Glad to see the republican party stand up to this pork and vote against it. Now we need the republicans in the senate to kill this POS pork bill. Make Obama and the democrats take out the pork and add real infrastructure spending.
Originally posted by: JohnOfSheffield
Originally posted by: JS80
Originally posted by: JohnOfSheffield
You REALLY don't get this, do you.
OH LOOK AT ME I'M BRITISH I'M SO ENLIGHTENED AND SO SMART I HAVE A BRITISH ACCENT!
Please come back to me in a year when gold is down 25%+.
You do realise that you are making a complete fool out of yourself with that "I AM BRITISH" idocy? No? Well you are.
The point is that Gold and Silver retains it's value regardless of the currency you stupid fucking twat.
Who's going to want your shiny metal when there is deflation and the economy starts to break down? And when the market picks back up and it's all the rage to be in equities, will gold futures holders keep their money in a shiny metal?
I know economics is hard to understand. Don't quit your day job.
We'll see who the fool is you fucking british prick.
The only way Gold goes to astronomical prices is if the US for some insane reason goes to a partial gold standard. Which makes no fucking sense, because there's no difference between a shiny metal and a pretty piece of paper.
JohnOfSheffield
Lifer
- Jun 26, 2007
- 11,925
- 2
- 0
Originally posted by: JS80
Originally posted by: JohnOfSheffield
Originally posted by: JS80
Originally posted by: JohnOfSheffield
You REALLY don't get this, do you.
OH LOOK AT ME I'M BRITISH I'M SO ENLIGHTENED AND SO SMART I HAVE A BRITISH ACCENT!
Please come back to me in a year when gold is down 25%+.
You do realise that you are making a complete fool out of yourself with that "I AM BRITISH" idocy? No? Well you are.
The point is that Gold and Silver retains it's value regardless of the currency you stupid fucking twat.
Who's going to want your shiny metal when there is deflation and the economy starts to break down? And when the market picks back up and it's all the rage to be in equities, will gold futures holders keep their money in a shiny metal?
I know economics is hard to understand. Don't quit your day job.
We'll see who the fool is you fucking british prick.
Oh for the love of GOD, the currency doesn't fucking matter, lets say Gold is at 100 ok, so the currency goes down the shitter and now gold i worth 200 it's still worth the fucking same regardless of what the currency is at if the currency deflates, it's now worth 50 but it's STILL worth the same value.
I'm going to end this right here since you obviously have a problem with me right now and you're either psychotic or drunk/high there is no use continuing this discussion.
I thought i had explained it to you when i said it will retain it's value but obviously not.
Some people are just too fucking stupid to explain this to.
I like the bill. Almost all of it is going towards actually helping people. I'm not sure I would really call it a stimulus bill either but it's mostly going towards helping us take care of neglected sectors of our society like healthcare.
JohnOfSheffield
Lifer
- Jun 26, 2007
- 11,925
- 2
- 0
It's kinda funky because there is no nation in the world that spends more tax payer money on healthcare than the US and the US dosn't have socialised healthcare.
Note that this is tax payer money, not insurance, yet you guys spend more than any other nation IN TAXES for your healthcare.
frostedflakes
Diamond Member
- Mar 1, 2005
- 7,925
- 1
- 81
Yeah I never really understood that either.
It might be because we have so many different health care programs, having everything consolidated into one program would probably reduce a lot of the administrative costs. For example, there's Medicare/Medicaid, and now Congress is trying to push through new child healthcare program for families who are above poverty but don't earn enough to be able to afford private coverage. Why do we need to have a new program for this instead of just expanding coverage of the Medicaid program? And then there are programs like Medicare Part D, which seem more like a handout to the pharmaceutical companies than a genuine attempt at helping people with prescription drug costs.
And people wonder why Americans have no faith in their government.
ericlp
Diamond Member
- Dec 24, 2000
- 6,137
- 225
- 106
http://online.wsj.com/public/r...info-STIMULUS0109.html
It seems to be better then the repubs just handing out money like candy to the Rich... At least it's going to the states I kinda like it. But, I don't really see much strings or accountability other then WE hope each state uses the money wisely.
