By: Angry_Taxpayer!

Angry_Taxpayer! — Thu, 06 Sep 2012 02:40:32 +0000

People today should take the time to listen to those still around who lived through the Great Depression instead of assuming that things are different today and that it could never happen to us. It’s coming and soon. The only thing keeping inflation in check is the fact that Americans are too worried about the uncertainty of their futures to actually spend money. They don’t know how secure their jobs are, or when that pink slip is going to show up, or when their boss is going to announce that their company is closing the plant and moving it overseas because the tax rates are lower. So, they aren’t spending even with all of the easy money Ben Bernanke is pumping out at the Federal Reserve. But, when the economy does get going, which probably won’t be for some time, then prices will shoot through the roof to soak up all of this extra money and wages won’t rise fast enough to keep up with it. Anyone here remember stagflation from the ’70s? Wages were stagnant while prices rose because the value of money was being eroded by inflation. The 21% interest rates were an attempt to soak up the excess money and kill off inflation. That was the painful price for the mistakes made by the Federal Reserve in applying bad Keynesian policies to an already bad situation. Americans suffered needlessly during the Great Depression because FDR continued to make the same Keynesian policy mistakes despite clear evidence they weren’t working. FDR didn’t bring America out of the Great Depression – he made it worse than it had to be!

By: MrEd

MrEd — Thu, 06 Sep 2012 01:03:49 +0000

Talk about funding from the stating having “some uncertainty”, Ha! Wait a year or two. Government at every level is broke; the Federal gov’t has been covering it up with borrowed/printed money. Do you realize the federal government has already spent it’s entire actual income for this year, and they are spending 100% borrowed money now through December 31st. How long do you think they can keep that up?
Local government in little ole’ Lincoln parish will spend about $170 million dollars ($170,000,000.00) this coming year. A very significant portion of that amount comes from the state and the feds in one way or another, and when they don’t have it to send any more, it hits the fan ’round here. This does not include La Tech and Grambling state, without which you would be hard-pressed to find a ham sandwich in Ruston (think: Arcadia).
Are YOU ready for a financial collapse? For runaway inflation? read about Germany in the early 1920s: in 1923 they started making payroll every day at 11:00 AM, because the money was losing value too fast to hold overnight. All savings, insurance, etc was wiped out. God is the only trustworty option for people now. Do you have any MONEY, or just stuff (and debt)? Better get ready…

Comments on: Additional LPSB Reporting

By: Angry_Taxpayer!

By: MrEd