The WHO is easy. The name Hussein gives you all the hints you need.
When you try to figure out WHY and WHO is this guy, ask yourself WHAT WOULD A MUSLIM TERRORIST DO IF HE WERE MADE POTUS? The answer is EXACLTY WHAT BARRY HUSSEIN OBAMA IS DOING.
Got gold?
Can’t eat gold!
My how I would like to see an
immediate rise of the present
false interest rate, to about
six percent, and see the dominoes
do their thing.
The US government is on a collision
course with reality, and when the
govt goes over the falls, the rest
of us will be in the barrel with
them. You just can’t make this stuff
up. The question remains when, rather
than if.
...and the final reality, who ya gonna
hang. The complicit masses, or the willing
accomplices in the congress?
Why? Because fiscal austerity is unpopular. Any politician who tries to sell it will be looking for another line of work.
People like statism - as long as someone else pays for it.
The general attitude with debt in this country is as long as its not mine, its not my problem. Let someone else pay for it.
And with all our debt overhang we’ll never pay back, the feeling is nothing much will change because it won’t. Not in our lifetime.
“Secondly, the near-zero interest rates being paid by banks and other savings vehicles are so low that it actually discourages people from saving when they need to be doing it most. I had the severe displeasure of scanning rates on money market funds for a client the other day and found that the average of the handful of money market funds I looked at was .06%. That is six cents a year for every hundred dollars invested. Incredible. And when you figure that veritable fortune is taxed? Well, what’s the point of even saving? “
Just some thoughts of mine:
1. Money is capital
2. Zero interest rates= no increase in capital
3. No increase in capital+inflation= erosion of what capital remains
4. Soon, no capital remains- it will be worthless paper if it exists at all.
Forget Social Security as a retirement option, or even as assistance.
My retirement “plan” is to own and operate a small farm. That way, at least we can eat while the rest of the planet spins apart over worthless fiat money and sovereign debt defaults.
What seems crazy about this is that the world is still willing to loan us money at THE LOWEST RATES IN HISTORY. The ten year bond now yields a measly 1.6%. What do you think the dollar is going to be worth in ten years?
Now we can moan and sigh and long for the good old days, but it seems like a clever person would do something to take advantage of the ability to borrow money against a soon to be worthless US dollar at 1.6% for ten years.
It seems to me that we should borrow money to fix the parts of our infrastructure that are crumbling around us—the highways, the bridges, the electrical system, the schools, airports, rail systems....An immediate upside would be that it would put lots of Americans back to work. The other would be that we’d get to pay the money back with dollars worth a great deal less than they are worth today.
Have you seen this?
President Obama: The Biggest Government Spender In World History