Then the CFR will finally have a world currency with which they can dictate world policy.
Bitcoin?
Isn't that our end game?
Topic: Those fuckers! Fiscal Cliff Rolled Back! - page 3. (Read 5797 times)
Bitcoin?
Isn't that our end game?
Can't US.gov just declare bankruptcy already, shut down and liquidate to pay back everyone already?
You dont understand the monetary system. It is not possible to pay everyone back. ALL of our money, 100% of it, every single dollar in existence, was loaned to us, with interest. If we paid back every dollar ever loaned to us, how would we pay back the interest?
Nah bro, YOU don't understand the monetary system. There is no interest owed on the treasuries that are held by the Federal Reserve. You are repeating disinformation of Edward G Griffin who spins his silly little misinformations, probably because he doesn't think you are smart enough to see what is wrong with The Fed as is. So he couches it in dumbed down terms and just makes stuff up, like "all the money is loan into existence." It isn't. Get your facts straight.
People who actually understand the system, like me, cringe every time some one repeats this falsehood. Stop making me cringe. The national debt can totally be paid off.
As long as the USD is the World Currency the FED will just keep printing it.
And as long as the media shoves microphones and cameras in politicians faces they will bask in the warm glow of the kleig lights as they blame the other party for all the woes of the american economy.
Meanwhile this is all playing out according to the Council on Foreign Relations plan.
The US economy will eventually collapse. The Eurozone will eventually collapse.
Then the CFR will finally have a world currency with which they can dictate world policy.
And as long as the media shoves microphones and cameras in politicians faces they will bask in the warm glow of the kleig lights as they blame the other party for all the woes of the american economy.
Meanwhile this is all playing out according to the Council on Foreign Relations plan.
The US economy will eventually collapse. The Eurozone will eventually collapse.
Then the CFR will finally have a world currency with which they can dictate world policy.
Agreed. Just gotta get those pesky guns out of our hands. It's so much easier to oppress an unarmed peoples.
Then the CFR will finally have a world currency with which they can dictate world policy.
Bitcoin?
How about some nice SDRs?
Then the CFR will finally have a world currency with which they can dictate world policy.
Bitcoin?
As long as the USD is the World Currency the FED will just keep printing it.
And as long as the media shoves microphones and cameras in politicians faces they will bask in the warm glow of the kleig lights as they blame the other party for all the woes of the american economy.
Meanwhile this is all playing out according to the Council on Foreign Relations plan.
The US economy will eventually collapse. The Eurozone will eventually collapse.
Then the CFR will finally have a world currency with which they can dictate world policy.
And as long as the media shoves microphones and cameras in politicians faces they will bask in the warm glow of the kleig lights as they blame the other party for all the woes of the american economy.
Meanwhile this is all playing out according to the Council on Foreign Relations plan.
The US economy will eventually collapse. The Eurozone will eventually collapse.
Then the CFR will finally have a world currency with which they can dictate world policy.
...and when the system is reset faith in the USD will be destroyed...enter AMERO!
Can't US.gov just declare bankruptcy already, shut down and liquidate to pay back everyone already?
You dont understand the monetary system. It is not possible to pay everyone back. ALL of our money, 100% of it, every single dollar in existence, was loaned to us, with interest. If we paid back every dollar ever loaned to us, how would we pay back the interest?
Yep, this highlights the major flaw in our monetary system. The problem that [P < P + I] (P = Principle I = Interest) - this is the math of a debt based monetary system.
That said, bankruptcy is probably the best option. Just shutter everything, sell off the assets, and tell whoever doesn't get paid back to go pound sand.
I agree, we are too far gone at this point. We need to reset the system and flush all the bad debt out of the markets.
Can't US.gov just declare bankruptcy already, shut down and liquidate to pay back everyone already?
You dont understand the monetary system. It is not possible to pay everyone back. ALL of our money, 100% of it, every single dollar in existence, was loaned to us, with interest. If we paid back every dollar ever loaned to us, how would we pay back the interest?
Yep, this highlights the major flaw in our monetary system. The problem that [P < P + I] (P = Principle I = Interest) - this is the math of a debt based monetary system.
That said, bankruptcy is probably the best option. Just shutter everything, sell off the assets, and tell whoever doesn't get paid back to go pound sand.
Can't US.gov just declare bankruptcy already, shut down and liquidate to pay back everyone already?
You dont understand the monetary system. It is not possible to pay everyone back. ALL of our money, 100% of it, every single dollar in existence, was loaned to us, with interest. If we paid back every dollar ever loaned to us, how would we pay back the interest?
Yep, this highlights the major flaw in our monetary system. The problem that [P < P + I] (P = Principle I = Interest) - this is the math of a debt based monetary system.
How the hell do they do it and get away with it so easily?
