Posted on 12/11/2013 8:10:15 PM PST by i88schwartz
MARK LEVIN: They've got this massive debt reduction bill that cuts $23 billion over ten years and no future Congress will change its mind. Ever, never. He promises this. This would be the same Johnny Boehner who just two years ago -- really almost two and a half years ago -- signed off on the debt ceiling deal. Remember that one that had the sequestered cuts in it? And they're not going to back off of that, until they back off of it.
No, ladies and gentlemen I will repeat what I told Paul Ryan yesterday. And you've heard it all day long by other hosts, I'm sure. We have over $90 trillion unfunded liability. You know where they come up with that number? From me, it's in the Liberty Amendments because I calculated it. And ladies and gentlemen, soon it's $100 trillion.
You know what that means? That means our kids and their kids and every future generation is going to be destroyed because there's not enough currency on the face of the earth to address that. Then we have what's called the fiscal operating debt and I distinguish that from the unfunded liabilities, the entitlements.
(Excerpt) Read more at realclearpolitics.com ...
To start with, start listening to Jack Spirko.
Not Alex Jones, but Jack Spirko.
How about Spike Jones?
Haven’t yet read this thread, but I say just from the title what is needed, is to bring back American jobs.
For crying out loud.
Stop exporting jobs. Start exporting products.
(OK now I’ll read the article)
:D
Wouldn’t that be “fiddling while Rome burns”?
because there's not enough currency on the face of the earth to address that.
Not at today's "rate," but kick inflation up a notch and there is an unlimited number of dollars. See Zimbabwe and the multi-quintillion dollar notes.
They simply are not going to pay it. As Mike Shedlock always says, what cannot be repaid, will not be repaid.
Thus, some very wealthy, powerful, and connected people who are gaming the system today are doomed to lose everything. They'll flail about and try to misuse police and even military force to fight reality, but in the end they will go bankrupt and the bad debt will be flushed out of the system.
Natural resources and an industrious public. Energy is one natural resource, and the US is rich agriculturally too.
He's the only mainstream host I can still listen to. I can't listen to the rest of them who still think it's politics as usual. So, I am glad to see Levin is inching his way closer to calling it what it is. And it is a communist revolution. Garden variety.
Some pundits expect 2017 to be the start of an upswing in another long term economic cycle. As a place to start:
http://www.kondratieffwavecycle.com/kondratieff-wave/
http://kondratieffwinter.com/blog/?p=1116
I dream of Brownie with the light blue jeans,
She is as sweet, as licorice jelly beans.
She makes me happy and she makes me feel merrier.
Brownie is my favorite she's my pet terrier.
-Spike Jones
Prepare for war.
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.