Comments on: Bad Economic News

By: Ron Stone

Ron Stone — Sun, 27 Jun 2010 20:50:52 +0000

I know you want me to pick one but I want to vote for 2, one short term (within a few months) and the second for longer (2 to 5 years) term. First the short term, the BP oil geyser. (I refuse to call it a spill. You spill milk.) The economical impact of this event as well as how the government seizes the opportunity for it’s agendas will finish off the economy. Longer term, runaway spending and money printing will turn the US into a second or even third tier country. I hope I’m wrong.

By: Survival Joe

Survival Joe — Tue, 22 Jun 2010 18:49:56 +0000

Things are unraveling fast. My hope is that in the midst of this we can deflate the government bloat.

I also hope that people don’t turn to government to “save them” from the economic crisis. You can’t cure cancer with more cancer.

@Dan – Actually, God called for a Jubilee every 49 years (7 rest-year cycles). Every 7 years was a rest year — a year during which you did not have to repay debts.

God also prohibits usury (interest), which has a way of minimizing debt in the first place.

-SJ

By: Dwight

Dwight — Tue, 22 Jun 2010 13:11:01 +0000

I agree with Mickey……if all angry americans would “unite” and agree to just stop paying for their mortgages, credit cards, etc…..then we could turn the tide in our favor. However, Americans are so “brain washed” that they have lost the inner power to think on their own and stand up and fight as our forefathers did. Im glad that there are more and more sheriffs and military signing up to OathKeepers (Sheriff Mack/AZ and USN Commander Tillie, for ex.), and they will stand by us patriot Americans fighting for our freedoms and the constitution.

Start getting prepared. A must site is “National Inflation Association”, where you will get more details as to why an economic collapse is upon us.

By: Alexey

Alexey — Tue, 22 Jun 2010 10:16:38 +0000

Who said that Bernanke has been doing his job for the good of all people?

By: mickey

mickey — Tue, 22 Jun 2010 04:28:15 +0000

forget Colin and the rest of the sheep..they mean nothing and are not going to be of any importance in the coming times..they will be too meek to seek food they will be to shy to try or to lie and they will all simply die..
The system is broken and you are on your own..figure out a survival strategy. work closely with your friends and family and understand reality is different than you had ever imagined unless you have survived a total economic/social/political and spiritual collapse..the water is rising and if you are waiting for the government or anybody else to save you, you are just as dead as those poor souls lost in New Orleans..We just finished phase one..Phase two is just getting started..there will be people starving to death in the streets and eating stray dogs before we even start phase 3 of this mess

By: Sam

Sam — Mon, 21 Jun 2010 19:26:43 +0000

“COLIN” wants a web site that can present unemployment, underemployment, lack of job security, and foreclosures as something very positive.

Well such web sites already exist: Washington Post, NTimes, wall street journal, CNN etc…

By: mickey

mickey — Mon, 21 Jun 2010 03:16:37 +0000

I have an answer..hyperinflation will set us free..you need to learn some history..what did people do in other countries to survive their time of crisis..then you will know what to do and what to save your time on..While you are at it, what would happen if everybody just stopped playing their elitist game? Stop paying for any loans..stop paying any taxes..stop paying any fees or surcharges or other such crap..deprive the shepard of his dollars and the sheep can do whatever they please..because he cannot control them anymore with no money to pay his dog..
Your other alternative is to learn chinese now because I think it likely that our eastern overlords are going to foreclose on our amerikan dream real soon, since our Washington overlords sold us down the river for a few pieces of silver..

By: Dwight

Dwight — Mon, 21 Jun 2010 00:32:26 +0000

After reading all the posts, I see that most of the comments have been supportive of the article, and most agree that Americans need to be informed as to what is transpiring. Over the past 20 years I have read many well-written books which pointed to the economic collapse which we are now in. One outstanding book is “The Creature From Jekyll Island” which details the formation of the “unconstitutional” Federal Reserve, and how this “cartel” of international bankers have been sucking the guts out of America. Americans have been totally blind as to what has been going on, and still cant see. There are thousands and thousands of Americans preparing for this collapse and more “patriots” signing up for this upcoming “rebellion”. Even high-ranking military, sheriffs, police, etc. are signing up as “Oath Keepers”, and they will defend the Constitution to the letter, and will NOT FOLLOW any Government orders telling them to kill fellow-american patriots or to seize American’s weapons. Our corrupt political “servants” in Washington will soon be getting very nervous as they see more and more Americans understanding the source of their sufferings.
Even Thomas Jefferson said that “rebellion is necessary for the preservation of a true republic”. Well folks, if we want to preserve our republic, be ready to fight off the enemies and their desire of a one-world government.
I am like millions of americans who have lost most of their retirement in this corrupt stock market. Our political “servants” managed to pass the 1000 page Bailout package for their buddies in Wallstreet and the Big Fat Cat Bankers, and our “servants” did not even take the time to read the bill. Bammm—zapppp! In minutes they shell out almost a trillion dollars to their wealthy corrupt buddies who then spend it in lavish bonuses, parties, and and unheard list of luxuries. What money is left in the bank’s vaults never made it to mainstreet to help those unemployed or losing their homes.
Think about the corrupt Federal Reserve and how it sucks the lifeblood out of average americans. As they “print” these trillions of fresh dollars and pass it to their wealthy banking and wallstreet buddies, the ugly creature called “Inflation” suddenly begins to grow and grow and grow. This inflation is going to cause the cost of all essential products to rise, which is the hidden tax on the average american. The FED gives “our money” to the banks at 0 percent interest, and the banks immediately turn around and buy U.S. Governtment T-bills paying 4-5%. You would have to be an idiot not to make a fortune as a banker! So, instead of lending the money to americans as they should, these creeps do not want to risk “their” money on americans, but instead get “free” profits from the U.S. Govt thru the interest on the T-Bills. So, it makes you wonder how these big banks can be failing in the first place. Well, one word is the answer…..GREED.
Patriots accross this devastated nation…..its time to take back our country! Buy your weapons, as much ammo as you can (before it is seized due to a crisis), stockpile your food, and if there is anything left, be sure to dump your dollars for silver coins. Patriots…..United we stand, divided we fall.

By: jtuck004

jtuck004 — Sun, 20 Jun 2010 22:29:34 +0000

Forgiving all the debts and starting over is a great idea. Problem is, as a nation we owe how many trillion dollars? Who is going to forgive that? And although I like the idea of forgiving all personal debt, because then peopel could afford greater taxes to pay the deficit, what banks are going to accept having all their assets devalued?

We need government to invest in this country and our people – rebuild infrastructure and manufacturing which will put money directly into the economy, create some government-paid educational opportunities for adults to increase the skills everyone has not been working on, and fund some R&D into areas that we want to lead, such as batteries, solar, high speed trains, water resources.

By: Time To Blow

Time To Blow — Sun, 20 Jun 2010 00:51:33 +0000

It would be nice to get this party started – have everything collapse – and lets start fresh again.

Lets not delay whats coming any way – to make it worse.

Its like when you binge drink at night, wake up, and you know you have to puke, but you hate puking, so you dont.

Just puke and get it over already – and you will feel better!