And ‘raising the debt ceiling’ are code words for devaluing (floating)the dollar even further. Audit the fed!
http://www.rollingstone.com/politics/news/the-real-housewives-of-wall-street-look-whos-cashing-in-on-the-bailout-20110411
The Real Housewives of Wall Street
We can not pay off the debt with honest money, the only way to pay off the debt is with worthless money. Those with hard assets will tread water, those without will sink and the bankers will make out like the bandits that they are.
They solution to the the falling dollar problem seems to be missing in action in the arcticle itself and in all the comment except yours.
Let me explain the reason for the falling dollar and the rise in gold, silver and commodity prices in simple terms.
The value of the dollar is falling primarily due to the historically high DEFICITS that are being run by the Federal Government and are expected to continue for many years in the $Trillon per annum range. The problem is that the world’s capital markets cannot support that level of new deficit spending - the extra cash for investing in U.S. treasuries just isn’t there.
So the shortfall of dollars available from normal markets for U.S. treasuries has to to be made up by the Fed and they just pull the necessary ‘credit’ out of the sky, their rear ends or their Xerox machines and hand it over by various means to the Federal Government.
That gives us huge new money chasing fewer and fewer goods every year. THAT’S CALLED INFLATION AND IT IS COMING AT US LIKE A FREIGHT TRAIN.
THE SOLUTION: GET THE DEFICITS DOWN TO ZERO SO THE FED WILL STOP PRINTING MONEY THAT DEPRECIATES THE VALUE OF THE DOLLAR.