And the band plays on. How can they say there is an economic recovery while many countries, including the USA, print and spend trillions of dollars of fiat money?
Good thing I have a woodstove. I figure it will take about 5 cords of $100 bills to heat my home in the winter.
"White House economic adviser Austan Goolsbee warned yesterday that it would be 'catastrophic' if the U.S. Government were to default on its financial obligations."
Why weren't they similarly alarmed when the debt increased by $1 Trillion in a mere seven months?!
I remember being aghast when Bush 41 proposed a $1 Trillion dollar annual *budget* for the first time in US history. Now, they run up that much *debt* in half a year. ;^(
Ron wrote: Good thing I have a woodstove. I figure it will take about 5 cords of $100 bills to heat my home in the winter.
(Scratches head) But wouldn't $1 bills do just as well? It might take a cord of $100 bills to buy a loaf of bread but even with inflation a $100 bill ought to still buy 100 1's.
If our inherent natural, civil, constitutional and human rights are fictional according to them, maybe the debt is too. They can just "fiat" it out of existence. They did it for much of the Third World to whom they loaned billions and who now hate us. Only problem is, will China, who holds the paper, pretend along with them?
When the Guberment defaults on it´s debts (note not if)I hope ya´ll are ready for the fecal matter to hit the fan cause the Looting ,etc. that ya saw on the Boob Tube is nothing compared to to what will happen when the welfare checks don´t get mailed out and the Food Stamp Card don´t function at the grocery store. And those nice Federal Law Enforcement and the State and Local guys too don´t get their Pay Checks you will be on your own.
So you and your Tribe(militia)will be all that stands between what you have and what They want. And all them dollar bills won´t be worth much of nothing in any denomination.
7 comments:
So the proposed solution is not to stop spending money on unconstitutional programs, but to raise the debt ceiling. That's insanity.
And the band plays on. How can they say there is an economic recovery while many countries, including the USA, print and spend trillions of dollars of fiat money?
Good thing I have a woodstove. I figure it will take about 5 cords of $100 bills to heat my home in the winter.
Think we'll be up for a Guinness record book nomination?
"White House economic adviser Austan Goolsbee warned yesterday that it would be 'catastrophic' if the U.S. Government were to default on its financial obligations."
Why weren't they similarly alarmed when the debt increased by $1 Trillion in a mere seven months?!
I remember being aghast when Bush 41 proposed a $1 Trillion dollar annual *budget* for the first time in US history. Now, they run up that much *debt* in half a year. ;^(
MALTHUS
Ron wrote:
Good thing I have a woodstove. I figure it will take about 5 cords of $100 bills to heat my home in the winter.
(Scratches head) But wouldn't $1 bills do just as well? It might take a cord of $100 bills to buy a loaf of bread but even with inflation a $100 bill ought to still buy 100 1's.
And how much would a cord of bills be anyhow?
Bad Cyborg X
If our inherent natural, civil, constitutional and human rights are fictional according to them, maybe the debt is too. They can just "fiat" it out of existence. They did it for much of the Third World to whom they loaned billions and who now hate us.
Only problem is, will China, who holds the paper, pretend along with them?
When the Guberment defaults on it´s debts (note not if)I hope ya´ll are ready for the fecal matter to hit the fan cause the Looting ,etc. that ya saw on the Boob Tube is nothing compared to to what will happen when the welfare checks don´t get mailed out and the Food Stamp Card don´t function at the grocery store. And those nice Federal Law Enforcement and the State and Local guys too don´t get their Pay Checks you will be on your own.
So you and your Tribe(militia)will be all that stands between what you have and what They want.
And all them dollar bills won´t be worth much of nothing in any denomination.
Dennis
III
Texas
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