized.

Unemployment at 40% gets you:
No fat people.
A lot of quick change artists and pickpockets.
180 kidnappings of foriegners in B/A that summer caused my Porteno' friends to not want me to open up my Gringo mouth in public for fear of kidnapping. I dressed down the whole time I was there and wore no jewelry.
Transactions are made with bank tellers on scraps of paper, not out loud so people nearby can't tell what you're doing. Money is in envelopes and the tellers count the money secretly. The exchange rate is confirmed before anybody does anything as it changed daily.
All the grass is trampled to death. The picture in my mind to describe the effects of a devalued currency was:

thousands of idle people sitting on the hard packed dirt ground in what used to be a grassy park, staring at an empty concrete pond with no water in it.

Children were begging and selling used pencils and pens. You'd walk down Florida Street and hundreds of people would be standing against the walls holding a handful of gum or cigarettes for sale.
Buildings are crumbling everywhere.
The whole country blames the US for the monetary collapse, and they are half right as the US pushed a huge loan on them which inflated the economy and then they couldn't pay it back. The Argentine government was solid with corruption. As I recall, Argentina used to be the sixth largest economy in the world and now I'd be surprised if it was in the top 20.

After people put out their garbage at night, the Cartoneros would come around and empty all your garbage cans out on the sidewalk and separate the recyclables, put what they didn't want neatly back in the cans for the city to pick up at 2 am. That's the welfare program.

My hotel room was on the top 18th floor of the Plaza Hotel and it was one of only two rooms on the floor. Other hotel rooms I've been in would fit in the bathroom It was the most beautiful hotel room I've ever seen except in movies and it was $65 US dollars a night for a week. There was an outside patio alongside my room big enough to land a helicopter on. There were demonstrations down Corrientes Blvd in front of the hotel and soldiers would guard the front until the marchers went by. I asked them to unlock the front door and went out to see what the march was about and walked from the rear of about 200 people to the front of the marchers until I saw the banner which had the sickle and hammer on it and I got right out of there, before somebody saw me. Mom would not be happy to see her paleolibertarian kid marching in a Commy parade.

It's a neat place anyway. I want to go back. It's much more exciting than here. The nightlife is awesome, the Tango girls beautiful and healthy, ahhhh.

Of course I was there with a pocketful of money people valued....

—

"Timid men prefer the calm of despotism to the tempestuous sea of liberty" TJ

"After people put out their

Submitted by Kevin Tuma on Wed, 10/15/2008 - 16:32.

"After people put out their garbage at night, the Cartoneros would come around and empty all your garbage cans out on the sidewalk and separate the recyclables, put what they didn't want neatly back in the cans for the city to pick up at 2 am. That's the welfare program."

Too bad we can't adopt that sort of welfare program here.

SUPPORT OUR FOUNDERS' AMERICA
Support the Constitution of the United States

—

SUPPORT OUR FOUNDERS' AMERICA
Support the Constitution of the United States

I was there last December

Submitted by midwest_rpfan on Wed, 10/15/2008 - 16:13.

You described it pretty well, but today much more civilized. I had no idea what had happened there 7 years ago until my friend and her roommates told me. After hearing the story, I could suddenly feel and sense the people recovering from what happened. Florida street was somewhat busy and people were always there to help you and make a sale. They loved seeing tourists and everyone was very friendly. They love their country and yes, don't care for Americans. There are areas where people are still very poor. The worst part is hearing about how their government has sold them out. Now I fear this happening to us. But we are all so different and I don't see us coming together to make things work.

Steve Miller for Congress 2008
Illinois District 7 (includes Chicago Loop west to Oak Park)
http://www.millerforcongress2008.com/

For now: deflation

Submitted by jeff34761 on Wed, 10/15/2008 - 08:42.

Wholesale prices drop for second straight month

WASHINGTON - Wholesale prices fell for the second straight month in September, driven by a sharp drop in energy costs, the Labor Department said Wednesday.
http://news.yahoo.com/s/ap/20081015/ap_on_bi_ge/wholesale_pr...

Oil price slides below $72 to 13-month low

The price of oil slumped below 72 dollars on Wednesday, its lowest level for more than 13 months, as recession fears raised concerns about a prolonged drop in energy demand, analysts said.

