d!ckmojo
Senior Don Juan
It will be inflation. Straight default is the honest thing to do, but since when has any politician been honest. Inflation is the sneaky stealth way to raise taxes and redeem debts without having to be blunt about what you're doing. They can even use the illusion of rising asset prices to claim that the economy is recovering. But meanwhile, standards of living don't lie, and standards of living is declining, particularly for males.
The thing I find interesting is the phenomenon that, under the fractional reserve currency banking system we use, money is born into existence bearing interest from the very first minute. The implication of this seems to be to me that, if you got together aaaalllll the money in the world, collected it all up into a pile, and then tried to pay off all the outstanding debt in the world, there wouldn't be enough. i.e. there's more debt in the world than there is money to pay it off.
So, that means that the necessity for bankruptcy is built into the system, its hard-coded, there can be no other way within the bounds of the current system, except for bankruptcies to occur.
HOWEVER, what has happened is, each time a bankruptcy has been about to occur, the politicians have all got together and prevented it from happening! The only one time they let it happen was Lehman Brothers, and now they think that it was a mistake to let Lehman Brothers go bankrupt! But how stupid can they be? It wasn't a mistake to let Lehman Bros go bankrupt, it was a mistake to prevent all the previous (and subsequent) bankruptcies in the first place.
Because the necessity for bankruptcy is built into the system, its an inherent property of the fractional reserve banking system. So by bailing out companies and preventing bankruptcies from occurring, all they've done is delayed the Day of Reckoning, and made it so that when they finally DO have to pay the piper, it will be all the more devastating and destructive.
Because all they really did is transfer the bad debts from private balance sheets (i.e. the banks) onto public balance sheets (i.e. the State), because they thought "oh, we can't let the banks fail", except now, who's going to fail? The entire fvcking State!
But its an obvious flaw in the system, Someone has to go bankrupt! I can't believe they didn't see it! Are politicians really so stupid?
The thing I find interesting is the phenomenon that, under the fractional reserve currency banking system we use, money is born into existence bearing interest from the very first minute. The implication of this seems to be to me that, if you got together aaaalllll the money in the world, collected it all up into a pile, and then tried to pay off all the outstanding debt in the world, there wouldn't be enough. i.e. there's more debt in the world than there is money to pay it off.
So, that means that the necessity for bankruptcy is built into the system, its hard-coded, there can be no other way within the bounds of the current system, except for bankruptcies to occur.
HOWEVER, what has happened is, each time a bankruptcy has been about to occur, the politicians have all got together and prevented it from happening! The only one time they let it happen was Lehman Brothers, and now they think that it was a mistake to let Lehman Brothers go bankrupt! But how stupid can they be? It wasn't a mistake to let Lehman Bros go bankrupt, it was a mistake to prevent all the previous (and subsequent) bankruptcies in the first place.
Because the necessity for bankruptcy is built into the system, its an inherent property of the fractional reserve banking system. So by bailing out companies and preventing bankruptcies from occurring, all they've done is delayed the Day of Reckoning, and made it so that when they finally DO have to pay the piper, it will be all the more devastating and destructive.
Because all they really did is transfer the bad debts from private balance sheets (i.e. the banks) onto public balance sheets (i.e. the State), because they thought "oh, we can't let the banks fail", except now, who's going to fail? The entire fvcking State!
But its an obvious flaw in the system, Someone has to go bankrupt! I can't believe they didn't see it! Are politicians really so stupid?
No jobs, they'd go home. Any of them caught here 30 days later, tattoo "ILLEGAL' on their foreheads, in BIG letters, break both their knees with a hammer, and toss them back into their country of origin, NOT just Mexico, either. SEE if any of them want to stay here THEN. this is what ANY OTHER COUNTRY IN THE WORLD WOULD DO, if they were being invaded by 1 million illegals each year!