Replies

Many financial experts are predicting that Medicare will bankrupt this country.

Don't be silly. All they need to do is crank up the printing presses and start up the "Make Money FAST!" engine.

Why do you think they just stopped releasing the M3 numbers, making it literally impossible for us to know how much the currency has been inflated?

And why do you think that since that point, there's been a full court press to convince us that "inflation" is an index of the cost of various goods and services, rather than the actual definition of inflation, i.e., the amount by which the amount of currency has been INFLATED?

They are creating the foundation for the Mother of All Fixes for out of control spending. They are setting the stage for a nightmare that many other societies have endured. With the spendthrift insanity of the past few years spiraling way past the stratosphere, and the recent secretization of the size of the currency, the pieces are all in place for them to "monetize the debt."

"We owe eleventy nine gajillion megabux? No problem! We'll just print it up now, while you wait! There ya go, debt paid! Have a nice day! What you say? Your money is now worth nearly nothing? Sorry, not OUR problem. We paid you the amount of dollars we owed you, now move along."

Of course, YOU won't be able to make like the proverbial (or literal!) farmer, who, during the collapse of the Weimar Republic, paid off the balance of the mortgage on his farm with the proceeds from the sale of ONE egg.

What will happen is that the banking and "debt" lobby will get the same thing they got with the recent bankruptcy "reform" law, which is to say, they will get their way.

What that will mean for YOU is that while the value of your assets -- let's say those few Gold Eagles you bought for $250 a piece a couple of years ago (now worth over $700 each, and climbing) may very well be worth $50,000 each -- but, you won't be able to sell them, and use the proceeds to pay off your mortgage using those hyperinflated dollars. You can take this to the bank: YOUR debt -- banking, credit card, etc. -- WILL be "indexed", if necessary, via "emergency executive order" -- to "reflect currency valuation changes." You will be mollified by being told that the banking and credit sector MUST be protected as part of the critical national infrastructure, blah blah blah. And, the $50,000 balance due on your mortgage will now be "indexed" so that you will owe several tens of millions of dollars.

Go ahead, laugh. It CAN'T happen HERE, right? Never mind that it's happened time and again over history, with currencies stripped of any actual value (i.e., when "money" is no longer a token for a fixed amount of precious metal), inflated to reflect the "need" for additional "dollars". It's happening right now in Rhodesia/Zimbabwe. EVERYONE is a "millionaire" -- but no one can afford a blessed thing!

Medicare is the least of our worries. It's a symptom of a system gone mad with the power to "borrow its way to prosperity." Well, I guess someone figured that they really could "borrow their way to prosperity", so long as they had the ability to print up "money" to pay the bills.