The global financial crisis will give a vicious twist to an economic slowdown and is hitting world demand for oil, although the effect on emerging economies is unclear, OPEC said on Wednesday.
http://www.breitbart.com/article.php?id=081015121543.ct10v95...

Caused by the liquidity

Submitted by Kevin Tuma on Wed, 10/15/2008 - 16:45.

Caused by the liquidity crisis and the banks.

Not permanent by any stretch of the imagination. My advice: Run out and buy food NOW.

SUPPORT OUR FOUNDERS' AMERICA
Support the Constitution of the United States

—

SUPPORT OUR FOUNDERS' AMERICA
Support the Constitution of the United States

back to the past for the truth

Submitted by POW on Tue, 10/14/2008 - 16:51.

I understand your mathmatics...You must understand that no matter the adjustments ,SUPPLY & DEMAND still rule the markets reguardless of the time we live in .....People want something ;then the other things suffer...YOU want CREDIT then something suffers You want GOV'T benefits then something else suffers ...SIMPLE, LOGIC, FACT..ALL of life is a trade off....UNLESS there is an unlimited supply of something or it is no longer needed, wanted.
weee

Picture Argentina on steroids.

Submitted by sentinel on Tue, 10/14/2008 - 15:54.

~Mikael / Peace, love, Light and unity ~

—

~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Stop the NWO....It's just illumi..Naughty !

Jim Sinclair - now

Submitted by Lysa on Tue, 10/14/2008 - 14:30.

Posted On: Tuesday, October 14, 2008, 2:06:00 PM EST

Answers To The Deluge Of Today's Questions

Author: Jim Sinclair

Dear Friends,

To answer the deluge of question today breaking over me like Hurricane Katrina:

If this disaster was under control there would not be three financial giants speaking so far today. Actually I want another Nobel Laureate, Dr. Brenner, to stand up and be counted.

Iceland's collapse is no small event. It is not something meaningless that cannot be applied to a broke giant like the USA whose debt to non US entities are enormous problem from banks to government.

This morning the stock market in Iceland, after a three day stop, opened up down 77%. The Krona is in the tank.

The very few in Iceland that survived their crisis are those that, against all advice from every corner, held gold. They are sound and solvent. When this happens to a country their distribution means melts down. Then it is a rush to buy everything you will need for a minimum of 90 days, maybe much longer.

Gold was up $20 in non-US hours, but got mauled by intervention to the negatives and is now slightly higher regardless of the US dollar’s nature.

Think about the load of garbage suggestion that Europe has more problems than the US. That is an Urban Legend without substance. You will see!

This window dressing has 21 days to go because it is more political than it is economic.

That does not mean the Exchange Stabilization fund is non-existent except as an order from the Secretary of the USA to his preferred brokerage firm to sell gold in the paper market. That broker does not even try to hide their actions in either the gold market or equity index related vehicles. The second Goldman appears, every local jumps to whatever side they proudly demonstrated. Such a position of ego usually occurs only at or near the end of that Financial God's name.

Those of you that erroneously think this can never end have never lived through this before. I have lived here for 50 years and am well aware of how the ultimate currency acts.

Gold is insurance against bailouts, busted banks, money market funds like Reserve Funds which have missed their promised payback today, conflagration in the OTC credit default and other varieties of credit derivatives, enormous and unprecedented expansion, regulatory bodies that ignore rape and pillage as well as many more potential financial disasters in themselves.

I told you about that lady that I felt so bad about 8 days ago. She sounded quite mature. Her total wealth is in a Reserve Money Market Fund. She was told they would pay her back in eight days. That was yesterday and NO repayment was made.

Please read this publication before calling me. Please use the search engine provided here before calling me. Please make an effort to research your question using other tools before calling me.

You are giving me ever-deepening battle fatigue so I have to pull back. I have no other choice. 90% of the questions asked have already been answered here in detail repeatedly.

The same callers who need their hands held are tiring me. To be honest, constant whining by the same people is starting to piss me off.

Everything you see done is more of exactly the same thing that caused this problem. It is certainly coddling the real criminals that caused all this.

If you really buy the crap that anything other than freedom of markets to do their thing and truthful valuation of items on any concerned party’s balance sheet can fix the problem, you are too damn dumb for me to help you.

