Hussein wishes to implement a 3-part takeover of the US economy:
1. Own the FIRE means of production (finance ie banks [Citi], insurance [AIG] & real estate [Fannie/Freddie])
2. Regulate/dispense/control health care
3. Direct/manage economy via energy (cap & trade)
These initiatives will only be successful if the Kenyan has sufficient tax revenues and adequate access to credit (Treasuries) to pay for his grandiose schemes.
Purposely slowing down the economy through a concerted effort to save more & spend less will help crater tax receipts. With falling revenues, -0- will be forced to borrow more to make up the shortfalls.
Escalating demand for debt (increased risk = increased prices of debt & higher interest rates), and a dawning realization that invested funds will not contribute to increased imports (Chinese perspective), will serve to detonate the bond market and dry up his ability to loan money.
No taxes and no Treasuries means the shiftless punk from ChiTown will be sh!t out of luck trying to take over our country. Wake up and get with the program. It's not really an option - we're literally in a fight for our lives. If we help breathe new life into the economy, we're merely funding the agents of our oppression.
>> Time for my daily commercial: save more, spend less.
I’m down with that part, but it’s not clear what the end game of this strategy is. Tax revenues or no, if Bambi can’t find borrowers for his treasuries, and can’t fund his way out with tax revenues, he’ll just monetize the debt through quantitative easing (or whatever term you prefer).
The night-follows-day outcome of this is inflation — destroying those who saved to bring it about.
Is there something I’m missing? I don’t mind staying in cash for the time being, and minimizing spending is de rigeur these days anyhow. But watching my cash inflate to nothing won’t be an option for me.
I mostly agree with your analysis. Its time for those who got us here to suffer. I am preparing myself for the dark ages. Those living on the government teat will hopefully starve to death or eat each other. It will be better for our children and grandchildren.
Its like war, you must suffer for a while, but victory brings the spoils of war. Set it off. Let it burn. American needs to tighten up.