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Brilliance in government but we can afford it can't we? Or can we?

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  • Brilliance in government but we can afford it can't we? Or can we?

    Greetings brethren,

    The following was written by a man named Simon Black. I had to post it for all to read. It shows where we are at. It really looks like we are on a speeding train heading towards a cliff with no brakes, or nobody that has the good sense to apply them. Blessings ..... Steve




    Talk about a difference between fantasy and reality.

    It was just a few weeks ago that the International Monetary Fund predicted that Saudi Arabia would likely be bankrupt within the next five years.
    Saudi Arabia’s financial position is deteriorating rapidly, and the government is burning through cash like a coked-up rock star.
    Just a few months ago, the Saudi king visited the United States. When he touched down in his private jet he had a massive convoy of dozens of luxury vehicles waiting to whisk him away to the Four Seasons, where he had rented out the entire hotel for his stay, bankruptcy be damned.
    The Saudis followed this up with plans now to build the world’s tallest skyscraper, which would stand a full kilometer in height.
    Seriously, what are these people thinking?
    What kind of idiot goes out of his way to blow through cash when he’s rapidly going broke?
    Why, the United States of America of course.
    Senator Lankford of Oklahoma recently released a scathing report of what he called “Federal Fumbles” and absolutely ridiculous wastes of money.
    The report would be hilarious if it weren’t true… and funded with your own tax dollars, including:
    • $374,087 to study senior citizen dating habits;
    • $545,000 to teach members of Congress how to answer questions;
    • $4 million per rebel to train fighters in Syria.
    Of course one of my favorites, which isn’t even in the report, is the federal government’s policy on peanuts and many other agricultural products.
    US Federal law requires the government to pay American peanut farmers when the price of peanuts goes below a certain level.
    With the peanut market in a serious slump this year, this means that the industry is likely to require some $2 billion in bailout funds.
    The sad part about this is that the government is required to buy the crop at a price that dramatically exceeds the market price of peanuts.
    In other words, taxpayers are guaranteed to lose money on this deal because the government is happy to overpay.
    It reminds me of all the classic stories we heard after the fall of the Soviet Union about government incompetence.
    My favorite was about the Soviet boot factory that only made left boots, but no right boots.
    It’s hard to find much of a difference these days.
    Are these governments so different and special that they can go on spending indefinitely and without consequence?
    Like spending $43 million of taxpayer funds to build a gas station in Afghanistan that no one around could use?
    Or building a multi-billion dollar skyscraper right after being informed that you’re going bankrupt?
    The IMF has singled out Saudi Arabia and hung a giant countdown timer over the nation’s economy.
    Given that the IMF is a lapdog of the US government, you’ll never see them do the same in the West. But the circumstances are just as obvious.
    US federal debt now stands at nearly $19 trillion, after an astonishing $674 billion debt increase just last month. And there’s yet another shutdown looming just days away.
    It’s pretty clear where this is going.
    And no, nothing dramatic is going to happen today or tomorrow.
    But now is definitely the best time to start building a Plan B.
    The most severe consequences could take years to play out, but it’s hard to imagine that you’ll be worse off for taking sensible steps to ensure you’re not a victim of such colossal government stupidity.

  • #2
    Originally posted by Steve Hollander View Post
    Greetings brethren,

    The following was written by a man named Simon Black. I had to post it for all to read. It shows where we are at. It really looks like we are on a speeding train heading towards a cliff with no brakes, or nobody that has the good sense to apply them. Blessings ..... Steve




    Talk about a difference between fantasy and reality.

