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47% Government Dependency; Is our Dollar Headed for Collapse?

jr 2012/09/18 11:42:12
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The latest contrived liberal crisis, is a statement from Gov. Romney, discussing the difficulty of getting elected, with a huge number of voters that are dependent on a government, against an opponent that is encouraging and enabling this dependency behavior.

All appears to be fine in the life of Riley, where cell phones, food, and housing are all free, but as responsible individuals we have to ask the question, what happens when the money runs out? It is becoming obvious this is the intent of the Democrat party is to collapse our dollar , but have they considered how they will feed these dependents when they reach their goal?

It appears the democrats have contrived a scheme to perpetually insure their hold onto power by exploiting this dependency behavior, but have they considered consequences when it collapses our dollar?

Excerpts, US Treasurys are "Junk" Dollar Headed for Collaspe: Schiff

The greenback and the U.S. bond market are headed for a collapse as the
U.S. Federal Reserve loses the ability to service the nation’s debt with
“artificially low” interest rates, Peter Schiff, CEO of Euro Pacific
Capital told CNBC on Wednesday.

“And the only reason that the U.S. government can pay the interest on
the debt, and I say ‘pay’ in quotes because we never pay our bills. We
borrow the money so we pretend to pay, but the only reason we can do it
is because the Fed has got interest rates so artificially low.”

Obama

Read More: http://www.cnbc.com/id/47256715/US_Treasurys_Are_J...

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  • Schläue~© 2012/09/18 12:14:11 (edited)
    Yes
    Schläue~©
    +17
    Economists everywhere, have been saying that we are headed for a deeper recession in 2013 no matter what happens between now & January and Bernanke has just made the past 3-1/2 years even worse with plans for QE3. This is the 0bozo economy and he OWNS it.

    When Barry Soetoro was running in 2008, I said that one of his big goals would be to get 55% of America on goobermint entitlements. He fell a bit short but one would have to thank the TEA Party revolt in 2010 for that.

    Romney is 100% correct in his statement and it's too damn bad if it makes the Proglodytes heads explode becase he speaks the truth instead of giving America false hopey-changey BS, constant lies about the true numbers and pathetic state of the Union.

    Here's part of Romney's statement.

    "There are 47 percent of the people who will vote for the president no matter what. All right, there are 47 percent who are with him, who are dependent upon government, who believe that they are victims, who believe the government has a responsibility to care for them, who believe that they are entitled to health care, to food, to housing, to you-name-it. That that's an entitlement. And the government should give it to them. And they will vote for this president no matter what ....These are people who pay no income tax."

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  • us 2012/09/21 15:35:41
    Yes
    us
    What hurts america, president printing money, and he does not understand. Yes we
    worked some made good money, some don't, But no matter who you where you would
    sometime donate to help other in the time of need, America was always good at helping others, and when things happen here, we help are own people no one in other countries
    sent there money here. But it has always been the individual people who help out,
    and donate, some donate more than others, but that is what makes america.
    Healthcare bill, should have been different individual states, not a federal government
    because that money will for everything but what it was intended, doctors already hate
    waiting on the government. Heart of america was to always help, but now we are in
    trouble be we have a out control congress, president and his wife. When I was growing in the 70's there where people then on wealthware that shouldn't they try to change it,
    but it didn't work. Remember nothing is for free.
  • shadow76 2012/09/21 02:23:24
    Yes
    shadow76
    +1
    Well we are running out now! The question is are these dependants going riot like Greece?
  • CHUCK 2012/09/21 01:41:21
  • Stevethinks 2012/09/19 23:54:06 (edited)
    Yes
    Stevethinks
    +1
    NO NO NO NO! The TIPPING POINT is not when the people are relying on the government for 50% or more to live; It's when the government is printing, borrowing and stealing 50%or more. We are there now!
  • Minnie 2012/09/19 22:04:49
    Yes
    Minnie
    +2
    The only way to start to turn it around is to get rid of obama... and in 8 years replace Romney with a real Conservative
  • Quietman ~PWCM~JLA 2012/09/19 15:49:04
    Yes
    Quietman   ~PWCM~JLA
    +1
    With QE III coming it is!!
  • EllЕ 2012/09/19 12:47:47 (edited)
    Yes
    EllЕ
    +2
    "U.S. debt is on track to be nearly twice the size of the U.S. economy by 2037, the nonpartisan Congressional Budget Office (CBO) warned Tuesday.

