On 07/04/2011 12:34 PM, Frogwatch wrote:

The dems destroyed the economy thru not reigning in Fannie mae and
Freddie MAc when they were warned about the problem by the Repubs in

Absolutely correct. Like GM, Fanny and Freddie -- no job, bad credit
high risk, no problem we loan money for democrat votes and BS economics.

Criminal actually.

And the huge amount of fraud, house flipping for faked appreciation ot
banks cooking up mortgage papers to hide the true creditor -- HUGE
amount of organized corruption going on. And not one of the
Omama-Democratic buddies in jail.

The result, Freddie and Fannie are multi-trillion dollar boat anchors on
taxpayers. Government should have never bought them in the first place.

Legit
bondholders got screwed in the nationalization of GM and Chrysler.

Essentially that what happened. Creditors were denied their court time
for asset recovery. Obama broke the law here, as a secured holder has
the rights to the security. If a president can't honor that, then
lending money in Venezuela or Cuba would be a safer bet.

Which s also why the economy is tilting big. No one in their right mond
lends money today. Lender gets all the risk and a value loss. Just buy
oil or gold to protect against currency depreciation (inflation).

The Dems gave $787 billion to Obama cronies in the "bailout". The
dems have now run up so many trillions in debt that there is no
reasonable way to pay it off except by massive inflation. The Dems

That is the idea, deflate the value of the debt with inflation. But
they didn't count on the economy collapsing and crashing. Initially it
was deflaionary. But Bernake and his criminal idiots don't have a basic
grip of economics You can't have inflation if people have less money --
it begets unemployment.

Trouble is with Obama's 4 trillion in waste spending hitting he streets,
that should be worth 50% inflation at least.

ran the oil companies out of the Gulf of Mexico resulting in a
doubling of gasoline costs and a huge increase in food inflation.

Now, they need $150/barrel futures to cover insurance on BP style
losses. Plus the capital to start back up. Huge investment in a
politically unstable government. Better off in Brazil or Asia.

This is our last chance to save the republic.

You are optimistic. If Congrss does not cut at least a trillion of the
debt-corruption spend THIS YEAR then forget saving, think preserving
your wealth as Zimbabwe style is coming.

In such a battle, there will be casualties. I expect them to be the
poor who are suffering the most from inflation caused by Dem policies
and some people who truly rely on the govt but the survival of our
republic is on the line. We must hold out for extreme cuts no matter
what they say. Their corruption and attempts to preserve their lavish
lifestyles the working people are paying for will cause them to make
up lies and invent "news". If we fail this time, the only remaining
option will be revolution.

Poor always suffer the most. If I lost $100K in the market I still
enjoy the best and don't think twice about it. When the poor lose a
job, they are screwed.

Hey, I was once a working class taxed poor. The income tax system is
designed to keep workers working poor. I still remember. But I held
true with some very real conservative philosophies and they paid in gold.

If congress doesn't ask and get a trillion dollar cut this year in debt
spend, USA is washed up for a least 10 years just like 1932 to 1941.