Half of the country needs to find their virtual Galt Gulch.
Well Levin has finally come to the party. The train is too far down the tracks and its just what moment in time the crash will happen.
Actually, there is. Or to be more accurate, there will be. You've got a $100 trillion debt? No problem. Just print a trillion $100 bills and the problem is solved.
And I'm not being sarcastic here. The Fed's refuse to rein in spending. So hyperinflation is the only other option. And that's the choice that they'll make, sooner or later.
Be careful what you ask for Great One.
Translation: His money is not in our banks.
So how much time so we have?
It is not a matter of "if" but instead a matter of "when".
I think conservatives vs everyone else, will have great trouble agreeing on what constitutes “the fix”.
Bookmark
When it does hit how can we survive?
ONLY one serious solution to America “problem”...
..................... Civil War......................
Mark didn’t want to admit.. still don’t..
Who can blame him.... nasty business civil war..
The progressives will only release power from their cold dead hands..
It’s always been so, and will continue to be..
That’s why they are so successful at sedition and espionage..
Most non progressives are cowards.. not all but most..
By the time they get their nose full it takes full out revolt with the concomitant bloody massacre..
Even NOW the non progressives are just whining..
Have the death squads started YET?...
It’s only a matter of time.. unless its quietly happening now..
Vince Foster’s ghost is moaning...
Wrong....all of you. We’re swimming in oil. Drill, build refineries and pipelines. Crush the futures markets and step back.
bkmk
Yeah, we’re cooked. It’s so depressing to see so many people accepting unbelievable debt as normal and managable.
If my memory correct former Comp-Controller David Walker on Glenn Beck's show a few years ago now had a number North of 200 Trillion, 216 Trillion specifically and you add Obama's additional spending to it you are @ 226 Trillion was the latest number Glenn and Crew came up with.
A Trillion here, a Trillion their, pretty soon it adds up to real money...
I agree with Mark... I often do.
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
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.