[smiley]

$this->bbcode_second_pass_quote('', 'T')hat's the problem with the "foreigners will buy you all out" nonsense.

[AgentR11]

$this->bbcode_second_pass_quote('smiley', 'B')ut a company is far more than just a set of buildings. It's greatest value lays in the experience that has been accumulated within this company throughout its existence. This experience sometimes has a tanglible form such as patents and licences, but in many cases is hidden in various forms of methodologies, workmanship etc.

[Cog]

$this->bbcode_second_pass_quote('EnergyUnlimited', '')$this->bbcode_second_pass_quote('Daniel_Plainview', 'I') predict that Obarfa will invoke the 14th Amendment so as to declare the debt ceiling unconstitutional.

[prajeshbhat]

$this->bbcode_second_pass_quote('', 'B')asic rule, you can't buy something substantial without putting upward pressure on its price.

[AgentR11]

That's probably why we come to different conclusions on this, I'm fairly certain there are, and will be interested buyers in a hyperinflation environment, even if Bob Average is experiencing a depression and poor wage prospects.

I also think it would be foolish to sell off in a hyperinflation environment; you'll get tagged with a ridiculously high amount of capital gains taxes without having really gained any value at all. And if you are sitting in cash when its happening, you'll take a huge loss on value. Basically, if you have enough in commodities as a buffer, I can't think of anything better than to be sitting on dividend yielding, asset heavy companies. Their balance sheets will ride the inflation; and you have decent prospects of getting some return as dividends catch up to inflated values after a year or few...

[PrestonSturges]

For a long time I have said that the Tea Party has tapped into sort of a nihilistic Khmer Rogue impulse, and they are absolutely determined to have some sort of smashup.

I have also been saying that they are inevitably moving towards some sort of Night Of The Long Knives where the national party dumps them.

I'm not sure what happens to the politicians that tried to ride that wave. Boehner did not buy into it as heavily as Cantor. Tonight Boehner looks ruined, but it may be Cantor that loses.

At the local level, in the places where they took power in 2010, public sentiment is building against them. We'll see how that works out.....

[prajeshbhat]

$this->bbcode_second_pass_quote('', 'I') also think it would be foolish to sell off in a hyperinflation environment; you'll get tagged with a ridiculously high amount of capital gains taxes without having really gained any value at all. And if you are sitting in cash when its happening, you'll take a huge loss on value. Basically, if you have enough in commodities as a buffer, I can't think of anything better than to be sitting on dividend yielding, asset heavy companies.

[mad_marten]

$this->bbcode_second_pass_quote('', '
')prajeshbhat wrote:But the way things are going, most probably the government will continue to go full steam ahead of deficits until it self-destructs into oblivion overnight.

[Plantagenet]

$this->bbcode_second_pass_quote('mad_marten', ' ')GWB tax cuts were designed to specifically achieve the deficits we have now, not a miscalculation. Yes, that's right.

[mad_marten]

PA, are you claiming that Bush et al. wasn't aware and/or proponents of STB?

Any action of Obama (good/bad or ugly) doesn't absolve Bush. It seems Obama made shrewd/shameless political calculation to not be blamed for raising taxes right in the middle of the 2nd great depression.

[EnergyUnlimited]

It seems that last 2 Emperors were not really good in balancing budget...

[Outcast_Searcher]

The dems want to take care of the "least fortunate", with no limit, to get elected.

The GOP wants to fund "defense" with no limit, AND lower taxes no matter what, to get elected.

Neither approach faces the necessity to pay our bills over time.

We're now being confronted with the fact that we are indeed a banana republic, and that the bills cannot be paid. (If we tried to actually balance the budget, it would crush the economy like a bug, weak as it already is).

I am not religious, but phrases like "reaping what we sow" are coming to mind.

[AusJake]

I can see why dictatorships are preferable... for the dictators. China is doing quite well, though debatable if thats entirely because of the U.S
Democratic society has proven that beaucracy and political correctness will impede on progress. So, choose your poison, democracy, or dictatorship?
I'm starting to lean towards electing a dictator who will judge whats best for the people. The people only want lower taxes, and at times that is not in the best interest of the nation.

[EnergyUnlimited]

$this->bbcode_second_pass_quote('Outcast_Searcher', '
')We're now being confronted with the fact that we are indeed a banana republic, and that the bills cannot be paid.

[Timo]

To the victor go the spoils. Who the victor is in this fight, i have no idea, but whoever wins, i say let 'em have it. This mess they've created is all theirs now. They have the responsibility for providing for American prosperity, only now they have to do it for free.

Hey! ".....land of the free and home of the brave." This is the land where everything is free, and only the brave can get it. THAT"S their whole platform! Be brave. Stand up to everyone. Defy logic and the greedy, sensless needs of "the country club poor people," and eventually, everyone's needs will be met free of charge. Who needs money and revenues to run a government, anyway? We can start any war we want and not pay for it. We can sell anyone a house who wants one with no expectation that they actually pay for it. We can subsidize farmers to grow crops for the masses and keep food ridiculously cheap. Ditto for gas and oil. Who needs money? Everything's fine!

[vision-master]

Money

[mad_marten]

good song

[Plantagenet]

$this->bbcode_second_pass_quote('mad_marten', ' ')It seems Obama made shrewd/shameless political calculation to not be blamed for raising taxes right in the middle of the 2nd great depression.

[Timo]

The bills from the Bush wars finally came due. Remember that he and the Congress refused to include their costs in the annual budget process, and were allocating funds on an as needed basis, all without any revenues to pay for them. They knew full well that the next president would get stuck with the bill for those unpaid wars, and then the Repugs would pounce on him for not being able to pay trillions in unpaid bills on only billions in revenues. In fact, during the current budget debates, he hasn't called for any tax increases at all, but only the closure of loopholes and exemptions that aren't really necessary for the Big Six to make billions in profits. But, i agree. It's better to enable monstrous profits all at the expense of people who can't afford a corporate jet.

[mad_marten]

$this->bbcode_second_pass_quote('', 'Y')ou must live on bizarro earth, where everything is backwards.

Here on normal earth Obama has been calling for higher taxes for years right in the middle of the 2nd great depression...from Obamacare "fees" and carbon offset taxes in 2009 to his ineffective 2010 election push to just this month when the Obama-led debt ceiling talks collapsed because Obama insisted on raising taxes on corporate jets and other plutocratic evils Obama has consistently backed a wide variety of tax increases.