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Wall Street Legend Warns: A ‘Storm’ Is Coming

Mar. 1, 2013 6:15pm Becket Adams

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Noted hedge fund manager Stan Druckenmiller, 59, on Friday warned that the U.S. economy is headed for a “storm” that could prove to be far worse than the financial meltdown of 2008.

But first, if you’re not familiar with his name, here’s what you need to know: He’s one of the most respected and successful hedge fund managers in the past 30 years.

Obviously, you don’t achieve that type of success (or notoriety) on Wall Street by running your mouth. That being said, if Druckenmiller, a former partner of billionaire liberal philanthropist George Soros, is predicting serious economic trouble for the U.S., perhaps we should listen.

“I see a storm coming, maybe bigger than the storm we had in 2008, 2010. And really, the reason could happen without people looking as for a lot of similar reasons that we could get into,” he said during an interview with Bloomberg TV’s Stephanie Ruhle.

“But the basic story is, the demographic bubble I was looking at way back in ’94 that started in 2011, we are right at the first ramp-up of this thing that is about to hit,” he added.

His comments were made during a larger discussion on the dangers Social Security, Medicare Medicaid, and unfunded liabilities as high as $211 trillion, pose to future generations.

“I think people like me and others need to speak out. It’s about the future, not about the present where the problem is,” he said.

“While everybody is focusing on the here and now, there’s a much, much bigger storm that’s about to hit,” he added. “I am not against seniors. What I am against is current seniors stealing from future seniors.”

Watch the Bloomberg TV interview here.

However, if it’s any consolation, Druckenmiller isn’t totally without hope. Indeed, he actually thinks the U.S. has a chance of turning this ship around.

“With the proper education and with proper voices out there, we could have 40 million kids marching down to Washington,” he said.

–

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Comments (282)

BlackCrow
Posted on March 1, 2013 at 7:04pm
If the ten year t-bill returned to it’s historic level of paying 5-6% the interest on the 17 trillion dollar national debt would more than consume every dollar the federal government brings in tax receipts. In simple terms pay the debt service and TOTALLY shut down the federal government to include Social Security, Medicare, Food Stamps, defense everything or default on the debt. Now seeing as the federal government borrows more than 40 cents out of every dollar it spends this is known as the classical rock and a hard place.

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- Outlaw_Josey_Wales
  Posted on March 1, 2013 at 7:13pm
  At the end of fiscal year 2001
  National debt was $5.77 trillion
  Average interest 6.06 %
  interest paid $359 billion
  
  At the end of fiscal year 2012
  National was $16.06 trillion
  Average interest 2.48%
  interest paid $359 billion
  
  Notice from fiscal year 2001 to 2012
  the debt increased 258%
  average interest went down 57.4%
  Interest paid IS THE SAME $359 billion
  
  Today $16.432 trillion @ 6.06% interest = $995 billion annual interest payment.
  6.25% interest is the 30 year average
  1981 average interest was 12.3% “note some t-bills were @21.5% interest”
  $16.432 trillion @ 12.3% = $2.02 trillion annual interest payment
  
  We are going to be in big trouble when interest rates goes up.
  
  Report this comment
- Micmac
  Posted on March 1, 2013 at 7:28pm
  @ JOSIE
  
  That’s exactly why Bernanke keeps the interest rates low. And the only reason. He does it at your investments’ expense. They do not care about your ability to make a living from passive investments, and why seniors today are being totally raped by NoBama and his cronies.
  
  Report this comment
- civilwarcometh
  Posted on March 1, 2013 at 7:42pm
  I can’t believe this… http://www.fromthetrenchesworldreport.com/shock-307-billion-paid-to-africa-while-america-goes-over-cliff/36549/
  
  Report this comment
- civilwarcometh
  Posted on March 1, 2013 at 8:14pm
  WOW this crash is coming faster than i thought.. http://money.cnn.com/2013/03/01/news/economy/income-spending-saving/ Biggest decline in 20 years in the month of January…
  
  Report this comment
- dballred
  Posted on March 1, 2013 at 9:25pm
  I fully agree with Blackcrow. There’s a real danger of a true meltdown of the US Dollar if the trend over the last five years isn’t reversed. A few weeks ago, I tried to look on the internet for a graphical representation of interest paid on the national debt as a percent of Federal revenue. After all, that would be an indicator of how much our money is being piddled away that we can’t use. There was no such graph, so I created one for myself ( see http://i137.photobucket.com/albums/q213/dballred/Hyperinflation/Chart1.jpg ). If we look at just that number, things don’t look too bad. It was considerably worse in the late ’80s. However, there was another number I plotted along side it. It was the interest paid versus the debt–a rough indicator of the interest rate. What’s troubling is the trend of the relative sizes ( see http://i137.photobucket.com/albums/q213/dballred/Hyperinflation/Chart2.jpg ). This is the effect a given change in the interest rate will have on the interest paid. It acts exactly like the volume knob on a guitar amplifier. If you turn it up too high, it will go into feedback mode and hyperinflation will be a real possibility. You’re playing with fire if you keep allowing the ‘volume’ to go up.
  
  Report this comment
- AmericanFightingMan1
  Posted on March 1, 2013 at 9:39pm
  I have zero doubt that the financial collapse is a planned event. Obama and the rest of the elites will cause a collapse to create desperation so that government will be the savior, at the expense of liberty of course.
  
  My degrees are roughly the same as Obama, except that I have run a business and served in the military. He is a highly educated man. He knows, in no uncertain terms, what our nation’s fiscal policy will cause; financial ruin.
  
  The last place on earth where people have the last remnants of liberty is here in the U.S. They (the global elites) know we are armed and dangerous and are incrementally forcing us to capitulate. Like an elephant assailed by 20 lions, they don’t attack us directly, but rather with oblique attacks until we are too weak to act.
  
  My last redoubt is believing that God is on the side of the righteous. Relying on my fellow citizens to pull their heads out of their asses to save this republic just doesn’t seem to be working presently.
  
  Report this comment
- Bighonkey80
  Posted on March 1, 2013 at 11:00pm
  What a load of crap! Hey Stan, shut the hell up! How many times do we have to hear about how the economy is gonna have an apocolyptic melt down? Does anyone else realize that we hear this same crap every year? It’s like there is a club of fear mongers who just sit around and say, “Oh hey guy, its your turn to go drum up some fear, so write a book, do some TV interviews, show some charts, and boom you make an easy couple million dollars “Fearing Up” a bunch suckers for another year.”
  
