What happens when the hand-outs stop? - Page 61

UneasyRider · 02-02-2013, 14:05

Quote:

Originally Posted by emt1581

...I am also convinced the tab will never be called by China, Japan, etc...and the US will be given a bottomless pit of credit to borrow on...

-Emt1581

Other countries stopped lending us money years ago. We print our own now...

inzone · 02-02-2013, 14:53

good on my brothers and sisters here!

I see more and more young people who look as healthy as a horse using EBT cards to buy absolute junk type food...I realize this is just a small microcosmic issue in the big debate, however it shows where the country is headed..I saw the STAT that one in five american children avoids going hungry due to food stamps!..can you imagine that in the supposedly most wealthy nation in the world? Our debt and unfunded entitlements, underfunded pensions, the soon likely new millions of very poor citizens from immigration amnesty, etc etc...mean that economic collapse is a "market certainty"....politicians can kick the can and issue precatory press releases all the live long day, but the market will eventually bring the buzzards home to roost, as the market always has done in history,,,

as for me and my house, I will PRAY, and I just ordered a few hundred dollars worth of spam can ammo and more beans and rice to put in the gold lined paint cans..... if we get eight more yeards, it will be a providential miracle!!!

***actionshooter10*** · 02-02-2013, 23:26

Quote:

Originally Posted by UneasyRider

Other countries stopped lending us money years ago. We print our own now...

Incorrect.

MANY countries are still buying our bonds.

UneasyRider · 02-03-2013, 06:54

Quote:

Originally Posted by actionshooter10

Incorrect.

MANY countries are still buying our bonds.

Sure China is still buying our bonds and Japan too but only to replace the ones that they already own as they mature. The total debt to China, Japan and others has gone down during the last few years.

The Fed buys the T-Bills today.

**Cavalry Doc** · 02-03-2013, 07:39

Quote:

Originally Posted by inzone

good on my brothers and sisters here!

I see more and more young people who look as healthy as a horse using EBT cards to buy absolute junk type food...I realize this is just a small microcosmic issue in the big debate, however it shows where the country is headed..I saw the STAT that one in five american children avoids going hungry due to food stamps!..can you imagine that in the supposedly most wealthy nation in the world? Our debt and unfunded entitlements, underfunded pensions, the soon likely new millions of very poor citizens from immigration amnesty, etc etc...mean that economic collapse is a "market certainty"....politicians can kick the can and issue precatory press releases all the live long day, but the market will eventually bring the buzzards home to roost, as the market always has done in history,,,

as for me and my house, I will PRAY, and I just ordered a few hundred dollars worth of spam can ammo and more beans and rice to put in the gold lined paint cans..... if we get eight more yeards, it will be a providential miracle!!!

Those children that are in danger of starving, how many have parents that own a home? Parents with vehicles under 3 years old? How many of their family members have smart phones? How many have x-box, PS3, cable or satellite tv, are able to rent or go to the movies .....

It's amazing how many people are poor and yet surrounded by luxuries.

And when you look at childhood obesity rates among poorer families, something is not adding up.

Dexters · 02-03-2013, 07:50

Quote:

Originally Posted by Cavalry Doc

Those children that are in danger of starving, how many have parents that own a home? Parents with vehicles under 3 years old? How many of their family members have smart phones? How many have x-box, PS3, cable or satellite tv, are able to rent or go to the movies .....

It's amazing how many people are poor and yet surrounded by luxuries.

And when you look at childhood obesity rates among poorer families, something is not adding up.

It is amazing what you see. I think it is that some people don't save a dime. Those people are the ones that help to keep this economy going. Have you noticed that that the business reporters talk about the consumer driving this economy; not manufacturing.

That is why the rest of the world loves the USA, we spend and keep their countries going.

racerford · 02-03-2013, 07:56

Quote:

Originally Posted by Dexters

It is amazing what you see. I think it is that some people don't save a dime. Those people are the ones that help to keep this economy going. Have you noticed that that the business reporters talk about the consumer driving this economy; not manufacturing.

That is why the rest of the world loves the USA, we spend and keep their countries going.

Why would anyone manufacture anything, if no one was consuming things?

Dexters · 02-03-2013, 08:03

Quote:

Originally Posted by racerford

Why would anyone manufacture anything, if no one was consuming things?

They are manufacturing things outside the USA and sending them here. Manufacturing hasn't ended in the USA completely but it isn't focused on here.

***actionshooter10*** · 02-03-2013, 10:32

Quote:

Originally Posted by UneasyRider

Sure China is still buying our bonds and Japan too but only to replace the ones that they already own as they mature. The total debt to China, Japan and others has gone down during the last few years.

The Fed buys the T-Bills today.

Yes...but t-bills and bonds are both vehicles our government uses to borrow money.

If China buys new bonds, they're loaning us new money.

The bond they're replacing represents money they loaned us a while back.

**kirgi08** · 02-03-2013, 11:04

certifiedfunds · 02-03-2013, 11:23

We have the fattest poor people in the world

lawman800 · 02-03-2013, 11:25

Quote:

Originally Posted by certifiedfunds

We have the fattest poor people in the world

Our poor people have big screen LCD/LED televisions, SUV's, gaming systems, sound systems, and fake gold jewelry all around. I've seen how our "poor" people live and it ain't that bad. Heck, they got some nicer stuff than I do.

