“Do not store up for yourselves treasures on earth, where moths and vermin destroy, and where thieves break in and steal. But store up for yourselves treasures in heaven, where moths and vermin do not destroy, and where thieves do not break in and steal. For where your treasure is, there your heart will be also.
...or as Hemingway wrote, "How did you go broke? Slowly... then suddenly."
We are about to find out the latter part of the equation.
And I can ASSURE you the ignorant leftists will, as Warrren Buffet said, be caught naked when the tide goes out with their investments, then swamped when the tsumani races back in.
I warn people regularly, and almost zero listen. Too bad, but they were indeed warned
The demise of the dollar is exploding, truly the end stage. The default can not be far off, and none of the politicians are talking about it. Distraction for Rep. Trump and the Speaker vote. Dem. Biden and his son. No coincidence all perfect timing and planned.
Jesse Watters had a segment on FOX News last night, where he talked about a lot of the pork spending projects. He compared what our government spends on doing something to what it should cost. The difference was almost unimaginable.
I shudder to think how this crisis will end, but end it will.
I knew a couple that was about to claim bankruptcy and was advised by there lawyer to max out there credit cards since they would never have to pay anything back. That's what the gov't spending reminds me of.
The debris not just our collective national debt, but a significant portion also carry huge personal debt, between mortgages, car payments, and credit card debt. That doesn't include college loan debt, and then there are the unfunded liailities carried atthe state or local levels, about which most have no clue. To be honest, I only learned about those by attending city council meetings, in mylater yrs. But they are a big part of the coming crash too.
401k, social security, disability, welfare payments will not be around in the near future. We told our family member to pull all of his fireman retirement out before the pandemic but he thought we were crazy. He had almost $900,000. Soon after, the mayor told his first responders they were pulling back all the match money which our family member lost over $300,000 over night. A couple more incidents happened with first responder retirements and his retirement is now down to $350,000. Then they told them they can't pull out all the money because they don't have enough to cover it. So, now they can only pull out a certain percentage monthly or quarterly. He won't talk to us now. We pray for him daily.
That is sad; you tried to ward him! His losses are not your fault. I, personally, have been expecting the coming crash since the mid '70s, and know it will make '29 look like a walk in the park. Most think I'm nuts too.
“Do not store up for yourselves treasures on earth, where moths and vermin destroy, and where thieves break in and steal. But store up for yourselves treasures in heaven, where moths and vermin do not destroy, and where thieves do not break in and steal. For where your treasure is, there your heart will be also.
And the government takes what you have saved, and gives it to those that spent theirs.
...or as Hemingway wrote, "How did you go broke? Slowly... then suddenly."
We are about to find out the latter part of the equation.
And I can ASSURE you the ignorant leftists will, as Warrren Buffet said, be caught naked when the tide goes out with their investments, then swamped when the tsumani races back in.
I warn people regularly, and almost zero listen. Too bad, but they were indeed warned
Thanks Michael. God Bless.
The demise of the dollar is exploding, truly the end stage. The default can not be far off, and none of the politicians are talking about it. Distraction for Rep. Trump and the Speaker vote. Dem. Biden and his son. No coincidence all perfect timing and planned.
Jesse Watters had a segment on FOX News last night, where he talked about a lot of the pork spending projects. He compared what our government spends on doing something to what it should cost. The difference was almost unimaginable.
I shudder to think how this crisis will end, but end it will.
I knew a couple that was about to claim bankruptcy and was advised by there lawyer to max out there credit cards since they would never have to pay anything back. That's what the gov't spending reminds me of.
They are just printing funny money now, right ?
Billions to Ukraine.
https://www.cfr.org/article/how-much-aid-has-us-sent-ukraine-here-are-six-charts
Small Change to Help EV Industry ......
https://www.wnd.com/2023/09/biden-handing-100-million-help-ev-industry-disadvantaged-communities/?utm_source=Email&utm_medium=wnd-breaking&utm_campaign=breaking&utm_content=breaking&ats_es=2205570a6a04467a687e555bd4587825&ats_ess=152a7a8822cd370d6a4365c6661bb30548fe06d30e9a974044e06734f1f1ef35
Biden Gives $9 Billion More Of Student Debt Relief To 125,000 Borrowers
https://www.oann.com/newsroom/biden-gives-9-billion-more-of-student-debt-relief-to-125000-borrowers/
The debris not just our collective national debt, but a significant portion also carry huge personal debt, between mortgages, car payments, and credit card debt. That doesn't include college loan debt, and then there are the unfunded liailities carried atthe state or local levels, about which most have no clue. To be honest, I only learned about those by attending city council meetings, in mylater yrs. But they are a big part of the coming crash too.
401k, social security, disability, welfare payments will not be around in the near future. We told our family member to pull all of his fireman retirement out before the pandemic but he thought we were crazy. He had almost $900,000. Soon after, the mayor told his first responders they were pulling back all the match money which our family member lost over $300,000 over night. A couple more incidents happened with first responder retirements and his retirement is now down to $350,000. Then they told them they can't pull out all the money because they don't have enough to cover it. So, now they can only pull out a certain percentage monthly or quarterly. He won't talk to us now. We pray for him daily.
That is sad; you tried to ward him! His losses are not your fault. I, personally, have been expecting the coming crash since the mid '70s, and know it will make '29 look like a walk in the park. Most think I'm nuts too.