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Sweet (Or Sour) Dreams, America
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Still cant believe it... (fucked)
All this talk of debt being passed on, bla, bla, bla. To whom are we paying it back to? The fuckers printing money and then charging us interest? The guilty countries swapping currency back and forth while they play the same game? I know! We grow a pair of balls and say, "Uh, nope. Don't feel like paying it back."
Ohh, we can't do that! Really? Why? Ask Iceland how that turned out for them. (Spoiler: really well and no one got shot.).
Boston fucking tea party folks. They are most afraid of us waking up one day and realizing we owe them NOTHING.
Agreed. When the banks get free money from the Treasury to lend out to us at 4.5%-29% we are essentially funding our own slavery.
We need to do a collective "Ooops, don't have it, go fuck yourself."
When we all can do that, the jig will be up for the banking cabal.
This is what Greece is doing right now.
That's the problem Eb. Only way to do this is en masse like a stampede. Otherwise it is just too easy to pick off the few that defy. They are simply used as examples to scare the rest into submission. I'm just as guilty as anyone else. Too caught up in day to day survival to fight for the cause.
But if it ever were to become really worth it...
Miffed;-)
It's Bushes fault.
Actually, it's Woodrow Wilson's fault. After all it was he who set up the debasement of our money system with the signing of the federal reserve act in 1914. Every single congress and president since then has just gone along with it.
Actually, it's Woodrow Wilson's fault. After all it was he who set up the debasement of our money system with the signing of the federal reserve act in 1914. Every single congress and president since then has just gone along with it.
the worst part is that the game is pay to play. I get denied for simple credit cards because Ive never relied on debt, despite having individual savings and income above even the household figures, in addition to no missed payments on anything ever.
Good fucking luck if you think you can abstain from the game and live without debt in the US.
We don't like your type around here. Its downright unAmerican.
I already have a handbasket for the ride.
When Obama says "you will owe $20 trillion in the end", one has to consider the age of the child and the fact that we are almost there lready.
Therefore what Obama means is that by the time the child reaches adulthood ITS share of the debt will be $20 triilion.
Noone owes anything, its all just fiction..
As soon enough people realize that, there will be no more debt. But maybe we´ll have chaos instead.
My bet is on chaos. Want to know how fragile our system is? People who can afford to pay their FRN denominated debts wouldn't even have to stop paying. All that would be necessary to grind things to a halt is for those who cannot afford to pay the bankers is to insist that their right to due process is given to them by responding to the complaints when they get sued. It would so severely slow down the legal process by overwhelming the courts that the banks would find that they have very little recoruse when people default simply because of the sheer volume of shit that they are hoovering up. When you're stealing everything that isn't nailed down, and taking a crow bar to shit that is nailed down, you don't exactly have time for due dilligence.
Sued? I haven't observed a financial contract in years that didn't require binding arbitration, non-disclosure agreements, and non-disparagment clauses.
I've been sued by a TBTF bank. They don't have mandatory arbitration in their contracts, just the option for arbitration. The two arbitration services that they use are JAMS and AAA - The American Arbitration Association. They had another, but it was found out that they colluded with the banks and shafted consumers, so that got nixed. The thing about AAA and expecially JAMS is that they are very, very expensive for the banks. If you're getting sued for under $10k, electing arbitration is often enough to get the banks to drop the lawsuit all together. I watched it happen several times when I was getting sued, though I beat the fuckers outright. They've actually been removing the arbitration clauses from many of their agreements because of this, or at least they were a couple of years ago. When the banks will elect for arbitration is when you are suing them and you have their business practices in your sights.
When was the last time it actually mattered what was written in a contract?? Arbitrage, NDA, and all the other crap that has made contracts 2 volumes instead of two pages isn't worth the ink on the paper, ask any attorney (if you can find one) that had any integrity left.
It's all about integrity, of which there has been a rapidly diminishing supply thereof.....
Screwed, blued and tatooed folks, yakking about it doesn't seem to be helping.
Ever increasing debt, both public and private, is a feature of the system, not a flaw in our fiscal policy. Once people understand that, they will understand that balancing the federal budget is a joke used to rile up political bases and not a serious proposition.
