Comments on: Big-Time Beggars https://barelyablog.com/big-time-beggars/ by ilana mercer Wed, 02 Apr 2025 19:29:09 +0000 hourly 1 By: Myron Pauli https://barelyablog.com/big-time-beggars/comment-page-1/#comment-5325 Sun, 15 Mar 2009 12:28:16 +0000 http://barelyablog.com/?p=6004#comment-5325 The likely trigger of the final economic tsunami will be the demographic time bomb of Socialist inSecurity and Medicare for the “elderly”. Even if we make it through the current Bush/Obama bailoutism for the next decade, the massive entitlement burden in 2020 added to the $20 trillion plus national debt is truly frightening.
That “crisis” will make 2009 look like a Sunday school picnic.

]]> By: Steve Hogan https://barelyablog.com/big-time-beggars/comment-page-1/#comment-5321 Sun, 15 Mar 2009 02:29:35 +0000 http://barelyablog.com/?p=6004#comment-5321 The writing is on the wall. Eventually our foreign creditors will wise up and stop buying US bonds. When that happens, the Fed will step in and create the money to monetize the debt (beyond what they’re already doing), resulting on a run on the dollar.

That’s when it’s really going to hit the fan. Hyperinflation will likely ensue, making stagflation in the Carter years look like a walk in the park.

Next up: price and capital controls, which will give us shortages, rationing, long lines for staple goods, black markets, and bartering.

We’ll see further infringements on civil liberties due to rioting and skyrocketing crime rates. They’ll use this as a pretext for gun confiscation and martial law.

When all else fails, our government will do what all governments do when they’ve ruined the economy: start a war to divert attention. I predict Iran will be the target.

Buy gold, store up on canned goods, and get yourself a gun and learn how to use it. You’ll need all of these things to ride out the looming storm.

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