    It was just a few weeks ago that the International Monetary Fund predicted that Saudi Arabia would likely be bankrupt within the next five years.
    Saudi Arabia’s financial position is deteriorating rapidly, and the government is burning through cash like a coked-up rock star.
    Just a few months ago, the Saudi king visited the United States. When he touched down in his private jet he had a massive convoy of dozens of luxury vehicles waiting to whisk him away to the Four Seasons, where he had rented out the entire hotel for his stay, bankruptcy be damned.
    The Saudis followed this up with plans now to build the world’s tallest skyscraper, which would stand a full kilometer in height.
    Seriously, what are these people thinking?
    What kind of idiot goes out of his way to blow through cash when he’s rapidly going broke?
    Why, the United States of America of course.
    Senator Lankford of Oklahoma recently released a scathing report of what he called “Federal Fumbles” and absolutely ridiculous wastes of money.
    The report would be hilarious if it weren’t true… and funded with your own tax dollars, including:
    • $374,087 to study senior citizen dating habits;
    • $545,000 to teach members of Congress how to answer questions;
    • $4 million per rebel to train fighters in Syria.
    Of course one of my favorites, which isn’t even in the report, is the federal government’s policy on peanuts and many other agricultural products.
    US Federal law requires the government to pay American peanut farmers when the price of peanuts goes below a certain level.
    With the peanut market in a serious slump this year, this means that the industry is likely to require some $2 billion in bailout funds.
    The sad part about this is that the government is required to buy the crop at a price that dramatically exceeds the market price of peanuts.
    In other words, taxpayers are guaranteed to lose money on this deal because the government is happy to overpay.
    It reminds me of all the classic stories we heard after the fall of the Soviet Union about government incompetence.
    My favorite was about the Soviet boot factory that only made left boots, but no right boots.
    It’s hard to find much of a difference these days.
    Are these governments so different and special that they can go on spending indefinitely and without consequence?
    Like spending $43 million of taxpayer funds to build a gas station in Afghanistan that no one around could use?
    Or building a multi-billion dollar skyscraper right after being informed that you’re going bankrupt?
    The IMF has singled out Saudi Arabia and hung a giant countdown timer over the nation’s economy.
    Given that the IMF is a lapdog of the US government, you’ll never see them do the same in the West. But the circumstances are just as obvious.
    US federal debt now stands at nearly $19 trillion, after an astonishing $674 billion debt increase just last month. And there’s yet another shutdown looming just days away.
    It’s pretty clear where this is going.
    And no, nothing dramatic is going to happen today or tomorrow.
    But now is definitely the best time to start building a Plan B.
    The most severe consequences could take years to play out, but it’s hard to imagine that you’ll be worse off for taking sensible steps to ensure you’re not a victim of such colossal government stupidity.

    Thanks Steve for posting this. How true.

    We may already be beyond the point of no return.

    When the interest on our debt is more than our government takes in, then there is no way for us to recover. This is why the federal Reserve has been trying to keep interest at very low rates. They do not want to kill the goose that lays the golden eggs that they steal from the people of the US.

    But they will not be able to keep interest this low forever. When interest rates go back up the US will not be able to pay the interest yet alone any of the principle. We will then be bankrupt.

    Comment


    • #3
      Originally posted by Lou Newton View Post


      Thanks Steve for posting this. How true.

      We may already be beyond the point of no return.

      When the interest on our debt is more than our government takes in, then there is no way for us to recover. This is why the federal Reserve has been trying to keep interest at very low rates. They do not want to kill the goose that lays the golden eggs that they steal from the people of the US.

      But they will not be able to keep interest this low forever. When interest rates go back up the US will not be able to pay the interest yet alone any of the principle. We will then be bankrupt.
      Hi brother I hope you are well. I prayed for you and Isaac and Leah over the holiday. I prayed for you to have a good trip back home.
      I had a good thanksgiving and got sick right after on Friday through today. I'm feeling a little bit better each day.
      I keep hearing that we're already past the point of no repair. At the very least, for the financial system. The moral systems aren't much better either but they can hold on longer until the King puts a stop to it first. I think it's going to fail. Blessings. ...
      Steve

      Comment


      • #4
        Originally posted by Steve Hollander View Post

        Hi brother I hope you are well. I prayed for you and Isaac and Leah over the holiday. I prayed for you to have a good trip back home.
        I had a good thanksgiving and got sick right after on Friday through today. I'm feeling a little bit better each day.
        I keep hearing that we're already past the point of no repair. At the very least, for the financial system. The moral systems aren't much better either but they can hold on longer until the King puts a stop to it first. I think it's going to fail. Blessings. ...
        Steve

        Good to hear you are` getting better. I will be praying for you.

        Comment


        • #5
          Originally posted by Lou Newton View Post


          Thanks Steve for posting this. How true.

          We may already be beyond the point of no return.

          When the interest on our debt is more than our government takes in, then there is no way for us to recover. This is why the federal Reserve has been trying to keep interest at very low rates. They do not want to kill the goose that lays the golden eggs that they steal from the people of the US.

          But they will not be able to keep interest this low forever. When interest rates go back up the US will not be able to pay the interest yet alone any of the principle. We will then be bankrupt.
          Yes, thanks Steve. It is not looking good. It occurs to me that if any of us had any hope for the world we live in, this may be the supreme opportunity to put all our hope in Jesus.

          Lou, you make good points. I've been reading some stuff, like...

