Post by Michael on Mar 22, 2009 6:58:57 GMT -5
New Post to our blog, I am going to try to start keeping it current. To much stuff to vent about not to. ;D
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Spend, Spend...Oh Yea, SPEND!
Well, It seems our government... with all its wisdom, Seem to think they can spend there way out of the hole we are in! But there is one problem, We are spending money that we do not have! We are having to borrow the money, And pay intrest on that money... Again, Money we do not have! They will try to tax the rich and get some of it back, but this will only hurt business and cause futher loss in our economy... But right, now... we are working on a 2 Trillion dollar debt (not counting the other 6 or 8 trillion that the federal reserve has spent without a single vote) And yet, banks are still failing.... Big business are still failing... Home prices are still falling, Forclouser rate is still climbing, Banks are not lending, stocks are still falling, jobless claims are growing.. You get the picture. Yet, We have spent almost 2 trillion in "bail outs" and things are still getting worse! So, what will the gov do? You guessed it! Spend some more, Just the other day it was reported that the federal reserve is going to buy over 1 trillion in us debt... another term for printing money! They are going to pull 1 trillion dollars out of thin air!! Well, It is no supprise gold has shot up! The value of the USD has crashed! it is at its 3rd lowest since the 70's I think. This is like them saying.... Well, Nothing else we have done has worked... So, lets double down and hope we get lucky! Problem is if they lose, they not only lose that trillion, They also send the country into what is called hyper-inflation! Want a Example? Look at zimbabwe. Yes, it COULD get that bad, I am not saying it will... But chances are getting better and better. Just think, In a couple years you may have to take a wheel barrow full of money to the store for a loaf of bread, Ofcourse...You will have to dump out the money and give them your wheel barrow!
www.thesouthernalliance.blogspot.com/
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Spend, Spend...Oh Yea, SPEND!
Well, It seems our government... with all its wisdom, Seem to think they can spend there way out of the hole we are in! But there is one problem, We are spending money that we do not have! We are having to borrow the money, And pay intrest on that money... Again, Money we do not have! They will try to tax the rich and get some of it back, but this will only hurt business and cause futher loss in our economy... But right, now... we are working on a 2 Trillion dollar debt (not counting the other 6 or 8 trillion that the federal reserve has spent without a single vote) And yet, banks are still failing.... Big business are still failing... Home prices are still falling, Forclouser rate is still climbing, Banks are not lending, stocks are still falling, jobless claims are growing.. You get the picture. Yet, We have spent almost 2 trillion in "bail outs" and things are still getting worse! So, what will the gov do? You guessed it! Spend some more, Just the other day it was reported that the federal reserve is going to buy over 1 trillion in us debt... another term for printing money! They are going to pull 1 trillion dollars out of thin air!! Well, It is no supprise gold has shot up! The value of the USD has crashed! it is at its 3rd lowest since the 70's I think. This is like them saying.... Well, Nothing else we have done has worked... So, lets double down and hope we get lucky! Problem is if they lose, they not only lose that trillion, They also send the country into what is called hyper-inflation! Want a Example? Look at zimbabwe. Yes, it COULD get that bad, I am not saying it will... But chances are getting better and better. Just think, In a couple years you may have to take a wheel barrow full of money to the store for a loaf of bread, Ofcourse...You will have to dump out the money and give them your wheel barrow!
www.thesouthernalliance.blogspot.com/
