Financial Observations

GOP Reps. to Fed: Stop printing money

by Erik Charlton Creative Commons license.

Music: Hi-Ho - Snow White and the Seven Dwarfs

I'm by no means a financial genius, but I do have common sense. I can analyze financial information, and cut through the maize, if there is one. I took accounting in college, but it doesn't apply here.
Here's what we have in a nutshell. We have spenders; I'll leave out the adjectives. Here's proof; " And White House budget forecasters said they now project $9 trillion of additional federal debt over the next decade, adding $2 trillion to an earlier estimate."

We must

Get the money from taxes, or

Borrow the money, or

Print the money

This article is concerned mainly with borrowing, and printing money. China owns a chunk of our debt. They are concerned with the current administration, and have made it known. China They are still buying our debt, but nothing says that they can't quit. They can buy someone else's debt. China does not like the practice of the US government printing money. They are being put in harm's way, and I am being put in harm's way; you are also. The Federal government is printing money electronically. Printing presses, paper, and ink are not needed.

I'm not going to go into great detail about the consequences of printing money. Printing money can lead to disaster as history has shown. It is not openly revealed as to how much "printing" is or has taken place. The previous link above does give an indication. All this talk about ruining our grandchildren may be a diversion. They don't want to talk about the disaster, which could be more immediate. Information about "printing money" has been hidden, by law.

Wiemar Republic...Germany. About 1923 they printed money. Marks deteriorated from 4.2 per US dollar to 1 million to US dollar.

9 Votes
Enjoy this article? Help vote it up the 'Vine.

Published to:

Wolf Wolfman's Column, All of Newsvine
Groups: Democrat Watch, Free Thinkers, Power to The People!, Reagan Conservatives, rightwingers, The Sovereign States of America,
Regions: none

What's this?

Who's leading the conversation?

This visualization below allows you to see the impact that each user has on the current conversation. The top row contains the group of users who have had the most impact, the 2nd row the group of users who have had the 2nd most impact (et cetera). Users with similar impact are grouped together, and the average score of the group is shown to the left of the group. The author of the article is also shown on the left, in their corresponding group. Each user's score is based on the number of comments the user has made plus the number of votes their comments have received. The scores are calculated relative one another, so while their absolute value is not particularly important, their relative difference does indicate a larger difference in impact on the conversation.

6.0

{"commentId":9188756,"authorDomain":"goluckydonald"}

It may be just me, but it seems to me that the masses have been conditioned to think that their children or someone else is going to pay for the excesses of congress.

I only have a few more years to live, and I'm still concerned about a dollar that is worth half what it is now. Food, clothing, shelter, and transportation would cost twice as much. That's not taking into account price increases due to Obama and the Democrats. More specifically, increased health care costs and energy costs under cap and trade.

{"commentId":9188756,"threadId":"665775","contentId":"3215611","authorDomain":"goluckydonald"}

6 votes

#1 - Tue Sep 1, 2009 7:42 PM EDT

{"commentId":9193002,"authorDomain":"chouchou"}

http://www.youtube.com/watch?v=5RnDc6DdlA4

Wolf Wolfman,

I believe Steve Forbes agrees with you. Attached, is a short interview conducted by Dennis Prager with Steve Forbes on the same subject your posted.

{"commentId":9193002,"threadId":"665775","contentId":"3215611","authorDomain":"chouchou"}

3 votes

#1.1 - Wed Sep 2, 2009 12:55 AM EDT

{"commentId":9196697,"authorDomain":"goluckydonald"}

chouchou...To all out there; that's "shoeshoe"[grin] I just watched the video, and I appreciate your time and effort. The video does say basically the same thing that I'm saying in this article.

{"commentId":9196697,"threadId":"665775","contentId":"3215611","authorDomain":"goluckydonald"}

3 votes

#1.2 - Wed Sep 2, 2009 10:12 AM EDT

{"commentId":9211651,"authorDomain":"chouchou"}

Wolf Wolfman, 1.2,

Glad to know that.

shoeshoe

{"commentId":9211651,"threadId":"665775","contentId":"3215611","authorDomain":"chouchou"}

3 votes

#1.3 - Wed Sep 2, 2009 11:14 PM EDT

{"commentId":9212211,"authorDomain":"goluckydonald"}

chouchou...Is it morning where ever you are?

{"commentId":9212211,"threadId":"665775","contentId":"3215611","authorDomain":"goluckydonald"}

2 votes

#1.4 - Wed Sep 2, 2009 11:59 PM EDT

{"commentId":9213701,"authorDomain":"chouchou"}

wolf wolfman,#1.4

I am traveling too ...from my GPS it is 13 hours ahead of you.

