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To: sourcery
"Given that, the Tea Party should make clear that ALL US Treasury debt is invalid and will NOT ever be paid back, because it was used to fund Unconstitutional expenditures, based on Unconstitutional money, and repayment was predicated on Unconstitutional tax rates."

Have you given any thought to what would happen to the world economy should America announce a default on its debt?There would be nothing left, nothing at all.

52 posted on 11/07/2010 2:08:56 AM PST by 101voodoo
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To: 101voodoo
Have you given any thought to what would happen to the world economy should America announce a default on its debt?

America *is* defaulting on its debt as we speak...we're just doing it through devaluation, instead of default.
66 posted on 11/07/2010 7:17:47 AM PST by Yet_Again
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To: 101voodoo
America has no choice. Nor does the world. The fiat-money, debt-based financial system is corrupt to the core, and deflationary debt-collapse is inevitable, one way or another. What I or anyone else prefers is irrelevant.

At a minimum, the world is on a path (from which there is no escape) like that of France under John Law, England during the South Sea Bubble, or Holland during the Tulip mania. And that's if were lucky. If we're not, we're following the path of the Roman Empire.

68 posted on 11/07/2010 8:14:45 AM PST by sourcery (Poor Nancy: From Speaker OF the House to...Speaker UNDER the House)
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