Posted on 02/12/2016 6:59:26 PM PST by MtnClimber
I wonder how many people think that teller machines actually print money? ;-) No the Treasury does that, and A LOT of it. Yikes!
Barry has already ‘nationalized’ General Motor’s bond holders.
(though the letters from the numerous lawyers said I could get a discount on a new vehicle...which would probably be taxed as income)
There is absolutely no where else for the money to go. Gold is manipulated, bonds are a joke, and real estate is risky so my guess it comes back. All of it.
I think taking out cash you own isn’t too tough unless there is a run on the bank.
I’ve had banks requesting 24 hours notice (bank hours) for withdrawals over $4000.
One bank denied me access to a savings account because I hadn’t used it for 6 months. (it’s a SAVINGS account, I’m saving it!). When I closed all accounts at the bank, the manager said... ‘I hope it wasn’t something that we did’.
Fun with figures... should the opportunity arise, ask someone to write out the figure of 1 trillion dollars.
(I’ve tried to get into local meetings when the representatives come home to do this)
If they succeed, ask them to divide it by 330 million. (college kids use their phones so it’s more fun).
Now have them multiply it by 10 (not accurate, but easy).
Ask them how much the Bush admin returned to taxpayers for stimulus (avg $300 ~ $600, even if you didn’t claim it, it was added to your return).
Ask how much Barry admin returned to taxpayers...
Ask how much Barry has increased the National debt.
Years ago, maybe 20, they the news had a story of some kid that sat down on his typewriter and typed 1, 2, 3, 4, 5... all the way to 1,000,000. Talk about having time on your hands. ;-)
19,000,000,000,000
And we didn't even get a chance to pass a taste of it through our kidneys first
Bonds have been destroyed over the past few months (i assume you mean corporate and not government) due to deteriorating fundamentals and decaying valuations for underlying assets. Its not just oil but a host of raw materials. While i can’t tell you how much debt is owed by all the various industries involved with all the various sinking raw materials i do know its huge and a huge part of the overall debt market which is in the trillions.
Add that to folks tying their wagons to a over-priced oil/gasoline market and betting on it going even higher didn't help much either - "But...but...Obama promised!".
What’s behind the global stock market selloff?
In a word Obamanomics.
No I don’t mean gov’t bonds. Thanks for your perspective.
Winner, Winner, Chicken Dinner!
It's funny how these class action lawsuits end up as the people damaged most are given "discounts" or "rebates" (that are like you say probably taxable) and the lawyers are always paid in cash.
and if the elites want your Tenn mountain property, they’ll just have their govt puppets manipulate you out of it...declare it sacred ground or a sanctuary or use the “best use” crap to take your land and sell it to some developer...
A=A. Water is wet.
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