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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Alan Smithee who wrote (301074)	4/15/2009 10:36:15 AM
From: TideGlider	2 Recommendations Read Replies (1) \| Respond to of 793914

Sounds like your Dad figures his retirement will continue with COLAs in New Dollars. If Obama demonetizes the dollar it means all bets are off. But guess what? I believe once the mega-inflation begins the banks will be allowed to restructure your mortgage into new dollar values and increase your payment accordingly. The only people who will own property will be gubmint employees (the only surving em0loyer) and welfare recipients. Why? Because he will make certain they get COLA contracts. In Obama's world all things must come from the gubmint all reliance and loyalties pledges for the same. You have an Obama loving family also? I've given up trying to speak with mine about current events. My father believes the Obama voters "saved the world" by electing this guy. It's impossible to try to change that mindset.

To: Alan Smithee who wrote (301074)	4/15/2009 12:17:00 PM
From: Bearcatbob	1 Recommendation Read Replies (1) \| Respond to of 793914

"A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world's greatest civilizations has been 200 years. Great nations rise and fall. The people go from bondage to spiritual truth, to great courage, from courage to liberty, from liberty to abundance, from abundance to selfishness, from selfishness to complacency, from complacency to apathy, from apathy to dependence, from dependence back again to bondage." I fear we have reached that state. Only the bond market can stop it.