OT The Usa is at its " debt ceiling "....
 

According to the News, they can borrow no more money...... Things
are going to get interesting.

OT The Usa is at its " debt ceiling "....
 

On 16/05/2011 4:52 PM, *e#c wrote:

According to the News, they can borrow no more money...... Things
are going to get interesting.

It will. In theory this is where government shuts down. But unlikely.

But so much fraud in US Fed and DC right now. But they know the hammer
is on, borrow real money at real interest rates or watch hyperinflation
go to the moon. There is already talk of how to debase the US currency
as a world reserve currency. Dollars will become pesos if that happens.

And with the IMF criminal leader charged with sexual crimes, one corrupt
banker pocket boy is down.

This is about the time the US Fed should cease lending to government and
force them to borrow at market rates. Which means a rate hike. If the
USA does not pay people to hold its money, might as well buy Yuan, more
gold or more oil.

Congress people have to decide the future of the USA, bankruptcy or cut
spending for real. No arguments about $60 billion, gone. Or a
punishing message is about to be delivered.

For example, China. China could do as Obama asks, let the dollar float.
It would float down pretty darned quick and relieve Chinese inflation.
It would also devalue US deb China holds. But here is the kick,
overnight US inflation will soar to 20+%. Maybe higher. Liquidity
markets will dry up and US will be into a wild double dip.

Chinese would find oil cheaper, US would find it more expensive.

It would not fix the US economy as Obama/Bernanke fraudsters predict as
you never invest in a depreciating loser without one hell of a good
return. Bank fraudsters ignore, why invest in USA just to see it
depreciate.

In real terms, interest rates might have to rise 10% overnight to
stabilize the US currency. If they don't, people might start using dead
presidents as toilet paper. After all, US Fed now created more new
no-value inflationary money than Americans consume in toilet paper.

Interesting times, but like a puss filled zit, the US debt is coming to
a head.

--
Take a look at ANY country, more debt is more problems. So why do we
allow our governments more debt? Selfishness, greed, denial, ignorance?

OT The Usa is at its " debt ceiling "....
 

On Mon, 16 May 2011 20:29:23 -0400, wrote:

On Mon, 16 May 2011 15:52:36 -0700 (PDT), "*e#c"
wrote:


According to the News, they can borrow no more money...... Things
are going to get interesting.

I suppose the idea of cutting spending is out of the question (maybe
cancel some unneeded defense contracts or bring the troops home from
some useless deployments) but I imagine they will just print more QE
money.

They are raiding the government pension program as a stop gap.

This is just another can being kicked down the road, more
"entitlements" that will have to be paid back with money we don't
have.

Yeah, God forbid rich people and corporation should have to pay their
fair share. God forbid the military should have to live with the same
money they're getting now for the next few years.

Get those middle-class people. They deserve to go bankrupt.

OT The Usa is at its " debt ceiling "....
 

On Tue, 17 May 2011 02:38:45 -0400, wrote:

On Mon, 16 May 2011 21:42:48 -0700, wrote:

On Mon, 16 May 2011 20:29:23 -0400, wrote:

On Mon, 16 May 2011 15:52:36 -0700 (PDT), "*e#c"
wrote:


According to the News, they can borrow no more money...... Things
are going to get interesting.

I suppose the idea of cutting spending is out of the question (maybe
cancel some unneeded defense contracts or bring the troops home from
some useless deployments) but I imagine they will just print more QE
money.

They are raiding the government pension program as a stop gap.

This is just another can being kicked down the road, more
"entitlements" that will have to be paid back with money we don't
have.

Yeah, God forbid rich people and corporation should have to pay their
fair share. God forbid the military should have to live with the same
money they're getting now for the next few years.

Get those middle-class people. They deserve to go bankrupt.

Did you actually read what I wrote?

Don't you ever feel like you're conversing with a puppet?

OT The Usa is at its " debt ceiling "....
 

