The Coming Economic Collapse
Alright, America, quit your bitching. I am trying to fix this shit, just calm down and hand me the duct tape
Photo Credit: Pundit Kitchen
A reasonable man, when shown what the solution is to a crisis, will do the right thing even if philosophically opposed to it.
A leftist doesn't care about the right thing as long as the wealthy are punished. As example, when Obama was told that raising the capital gains tax will absolutely - 100% - in fact - without a doubt - decrease revenues, he said he’d raise it anyway for the sake of “fairness.” (1) So understand what the endgame is for socialists and communists: it is not to raise money for the sake of the poor, but to redistribute income - to make it "fair" for everyone. Nevermind that in the end such policies will only hurt the poor with less money for them, it is more important that the rich are hurt even more.
An idiot like this will eventually destroy our type of economy. To prepare you for the coming collapse, here is some sage advice from Francis W. Porretto:
Eternity Road, Making Amends Part 2: The Writing On The Economic Wall
Therefore, I continue to advise anyone with enough flexibility to do so to brace for impact:
Many of the above recommendations are troublesome and costly. However, if I prove to be wrong -- please, God, let me be wrong -- they won't amount to a large net expense over the long run. On the other hand, if I prove to be right...
- Eliminate your debts.
- Buy gold and silver, enough to cover at least six months' expenses at current levels and rates of exchange.
- Lay in a store of emergency foodstuffs. Unless you have a private well, be sure to keep some bottled water on hand.
- Stockpile batteries and at least some fuel. If you don't have a portable gasoline-powered generator, consider getting one.
- If you depend on some range of medicines, try to stockpile six months' worth of those as well. If you have pets, make sure they're in the best possible health, and that you have a good store of whatever they need.
- Make sure all the machines you rely on are in good working order. Consider stockpiling spare consumables for them.
- Arm yourself. Get properly practiced up. Lay in a store of ammunition, gun cleaning supplies, and (if you have the equipment and the space) reloading supplies.
- Get onto the friendliest possible terms with your neighbors. If things get really bad, they will be your best defense -- and you had better be theirs.
Ignore the warnings at your own peril.
ENDNOTES
(1):
OnTheIssues.org - Candidates on the Issues, Barack Obama on Tax Reform
Q: You favor an increase in the capital gains tax, saying, “I certainly would not go above what existed under Bill Clinton, which was 28%.” It’s now 15%. That’s almost a doubling if you went to 28%. Bill Clinton dropped the capital gains tax to 20%, then George Bush has taken it down to 15%. And in each instance, when the rate dropped, revenues from the tax increased. And in the 1980s, when the tax was increased to 28%, the revenues went down.
A: What I’ve said is that I would look at raising the capital gains tax for purposes of fairness. The top 50 hedge fund managers made $29 billion last year--$29 billion for 50 individuals. Those who are able to work the stock market and amass huge fortunes on capital gains are paying a lower tax rate than their secretaries. That’s not fair.
Q: But history shows that when you drop the capital gains tax, the revenues go up.
A: Well, that might happen or it might not. It depends on what’s happening on Wall Street and how business is going.