Correct, and the banksters and politicians have absolutely zero interest in paying down/off the National Debt, because for governments and banksters debt is money, bitchez........
Ever-increasing debt would be a flaw if we had an otherwise sane fiscal policy. It's not a flaw in an insane fiscal policy.
When debt is money, you can't grow the money supply without increasing debt. It's axiomatic. Therefore, we can be assured that not only will we never pay off the debt, we can also be assured that the deficits will also continue to increase.
Clinton and Rubin bought a little time in the mid-90s by reducing bank reserve requirements from ~7% to basically 0%. That allowed them to reduce the deficit somewhat, for a short time. But that card has been played. Now we must continue to increase deficits in perpetuity.
This is why it is absurd to consider the idea that interest rates are ever going up again-- that would crash the system immediately by making the interest load unsustainable. Instead, interest rates will be driven below zero-- that will also crash the system, just somewhat more slowly.
We're in the end game now. The government debt crisis will begin in earnest this October. Money will pour out of bonds into the stock markets, and governments will become even more psychotic as they begin to lose their funding base. Hang on, it's gonna get sporty!
It's gonna be interesting.
There was a guy last week who was begging for some change. I told him that Obama gave you change. Now you just have to wait for hope. He seemed dissatisfied with my answer.
That's a perfect story if the guy begging for change also voted for Obama....
Funny thing about that is the guy actually laughed. At least he still has a sense of humor. And he is going to need it to get him through his hope seeking.
There's been a lot more of that sort of thing going on where I live, lots of people staked out at exit ramps with signs wanting money. Some of it has been exposed as a racket too.
If really want to stick it to Ozero voters find one who has a his bumper sticker on their car. When they walk up to enter their car go up to them and say, "excuse me. I hate to inform you but someone has vandalized your vehicle by putting this sticker on your car. Just thought you'd like to know."
Rule # 1) Never, ever post .... after someone has posted a great joke !
20 Trillion, I will write a check right now.
Why bother, just mint 20 one trillion platinum coins and be done with it.
As I remember it, the last Speaker of the House who correctly talked about this, Tom Foley, last his seat in the next election.
And we owed it to ourselves .... ever after ! The End
The problem with "owing it to ourselves" is that's exactly whom we're going to default on.
Just lop a zero after every debt and go from there....easy peazy
Jubilee, it was good enough for the old gods...
The current green eyed monster god seems to think otherwise based on the legislation he's purchased.
This is what civilizations look like in their final phase, corruption is endemic.
It is the Age of Decadence where everyone has their snouts in the trough trying to get something for nothing.
http://www.rexresearch.com/glubb/glubb-empire.pdf
The bankers who get unconditional bailouts.
The politicians who feast on expenses.
The businessmen who play the global tax system to avoid tax.
The poor who cheat the benefits system.
Corruption is endemic from top to bottom.
It is the end of days.
Suck it up Batman. It's for the children........
Should there be a rapid or sudden collapse, it will be imperative for the first several weeks to hunker down and maintain as low a profile as possible. There will likely be a broad absence of any type of law enforcement activity or presence as those individuals will be seeking to protect their own. Any sudden crisis will likely transpire as a "grid down" blackout type event, possibly preceded by Emergency Broadcast transmissions via radio and television.
Anybody moving around after that point may be deemed a target or threat by opportunistic or paranoid individuals. Society appears to already be on edge and many people are expressing hair-trigger tempers and disproportionate acts of rage. Just imagine what will happen during a national emergency.
The violence and aggression will be epic during the first couple of weeks.
Legal avoidance of tax is a saintly, even holy, undertaking that is as old as dirt. Perhaps you are of the opinion that all taxes are wise and measured efforts to fund the noble activities of government and the wages, benefits, and perks of our public servants and disinterested political leaders.
The president's in a Ramirez cartoon again eh? I thought it was the bankers that were behind most of this mal-governance and the resulting crony debts via electoral engineering with speech money. We can blame the paid political class clowns, but will it do any good? I think these cartoons being overly focused on Obama for generalized financial criticism may be supportive of ignorance rather than alleviating it.
But he *is* the symbol of the conspiracy; he's made his deal with the devil and being rediculed is just another part of the job. In return he gets fabulous, wealth, vacations, travel and all the perks of being "The One."