  This is rediculous folks! There is no debt crisis!!!!! The Dollar is the world reserve currency; its the most recognized currency on planet earth and there is nothing even on the horizon that might change that. The Fed has total control over that dollar; i.e., the ability to print that dollar as much as they want. That said, if a person can print as much money as they want than how can they ever be in debt? Who are they in debt too, and don’t say China. If China, “Calls in the Loans” the Fed isn’t gonna freak out if they dont have the cash. They’ll just print it! Probably on paper supplied by China! No big deal! Same with Social Security, and Medicare, “Oh hey, we don’t have the cash to pay these entitlments, oh know, oh know! Hey, I’m Ben Bernanke, fire up the printers, its no big deal. But Wait! Lets make it a big deal to strike fear into the people, cause a scardy cat is easier to manipulate than those who keep a cool head.”
  
  Quit pandering to these wolves.
- 22AUTOMATIC
  Posted on March 1, 2013 at 11:59pm
  It does look bleek depending on what type of glasses you are viewing things through. There are three major, and I mean MAJOR, things that will be happening in the next 18 months that will shift in America’s favor. They are:
  
  1) Five new energy sources are about to be unleased. In the words of Prophet Kim Clement, “The Raven will no longer feed the Eagle.” In other words, a major shift in energy dominance. We will become energy independent almost over night. Then all of the Middle East dictators that rely on only their oil (because they have zero innovation) will be shaken up. The “E-Coli” fuel discovery is really amazing. “Out of the bitter will come something sweet.” Some to watch: PEIX, Power Energy Fuels Inc, B.I.G, Ecalene, Orbo, PNNL, CETH and others. Also, the final project Einstein was working on before he died is about to blow everyone’s little mind. Some exciting stuff!
  
  http://youtu.be/utu3JnrqgaI
  
  2) Disease cures: Cancer, Alzheimers and several other major diseases will finally come to an end. The cures are already discovered but, in typical fashion, big money Pharm. Companies and Marxist/Progressives (who want to reduce population – save “mother” earth) are trying to stop them from going to the masses. Good will prevail though. Again, America will prosper from this.
  
  3) The Iraqi Dinar is about to jump to $3.00+ a share. New Banking system is in place. We’re already paying China in dinars (bet you didn’t know that) –”
  
  Report this comment
- SendTheMeteors
  Posted on March 1, 2013 at 11:59pm
  This guy says, ” I am not against seniors. What I am against is current seniors stealing from future seniors.” Yeah, well, we’re all against stealing aren’t we? Stealing is bad.
  
  So, you’re seventy and living off of social security. So now you’re stealing? How did that happen?
  
  For those of you who have parents on social security, what do you think about this guy saying they are violating the Commandment, “Thou shalt not steal”? Are your parents going to the bad place for stealing?
  
  Your duty now is to explain to them the error of their way, tell them they don’t deserve the social security checks they are receiving, and that they should repent, give the money back and sin no more.
- daver18
  Posted on March 2, 2013 at 12:56am
  BIGHONKEY80 – Obviously you have no understanding of inflation and history. But then again, how could we expect someone who can’t even spell to understand such things?
  
  Report this comment
- sta
  Posted on March 2, 2013 at 7:45am
  There are a lot of brilliant people on this thread. For someone who is just a mom, I thank you all for the insight. Time to do some more stocking up!
  
  Report this comment
- brother_ed
  Posted on March 2, 2013 at 8:22am
  @22AUTO
  
  It’s refreshing to see your optimism…
  
  Hope for the best, but plan for the worst is sage advice.
  
  Report this comment
- GrayPanther
  Posted on March 2, 2013 at 8:38am
  Thank you Blackcrow. Yes, a return of inflation would put enough pressure on interest rates to make it happen. This Marxist in the White House and his progressive Democrats are sending us off the cliff and Republican leadership is too intimidated by the progressive press corps to react in our best interest.
  
  Report this comment
- skimmer57
  Posted on March 2, 2013 at 8:58am
  You all should do what Glenn is doing.Let’s open up a huge amusement park and start making $129.99 pairs of blue jeans! Will Beck’s forecast ed caliphate come first or this dudes end of the world as we know it be first? What a great scam. Frighten the sheeple and the weak minded and then profit from it!
- cdwhite75
  Posted on March 2, 2013 at 9:01am
  I don’t see how you can ever raise interest rates to that level again when so much money is locked into 30 year mortgages at around 4 percent. How would the banks absorb the loss? I suppose the fed could print money to make up the differance between a mortgage and a cd for example, but the amount of printed money needed would cause inflation at a level that would negate any benefit of the higher interest. I think we are stuck with these low rates, and as a result a stagnant economy. Or we fully crash the dollar. PLEASE correct me if I am wrong, as I am no economist, and I hope I am wrong.
  
  Report this comment
- Independent4233
  Posted on March 2, 2013 at 9:08am
  “I am not against seniors. What I am against is current seniors stealing from future seniors.”
  
  The original SS act was predicated on the principle that the SS fund would be in trust and used only for social security payments. It was supposed to be inviolate, yet it has been systematically looted so often to pay for social programs the only funds in the account are those that come in from existing payers into the system.
  
  To those who might say the “promise to pay” is added to the national debt, so, in effect, the money is still there, shown as a debt by the treasury. The only problem with that is when the demagogues and miscreants calculate the funds available for SS payments they count only what the existing work force can bring in in revenue, not the total debt owed to the fund.
  
  They then look into the camera and tell everybody….. with a straight face……that the fund will be defunct in 10 years, 20 years, etc., and they place the blame on people who have dilligently paid into the system as required, trying to create hatred against them for the measly few dollars their pitiful social program doles out to them.
  
  And get a load of how this POS describes the situation: “Current seniors stealing from future seniors.”
  
  Race warfare, class warfare, age warfare, et all. There’s nothing these a****les won’t stoop to in order to try to transform the situation into one they think will be more beneficial to them.
  
  Report this comment
- Independent4233
  Posted on March 2, 2013 at 9:59am
  Printing money to offset a high debt to GDP ratio has more intrinsic problems than just paying more on interest expense, and there are so many factors involved in determining the repercussions from trying to correct a high debt to GDP they usually consist of problems that are insurmountable.
  
  Simplistically, if the government tries to print its way out of debt with reckless abandon it can cause runaway inflation on the order of Zimbabwe. And, if it doesn’t stimulate the economy enough, then consumer spending slows down and recession sets in.
  
  The US is trying to walk a fine line between the two, and is enriching the investment class as the bullish stock market reveals by making cheap money available to them.
  
  If the US still had a strong manufacturing base, it could grow its way out of its huge debt problem, just as it did after WWII when the Debt to GDP was at around 100%. (It’s 103% and growing right now.) Stimulus spending helped a bit, but it would have been a hindrance, as it is now, instead of a help without a substantial increase in GDP.
  
  The huge debt we have right now is the basis for all our woes. The fed wants to spend our way out of the problem, because we can’t increase productivity to grow our way out, and it…very simply….won’t work.
  
  It only prolongs the inevitable. That’s why many people are advocating bankruptcy and starting over, which terrifies those like the above geek who would stand to lose millions.
  
