The United States is going to attack Assad in Syria?

[Teery]

As you mentioned, the government doesn't have to completely fund a project. The government could help them along, though, with private investors.

Have you traveled by airplane lately? You have to get the airport 1 1/2 hours before the flight leaves and then you have to collect your luggage at your arrival airport. So traveling about 500 miles would take about the same amount of time by airliner as it would high-speed rail.

Of course it would be faster to fly from coast to coast. But some people do not like to fly, and others enjoy the view from a train. There would be branches on the line to the south and north to major cities,. A high-speed rail system would be particularly useful if you say wanted to visit a neighboring state.

Projects like high-speed rail would provide more jobs and create something useful.

We also need to rebuild many roads and bridges, and the money for that comes from tax dollars.

I live in Texas. We don't need more oil or oil pipelines. We need more wind, solar and other types of power, along with electric vehicles. Oil is killing this planet, and oil companies are laughing all the way to the bank. Oil is also driving many of the wars we have seen in recent years.

Most economists say there is little chance that the U.S. financial system will collapse. And China just wants to sell products to the United States. We went through the Great Depression, and we will always have ups and downs, as we just experienced. But roving bands of armed people have never started killing to get food. Half of the men in the U.S. were out of work at the height of the Great Depression, and the chaos didn't happen. If you want to move to another country, fine, but don't blame it on what remotely could happen in the future.

I have been to other countries. Many of them do not have the infrastructure and services that are provided in the United States by federal, state, county, and city governments. The one thing we need to do to clean up politics is to get money out of elections. The worst decision by the Supreme Court in recent times was Citizens United. Money is not speech and corporations are not people. This must be overturned.

Back to the original topic. Attacking foreign countries is a huge waste of life and money.

Private companies will not invest in projects that are not going to make them money...Hi speed rail is to costly as we are demonstrating in California and if you poll people, very few are going to take it..It is a waste of capital and taxes. There is no money for roads and bridges unless you borrow or cut.

Keep in mind that for every dollar the state, local, or federal government collects in taxes and fee's is a dollar less that people and business can spend in the private sector. Over 70% of the U.S. economy now relies upon consumer spending / consumer services. If the government keeps taking dollars away, it hurts consumer spending.

All main stream economist will always state there is little chance of collapse etc, etc, etc. They will also state that the economy is growing blah, blah, blah..There is a reason for this that most do not understand..In bad economic times, people tighten there belts and spend less. That was not a big deal when the economy was 50% MFG and 50% consumer spending. Now that over 70% of the economy relies upon consumer spending if people tighten their belts, the economy would crash. All governments lie and all governments manipulate the economic data...This is a fact...If you knew the government was going to experience a worse economic crash than in 2007, would you be spending money?

The great depression had a little different class of people. Many could also grow there own food and barter was an established practice. The modern day equivalent to the great depression soup lines is today's food stamp and welfare / unemployment programs. 100 million people (1/3 of the U.S. population) is getting some form of government subsistence. As of now, 47.6 million people are receiving food stamps according to the wall street journal. Historically, countries default and hyper-inflate there currencies..When the U.S. defaults / hyper-inflates the dollar, who knows how the public will react...I have to assume the government has a back-up plan...

Many other countries may not have the roads and other things you refer to however, no other country in the world has a bigger debt than the U.S. in dollar terms. We also have the largest amount of unfunded liabilities...somewhere around 70 trillion dollars last I read...good luck with that..

If you want to get the real picture of what is occurring around the world when it comes to global / government / markets / economies / debt..look up zerohedge. They are ahead of the curve on most things.

 

[drumstick diva]

I'm of simple mind and don't understand politics. I would just love to see the USA tend their own garden. period.

 

[Teery]

The government is the reason flying is slow an no one wants to fly anymore. They are doing the same to trains as they did to flying...

Yep...

The high speed train in California is a total cluster..Taxpayers were told that the train would cost about $36 billion; within two years, the price tag had tripled. It is estimated the cost will be over 100 billion dollars and I think the estimates are low......The ticket price is going to go through the roof...Expensive construction, expensive operating costs (unions), expensive liabilities..Also, California energy prices are set to sky rocket in 2017. A contract with Hoover dam is not going to be renewed and the state legislature is now requiring that a large percentage of California's energy come from clean energy sources (solar / wind) The train runs on electricity...The funny thing is...very few people are going to ride it...It is a worthless system in major cities as it has to make numerous stops. train will do 220 mph...but not in metro areas..Oh well, a stupid tax payer and their money are soon parted...