Simple. They have a "job" that only comes up for "review" once every two, four, or six years (for Congress, President, and Senate, respectively) and their accountability is limited to either being retained or not according to how the great swarming mass of people vote. If they fail the "review", they simply move into a cushy lobbyist or corporate position, and if they pass, they continue feathering their nest for another 2, 4, or 6 years.The system is the scam of the millennium, and such results are anything but "unexpected".
This. We need term limits and knowledgeable voters. I know, too much to ask for.
The incentives are all wrong. Every voter knows that their vote, individually, means next to nothing. Since their decision is practically meaningless, there's no incentive to make sure that decision is well-informed.
This, and there's enough misinformation spread by the various media organizations that voters can just sort of pick one and adopt their opinions from it. Which allows them to appear like they're informed and politically active, while saving them from doing any actual research themselves.
How the hell do they do it and get away with it so easily?
Simple. They have a "job" that only comes up for "review" once every two, four, or six years (for Congress, President, and Senate, respectively) and their accountability is limited to either being retained or not according to how the great swarming mass of people vote. If they fail the "review", they simply move into a cushy lobbyist or corporate position, and if they pass, they continue feathering their nest for another 2, 4, or 6 years.The system is the scam of the millennium, and such results are anything but "unexpected".
This. We need term limits and knowledgeable voters. I know, too much to ask for.
The incentives are all wrong. Every voter knows that their vote, individually, means next to nothing. Since their decision is practically meaningless, there's no incentive to make sure that decision is well-informed.
You expected a different result? Anyway, this is good news. Anything they might have done would have only delayed this moment, which is inevitable. At least now something real is going to happen -- there will be actual deficit reduction, government spending will be reduced, and people will start paying more of the cost their government entitlements.
>You expected a different result?
I did honestly, I thought they would pass some half-ass measure allowing us to limp on a little further whilst saving them face. However, just because that's what I expected doesn't mean I'm surprised by this result either.
It has to pass the House next. I am hopeful that some of this garbage will be stripped and rewritten but hope springs eternal.
$1 in cuts per $41 in tax increases??
You expected a different result? Anyway, this is good news. Anything they might have done would have only delayed this moment, which is inevitable. At least now something real is going to happen -- there will be actual deficit reduction, government spending will be reduced, and people will start paying more of the cost their government entitlements.
>You expected a different result?
I did honestly, I thought they would pass some half-ass measure allowing us to limp on a little further whilst saving them face. However, just because that's what I expected doesn't mean I'm surprised by this result either.
Looks like just more of the same garbage from the one party US system. Loot the "rich", pilfer the bodies of the dead, give some scraps to the lazy and ignore everything inconvenient. The rich will shelter their funds or leave as ever and the poor and lazy will give back all they've been given and more through the inflation tax. The ruling class will pat themselves on the back, give themselves a raise and in a couple months we'll rinse and repeat.
Can't US.gov just declare bankruptcy already, shut down and liquidate to pay back everyone already?
You dont understand the monetary system. It is not possible to pay everyone back. ALL of our money, 100% of it, every single dollar in existence, was loaned to us, with interest. If we paid back every dollar ever loaned to us, how would we pay back the interest?
How the hell do they do it and get away with it so easily?
Simple. They have a "job" that only comes up for "review" once every two, four, or six years (for Congress, President, and Senate, respectively) and their accountability is limited to either being retained or not according to how the great swarming mass of people vote. If they fail the "review", they simply move into a cushy lobbyist or corporate position, and if they pass, they continue feathering their nest for another 2, 4, or 6 years.The system is the scam of the millennium, and such results are anything but "unexpected".
This. We need term limits and knowledgeable voters. I know, too much to ask for.
Can't US.gov just declare bankruptcy already, shut down and liquidate to pay back everyone already?
That would mean admitting that they were wrong, which no mainstream politician ever seems to be able to do.
Can't US.gov just declare bankruptcy already, shut down and liquidate to pay back everyone already?
Speaking of economics and cliffs, this seems relevant:
Quote
benjamindees 3 years ago
"If it were unprofitable to drive off that cliff, we will be able to stop before we get there."
*jams accelerator*
*jumps out of car*
"If it were unprofitable to drive off that cliff, we will be able to stop before we get there."
*jams accelerator*
*jumps out of car*
How the hell do they do it and get away with it so easily?
Simple. They have a "job" that only comes up for "review" once every two, four, or six years (for Congress, President, and Senate, respectively) and their accountability is limited to either being retained or not according to how the great swarming mass of people vote. If they fail the "review", they simply move into a cushy lobbyist or corporate position, and if they pass, they continue feathering their nest for another 2, 4, or 6 years.The system is the scam of the millennium, and such results are anything but "unexpected".
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