          The debt ceiling was recently raised by some large amount (I don't remember the numbers). But they can't afford not to. The federal government is the borrower of last resort. If citizens aren't borrowing, then the federal government borrows on our behalf. This is necessary to avoid collapsing the debt bubble. And they need to pay themselves so they can continue to spend more.

          In 2016 the Federal Reserve plans to raise interest rates. This will make it hard to impossible for businesses and home owners to afford loans and refinancing. If I recall correctly, people not taking on debt results in the destruction of currency, which causes deflation? This would be very bad for growth in a debt-based economy. The IRS will also probably raise our taxes, unless it is the design for the Corporate US to default again (Corporate US went bankrupt in 1933).

          Obama is pushing states to raise the minimum wage. When minimum wage positions have to pay more, prices will increase and be passed on to businesses and consumers which are already in austerity mode. This will destroy more jobs and more businesses, harm the purchasing power of consumers, and grow the welfare state.

          Federal bureaucrats are planning on lobbying Congress to bail out health insurance companies experiencing shortfalls due to Obamacare, to the tune of more than $2 billion. Rather than disarm the economic doomsday device, we can expect Congress will vote yes on this. These insurance companies are the same shysters who helped write Obamacare to get rich off it, and they're already insolvent.

          Tons of welfare and aid to amnesty recipients and immigrants.

          Tons of foreign aid is being pumped to other nations.

          Tons of funny money is going into theatrics (war on terror, war on climate change, war on guns, war on drugs, war on anti-gays, war on Caucasians, war on the Jews, war on cops, war on conservatives, war on truth, war on Jesus...), and the domestic (UN) military that everyone hopes will soothe our fear of bad guys.

          There's way more that could be mentioned, but it beats the dead horse.

          I'm sure they have a plan. I'm sure we won't like their plan. Yet they still have to contend with the Lord's will.

          If anything does happen the features of living will change, but the most important things will not: we will still need to walk in the shadow of the Lord every day, and He will keep us. Psalm 23, Psalm 91.
          Last edited by Baruch; December 4, 2015, 12:14 AM.

          Comment


          • #6
            Originally posted by Baruch View Post

            Yes, thanks Steve. It is not looking good. It occurs to me that if any of us had any hope for the world we live in, this may be the supreme opportunity to put all our hope in Jesus.

            Lou, you make good points. I've been reading some stuff, like...

            The debt ceiling was recently raised by some large amount (I don't remember the numbers). But they can't afford not to. The federal government is the borrower of last resort. If citizens aren't borrowing, then the federal government borrows on our behalf. This is necessary to avoid collapsing the debt bubble. And they need to pay themselves so they can continue to spend more.

            In 2016 the Federal Reserve plans to raise interest rates. This will make it hard to impossible for businesses and home owners to afford loans and refinancing. If I recall correctly, people not taking on debt results in the destruction of currency, which causes deflation? This would be very bad for growth in a debt-based economy. The IRS will also probably raise our taxes, unless it is the design for the Corporate US to default again (Corporate US went bankrupt in 1933).

            Obama is pushing states to raise the minimum wage. When minimum wage positions have to pay more, prices will increase and be passed on to businesses and consumers which are already in austerity mode. This will destroy more jobs and more businesses, harm the purchasing power of consumers, and grow the welfare state.

            Federal bureaucrats are planning on lobbying Congress to bail out health insurance companies experiencing shortfalls due to Obamacare, to the tune of more than $2 billion. Rather than disarm the economic doomsday device, we can expect Congress will vote yes on this. These insurance companies are the same shysters who helped write Obamacare to get rich off it, and they're already insolvent.

            Tons of welfare and aid to amnesty recipients and immigrants.

            Tons of foreign aid is being pumped to other nations.

            Tons of funny money is going into theatrics (war on terror, war on climate change, war on guns, war on drugs, war on anti-gays, war on Caucasians, war on the Jews, war on cops, war on conservatives, war on truth, war on Jesus...), and the domestic (UN) military that everyone hopes will soothe our fear of bad guys.

            There's way more that could be mentioned, but it beats the dead horse.

            I'm sure they have a plan. I'm sure we won't like their plan. Yet they still have to contend with the Lord's will.

            If anything does happen the features of living will change, but the most important things will not: we will still need to walk in the shadow of the Lord every day, and He will keep us. http://biblehub.com/kjv/psalms/23.htm"]Psalm 23[/URL], http://biblehub.com/kjv/psalms/91.htm"]Psalm 91[/URL].
            Very well put Barry.

            Comment

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