He's just the hand of the larger zombie, shooting a zombie in the hand does nothing useful.
"Hopium"....when left to fester in the brain-pans of Amerikwans, tends to develop a toxicity akin to an abscess in the mouth.
If caught in time....some patients can be cured with a healthy dose of the truth.
The rest will undoubtedly require some type of metallic "jacketed" kind of cure
How do 'you' -- i.e. the younger generation -- spell
D E B T - R E P U D I A T I O N ?
p.s. If the so-called "Greatest Generation" spawned the Most Selfish Generation, then how "great" were they at what really matters: Parenting?
They meekly submitted to the socialist revolution and upending of the Constitution in the '30s then compounded their flaccid view of citizenship by giving their vigorous stamp of approval to the welfare state (and attendant devastation and insanity), turning their own country over to minorities and contemptuous foreigners, and doing all in their power to send their precious manufacturing capacity to the shores of a communist dictatorship that is, at best, a "strategic competitor."
We should change that from Greatest Generation to Most Contemptible Generation.
Actually, if there is one single cause of this debt it was LBJ with his Great Soceity Programs while pissing away wealth in Vietnam followed by Nixon's Repudiation of the Gold Standard. This last removed any anchor against printing that may have held down the currency tidal wave that followed. After all, politicians can't fullfill promises that can't be funded.
You will owe over $20 trillion
Now that's a fairy tale. US debts and unfunded liabilities will be well over $260 trillion per Kotlikoff when Obama finishes his presidency. That's only $2,121,000 per taxpayer.
http://www.realclearpolicy.com/blog/2012/12/01/economist_laurence_kotlik...
The other night I had the most insane stupid conversation with this liberal woman who was trying to debate with me what is truth. I learned very quickly to end this conversation as I would have started to turn into a fool like her. I just looked at her husband and shook my head. All I could think of is how screwed he is and how whipped he must be.
Hayek had a chapter is his book The Road to Serfdom called the end of truth. Re-read it again this morning just shaking my head at how if people actually read about history and TRUTH, that so much suffering of people could be avoided by limiting government involvement in the affairs of business.
There was a country once that believed in that concept. Anyone here remember it's name??? I'm drawing a blank.
This liberal woman's name was likely Hilarity Clinton. Fits your description of her as well as her husband, who is pretty whipped but does get a lot of action.
She has a snooty name, Suzanne. She is literally cray cray. She sucks down alcohol like it was white wine.
http://www.dailymail.co.uk/health/article-2886075/Why-DOES-white-wine-se...
This is the same person I had a conversation with about marriage a year ago and she flipped out literally when I said that marriage is the definition of the joining of a man and a woman in matrimony, usually for the purpose of creating a family.
That it was an institution meant for the raising of children, that it was a commitment between a man and a woman that in good times and bad that their love for each other kept them together because their children were their representation of their love for each other.
Don't know how that could make someone so upset, especially a woman.
Why she might be upset?
Dude or Dudette (Shitgum Suicide) was it perhaps the United States of America?
Dimm Econ- you know that sounds familiar. When I was born I was told I lived there but I found out later that it was a lie. From what I've read it seem like I live in some form of a slave state, both in capacity and nationally.
Oh and it's dude, dudester or your dudeness if you're not into the whole brevity thing.
Ruritania maybe?
Hayek Road to Serfdom a good read. Met him in 1977 at Hillsdale college.
That entire book can be viewed in modern times as well as the past. The chapters on the totalitarian in our midst or economic control and totalitarianism and the one of the best is why the worst get on top.
If peoe would just be honest with themselves about what they know to be true rather than what they want to be true most of this shit would cease to exist.
Try telling a squirrel it's not fair he has more nuts that the other squirrels who sat on his ass and enjoyed the sun and he has to give half of his nuts to the others cuz it's social justice. Little bugger, and rightfully so, would bite your face off.
Back in the early 70s I was taught that - truth is that which does not change. Have used it successfully in similar situations. And if the other stops for a moment and considers this - and has any neurons firing at that moment, the subject usually changes.
Anyone who claims that their current debts will be paid off by "future generations", or "taxpayers", "our grandchildren", "the Tooth Fairy", whatever, should be laughed at. Longly and loudly.