{"commentId":9213701,"threadId":"665775","contentId":"3215611","authorDomain":"chouchou"}

2 votes

#1.5 - Thu Sep 3, 2009 3:06 AM EDT

{"commentId":9214956,"authorDomain":"goluckydonald"}

chouchou...You are one amazing lady!

If you have any spare time, look at this: Link

{"commentId":9214956,"threadId":"665775","contentId":"3215611","authorDomain":"goluckydonald"}

2 votes

#1.6 - Thu Sep 3, 2009 8:17 AM EDT

{"commentId":9215597,"authorDomain":"chouchou"}

Wolf Wolfman #1.6,

Thank you kindly. I think you are amazing too---just look at the volumes of work and the index of articles that you had put together. That's amazing.

Thanks for the link. And this [link] is just another example.

{"commentId":9215597,"threadId":"665775","contentId":"3215611","authorDomain":"chouchou"}

2 votes

#1.7 - Thu Sep 3, 2009 9:03 AM EDT

{"commentId":9216261,"authorDomain":"goluckydonald"}

chouchou...I put a link to Perry Como on one of your articles. I was referring to Obama with his song "Catch A Falling Star".

{"commentId":9216261,"threadId":"665775","contentId":"3215611","authorDomain":"goluckydonald"}

2 votes

#1.8 - Thu Sep 3, 2009 9:41 AM EDT

{"commentId":9287947,"authorDomain":"chouchou"}

wolf wolfman #1.8,

Yes, I got it. It is lovely. Thanks.

{"commentId":9287947,"threadId":"665775","contentId":"3215611","authorDomain":"chouchou"}

#1.9 - Mon Sep 7, 2009 1:15 AM EDT

{"commentId":9189034,"authorDomain":"tomwcraig"}

Don't forget that farms are in danger of going out of business, so food would have to be imported at best. At worst, 1980s Soviet Union food lines here in the United States, perhaps the entire world. That will cause food prices to skyrocket, and unless the government decides to let farmers gain, at least, a mediocre profit instead of maintaining their, current, barely subsistent existence; it will be within the next 5 years maybe next year or two.

{"commentId":9189034,"threadId":"665775","contentId":"3215611","authorDomain":"tomwcraig"}

6 votes

#2 - Tue Sep 1, 2009 8:01 PM EDT

{"commentId":9191907,"authorDomain":"goluckydonald"}

tomwcraig...You are an amazing person. You really have a grip on things. You are exactly correct, the food shortages in the former Soviet Union took place in the 1980's. So, people 29 years old probably are unaware that that was the case.

As to farmers, why not give them an incentive to produce, and remove artificial barriers? All this regulation stuff is killing the farmers, and will eventually harm the country.

I would bet on your time line.

{"commentId":9191907,"threadId":"665775","contentId":"3215611","authorDomain":"goluckydonald"}

3 votes

#2.1 - Tue Sep 1, 2009 11:21 PM EDT

{"commentId":9194716,"authorDomain":"RuthyJObservations"}

RuthyJObservations

This govenment of ours is taking away incentives from all our workers and businessman and women and our farmers. What will America be if this keeps up? Nothing any of us will recognize in comparison to the last 100 years! Do we want to lie down and accept this Soviet scenario, or get up and do something about it right now?

{"commentId":9194716,"threadId":"665775","contentId":"3215611","authorDomain":"RuthyJObservations"}

3 votes

#2.2 - Wed Sep 2, 2009 6:50 AM EDT

{"commentId":9196776,"authorDomain":"goluckydonald"}

RuthyJObservations...Incentives can make this country great. Lack of incentives can ruin it.

I have a 60 or more year point of view. Many of those that have a 10 or 20 year point of view are blind to reality.

{"commentId":9196776,"threadId":"665775","contentId":"3215611","authorDomain":"goluckydonald"}

3 votes

#2.3 - Wed Sep 2, 2009 10:17 AM EDT

{"commentId":9205083,"authorDomain":"tomwcraig"}

You want to know about the lack of incentives? If so look here, it is an article I wrote in my column. Look at my comments for a break-down on what farmers are really facing, right now. Then, think of the impact of "healthcare reform" and "Cap and Trade." We have not seen the ramifications of everything that Obama is working towards, yet. And, the future, with all or most of his policies in place, scares me deeply.

