I dunno Marlon. There's nowhere to run. Everywhere else in the world is going to be worse off than here.
A few days ago I read one of those "investor intelligence" sites and the author had pointed out that the middle east is buying gold. Hundreds of billions of dollars worth from many different nations. They're going to try to create a new gold-backed currency and demand everyone buy oil with their currency... for the rest of us that means gold. You know that won't work. Currently, money is fleeing the hedge funds and mutual funds and money market funds and is being tossed into federal bonds. That means, basically, that the world has stopped investing, and is likely out of cash or has decided to not part with it. It takes little to no imagination to realize that our government's not going to be able to borrow a lot more without running the interest rate up. At that point, if we print money... hyperinflation. If we don't, deflation. Either way, our industry is totaly dependent upon imports and imports are just not going to be happening if our money is worthless overseas. We'd be far wiser to invest in PRODUCTION capabilities here, so we can still have an industry. If you can't buy equipment, your business is hosed. What would it take to put something that's "standardized" and "commoditized" into production? I, for one, am paying off my home, cars, what little credit cards I have over the next 6 months. And not going to into debt again. Sadly, our governments (federal state and local) consume over 40% of everything we produce. We need to cut that back to half or less, so we can both invest and buy, and pay our debts as citizens and producers. and we need to let the non-productive stuff fold, and let everything that produces wealth go as unhindered as possible. But nobody is talking about that. Nope, they've whipped out the plastic and intend to spend 5 trillion this year alone, at the federal level... out of a 14 trillion dollar economy. It's insanity. ++++++++++++++++++++++++++++++++ <insert witty tagline here> ----- Original Message ----- From: "Marlon K. Schafer (509) 982-2181" <[email protected]> To: "WISPA General List" <[email protected]> Sent: Friday, January 30, 2009 3:05 PM Subject: Re: [WISPA] OMG... > I'll be personally lobbying AGAINST the porkbarrle bill. Giving more > money > to the liars, cheats, and thieves that trashed consumer (stock market > investors and purchasers) confidence in the first place isn't going to > help > anyone. In fact it's likely to make people hold on to their money even > tighter. > > After nearly a decade of having a LOT of money on credit cards (some as > high > as 30%) we're paying off the first one in the next few days. Another one > should fall in 2 or 3 months. By the end of the year, all things staying > as > they are now, we'll have nearly all of it paid off. > > Till now I've been building and building and building. Now I'm gonna pull > that back a bit and go into survival mode. Even though things are NOT > tight > for us right now. If things really do go to hell in a hand basket I want > to > be ready for it. If they only go to hell I want to be ready to pick up my > competitors at the fire sales. > > More government debt and/or money to my competitors won't make me spend > money. And spending is what it'll take to get things rolling nicely > again. > > So here's my plan. I'm gonna try to get this abomination stopped. If > (actually when) I fail at that I'll work to make sure that I get as much > of > it as I can. They WILL spend it. Might as well come my direction. > > In the old days our forefathers ran to America to get away from oppressive > government. Where are we supposed to run? Anyone want to help me start a > colony on the moon? > > deep sigh > Marlon > (509) 982-2181 > (408) 907-6910 (Vonage) Consulting services > 42846865 (icq) WISP Operator since > 1999! > [email protected] > www.odessaoffice.com/wireless > www.odessaoffice.com/marlon/cam > > > > ----- Original Message ----- > From: "Chuck Bartosch" <[email protected]> > To: "WISPA General List" <[email protected]> > Sent: Friday, January 30, 2009 11:20 AM > Subject: Re: [WISPA] OMG... > > >> >> On Jan 30, 2009, at 12:03 PM, RickG wrote: >> >>> But...IF it collapses, your $200k is worthless :) >> >> That's what I meant by "tails I win, heads you lose" ;-). >> >> Chuck >> >>> >>> Also, you didnt say what time frame for the collapse to happen. >>> Just my silly obsevation :) >>> -RickG >>> >>> On Fri, Jan 30, 2009 at 1:59 AM, Chuck Bartosch >>> <[email protected]> wrote: >>>> Tell ya what Mark. I'll bet you $10,000 the collapse won't happen. >>>> No, >>>> let's make it $100,000. Now, I'm serious! I'll even give you 2:1 >>>> odds. >>>> I'll give you $200,000 if it collapses. Deal? >>>> >>>> (Of course, ha gotta love these "tales I win, heads you lose" kind of >>>> bets ;-). >>>> >>>> Chuck >>>> >>>> On Jan 29, 2009, at 11:58 PM, [email protected] wrote: >>>> >>>>> Some of the financial and economic advisors I read from time to time >>>>> are in >>>>> deadly serious mode and I believe them. They're saying that unless >>>>> all >>>>> this debt and spending is stopped and stopped NOW, we're going to >>>>> face a >>>>> currency collapse as our currency depreciates to worthlessness. >>>>> >>>>> I can't believe a single one of us would be in favor of any of the >>>>> pork >>>>> barrell bills in Congress, much less raising money to lobby FOR >>>>> them. >>>>> >>>>> You want to lobby AGAINST there being any pork bills, I'll donate if >>>>> I can. >>>>> If you're going to lobby for them, I can only surmise than none of >>>>> you care >>>>> about our future so long as you get your handout NOW. >>>>> >>>>> >>>>> >>>>> >>>>> >>>>> ++++++++++++++++++++++++++++++++ >>>>> <insert witty tagline here> >>>>> >>>>> >>>>> >>>>> -------------------------------------------------------------------------------- >>>>> WISPA Wants You! Join today! >>>>> http://signup.wispa.org/ >>>>> -------------------------------------------------------------------------------- >>>>> >>>>> WISPA Wireless List: [email protected] >>>>> >>>>> Subscribe/Unsubscribe: >>>>> http://lists.wispa.org/mailman/listinfo/wireless >>>>> >>>>> Archives: http://lists.wispa.org/pipermail/wireless/ >>>> >>>> -------------- >>>> Chuck Bartosch >>>> Clarity Connect, Inc. >>>> 200 Pleasant Grove Road >>>> Ithaca, NY 14850 >>>> (607) 257-8268 >>>> >>>> If all is not lost, where is it? >>>> >>>> >>>> >>>> >>>> >>>> -------------------------------------------------------------------------------- >>>> WISPA Wants You! Join today! >>>> http://signup.wispa.org/ >>>> -------------------------------------------------------------------------------- >>>> >>>> WISPA Wireless List: [email protected] >>>> >>>> Subscribe/Unsubscribe: >>>> http://lists.wispa.org/mailman/listinfo/wireless >>>> >>>> Archives: http://lists.wispa.org/pipermail/wireless/ >>>> >>> >>> >>> -------------------------------------------------------------------------------- >>> WISPA Wants You! Join today! >>> http://signup.wispa.org/ >>> -------------------------------------------------------------------------------- >>> >>> WISPA Wireless List: [email protected] >>> >>> Subscribe/Unsubscribe: >>> http://lists.wispa.org/mailman/listinfo/wireless >>> >>> Archives: http://lists.wispa.org/pipermail/wireless/ >> >> -------------- >> Chuck Bartosch >> Clarity Connect, Inc. >> 200 Pleasant Grove Road >> Ithaca, NY 14850 >> (607) 257-8268 >> >> If all is not lost, where is it? >> >> >> >> >> >> -------------------------------------------------------------------------------- >> WISPA Wants You! Join today! >> http://signup.wispa.org/ >> -------------------------------------------------------------------------------- >> >> WISPA Wireless List: [email protected] >> >> Subscribe/Unsubscribe: >> http://lists.wispa.org/mailman/listinfo/wireless >> >> Archives: http://lists.wispa.org/pipermail/wireless/ >> > > > > -------------------------------------------------------------------------------- > WISPA Wants You! Join today! > http://signup.wispa.org/ > -------------------------------------------------------------------------------- > > WISPA Wireless List: [email protected] > > Subscribe/Unsubscribe: > http://lists.wispa.org/mailman/listinfo/wireless > > Archives: http://lists.wispa.org/pipermail/wireless/ -------------------------------------------------------------------------------- WISPA Wants You! 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