20 trillion in debt

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Nesikep
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Re: 20 trillion in debt

Postby Nesikep » Mon Oct 02, 2017 12:50 am

BK9954 wrote:
farmerjan wrote:Anyone ever dealt with Lear Capital? Heard them advertised on Rush Limbaugh. Got a prospectus in the mail and am considering it. They will also buy back; question is what would you use for the "money" if the dollar goes to he// ? I am a big believer in silver also since it is used in so many industrial applications. It is fairly cheap now, less than $20. I remember when it hit nearly $50 a few years ago. Have only ever invested in actual silver like pre 1964 quarters but am looking to do something while the market is so high and get some of my retirement money into something more safe and sensible than the stock market. Lost too much in 2008 and I am getting too close to retirement now.

You would use hyper inflated dollars or possibly have it paid back in euros or another currency if they are stable. The only good thing about getting hyper inflated dollars back is I could pay off my mortgage with worthless dollars.

as long as you can generate the money to service the debt, it's a good thing to have debt when hyperinflation hits...

That's what scares me about all this corporate land buying, it's all on credit, and when SHTF, they'll own all the assets they and pay for it with garbage money
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Re: 20 trillion in debt

Postby TexasBred » Mon Oct 02, 2017 4:13 pm

Nesikep wrote:
BK9954 wrote:
farmerjan wrote:Anyone ever dealt with Lear Capital? Heard them advertised on Rush Limbaugh. Got a prospectus in the mail and am considering it. They will also buy back; question is what would you use for the "money" if the dollar goes to he// ? I am a big believer in silver also since it is used in so many industrial applications. It is fairly cheap now, less than $20. I remember when it hit nearly $50 a few years ago. Have only ever invested in actual silver like pre 1964 quarters but am looking to do something while the market is so high and get some of my retirement money into something more safe and sensible than the stock market. Lost too much in 2008 and I am getting too close to retirement now.

You would use hyper inflated dollars or possibly have it paid back in euros or another currency if they are stable. The only good thing about getting hyper inflated dollars back is I could pay off my mortgage with worthless dollars.

as long as you can generate the money to service the debt, it's a good thing to have debt when hyperinflation hits...

That's what scares me about all this corporate land buying, it's all on credit, and when SHTF, they'll own all the assets they and pay for it with garbage money

It was bought with garbage money as well. Just depends on how far you want to push the rope.
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Nesikep
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Re: 20 trillion in debt

Postby Nesikep » Mon Oct 02, 2017 5:06 pm

Yeah, that's true too.
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Re: 20 trillion in debt

Postby Stocker Steve » Tue Oct 03, 2017 2:29 am

Nesikep wrote:as long as you can generate the money to service the debt, it's a good thing to have debt when hyperinflation hits...
That's what scares me about all this corporate land buying, it's all on credit, and when SHTF, they'll own all the assets they and pay for it with garbage money


We have five families that are expanding in our area. Three buy large blocks of livestock land using FSA subsidized beginner farmer loans, and two rent a lot of crop land. Short term - - the local coffee shop experts don't think any of them are making much of a profit with the current commodity prices and low land appreciation. Longer term - - the land buyers will either go broke :( or profit greatly from the leverage. :banana: What are you betting?
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Re: 20 trillion in debt

Postby True Grit Farms » Tue Oct 03, 2017 5:18 am

Stocker Steve wrote:
Nesikep wrote:as long as you can generate the money to service the debt, it's a good thing to have debt when hyperinflation hits...
That's what scares me about all this corporate land buying, it's all on credit, and when SHTF, they'll own all the assets they and pay for it with garbage money


We have five families that are expanding in our area. Three buy large blocks of livestock land using FSA subsidized beginner farmer loans, and two rent a lot of crop land. Short term - - the local coffee shop experts don't think any of them are making much of a profit with the current commodity prices and low land appreciation. Longer term - - the land buyers will either go broke :( or profit greatly from the leverage. :banana: What are you betting?


Profit greatly is my guess. The citizens of this country bail the farmers out on a continuous basis for reasons that make no sense. Some farmers are the hardest working freeloaders in the US of A.
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Re: 20 trillion in debt

Postby BrangusUSA » Tue Oct 03, 2017 9:22 am

:?: True Grit can you elaborate on the above statement please?
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Re: 20 trillion in debt

Postby True Grit Farms » Tue Oct 03, 2017 9:11 pm

BrangusUSA wrote::?: True Grit can you elaborate on the above statement please?


What part? The subsidies, cost share, low interest loans, beginning farmer loans, EQIP, WHIP, CSP, CRP it's all welfare and food stamps under different names and titles.
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Re: 20 trillion in debt

Postby TexasBred » Wed Oct 04, 2017 8:20 am

True Grit Farms wrote:
BrangusUSA wrote::?: True Grit can you elaborate on the above statement please?


