Re: An apology to Digging4Truth and Edward Anglin
 

I am a conservative but I have been disappointed by the overspending of Republicans.

Re: An apology to Digging4Truth and Edward Anglin
 

Here is the situation we are in but in family terms.

Let's say you and your family were doing alright. You weren't getting rich but you weren't starving either.

Then you discovered you could have more stuff by using credit.

All of a sudden... a nicer house. New cars. Life is good.

You eat at the nice restaurants and grill around the pool.

But all of this is on credit.

Then you start having trouble making the payments so you start making payments on your credit with more credit.

Things get tighter and tighter and you have finally reached the place where you can't pay your mortgage... you can't pay the minimum payment on your credit cards etc.

There comes a time that the house of cards starts tumbling down. There comes a time when the facade cannot be maintained any longer and it usually comes down catastrophically.

Usually... once it starts crumbling you lose it all... fast.

That is where we are as a nation.

We have lived on debt and paid debt with debt until our only real asset is our ability to borrow.

The facade cannot be maintained any longer.

The day of reckoning for a society built upon debt is coming. And soon.

http://www.youtube.com/watch?v=hn5EP9StlVA

Re: An apology to Digging4Truth and Edward Anglin
 

Ok, so you guys have got me thinking.

I will probably have the chance to buy the house I am living in. I am way out in the country. I could dig a well, plant a garden, kill deer, and raise goats and chickens for milk and eggs.

I guess I will need some ammo and more guns so I better start investing now. And since I won't be able to buy ammo I better get a reloader so I we can melt down the silver for bullets if needed.

I mean seriously, how bad do you think it will get?

Re: An apology to Digging4Truth and Edward Anglin
 

:whistle

Re: An apology to Digging4Truth and Edward Anglin
 

well, D4T was. EA was.... I just apologized...

what more do you want?


Let me tell you my reasoning.

When GWB was president debt spending was less than 15% of GDP and the trajectory of the economy until fall of 2007 appeared to be going higher than the spending.

one could rationalize the spending being what it was due to 2 wars, was reasonable and within the capacity of the nation to absorb it.

Now that number has crossed 30% and is headed toward 60% of GDP and at the same time the economy and GDP growth is going in the opposite direction.

Those are my reasons for the mistake I made and the reasons why it might be too late to correct now.

Re: An apology to Digging4Truth and Edward Anglin
 

Well, the first thing you do is not panic.

Sell the car, start renting a small apartment, and then pay off the debt like Dave Ramsey says.

Most people I know are living way better than they could get by on. Part of the reason people are in debt is because of the high cost of housing. Housing is now affordable and this "collapse" was needed to help the next generation of families afford housing. A lot of folks made a lot of money on the housing bubble and some lost.

Look, the government could gut back spending a little and allow drilling in closed oil fields and the economy would start booming.

Obama is setting us up for a little heartache but a little tightening up never hurt anyone.

Re: An apology to Digging4Truth and Edward Anglin
 

how bad has history shown it to be....

and to answer the other question, I think we already pointed to the reasons why there could very well be a major collapse in the near future.

Re: An apology to Digging4Truth and Edward Anglin
 

I have access to far too much inside information in business.

We need a Reagan more than ever and we got a Nixon/Carter hybrid.

Re: An apology to Digging4Truth and Edward Anglin
 

Delta my friend. Answer this question. Do you see this government (republican and democrat) cutting spending? do you see it happening?

Do you actually think this president has any intention of cutting any spending at all?

Re: An apology to Digging4Truth and Edward Anglin
 

Well... Let me make a point.

This is the way I feel things will go but I don't make the moves I make out of fear nor do I make the moves I make thinking I will save myself. God is my only refuge but I am attempting to make adjustments to my life that I feel are more in line with what I feel to be God's desire for my life.

Having said that...

I now have chickens & a cow. I used to have goats but they are too much trouble for the facilities that I have. They do well in many conditions but I didn't have what it took to keep them. If I get into another equally sized animal I will try sheep next. I have 2 piglets coming next week.

As far as hunting... guns will be more and more controlled and ammunition will be harder and harder to get. We now have a crossbow. In Arkansas you can hunt five months out of the year if you use some type of bow. With a cross bow I can retrieve my ammunition so the need for reloading etc is not there.