    The new CBO report states that increased entitlement spending and insufficient revenue is making the long-term outlook for the national debt increasingly dire.

    Debt held by the public would reach 109 percent of the economy by 2026, and it would be almost 200 percent of GDP by 2037.
    


    Many economists have warned that if debt held by the public approaches 100 percent of GDP, it can bring on the kind of fiscal crisis being felt in European countries today, in which governments must suddenly slash spending and laying off workers in the face of rising interest rates caused by spooked investors. 

"
  • STU~PWCM~JLA~POTL~AFCL 2012/09/19 11:52:01
    Yes
    STU~PWCM~JLA~POTL~AFCL
    +2
    In all likelihood, we will suffer a dollar collapse. Counting both official investor owned debt, plus off balance sheet unfunded liabilities, we owe $105 trillion, or 700% of GNP. Given the unwillingness of Congress to cut operational spending, abrogate a major portion of the off balance sheet liabilities by reducing SS/Medicare benefits and ending the policy of providing full faith and credit backing for federal agency debt, and boosting revenue by scrapping the FIT and replacing it with a flat national sales tax (at about 17-20% of end consumer purchases), no fiscal solution is being offered. Eventually, we will have to monetize or default. At that point the dollar will depreciate severely.
  • nonnonsenseguy 2012/09/19 09:17:13
    Yes
    nonnonsenseguy
    +3
    Its not looking good.
  • mrdog 2012/09/19 07:44:32
    Other
    mrdog
    +2
    O re-elected...dollar is done...Mitt...dollar will be okay...bark
  • ComeOnNow 2012/09/19 04:17:06
    Yes
    ComeOnNow
    +3
    Remember right after the election of Obama when there was the prank where someone said that there was a place giving out Obama money and thousands showed up looking for handouts? Can you name one speech Obama has ever made where he was not promising free stuff to his thief supporters? Even he knows that democrats are nothing but thieves looking for hand outs. He is the candidate of buying votes by stealing from other equal Americans and the democrats that are into stealing from others are not going to vote for Romney. This is common sense really. Of course democrats are going to cry about it even though it is true. Democracy are naturally whiny people that always cry about the truth.
  • Irish little 2012/09/19 03:57:02
    Yes
    Irish little
    +3
    When every one is on the GOV'T dole who the hell will pay all the bills?? A gov't run country will not fly.
  • rk 2012/09/19 03:30:08
    Yes
    rk
    +2
    And only mitt will even try to fix it Obama is promoting it and trying to speed it up.
  • Murph 65 2012/09/19 03:23:39
    Yes
    Murph 65
    +2
    If you don't have a wheelbarrow I suggest you get one because you're going to have to fill it to go buy bread - or, instead, to keep that from happening, we may well be moving into another war and this one will make WWI and WWII look like tea parties.
  • YesME 2012/09/19 02:34:23
    Other
    YesME
    lol gif

    We have GOT TO get a handle on these folk who feel entitled to gubment handouts

    woman
    hand
    manoman
    medicare
  • ruru 2012/09/19 02:20:35
    Yes
    ruru
    +4
    Now that the Fed is printing money with no end in site, the dollar is definitely headed for collapse.
  • D D 2012/09/19 02:17:19
    Yes
    D D
    +6
    An economic collapse is inevitable.

    cuio

    ghiot
  • EllЕ D D 2012/09/19 13:19:39 (edited)
    EllЕ
    +4
    Actuall quote: “Any fourth grade history student knows socialism has failed in every country, at every time in history,” said Putin. “President Obama and his fellow Democrats are either idiots or deliberately trying to destroy their own economy.”

