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Scott Dickson Scott Dickson is offline
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First recorded activity by BoatBanter: Jun 2009
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Default The mad rush for world wide bankruptcy

On Sep 30, 7:33*pm, "Canuck57" wrote:
There is a mad rush to borrow, create and print as much money as possible by
G20 governments. *They are now in the realization phase where they can't tax
their people enough to keep the ponzi governments proped up. *The debt in
western governments now is so high, there is no hope in hell that anyone
born today will see it decrease, much less get paid off.

In short, governments are headed fast and hard towards government/currency
bankruptcy. *What does this mean for you?

In simple way to put it is that the turbulant times of recession are far
from over. *Much of the unemployment and lower levels of income for those
that are employed is here to stay. *Government is now realizing their
revenue streams are decreasing while their spending is out of control is on
a collision course with reality.

The real problem is todays currency worth anything and is government going
to keep spending like mad whores with fresh credit cards?

The future of this is an eventual revolution of sorts. *As governments try
to screw over those earning money there will become a point of collapse.
Can we afford 50, 60 or 80% income tax? *How will governments get a grip
grip on the growing and unprecidented gap between revenue and spending?

No economist worth 2 cents will argue that the current government fiscal
policies will fail. *The only question is how and how much of peoples wealth
will be robbed! *Yes, robbed. *Just like in Roman times, government seized
property in the name of failing governance. *Rome fell anyways.

Yep, the Romans fell because of corruption of respect for others earned
wealth making it undesirable to support the society. *Government and those
in power freely screwed people over to prop up the corruption and ponzi
government. *We today are witnessing the point past the apex of the western
societies and witnessing its fall.

While to use it may seem Rome fell in a day, it did not. *It took decades of
government fat and corruption. *A slow drain of wealth towards oppulance and
ego such as we see today with the likes of Harpo, Iggy, Laytoon and the Heil
Obama. *But none are willing to stop the perversion of the tax system.

The tax system is to help society develop common infrastructure to provide
wealth. *And investment in an environment to create jobs, trade and it's
resulting wealth. *This has been on the decline for decades. *Bailouts to
banks, corrupt corporations like GM now replace needed sewers, schools,
hiway and others correct uses of taxation. *Government has $75 billion for
banks, $13 billion for GM, $2.6 billion for corrupt African banks yet no tax
relief of EI for our own and many billions not even they can account for.
Government clearly, like Roman times is simply not listening.

While people have migrated to North America, I predict this migration is
over. *Oh, some will come, criminals, discontents, cowards and those seeking
to abuse our systems, but the good times are dicipating. *I even know of
some that have moved back to India as even though they will earn less, they
will live much better.

The government can try to BS their way out of this recession, but the fact
is the economy isn't going to recover and effects of this
Government-Bank-Debt Depression of 2008-20xx is going to last a long time..

So when arrogant Iggy says election, lets do. *Don't vote for the corrupt
parties of Canada. *Pick fresh faces. *Pick people to represent us that are
not Obama sock puppets and don't make back room deals to sell us out. *Pick
housewives and not hand picked party lawyers, especially those with Harvard
connections and America as their country. *It isn't that Harpo is so good,
it is just that Iggy and Laytoon are worse.

Think and then vote, you will get lied to less that way.


Are you cross-posting to political groups with this to get them to
come argue here?