  Report this comment
- YOURSENSEI
  Posted on March 2, 2013 at 10:24am
  This is what you must know:
  
  I’m willing to bet that 75% of the posters here on The Blaze get gubmint money – SSI. Medicare, disability, welfare, unemployment, pension. Actually, that number might be low.
  
  It is so.
- SocialistSlayer
  Posted on March 2, 2013 at 10:33am
  Really – 40 Million Kids marching on Washington ???? That is the funniest thing I’ve heard in a while !
  
  Maybe – Once you Pry the Cell Phones from their Cold Dead Hands !
  
  Report this comment
- Tom21773
  Posted on March 2, 2013 at 11:07am
  Go ahead and shut down social security and medicare and see what happens when you piss off a lot of old people who will feel like they have no way to survive anymore. Social security and medicare funds do not belong to the federal government; they belong to the people who were forced their entire working careers to pay into them. Those in the government who have been using those funds for other purposes should be in prison for embezzlement. I find it interesting that I rarely hear anything about shutting down the welfare system. Those people have never paid a dime for anything and are nothing but a drain on society and the economy. Furthermore, they are responsible for all of the economic woes we now suffer. This is an undeniable and indisputable fact. Let them starve because they will end up as collateral damage anyway when you start the social security war.
  
  Report this comment
- SavvyCowboy
  Posted on March 2, 2013 at 11:56am
  Druckenmiller worked for gorgeous george sore-@$$. That means he is a crook, a thief, a liar and a communist. Maybe his guilt is so great he has to speak the truth for once – as watered down as it is it is still the truth. This (Ovomit) designed financial meltdown is going to be catastrophic. The minions of “Low Information Voters” will scream for Ovomit to “save them” just like their fore-fathers did in 1932 Germany (for hitler). Ovomit will come to the rescue as “president for life” and we will fall into Civil War part II. Pull your heads out and pay attention!
  
  Report this comment
- tonypro
  Posted on March 2, 2013 at 2:43pm
  @SavvyCowboy
  “Druckenmiller worked for gorgeous george sore-@$$. That means he is a crook, a thief, a liar and a communist. ”
  
  …and has the same agenda as his b-u-tt buddy. All this is, is a way to help hurry the inevitable by fearmongering, and getting everyone to pull there funds from the market, and any investments, which will in turn drive down wall street, and expedite collapse. Not to mention will allow them to come in, and pick up stocks for a song while they’re on the bottom.
  
  Don’t trust this SO Called guru, is motives are not in helping anyone but himself.
  
  Report this comment
- KevINtampa
  Posted on March 2, 2013 at 3:56pm
  I never thought I’d see the day SendTheMeterMaids would take issue with a Soros lackey! I was beginning to the Meter was a Soros disciple.
  
  Congratulations @SendTheMeterMaids for finally seeing the light! HALLELUJAH!
  
  If Meter is starting to see through the Progressive scam maybe there is hope. Now we just gotta wake some more elephants up.
  
  Report this comment
- Bighonkey80
  Posted on March 2, 2013 at 6:11pm
  Davers18- Your absolutely right; I can’t spell. Your also right that I don’t fully understand inflamation, or historectomy, but that is beside the point. The point is, these guys constantly bring these warnings of destruction, and doom yet nothing happens. For years we have heard their warnings, “Oh, in the next six months, its gonna go.” Six months goes by and nothing happens, except for Biden making a tool of himself. It just never ends; their fear mongers, they don’t know the future, and all I’m saying is, shut the hell up with the fear mongering. Plus, if I’m wrong about the whole debt thing, please explain to me how a person who can print money can ever be in debt to anyone.
  
  Report this comment
- turkey13
  Posted on March 2, 2013 at 7:23pm
  It’s time to pick more death panels. All old people that are on SSI and over age 67 should be given a shot and put out of their misery. If they are wealthy and not on SSI and have privite insurence let them pay their way to better health. When the dollar fails people on SSI wobnn’t be able to buy anything anyways. The only things that you can barter with will be food, gold, silver, guns. ammo & garden seeds. If you have a truck load of money some sucker might take it bfor a loaf of stale bread.
  
  Report this comment
- Walkabout
  Posted on March 2, 2013 at 9:39pm
  SendTheMeteors
  
  So, you’re seventy and living off of social security. So now you’re stealing?
  
  ***
  When the amount that you get paid exceeds the amount you put in. If as a aggregate whole that is true it becomes a de facto ponzi scheme.
  
  This has been covered before many times in the past. It is an actuarial fact. I know you are not an actuary nor do you have good sense, but please try to keep up. :)
  
  Report this comment
- AmericanFightingMan1
  Posted on March 2, 2013 at 9:46pm
  What people fail to realize there is a bottom line. Tax revenues = approx. $2 Trillion a year. US gov’t spends approx. $3.4 Trillion a year on defense, SS, Medicare/caid, VA, running gov’t and interest on the debt.
  
  To make up the difference, the politicians are putting the deficit (ie., the amount we overspend every year) on our children’s credit card. This is immoral and IMHO criminal. It is a clear recipe for economic collapse. Just because it has not happened doesn’t mean there is no danger.
  
  I have concluded too many Americans are now to stupid, ignorant or cowardly to face the reality, and so it must collapse. Reason and intelligence are no longer useful in this battle for hearts and minds. So, those who are wise will prepare. Those who live in la-la land and think that things will just chug along and pay the price. You will be “street targets” due to your stupidity, ignorance and/or cowardice.
  
  The moron above who says we just print more money and we are ok has no clue, but is representative of the morons who populate this country now. Reality is a cold task-master. For those who make it to the other side, incorporate the lessons into the future’s legal and political systems if you can.
  
  Report this comment
- toto
  Posted on March 2, 2013 at 10:47pm
  What should be illegal and subject to prosecution is legislators saying one thing and executing laws that do something else. All should be held absolutely accountable for the intended and unintended consequences of the laws they pass. (Lawsuits should be allowed by citizens who have been harmed by the so called good intentions of legislators. They should be held personally liable for their votes. THEN they might actually read proposed law before voting on it. Why should MD’s be subject to malpractice, but not legislators, who ultimately, and harm or adversely affect our lives en mass? Requirements for the legislators: 1. They must read in it’s entirety, any law that they vote on and sign an affidavit that they have read and understand that which they are voting on. 2. They are subject to, without exception, any laws that they pass. No exemptions, no exceptions, no waivers. All law is required to be applied equally to all. 3. All laws coming to a vote must be posted in their entirety, on the internet for 10 days prior to a vote, and no amendments or alterations may occur without triggering a new 10 day posting period, without exception. All pork must be attributed to the person requesting it, beneficiaries identified, and political donations listed. This would be good for starters, I am sure we citizens can suggest more ways to reduce the abject corruption that is accepted as how business is done. Harry Reid and Pelosi need to exposed, as well as any others.
  
  Report this comment
- TMOverbeck
  Posted on March 3, 2013 at 9:04am
  “The Dollar is the world reserve currency; its the most recognized currency on planet earth and there is nothing even on the horizon that might change that.”
  