    history putin president obama fellow democrats idiots deliberately destroy economy
  • redhorse29 2012/09/19 02:07:49
    Yes
    redhorse29
    +3
    The dollar is on a crash course and the root of this question has noting to do with it. The real cause will be the unstoppable growth in support of state and federal salaries, cost of doing business, benefits, and military expenditures to long term police actions ordered by politicians.
  • MR. 2012/09/19 00:44:48
    Yes
    MR.
    +2
    Money is a mechanism for control. (D. Korton) *(ROMNEY/RYAN 2012') -"These two know time is running out on, America!"- [It's occurring worldwide daily!]
  • KCurtis 2012/09/19 00:09:17
    No
    KCurtis
    +5
    Not if we turn the tables.
    romney ryan
  • Temlakos~POTL~PWCM~JLA~☆ 2012/09/18 23:33:25
    Yes
    Temlakos~POTL~PWCM~JLA~☆
    +4
    Everything will collapse if Obama wins again.
  • charles nelson 2012/09/18 23:14:47
    No
    charles nelson
    +1
    You guys are so silly
  • teigan charles... 2012/09/20 02:39:56
    teigan
    +1
    No they're AWAKE!
  • charles... teigan 2012/09/20 15:37:27
    charles nelson
    Well go back to sleep and dream of beautiful things.
  • teigan charles... 2012/09/20 20:20:11
    teigan
    +1
    I prefer reality, you should try it.
  • charles... teigan 2012/09/20 20:30:33
    charles nelson
    have seen it and it can be scary. How about just think beautiful thoughts.... you'll feel better.
  • teigan charles... 2012/09/20 20:39:51
    teigan
    +1
    Only dimwits live in wonder wonder land. I prefer reality, scary as it might be. Truth over fantasie. Try it sometime.
  • charles... teigan 2012/09/20 20:47:50
    charles nelson
    no I'm not talkin about Mayberry scary. I liked Andy too.
  • teigan charles... 2012/09/20 21:13:15
    teigan
    +1
    Me either, it's Obama scary.
  • charles... teigan 2012/09/20 21:44:30
    charles nelson
    Don't know how old you are but there have been much scarier times.
  • teigan charles... 2012/09/20 22:01:19
    teigan
    +1
    There are much scarier times ahead if he is re-elected.
  • charles... teigan 2012/09/20 23:40:08
    charles nelson
    Not talkin about Mayberry and I'm sure be just fine for you.
  • teigan charles... 2012/09/20 23:44:34
    teigan
    +1
    No talking about America either if Obama is elected. I already have a nice place picked out to move to.
  • charles... teigan 2012/09/21 00:08:30
    charles nelson
    your not going to be one of those traitor expats are ya
  • teigan charles... 2012/09/21 05:15:10
    teigan
    +1
    Why would you say that, Obama is the traitor, he's a trojan horse. Born, raised and educated to bring America to it's knees. Those that choose to vote for him deserve what they get. I won't be here to see their destruction.
  • WhereIsAmerica? ~PWCM~JLA 2012/09/18 23:01:21
    Yes
    WhereIsAmerica? ~PWCM~JLA
    +2
    No doubt about it, and other players (like Germany and China) are poised to become the world reserve currency, and when that happens, say hello to being just like Greece or worse. If we do not stop the insane spending, it will happen, and probably much sooner than most think.
  • RogerRover 2012/09/18 22:52:23
    Yes
    RogerRover
    +4
    Quantitative easing. Monetize the debt. Crap talk. Why don't they just come out and say it? We're trying to print and borrow ourselves out of the biggest crisis since we've been a nation? Borrow yourself rich. Ridiculous! Oh but notice we're proppin' up the economy just before the election. What a coincidence! Kick the can down the road.. Three credit downgrades under Obama. Absolutely disastrous! Does anybody care? Are we all asleep?
  • Picasso's Cat 2012/09/18 22:34:46
    No
    Picasso's Cat
    nuff said
    nuff said
  • WhereIs... Picasso... 2012/09/18 23:03:53
    WhereIsAmerica? ~PWCM~JLA
    +4
    Government is NOT supposed to support you cradle to grave, you have been brainwashed by the Socialists who are destroying this once great country.
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