January 26, 2011
– Comments (10)
That is the law at udderworld.com
Like it on facebook, spread the word, and make it go viral.
If your budget is not balanced, the banks cut you off of credit.
Be careful what you wish for since there is a very easy way to balance the budget, pump up taxes dramatically. You really want that?
If that what it takes to restore legitimacy back to the currency....as running a deficit will eventually be the same or greater tax as the dollar devalues.
Whether you double my taxes or a loaf of bread is $100....it is simply a difference without a distinction....and once a loaf of bread is $1000, then money really is not functional.
The fact that we have not seen more inflation with all this printing is amazing...but the cost has been heavy in jobs to keep inflation down.
But inflation seems to be finally kicking in.....just a tax of a different wrapper.
You are talking separate issues now, balanced budget or low inflation. Inflation is still far from the hyper Zimbabwe inflation you and others were calling for only 2 years ago. It is happening but it had been happening even during the Roman Empire days.
The only way we contained inflation is collapse the private economy....
Now the only way to contain inflation is collapse the government/health care economy which has been sustaining us for the past few years....
Now we are closing many of the hospitals in NYC
Firing 1/2 the police officers in Camden NJ
Closing half the schools in Detroit
Don't get me wrong, these changes and many more will be necessary going forward....
If you check out Udderworld.com tonight, you will see that China is creating a city of 40+ million
With the right design and technology, the resource savings will be enormous and a trend that will spread around the world....but in creating a city of this size, it would destroy 15% of all the cities in America.
The fact that inflation hasn't kicked in faster is indeed remarkable...but in no way infers what lies ahead.
Oh well, you aren't really responding, just simply ranting platitudes and promoting your website. My last response in your threads. No wonder they get rec'd less and less.
As Jobs Disappear, an “Awakening of Self-Employed Entrepreneurs”
Awa....you responded for me. You identified the Roman Empire. The Roman Empire collapsed for reasons not too different than what we are going through right now. Instread of printing and counterfeiting money, Rome started mixing metals into its gold and silver coins.
When I started blogging, Social Security wasn't supposed to run a sustained deficit until 2030. Then it became 2020....then 2016.....but now its today, as the article on Udderworld.com confirms from the CBO.
Essentially everything on America is running on a deficit. The Federal Government, State Governments, Local Governments, Health Care, Education, Military, etc......
Few of us want to believe it....but it is what it is.....
Since deficits come with interest, we must MATHEMATICALLY increase the deficits each year to maintain the system.....under your assumption, we can keep borrowing our way into prosperity as the world is now running deficits.....
Such behavior, if you go back a few thousand years, has never been sustainable. I was dead wrong on how long this borrowing could last...both legally and practically......but dead on on the direction of where things are heading.
I am not sure what will trigger an end to this as food and fuel prices keep rising and wages keep falling. Unemployment will inevitably keep growing until the stress and tension causes a collapse.
Pay attention to Udderworld.com. We are tracking this on the side of the "decline of the industrial age." You are seeing the early stages of population rebellion/revolutions. But relax, there will we solutions identified on the "rise of the digital age."
Cooler heads will need to prevail.....and we at UdderWorld.com are really cool.
Much truth in this message ... Alstry this could be you ...
I have been thinking for a long time that government officials, conrgress, senate, Obama should all take paycuts regardless of whether they balance the budget or not....I don't have a facebook account, nor do I have any intention of ever gettingone, so this is the most support you'll see..:)
an increasae in taxes is going to occur, it has to if we are to pay off our debt. They also have to cut back on military spending, bring troops home, close bases etc to make us safer and bring our financial house in order