Hope those printing presses are nitrogen cooled because they are going to be working on overtime.
This is going to have major implications. I hate being all doom and gloom I would much rather be happy and cheerful and telling lies with my
But, this is a last ditch effort. China must have cut us off in a back room phone call. It was just too much for them to handle.
It is clear to everybody in the world that our government has no idea what the hell it is doing and they are just grasping at straws.
It also doesn't help that our president is more concerned about NCAA Brackets and Campaigning and going on Jay Leno, when he should be at the Oval
Office reigning in his party and calling every single person with an alternate idea.
I don't know, I have a hard time believing that a complete and total collapse of the worlds economy was in the plans. I was thinking more along the
lines of systemic collapse one country at a time. Complete collapse all at the same time doesn't further anybody's agenda.
They can't exactly win war against 3+ billion people. Also if complete collapse happens nobody will ever trust the people in the government. People
are not just going to roll over and say save me. Some will no doubt but a majority of people are going to say shove it.
Im not too familiar with US debt/fed things,so let me no if my comparison is close
buying your own debt......using your visa card to payoff your mastercard bill ?
No it is more like Visa buying your debt that you owe to Visa. This acknowledges to the rest of the world you can't pay your debt but at the same
time you will still get charged interest. Therefor there is a still a huge debt to be paid to someone and now no one else will loan you money because
they know you can't pay it back.
So at this point you either get a higher paying job and/or you cut back on your expenses. I would expect the US Government to do neither of these
We are full steam a. for total collapse with the worst our greedy corrupt government with special interest has to offer at the helm.
It seems like more and more people are beginning to wake up to
the corruption and greed on Capitol Hill. But is it enough? The administration and Congress are trying to cover their butts, but I doubt if any REAL
change will come about as a result of everything that has come to light. As Beck said, they will just throw their scapegoats under the bus and
continue to find new and even more creative ways to screw the American taxpayer. We're in for one hell of a year!
As important as the dollar has been and is, thank God we have more than one currency. I think I will purchase some property in the States over the
next year and moth ball it until the markets recuperate. there is a positive to a negative
Talk about the ultimate reality show.
Obama's in the land of fruits and nuts talking about how nice it is to get outta the White House, how all everybody in Washington is talking about is
how it's the "Other" side's fault that we're in all these messes, but that "I'll take responsibility, the buck stops here!" (we'll ALL see
how true that statement is in a few days, I'm afraid). Next he's off to Burbank to plug his new book on Leno.
Meanwhile, Obama's "Golden Boy Geithner" is in the hot seat about what he did or didn't know/conceal/bury/ whatever regarding the AIG bonuses;
whether THAT was the reason it was shoved thru so quickly, to the point of people now calling for his resignation. But he's got his boy Obama in his
corner so he's safe for now... just long enough to monetize the nation's debt. Then it really won't matter anymore. What a coup!
Now up to the hill where a 3 ring circus, the likes of which noone has seen since PT Barnum is in full swing. They wont know what hit them.
Jeez. And it's not even sweeps week.
They'll have to cut back avatar. No real money will force them to do so. They will be forced to actually balance the budget 100%, no tricks and no
borrowing. Eradication of entitlements like Social Security, Medicare, are in the works if this happens. Drastic reductions in spending up to 50%
across the board.
That ultimately leads down even further reduction of tax receipts as entitlements are cut off, and thus begins the spiral of death.
If theres no money to pay out people that doesn't leave the government much to work with. I doubt that stores will take government IOU's in place
of FRN's, and printing gobs of money will not solve the problem as you're missing increased wage aspect to begin a hyperinflation scenario.
We're looking at a forced contraction of government of unprecedented levels (which in my humble opinion is a good thing -- if we can remain a
republic at the end of the day -- but that's doubtful).
All I can say is that Ben will more than likely get stuck, and end up with all the $6 trillion worth of treasuries. If that happens? Well...
I suggest that everyone write their congressperson.Explain to them you know exactly what has transpired with this monetized debt scheme.
They are at fault for all this BS.They sould have let AIG take bankruptcy.
No these idiots just throw our entire economy down the drain,just to cover their own *sses.
Who do you think will have to bear the burden when this country goes into recievership? When hyper-inflation causes the dollar to completly
collapse? When a full weeks pay won't buy a weeks worth of groceries?
Congress? The President? The Senate? Nope just us dummies that voted these fools into office in the first place.
Better start learning Chineese,they hold most of the debt.Hold on this is going to be a wheels up landing I'm afraid!!
I don't know why in the hell Obama is hanging out in California...staying as far away from Washington as possible to avoid looking like he has no
involvement...and then going out on Leno to play celebrity while the country is falling apart.
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