{"commentId":9205083,"threadId":"665775","contentId":"3215611","authorDomain":"tomwcraig"}

5 votes

#2.4 - Wed Sep 2, 2009 4:47 PM EDT

{"commentId":9208387,"authorDomain":"goluckydonald"}

tomwcraig...Keep beating the drum. When it becomes universally accepted that government is tyranny, they had better back off.

{"commentId":9208387,"threadId":"665775","contentId":"3215611","authorDomain":"goluckydonald"}

4 votes

#2.5 - Wed Sep 2, 2009 7:22 PM EDT

{"commentId":9216439,"authorDomain":"goluckydonald"}

tomwcraig...I'm guessing that the politicians want to curry favor with voters by artificially keeping milk prices low.

The end result of their tyranny may be the demise of milk production, and consumers will suffer.

{"commentId":9216439,"threadId":"665775","contentId":"3215611","authorDomain":"goluckydonald"}

2 votes

#2.6 - Thu Sep 3, 2009 9:51 AM EDT

{"commentId":9217109,"authorDomain":"tomwcraig"}

Wolf,

I do not think that milk prices are being kept artificially low. I believe what the farmer is paid is kept artificially low. For example, a gallon of whole milk in the store here in Central Pa (about 2 weeks ago) is $3.09, which is about $0.39 per pound. Farmers are only getting $0.13 per pound, and paying for all the shipping and advertising. That's $0.26 of the price of milk not going to farmers and mainly going to paying people to watch conveyors and computers or into pure profit.

{"commentId":9217109,"threadId":"665775","contentId":"3215611","authorDomain":"tomwcraig"}

3 votes

#2.7 - Thu Sep 3, 2009 10:24 AM EDT

{"commentId":9217435,"authorDomain":"goluckydonald"}

tomwcraig...Should the government "buzz off"?

{"commentId":9217435,"threadId":"665775","contentId":"3215611","authorDomain":"goluckydonald"}

3 votes

#2.8 - Thu Sep 3, 2009 10:40 AM EDT

{"commentId":9218334,"authorDomain":"tomwcraig"}

In the vast majority of cases, government should be muzzled and tied to a chair.

{"commentId":9218334,"threadId":"665775","contentId":"3215611","authorDomain":"tomwcraig"}

2 votes

#2.9 - Thu Sep 3, 2009 11:21 AM EDT

{"commentId":9243970,"authorDomain":"goluckydonald"}

tomwcraig...Should pain be inflicted on them. e.g. waterboarding, scrub with a stiff brush?

I think I'll try to write an article about government as regards freedom. They even have to tamper with milk prices. Not so priceless!

{"commentId":9243970,"threadId":"665775","contentId":"3215611","authorDomain":"goluckydonald"}

1 vote

#2.10 - Fri Sep 4, 2009 12:15 PM EDT

{"commentId":9246352,"authorDomain":"tomwcraig"}

Scrub 'em with a stiff, steel bristled brush. <EG>

{"commentId":9246352,"threadId":"665775","contentId":"3215611","authorDomain":"tomwcraig"}

1 vote

#2.11 - Fri Sep 4, 2009 1:58 PM EDT

{"commentId":9248749,"authorDomain":"goluckydonald"}

tomwcraig...We can't have that. They have Miranda rights, and besides, we have to follow the Geneva conventions.

{"commentId":9248749,"threadId":"665775","contentId":"3215611","authorDomain":"goluckydonald"}

2 votes

#2.12 - Fri Sep 4, 2009 3:40 PM EDT

{"commentId":9251625,"authorDomain":"tomwcraig"}

Okay, okay, okay, let's just make them scrub latrines with toothbrushes for the rest of their lives!

{"commentId":9251625,"threadId":"665775","contentId":"3215611","authorDomain":"tomwcraig"}

1 vote

#2.13 - Fri Sep 4, 2009 5:14 PM EDT

{"commentId":9255453,"authorDomain":"goluckydonald"}

tomwcraig...I'm working on my article, "Government Buzz Off!" Link Link

{"commentId":9255453,"threadId":"665775","contentId":"3215611","authorDomain":"goluckydonald"}

2 votes

#2.14 - Fri Sep 4, 2009 8:21 PM EDT

{"commentId":9255879,"authorDomain":"tomwcraig"}

Good links, Wolf. Perhaps you should focus a bit more on the Minimum Wage aspect of the first article than on some other points. Because, not only does it get rid of unskilled, entry-level workers; it is used as a weapon by unions to get higher pay for their employees and causes some of them to be laid off as well.