  You sure about that, BigHonkey? I hear China, Russia and India are buying up gold like there’s no tomorrow. I think they see the writing on the wall and are prepared for a dumping of the dollar.
  
  And what makes you think that all those printed dollars going to China won’t lead to hyperinflation? You don’t think China’s going to adjust their Amount Due to compensate for this?
  
  Report this comment
- WakingSheep
  Posted on March 3, 2013 at 11:56am
  @Bighonkey80
  
  Might want to read up on what would happen if China cashes in their huge dollar reserves as well.
  
  Is something worth more when there is more of it? Or is it worth more when it is more rare?
  
  Report this comment
- WakingSheep
  Posted on March 3, 2013 at 11:58am
  Great explanation of the deficit and debt:
  
  http://www.khanacademy.org/humanities/american-civics/v/deficit-and-debt-ceiling
  
  Report this comment
- TonyRUS
  Posted on March 3, 2013 at 12:36pm
  Yeah. I’m with Big Hokie. There’s absolutely no reason we can’t just print enough money for everyone to have one million dollars (pinky pointed to corner of mouth), and that would be that.
  
  Report this comment
- Shrugged
  Posted on March 3, 2013 at 5:05pm
  @meteors – I am always shocked when I comletely agree with you, but, you are right on this issue.This is the fault of Congress not the seniors who are living check to check. What the hell is this article really about? Who is it suppose to influence? Who is behind it?
  
  This is Bull sh|t
  
  Report this comment
- Bighonkey80
  Posted on March 3, 2013 at 6:54pm
  Alright everybody, I want to understand this debt thing. OK, I want a truck. I don’t have the money so I go to the bank and ask for a loan. They agree, and loan me twenty grand. Alright, so one day, I loose my job, and the ability to pay the note. What does the bank do? They call in the loan, put it out to the repo guys, the repo guys physically come to my house, and tow, what used to be, my truck away cause in the end the truck is the banks.
  
  So, we (The US) need money to pay for wars, and health care, and presidential golf outings. They get a loan from China via the selling of bonds. Now, China doesn’t like the way things are going in the US so they make the decision to cash in their bonds, say 500 billy worth. The problem is the US doesn’t have that kind of cash laying around, and say the Fed doesn’t want to print the cash to pay China.
  
  Now, what are China’s options? They gonna repo Texas? They gonna physically come to the US and repo a few B-2 bombers, and a couple Abrams Tanks? Seriously, what can China do to us to get their money back that won’t completely destroy their economy in the process? If you say, “Well China could just stop manufacturing all our goods.” Well that would also kill Chinas economy which their not going to do.
  
  If I’m wrong somebody explain it to me. Don’t call me stupid, or regurgitate talking points from various talk shows; explain, logically how China could do what all the fear mongers say it can do.
  
  Report this comment
- Independent4233
  Posted on March 3, 2013 at 8:28pm
  “Seriously, what can China do to us to get their money back that won’t completely destroy their economy in the process?”
  
  The problem created by reneging on China’s debt wouldn’t just involve China.
  
  China isn’t the only nation holding US debt. Japan holds about the same amount of debt as China, with the UK coming in third. Switzerland, Brazil, Taiwan, oil interest groups, Investment groups, Russia, Hong Kong, etc. altogether own trillions of dollars worth of US debt.
  
  And, two-thirds of the national debt is owed to the U.S. government, American investors and the Social Security Trust Fund and pension plans for civil service workers and military personnel. The US government owes the SS Trust Fund about 5 trillion dollars that has been looted to pay for other things over the years.
  
  Reneging on the debt to China would cripple their economy, but it wouldn’t destroy their country. But it would create much domestric upheaval via job loss, etc. The US dollar, however, would be devalued to the point of collapse and the other debtor nations would very likely halt all purchases of US stocks and bonds. The stock market would collapse.
  
  The chaos we witnessed in 2008 would be about 50 times worse if we defaulted. In my humble opinion the banking system would not only collapse in the US, but the entire Western banking system would do the same.
  
  Go to http://www.trendsresearch.com and see what Celente says on the subject.
  
  Report this comment
- AmericanFightingMan1
  Posted on March 3, 2013 at 9:13pm
  @BigHonkey, you only have part of the equation (as many of us do; it is a very complicated issue this fiscal mess). I think you miss the fact that the debt the U.S. has also incurs interest payments. And those interest payments are low (I believe about $300 million annually) due to historically low interest rates that are manipulated by the global elites (and Fed).
  
  Think about the chaos this $85 billion “sequestration” is causing. Raise the interest rate on the debt just a point and watch chaos ensue. We will likely have a deficit this year of $1.6 Trillion. That goes on the credit card. We’ll blow by $17 trillion in no time and will hit $20 Trillion by 2015. With a principal debt accelerating and any movement up of the interest rate, we will see pain first hand.
  
  You take into account none of this. You also utterly fail to realize that the biggest part of the baby boomer bulge is just now hitting. The strain on the system from this and any increase in the debt interest rate will break the bank. It is not a matter of whether we pay back China. We will not be able to pay simple obligations. At some point “mega-sequestrations” will pepper the political landscape and there will be a day when retirees will fail to receive money.
  
  When this happens, look for the “elites” to suddenly be on flights to somewhere else, cuz that is when TSHTFBT. You need to dial out your blinders a few degrees and see the landscape brother.
  
  Report this comment
- dballred
  Posted on March 3, 2013 at 9:28pm
  Atamanonainosensei said,
  
  “I’m willing to bet that 75% of the posters here on The Blaze get gubmint money – SSI. Medicare, disability, welfare, unemployment, pension. Actually, that number might be low.”
  
  While the logic of that statement defies itself, let’s take that at face value. The 75 percent who must be the Blaze followers, the rest being divided between principled liberals (a small number) and trolls (most of the rest), are concerned enough about instability due to reckless spending to forego their own short-term interests for the greater good. They, after all, are part of the 47 percent who, as Mitt Romney lamented, were going to–and did–vote overwhelmingly for Baraq “Santa Claus” Obama.
  
  Report this comment
- Bighonkey80
  Posted on March 3, 2013 at 10:46pm
  Well that settles it, soon we will owe twenty trillion dollars: $20,000,000,000,000 or 2 x 10 to the 13th freakn power!!!!!!!!!!!!!!!! Think about that. Is it possible for a problem to get so huge that its not even a problem anymore? It’s like when a problem get so big, you just chalk it up and say, “Well that’s a failure, now lets focus on the aftermath; the re-start, the new deal.” This is what I’m talking about. All those country’s you listed off know we can’t pay that crap back, they have to know. And your right, I don’t have all the parts of the equation but I can tell you those parts of the equation don’t involve paying that money back. I would speculate it involves some back room dealings between power elites from around the world wherein they work deals for what their gonna get in the brave new world, or new world order if you want to call it that.
  
