Time to Reduce Debt

[libertad]

Quote from thriftybob:

Watch what the elephants DO, not what they say or don't say.

The elephants, are of course the Federal Govt and Fed, both hopelessly buried in the results of 75 or so years of Keynesian economics. We will soon live in its wake.

The government and Fed are leveraging up with wild abandon trying to create a new bubble to kick the depression can down the road one more time. It remains to be seen whether the rest of the world will play along one more round, or at what point they pull the plug on our simply unimaginable amount of debt.

IMO, it was just a bad experiment that lasted only 75 years, but a few gallons as compared to an ocean of time. I wonder what the new economics will be called?

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The REAL problem with ECONOMICS is that the data base is never complete....nor is the inquiry....

And if there was a remedy....would/could it be implemented....

I am certain that a 10/5 C tax only would be light years ahead of what's in place now....

But the polys live on populism only....

 

[Bigpipn]

Quote from spades434:

I agree about the perception of gov't "intentionally" trying to bring down the entire system. Just do the math. We have less and less people working, and exploding national debt. The credit card is maxed out, and now they're just playing the game of rolling balances. I think this is why the Dems are so set on doing whatever the hell they want right now, cuz they know the day of reckoning is near. They're all trying to get what they can, while they can.

Here's what I've been pondering. The FED is made up of a group of world banks. Right now, it's the FED that is buying up the MBS, preventing the housing market from collapsing to affordable levels. The FED also holds a tremendous amount of gov't debt. If the US defaults, can the FED ( and that group of banks) step in and demand assets in return for the debt? Meaning, can they essentially do away with the current political system and institute the elusive NWO? And if the US defaults, could the FED step in and take over all pension, retirement,401K accounts in a mass seizure of assets because of debt default?...it's crazy, I know. Just asking.

And regarding the flat tax, the simple fact that it would cut the size of gov't makes it an impossible reality. For me, it would make sense. The more money you spend, the more tax you pay..period.

Yes it can and will. That's the only way this will end. We no longer respect the law of the land.

Anything that makes sense throw it out the window when you're talking about government.

Don't forget, we're dealing with blood-sucking attorneys here. The entire system [the massive debt] needs to implode so we can rebuild this right.

 

[libertad]

Quote from Bigpipn:

Yes it can and will. That's the only way this will end. We no longer respect the law of the land.

Anything that makes sense throw it out the window when you're talking about government.

Don't forget, we're dealing with blood-sucking attorneys here. The entire system [the massive debt] needs to implode so we can rebuild this right.

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Debt implosion....and tax restructure....

Are on the mark....

Past time to hit the reset button....


One would think that the polys would change course when there is literally not enough money in the world to support their idea of a solution....


And....what happens to all valuations when 0% is lifted ????

All risk types are being overpriced....when 0% is govt. enforced....

How stupid can buyers be ??????

 

[IanMacQuaide]

Quote from Scataphagos:

It seems ever more likely that they are INTENTIONALLY piling on the debt and government burden... THEY WANT TO COLLAPSE THE US CAPITALISTIC ECONOMY.. so that they can institute a new social and economic system in the US... a very government-centric, Socialist one.

The key word is "GLOBALISM".

Here's a VERY good article on it from Janet Daley.

""The dangerous idea that the democratic accountability of national governments should simply be dispensed with in favour of "global agreements" reached after closed negotiations between world leaders never, so far as I recall, entered into the arena of public discussion. Except in the United States, where it became a very contentious talking point, the US still holding firmly to the 18th-century idea that power should lie with the will of the people.""

The last statement is an outright fabrication due to us ceding all power to the Marxist Triumvirate of Obama Reid Pelosi, but the rest of the article is quite on point.

http://www.telegraph.co.uk/comment/...ere-to-run-from-the-new-world-government.html

 

[libertad]

Quote from IanMacQuaide:

The key word is "GLOBALISM".

Here's a VERY good article on it from Janet Daley.

""The dangerous idea that the democratic accountability of national governments should simply be dispensed with in favour of "global agreements" reached after closed negotiations between world leaders never, so far as I recall, entered into the arena of public discussion. Except in the United States, where it became a very contentious talking point, the US still holding firmly to the 18th-century idea that power should lie with the will of the people.""

The last statement is an outright fabrication due to us ceding all power to the Marxist Triumvirate of Obama Reid Pelosi, but the rest of the article is quite on point.

http://www.telegraph.co.uk/comment/...ere-to-run-from-the-new-world-government.html

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What is particularly telling is that everyone in the photo ....

Are not qualified to run a kool aid stand....review the wiki bios....this is no joke....

They are populists....lawyers....nobody from the REAL world....

I think it is time to snuff out the IMF....

They seem to be the center....of the nonsense....THEY need to become quickly irrelevant....