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Re: AMERICA - then and now.......... 

By: Decomposed in 6TH POPE | Recommend this post (2)
Tue, 13 Jul 21 6:14 PM | 28 view(s)
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Msg. 20006 of 60014
(This msg. is a reply to 20002 by ribit)

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ribit:

Re: “Folks who don't pay taxes aren't going to be responsible for any of this either.”
NOBODY is taking ownership of this. It is the height of irresponsibility.

What will happen is that everyone owning dollars or dollar-denominated assets, everyone dependent upon government services and everyone with a job, will pay the price as the real value of those assets, services and salaries will go down and down and down, all the way to zero.

The Great Depression was a deflationary depression. If you had dollars or a job, you were in great shape. What's coming will be an inflationary depression. It's much worse. The only ones who will be relatively well off are the people with significant holdings with inherent value. And even those people will suffer as the systemic shock will be a jolt to everyone.








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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months




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The above is a reply to the following message:
Re: AMERICA - then and now..........
By: ribit
in 6TH POPE
Tue, 13 Jul 21 5:53 PM
Msg. 20002 of 60014

the national debt $28 trillion - about $85,000 per person...  

...wonder what that works out to the number of taxpayers we got. Folks who don't pay taxes aren't going to be responsible for any of this either. Has the left finally run out of "other peoples money" ???


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