  So, this is what I think, the US is not going to pay that debt back, its just not going to happen. World war is likely going to start, and in the chaos, fear, and confusion, debts will be forgiven between country’s, or someone will beat another thus making the debt void via military victory. When it’s all said and done, a completely new system will arise out of the chaos. But all this debt limit crap, and fiscal cliff crap, its all just a smoke screen. These deusche bags in DC are no more worried about the debt than Obama is about not having enough time to play golf next week.
  
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- Bighonkey80
  Posted on March 3, 2013 at 10:53pm
  I take that last bit back, Obama probably is worried about having enough time to play golf next week. He might get to busy playing grab ass with the republican and democrat senators and congressman who make six figure incomes doing NOTHING!!!!!!!!!
  
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- thebronze
  Posted on March 3, 2013 at 11:19pm
  BIGHONKEY80 is a big idiot.
  
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- dballred
  Posted on March 4, 2013 at 1:01am
  Americanfightingman1, are you and Maxine Waters related?
  
  “@BigHonkey, you only have part of the equation (as many of us do; it is a very complicated issue this fiscal mess). I think you miss the fact that the debt the U.S. has also incurs interest payments. And those interest payments are low (I believe about $300 million annually) due to historically low interest rates that are manipulated by the global elites (and Fed).”
  
  The interest expense the Federal Government incurred, as of September 30, 2011, reference http://www.Presidentialdebt.org, was $454,393,280,417 That’s 454 BILLION dollars–a bit more than the 300 MILLION you mentioned (by about 100,000 percent). Yes, the interest rates are low–and yes, they are being held artificially low by manipulators–especially the Fed. Sooner or later, the market forces will overcome the fantasy that keeps fed chairmen in their positions.
  
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- Independent4233
  Posted on March 4, 2013 at 10:05am
  “So, this is what I think, the US is not going to pay that debt back, its just not going to happen.”
  
  Well, that’s what many expert analysts are saying, but it’s not because the country couldn’t grow its way out of it with a solid manfacturing base, it’s because the politicos would never opt to do that. There’s too many leftists like the community organizer who think a grand government/private sector economy (actually it’s facism) can spend its way out of the present dilemma, but all they’re going to accomplish is to screw things up so badly we’ll be forced into default, but even before that there will be riots and civil war as severe austerity measures are attempted during which the present secessionist movements will gain great strength.
  
  And it’s very probable the US will be so weakened economically and divided so greatly socially suing for the right to secede will be successful, and the country will very likely be split up into various enclaves. When and if that occurs, no debts will be assumed by these sovereign entities, very much like what China did when Mao came to power which is fail to recognize China’s existing debts at the time, because they were incurred by a government that had no connection to the new communist one.
  
  The problem today would have never occurred if the people had been able to vote on issues via referendum.
  
  Right now we have a system of taxation without representation.
  
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- AmericanFightingMan1
  Posted on March 4, 2013 at 2:15pm
  @DBALLRED, no, no Maxine Waters wannabe here. My mistake. Meant to make that BILLION instead of million. And off the top of my head I thought it was around $300 Billion (my apologies for the error again). $454 Billion sounds about right. In the ballpark.
  
  My point is really that if the interest rates go up even a little bit, game over. I have looked the fed gov’t numbers enough to know that if you add interest on the debt ($450 Billion) to non-discretionary funding (Medicare, SS, etc.), that consumes every tax dollar collected. This is before one dollar is spent on defense.
  
  Looked at another way, all the money we spend on discretionary spending (defense, running the government, like courts, FBI, etc.) is BORROWED. We are living in the midst of a ponzi scheme and have been since FDR was in office. Probably even before that time, but what the hell.
  
  I think you go back to the Civil War frankly. South (agrarian, Jeffersonian) divorces, the North (Bankers/Industrialists/Globalists) forces the marriage and in the process kills off 600,000 of our most robust young men. The North consumes the South, and the banker cabal has had no opposition since. The link between Booth and Seward (Sec of State) is interesting. O’Reilly’s “Killing Lincoln” gives a little flavor of the potential for more than Booth.
  
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- dballred
  Posted on March 4, 2013 at 11:06pm
  Americanfightingman1,
  
  Numerical misstatement accepted. Additionally, you and I are 100 percent in agreement about the situation:
  
  “My point is really that if the interest rates go up even a little bit, game over. I have looked the fed gov’t numbers enough to know that if you add interest on the debt ($450 Billion) to non-discretionary funding (Medicare, SS, etc.), that consumes every tax dollar collected. This is before one dollar is spent on defense.”
  
  Absolutely true. Even a slight upward variation in the interest rate is going to eat up so much of our budget that our only recourse is to print money. When that happens (and I think it might be within a few years), the game is over. The dollar will be worthless, coins–even the floated notion of an Obama Trillion Dollar coin–will be more valuable for the metal. The Hundred Trillion Dollar Zimbabwean bill issued in 2009 wouldn’t pay for a taxi ride. The current aggregate interest rate, according to easily-calculated rough figures which take the interest paid by the end of the Fiscal Year on the debt divided by the national debt at the end of a calendar year, is a little over 3 percent. Right now, all else held constant, a one percent jump in interest rates will result in over a six percent jump in interest paid. Time to be afraid–very afraid.
  
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- moreoilplease
  Posted on March 5, 2013 at 12:51am
  Yep, and there is only about ten of us that understand this train is on a side spur that ends in a deep canyon. You can ring your hands, raise taxes, pretend all is well, sell California, glad hand your neighbors, it won’t stop this train. It will end in an inflationary event most likely. They think this will be the easiest to control. Then we will have a new style of government. And that’s the bright side. Don’t even want to think about what could happen. Lots of death and destruction. It will probably be a world wide event. Geez, I need to stop.
  
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welovetheUSA
Posted on March 1, 2013 at 7:03pm
We know………and The US Protection Bureau and The Office for Older Americans are trying to figure out ways to take Americans IRA’s and 401ks….all 15 trillion dollars the government wants from its cotizens………..they think since your retired you cannot possibily manage your own retirement funds.

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JackSaturday
Posted on March 1, 2013 at 7:03pm
I’m sorry, but I just really have a hard time listening to Obama donors preach about looming crises.

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- drs1969
  Posted on March 1, 2013 at 7:11pm
  They installed him. They expect their money’s worth!
  
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- motherboard
  Posted on March 1, 2013 at 7:27pm
  I hear ya, but the truth is, all of this coming our way is just a no bainer really at this point.
  
  Don’t forget, not only do you have this situation he is talking about, but you have the coming college debt bubble, just to name one other….Then there is the health care bubble…yea, there is another…That show “The Walking Dead” has become a usful, How to survive, sort of show at this point…
  
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- Wolfgang the Gray
  Posted on March 1, 2013 at 8:11pm
  I don’t doubt the big storm is coming from all the unfunded liabilities (not counting Comrade Obama’s maniacal spending spree that he wants), but it does turn on the red lights in my head to be listening to a former partner of Spooky Dude!
  