If you believe that governments are bigger than the currency markets or the ultimate insurance currency, gold, what are you doing owning gold? Please do me, the market and yourself a favor and go away.

Now I am going to call this mature lady and give her the less than good news. Gold would have done a lot more for her than a Treasury instrument money market fund that was in all probability up to the greedy eyeballs in OTC derivatives.

Gold will trade at $1200 and $1650 on or before January 14th, 2011. It does not become more of a reality if you call me to hear me say it. Yes, I am 100% in gold and will grow as additional funds become available to me. The difference between you and I is that I stand on my bank as it is underground.

Regards,
Jim

This was posted by Sierra

Submitted by NeoConned on Tue, 10/14/2008 - 14:42.

This was posted by Sierra not two posts down Lysa. Why do you guys incessantly Sinclair Spam??? The guy is changing his predictions weekly. First gold was going up to 1650 in a week, now it's two years from now. It was the end of the entire f**king planet 3 weeks ago but yet everything is still going. PLEASE if you MUST spam with sinclair (which i KNOW you are going to keep doing) just post a couple lines and a LINK to the article rather than posting the ENTIRE F**KING THING IN THE THREAD.

neo... that is to be

Submitted by SIERRAHPBT on Tue, 10/14/2008 - 15:23.

neo... that is to be expected from you.. much like jz saying that the stock markets were going to collapse in a few months as I have shown below.. jz lied! or he has a lot of dirt in his ears. again
if you don't reading Sinclair DON'T! I post the entire thing so it is easy for people to read without having to leave! educating people on the problem is why I do it! IT IS FAR BETTER TO BE PREPARED FOR CRISI THEN NOT! also he does not change his predicitons at all again you and jz must be twins.. GO READ SINCLAIR EVERYTHING IS THERE.. HE DOES NOT CHANGE AT ALL! HE SAID GOLD TO 1650.00 BY JANUARY
11TH OF 2011.. the only thing he has changed is that he is saying his prediction is probably to low! GET A GRIP NEO!

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

—

“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)

Hey McCain-----┌П┐(◣_◢)┌П┐

I'd love to not read Sinclair

Submitted by jzneff on Wed, 10/15/2008 - 07:23.

Unfortunately, it makes it very hard to ignore Sinclair since you are insistant upon breaking Nystrom's rules and pasting the entire article. He has asked us not to do this, I have reminded you of this plenty of times, and still you insist on copy/pasting.

Why don't you simply say "Sinclair disagrees with you, look at the 4th paragraph in the following link" and post a link?

It is very annoying to people who are hell bent on ignoring you that we have to page down forever.

If you want to post a diatribe of your own thoughts, by all means feel free to type away a novella if you like...I know i'm often guilty of that. But to make it easier, please follow the forum rules and simply post a link and not the entire article. I said please, Neoconned said please, Nystrom said please, now please follow the rules.

—

What do you think about the war on drugs?
How about Operation Wall Street?
Shout it today!

http://www.youshouts.com/index.php

sierra, Sinclair is a

Submitted by NeoConned on Tue, 10/14/2008 - 15:55.

sierra, Sinclair is a f**king felon. He's been all over the map with his predictions and is a fear peddler to make a quick buck off people such as yourself. Ive got a good bit of precious metals but also have other investment strategies too. You are the SAME thing over and over and you persist in posting the entire f**king sinclair thing instead of following the forum rules. Nobody has to LEAVE to go see the damn sinclair sh*t. They just open your link in a new tab. And even if they DID have to leave, there is this thing called a f**king BACK button. If you would just quit spamming every thread with the entire Sinclair article I wouldn't be so miffed at you. It's because you persist in being a f**king cretin that you get the reactions from me that you do.

Sinclaire is a fellon? how

Submitted by SIERRAHPBT on Tue, 10/14/2008 - 16:03.

Sinclaire is a fellon? how does Sinclair make money.. he does not sell gold, he does not charge for his advice.. ITs ALL FREE.. another charge from an uneducated douche bag.. like I say NEO.. don't read it.. there are plenty of things people post on here I don't agree with but I choose to ignore them.. if you don't like it ignore it! do what you want to do! I didn't say they need to leave to see his site.. I just like it to be there to read without having to wait for a download.. now that being said.. if you have a turd caught crosswise neo I will be more then happy to send you some bran flakes or exlax? which do you prefere?

