Woo Hoo, I got got stim-U-lated

[Hammermechanicman]

Time for some hot wings and a new big screen TV (In my best Larry the cable guy voice)




Maybe a case of 10w30 too.

 

[Scrubcadet10]

need to tell the treasury department and the IRS like they tell us, "Okay it's tax (stimulus payment) day, send us your money, if not you'll be penalized"

 

[7394]

That money is not taxable.. And the amount won't stretch too far..

 

[bertsmobile1]

Time for some hot wings and a new big screen TV (In my best Larry the cable guy voice)




Maybe a case of 10w30 too.

Enjoy it while you can because you will end up paying back 10 fold.
We have really good packages down here
However like 60% of small business I don't qualify because my annual turn over is too low.
But when they go into payback mode I bet it won't be .

 

[Hammermechanicman]

The way we are printing money and increasing the debt and handing out money like it is candy plus all the foreign aid to half the countries of the world we are screwed. They will just raise taxes and keep raising them so my grandkids are screwed.

 

[tom3]

Two things here. Interest rates are almost zero, borrow big money and the monthly/annual payment is pretty low considering. And flooding the world with dollars devalues today's dollar so that at some time in the future it's worth about 50 cents. Our stuff sells much better overseas while their (China) imports cost more here. Gold is looking pretty good these days.

 

[bertsmobile1]

The USA has been technically bankrupt since the Vietnam war
That was the reason for floating the US $ and dropping the currency gold standard.
The USA no longer had enough gold to cover the debt.
And the debt has gotten bigger ever since.

From what I can see happening Russia & China are conspiring to trash the US $ some time in the future .
China now has more USA bonds than any other country and is heading towards having more than the rest of the planet added together.
Russia & China are both subsantially increasing their strategic gold reserves and they are buying most of it from the USA .
China has established an oil futures index and is pushing for smaller countries they are propping up to abandon the NY futures and switch to the China futures .
The single biggest thing that creates demand for US $ is oil and if demand for US $ drops so will it's value.
Then a sell off of US $ bonds at a discounted rate by China & Russia will send the US into a 3rd world economy with the only way out a massive sell off and / or hyper inflation .
The Renminbi is now one of the recognised 8 world reserve curriencies and is ranked as number 3 behind the Euro & US $ way ahead of the ¥ & £ .
Apparently as Swiss banks open up to scrutiny a lot of customers are shifting their annonomus Swiss bank accounts to Chinese bank accounts that are totally closed to foreign scrutiny .
Because it is around 10% to 50% undervalued ( depends who's numbers you pick ) a lot of smaller nations are also buying Renminbi as a hedge against inflation .

 

[Hammermechanicman]

Time to bury that million in mayonaise jars in the backyard and try to find another case of ammo.

 

[Hammermechanicman]

So Bert, you buying Renminbi or Bitcoin? You need to find somewhere to stash all that money.

 

[bertsmobile1]

Two things here. Interest rates are almost zero, borrow big money and the monthly/annual payment is pretty low considering. And flooding the world with dollars devalues today's dollar so that at some time in the future it's worth about 50 cents. Our stuff sells much better overseas while their (China) imports cost more here. Gold is looking pretty good these days.

The problem with that Tom is almost all of your hard goods are just Chinese hard goods rebadged & sold internally.
Even the stuff that is "made in America" is generally fabricated from parts & asemblies that originate in China
Again this is intentional because once a factory closes down in a First world economy it is near impossible to revive it
The long term aim is to destroy all First world manufacturing and to date they are doing just that