  I don’t care how right he might be, I would not want to take Heinrich Himmler’s word as gospel.
  
  Report this comment
- Hammerdown
  Posted on March 2, 2013 at 8:56am
  What does this sentence mean, “And really, the reason could happen without people looking as for a lot of similar reasons that we could get into”?
  
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- SavvyCowboy
  Posted on March 2, 2013 at 11:52am
  I agree 100% – anyone who voted for Ovomit deserves to lose their @$$ and lay on a NYC side street dying of starvation and/or stab wounds. Pray for the best but PLAN for the worst. If you haven’t started planning and preparring, you’ve got only a few months before it’s too late.
  
  Be vigilant, be wise, be prepared.
  
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Micmac
Posted on March 1, 2013 at 7:00pm
There are so many issues, each with manifold layers, that to address his thoughts would be a dissertation. To cut to the chase, he’s Soros’ buddy. What he said is old news, so look at why he says it now. And he’s Wall Street, not Main Street.

Nests inside nests.

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- LaissezFaire81
  Posted on March 1, 2013 at 7:59pm
  First of all, he isn’t Soros’ buddy any more than Jim Rogers or Victor Niederhoffer are his buddies. Secondly, Druckenmiller is one of really good guys out there. Not too mention, he isn’t a hack like 99.9% of people commenting on financial issues.
  
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Beachmastermax
Posted on March 1, 2013 at 6:54pm
Ya think so!!!!!! Can you say, bounties for grey scalps?

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Eastinfection
Posted on March 1, 2013 at 6:53pm
“What I am against is current seniors stealing from future seniors.”

go peddle your BS elsewhere.

The whole Utopian Marxist concept of one generation providing for it’s predecessors is being propagated by the government.
THEY are the thieves.

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sparkyrules
Posted on March 1, 2013 at 6:52pm
Damn,does this mean I’m not going to get my monthly ‘allotment’ from Obama’s ‘stash’,and the Washington DC Politburo?
I can imagine the wailing and knashing of teeth already…

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sckimbershot
Posted on March 1, 2013 at 6:49pm
ditto stay armed. guns and bullets = the new currency.

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- Outlaw_Josey_Wales
  Posted on March 1, 2013 at 7:00pm
  I’m going to use some of ‘the new currency’ for payback.
  
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- Recceman90
  Posted on March 1, 2013 at 10:49pm
  Yep, even gold will worthless.
  
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cloudsofwar
Posted on March 1, 2013 at 6:48pm
as michael savage says in his new book title…… a Time for WAR. GOD help us but it is coming.

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- Karl_Marcks
  Posted on March 3, 2013 at 12:32am
  Who would you war against? I’m not interested in some mindless rant, be specific on who you feel you need to war against and how you would go about picking these people out in public.
  
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- mikec711
  Posted on March 3, 2013 at 10:35am
  Karl, very good question … bottom line, those who do prepare and are not dependent on the gov’t will not have to pick out who to go to war against. The war will come to them. Right now, continuing to print money and borrow is like giving higher doses of morphine to a cancer patient. The cancer is getting worse, but shutting off the morphine will cause great pain, and those who suffer it will lash out. We need to go from 900 international military installations to 90. We need to bring the troops home. Troops ready to defend this country (at domestic bases) are cheaper and happier. We need real entitlement reform (for those who paid into SS … I do not view it as an entitlement … but SS pays LOTS of money to people under 30 and lots of money to folks who never paid in … that is entitlement. I’m not going out looking for anyone to “make war” with … but I am preparing for the gravy train crashes and it’s long-time recipients (in city projects and corporate board rooms) get cut off. I’m not looking for a battle … but I’m preparing for one to come my way.
  
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HOOT_OWL
Posted on March 1, 2013 at 6:47pm
The final showdown between my Lord and his adversary , is about to played out ,right here on earth. I’m well aware of ‘what’s coming’ .I cant say the same for many others.
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- momrules
  Posted on March 1, 2013 at 6:54pm
  I am very aware too Hoot_Owl. It’s happening before our very eyes.
  
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- jackbauer
  Posted on March 1, 2013 at 7:15pm
  I’m certain it is well underway.
  
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- Magyar
  Posted on March 1, 2013 at 7:50pm
  I’ve been watching all of the pieces of the “puzzle” manifest, grow and come together. I believe we’re the generation that will see HIS return…. Comforting, isn’t it!?
  
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- FEMALL
  Posted on March 1, 2013 at 8:22pm
  @MOMRULES: Indeed.
  
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- nightmare must end
  Posted on March 1, 2013 at 8:44pm
  not quite yet. The enemies of Israel have not made their move .
  
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- DeeCee
  Posted on March 1, 2013 at 9:13pm
  @HOOT_OWL
  Yep! …won’t be long now.
  
  @NIGHTMARE
  …a single push of a button and there we are.
  
  Report this comment
- crackerone
  Posted on March 2, 2013 at 8:05am
  @ Nightmare must end
  
  “The enemies of Israel have not made their move” . Roger that Nightmare. In my humble opinion they will continue poking and prodding till the SHTF here. And what a friend they’ll have in B O. If only the damn Jews would give up a little piece of their country, if only the Jews would stop retaliating against the poor Palestians, if only they gave back what they stole. Yep, it won’t be Obama’s fault the world is going to ****, it will be the fault of the damn Jews. If only, if only………
  
  What Obama is doing against the republican’s is a warm up act. Blame, blame, blame, and when it hits, well you know the rest. In order for the great deceiver to come, it will have taken a long, crafted out, line of deceit.
  
  Stay safe Nightmare, and keep your loved ones close.
  
  Report this comment
- copatriots
  Posted on March 2, 2013 at 10:26am
  Hi MOM, long time! Hope all is well with you and yours!
  
  As to this thread, be wary in letting the Evil One convince you all is lined up for God’s timing. I agree that much “appears” to be in accordance with His plan but it could yet prove to be a ruse and not yet God’s day and time.
  
  As to Israel, world leaders are surely setting the stage on that front. Kerry and Hagel are the newest agents.
  
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- momrules
  Posted on March 2, 2013 at 11:34am
  Hi Copatriots. ……….I’m glad I dropped back in to this story as it’s good to hear from you again.
  
  I am very careful to not put words in God’s mouth about the end times but He did give us signs to watch for. The biggest sign was Israel being reborn. As I look at world events, not just America, I see us winding down.
  I tend to watch, listen and read. I have absolute faith in God and His word so I will just continue to watch as it all plays out.
  
  I hope all is well with you and yours.
  
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- Totally Domestic
  Posted on March 2, 2013 at 10:32pm
  The Bible says that ALL nations will come against Israel. I couldn’t believe that America would ever go against Israel. But it IS.
  
