End of The Runway and not enough power to lift off

[crusher]

I believe in an honest wage for honest work. Those with special talents or those willing to take on risk should have the opportunity for reward.

I believe in taking care of my own and being responsible for your own actions. I think if the general public had a little more discipline in their personal health care choices (nutrition and exercise) the overall burden on the health care system would be reduced which would help lower my ballooning tax bill. What's up with all these hip replacements on people way overweight. Cancer treatments for chain smokers...I can go on and on.

If I were running the show I'd steal a few plays from King Ralph's old playbook. Put the squeeze on instead of giving out handouts. I wouldn't be doing the 15% increase in capital spending, like Rachel has planned. I wouldn't promote "a careful plan to return the province's finances to balance by 2019-20". How high would taxes need to be for that to occur?

Everyone's entitled to their own opinion.

[biglentil]

im lost how would loan sharking be effective in a hyperinflationary enviro. Get paid 30 percent interest per week but losing 50 percent in purchasing power sounds like a loser to me. You can preserve wealth by holding hard assets thats about it.

Theres a good article on zerohedge 2nd page.

Wences, an Argentinian, has seen his family's wealth evaporate not once, not twice but three times due to hyperinflation, devalulation and confiscation and that has led him to bitcoin.His driving philosophy: "There are more people in the world who need a currency they can trust, than there are people in the world who can trust their currency."

The problem with gold from what I understand is transporting metal through airport metal detectors.

[farming101]

I mentioned earlier the need to have goods and services readily available. Nobody cares what they cost as long as they are there when you need them.
Look at the price of nitrogen only a few years ago.
It is when bonafide shortages occur for 100 different reasons that things will go south.
In this economic setup we are in now lack of money or credit will not be the issue. It will be a lack of the genuine article. The things that make everyday living work.
Right now we have a surplus. Think of what might change to create genuine shortages. Then you are ahead of the curve.

[farmaholic]

[URL=http://photobucket.com/]/URL]

[farming101]

Nuts!!!! 3400 km from home and I forgot my tinfoil hat!!!!

[blueversi]

Words of wisdom I heard from an older gentleman while I was working in the oilpatch "it's not how much you make, it's how much you keep." Too many spending all or more than what they make, oilpatch slowed down so now I'm logging just as busy as ever, for how long who knows though I guess. Work is there for those that want to work, but if you want to have the cushy chem rep, ag salesman job where you can go golfing on the company dime 5 days a week maybe you do have to be worried.

[farmaholic]

.....just a mention of a tinfoil hat. Not aimed at anyone in particular....

[hobbyfrmr]

Blueversi, I too have heard that statement. The problem is, everybody around has cooler, more fancy, more comfortable consumer stuff than me.
There is a behind the scenes story of course. My very good friend worked 20 years to pay for one quarter and house. He struggled. Ultimately he subdivided out the house, sold the quarter, bought a $72,000 fifth wheel for $68,000. They then updated the appraisal of the house and hired a $70,000 total renovation on the house.
Mrs. Neighbor insists on living at the lake for at minimum 3 months. They are very happy. Their stuff is really, really nice.
Most of my farming carrier I have been trying to keep from hemorrhaging cash from all orifices to build some wealth over time. Mainstream society doesn't seem at all troubled with being leveraged. It can't be all bad.

[Hamloc]

The biggest risk in the short term to the global economy is the probable raise in interest rates by the U.S. fed in Dec. The usd will reach new heights in relation to other world currencies. US exports are already having trouble competing due to the strong dollar, I think the price of most commodities like oil will drop further. As for a solution, no idea quantitative easing has failed to create inflation but has helped wealthy investors in the stock market.

[biglentil]

interest rates going up now thats funny