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It Is Mathematically Impossible To Pay Off All Of Our Debt
Zero Hedge ^
| 5/22/15
| Michael Snyder/Tyler Durden
Posted on 05/22/2015 5:14:38 PM PDT by fhayek
click here to read article
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...but lets talk about global warming and gay...anything...instead.
1
posted on
05/22/2015 5:14:38 PM PDT
by
fhayek
To: fhayek
An ineligible President assuming the Office of the President of the United States voids its debt. It’s the reason Obama was installed.
2
posted on
05/22/2015 5:19:22 PM PDT
by
SvenMagnussen
(1983 ... the year Obama became a naturalized U.S. citizen)
To: fhayek
Since members of both houses of congress are popularly elected, reelection is job #1. There is no #2.
3
posted on
05/22/2015 5:20:44 PM PDT
by
Jacquerie
(Article V. If not now, when?)
To: SvenMagnussen
This is the result of BOTH parties sending America’s businesses to China.
Bring them back.
To: fhayek
I completely disagree with the premise of the story.
I would agree if our country continues on its current track, however because of this debt,something has to change.
And it will.
5
posted on
05/22/2015 5:23:57 PM PDT
by
Zeneta
(Thoughts in time and out of season.)
To: Jacquerie
I now have two (little) grandchildren. I just worry about them. What are we leaving them?
6
posted on
05/22/2015 5:24:05 PM PDT
by
fhayek
To: SvenMagnussen
Wrong. Devalue the dollar 90% and it becomes no problemo.
Then, the few working people in 2025 will have no problem paying $100,000 a year in taxes to help the oldsters, so that they can eat from “nice” garbage cans. This, I believe, was what happened in Russia, when the monthly pensions that the USSR gave retired people might buy a decent meal out - a month.
7
posted on
05/22/2015 5:24:58 PM PDT
by
The Antiyuppie
("When small men cast long shadows, then it is very late in the day".)
To: fhayek
Paying off the debt is easy...it fiat money after all...
reissue dollars at 10 cents on the dollar...
Of course Americans will be in poverty, but hey, we’re debt free...
happy days are here again...
8
posted on
05/22/2015 5:26:54 PM PDT
by
Popman
(Christ Alone: My Cornerstone...)
To: fhayek
Someone’s going to take a bath.
9
posted on
05/22/2015 5:29:23 PM PDT
by
HiTech RedNeck
(Embrace the Lion of Judah and He will roar for you and teach you to roar too. See my page.)
To: fhayek
Yes. And what we need to do is spend more.
10
posted on
05/22/2015 5:30:18 PM PDT
by
The Ghost of FReepers Past
(Woe unto them that call evil good, and good evil; that put darkness for light..... Isaiah 5:20)
To: Popman
There are easy answers, but the repercussion that people have to live through are hard. The currency dies, and people lose the fruits of a lifetime of work. I hope it doesn't happen, but it just seems like, one day, they will be one hell of a day of reckoning.
11
posted on
05/22/2015 5:30:47 PM PDT
by
fhayek
To: Zeneta
I completely disagree with the premise of the story.Denial just ain't a river in Egypt.
12
posted on
05/22/2015 5:31:28 PM PDT
by
kabar
To: fhayek
To: fhayek
There are easy answersGive me a couple
14
posted on
05/22/2015 5:33:50 PM PDT
by
kabar
To: kabar
Repudiate the debt. Inflate the money. Financial armageddon.
15
posted on
05/22/2015 5:36:15 PM PDT
by
fhayek
To: fhayek
16
posted on
05/22/2015 5:37:01 PM PDT
by
CPT Clay
To: fhayek
Not being able to pay off the debt is not news to most of us here, we knew that trillions of dollars ago
17
posted on
05/22/2015 5:37:07 PM PDT
by
al baby
(Hi Mom)
To: fhayek
The currency goes kaput, or the investments backed by this impossible debt go kaput.
The Hebrew Jubilee looks more and more and more like it was inspired by God... [I am a believer, I’m being sardonic here]
18
posted on
05/22/2015 5:37:44 PM PDT
by
HiTech RedNeck
(Embrace the Lion of Judah and He will roar for you and teach you to roar too. See my page.)
To: al baby
But now we have Math to back us up...
19
posted on
05/22/2015 5:38:58 PM PDT
by
fhayek
To: HiTech RedNeck
or the investments backed by this impossible debt go kaput. What we have are IOUs written to ourselves. It's a very strange situation.
Anyway, we all know that SS will come to an end. And in practice it will mean most parents will have to move in with their children, which will probably be a good thing. It's the way it was done for generations before the government stepped in.
Everything the government does serves to break down the family --which Marxists rightly regard as the bulwark against the totalitarian state.
20
posted on
05/22/2015 5:41:49 PM PDT
by
St_Thomas_Aquinas
( Isaiah 22:22, Matthew 16:19, Revelation 3:7)
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