Posted on 09/19/2012 4:55:16 PM PDT by Para-Ord.45
Welcome to Free Republic...and don’t worry about my patriotism. Worry about your own.
Romney and Whitehead:
The quadrillion dollar question has been answered. When will we reach our credit limit? We have reached it.
As this article points out, nobody is loaning us any more, so if we insist on selling more bonds, the price will plunge and interest rates will skyrocket.
Monetizing new debt is the preferred option now, but must end soon. Less than 6 months away.
I guess you saw that piece about the gold bar (in New York, stamped Swiss good good) that was gold plated tungsten.
And if you haven't been paying attention, the rest of the world is worse off than we are. Or overrun by muzzies.
Good luck.
” - - - So who’s giving us the trillion? And the answer is we’re just making it up. The Federal Reserve is just taking it and saying, “Here, we’re giving it.” It’s just made up money, and this does not augur well for our economic future. You know, some of these things are complex enough it’s not easy for people to understand, but your point of saying, bankruptcy usually concentrates the mind.” (Romney quote from article).
Yup, “bankruptcy usually concentrates the mind.”
“And if you haven’t been paying attention, the rest of the world is worse off than we are. “
Good point.
He's talking about Quantitative Easing I, II, III,...etc. AKA our future Wiemar Republic.
I've been talking to anyone who would listen in our circle of friends about this, for the last four years.....
They're just now beginning to understand what I've been saying all along......it's truly sad that so many are ignorant of history..... I make them Google Weimar Republic and tell them to read what happened.
So were the Jews patriots for staying in Germany?
Yep, we’re in hospice already and he doesn’t know it.
Simple solution: the Fed will never stop buying US Govt debt.
No bankruptcy, just rampant inflation. The Fed is already crediting back to the Treasury all of the interest it is earning on the the US debt it holds. Eventually, it’ll credit back the principle (cancelling the debt) but leaving all of the base money out there in the money supply.
Things will get interesting when that happens. Buy gold.
My Dad used to call it ‘MONOPOLY MONEY’.
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