The Biggest Ponzi Scheme in the History of the World "When She Blows It'll Be Krakatoa Redux"

April 22, 2015 | Self

[editor-surveyor]

Why do you waste your time listening to Hannity?
.

[dp0622]

I was wrong. They shouldn’t be forgotten.

[dp0622]

I stopped with fox about a week and a half ago after i grudgingly realized FReepers were right and i was wrong. They are in the tank for Bush. Plus i cant stand Dana Perino anymore. Will miss Kimberly, Jedediah, and Andrea's legs though :)

[apocalypto]

It beats listening to CNN. CNN has gone ballistic with its anti-police agenda. It repeated, speculates, inserts idotic blabber, and anything that is anti-police.

[USFRIENDINVICTORIA]

The most likely scenario involves some sort of basket of currencies.

As I said earlier; fracking and the resulting drastic drop in the price of oil and gas has saved the U.S. economy (for now). A library could be filled with all of the articles and comments posted on this forum, about how Obama is destroying the economic and financial fundamentals. The policies outlined in the Forbes article remain in place.

History tells us that it’s not a matter of “if” the U.S. Greenback loses reserve currency status — it’s a matter of when. If the U.S. continues to use devaluation as a strategy for reducing its international debt obligations, that time will be sooner. Creditor nations will simply not continue to tolerate the abuse. If real conservatives take control of the system, that time might be much later — centuries later even.

[Toddsterpatriot]

If the U.S. continues to use devaluation as a strategy for reducing its international debt obligations

I haven't seen proof of this strategy.

The policies outlined in the Forbes article remain in place.

That wasn't proof of your "debt reducing strategy".

[riri]

Wake up people, it’s the brave new world and we’re all falling for it like lined up dominos.

"We" don't even know it's happening. Too busy watching Bruce Jenner and the fat ass clan.

[editor-surveyor]

Leg men of the world unite! :o)

[editor-surveyor]

.
But you could have been pounding on your bare toes with a 4 pound hammer..
.

[Ghost of SVR4]

That isn’t really debt - just a huge pile of political promises that will never be kept.

I agree with your statement (in essence) but reality is those promises not kept will still tail spin the global economy once we (America) fall flat on our faces economically. Those un-funded liabilities have hooked in millions of American's who now rely on that gubmit cheese. When that dries up, chaos will eventually ensue and our economy ceases, and it tumbles down hill from there.

[Ghost of SVR4]

....debt is always someone else's asset.

You are correct in that

But we are at a different stage.

If I owe you $100,000.00 I am your slave.
If I owe you $100,000,000.00 you are my slave.

You will do what you can as fast as you can to keep yourself afloat and rid yourself of me. Only problem is, you can't and that's where bad things start to happen.

[Toddsterpatriot]

If I owe you $100,000,000.00 you are my slave.

Then I guess all the whining about furriners owning our debt is misguided.

[USFRIENDINVICTORIA]

I simply cited the Forbes article to get you started. There's plenty of other material about the subject on-line. Over the years, I've written numerous posts here about this -- as have several other Freepers. Search on terms like "US devaluation to reduce international debt reserve currency" -- you'll get hundreds of thousands or tens of millions of hits. Limit the search to the "Freerepublic.com" domain name, and you'll still get a couple of thousand hits. I studied this topic in economics courses decades ago (taught by American profs, using American texts, FWIW). It's not a new revelation, and I'm not making things up.

"That wasn't proof of your "debt reducing strategy"."

Perhaps I should have called it a "partial debt default strategy".

[SaveFerris]

That graphic with the Statue of Liberty is really incredible.