reply to post by AlienScience
Good lord your thinking is exceptionally dangerous to this nation and it's how we're on the verge of total and absolute collapse, across the board.
People blame the Fed...and I say that is part of it. The mindset you subscribe to is how politicians have justified the decisions taken to lead us
As I have explained before as..not educating people (that arrogance you show is staggering..it truly is), but sharing historical factual scenario? The
Soviet Union collapsed from economic self destruction of *DEBT*. On this thread, I have shown a number of other catastrophic outcomes from *DEBT* on
the level of nations.
High debt among nations NEVER...EVER...ends well. It has directly led to the fall of world powers in our own time and it's been the fall of powers
across time. This isn't "theory". This isn't "opinion". This is historic fact
. As much as some want to make the fact the ocean is wet or the
sky is blue a point of debate these days for pure amusement. Some things are, in the end, plain and simple FACT.
DEBT IS A BAD THING. This is FACT. Unless, and ONLY unless you are HOLDING the debt. Then, interest is yours and you become rich by it. The one PAYING
the interest (Over 200 billion this year...up to 600 billion annually by the end of this decade) is screwed. WE are PAYING the interest.
It blows me away how this isn't so self evident, it hurts. The U.S. by way of the International Monetary Fund, World Bank and others have been USING
this SAME system of debt to all but enslave smaller nations for over 50 years. It's been by way of Dams or Roads or Power projects they go into debt
to the IMF or directly to the U.S. for at rates and terms they can NEVER pay off.
This is how we've screwed half the world for over half a century.
Now I'm supposed to be told we should TAKE the screwing and ALSO believe that's NOT what it IS?! C'mon... You can't make a life of doing something, as
the U.S. has ...then turn around and say having it DONE to US isn't the same thing in reverse.
Deny Ignorance. Really. It's refreshing.
*** Correction. I hadn't shared this on this thread yet... (minor edit)
Worst examples of Hyperinflation in History
The debt ceiling doesn't PREVENT debt accumulation. Nothing in economic reality can stop that now with compound interest at work...but erasing it will
insure our self-destruction on the express train down.
edit on 5-10-2013 by Wrabbit2000 because: (no reason given)