Rand Paul questions if US borrowing puts country on path to become Venezuela

Fox ^ | March 9 | By Edmund DeMarche

[brownsfan]

They will mock and dismiss Sen. Paul. Then, one day someone will drag this out to show how right he was, while we’re cooking up our zoo animals.

[1Old Pro]

They will mock and dismiss Sen. Paul. Then, one day someone will drag this out to show how right he was, while we’re cooking up our zoo animals.

With only a corrupt media, nobody will know until it's too late.

[eyeamok]

Don’t worry, everything will be fine, we just need to add a Zero to sll Currency Denominations

[allendale]

Its no accident that as this $1.9 trillion borrow and print monstosity becomes likely, the price of gold has begun to rise steeply.

[KL2020]

The Dems can only dream, (this is what many of them hope for)

[Mouton]

A lot of the money is going to prop up bankrupt activities like pension plans and broke cities. That will have a minimum effect on prices. What WILL zoom prices is the check is in the mail bribery schemes. All those 1400 checks floating about will come to roost buying commodity based items or drugs. The “wage” inflation with no productivity to back it up will be reflected at the super market for sure.

[napscoordinator]

It’s less then trump’s! That is what is most amazing!

[UnwashedPeasant]

Berniezuela

[gathersnomoss]

If Rand has to ask, Rand is wilfully clueless. More BS!

[Savage Beast]

Not exactly, Rand, the US Supreme Court did that.

[Truthoverpower]

There is a bigger question than the day-to-day economic Prattle

In the end does money have any meaning at all?

Being someone who believes in the ever after ; the continuity of time from antiquity and to the future I say no

What are traps in this world , are greed and attachment

Look at how many people have lost their lives or ruined their lives over money or wealth

[RoosterRedux]

China, not Venezuela.

China replaced communism with Social Democracy while keeping the totalitarian state of the CCP.

[Basket_of_Deplorables]

Six.
Trillion.
Dollars.

Insanity!!!!

[ProudVet97]

“while we’re cooking up our zoo animals.”

If Bernie Sanders was elected he would promise the zoo animals would be the tastiest and most nutritious animals you’ve ever had!

[Mr. Jeeves]

But since the typical Chinese government official is a thousand times more competent than these clowns, we will still end up getting Venezuela.

[Oatka]

"New 1,000,000 bolivar note in Venezuela worth 53 cents,"

The Venezuelan, or any government, can cut your buying power by half by printing all the paper money it wants, but it cannot tell you that your one ounce gold or silver coin now weighs only one half ounce.

That's why governments don't like precious metals - they lose control of whatever wealth you possess.

Poster #7 is correct. The chart below reminds me of the early stages of Germany's inflation in the 1920s:

The drunks are in control of the liquor store. Supermarket prices will accelerate and follow a similar path.

In the meantime . . . "it cannot tell you that your one ounce gold or silver coin now weighs only one half ounce".

[DoodleDawg]

"Will US be the next Venezuela with Congress borrowing over $6 trillion in one year?"

Yep. If I were Rand I'd flee the country while my money was still worth something.

[frank ballenger]

"Will US be the next Venezuela....?

Si, senor.

[Vaduz]

US borrowing puts country on path to become Venezuela

When you reach the point of not being able to pay the debts the repo man shows up guess who he is.