 

[Teery]

I'm of simple mind and don't understand politics. I would just love to see the USA tend their own garden. period.

I agree...but we have too many sociopaths running this government so that will never happen...

 

[rebelcowboysnb]

Satire people.

 

[dawg53]

I plan to sell everything so the ties are completely severed. Why pay property taxes so politicians can line their, or some special interests pocket? As soon as I get a resident visa, I will denounce citizenship and turn in the U.S. passport. I am looking into property in Chile.

Just curious Teery, why Chile? I see our country eventually falling and causing a world economic collapse when it happens.

 

[rebelcowboysnb]

Family friend is Cypress is reporting lots of huge ships, heavy military drills an hearing big guns. Says she cant get a flight out cause all have been canceled.

 

[Teery]

Just curious Teery, why Chile? I see our country eventually falling and causing a world economic collapse when it happens.

Chile isn't a certainty, I am looking into property there. I am also looking at a number of other countries. Keep in mind there is no perfect country and what is good for one person, may not be good for another.

Chile is a 2nd world nation and its main exports is minerals, agriculture, and forestry products. It has been politically and financially stable for many years now. One good thing globalization accomplished in many Latin American countries was improve medical services. Chile has first rate service and low insurance costs. Taxes in general are VAT / sale so in general you are taxed only for what you use / buy. Income taxes don't exist and neither does private property tax. Climate is another unique feature of Chile. It offers desert to alpine and everything in between. The cost of living is cheap but not as cheap as other Latin American countries. Corruption and crime is low. You can't buy your way into Chile (visas, passports, citizenship) like you can in other countries. To migrate, the golden income number is thought to be around 1K a month (although there is no official published income number). You can live there pretty comfortable on an income around $700.00 U.S. a month. You can live like a king on 2K a month. The minimum wage in Chile is $400.00 a month so you can get an idea of the cost of living based on that number. There nominal average salary is 13k a year. They have a GDP somewhere around 300 billion a year and a national debt of about 30 billion. They have 40 billion in foreign reserves. From an economic stand point they are sound. Exports are 81 billion and are imports are 70 billion.

As far as a global economic collapse..it may or may not occur however, I think small nations will likely be less affected than major nations. 2nd and 3rd world countries are less dependent on dollars to live. I do think Japan and the EURO zone will experience some form of collapse with China and the U.S. shortly behind. Historically, a default or currency collapse does not necessarily lead to public chaos or anarchy. It does however lead to a restructuring of government and government services. A default on a debt does not relieve a country of its debt obligations. It just insures that borrowing costs are going to cost allot more moving forward (interest payments)

 

[hemet dennis]

Quote:



" When the interest rates rise, it will explode the national debt. If the debt stayed were it is now, every 1% rise in the ten year treasury would add an estimated 170 billion annually to interest payments."
Sorry this statement is often used on the gold selling sites by the crash promoters. For it to be true all of the $17 trillion debt would need to be reset at the new interest rate yearly, and that doesn't happen. Government Treasury Notes are sold at a fixed rate. Just like your 30 year fixed rate mortgage has the same interest rate for the 30 years, a 10 T- note has the same interest rate for the 10 year life of the note. So for all the 10 T-Notes to go up 1% of interest would take 10 years.

Now will the U.S. hit Syria ? Maybe.
What will we hit if we do hit them ? Well we said we don't want take out the leadership, we cant hit the chemical weapons, we could hit there command and control buildings but those are empty by now so we would be hitting empty buildings, now the one place I would stay away from is any airfields in Syria. The Syrian government is getting supplies from Russia and Iran by air everyday. So about the only way we can hurt them is at their airfields.

 

[Teery]

Family friend is Cypress is reporting lots of huge ships, heavy military drills an hearing big guns. Says she cant get a flight out cause all have been canceled.

Has she been able to transfer money out of the banking system yet? Cypress is a perfect example of why you should not put savings in an institution. Once you deposit that money, it is no longer yours, it is the banks money. You are just an unsecured creditor. If the U.S. experienced a bank run / collapse, the FDIC has no where near the cash needed to insure the deposits required by law. To big to fail doesn't mean they can't fail, it just means the government can't afford to let them fail...