The time will come that you won't be able to buy ammunition without identifying yourself as a hunter and the government is working to control even the smallest ability to live self sufficiently. So, for now, I feel some wisdom in going with the crossbow. It is also a quiet weapon that does not disturb neighbors.

We are trying to get a well drilled and would like to make that well solar powered.

There is also a device (available in a solar powered version) that pulls water from the air and filters it so you will have availability to drinking water without a well.

There are lots of things that a person can do to become self sufficient but the main thing is this... I used to use my wealth to obtain more debt and, therefore, new & cool stuff.

I now use my wealth to decrease my dependency upon and my need for additional wealth. I feel this is wise for me and I walk according to that wisdom.

I don't do what I do out of fear nor do I do it to "save myself". I feel that the best I can do to "save myself" in any situation is to walk in a manner I feel is in keeping with the wisdom of my God.

Re: An apology to Digging4Truth and Edward Anglin
 

2 simple things I see ignored. I will say these are things republicans were right and Dems were wrong. We should have drilled. Drilled and announced more drilling. Had we done so, we would have shipped 1.5 trillion less to the Arabs. Had we even announced drilling, it couldn't have hit 100 dollars a barrel. This trillion is money sent to Arabia.

Bear Stearns and lehmen Bros were writing subprime paper and selling collaterilized debt securities. PNB Paribas even got bucket loads and last septermber lost a market for the junk.

AIG was selling insurance against defaults.

Then the Mark to market started the shorts and their selling. Barnie Frank was our Ballooon boy.

We had 2 bubbles and one big bleeder. Geithner and gang are trying to create another bubble to cover the last ones. We need fundamental growth and not a bubble.

Re: An apology to Digging4Truth and Edward Anglin
 

What we need is Ron Paul.

Re: An apology to Digging4Truth and Edward Anglin
 

Well interest on debt was $400 billion this year. Our GDP is 14 trillion. That means we are spending 2.857% of our GDP on interest.

Now I am not totally disagreeing with you. I think debt it bad and I really don't like the direction we are headed and I pray we get some conservatives in there who will fight to get spending under control.

Re: An apology to Digging4Truth and Edward Anglin
 

But, what can a single woman like me do?

I can't hunt.

Re: An apology to Digging4Truth and Edward Anglin
 

You can move to Canada. :ursofunny

Re: An apology to Digging4Truth and Edward Anglin
 

Well, even though I think you guys are overreacting I think it is a good idea to plan ahead. And maybe a little overreacting is what we need to get things back on track.

Re: An apology to Digging4Truth and Edward Anglin
 

Feeling the love! :sad:ursofunny

Re: An apology to Digging4Truth and Edward Anglin
 

Like my wife and I had discussed... worst case scenario... this is what we feel is wise anyway. This is what we want anyway.

I hope you are right.

Re: An apology to Digging4Truth and Edward Anglin
 

You know everytime we have a tornado or hurricane or something I always think that it would be a good idea to have a was to be self-sufficient.

Re: An apology to Digging4Truth and Edward Anglin
 

Ron paul is right in that he is making progress with a bill to get disclosure for the Federal Reserve.

Ron Paul and his Austrian School Economics are not only a pre industrial model, the Austrian school has never even been tried in a country.A non modern model he pushes would fit like a fish needs a bicycle.

Re: An apology to Digging4Truth and Edward Anglin
 

You do what each one of us do.

Pray for God's leading in your life. Do all you can and He will take care of the rest.

In the end our trust is in God but there are many who plan on trusting in God in the end but do not want to trust in His wisdom now because it goes against what they want.

Re: An apology to Digging4Truth and Edward Anglin
 

Well, all I have to say is, the majority of you voted for Obama (except Ferd) so It's a little too late to be complaining now.

I knew people would regret it but they got caught up in all the 'change" hoopla without facing the truth of what was to come

Re: An apology to Digging4Truth and Edward Anglin
 

Well, I did get completely out of debt except for my home. So, I've been making some plans. I only use cash to buy things now - no credit.

Re: An apology to Digging4Truth and Edward Anglin
 

Ron Paul is not about... gold standard or else.

Ron Paul is about getting back to some fiscally sound money. He is open to simply allowing competition against the FRN. He is open to many scenarios. But the main thing is that his ideas and the scenarios he is open to begin a move away from the waterfall this ship is headed to now.

