Posted on 08/15/2013 1:19:31 PM PDT by MosesKnows
Dear FReepers, allow me to introduce you to a new word:
Restructuring.
Have a nice day.
All three.
Not to worry..........we still can keep handing out Obamaphones and EBT’s, so we have The Messiah to save us all.
We will replay the video of Obama saying “We don’t have a debt problem.” and the media will repeat it enough until our creditors believe it.
Americans are reveling in their increased “wealth” because of increased stock prices according to the MSM regime cheerleaders. But when you try to cash in on some of that wealth, the stock market dives like it did today. The Progressives are biding their time to allow inflation, not just plain old inflation, but hyper-inflation to eliminate the debt. Foreigners are dumping the dollar like crazy and buying hard assets before the dollar becomes worthless.
The debt will be repudiated, of course.
Sorry...
5.56mm
It is not chump change when it is thousands of millions as in billions or millions of millions as in trillions.
How? By handing over our land, minerals, and pristine parks. We shall be strip mined.
Yep. When the QE stops, the debt balloon will pop. Bonds will collapse. Interest rates everywhere will skyrocket. Economic activity will screech to a halt. Pensions will stop. Most government employees will be laid off permanently. Police agencies will remain employed to stop former pensioners and employees from rioting.
As government employees and pensioners lose their incomes, their foreclosed properties will be sold to the Chinese.
The fed?
Just a bunch'a guys with worthless pieces of paper.
Other nations?
Call in our WW2 markers.
We have power to wake up tomorrow debt free.
Hang socialists
Socialism Is Legal Plunder - Bastiat
BIG GOVERNMENT IS CRONY SOCIALISM
The debt regime, sitting happily on its fat posterior and producing nothing of real value, can crash slowly with QE or more suddenly without. It doesn’t matter to me. Either way, I’ll produce and sell something useful, when they’re picking up trash for their daily bread.
imho there are two things that have kept the dollar trending essentially sideways for the last two years.
The first is that the USA is producing 1 million barrels@ day more this year as it did last year and looks to produce 1 million barrels@ day more next year. This changes real world capital flows.
The second big thing that’s happening is that the federal deficit is falling fast. Current estimates are that the federal deficit will fall from 1 trillion last year to 650 billion this year. If deficits fall next year by similar amounts then the federal deficit will fall within normal ranges of years past.
Things could happen very quickly —like US growth rates could expand—for example if the supreme court declares obamacare unconstitutional this fall/winter. That’s very much in the cards as they have moved up a couple of key cases to their dockets.
Fast US growth rates would knock out the federal deficits in a year or two—and the fed would be forced to stop printing money.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.