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

—

“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)

Hey McCain-----┌П┐(◣_◢)┌П┐

i bet you ARE sinclair with

Submitted by NeoConned on Tue, 10/14/2008 - 16:29.

i bet you ARE sinclair with your all over the map scatterbrainedness.

post1
"I post the entire thing so it is easy for people to read without having to leave!"

post2
"I didn't say they need to leave to see his site.. I just like it to be there to read without having to wait for a download"

It doesnt really matter WHAT you f**king want dude. This isn't YOUR forum. Michael has rules in place for a reason, and one of them is NOT POST AN ENTIRE ARTICLE in a thread. So just obey the rules man. It makes it extremely difficult to follow the thread when you have spammed it numerous times with ENTIRE posts from sinclair. And yes, Sinclair is a felon. Go do your research on the guy.

SIERRAHPBT, Haven't you figured out yet ?

Submitted by jeff34761 on Tue, 10/14/2008 - 15:11.

SIERRAHPBT,

Haven't you figured out yet no one cares what YOU say? You have proven beyond a reasonable doubt, that you are nothing more than a cut and paste cardboard cut out fear mongering fool. Why not tell us all the story about how silver is worth more than gold? Or how you watched the '78 -'79 markets when you were 14 y/o and remember how the markets traded. Or my favorite, your incredible ever changing prediction of when silver will hit $25 oz. Which changed from $50 to $100 in May, to $25 in July, that moved to August, then October, and then Thanksgiving, to Christmas, to early next year.

Or how about your most recent claim of calling a fed rate cut. You said in July, the fed would cut rates in August when the dollar was at its all time low. Then after the dollar climbed 13%, and every other central bank cut rates, the fed finally cut, and you claimed to be correct. Well hell, even a broken clock is right twice a day fool.

Or this constant rif with JZ, who in May predicted $70 oil. And you criticized him and anyone who agreed, because you claimed we were going to have hyperinflation. YOU HAVE BEEN WRONG ABOUT:

GOLD - SIERRAHPBT WRONG!
SILVER -SIERRAHPBT WRONG!
HYPERINFLATION- SIERRAHPBT WRONG!
THE DOLLAR- SIERRAHPBT WRONG!
TIMING OF THE FED RATE MOVES - SIERRAHPBT WRONG!
THE EURO- SIERRAHPBT WRONG!

Now you promote panic? Go take a good long look in the mirror, you need a shrink bro. Hasn't it been a hint to you that when you post topics, most of them go unanswered? NO ONE CARES WHAT YOU THINK! Chill out and give us all a break PLEASE.

I care what Sierrahpbt has to say!

Submitted by letushope on Tue, 10/14/2008 - 16:41.

He has been one of my allies in the confusing economic world. I also bought Peter's book, which I am still reading and finding quite helpful. Further Peter Schiff was Ron Paul's economic advisors. You saying that Peter is a crack pot, is like saying Ron Paul is a crack pot. I don't think a crack pot could get Ron Paul's stamp of approval.

I don't know where the root of yours (and neoconneds) fight with Sierrahpbt started, but to say no-one cares what he has to say must be defended. I love and support him.

!!!Truth is treason in the EMPIRE OF LIES!!!

—

" Single acts of tyranny may be ascribed to the accidental opinion of they day; but a series of oppresssions...pursued unalterably, through every change of ministers, too plainly proove delibrate, systematical plan of reducing us to slavery..."
Tho

nice try jeff aka jz' dad!

Submitted by SIERRAHPBT on Tue, 10/14/2008 - 15:42.

nice try jeff aka jz' dad! keep putting words in my mouth! as you see your kid was proven wrong again.. you always show up when he's getting his butt kicked... that is what is funny.. as far as the interest rate cuts.. that was between you and me.. I was right you were wrong! simple as that!
just keep watching here other things will happen too! don't be a static thinker jeff.. think into the future.. see things in motion.. not at a stand still at that moment in time.. Schiff has been right on.. butler has been uncannily right! if you took the time to read butler and his articles for the past 8 years you would see that.. oh by the way Ive been waiting for you to spill the beans on this great investment you have where you make 48% ROI every year! dream on douche! and if you don't care what I think.. don't read! it why waste your time! you are going to find out here shortly just how right Schiff, Sinclair and Ron Paul are!

