Government Trouble. Is this where we are headed?

China-flag.jpg


Don't worry guys, paying your taxes to china won't be that big a stretch, since your sending the rest of your money there now anyways. Sorry couldn't resist. We may have to get Canada to buy you guys out for 10 cents on the dollar and you guys in the south can all have snow too. :)
 
Maybe if the lowlife politicians in Washington would stop voting to hand out money to countries that hate us and would love to slit our throats, we may be better off. Wish I could just print money or tax someone anytime I wanted to buy something that I don't have the money for! Spend Spend Spend
 
rgranger said:
Remember, in a dictatorship, you ride at the pleasure of the government. I am not going to take any sides, but riding is not a-political, politics is very important to our rights and ability to ride and pay for the fuel and even the right to earn the money to buy our bikes. If you love the freedom to ride, the sand is no place to have your head right now if you are in the US.
Click to expand...

For this specific forum, I'd consider putting it in terms like this:

Imagine going to purchase a new bike and finding that the price just went up 10% from where it was last month, not just for GG, but all of the manufacturers. You grumble a bit and decide to save a bit more, but also are quickly finding that groceries and all other daily living items have jumped 10% as well. Next month, you find that prices have went up about 12-13% again. The problem is that your paycheck hasn't changed.
Then the next month prices go up by 20-25% across the board. You've now had to postpone the new bike for 2-3 months and are finding that prices are going up way faster than you can save. You may even be dipping into savings to start to cover groceries etc. By this time you start to consistently see news reports that US govt. Treasuries & bonds are dropping fast, people on fixed incomes can't pay their bills and that interest rates are climbing fast. There may even be reports of riots here and there.
By the next month prices double again and soon start doubling every week, then every day, then sometimes several times a day. The economy has now collapsed and you are experiencing full on hyper-inflation.
By this time, just getting basic food is the only priority & you give up on that new bike among other things. A loaf of bread now costs thousands, maybe millions of dollars. Employees start getting paid twice a day, just so they can buy food at lunch and after work.
The only thing consistent about Fiat paper currencies (which the US uses), is they have a 100% failure rate throughout history. The US is at, or very near the brink, given its debt and liability levels.
It's not long til the entire tax revenue is swallowed up just paying interest on the debt.
The US is also quickly becoming a pariah internationally given the abuses by the Wall Street banks, US foreign policy, military abuses, the massive spy scandals & other scandals, many of which are still to be uncovered. People are quickly becoming fed up with the monster the US govt.,military & Wall st. has become. Confidence and credibility are the main requirement to keep fiat currencies going & that is quickly evaporating for the US.
China and Russia are already moving to drop the US dollar as a trade currency. When that happens, it's probably all over.

What can you do? Start buying some hard assets that will hold value; precious metals (in physical form & store them safely outside of the banking system), real estate, farmland etc.
Research what has happened historically in these situations and plan accordingly.

(I hope I'm wrong about the potential outcome & that disaster is averted...........)
 
As we've already seen before. If the US economy takes a dump, the world economy goes with it. The dollar is not the US currency, oil is. The shit will hit the fan eventually, it has to. Probably not within our lifetime (hopefully). But our children and grandchildren will have some very difficult realities to deal with. Until then...ride as much as you can and enjoy it.
ignorance is bliss
 
another view

The US Fiscal Cliff put in a better perspective ?

Lesson #1

US Tax revenue: $2,170,000,000,000 (two trillion one hundred and seventy billion dollars)
Fed budget: $3,820,000,000,000
New debt: $1,650,000,000,000
National debt: $14,271,000,000,000
Recent budget cuts: $38,500,000,000

Now, let?s remove 8 zeros and pretend it?s a household budget:

Annual family income: $21,700
Money the family spent: $38,200
New debt on the credit card: $16,500
Outstanding balance on the credit card: $142,710
Total budget cuts so far: $38.50

Got it?

Lesson #2:

Here?s another way to look at the US Debt Ceiling:
Let?s say, you come home from work and find there has been a sewer backup in your neighborhood and your
home has sewage all the way up to your ceiling.
What do you think you should do? raise the ceiling, or remove the sheet?:eek:
 
Well done relating it back to the bikes people. First few posts had me worrying that I was going to have to do some moderating. While this is a dirt bike forum, a gas gas forum actually, we still discuss other topics on occassion, and one political thread in the subsection that it is in isn't doing anyone any harm. Its really no different than starting a thread about a natural disaster and checking in to make sure all our mates on the other side of the world are doing ok.
 
3bee,
Lead and brass baby, lead and brass!

You realize that you just described the Weimar Republic? They had Brown Shirts, we have ATF, DEA, DOJ, EPA and your local PO-PO are all armed better than an average company in WWII, and they were printing money "almost" as fast as we are today.
 
Quantative easing (printing money) is inflationary, it's Keynesian economic lever pulling to stop deflation, the problem is that once the money is there, it's there. If the US economy recovers too well, the next lever gets pulled, interest rates rise to combat the inflation caused by more money chasing the same amount of goods. This helps the bond market, but it can also hurt if the inflation cant be controlled to below the interest rates of the bonds ...which causes a credit crisis and a recession... And I'm talking about 1974 to 1982. The same stuff happening again, and again and again. It worked in the 30s cause they stopped U.S citizens owning gold with ten year jail terms, FDR could print as much as he liked and there was no where else to go with your 'money'. It took a war and a giant increase in US population over twenty years to inflate their way out of it. Guess when they let US citizens buy gold again.