{"commentId":9255879,"threadId":"665775","contentId":"3215611","authorDomain":"tomwcraig"}

1 vote

#2.15 - Fri Sep 4, 2009 8:47 PM EDT

{"commentId":9256704,"authorDomain":"goluckydonald"}

tomwcraig...The article will be published in a matter of minutes. I hope you like it!

{"commentId":9256704,"threadId":"665775","contentId":"3215611","authorDomain":"goluckydonald"}

2 votes

#2.16 - Fri Sep 4, 2009 9:36 PM EDT

{"commentId":9189181,"authorDomain":"mikegoforth"}

Kavidog22

....Indeed Wolf,

I'm just about 40 and my wife and I (both employed at the same engineering firm) will be on our own come December. I've taken what little i have in a 401 and put it ALL into precious metals and the rest of our savings we've put into our (little) farm....hyperinflation, food/ammunition shortages, tax increases, etc.....etc....are on the horizon. Our current Administration likes to make a big 'to-do' about this little blip we're seeing on Wall St., but the dark clouds of things to come are just over the horizon....I think we're screwed....lol

{"commentId":9189181,"threadId":"665775","contentId":"3215611","authorDomain":"mikegoforth"}

7 votes

#3 - Tue Sep 1, 2009 8:10 PM EDT

{"commentId":9192006,"authorDomain":"goluckydonald"}

Kavidog22...I'm truly sorry for you and your wife. If we can survive the next 10 years, we should have a chance. I try not to make predictions, but the die has already been cast. No incentives for individual excellence, which is terrible. Coupled with that "spread the wealth around". It's a recipe for disaster.

{"commentId":9192006,"threadId":"665775","contentId":"3215611","authorDomain":"goluckydonald"}

3 votes

#3.1 - Tue Sep 1, 2009 11:28 PM EDT

{"commentId":9194731,"authorDomain":"RuthyJObservations"}

RuthyJObservations

Vote them all out of office as soon as possible. Vote in men and women who have a track record of standing up for "WE THE PEOPLE"!

{"commentId":9194731,"threadId":"665775","contentId":"3215611","authorDomain":"RuthyJObservations"}

3 votes

#3.2 - Wed Sep 2, 2009 6:53 AM EDT

{"commentId":9201176,"authorDomain":"leathernlacekitten"}

Freedom Writer-801740

Ruthy that is a great idea, but where are these men and women who have a track record of standing up for we the people. I certainly dont see them in either party. Most politicians are just concerned about gettting what they can and screwing everyone else. And that is not a democrat or republican thing, that is just a politician thing.

{"commentId":9201176,"threadId":"665775","contentId":"3215611","authorDomain":"leathernlacekitten"}

2 votes

#3.3 - Wed Sep 2, 2009 1:56 PM EDT

{"commentId":9204920,"authorDomain":"goluckydonald"}

Freedom Writer-801740 #3.3...I don't see them either. Gingrich, Huckabee, Palin, Jindal, Romney are passive. Rush Limbaugh speaks out, but he wouldn't waste his time on politics. We need someone with a bunch of money, who likes politics, and who can express the needs of this nation.

Someone like Ronald Reagan.

{"commentId":9204920,"threadId":"665775","contentId":"3215611","authorDomain":"goluckydonald"}

2 votes

#3.4 - Wed Sep 2, 2009 4:41 PM EDT

{"commentId":9211719,"authorDomain":"chouchou"}

Yes Reagan will, definitely.

{"commentId":9211719,"threadId":"665775","contentId":"3215611","authorDomain":"chouchou"}

2 votes

#3.5 - Wed Sep 2, 2009 11:18 PM EDT

{"commentId":9212233,"authorDomain":"goluckydonald"}

chouchou...Did you read that RuthyJ met Reagan personally and shook his hand?

{"commentId":9212233,"threadId":"665775","contentId":"3215611","authorDomain":"goluckydonald"}

1 vote

#3.6 - Thu Sep 3, 2009 12:01 AM EDT

{"commentId":9213708,"authorDomain":"chouchou"}

wolf wolfman #3.6

No unfortunately, I did not but Wow RuthyJ did? I am so impressed. Thanks for sharing.

{"commentId":9213708,"threadId":"665775","contentId":"3215611","authorDomain":"chouchou"}

1 vote

#3.7 - Thu Sep 3, 2009 3:08 AM EDT

{"commentId":9214982,"authorDomain":"goluckydonald"}

chouchou...I have a letter from Nancy. She sent it after Ronald's funeral.