And anyone buying 'investment vehicles' that depend on something like that happening deserve to lose their shirts. Because your grandchildren AREN'T going to carry your debt loads. They won't even take them off your hands. THEY will drive on, in some new direction you will never get to see, and leave your sorry ass sitting there holding your precious 'debt obligations' that mean nothing to anyone anymore.
USA will pay debt to other countries for 100+ years...
I think it was Murray Rothbard who observed that it is immoral to welch on private debt but not on public debt. People who buy government bonds are relying on the coercive power of govrnment to extract interest and principal payments from taxpayers, qne have no moral claim to repayment.
yeah tell them young people.. your the ones they're screwing, you better start paying attention.
as in put down the damn phones, and start reading..
What an extraordinary suggestion.
i know how much i miss the old America.. all that stuff about Freedom and Due Process... sure do wish it could live on for Future Generations.
You must not understand that progressives (a/k/a communists, socialists, statists, and fluttery liberals) have a superior vision of the future. They can see where we can't. Freedom to not buy into their vision and due process in the legal realm are so, like, yesterday.
This was all foretold by one of our greatest founding fathers Ben Franklin. And to get conspiratorial for you he wrote this on 9/11/1773. as you read t you will be slack jawed.
XI. To make your Taxes more odious, and more likely to procure Resistance, send from the Capital a Board of Officers to superintend the Collection, composed of the most indiscreet, ill-bred and insolent you can find. Let these have large Salaries out of the extorted Revenue, and live in open grating Luxury upon the Sweat and Blood of the Industrious, whom they are to worry continually with groundless and expensive Prosecutions before the above-mentioned arbitrary Revenue-Judges, all at the Cost of the Party prosecuted tho’ acquitted, because the King is to pay no Costs. Let these Men by your Order be exempted from all the common Taxes and Burthens of the Province, though they and their Property are protected by its Laws. If any Revenue Officers are suspected of the least Tenderness for the People, discard them.2 If others are justly complained of, protect and reward them. If any of the Under-officers behave so as to provoke the People to drub them, promote those to better Offices: This will encourage others to procure for themselves such profitable Drubbings, by multiplying and enlarging such Provocations, and all with work towards the End you aim at.
XII. Another Way to make your Tax odious, is to misapply the Produce of it. If it was originally appropriated for the Defence of the Provinces and the better Support of Government, and the Administration of Justice where it may be necessary, then apply none of it to that Defence, but bestow it where it is not necessary, in augmented Salaries or Pensions to every Governor who has distinguished himself by his Enmity to the People, and by calumniating them to their Sovereign. This will make them pay it more unwillingly, and be more apt to quarrel with those that collect it, and those that imposed it, who will quarrel again with them, and all shall contribute to your main Purpose of making them weary of your Government.
http://founders.archives.gov/documents/Franklin/01-20-02-0213
Edit: BTW He was writing from the perspective as a warning from those that behave in the way he was describing. It was not an endorsement.
Incredible how farsighted the "forefathers" were, that said they were totally surrounded by the King's nonsense, but wait that's not it either as we are totally surrounded by the King's nonsense. Then I ask, just what is the difference between then and now, eh? And that's the answer to our dilemma....
keep kicking the can until the end
Can never be repaid, cause they only create the principal not the interest, sooo 100 years of compounding leaves nothing but the huge fucking black hole that the worlds econ. is being sucked into. Repaid ?
With what ? Lets just hope they take barter. So sorry Mr. Yellen no cash, would you be intrested in a slightly use class m planet instead ? fucking A ! Nail it down with a trekie/black hole reference. I will just +1000 myself now.
$20 Trillion will be $10 Million in today dollars in a couple more years.
Who owes what to whom?
Just double-checked, and, as expected, my name is not "United States of America." Call whoever that is, and ask them for payment.
As for these so-called fiat-loans you made me, I just found out that you actually stole the loot you loaned me, from me, and my neighbors, so find a breeze, and get in it.
The banksters need to repay us.
AKs, ARs, and Glocks are for payment of all fiat-debts, "public and private."
Lord Emperor Obunga is a pedophile TOO?!?!!? Jeeze.
