Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: ChanceIs who wrote (219371)	9/8/2009 10:06:08 PM
From: The Reaper	Read Replies (1) \| Respond to of 306849

<There is no fix to this. Raising taxes is a dead end. Age warfare is a possible social consequence.> Soylent Green here we come. Death to people over 65.

To: ChanceIs who wrote (219371)	9/8/2009 10:52:17 PM
From: ChanceIs	Read Replies (2) \| Respond to of 306849

Can anybody confirm the SS story?? I have looked at Dow-Jones and Financial Times to no avail. That is a huge story IMO. Zero-Hedge is usually very sharp. You would think that Mish, CR or Denninger would be all over it. Then again, this is something the government would want to suppress big time. Wouldn't want to spoil the Soylent Green Shoots.

To: ChanceIs who wrote (219371)	9/8/2009 11:18:33 PM
From: Giordano Bruno	Respond to of 306849

7 trillion in future liabilities? Ben's got some wood to chop.

To: ChanceIs who wrote (219371)	9/8/2009 11:37:29 PM
From: Skeeter Bug	Respond to of 306849

>>To plug this sized hole would require a significant increase in payroll taxes. That isn’t going to happen. Raising payroll taxes by 4% would kill the economy. No White House economist would advocate that.<< don't be too sure. that is exactly what the oligarchs have planned, imho. they want to "kill the economy" b/c they will then be able to buy up all the assets for 10 cents on the dollar, if that. the fact the populace will be starving is of no concern to them other than their increased cost of protecting themselves. even greenspan is now talking about how printing money is bad and needs to be reigned in. are you kidding me? they are setting the stage for, "we have no choice, we have to do this... it is all bush's fault..." of course, the insiders have to be out of their assets and into cash - and i think that is what is occurring right now.

To: ChanceIs who wrote (219371)	9/8/2009 11:48:48 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 306849

>>There is no fix to this. Raising taxes is a dead end.<< no it isn't. it is, in fact, the pathway to a deflationary depression - the simplest way for the oligarchs to increase their wealth by using their money to purchase assets at 10 cents on the dollar. no, not a bubble dollar, but a mean dollar. how else can they increase their wealth 10-fold so easily? once the oligarchs are in cash, expect dramatically higher interest rates and taxes to crush the common man and little business and watch the oligarchs pay pennies for resources. of course, this will all be blamed on bush (and much of it is his fault, for sure, but it is also every other politician's fault, too).