The timebomb...

[Farmkid1]

I agree with Errol, the US could tax their way out of this in a hurry. What if instead of GST (or in addition to) they just taxed the luxury items...such as booze, cigarettes etc. As much as it drives me crazy when I am down south and I buy a bottle of wine for $6 that I spend $22 on here (both Austrailian), it makes sense that they could handle a little tax on some of those items. With 300 million people it wouldn't take long....just thinking out loud.

[Fransisco]

I know how to solve the problem! Just EAT THE RICH.

Oh wait...

[cottonpicken]

Short term deflationary scare is showing up,long term
i see inflation,goods and services will not be
cheaper,that would take responsible government.

Savers and pensioners and fixed income have been
kicked in the teeth for the past decade,some seem
oblivious to the fact.

All that money i borrowed 15 years ago to buy
land,didn't hurt my balance sheet,nor the money to
buy equipment that is still worth the same,all the
while keeping the tax man at bay through
depreciation.

Little point in arguing about what has already
happened.

Its not a doomsday chart,its cost push inflation due to
currency destruction.

Its happened hundreds of times in hundreds of places

socialism run a mock.

Its not the end of the world,its a restructuring,greece
is not the preview like that guy says,its japan.

What actually ends up happening,nobody knows,but
you can't be flippant and say "cotton picker donts
knows what hims talkin bout,hes a drooling in da
soup"

Showing up to an argument with no fact,logic or
thought,makes you NOT me look like an idiot.

[Fransisco]

The problem isn't tax's its <b>SPENDING!</b>

[grassfarmer]

"Oh please, Britain has never not had socialists in
government. Even Maggie Thatcher and Churchill
couldn't keep them out of their respective parties."

Proving once again you have no clue what socialist
means.

[Fransisco]

"Socialism is the doctrine that man has no right to exist for his own sake, that his life and his work do not belong to him, but belong to society, that the only justification of his existence is his service to society, and that society may dispose of him in any way it pleases for the sake of whatever it deems to be its own tribal, collective good."


"The essential characteristic of socialism is the denial of individual property rights; under socialism, the right to property (which is the right of use and disposal) is vested in “society as a whole,” i.e., in the collective, with production and distribution controlled by the state, i.e., by the government.

Socialism may be established by force, as in the Union of Soviet Socialist Republics—or by vote, as in Nazi (National Socialist) Germany. The degree of socialization may be total, as in Russia—or partial, as in England. Theoretically, the differences are superficial; practically, they are only a matter of time. The basic principle, in all cases, is the same.

The alleged goals of socialism were: the abolition of poverty, the achievement of general prosperity, progress, peace and human brotherhood. The results have been a terrifying failure—terrifying, that is, if one’s motive is men’s welfare.

Instead of prosperity, socialism has brought economic paralysis and/or collapse to every country that tried it. The degree of socialization has been the degree of disaster. The consequences have varied accordingly."

[Fransisco]

“Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.”
¯ Winston S. Churchill

[Fransisco]

And yes there are people in every so-called conservative party who believe in socialism, they just want to be the ones handing out the loot.

[hobbyfrmr]

I agree with Francisco, spend spend spend. Get
stuff,ooooh new shiny stuff ooooh. This stuff is
just a little nicer and better than the stuff I bought
6 months ago, better get it. We are crazy
spenders, me included.

Errol, there is a iTunes clip where an Irish resident
goes on a rant about their politicians and bankers.
He was quite irate and was swearing, yet truthful.
I will try to find it.

[hobbyfrmr]

Wankin Bankers, ooooh my sides I am laughing so hard. The truth hurts..

http://www.youtube.com/watch?v=VvLpDHhpWqY

I found a second one, same guy, now I wonder if this is scripted. Still funny.

http://www.youtube.com/watch?v=cIL22kPUILU&feature=related

[errolanderson]

I agree . . . cut the spending. But the
problem is; it's already spent.

Horse is long-gone out of this corral.

[checking]

Errol.

Is it not better that it was spent than if it just vanished like the $1 trillion in the markets last week? Or the good start on a further trillion this week. No one even gives a sigh over those occurrences, but watch the reaction to a nation overspending on projects, and all hell breaks loose all over the globe.

So when is a dollar not a dollar? Is it when you can't sue for it?

[checking]

Right about now cottonpicken should have his rig stuck in the "soup". No problem, just put your tractor in that paradigm shift position you've talked about every week for the last decade. You know, that virtual position that has never developed.

From now on I'll refer to you as the "soup guy". You just keep saying I'm an ID Ten T error. Alan Johnston, that was actually funny!!!, but I still wouldn't call any one that.

[Wheatking]

So what's your answer king check. At least cot
gives an opinion on the future, better than all
the other douche bags here who take joy in a
person being wrong, yet offer no opinion of
their own, only say told you so.

By the way cot is right, there will be qe3, look at
the numbers there is no other choice other than
print money to pay off the debt. The question is
when is it coming, i feel we are going to see a
depression first, then the government will have
little choice, either print or default. And the
question is where will the money go. Will we
get inflation or will it disappear into the banks
with increased capital requirements etc...

Cotton at least gives an opinion and backs it up.

[furrowtickler]

Agreed shearling