Posted on 10/16/2013 3:15:15 PM PDT by Eurotwit
Do NOT pay your debt.
We as conservatives play a great weight on personal morals. We keep our word and we pay our debt.
America has been in a deficit since the 50's.
The debt has grown and grown, and now is unsustainable.
You are now debt slaves. You can never pay off the debt to the internatinal bankers.
Rich, huge and forever in servitude.
That is the American future right now.
You have two options:
1. Going along with Obama, ObamaCare and raise the debt ceiling even further. This will work for another couple of decades, but as Jefferson said, you are making your own kids into serfs in the homeland their forefathers created for them.
2. Say"Hell No"
America is the "breadbasket" of the world. You are self sustained. Tell the Chinese and the international bankers to go f. them selves.
You will survive. You have the resources, oil and gas, human brain power, the creative power of freedom.
You are the masters of your own future.
You just need to tell the Obama and the Congress to get the frakk out of it.
Let the people searching for happiness be in charge again.
Iceland, albeit a tiny nation, just did that.
They put the criminal bankers in jail.
Defaulted.
They thought: We have fish, we have geothermals, we will survive.
Now, the bankers are on their feet offering them credit again.
Do not fear the bankers.
Be Americans, take control.
You are the last great hope of the World.
Please default.
Cheers,
Euro.
Ron, I am a strategic consultant.
But, I work on micro projects.
i.e. This car?
Revenue streams and costs.
But, America is special.
You will be allowed to run up your debt.
You do not understand.
Your masters love debt
It make you their slaves.
Imagine having the entire American population as slaves for Eternity.
It makes some people very happy
.
Exactly, as illustrated in my 2nd paragraph
Sarcasm doesn’t do well w/o the tag
I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. ...
I am European, but got my education at one of your great institutions.
A, an unfree European I perhaps see what you are turning into.
And. it might even be worse than old Europe. :(
The welfare mamas and the food stamp crowd are nothing compared to the damage done by the crony capitalists, the too big to fail banksters, and the corporate welfare whores. As long as we keep our eyes shut to what is really being done, there will be no opposition to the real evil.
I wish I couls show you this graph ron.
It is the world’s gdp matched with the world’s capital.
Since the 80’s or so world capital has increased exponentionally.
I did part of my masters paper on this capital inflation.
But, you can imagine it never happened, and call me a Ron Paulian.
Btw. The real American economy still produces enough to out compete most nations on the planet.
But, who wants a real economy?
Explain it to me.
I am a micro economics guy.
You get it.
The big bankers love the food stamp crowd.
You pay for it, and they get rich from it.
And you are right.
Every Empire so far has fallen.
The Ancient Greeks laughed of Cassandra.
We here at FReerepublic have focussed on Europe and their mistakes.
Which are huge.
Or how wilt thou say to thy brother, Let me pull out the mote out of thine eye; and, behold, a beam is in thine own eye?
5 Thou hypocrite, first cast out the beam out of thine own eye; and then shalt thou see clearly to cast out the mote out of thy brother’s eye.
Cheers
The funny thing about fiat currencies is that they have no intrinsic value of their own so there’s nothing to say that a Zimbabwe dollar is ‘worth’ more or less than ours aside from our collective faith that says a US dollar is worth more than a Zimbabwe dollar.
At the end of the day both currencies are faith-based and are both being inflated into irrelevancy.
Megan?
This is where the US has an immense advantage.
Even a “new” US dollar would have instant credibility.
Because, America is special....
I can't say I agree with that, Zimbabwe didn't have a 16 trillion dollar GDP, ergo the faith in the currency
But suffice it to say, your assessment with fiat currency imo is spot on.
I agree, children in the US will be born with massive debt. Economic slavery.
I'd like to see it if you can locate it....I am always open to learning,
Btw. The real American economy still produces enough to out compete most nations on the planet.
I know that and agree, but in reality, what is it based on?
We certainly do not manufacture hard good, we off nothing tangible, it is all financial and based on balance sheets....which in the right hands can project anything you want them too.
Our economy is based on injecting 85 billion in funny money every month, numbers that do not get reflected in the overall "debt"...what happens when that stops?
Your post makes no sense.
Show us the connection between the debt ceiling, Iceland, conservatives and Europe opting for socialism.
Your post will upset the brainless Neo-Con Trotskyites here on FR who believe that everyone should pay off the debt run up by the leftist politicians, the thieving fascist banks and corporations and the EBT obumaphone crowd.
Good luck.
Could you explain that a little further? Because that was my understanding, and I realize there is a whole lot of misinformation out there.
If no deal were passed, then everyone holding T-bills would still get their interest?
How?
Would the gov’t just print money, or would the creditors have to wait?
Oh - I think I’m getting it now. Too little of the government is designated as “non-essential?”
The tax revenue comes in regardless of the debt ceiling. The interest on the debt is “essential” spending. Do you understand now that the whole “default” thing was bogus scare tactic, kind of like Nazi propaganda, fear tactic? A lie.
tax revenue > [interest+medicare+SS+defense] (although civilian defense were furloughed). Adding Fed pensions or income security would put it in deficit.
What the heck is income security?
You are missing the point. Forget all other spending. The revenue that comes in has to cover, and does indeed cover, the interest on the debt. The US Govt pays that bill first. It always has. Always will. It is like a family paying the mortgage first THEN the other bills.
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