WE CAN NEVER GO BANKRUPT!
The world is awash in US dollars and can be seized or borrowed to pay our debts. No one can stop our government from doing it except the President. He has all the power in that regard. Congress surrendered their authority a long long time ago to the Fed and the Executive branch .
How else can the President spend 100 million or more a day bombing that dip shit Qaddafi or all those goat fuckers in Afghanistan, Yemen, Iraq, and any other place else he chooses without consulting or begging Congress for the money.
Read that again.
The President of the United States is a Roman Emperor in the modern world. He has 500 thousand combat troops scattered in120 countries, several thousand ships that control all of the world's shipping lanes and a satellite system that can knock an asshole off a camel from 2500 miles away.
We own the world!
That's what it means be the "only world's super power" controlling the planet's only reserve currency. All the money belongs to us or no country and it's government is allowed to survive.
Period!
Ask the Nazis, Japs, Soviets, Chicoms, camel jockeys Hussein, Mubarak, Shah of Iran, Ataturk, or Noriega, Marcos, Torrillos, Soviet Russia, several hundred Indian tribes etc. etc.
Hell it looks like we are just getting started!
All this national debt bullshit bankrupting us is politics in action. We've been handed that nonsense for the last hundred years. The sky is not falling because the U.S government borrows a couple of trillion of U.S dollars from the citizens of the world and spends it on the citizens of the world who lend it or spend back to us.
Think of it as taking money from one pocket and putting it into another. Or children borrowing from dad and still living under his roof. The money gets used to improve the family's standard of living.
What is dangerous is "printing press" money. Created out of thin air to run deficits and buy government debts because it fuels inflation. (Too many dollars chasing too few goods) This "quantitative easing" is rapidly diluting the value of the dollar and driving the price of commodities through the roof.
You aint going to like paying 10 or 12 dollars a gallon for gas on your unemployment checks a few years from now!
And it's wanton corruption in Washington from our rich elites that is putting the screws to us. Gangsters buying politicians is the problem that needs to be cured. And that aint going to happen!
So we have to maintain our Empire or else!
Because of politics we have printing press money pouring into the world's economy and causing all bad economic decisions to be cured and made to disappear. This is fueling our extreme boom and bust cycle that will get worse as trillions are created to save the world's banking system.
Does anyone really believe the Fed wanted to save Europe because they're such nice people? No! Someone has to save these sorry assholes from complete anarchy because too few of them are productive and self supporting without handouts which have crippled incentive and politically make repairing the system possible.
So Bernanke cranks up the printing presses because the world economy is everybody's economy and we can't stop the process. No matter how many Tea Party voters there are out there!
In short, enjoy the ride and plan your life. Improve your borrowing power and payoff old debts. That way bargains will fall in your lap and you'll be able maintain or improve your standard of living. Don't listen to "live debt free" advocates because you'll never be able to buy anything worthwhile as the prices will out pace your saving rate. Only pay off your debts to get more credit and die with the most toys. And don't feel guilty if you change your mind and die in debt up to your balls and the poor bankers get the shaft! LOL.
Stay tuned because it will be exciting as the voters figure out that the fix is in in Washington and their votes don't mount to shit!
With Debt Comes Interest
The world is awash in US dollars and can be seized or borrowed to pay our debts. No one can stop our government from doing it except the President. He has all the power in that regard. Congress surrendered their authority a long long time ago to the Fed and the Executive branch .
How else can the President spend 100 million or more a day bombing that dip shit Qaddafi or all those goat fuckers in Afghanistan, Yemen, Iraq, and any other place else he chooses without consulting or begging Congress for the money.
Read that again.
The President of the United States is a Roman Emperor in the modern world. He has 500 thousand combat troops scattered in120 countries, several thousand ships that control all of the world's shipping lanes and a satellite system that can knock an asshole off a camel from 2500 miles away.
We own the world!
That's what it means be the "only world's super power" controlling the planet's only reserve currency. All the money belongs to us or no country and it's government is allowed to survive.
Period!
Ask the Nazis, Japs, Soviets, Chicoms, camel jockeys Hussein, Mubarak, Shah of Iran, Ataturk, or Noriega, Marcos, Torrillos, Soviet Russia, several hundred Indian tribes etc. etc.
Hell it looks like we are just getting started!
All this national debt bullshit bankrupting us is politics in action. We've been handed that nonsense for the last hundred years. The sky is not falling because the U.S government borrows a couple of trillion of U.S dollars from the citizens of the world and spends it on the citizens of the world who lend it or spend back to us.
Think of it as taking money from one pocket and putting it into another. Or children borrowing from dad and still living under his roof. The money gets used to improve the family's standard of living.
What is dangerous is "printing press" money. Created out of thin air to run deficits and buy government debts because it fuels inflation. (Too many dollars chasing too few goods) This "quantitative easing" is rapidly diluting the value of the dollar and driving the price of commodities through the roof.
You aint going to like paying 10 or 12 dollars a gallon for gas on your unemployment checks a few years from now!
And it's wanton corruption in Washington from our rich elites that is putting the screws to us. Gangsters buying politicians is the problem that needs to be cured. And that aint going to happen!
So we have to maintain our Empire or else!
Because of politics we have printing press money pouring into the world's economy and causing all bad economic decisions to be cured and made to disappear. This is fueling our extreme boom and bust cycle that will get worse as trillions are created to save the world's banking system.
Does anyone really believe the Fed wanted to save Europe because they're such nice people? No! Someone has to save these sorry assholes from complete anarchy because too few of them are productive and self supporting without handouts which have crippled incentive and politically make repairing the system possible.
So Bernanke cranks up the printing presses because the world economy is everybody's economy and we can't stop the process. No matter how many Tea Party voters there are out there!
In short, enjoy the ride and plan your life. Improve your borrowing power and payoff old debts. That way bargains will fall in your lap and you'll be able maintain or improve your standard of living. Don't listen to "live debt free" advocates because you'll never be able to buy anything worthwhile as the prices will out pace your saving rate. Only pay off your debts to get more credit and die with the most toys. And don't feel guilty if you change your mind and die in debt up to your balls and the poor bankers get the shaft! LOL.
Stay tuned because it will be exciting as the voters figure out that the fix is in in Washington and their votes don't mount to shit!
With Debt Comes Interest
The latest informational video from Bankrupting America quantifies just how bad our debt situation is. As of 2011, our gross national debt is $14 trillion dollars, and by 2020, that number is set to balloon to $25 trillion. And, that’s not even counting all of the entitlement commitments over the next 25 or so years, which some have estimated to exceed $200 trillion.
From Bankrupting America:
It’s about to get much worse. With debt comes interest – an added fee for borrowing that money.
This year we’ll pay $200 billion in interest on the debt. In just three short years we’ll pay double ($400 billion a year by 2014). In nine, quadruple ($800 billion a year by 2020). And by the time singing sensation Justin Bieber is old enough to rent a car we’ll pay almost $1 trillion on interest payments a year.
One trillion is equal to spending a dollar every second for 32,000 years, except Washington is spending it all in one.
Currently, we take in around $2.5 trillion in tax revenue. By 2020, tax revenues are projected to be roughly $4.6 trillion. According to a recent overview from the Congressional Budget Office (CBO), “CBO projects that the government’s annual spending on net interest will more than triple between 2010 and 2020 in nominal terms.”
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