33 Replies to “Great Moments In Socialism”

  2. Someday the world will wake up and realize that the only viable currency is energy. One Kilowatt is universal.
    Paper money will crash one day.

  7. Paper money already crashed. That is why gold, energy, land, and food is increasing in value. That is the true flight to safety.

  8. Just wait. Someone will show up that tells us how to get rid of this debt. At a price though. Any freedom left in the World. The sacrifice of billions to slavery. Its happened before, its bound to happen again.
    The list is too long of the “Supermen” who promise the World to deliver only death.

  11. http://usawatchdog.com/dollar-and-america-on-the-road-to-ruin/
    In the last week or so, I’ve noticed an unusual amount of really well written and researched articles warning of impending doom and financial horror. These articles are not written by a bunch of angry uneducated bloggers but by money managers, investors and financial writers. All are people who got it right leading up to the meltdown of 2008, and my bet is they are right again. The mainstream media (MSM) told you after the 2008 crash, “Nobody saw that coming,” which is a bold faced lie that will not work again.

  12. Reminds me of a song-
    ♫ We’re in the Money ♫
    ♫ We’re in the Money ♫
    Be Careful where you step,
    you might fall
    ♫ Because we’re in the Money ♫

  16. Still dazed-amazed,
    But I now realize we need to borrow more money from the one country in pretty good shape-
    Canada.
    If Obama gets 4 more years,
    watch out,
    he will be sending drones.

  17. Well, damn. That lousy sweater my mom knit me 20 years ago, that I was saving for just such an economic meltdown — at least it was 100% wool and warm — hit the Goodwill bins a few years back. I always figured that when it got to the point of our having to use our furniture for fire wood, I’d have Mom’s sweater against the chilling cold.
    Maybe I’d better ask her for another one … or is it too late?

  18. It’s not like they borrowed money to stack in towers. That money was invested in people and is now bringing a return.
    That’s what bites and will continue in the future.

  19. Mainly OT but those are great computer graphics of the public buildings.
    And just half of Obama’s annual deficit is roughly equal to all of Canada’s debt. Holy crap.

  20. One Kilowatt is universal.
    Paper money will crash one day.
    Hey, buddy, I just got started. Don’t you have anything smaller than 100 watts?
    /hot dog street vendor

  21. Something hinky about this article….it keeps locking up my computor and refusing to end….
    Gonna do a system scam right directly……

  22. Inflation is the only way out for much of the world.
    Several of those nations will go from first world status to this world status as a result – Spain Italy. Greece is ready there.
    The US will be poorer but with some adjustments to its entitlements and deregulation of its labour force and other aspects of its system it can remain the preeminent nation on earth.

  23. “It’s not like they borrowed money to stack in towers. That money was invested in people and is now bringing a return.
    That’s what bites and will continue in the future.
    Posted by: WalterF at February 10, 2012 8:43 AM ”
    Very true,WalterF. But have you looked at the socialism,entitlement,union crap,shit,corruption,unicorn farts,pixie dust,etc. it has been returning? THAT is VERY scary.

  24. Getting a few laying hens for the backyard may be a good hedge fund, and planting a huge veggy garden, eh?
    And dig up the Winchester 30-30 as soon as Bill C-68 gets repealed.

  25. This should scare the hell out of the entitlement generation and the occupiers.Surely afew of them can understand basic economics and do high school math,the ones who majored in flower arranging and social enlightenment are already doomed anyway so they won t care until its too late
    anyway.

  26. It’s all Greek to me!
    In case anyone is feeling left out, When you factor in corporate and personal debt, Canada’s situation is as bad as the US when measured as a percentage of GDP.

  28. John Chittick @ 12:24
    Referring to the chart at the bottom of the link, Canada’s total debt is roughly one third of its GDP; The States have a total debt roughly equal – if you can overlook a trillion dollars – to their GDP.
    Canada appears to be in far better shape, comparatively speaking, or am I missing something?

  30. It is funny that the left thinks the solution is to tax the rich. Elementary math would tell anyone that it is way beyond that now. A massive currency devaluation/inflation is on the way.

  31. andycancuck:
    Re: One Kilowatt is universal.
    Paper money will crash one day.
    One kilowatt hour (today) using North American averages would be about a dime. Thus a dollar would be 10 KWH.
    Lets use an example. If you convert one US gallon of automotive gasoline to KWHs, you get 36.6 or $3.60 per gallon before taxes. Works out OK.
    Of course it would require adjustments. But the energy value of a kilowatt is universal and can be converted easily.
    My Grandfather had a book that was written in 1935, and that suggested this in the aftermath of the crash of 1929. Can’t recall the title!

  33. The crash of 2008 has made clear to everyone, except for die-hard lefties, that financing our societies with paper money has reached its limits. Loss of faith in fiat money is palpable even today as and lack of trust in government institutions that manage them is real. We are witnessing or going to witness the end of paper money as these currencies crumble one by one.
    Over the next 50 years we will witness depression type economic activity levels never before seen as we transition back to hard currencies. This transition is going to be painful as everyone will be hit somehow. However some classes are going to be hit harder than others. The corporate class, the producers, the private sector will do better than the parasitic class. The unions, governments, their attendant bureaucracies, the welfare class, and non producers in general including the seniors, will be hit especially hard, as there is no more appetite from the producers to support them.

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