Greenspan: U.S. May Soon Reach Borrowing Limit

From my personal blog Fascist Soup:

"The United States, and most of the rest of the developed world, is in need of a tectonic shift in fiscal policy. Incremental change will not be adequate.”

-Alan Greenspan, criminal head of the US Federal Reserve private banking cartel from 1984 to 2006

Thanks for the heads up douchebag.

Of course, you saw fit to do nothing to prevent this coming catastrophe during your reign of terror, nor did you foresee the collapsing markets, and then you told the government to hand all of our loot over to the private banks to save us from economic doom, which is now certain to happen anyways.

Good job.

You should get 10 gold stars.

Bloomberg reports:

Former Federal Reserve Chairman Alan Greenspan said the U.S. may soon face higher borrowing costs on its swelling debt and called for a “tectonic shift” in fiscal policy to contain borrowing.

“Perceptions of a large U.S. borrowing capacity are misleading,” and current long-term bond yields are masking America’s debt challenge, Greenspan wrote in an opinion piece posted on the Wall Street Journal’s website. “Long-term rate increases can emerge with unexpected suddenness,” such as the 4 percentage point surge over four months in 1979-80, he said.
...
“The federal government is currently saddled with commitments for the next three decades that it will be unable to meet in real terms,” Greenspan said. The “very severity of the pending crisis and growing analogies to Greece set the stage for a serious response.”

For those of you who still don't get it - we are screwed.

We are bankrupt.

We are broke.

Finished, fineto, done, game over, toast, good bye c u later.

If you sum the total outstanding debt, including unfunded liabilities, each American household RIGHT NOW owes over 1 million dollars.

We are in the age of the negative millionaire.

So keep on calling for more government you criminals, we might as well finish off the job right and devolve into the Marxist utopia of starvation and blight you so desire. It will be good for us as a nation to live through the tyranny the former Soviet Union endured. It may prevent such a catastrophe in the future.







[edit on 18-6-2010 by mnemeth1]

S&F

We are indeed on the way out. The creature from Jekyll Island has already doomed Western civilization. It's no wonder there is such a general sense of impending doom around here, why predictions of the Great Tribulation and such seem to be on the rise. People can see our future intuitively, even if they don't understand it. They know we have no future.

SHTF soon, the "needs" and "pressures" will spiral out of control, and we will before we even realize it be thrust into the most horrific period of tyranny, oppression, and genocide the world has ever known.

Those of us who survive after the dust settles, will have to rebuild.

reply to post by NewlyAwakened


The saddest part of the story is that we don't HAVE to play by their rules, but we will; and they will determine we have 'lost' the battle and try to start their game over with them making the rules once again.

While improbable and painful, a global rejection of the monetary monopoly WOULD forestall all their manufactured crises, and leave them penniless.

Problem is, the people who could exercise that prerogative are theirs, and would ALSO lose their shirts because of their entrenched stupidity in 'joining' the global cabal of 'elites' - some under the presumption that it is 'their right and/or destiny' and others because they are criminally inclined.

I firmly hold that if the nations of the world so decided, all this fiat nonsense could vanish... but the materially wealthy simply will have none of it. They would prefer the remaining 98-99% of the planet suffer, rather than have their make-believe wealth and ownership of the world reassessed.

Mnemeth1:

Tell us how you *REALLY* feel.

Great post, btw.

reply to post by Maxmars


Our nation can never recover as long as the same recycle trash roams the hall of Washington like vermins hiding behind the banner of politics.

The problem is the government and the political parties we have.

Is their decisions passed along with the generations of the same politicraps.

Greenspan just took orders like everybody else, now he got a "guilty" conscience in his decrepit all age and wants to tell the truth, well even when we all blame him and find him even despicable we should listen

Originally posted by marg6043
reply to post by Maxmars

 

Greenspan just took orders like everybody else, now he got a "guilty" conscience in his decrepit all age and wants to tell the truth, well even when we all blame him and find him even despicable we should listen

No offense but, you are clueless.

Greenspan does not feel guilty and he is still playing their game.

If he wanted to tell the truth he would admit that this entire idea of debt and borrowing money from a private bank is a crime against humanity.

reply to post by Coolaid


Sorry to bring this to you, but he doesn't have to tell that to anybody because we all know that is call math and simple economics anybody that took high school seriously in their young age learn that from the public education system

Greenspan still believes what he always believed. All he is saying now is that the gov needs to stop borrowing so much or interest rates will be raised. It's an open threat from an economic bully, whom even on his death bed continues to sell his soul. If you seriously believe that he has good intentions then I stick by what I said in my first post.

Originally posted by Coolaid
Greenspan still believes what he always believed. All he is saying now is that the gov needs to stop borrowing so much or interest rates will be raised. It's an open threat from an economic bully, whom even on his death bed continues to sell his soul. If you seriously believe that he has good intentions then I stick by what I said in my first post.

Its not an open threat from Greenspan; its an open threat from the markets.

The markets WILL drive interest rates up despite all efforts of the Fed to prevent this from happening.

The US government WILL be forced into a situation that requires them to print money to pay its debts.

The US government WILL DESTROY THIS COUNTRY AND THE DOLLAR.

reply to post by mnemeth1


Just the same way that the Markets rats forced the government into bailing out and declaring certain financial institutions too big too fail.

That tells who really runs the show in this nation.

Maybe China will come and play repo man.

Originally posted by marg6043
reply to post by mnemeth1

 

Just the same way that the Markets rats forced the government into bailing out and declaring certain financial institutions too big too fail.

That tells who really runs the show in this nation.

Yeah, a bunch of criminal thugs you call the federal government, which is a wholly owned subsidiary of Goldman Sachs Inc.

reply to post by mnemeth1


And you know that Goldman Sach is also been ask to help with BP needs in financial advisory issues with the leak.

All you need is to have the right ties in government with the right people to get the government to do what you want.

Greenspan may be an all corporate rat but he is telling the truth