On Tue, 17 May 2011 13:09:52 -0400, John H
wrote:

On Tue, 17 May 2011 02:38:45 -0400, wrote:

On Mon, 16 May 2011 21:42:48 -0700, wrote:

On Mon, 16 May 2011 20:29:23 -0400, wrote:

On Mon, 16 May 2011 15:52:36 -0700 (PDT), "*e#c"
wrote:


According to the News, they can borrow no more money...... Things
are going to get interesting.

I suppose the idea of cutting spending is out of the question (maybe
cancel some unneeded defense contracts or bring the troops home from
some useless deployments) but I imagine they will just print more QE
money.

They are raiding the government pension program as a stop gap.

This is just another can being kicked down the road, more
"entitlements" that will have to be paid back with money we don't
have.

Yeah, God forbid rich people and corporation should have to pay their
fair share. God forbid the military should have to live with the same
money they're getting now for the next few years.

Get those middle-class people. They deserve to go bankrupt.

Did you actually read what I wrote?

Don't you ever feel like you're conversing with a puppet?

Don't you ever think your racism and your lying might not be your most
attractive qualities?

OT The Usa is at its " debt ceiling "....
 

On Tue, 17 May 2011 02:38:45 -0400, wrote:

On Mon, 16 May 2011 21:42:48 -0700, wrote:

On Mon, 16 May 2011 20:29:23 -0400, wrote:

On Mon, 16 May 2011 15:52:36 -0700 (PDT), "*e#c"
wrote:


According to the News, they can borrow no more money...... Things
are going to get interesting.

I suppose the idea of cutting spending is out of the question (maybe
cancel some unneeded defense contracts or bring the troops home from
some useless deployments) but I imagine they will just print more QE
money.

They are raiding the government pension program as a stop gap.

This is just another can being kicked down the road, more
"entitlements" that will have to be paid back with money we don't
have.

Yeah, God forbid rich people and corporation should have to pay their
fair share. God forbid the military should have to live with the same
money they're getting now for the next few years.

Get those middle-class people. They deserve to go bankrupt.

Did you actually read what I wrote?

You talked about entitlements. Which ones? Sounds like you want to end
SS and/or Medicare.

OT The Usa is at its " debt ceiling "....
 

On Tue, 17 May 2011 22:15:03 -0400, wrote:

On Tue, 17 May 2011 15:54:41 -0700, wrote:

On Tue, 17 May 2011 16:16:57 -0400, wrote:

On Tue, 17 May 2011 10:18:50 -0700, wrote:

On Tue, 17 May 2011 02:38:45 -0400, wrote:

On Mon, 16 May 2011 21:42:48 -0700, wrote:

On Mon, 16 May 2011 20:29:23 -0400, wrote:

On Mon, 16 May 2011 15:52:36 -0700 (PDT), "*e#c"
wrote:


According to the News, they can borrow no more money...... Things
are going to get interesting.

I suppose the idea of cutting spending is out of the question (maybe
cancel some unneeded defense contracts or bring the troops home from
some useless deployments) but I imagine they will just print more QE
money.

They are raiding the government pension program as a stop gap.

This is just another can being kicked down the road, more
"entitlements" that will have to be paid back with money we don't
have.

Yeah, God forbid rich people and corporation should have to pay their
fair share. God forbid the military should have to live with the same
money they're getting now for the next few years.

Get those middle-class people. They deserve to go bankrupt.

Did you actually read what I wrote?

You talked about entitlements. Which ones? Sounds like you want to end
SS and/or Medicare.

Inflation is going to take care of that.
At the rate it is going, your SS will not cover your Medicare Part B.
The SS recipients are actually getting a pay cut this year.
SS is getting a 0.7% COLA and their Part B will be eating all of that
plus some.

Sure. Well, do let us know when that happens.


You may not have to wait long.

Yeah, you keep saying that. Seems similar to the billboards in the
area saying that May 21st is Judgment Day. Uh huh.