Posted on 04/12/2011 9:10:41 AM PDT by Kaslin
Exactly. Too bad more Americans are not familiar with these '60s Marxist bastards' strategy.
“I believe most of those resources are already owned by China should we default.”
If you have proof that the criminal politicians used our resources as collateral for bonds, let’s see it.
That is prima facie treason. If that’s the case, the second American Civil War starts now.
A little complicated to follow....but...it will make you think about what I said and its meaning.
here ya’ go: http://www.heritage.org/Research/Reports/2009/02/Chinese-Foreign-Investment-Insist-on-Transparency
Yes, but you or anyone else try to get another mortgage. No can do. There will be no mortgage industry henceforth.
we have a HELOC...should we dip into our retirement and pay it off now?..the rate is low...prime rate like 3.25%....we’d take a 10% penalty...
Best start living frugally now because the future looks painful.
bttt
It would demand that they actually do what needs to be done and what they refuse to do.
LLS
The HELOC is undoubtedly variable, and what you pay down, you can pull out (like if gold drops to $1200 per ounce).
So treat your HELOC like a savings account. Put cash there unless you have a better place to put it.
Oh, and DON’T pay OFF your HELOC and close it down. You’re better off having that borrowing power available for a catastrophe (like medical or job loss) than worrying about qualifying for a new loan in a future economy. Even if you have to pay an annual fee.
I too believe it is inevitable. There is absolutely no way any politician of any party will willingly give up power in order to bring about more Liberty for the citizens. Terrible times lie ahead; be it within a year, two, or ten. It's a certainty.
The powers that be know Obama is their man, they're going to crash the dollar under his watch with his help, he is their useful idiot. Obama thinks that he is ushering in a Marxist Muslim era but the powers that be hate Islam as much as they hate Christianity, they're just using the Islamic world for their benefit for now.
Before the end of 2012, the dollar is crashed in my opinion.
He's wrong, gold will not lose it's value. There have been worse times than hate we are going to go through and gold did just fine. Gold and silver is one's best material hope for not having to participate in the marxist economy that these people are trying to implement. That's the whole point of crashing the dollar, to control people.
Or the idiots who think Trump will save them.
Or cw2.
hate = what
Really? If you refi'd recently, check your mortgage and see if there's an escalator clause in it -- an "inflation" clause.
Bet you two old bottlecaps it's got one in the fine print.
So equities don't work in a hyperinflationary economy, either.
What you would see instead would likely be a move by the Usual Suspects (China, Russia, other enemy states) to foment civil war in the U.S. using the Mexicans as catspaws.
They would then bring in a U.N. resolution to break up the U.S. by restraining the U.S. (or trying to) from reestablishing its authority in the Southwest, under the rubric of opposing "ethnic cleansing". They'd:
- Assert the rights of Mexican nationals in the U.S. to live here,
- Assert their right to have a government of their own in places where they have a working plurality or majority (Texas, California, Arizona, N.M.),
- Affirm their right to secede from the United States without U.S. interference or "retaliation" or "race war" or whatever baloney language you like, and
- Assert the U.N.'s obligation to protect (oh so recently and deliberately endorsed in Libya by the Obama Administration) both ethnic Mexicans and illegally immigrated Mexican nationals from evil ugly whiteyes and
- Pass a force resolution through the Security Council authorizing military intervention by interested powers.
Something like that.
Argentina collapsed in 2001 and confiscated private savings in 2008.
Obama convened a working group (list of names needed) to look at how to do this in the States. Mechanism would be a public law (or decree), seizing your IRA and replacing existing assets with federal (worthless) promissory notes.
The assets would be commingled with Social Security funds (i.e. instantly liquidated and stolen).
See the post above, which you apparently missed, which predicted that the Fed would move to "protect the system" by allowing banks to change our mortgages from fixed-rate to variable-rate and pumping up the balances, i.e. "adjusting for inflation". The Fed will do whatever it takes to protect the banks and screw you -- hard. Guaranteed.
I got screwed in gold, and the Fed did it to protect the dollar, and their Eurobanker buddies and the Eurobanker buddies' best depositors. Done deal, zip, zam -- screwed!
s/ A Knowing Screwee
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