Americans by the millions are now degenerate monsters. Let God judge this nation.
And nobama's plan to handle the dollar bubble is...?
So, should I buy real estate now? Prices are low, rates are low, and I believe housing takes a ride on the inflation train
Americans by the millions are now degenerate monsters. Let God judge this nation.
BTTT
His plan is to hope it pops after 4 more years
Print even more!
What else???
There is a fifth way ~ PLEDGE ASSETS ~ you can do it the modern way if you want and simply monitize the assets.
Unlike Greece this country has enormous assets of all kinds. The federal government has the assigned ownership role for 30% of the surface landmass ~ and that's just the beginning of things.
Our existing military can certainly acquire tribute to operate if that becomes needed.
Where is my Obamaphone?
"I pity the fool" - Mr. T
Pravda USA-”Republicans fault!”
Why am I in this hand basket? Where are we going?
There are only four ways to tackle it:
1. increase taxes to bring in more dollars,
2. reduce spending to save dollars,
3. reduce entitlements to save dollars,
4. and/or increase job growth which will result in more overall tax dollars coming in to the government.
And this administration’s solution will be...
Clearly, number 1; they will also dabble in number 3, as long as it doesn’t discommode Obama’s voter base, i.e. Blacks and Hispanics (BOTH the legal and illegal varieties).
As of even date, Obama’s Marxist Revolution is right on track.
In four more years, America will be unrecognizable, even as compared with the America of today.
” There are only four ways to tackle it”
You left out the fifth way, the universal historical solution which has been used over and over across the centuries.
We ain’t payin’, and you can’t make us.
That WAS the plan!
Everybody says it is coming. Nobody will say when. All I know is that the Democrats will NEVER allow it to happen on their watch. They will put it off four more years until things are even more horrible. Then the republicans will happily allow themselves to be elected. Two months into the Repulican presidents term in 2017, the whole thing will collapse. The MSM will happily report the Republicans did it.
Just watch. You know I’m right.
Through an odd chain of circumstances, the people themselves might be able to fight back, but it takes some background information as well as organization.
To start with, there is not just one US currency dollar, but two. Virtual dollars exist only on computers, and can be “created” just by adding another zero on the end.
Physical dollars are printed in only two places in the US: Fort Worth and Washington, D.C. And even at full capacity, they only print enough paper money to back 5% of US daily retail trade. The other 95% is done with virtual money.
And paper money also has something that virtual money does not. It is “legal tender”, and this is very important.
Were America to not be able to access its virtual money, or if Americans just *refused* virtual money, insisting on physical cash, there would be something called a “currency split”, in which all the trillions of virtual debt would cause virtual money to hyperinflate; while at the same time, physical cash would *deflate* 20 to 1. That is, a physical nickel would have the purchasing power of a dollar right now.
All sorts of things could happen to cause this virtual money bubble to pop. All the people who owned virtual money would suddenly be impoverished, either by not being able to access it; or its value hyperinflating to nothing.
And one thing could happen to cause the massive deflation of paper money: the public refusing to trade in virtual money. Insisting on cash.
Since the government can’t physically print more money, could it print higher denomination bills? Actually not, for the simple reason that there are not enough lower denomination bills to make change for it.
All the people right now who get checks from the government for whatever, would find that the checks are worthless if nobody will trade them for cash, and nobody will accept checks, credit, debit or any other virtual instrument in payment for debts. Because they don’t have to. Because virtual money is *not* legal tender.
“I have a million dollars in the bank!”
“Good for you, but the price of a stick of gum is still 1 cent. Unless you have a cent, you cannot buy it.”
Now granted, this situation is untenable for the government, so they would have to do something, but by that point, “Gresham’s Law” would come into effect. Nobody would want their worthless virtual dollars, and would spend them as soon as they got them, for anything they could get. And everybody would horde physical dollars and coin.
And, as with the deflation during the Great Depression, the saying would hold true: “You could buy a pound of hamburger for a nickel, but nobody had any nickels.”
I’ve tried to explain this to people.
And I’ve been laughed at, mocked, made fun of, flipped the bird, called a racist, etc.
The Republicans who are supposed to represent me and my interests have (to a large degree) joined in the mockery.
So this is what utter hopelessness and despair feels like? :(
Life sucks in Obamaland. :(
From WHO?
Just WHAT entity has that kind of money to LOAN?
The only thing wrong with the headline is that it is labeled editorial. This time it aint a housing bubble, its a dollar bubble. Huge over supply of them.
