posted on Feb, 10 2009 @ 11:03 AM
reply to post by earlywatcher
The only answer to the problem is based on the Biblical Year of Jubilee. Every fifty years all Debts were canceled. This was to keep from exactly what
we are beginning to see in parts of the world, destruction of the social order. People will simply refuse to be made into Debt Slaves. Although it
could be said that we have been in that condition for some time, we have hit a terminal phase in the Debt cycle and the charade is going to end.
22 Trillion leaves out mcr, mcd, ss. Our liabilities as a nation are closer to 70 Trillion! Baby boomers are retiring, option arms are reseting,
I personally don't buy into the 'We'll be paying for this forever' camp. Wishful thinking IMO. The intent is to inflate this debt away through
hyperinflation and let the chips fall where they may. Which in a nuclear world can have dire consequences. Not to mention that hyperinflation destroys
the business cycle. How can you run a business when the raw materials will cost more tomorrow than the profits you made today?
While I do believe there is a conspiracy to enslave the working population, I don't believe the gov't is capable of pulling it off (Katrina
anyone?). They will mismanage this thing into some kind of catastrophe where they lose control.
[edit on 10-2-2009 by HimWhoHathAnEar]