U.S. Fiscal Meltdown in Spitting Distance: Laurence Kotlikoff

[earplug]

Whats the best color for my next CC holster?
Is a 308 really enough for general big game hunting?
If I get a $300 hundred dollar scope can I still hit a bowling ball off hand at 112 yards with my AR-15 clone?
While the dollar tanks, should I continue to think about the situation or act?

[TS12000]

It will be obvious when their paychecks stop coming and everyone is wiping their ass with hundred dollar bills...or two hundred thousand dollar bills

[flan7211]

Only plus to inflation is the ability to more easily pay off debt. That was the whole "green back" fight in the 1870's and 80's. Where agrarians argued that a more devalued dollar could help eliminate the debts they owed banks. While the hard currency types argued that it would destabilize the entire system. So if it hit that hard you wouldn't have an ounce of debt, but the following day banks couldn't loan money and business would collapse. So yes let's act on this before it's too late.

[CO Retriever]

Only plus to inflation is the ability to more easily pay off debt. That was the whole "green back" fight in the 1870's and 80's. Where agrarians argued that a more devalued dollar could help eliminate the debts they owed banks. While the hard currency types argued that it would destabilize the entire system. So if it hit that hard you wouldn't have an ounce of debt, but the following day banks couldn't loan money and business would collapse. So yes let's act on this before it's too late.

This is true to a point with certain types of debt. The debt that is the most valuable when these situations arise is fixed interest debt such as a mortgage. However the truth of matter is that the lending restrictions have gotten to the point that it's hard for most to qualify for additional fixed interest debt.

The banks knew that this was coming and it's part of the reason that they tightened up lending restrictions. The people who are going to make out on bandits are people who have been able to buy property while the market has been down with fixed interest debt. They will get the benefit of inflation and the benefit of buying cheap property. It's going to be the biggest wealth transfer that has ever taken place in the history of the world. Just my .02

[sniper7]

It will be obvious when their paychecks stop coming and everyone is wiping their ass with hundred dollar bills...or two hundred thousand dollar bills

kid makes some damn good money slingin crack!

[Fried Chicken Blowout]

Whats the best color for my next CC holster?BLACK - Aways bet on black. Tan and other colors will come and go, but black will always be in style.
Is a 308 really enough for general big game hunting?What do you consider big game? Elk? What distance do you think you'll be shooting them at? There's a lot of dynamics involved and it's hard to say if .308 is enough. I would generally say yes, but some may disagree
If I get a $300 hundred dollar scope can I still hit a bowling ball off hand at 112 yards with my AR-15 clone?Yes, as long as you can shoot. I don't think the optic has much to do with it if you can do your part.
While the dollar tanks, should I continue to think about the situation or act?Everyone is will be thinking about the situation, you should join them and think about it.

[Mtn.man]

308 is plenty for elk and moose.
Hell 270 will bring them down.

[Fried Chicken Blowout]

I know people that believe .300 Win Mag is the minimum for Elk. I think they are a little weird and should most likely reconsider the ammo their are using if .308 was proven to not be "good enough"? Or don't take that shot at 500 yards that you can make...

[roberth]

Whats the best color for my next CC holster?
Is a 308 really enough for general big game hunting?
If I get a $300 hundred dollar scope can I still hit a bowling ball off hand at 112 yards with my AR-15 clone?
While the dollar tanks, should I continue to think about the situation or act?

Oh lookit...something shiny!

[Zundfolge]

While the dollar tanks, should I continue to think about the situation or act?

Think ... act ... it doesn't matter, its all too little too late.

Look folks, we're done, there is no solution to the coming financial problems (unless you have a time machine and can jump back to '63 and put LBJ in the back seat of that Lincoln at the last second ... among several hundred other adjustments across the 20th century).

I don't care if every member of congress were to magically turn into committed tea party members overnight or if we just appointed Dr. Thomas Sowell to king tomorrow things are just too far out of whack for anything other than a major correction to fix it.

Major correction will likely mean the end of capitalism in general (since we haven't really been using capitalism anyway ... we've lived under a growing system of quasi-fascism since WWI). It will mean the end of America as we know it, it will probably mean the end of liberty and the end of peace too. It may get bad enough that it will mean the end of life for billions.

We are good and truly fucked ... so if you don't mind I've given up enough nights sleep over this and I'm just going to worry about what caliber for deer hunting (even though I don't hunt), what color for a good CCW rig (I tend to prefer cordovan) and maybe what I'll have for dinner tonight (I'm thinking pasta).

There's nothing I (or anyone here) can do about the shit storm that's coming other than eat our CCW pieces.