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

—

“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)

Hey McCain-----┌П┐(◣_◢)┌П┐

SIERRA,you are neither a static or dynamic thinker

Submitted by jeff34761 on Tue, 10/14/2008 - 16:20.

SIERRA,you are neither a static or dynamic thinker, you are just a cut and paste copy cat that regurgitates the last thing you heard.

Static intelligence is what you know, and how you are able to apply that in a static situation. Dynamic intelligence is what you know, and how you are able to apply that in an ever-changing, messy world where real-life problems are never as simple as IQ test questions.

For example: static intelligence is when you know a whole lot of big words and what they mean. Dynamic intelligence is knowing the words, but also knowing how to use them. It's also being able to gauge whether an audience will understand them if you're standing up to give a presentation, or whether they will think you are stupid and idiotic for using them.

Dynamic intelligence is juggling context, meaning, emotions, culture, expectations and desires, needs and wants when answering a question. Does 2 + 2 always equal 4? In a static system, of course it does. In a dynamic system, it might not, if we're pretending in a fabulous game that 2s are really 3s in magic maths land. Or if we're speaking in metaphors and discussing the fact that life has a lot of gray areas for which there are no definitive answers.

So let's hear your idiotic "Dynamic" response.

The next shoe to drop????

Submitted by SIERRAHPBT on Tue, 10/14/2008 - 14:20.

http://www.guardian.co.uk/business/2008/oct/12/usa-governmen...

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

—

“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)

Hey McCain-----┌П┐(◣_◢)┌П┐

This is a very good thing

Submitted by jzneff on Tue, 10/14/2008 - 15:05.

I'll bet local government could lay off 30% of their employees, and I would never notice a difference.

Fewer police = fewer speeding tickets, fewer drug arrests, fewer prisoners, which means fewer imprisonment costs.

Fewer municipal workers = 1 man doing 2 jobs. Welcome to reality, corporate America has been dealing with this for a decade.

Cmon...what does government really do that we would miss if they stopped doing it? I like that they maintain the roads (badly). I get nothing else from government, and I need nothing else. I've never called the police for anything. In fact, as long as they took care of the roads, I don't think I would notice if the Commonwealth of Kentucky just closed.

Let them cut back, let them squeeze, and when we don't notice, we'll realize how little we need them.

Get a real job, beaurocrats.

—

What do you think about the war on drugs?
How about Operation Wall Street?
Shout it today!

http://www.youshouts.com/index.php

you just don't get it...

Submitted by SIERRAHPBT on Tue, 10/14/2008 - 15:51.

you just don't get it... what happens when they default on all the junk they have? you don't think that is systemic to the overall economy? this goes way beyond what you see! as cities and states have had budget shortfalls because business sucks so bad and tax revenues are declining what happens when they bankrupt like San Diego did? some company didn't get paid! how many people did that company lay off? I see this all the time here.. I have a customer who has had a contract with the state of Colorado for 18 years.. she retrains people who are hurt or become disabled and cannot do the job they did previously.. the State is now 3 months behind on paying her bill.. she is behind because the State is claiming the feds are not paying them on time! this problem is systemic.. one domino hits another and on it goes.. the excesses have to be purged from the system.. the government is not allowing that .. but the market will force it.. and thats when you better be prepared!

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

—

“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)

Hey McCain-----┌П┐(◣_◢)┌П┐

Sorry

Submitted by jzneff on Wed, 10/15/2008 - 07:29.

Leeches who survive upon the leeches are leeches nonetheless. Life is tough, but we can't afford to be selective. Government must get smaller, and if honest contractors have to be injured in the process, then so be it.

Tell your friend to drop the state contract and start his own temp agency. It worked for Ross Perot.

—

What do you think about the war on drugs?
How about Operation Wall Street?
Shout it today!

http://www.youshouts.com/index.php

I concur. Let the private

Submitted by NeoConned on Tue, 10/14/2008 - 15:09.

I concur. Let the private market do their job. It'll be done much more efficiently and at a cheaper cost. Government just doesn't work.

Answers To The Deluge Of

Submitted by SIERRAHPBT on Tue, 10/14/2008 - 14:04.