[gotribe]

This is a good piece. Basically he sees the U.S. as bankrupt, and of course, it is.

[marron]

Remember back when we were arguing about raising the debt ceiling?

And the fact was, we had already passed the real debt ceiling, the one where no one is willing to buy your debt anymore. Still, they just blew right on by it and never slowed down.

By continuing to print money to buy the debt, the Fed delays the crash. If we continue to print money, the crash is coming good and hard. If we stop printing money, the crash comes good and hard and now. So Obama has set it up so that who ever tries to solve the problem will be blamed for the problem.

Thats the problem Romney faces. If he stops the printing presses the crash comes and he gets blamed. If he doesn’t stop them he is accused of continuing O’s policies (and the problem gets worse). In fact, he needs to stop them, but he needs to get the economy opened back up quickly to compensate for the loss of artificial liquidity. Like, move hard for energy independence so that the half-trillion a year we send out of the country gets spent here putting people to work here.

[sanjuanbob]

Is it time to buy gold and leave the country..how close to the endgame are we?

[mvpel]

Gee, he sounds like Ron Paul did back in 2008, and earlier.

Ron Paul: Printing Money Only Prolongs the Pain - December 11, 2008

... when silver was $16/oz, and gold was $850/oz...

“Instead we just carry on doing the same old thing….we spend more money, we run up more debt, we print more money, and we think that’s gonna solve the problem that was created by spending too much money, running up debt, printing too much money and here we are today,” stated the Congressman, adding that Congress was debating about “tinkering on the edges” while failing to deal with the big problem.

[Vendome]

Zact uh mundo!!!

[patriotspride]

And when will we see this come out?

[LuvFreeRepublic]

Is this why agencies of the Fed Gov are purchasing ammo? For when all heck hits the fan?

[Terry Mross]

When the government “loans” GM billions of dollars in phony money then gives it more billions of dollars in phony money to pay off the first billions of dollars and then claim GM paid back the loan...
what can be expected from the government except printing money.

But what’s destroying this country is the idiots who actually believe GM paid back the “loan”.

[campaignPete R-CT]

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.

[Graewoulf]

” - - - 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.”

[thingumbob]

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

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.

[PGR88]

Simple solution: the Fed will never stop buying US Govt debt.

[green iguana]

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.

[ridesthemiles]

My Dad used to call it ‘MONOPOLY MONEY’.