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Canuck57[_9_]

On 18/02/2011 10:26 AM, wrote:
On Fri, 18 Feb 2011 09:00:23 -0800, wrote:

You think using a majority to supress the people and
votes of the opposition is fair play?

Oh like the 111th congress? You folks said the republicans should suck
it up and go along. When they didn't you said they were
obstructionists.
Aren't the Wisconsin democrats shutting down the government?
Where is your outrage?
I wonder what their constitution says about legislators who abandon
their jobs? Perhaps the governor can simply replace them. In real
life, I imagine all they have to do is walk through and spit in the
lobby to demonstrate that they are still working.

We are going to be entering uncharted territory though. Nobody really
knows what happens when a state files for bankruptcy. How do they
discharge their debts when they don't have the money and they can't
just print it like the federal government does. Will they try to print
some kind of scrip and see if people would take it? Are they just
going to tell their debtors to sue them?

We better get used to questions like this because the whole country
has a "Greece" moment coming. I doubt our protests will be as peaceful
as Egypt or even Greece. It might be more like Warsaw 1944 except the
populace is better armed. ;-)

Unlikely USA will be quite like Greece. US will have a failing
currency, rapid inflation as the USD is debased as a worlds reserve.
Already happening really, as this week I saw the highest spread between
WTI and Brent prices I have ever seen. Which indicates the USD is
loosing its world reserve currency status.

Chinese are significantly reducing their USD held debt. DC is basically
borrowing its own money in a ponzi scheme. Create $600 billion in
bonds, then US Fed buys them as no one else will. I can assure you that
that will eventually lead to the destruction of the USD as a currency.

And I hear Obama be out of money in March. Best thing Congress can do
is let everyone's DC check bounce for a month or two, to send a message.
I mean this seriously. As DC liberals are delinquent debtors out of
control.

--
Socialism is a great ideal as long as someone else pays for it. And when
no one is left to pay for it, they all can share nothing.