Re: An apology to Digging4Truth and Edward Anglin
 

It's not to late to turn around, however what you say is true. And these two were not the only ones around here harping on it.

GW helped a lot by spending us into debt too....and he's supposed to be a reupublican! If that wasn't a wake up call I don't know what is. I've been saying for years both sides have the same essential goal in mind, though they talk a different game, the end result is the same.

The mess really is bigger and growing faster under Obama

Re: An apology to Digging4Truth and Edward Anglin
 

I didn't vote for him

Re: An apology to Digging4Truth and Edward Anglin
 

Yes ma'am. These are moves that will bless you no matter what the economy does.

Wise moves for which you should be praised and feel good for making.

Re: An apology to Digging4Truth and Edward Anglin
 

Buy some traps.

We raise wheat on the farm and have a little flour mill. Fresh bread

Re: An apology to Digging4Truth and Edward Anglin
 

Everything that happens. All the fearmongering warnings. All the financial collapse. All the terrorist attacks are for one purpose....order out of chaos

Re: An apology to Digging4Truth and Edward Anglin
 

Unless you live on a farm or in an area that is heavily wooded, that is not gonna help

Re: An apology to Digging4Truth and Edward Anglin
 

Yep... the American public will go scrambling to the government to bail them out of the chaos they created themselves when it all happens.

Re: An apology to Digging4Truth and Edward Anglin
 

Ah, thank you. My dad was proud of me too - lol!

Re: An apology to Digging4Truth and Edward Anglin
 

I did not vote for Obama, I voted for Bush...twice.

But Bush was a joke of a president. He is the worst Republican president in history.

The situation we are in is bigger than two-party politics. In fact, I see very little difference between the donkeys and elephants nowadays. The republicans seem to want a little less of anything the dems want.

A little less abortion, a little less spending, a little less environmentalistic frenzy, a little less government control....yada, yada, yada.

This situation was conceived in the idea that we Americans "deserve" certain things.

That we deserve the newest cars, a second home, multiple credit cards and name brand everything. This attitude infects us to the core. It has poisoned the very heart of our government.

For gosh sake, what was GW's advice to American's after 911? What did he think would defeat terrorism? Spend! Spending!

You were unpatriotic if you weren't spending.

Re: An apology to Digging4Truth and Edward Anglin
 

you can can?

that was funny.

Re: An apology to Digging4Truth and Edward Anglin
 

I have not gotten to the place where I think Ron Paul is the answer....

Re: An apology to Digging4Truth and Edward Anglin
 

Watch how many times something bad happens to someone and we Americans say "you deserve better."

Extreme Home Makeover is full of hard-luck stories of people who supposedly "deserve" a new house because tragedy befell them.

Deserve?

Really?

How stupid is that?

Finances are emotionless. The balance sheet doesn't care what your excuse is. Bad decisions lead to bad lives. Good decisions lead to better lives.

None of us "deserve" anything simply because we are American. None of us "deserve" what our neighbor has.

Get your butt to work. Quit whining about what everybody else has. Stop envying.

Sheesh.

Re: An apology to Digging4Truth and Edward Anglin
 

China won't be calling the USA debt anytime soon, because without America buying her goods she collapse. So, if China calls our debt and we collapse, China get the double whammy of the lost of it biggest market and our debt payments.

The last thing China wants is her masses of people out of work!!

But you are right we are not doing well, the world economy is actually in danger.

Re: An apology to Digging4Truth and Edward Anglin
 

I agree everyone should work, but most on EHM are working - there usually is other hardships that befall them.

Re: An apology to Digging4Truth and Edward Anglin
 

The side of it I see is this...

Hey... you are in bad shape... a nice big fancy house that you probably can't afford to even heat & cool is exactly what you need.

Bigger stuff is the answer
Fancier stuff is the answer.

In all probability they have to at least pay a tax on the dollar amount that their property was improved. How many of them can even afford that?

I wonder how many people that show eventually puts into ruin?

They can come to my house. Put solar panels up, drill me a well with a solar powered pump, mend my fences.

Then again... I'll do it myself. Thanks anyway. :)

Re: An apology to Digging4Truth and Edward Anglin
 

What does dancing have to do with anything? :ursofunny

I could can, but I don't have a garden. I'll just buy up extra canned food from the store.