Gold retains its value either way.
Not worried here.
Hyperinflation and default amount to the same thing, only the losers are somewhat different.
U.S. Default = WWIII
Hyperinflation is out of the question, unless and until we are defeated and occupied by our creditors.
Renunciation of the debt is obviously going to happen, likely soon. When in history has a sovereign power, free to choose its course, not done this?
Hmm, suicide pill or gun to the head.....
That is a toughie...
I pick neither since the writer is wrong.
Why not both? The recipe for disaster is already prepared. We are compelled to wage endless war to keep the house of cards standing but it won’t last. It can’t last. Our fate is sealed. It is only a matter of when.
We will not be the ones making the choice.
I choose neither.
Raise the import tariffs, put Americans back to work, rebuild American industries.
I choose neither.
Raise the import tariffs, put Americans back to work, rebuild American industries.
Are people hopeless FOOLS?
Ever hear of Benghazi? Ever hear of the report about Benghazi? The same school of people who wrote the Benghazi report will write the Fed audit report.
Absolutely asinine to think anything of substance or change would come out of this.
that is why they are trying so hard to take our guns
This is a regularly occurring problem in the history of nations: (1) Government (”something for nothing” politicians) debasing currency and borrowing with no ability to repay. (2) Privileged class and institutions using the turmoil to secure real wealth for themselves. (3) Financial collapse. (4) And war to reset the social/national order.
As a nation we have completed phase (1) and have almost completed phase (2). Financial collapse and war are looming. I doubt the Republic will survive.
Default is soooo much better than hyperinflation. Default would likely cause a mega-credit deflation and a new Great Depression. I’d take that any day over what happened in Weimar Germany. Read about their hyperinflation—instead of their economy and society being devastated, it was completely nuked.
We could get both. In a hyperinflationary depression, the government would first try to inflate its way out of its debt, and then eventually have to give up. It would be god awful, and I don’t think it’s an out of the question possibility.
All it takes is short term thinking on the part of our politicians and bankers until events overwhelm them.
Dorothy hooked up with three men she didn’t know and took off for a place unknown to get someone to help her out of the situation she put herself in. Sounds like a democrat.
“Congress gave us a glimmer of hope after the House voted to audit the Fed”
you can’t “really” audit the fed. you can have some phony go thru the motions. the fed is controlled at levels that are not subject to any law.
the question you need to ask is “why wouldn’t it be”.
you think people like Michael Bloomberg, George soros, etc are just sitting around letting the stupid great unwashed rule themselves? look at the disdain that Bloomberg has for the masses, plus he, and the other billionares, were brought up to learn that the Christian majority should never hold power again.
Just saw the 3D version of the Wizard. That Scarecrow was packing heat.
“or”???
They thrive quite compatibly together.
Why does the author say “or”?