What part? The subsidies, cost share, low interest loans, beginning farmer loans, EQIP, WHIP, CSP, CRP it's all welfare and food stamps under different names and titles.

Couldn't help but notice many of those require repayments. How is that a "bailout"???
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Re: 20 trillion in debt

Postby BrangusUSA » Wed Oct 04, 2017 9:13 am

True Grit I like my statement better...
"Some farmers are the hardest working people in the US of A."

I haven't personally used any of those programs so I cannot vouch for their use/abuse.
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Re: 20 trillion in debt

Postby Son of Butch » Thu Aug 02, 2018 2:13 pm

BK9954 wrote:
Farm Fence Solutions wrote:
BK9954 wrote:You need "everything" self sufficient, from water, food.. energy and all.
If you have that and your land is paid for you may be okay, if not you might be in the mob or in a FEMA camp


As long as we pay property taxes, our land will never be paid for.

That's why you should have a healthy supply of gold and silver.
.......... gold and silver should keep up with the inflation comparably and help pay property taxes,

Gold update:
8/31/2017 $1,322 oz
8/02/2018 $1,212 oz

Silver
8/31/2017 $17.61 oz
8/02/2018 $15.32

Gold down $110 ounce or -8.3% in less than 12 months and Silver down -13%

$10,000 worth of gold year ago now worth $9,170
$10,000 of silver is now worth $8,700

Gold peaked at $1,895 in 2011
$10,000 worth of gold bought in 2011 is now worth $6,400

Silver Feb. 2011 was $38.15
$10,000 of silver bought at the high in 2011 is now worth $3,510
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Re: 20 trillion in debt

Postby TennesseeTuxedo » Thu Aug 02, 2018 3:52 pm

Son of Butch wrote:
BK9954 wrote:
Farm Fence Solutions wrote:
As long as we pay property taxes, our land will never be paid for.

That's why you should have a healthy supply of gold and silver.
.......... gold and silver should keep up with the inflation comparably and help pay property taxes,

Gold update:
8/31/2017 $1,322 oz
8/02/2018 $1,212 oz

Silver
8/31/2017 $17.61 oz
8/02/2018 $15.32

Gold down $110 ounce or -8.3% in less than 12 months and Silver down -13%

$10,000 worth of gold year ago now worth $9,170
$10,000 of silver is now worth $8,700

Gold peaked at $1,895 in 2011
$10,000 worth of gold bought in 2011 is now worth $6,400

Silver Feb. 2011 was $38.15
$10,000 of silver bought at the high in 2011 is now worth $3,510


Don't tell that to a "gold bug".
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Nesikep
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Re: 20 trillion in debt

Postby Nesikep » Thu Aug 02, 2018 4:21 pm

Lets check back in 10 or 20 years.
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Re: 20 trillion in debt

Postby Farm Fence Solutions » Thu Aug 02, 2018 4:33 pm

Son of Butch wrote:
BK9954 wrote:
Farm Fence Solutions wrote:
As long as we pay property taxes, our land will never be paid for.

That's why you should have a healthy supply of gold and silver.
.......... gold and silver should keep up with the inflation comparably and help pay property taxes,

Gold update:
8/31/2017 $1,322 oz
8/02/2018 $1,212 oz

Silver
8/31/2017 $17.61 oz
8/02/2018 $15.32

Gold down $110 ounce or -8.3% in less than 12 months and Silver down -13%

$10,000 worth of gold year ago now worth $9,170
$10,000 of silver is now worth $8,700

Gold peaked at $1,895 in 2011
$10,000 worth of gold bought in 2011 is now worth $6,400

Silver Feb. 2011 was $38.15
$10,000 of silver bought at the high in 2011 is now worth $3,510


Thought I was looking at a cattle market report there for a minute. :lol2:
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Re: 20 trillion in debt

Postby hurleyjd » Thu Aug 02, 2018 5:25 pm

Last time the national was close to being paid was during the Carter administration. Between 500 and 750 billion. Been on the credit card every since. An economy based on debt will not last. We will have a depression like that never been seen before. It will be world wide. Farms and homes will be lost to the government because we will not be able to pay the taxes. Better have plenty of ammo and maga caps to keep your place under a bridge protected.
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Re: 20 trillion in debt

Postby Son of Butch » Thu Aug 02, 2018 6:15 pm

Nesikep wrote:Lets check back in 10 or 20 years.

Timing is everything.

Gold
8-14-1978... $213 oz
8-14-88 ......430 oz
8-12-98 ......283 oz
8-13-08 ......805 oz
8-19-11 ....1850 oz
8-2-13 .....1311 oz
8-2-18 .....1209 oz (close)

Silver
8/20/78 ....5.41 oz
8/18/88 ....6.68 oz
8/18/98 ....5.10 oz
8/17/08 ...13.04 oz
8/19/11 ...42.43 oz
8/2/13 ....19.91 oz
8/2/18 ....15.33 oz (close)

past performance does not guarantee future results :)
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