{"commentId":9214982,"threadId":"665775","contentId":"3215611","authorDomain":"goluckydonald"}

2 votes

#3.8 - Thu Sep 3, 2009 8:19 AM EDT

{"commentId":9217577,"authorDomain":"chouchou"}

Wolf wolfman #3.8,

I remembered exactly where I was when I watched via satellite the funeral broadcast LIVE--Beijing, PRC. I was very surprised they [chinese govrernment]did not censor, as they often do, even though I was watchng CNN.

A letter from Nancy---that's so impressive.

{"commentId":9217577,"threadId":"665775","contentId":"3215611","authorDomain":"chouchou"}

1 vote

#3.9 - Thu Sep 3, 2009 10:46 AM EDT

{"commentId":9217734,"authorDomain":"goluckydonald"}

chouchou...I would like to learn more about your world travels as time permits.

{"commentId":9217734,"threadId":"665775","contentId":"3215611","authorDomain":"goluckydonald"}

1 vote

#3.10 - Thu Sep 3, 2009 10:54 AM EDT

{"commentId":9217850,"authorDomain":"goluckydonald"}

chouchou...One of my goals is to get my column viewed world wide. I had 27 visits from Australia. I don't think Newsvine will do the job, but I have to come up with something. Any suggestions?

I was thinking about getting on a newspaper forum in say the UK.

{"commentId":9217850,"threadId":"665775","contentId":"3215611","authorDomain":"goluckydonald"}

1 vote

#3.11 - Thu Sep 3, 2009 10:59 AM EDT

{"commentId":9218479,"authorDomain":"goluckydonald"}

chouchou...I have joined a forum in the UK. Guardian.co.uk Link I plan to post the Newsvine url in my posts there.

{"commentId":9218479,"threadId":"665775","contentId":"3215611","authorDomain":"goluckydonald"}

1 vote

#3.12 - Thu Sep 3, 2009 11:27 AM EDT

{"commentId":9235881,"authorDomain":"chouchou"}

Wolf wolfman---3.10, 3.11, 3.12

Great idea regarding the guardian, it is a well respected newspaper. I will give this subject some thoughts and email you directly, if that's all right? With regard to sharing world travels (#3.10) , I would love to do so....

{"commentId":9235881,"threadId":"665775","contentId":"3215611","authorDomain":"chouchou"}

#3.13 - Fri Sep 4, 2009 12:05 AM EDT

{"commentId":9236016,"authorDomain":"goluckydonald"}

chouchou #3.13...Your wish is my command. [chuckle]

{"commentId":9236016,"threadId":"665775","contentId":"3215611","authorDomain":"goluckydonald"}

#3.14 - Fri Sep 4, 2009 12:15 AM EDT

{"commentId":9190122,"authorDomain":"mark-cyst"}

Mark Cyst

Hyper inflation is going to dump many senior citizens into poverty. So many buy food instead of meds. No money, no food, no meds......why rush the health care plan, just let inflation weed out a large part of society.

{"commentId":9190122,"threadId":"665775","contentId":"3215611","authorDomain":"mark-cyst"}

#4 - Tue Sep 1, 2009 9:12 PM EDT

{"commentId":9196833,"authorDomain":"goluckydonald"}

RuthyJObservations #3.2...What a refreshing thought!

{"commentId":9196833,"threadId":"665775","contentId":"3215611","authorDomain":"goluckydonald"}

1 vote

#5 - Wed Sep 2, 2009 10:21 AM EDT

{"commentId":9219108,"authorDomain":"fwells11"}

Frank Wells

I guess they can't be too concerned about debt, they gave all federal employees a 2-2.9% pay raise last month! I can get onboard with the military personnel getting a pay raise but every other position should not have gotten one...

Source

{"commentId":9219108,"threadId":"665775","contentId":"3215611","authorDomain":"fwells11"}

2 votes

#6 - Thu Sep 3, 2009 11:55 AM EDT

{"commentId":9236052,"authorDomain":"goluckydonald"}

Frank...I don't think they care one iota. Their conscience must atrophy just like being brain dead.

{"commentId":9236052,"threadId":"665775","contentId":"3215611","authorDomain":"goluckydonald"}

#7 - Fri Sep 4, 2009 12:19 AM EDT

{"commentId":9269856,"authorDomain":"debrabsams"}

LifeTravler

I don't know about the rest of y'all, but I'm preparing. I'm buying certain things in bulk and getting seed. I don't see any good down the road, and I'm going to be as ready as I can be.

{"commentId":9269856,"threadId":"665775","contentId":"3215611","authorDomain":"debrabsams"}

3 votes

#8 - Sat Sep 5, 2009 9:25 PM EDT

{"commentId":9270698,"authorDomain":"goluckydonald"}