And nobama's plan to handle the dollar bubble is...?
Ubango’s American destruction is right on schedule. Let no one think this is happening by any other means.
Spend, spend, spend and spend some more!
It's the only way out.
Another approach, and the likely one...
Unleash the dogs of Inflation and
Pauperize the Country.
Confiscate Gold and Silver in the process
Here’s my little tin foil hat thought. God help me if it is even closely associated with reality.
Reagan defeated the Soviet Union, in part, by ratcheting up military spending on the missile defense system in the understanding that the Communists could not economically compete with the United States and would therefore collapse.
Here we are thirty years later, and it appears as if the federal government is doing everything it can to bring about the collapse of the American economy, starting with printing too much money, but also employing a Cloward-Piven strategy of overwhelming the economy by bringing in as many people into the entitlement and welfare system as possible.
It looks like the American left is using the Reagan strategy against the United States, at least to me. The collapse of the system is the goal.
Like I said, this has all the hallmarks of tin foil hat thinking, but I can’t really establish a better motive to explain all the actions that I’m watching. I’m not sure having a big garden in the back yard is going to be a sufficient bulwark against the purposeful collapse of the American system of governance and economy.
I guess I’ll see.
Beyond Collapse: Surviving and Rebuilding Civilization From Scratch (Free 424 Page Book Download)
By now we’ve learned money does grow on trees. The real question is: Is there a free lunch?
The euro bubble will pop first giving the dollar a brief reprieve, the dollar bubble will come shortly afterwards. However, these bubbles may result in WW3.
It did not. You got to wonder how he came up with this.
https://en.wikipedia.org/wiki/Money_supply
As of November 17, 2011 the Federal Reserve reported that the U.S. dollar monetary base is $2,150,000,000,000. This is an increase of 28% in 2 years.[26] The monetary base is only one component of money supply, however. M2, the broadest measure of money supply, has increased from approximately $8.48 trillion to $9.61 trillion from November 2009 to October 2011, the latest month-data available. This is a 2-year increase in U.S. M2 of approximately 12.9%.[27]
Where’s JP Morgan when you need him? He bailed out the Government when it went bankrupt before.
Instead of leaving the country I’m seriously considering moving to a small town I’ve recently become aware of in the Texas Hill country. Everyone owns guns and there are no democrats.
This author understates the problem and fails to understand that the debt problem is built into our monetary system. From the day the federal reserve note and reserve banking were established, there was a designed in certainty that the total debt would always exceed the total money supply.
This is the system the entire civilized world runs on and there is no escaping the fact that at no point in time is there every nor has there ever been, enough of this thing called “money” to pay off all the debt on the books, it’s physically and mathematically impossible and always has been.
Much as I hate to admit it, this was not Obama’s doings and no matter who the President is, the choice is between more debt, exponentially more debt and total collapse of the system. There is no middle ground, there is no way to balance the federal budget. Any politician or economist saying we can actually balance the federal budget is either lying to your face or too stupid to be in charge of a lemonade stand.
Ain’t about debt. Debt is the distraction in this article. To service that debt requires the existence and enforcement of Constitutional Freedoms. Every discussion of the debt in the public sphere is shaped by those desiring the preservation of the status quo...ie Flyover Country as debt slaves.
The amount of the debt is merely a measure of that which we have permitted be taken away from us.
-—— There are only four ways to tackle it: ——
That is as far as was necessary to read. He left out the only way to reduce the debt. The way is time tested and proven over and over. The process is and has been working for sometime and will increase.
The way is devaluation. The US$ and other mainstream countries will continue to devalue at an increasing rate. The value of the debt will become less and less in real terms until it is manageable by the methods the author noted.
“And nobama’s plan to handle the dollar bubble is...? “
QE Infinity. With a minimum wage of $500 p/hr, a lot of old debt can be paid off fast.
America gave a Chicago thug the keys to the Treasury, and now they’re surprised he fleeced it? Cry me a river...
1.Declare a National Emergency...
2. Take over all banks and credit unions, confiscate all money in personal bank accounts over $500 replace it with low yield/long term government paper...
3. Nationalize all private or company retirement accounts and replace them with government guaranteed pensions backed by low yield/long term government paper...
4. Forbid all private ownership of gold and silver and require it turned at a low price, say, $1000/$12 oz., payable in low yield/long term government paper...
5. Forbid taking more than $500 in currency out of the country...
6. Forbid US citizens from having foreign bank accounts...
7. Tack a 2.5% federal surcharge on all banking and credit card transactions...
8. Lower threshold of inheritance tax to $250,000 (soak those millionaires and billionaires!)...
9. Nationalize all petroleum/gas resources and production chains all the way to the pump...
... I'm sure you can think of hundreds more "plans". No doubt the 0bama Regime can and will.