Rand Paul’s Balanced Budget Plan
That ain't good...
Going more into debt and growing Gov’t isn’t going to fix the problem.
I am starting think think that I wish the disaster would happen NOW while these libtards can take full responsibility, and we can reset the entire systems
Cut the government IN HALF
Not one hundredth of one percent
Unfortunately, it may be the only way ignorant voters in this country can learn a lesson. Equally unfortunate is the fact that we will ALL have to pay for that gross lack of wisdom.
Fortunately, those who trust in God will not be disappointed.
Too little, too late. It would never fly anyway. Maybe later - 6 to 12 months later - when it matters even less.
I’m with you. When China slowed down the acquisition of US Treasuries, the Fed had to become the buyer of last resort (enter QE1, QE2, QE lite, QE to infinity). Bernanke can not monetize enough debt to make up for China’s divestment. The question is: Will China be willing to take a hit to unload them quickly? If they are willing to urgently dump several hundred billion $’s at 85% to 90% maturity value, we will be in for a hell of a ride down the rabbit hole.
Use ‘em now if you got ‘em.
Their purchasing power is going to start going down more than it already has been.
I agree completely.
If people aren’t well into self sustaining endeavors with the help of God it’s going to get really rough going for them. It’s spring! Get that garden in, get some back yard chickens if you can, and stock up on essentials. Learn to can the produce you grow by using a pressure cooker and dry what lends itself to that. Learn to be self sufficient and be prepared to guard what you have.
Looks like Bennie and the Feds picked a bad week to end QE2.
If China does this, it will cause the dollar value to fall, making the price of their products higher. Coupled with high energy prices and therefore high costs for container transport, it could trigger a lot of job creation here or elsewhere, and China exports to the US will take a big hit.
Hmmm, wonder how this would effect the markets tomorrow? If I were China’s top money man, I would definitely start ridding my country of US dollars as quick as possible. obamma and his RAT thugs are taking this country down into a sewer hole very fast. Hyperinflation is coming!
if anyone thinks (no posts this thread yet) the Chinese would hurt themselves by selling treasuries and hurting market value the vast issuance has been short term paper,bills and notes as opposed to bonds. They can dump the longer end and simply let the shorter paper mature which would be a pretty painless way for them to lower exposure.
Blame Obongo & Democrats suicidal debts and spending and Federal Reserves Quantitative Easing programs. These are so in your face to the ChiComs that we are trashing the US dollars they are holding. They know we have been playing them for suckers and they want out. They can easily dump US dollars and buy-—>>
gold
silver
copper
Canadian dollar bonds
Australian dollar bonds
Oil companies around the world
Natural resources companies around the world
This would bring down the current administration which has no intent of reducing spending. The one mitigating factor normally would be other nations stepping in to buy higher yielding treasuries. I’m not sure who’s left out there to buy our paper.
Maybe this is the reason why all of those US Senators are on a trip to China for undisclosed reasons. An international begging trip.