20 trillion in debt

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Son of Butch
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Re: 20 trillion in debt

Postby Son of Butch » Thu Aug 02, 2018 6:39 pm

hurleyjd wrote: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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fire and brimstone, earthquakes and volcanoes....
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Re: 20 trillion in debt

Postby Nesikep » Thu Aug 02, 2018 7:14 pm

Yep, and current losses don't make it a bad long term investment either
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Re: 20 trillion in debt

Postby Farm Fence Solutions » Thu Aug 02, 2018 7:37 pm

Better off buying boats, best I can tell.
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Re: 20 trillion in debt

Postby greybeard » Thu Aug 02, 2018 10:40 pm

Never underestimate the value and importance of a boat...
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Re: 20 trillion in debt

Postby Nesikep » Fri Aug 03, 2018 12:29 am

Boat.. break out another thousand? A hole in the water you pour money into?
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Re: 20 trillion in debt

Postby greybeard » Fri Aug 03, 2018 6:50 am

Nesikep wrote:Boat.. break out another thousand? A hole in the water you pour money into?


It beats trying to fish or ski from the back of a cow....
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Re: 20 trillion in debt

Postby Nesikep » Fri Aug 03, 2018 11:14 am

A boat is useless without water like around here.. Fish from the shore of the river anyhow.. Ski on snow.
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Re: 20 trillion in debt

Postby hurleyjd » Fri Aug 03, 2018 12:30 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. TB frowned on this in another thread on this topic but gold and silver should keep up with the inflation comparably and help pay property taxes, depending on how much you have. Maybe livestock prices will adjust to the dollar value.

Do you really think that if the economy has a shutdown or a slowdown any one would want your gold or silver. You might be just as well off raising chickens that are as sustainable as any other livestock out there. You could sell eggs and fryers that can be eat with out any refrigeration required. Chickens could pretty well fend for themselves.
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Re: 20 trillion in debt

Postby greybeard » Fri Aug 03, 2018 1:16 pm

Has there ever been a single time in history other people DIDN'T lust after, want, covet, and/or try to steal all the gold and silver they could?
Certainly not right now.
https://www.bbc.com/news/world-europe-45028732
February 2003 - Robbers steal jewels, then worth €100m (now $117m; £89m), from the Antwerp Diamond Centre in Belgium

February 2005 - An armed gang disguised as airport workers hijack a lorry carrying €75m ($88m; £67m) of diamonds and other jewels at Amsterdam airport

December 2008 - A group of men steal over €85m ($99m; £76m) of watches and jewels in two Paris heists - one in 2007 and the other a year later

August 2009 - Armed men take jewellery worth £40m ($61m; €45m) in a raid on the Graff Diamonds shop in central London

July 2013 - An armed man takes jewels worth about €40m ($47m; £36m) from a hotel jewellery exhibition in the French Riviera resort of Cannes

April 2015 - A group of men - mostly in their 60s and 70s - drill into a safety deposit vault in London's Hatton Garden, taking £13.7m ($18m;€15.4m) in gold, cash and gems
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Re: 20 trillion in debt

Postby Nesikep » Fri Aug 03, 2018 2:58 pm

That sounds like Oceans 11, Heist, and a host of other movies
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Re: 20 trillion in debt

Postby Farm Fence Solutions » Fri Aug 03, 2018 3:33 pm

Nesikep wrote:Boat.. break out another thousand? A hole in the water you pour money into?



I sold one yesterday for a 141% ROI. That beats any of my cows so far this year. :nod:
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Re: 20 trillion in debt

Postby ga.prime » Fri Aug 03, 2018 3:39 pm

I heard somebody talking yesterday about how somebody stole his boat and motor out from under his carport while he was in the house.
Last edited by ga.prime on Fri Aug 03, 2018 3:39 pm, edited 1 time in total.
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Re: 20 trillion in debt

Postby Nesikep » Fri Aug 03, 2018 3:39 pm

yeah, until you sell nothing gives you much ROI.. a boat, none, a cow, 10% maybe?
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Re: 20 trillion in debt

Postby Ryder » Fri Aug 03, 2018 6:12 pm

hurleyjd 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. TB frowned on this in another thread on this topic but gold and silver should keep up with the inflation comparably and help pay property taxes, depending on how much you have. Maybe livestock prices will adjust to the dollar value.

Do you really think that if the economy has a shutdown or a slowdown any one would want your gold or silver. You might be just as well off raising chickens that are as sustainable as any other livestock out there. You could sell eggs and fryers that can be eat with out any refrigeration required. Chickens could pretty well fend for themselves.

Would anyone want your gold/silver if economy shutdown?
YES!
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Re: 20 trillion in debt

Postby ddd75 » Sun Aug 05, 2018 5:43 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.



top guy in my county from 1995 - 2016 received:

$ 2,289,032.75

next was 1.5 million.
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