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1 posted on 10/15/2012 2:04:39 PM PDT by Tolerance Sucks Rocks
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To: Tolerance Sucks Rocks

We’ll never know for sure until we audit the Fed.

One thing I DO know- and that is this: If the people of this nation ever truly, internally, viscerally realized what has been done to them in terms of the federal debt, there would be severe shortages of tar, feathers, stout rope, lamp posts and politicians.

That graphic is the closest representation I’ve seen of the Total Perspective Vortex (Financial Edition). It needs a sign on top of it with 30 foot tall letters written in fire that says, “YOU OWE THIS MUCH!”.


2 posted on 10/15/2012 2:20:54 PM PDT by SargeK
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To: Tolerance Sucks Rocks
Comments? You bet! This seems to be the most difficult lesson for posters to understand. When I've said the same thing the great minds have retorted the the point was nothingness and completely unrelated.

“5. When trading partners sell more stuff to the US than the US sells to them, the difference creates a balance of payments deficit. The USA needs to either borrow through a line of credit or buy the country's home currency from someone else at LIBOR exchange rates with US dollars. The largest creditor of the US Government is the FED who holds over $6 trillion of US debt in its account. The second largest creditor is Communist China with about $900 billion. Altogether, the United States owes obout 60 percent of the total debt of all other debtor nations combined.”

In short we must pay for what we consume with our production or borrow the difference. Exports pay for our imports or borrowed money does.
It is not a difficult concept but it is absolutely true and unchangeable. It is one reason why the U.S. is slowly slipping into impoverishment.

3 posted on 10/15/2012 2:28:36 PM PDT by count-your-change (You don't have to be brilliant, not being stupid is enough.)
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To: Tolerance Sucks Rocks
The dollar is a dead duck for sure... the only question is, "when?".

It really doesn't matter who wins in November, the damage is done.

4 posted on 10/15/2012 2:44:13 PM PDT by Bon mots (Abu Ghraib: 47 Times on the front page of the NY Times | Benghazi: 2 Times)
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To: Tolerance Sucks Rocks

Ping


6 posted on 10/15/2012 3:24:50 PM PDT by Jan_Sobieski (Sanctification)
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To: Tolerance Sucks Rocks


7 posted on 10/15/2012 3:43:25 PM PDT by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: Tolerance Sucks Rocks

bump


8 posted on 10/15/2012 3:45:56 PM PDT by VTenigma
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To: Tolerance Sucks Rocks

My comment remains, MOOTA is the only weapon which can and will destroy USA. This isn’t even discussed by DemoPublicans because it isn’t known or they support the endless supply of MOOTA. Just like many here on FR?

Money Out Of Thin Air


10 posted on 10/16/2012 11:56:15 AM PDT by veracious
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