Posted on 05/09/2016 11:35:27 AM PDT by Pinkbell
Who wants their daughters forced to change and shower with the boys in the school locker rooms or your wife with the guys at the workout gym?
In finance, paying back less than borrowed is called giving the banks, or lenders a haircut. It is done all the time in workouts and turnarounds. I have participated in many on both sides....the barber and the victim. Right now, we are doing the same thing by merely inflating the debt away (paying off old debt with devalued, quantitatively eased currency) all the while paying zero or wait for it....negative interest.
It is coming. If interest rates return to normal levels, half the budget becomes interest payments. That has been the plan all along....like in Greece.
“Ask yourselves, who will lend to us at anything less than high rates if we refuse to pay back our debts?”
Friend, the time to get all indignant about the possibility that we would pay our debts back was about 10 Trillion ago.
Not only are we not going to pay back our debts, but folks will be lucky to get 10% in real value compared to what they loaned us.
Pretend all you want that Trump isn’t right, but on this one he’s right.
Well, I’ll vote for him too over Strikland, but I was hoping he would have lost the primary.
Someone tried. The poor guy had no name recognition and obviously no money to campaign because the only reason I knew was because I saw something in the paper. I looked the guy up, saw he was more conservative than Portman, and voted for him. He still managed 30% of the vote, but Portman won in a landslide. It’s very difficult to primary existing Congressmen and Senators.
We’re Greece? Awesome. I love ancient ruins.
Are the liberals wanting men to spray all over flushes in the ladies’ rooms so they can spread AIDS?
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.