UneasyRider · 02-03-2013, 14:00

Quote:

Originally Posted by actionshooter10

Yes...but t-bills and bonds are both vehicles our government uses to borrow money.

If China buys new bonds, they're loaning us new money.

The bond they're replacing represents money they loaned us a while back.

Yes but the net is still the same. We don't owe them more money than we used to... it's not changed, well, down a little.

654Boomer · 02-03-2013, 19:06

Quote:

Originally Posted by inzone

just this month I swear i have seen about a DOZEN or two dozen people using ebt cards in convenience stores to buy cokes and drinks and junk food, etc...I had NO IDEA they were even allowed to do this!!! I come from a dirt poor family where we ate beans and cornbread and were glad to get it.... sheesh, if the govt cant put "minutes" on thos ebt crads, we are gonna see riots all over the place..... buy ammo!!!!!!!

Greetings inzone,

My son who lives in Kalifornistan, said that for people who receive unemployment benefits automatically get a debit card that gets the cash loaded to it directly, I think he said on a weekly basis. When I asked him if the people had to go to an unemployment office to 'check in' at some frequency and report progress on locating a job each week or so, he said no . . . and get this. The California state legislature, in their infinite wisdon, stated that it would be 'degrading' and could lead to 'low self-steem' for the recipients to come in to the unemployment office each week. Hence, the state government loads the cash on the debit cards once someone is approved for benefits! Un-****ing real!

lawman800 · 02-03-2013, 20:01

Quote:

Originally Posted by 654Boomer

Greetings inzone,

My son who lives in Kalifornistan, said that for people who receive unemployment benefits automatically get a debit card that gets the cash loaded to it directly, I think he said on a weekly basis. When I asked him if the people had to go to an unemployment office to 'check in' at some frequency and report progress on locating a job each week or so, he said no . . . and get this. The California state legislature, in their infinite wisdon, stated that it would be 'degrading' and could lead to 'low self-steem' for the recipients to come in to the unemployment office each week. Hence, the state government loads the cash on the debit cards once someone is approved for benefits! Un-****ing real!

They don't have to check in, don't have to do drug testing because it's "racist", don't have to even bother to pretend to want job training because it's degrading, and there is no questioning how they use the money because it's racist to even investigate it.

Then the recipients also get to file complaints if they don't get good "service" from the department if they call to ask where is their money, go figure that.

cowboy1964 · 02-03-2013, 21:40

Why this bastard isn't in jail, or at the least out of a job, is beyond me.

Bernanke Lies Under Oath re: Monetizing Debt - YouTube

emt1581 · 03-19-2013, 19:57

Seems like corners are being cut...any on the hand-out front?

-Emt1581

lawman800 · 03-19-2013, 20:43

Quote:

Originally Posted by emt1581

Seems like corners are being cut...any on the hand-out front?

-Emt1581

That would be racist.

leadcounsel · 04-07-2013, 18:36

I didn't read all 1500 entries... however, it is in Democrats best interest to keep paying welfare and it generate a lot of votes to keep them in power.

And yes, handouts are cheaper than crime and justice and the handouts are immediately put back into the economy.

I think they will continue and grow until the money simply runs out.

Sadly, I think that day is soon. This is one of the biggest threats to society - the total collapse of the dollar. Imagine not being able to BUY anything and all your $ being worthless! Only assets are trade goods and your labor. Crazy.

When that happens, we'll see overwhelming chaos and looting.

lawman800 · 04-07-2013, 19:50

It's already at that point with record numbers of people dropping out of the work force and giving up on job searches. The number of social dependents increases and it's past the tipping point where the working contributors are outnumbered by the takers.

**kirgi08** · 04-08-2013, 07:56

Quote:

Originally Posted by leadcounsel

I didn't read all 1500 entries... however, it is in Democrats best interest to keep paying welfare and it generate a lot of votes to keep them in power.

Bingo.

And yes, handouts are cheaper than crime and justice and the handouts are immediately put back into the economy.

It's robbing Peter ta subsidize Paul.Who rules a man,the one that leads him or the one that pays him.

I think they will continue and grow until the money simply runs out.

The money won't run out,it's real worth and acceptance will.When China decides ta call in our note that they hold will be the start.

Sadly, I think that day is soon. This is one of the biggest threats to society - the total collapse of the dollar. Imagine not being able to BUY anything and all your $ being worthless! Only assets are trade goods and your labor. Crazy.

Nope,PMs will also be king.Some folk think "cash" is king,in fact, it's just expensive paper.Backed by a promise that is quickly being falsified.The nations "credit" rating ect are proof of that.

When that happens, we'll see overwhelming chaos and looting.

It will be much worse than that,I expect the NE and the far west will be leveled.I have seen this coming for a long time and have spent a lot of money.We forgo $$$$$ items such as tvs exotic vacations.My job is ta protect my family.'08.

Teej · 04-08-2013, 20:01

Watch the movie trailer for the new movie "Purge" that is coming out. Now think of that 12 hr lawless period depicted daily. Then you'll get an idea of what to expect....

lawman800 · 04-08-2013, 20:26

Nice.

**kirgi08** · 05-01-2013, 09:07

wjv · 05-01-2013, 12:31

Quote:

Originally Posted by Dexters

They are manufacturing things outside the USA and sending them here. Manufacturing hasn't ended in the USA completely but it isn't focused on here.

Actually the USA is still #1 in manufacturing.

We just don't manufacture a lot of consumer type products. We manufacture much more B2B products.