2013 is going to be much worse than 2012 for America - Jim Rogers

http://stockcharts.com/h-sc/ui

I'm not sure the accuracy of you claim.
You have data showing the $$$$ is collapsing?

Link didn't work properly. Type $usd in symbol box. Change time frame to 3 yrs or whatever time frame you want. 3yrs is max here.

 

Money makes it easier to acquire wealth because it eliminates almost all of the cost and inefficiency of bartering. However, it is not *the* means to acquire wealth. The way to acquire wealth is to create it and then trade that wealth for wealth that you value more. You do this through your labor if you are a worker.
Another way to acquire wealth is to steal it, which can be done by illegal means, or by the legal plunder of government.

 

Hello? What is your definition of collapsing?

 

for centuries. Read their "holy book", the talmud, if you think they consider you anything but subhuman. They call us Gentiles goyim, which means "human cattle of the field".

You also have to read THE PROTOCOLS OF THE LEARNED ELDERS OF ZION (http://100777.com/protocols). This "jewish" playbook was translated then turned over to Christendom in 1905 - long before we knew anything about the world wars; engineered depressions; the importing of minorities to interbreed with and eventually displace the White middle class; communism/socialism/liberalism; and inundation with alcohol and drugs - that the "jews" say they'll foist on EVERY CHRISTIAN NATION ON EARTH.

Educate yourselves by patronizing the Real Christians, the Real Libertarians, the Real Christians, the Militias, the Constitutionalists, and the White Rights groups. You won't get the Real Truth from the "jewish" monopoly on the TV networks. They'd never spill the beans on themselves.

Check out THE REAL AMERICAN CONSERVATIVES at http://jbs.org. God bless.

And, no, they're not Real Jews. This has been exhaustively documented. It's also why Jesus/G-d calls them the synagogue of satan. Any questions?

 

I like the inheritence method. Then you don't have to work for it, get all or some of it tax free, and get to pay the special low 15% investment tax rate as you live off the wealth you didn't work for.

And then you can (*)(*)(*)(*)(*) about how the Govt steals it.

 

thats the point.....output is "NOT" kepping pace!

 

Sure it is. We had a quarter of the world's output just last year. The problem is the demand is being supplemented by the Govt instead of through the private sector.

 

Year - Outlays as a % of GDP
2007 19.4%
2008 20.7%
2009 24.7%
2010 23.6%
2011 24.0%

From 2007-09, Govt spending rose signficantly faster than GDP.

 

are you just looking at GDP or are you looking at production? For me just looking at purchases at walmart dont mean much as its just consumers going deeper into debt!

 

Of course....

 

You just pick and choose whatever data fits your theory that America is going to crumble, lol. I'll just stick to normal data points like GDP.

 

Yes, I have questions:
Are you baked?
Are you playing hooky from a padded cell?
Are you off your meds?

 

D. All of the above.

 

"endlessly"? We have raised and added far more taxes than we have cut and eliminated taxes. In fact, I bet we cannot come up with more than a handful of taxes which have actually been eliminated.

Can you?

Either way, cutting taxes has nothing whatsoever to do with borrowing: that's a separate responsibility, and NO ONE I know has said that cutting taxes will reduce borrowing. Your statement is non sequitur.

See answer #1. We have raised and added many times more than we have done the reverse. When we have done the reverse, our economy has improved, and our individual financial conditions have improved. My goal is not to make the Government healthy; it is to make private citizens healthy. Allowing citizens to keep as much of what they earn as possible should be your goal, as it is mine.

Non sequitur. The mainstream Conservative position doesn't demand a complete elimination of regulations, it demands a review of each of them, and an elimination of those which are deleterious to economic growth while retaining those which are agreed as necessary and protective - and honor the notion of a level playing field.

 

Are you contending, then, that working for it entitles a person to a stronger moral claim to property than not working for it? By what reasoning would you use to arrive at this opinion, or is it just brute emotion that drives you?

 

look at all nations that are doing quite well and they all have two things in common.......large exports along with surpluses and huge foriegn exchange reserves!

 

There is no nation that has done as well as America has in the past 80 years. So it's about time countries that still have sweatshop laborers start catching up.

 

yeah....."HAS DONE" passed tense.....thats my point......rome was strong too in the first 100 years or so.....why cant you see that america today is very different than america of 1950.

 

Yea, America is much more spoiled today than it was in 1950. Unprecedented growth can't last forever.

 

the only chance in hell the US has is if the US drastically slashes spending....and I mean really cut.....everything.......entitlements......overly generous civil servant packages, military, starting foolish wars, and yes...also raising taxes!

 

Why would we cut spending when a lack of spending is the problem?

 

Do not pay attention to akphidelt, s/he has no idea what s/he's talking about.

You didn't answer my question in the other thread. If sovereign debt is nothing to worry about, then how can the euro POSSIBLY be in shambles? They'll just borrow more money and take on a higher debt load and save the Euro. Right?

I mean, you're obviously so much smarter than all the investors of the world to have figured this out . . . so I'm sure you'll have no problem providing an answer.

 

The Euro is nothing like the USD. It is a collection of countries trying to add all their collective productivity together to compete with China and the USA. Think of Greece like California. It is a country that is revenue constrained. It can not print Euro's to save itself. And the other countries aren't going to want to print it for Greece devaluing all their dollars.

Because the Euro constrains the individual countries, countries like Greece or Italy will leave it and adopt an America economic system.

Comparing the Euro to the USD is literally apples and oranges. The Euro is more like the gold standard than anything else.

Does that answer your question?

 

No it doesn't, because the ECB can print euros.

Think of Greece like California. Greece can not print Euros to save itself, and California can not print Dollars to save itself. But the United States can print more Dollars to save the Union, and the ECB can print more Euros to save the Euro Zone.

You believe that the dollar will be fine, because we can borrow more dollars into existence. The exact same thing can be done with the Euro. The idea that the currency itself can be "in shambles" is absurd if you think that debt problems can be cured with more debt.

 

^^^this.

Unvarnished truth.