  Mt. 5:18 For verily I say unto you, Till heaven and earth pass, one jot or one tittle shall in no wise pass from the law, till all be fulfilled.
  
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wilbstal
Posted on March 1, 2013 at 6:45pm
stay armed

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- RIDEMODELS
  Posted on March 1, 2013 at 7:00pm
  If the kids want a Red China Gov…..Then that is what they will get…..they will be the ones to explain to God why they destroyed this nation……The Tax paid teachers are not doing a good enough job here.
  
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progressiveslayer
Posted on March 1, 2013 at 6:45pm
BHO took the misery index to new heights,the arrogant POS won’t be happy until we’re all eating out of garbage cans.

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- cloudsofwar
  Posted on March 1, 2013 at 6:50pm
  yeah just like in Kenya.
  
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media-bias-steals-elections
Posted on March 1, 2013 at 6:39pm
If the market thrives on confidence, you know he is not going to loose any money? You don’t change the consumer price index measurement method, which is how some, not all, investments are maintained? Ask this guy, that’s what he gets paid to do?

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NHwinter
Posted on March 1, 2013 at 6:35pm
I think we all knew it was coming. We have been informed about Obama’s plan to bring down America. He is succeeding as scheduled. Too bad we don’t have a Congress that will stop it. But with Reid and Pelosi cooperating with Obama, he seems to be unstoppable.

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- cloudsofwar
  Posted on March 1, 2013 at 6:43pm
  and if the house falls to the dems in 2014 you can expect………. say goodnight.
  
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hi
Posted on March 1, 2013 at 6:34pm
Iv’e been ready for the storm but am starting to think I am a lunatic since nothing “seems” out of the ordinary.

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- Eastinfection
  Posted on March 1, 2013 at 6:50pm
  Hang in there Hi…
  
  i keep brushing my teeth everyday even though i don’t see any cavities ;D
  
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- PoliticallyRightUs.Com
  Posted on March 1, 2013 at 7:04pm
  The calm before the storm …
  
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- Fubared
  Posted on March 1, 2013 at 7:07pm
  HI, that seems to be part and parcel of the plans. So much is commonplace now.
  
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- YOURSENSEI
  Posted on March 2, 2013 at 10:22am
  This is what you must know:
  
  What’s really sad is how much you all want economic calamity to happen. Why? Because you have so little and you want “the haves” to suffer too. Because it will make Obama look bad. Because you’re sociopaths who just want to watch it all burn.
  
  Maybe if conservatvies focused on helping the recovery instead of feeding its demise, we’d all be a lot better off.
  
  It is so.
- GetRight
  Posted on March 2, 2013 at 11:54am
  I know what you mean HI and EASTINFECTION, good one; exactly!
  
  SENSEI, I’m confused by your posts. We want this calamity? And 75% on government assistance? Not helping the recovery? Are you sure you are on the right website? The people posting here are the kind of people propping up this country. The only reason destruction hasn’t come yet. The people here are hardworking, tax paying, responsible, God fearing people. Your judgement should be on the drains on our society: welfare recipients, the irresponsible, the low information voters, and this Marxist administration and the RINOS!
  
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- Fubared
  Posted on March 2, 2013 at 1:03pm
  WangDang sensless, um, before we take apart your lacking haiku, when do we get to see the brilliant side of your dear leader? You lauded him as the second coming, and we now have racist math. You hired a pos community agitator and expected what again? When does the smart stuff actually start? Cash for clunkers? 1000 rounds of golf? ACA? Union orgies? Troops in most African countries? When does the smart stuff start?
  Most see no common ground, and you illustrate that daily. Perhaps a “reset” is the only fix, and I for one am afraid(hysterical) of that because the libs/progs/commies have you, the HERO of FALLUJAH2 on their side. Hahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha.
  
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cloudsofwar
Posted on March 1, 2013 at 6:33pm
i do think we are heading for very hard times but i don’t need a former partner of soros to tell me. to me soros is the enemy of all americans. he is a socialist. and a partner of soros even a former partner is not worth listening too.

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ThePostman
Posted on March 1, 2013 at 6:30pm
There is no hope. The rubicon has been passed.

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- willbedone
  Posted on March 2, 2013 at 9:27am
  Yes the Rubicon has been passed. BUT after THIS storm there will be a better world tomorrow. NO HOPE? It depends on what you hang your hope on!
  
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Strasser
Posted on March 1, 2013 at 6:29pm
I can’t help but believe a collapse and chaos are the only thing that will shake the sleeping awake and knock the economic traitors and saboteurs off their thrones. The question is whether we can survive the collapse and come out still a free nation.

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- skippy6
  Posted on March 1, 2013 at 6:39pm
  As long as Americans follow the constitution, Mainly the bill of rights, I think We will survive… Pray and Do not register your guns. And We will win…..
  
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- cloudsofwar
  Posted on March 1, 2013 at 6:41pm
  the trouble is the king of the traitors is on the throne in the white house and he controls the army. and the army will follow his orders. if your awake you see him setting the table with his appointees. one hope we have left and it’s a small one is that we keep the house in republican hands in 2014. it’s a lousey hand that has been dealt but for now it’s the best we have.
  
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- Strasser
  Posted on March 1, 2013 at 7:11pm
  I honestly don’t think the army will follow any orders beyond maintaining the peace and distributing supplies, especially if the government is bankrupt and has no way to fund anything. I think the King Mafioso knows it too, which is why he’s been trying to ramp up DHS. What may well happen is that things may seem relatively peaceful out on the streets, but behind closed doors and a shut-down Internet, the government will suspend the constitution and quietly seal their grip on power once and for all.
  
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DougHuffman
Posted on March 1, 2013 at 6:28pm
Based on the principles taught by Nassim Nicholas Taleb, I agree that a risk bubble is inflating.

https://en.wikipedia.org/wiki/Nassim_Nicholas_Taleb

http://www.amazon.com/Nassim-Nicholas-Taleb/e/B000APVZ7W

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- drs1969
  Posted on March 1, 2013 at 7:06pm
  I found a chart, today, that’s showing stock market margins are now nearly as high as 2008 and higher than 2000. The bubble’s here, alright.
  
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- crackerone
  Posted on March 1, 2013 at 10:02pm
  @DRS
  
  Look at a DJIA chart. Goggle “bigcharts” and look at the dow, all data. One of the worst chart patterns you will ever see is a double top and we are within points of that record high. If we retreat here, from these highs, and then decline and break the uptrend that started in 2008/2009 it is lights out.
  
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MiCurmudgeon
Posted on March 1, 2013 at 6:28pm
Get Obama to open his mind instead of his mouth.

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- CatB
  Posted on March 1, 2013 at 6:44pm
  God .. I don’t think you will find anything if you “open his mind” .. who else could go around DAY AFTER DAY .. year after year saying the same DUMB scare tactics .. without being totally brain DEAD .. I can’t STAND to listen to this cr*p of his any longer … let it collapse .. and perhaps sanity will retake the nation.
  