This time the levers are being pulled by krusty the clown.

If they made gold ownership illegal again you never know, but the world is too connected now, I can buy exchanged traded funds, stocks, commodities and futures sitting at the local mall eating a wonton noodle soup and a coffee, in fact I did it two hrs ago, it's so all pervasive that governments are just too small in the capital stakes to stop it.

Go buy gold
 
I would actually give Krusty The Clown more credit than the current Regime! And I think Kusty rides GasGas:D
 
What a shame that a great forum has come to this B.S.. Turn on Fox noise for hate and leave the Gas Gas forum for the rest of us. I mean really...........:pB] Your not changing anything until you Vote, and then let the Corps and Wall Streets money run over you. Krusty would be Allen Greenspan doncha' No.
 
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I thought this thread was rather refreshing. Its nice to be able to talk about what ever we want to on here rather than be limited to one particular subject. Everyday I get on here I check the new post's and read which ones I'm interested in, if I'm not interested I don't click on it. Its as easy as that. So if I want to talk about where I hook my tiedowns too or what brand of 2-stroke oil I run, or what brand of goggles I like I will click on a thread that pertains to that. Seems pretty simple too me.
 
JCG61 said:
The US Fiscal Cliff put in a better perspective ?

Lesson #1

US Tax revenue: $2,170,000,000,000 (two trillion one hundred and seventy billion dollars)
Fed budget: $3,820,000,000,000
New debt: $1,650,000,000,000
National debt: $14,271,000,000,000
Recent budget cuts: $38,500,000,000

Now, let?s remove 8 zeros and pretend it?s a household budget:

Annual family income: $21,700
Money the family spent: $38,200
New debt on the credit card: $16,500
Outstanding balance on the credit card: $142,710
Total budget cuts so far: $38.50

Got it?

Lesson #2:

Here?s another way to look at the US Debt Ceiling:
Let?s say, you come home from work and find there has been a sewer backup in your neighborhood and your
home has sewage all the way up to your ceiling.
What do you think you should do? raise the ceiling, or remove the sheet?:eek:
Click to expand...

This is brilliant...for simpletons like me! :D
 
Here's an interesting read and should shed alot of light on what's been going in our country and now it has been advanced by leaps and bounds since the current administration has been installed.
Remember when Newt Gingrich labeled him the food stamp President Hmmm!
and who spends over 600 million to supposedly provide health insurance for 20 million? i'm not to good at math but if your intentions were well meant you could have bought them each a million dollar policy and had plenty of money left over to buy all of us new Gasgas bikes 1 of each and still had money left over.

http://www.discoverthenetworks.org/Articles/theclowardpivenstrategypoe.html
 
gas stroke said:
What a shame that a great forum has come to this B.S.. Turn on Fox noise for hate and leave the Gas Gas forum for the rest of us. I mean really...........:pB] Your not changing anything until you Vote, and then let the Corps and Wall Streets money run over you. Krusty would be Allen Greenspan doncha' No.
Click to expand...


I agree completely.
 
RE:

erniebearskin said:
You folks best learn what RMB stands for, because that is what you may be trading one day.:D

The debt will eventually be called in, then what, as our biggest partner and ally, it is concerning to see the US economy continue with the debt path. Not sure what the solution is, the things that Obama is trying to do (like Obamacare) probably makes sense to every Brit, Aussie, Kiwi and Canadian on this forum as its the norm in most of the civilized world.

There are lots of things I don't understand about the US but I do know most Americans I meet are SUPER nice folks. Until we get to talking about guns, god and politics, then all bets are off.
Click to expand...

It's nice that obamacare makes sense to you. To the majority of us real Americans it means the final nail in the coffin of what was once "the shining city on the hill" of a dark world. Obamacare has nothing to do with healthcare. It is about eliminating communisims political enemy. The giant data centers in the US and elsewhere have everyone's information (including yours). Political enemies, those who rejoice in individual freedom, will be denied life saving treatment. It is funny how folks from the rest of the world came to the US for medical treatment. Now the best medical system in the world has been destroyed. My own premiums have increased thousands because of obamacare. The ultimate goal of obamacare is single payer government hillarycare. I guess we can look forward towards waiting years for knee surgeries if not denied and being told you don't need a sight saving procedure in one eye because the other eye is fine, right? Lenin said "socialized medicine is the keystone to the arch of the socialist state". We are the new Soviet union.
 
RE: Weimar

The Weimar republic did not have brown shirts. The brown shirts (Nazis) and communists were running wild in the streets trying to eliminate each other while the Weimar government was struggling to survive. The army sided with the Nazis and we all know what happened from there. The General staff thought they could control Hitler. It ended up being the opposite. The harsh treaty of Versailles was the downfall of the Weimar government. At least they had cool bmw bikes to ride offroad with. I don't know if Franco was into bikes over in Spain, but the Germans may have given him a few of those BMW' s.
 
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