Time will tell.
It seems to be better then the repubs just handing out money like candy to the Rich... At least it's going to the states I kinda like it. But, I don't really see much strings or accountability other then WE hope each state uses the money wisely.
Time will tell.
Health care in the US isn't neglected because of the money we spend, it's neglected due to the catastrophically awful system we have in place to use that money. It's like saying a kid that's home alone all the time isn't neglected because his parents bought him a power wheels.
StageLeft
No Lifer
- Sep 29, 2000
- 70,150
- 5
- 0
I got to update the second prediction in my signature
I think these stimulus packages are mostly a waste of time at this stage. The focused injections to the banks perhaps are of merit but this laissez faire thing they're now doing is simply not going to work and you can "bank" on it.
Regarding gold, if the US dollar is to become so much toilet paper, it will be good to buy gold beforehand. If deflation comes along, which means that the value of money has increased; i.e. a bigmac was $4 yesterday but today is $3, gold or any commodity is a bad thing to have; you want cash, because with people willing to spend less, prices on everything go down, including something like gold.
I think these stimulus packages are mostly a waste of time at this stage. The focused injections to the banks perhaps are of merit but this laissez faire thing they're now doing is simply not going to work and you can "bank" on it.
Regarding gold, if the US dollar is to become so much toilet paper, it will be good to buy gold beforehand. If deflation comes along, which means that the value of money has increased; i.e. a bigmac was $4 yesterday but today is $3, gold or any commodity is a bad thing to have; you want cash, because with people willing to spend less, prices on everything go down, including something like gold.
Are you talking about TARP? The one were bush wanted the money to be spent on buying bad credit but the democratic house and senate spent the funds to nationalize the banking system by buying stock instead.
You should be the one using your search engine.
"Never let a serious crisis go to waste. What I mean by that is it's an opportunity to do things you couldn't do before."
The "stimulus" package only goal seems to stimulate all of the democrats? pork spending wet dreams.
This pork bill will exacerbate the recession into a possible depression--by pulling stealing private money (taxation) away from true job creation (private companies). Plus the rest below.
At best, this bill will lead to completely unmanageable debt, massive CONTINUED government spending, and the dollar not being worth the cloth it?s printed on.
Get ready for 10+% annual inflation and massive increased taxation in 2-5 years.
I'm going to have to increase my 401k contribution (currently at 21.6%) and make sure my Roth ira is full funded this year. Furthermore, I'm going to try to get my company to get a Roth 401k--that way I will actually be able to retire.
The "stimulus" package only goal seems to stimulate all of the democrats? pork spending wet dreams.
This pork bill will exacerbate the recession into a possible depression--by pulling stealing private money (taxation) away from true job creation (private companies). Plus the rest below.
At best, this bill will lead to completely unmanageable debt, massive CONTINUED government spending, and the dollar not being worth the cloth it?s printed on.
Get ready for 10+% annual inflation and massive increased taxation in 2-5 years.
I'm going to have to increase my 401k contribution (currently at 21.6%) and make sure my Roth ira is full funded this year. Furthermore, I'm going to try to get my company to get a Roth 401k--that way I will actually be able to retire.
boomerang
Lifer
- Jun 19, 2000
- 18,883
- 641
- 126
See, you don't understand. This is change we can believe in. It doesn't matter whether these are the right or wrong things to do. He was elected on the change platform and he's making changes. Promise kept!
Most of the forum members are too young to realize that this is not change. Those of us that have been around for more than the last three elections know that this is just Democratic thinking being implemented here. We've seen it before.
As political parties do, all blame for failure will be directed at the other party. The Roman Empire eventually collapsed and so shall we.
I need to do more research on where the money is actually going. Somebody mentioned 30 billion for actual infrastructure projects. That would be a god damned travesty.
But it doesnt surprise me this could be nothing but a payback to groups who helped democrats and personal pork barrel projects. These people are politicians afterall.
But it doesnt surprise me this could be nothing but a payback to groups who helped democrats and personal pork barrel projects. These people are politicians afterall.
When the bank bailout was passed, which party controlled both chambers of Congress (Congress being the governmental body approving this expenditure)?
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