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- cloudsofwar
  Posted on March 1, 2013 at 6:53pm
  LOL, he already has his mind open and only crap spills forth.
  
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- JGR1027
  Posted on March 2, 2013 at 8:53am
  As I read through the comments today , I noticed their are a few people that want Obama to open his mind and close his mouth, maybe some people think that Obama is just as dumb as he is acting but please do not buy into that. Obama is doing this on purpose and following a script line by line. And the sad thing is that up until this sequestration deal the republicans where helping him follow every line. They have talked a lot about what is the answer and what needs to be done but have not done anything that would help the situation. They could stop a lot of what Obama has done up to this point . but have not. Every penny that is labeled as new spending has to start in the house and up until this week they have in some ways helped Obama. But back to what I was saying Obama is as cold and calculating as his actions. Do not be fooled that he is playing dumb or is doing this because he thinks that it will help us. He is out to destroy what America is all about. I believe this in my bones
  
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- jettson
  Posted on March 2, 2013 at 8:56am
  How stupid is that. Who cares whats in his head. Its what should be around his neck that I want to see.
  
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- copatriots
  Posted on March 2, 2013 at 10:12am
  Well said, JGR. The community organizer knows exactly what he is doing. I sometimes wonder if he and his evil handlers marvel at how easy it has been to systematically destroy this country. Their agenda is to spread America’s wealth around the world. Things are progressing according to plan.
  
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- darkknight91
  Posted on March 2, 2013 at 11:43am
  It should come as no surprise as to how easy it’s been. They’ve had control of the education system for decades. It’s finally paying off.
  
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cloudsofwar
Posted on March 1, 2013 at 6:28pm
current seniors stealing from future seniors???? on bloomburg tv. former soros partner. i don’t know about this guy something stinks.

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- Outlaw_Josey_Wales
  Posted on March 1, 2013 at 6:43pm
  Jim Rogers is another former partner of George Soros. Rogers is doing the same thing, big crash in the U.S. economy is coming, going to happen this year.
  
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- Fubared
  Posted on March 1, 2013 at 7:00pm
  Lots of peeps pointing in that direction. Where is OWS? Holiday again?
  http://www.zerohedge.com/contributed/2013-03-01/change-tone-amongst-central-bank-language-forewarns-end-good-times
  
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- cloudsofwar
  Posted on March 1, 2013 at 7:01pm
  a big crash in the US and they can’t wait until it happens. former partners of soros. while we the little people have to survive. how much more money will they make? hell we are luckly to make 1% on our investments in the banks. unless you are willing to risk it all in their stock markets. something is going to give and it will be hell for us but not for them.
  
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- Fubared
  Posted on March 1, 2013 at 7:38pm
  It’s going to be hell on everybody if the EBT/welfare cards ever read 0.
  
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momrules
Posted on March 1, 2013 at 6:26pm
Why not go after the real takers instead of the old folks? The real takers, the generational welfare whores, make more money sitting on their butts while working the system than than the seniors drawing SS.

What should we seniors who actually worked and were forced to contribute to SS do…………just die maybe? I really think that is the plan.

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- civilwarcometh
  Posted on March 1, 2013 at 6:34pm
  MOMRULES: I think you are correct.. http://weaselzippers.us/2013/03/01/obama-admin-releases-700-pages-of-new-health-care-regulations/
  
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- progressiveslayer
  Posted on March 1, 2013 at 6:39pm
  Sadly that is their plan because the people in this regime are the embodiment of evil. They believe when you reach a certain age you should just die and not be in their words ‘a burden to society’. The hideously named affordable health care act will bring us down faster than anything else and the regime knows this,that’s why they pushed so hard to get it. If the history books are to be written truthfully Barrack Hussein Obama (common Christian name) will go down in history as the man who destroyed America,melodramatic? We’ll see.
  
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- momrules
  Posted on March 1, 2013 at 6:40pm
  Thanks CIVIL. Since you started posting links to this site I have tried and tried to go to it myself and for some reason I cannot. Keep posting your links, I always look for them.
  
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- Rayblue
  Posted on March 1, 2013 at 6:59pm
  Yes. I’ve heard it talked about more than a few times. The middle aged of this generation have been conditioned to disdain the old. Old ideas. Old cars. Old memories of the true nature of freedom. WWII vets dying out. The depression. Survivors of Nazi propaganda techniques. They repeat ad infinitum to their progeny the reason for their steady lowering of expectations is the result of the old stealing from them. But they themselves will be in our place sooner than they realize. And then the proverbial shoe will be on the proverbial other foot.
  
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- theBru
  Posted on March 1, 2013 at 6:59pm
  Well Mom, I would have thought you knew that…Since you paid in and they stole it, you are not supposed to collect it…I really think Bush was just teasing us with his grand plan of letting us have our money back to invest…just remember, the sooner you die, the better off the country will be, so do your patriotic duty…
  Sorry Mom, just the facts of life, oops, in this case, Death…In the end, we will all be good Patriots and die sooner, rather than later, if our leaders have their way…And that is why God made AR-15′s and 100 rd mags!!!
  
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- drs1969
  Posted on March 1, 2013 at 7:10pm
  The goal of death panels.
  
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- jackbauer
  Posted on March 1, 2013 at 7:13pm
  Those of us in our early fifties have paid in too. Is it okay for us to paid and not get any benefit? Based on what I read, if things don’t drastically change we are going to get zip. T
  
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- civilwarcometh
  Posted on March 1, 2013 at 7:28pm
  MOMRULES: Try using a different search engine. I use Google Chrome. http://weaselzippers.us/
  
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icedmocha
Posted on March 1, 2013 at 6:25pm
Druckenmiller: “With the proper education and with proper voices out there, we could have 40 million kids marching down to Washington”

What the H3LL is he talking about? 40 million kids?

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Walkabout
Posted on March 1, 2013 at 6:25pm
40 million kids versus the gerotocracy which is a faction of the Democrat Party?

That will not go well.

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newsman76
Posted on March 1, 2013 at 6:20pm
Yeah…..maybe this has something to do with it…..

16 Signs That The Middle Class Is Running Out Of Money

http://govtslaves.info/16-signs-that-the-middle-class-is-running-out-of-money/

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- Fubared
  Posted on March 1, 2013 at 7:02pm
  WallyWorld and Crack Donalds are huge indicators too. Both are hurting.
  
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- dnewton
  Posted on March 2, 2013 at 1:19am
  Another indicator is the decline in vehicle miles traveled. The data is not current but you can see that there is about one vehicle mile spent for every $3.44 of real GDP. GDP is reported as slightly increasing but it is not even flat because it takes about two years to get a figure that is corrected for inflation. The high price of gas is hurting local governments even if their gas taxes are connected to sales taxes as in Georgia and Florida.
  
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