The US government is about to lose its #1 lender: You
Posted by freedomforall 8 years, 7 months ago to Economics
"I told you that the debt is now $19.5 trillion. The debt hit $18.5 trillion in November of last year… meaning that they added $1 trillion to the national debt in just 10 months.
What did you get for that $1 trillion? Did they defeat ISIS? Give everyone a massive tax rebate? Recapitalize all of their insolvent trust funds?
Nope. Nada. They made a trillion dollars vanish into thin air and have absolutely nothing to show for it."
What did you get for that $1 trillion? Did they defeat ISIS? Give everyone a massive tax rebate? Recapitalize all of their insolvent trust funds?
Nope. Nada. They made a trillion dollars vanish into thin air and have absolutely nothing to show for it."
It is a stealth flat tax on everything.
The government confiscates a few pennies from the value/purchasing power of every dollar. Soon enough the dollar is worth 50 cents and now you need two dollars to buy what you could buy with the one dollar before the government raided it's value. The government can go on this way for an indefinite amount of time since we are the reserve currency. The rest of the world is forced to accept our currency even if it is worth less. Once we are no longer the reserve currency then we are in HUGE trouble.
Can't wait to try their new falafel and hummus.
This will result in the reduction in value of the FRN by about a third over the next 2 years. All installment debt will be in trouble as it is rigid; brittle fixed amount payment contracts that fantasize that nothing bad will ever happen in their cracked crystal ball that fell off the amortization table in 2008, will finally be seen as mysticism.
I am leading efforts to convert long-term debts to inflation proof, flexible, PAYEable Percentage As You Earn (%AYE) finance & finansurance.
Me dino wishes me could go out and play big guberment as good as widdle Barry can.
I recall the sticky fingers of the Clintons when they left the White House.
With other countries having purchased our treasuries and using the FRN as collateral for their own banking schemes when this fiat currency unravels it will leave billions without the wherewithal to continue their financial lives in the manner they were accustomed to. I am buying food as a hedge against all losses. My home is paid for and my car but that doesn't mean the government won't foreclose on my property for they have indebted it (property taxes). Unsure of how it might all work out.
There is always simple printing of money, and eventually they will get to that.
Our political community is a collection of the mentally ill. The inmates are truly running the asylum. Is the solution to elect the bedbug craziest among us to lead? We may soon find out.
"there's a hellova good universe next door
let's go"
-- e.e.cummings
http://noruler.net/378/stop-supportin...
It all fits along with that I've not filed a 1040 in about 25 years now, and never got a complaint from the IRS. It's not that it doesn't know where I am, it's that I didn't waive by rights by signing that paper and thereby giving them permission to extort.