Lord Emperor Obunga is a pedophile ALSO.
Fixed it for ya.
No. He's a Flamboyant Angry Goyim Gobbling Others Testicles
Change you CAN believe in. Yep - gimme sum mo dat Hopium shit~~Seriously - I cannot stand this effing Marxist anymore. Yes we can - fuck all future generations.
And the best of all "I will fundamentally change America". Fucking Alinsky POS.
I think this says it all.
https://m.youtube.com/watch?v=fOZ-Etb0k0Q
https://m.youtube.com/watch?v=tpAOwJvTOio
https://m.youtube.com/watch?v=P36x8rTb3jI
https://m.youtube.com/watch?v=vY84fF2hzhY
These last two encapsulate in a way why we are here. Hilariously sad.
https://m.youtube.com/watch?v=mm1KOBMg1Y8
https://m.youtube.com/watch?v=hzMas1bVidw
Then there is this drivel from the MSM:
http://www.msn.com/en-us/news/politics/healthy-economy-forces-republican...
There is no "USA". It was Usurped by British subject Hussein Obama. We are now repatriated to the British, and directly to the Rothchilds.
A new Declaration of Independence is now in order.
From the last one:
"But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.--Such has been the patient sufferance of these Colonies; and such is now the necessity which constrains them to alter their former Systems of Government. The history of the present King of Great Britain is a history of repeated injuries and usurpations, all having in direct object the establishment of an absolute Tyranny over these States. To prove this, let Facts be submitted to a candid world.
He has refused his Assent to Laws, the most wholesome and necessary for the public good.
He has forbidden his Governors to pass Laws of immediate and pressing importance, unless suspended in their operation till his Assent should be obtained; and when so suspended, he has utterly neglected to attend to them.
He has refused to pass other Laws for the accommodation of large districts of people, unless those people would relinquish the right of Representation in the Legislature, a right inestimable to them and formidable to tyrants only.
He has called together legislative bodies at places unusual, uncomfortable, and distant from the depository of their public Records, for the sole purpose of fatiguing them into compliance with his measures.
He has dissolved Representative Houses repeatedly, for opposing with manly firmness his invasions on the rights of the people.
He has refused for a long time, after such dissolutions, to cause others to be elected; whereby the Legislative powers, incapable of Annihilation, have returned to the People at large for their exercise; the State remaining in the mean time exposed to all the dangers of invasion from without, and convulsions within.
He has endeavoured to prevent the population of these States; for that purpose obstructing the Laws for Naturalization of Foreigners; refusing to pass others to encourage their migrations hither, and raising the conditions of new Appropriations of Lands.
He has obstructed the Administration of Justice, by refusing his Assent to Laws for establishing Judiciary powers.
He has made Judges dependent on his Will alone, for the tenure of their offices, and the amount and payment of their salaries.
He has erected a multitude of New Offices, and sent hither swarms of Officers to harrass our people, and eat out their substance.
He has kept among us, in times of peace, Standing Armies without the Consent of our legislatures.
He has affected to render the Military independent of and superior to the Civil power.
He has combined with others to subject us to a jurisdiction foreign to our constitution, and unacknowledged by our laws; giving his Assent to their Acts of pretended Legislation:
For Quartering large bodies of armed troops among us:
For protecting them, by a mock Trial, from punishment for any Murders which they should commit on the Inhabitants of these States:
For cutting off our Trade with all parts of the world:
For imposing Taxes on us without our Consent:
For depriving us in many cases, of the benefits of Trial by Jury:
For transporting us beyond Seas to be tried for pretended offences
For abolishing the free System of English Laws in a neighbouring Province, establishing therein an Arbitrary government, and enlarging its Boundaries so as to render it at once an example and fit instrument for introducing the same absolute rule into these Colonies:
For taking away our Charters, abolishing our most valuable Laws, and altering fundamentally the Forms of our Governments:
For suspending our own Legislatures, and declaring themselves invested with power to legislate for us in all cases whatsoever.
He has abdicated Government here, by declaring us out of his Protection and waging War against us.
He has plundered our seas, ravaged our Coasts, burnt our towns, and destroyed the lives of our people.
He is at this time transporting large Armies of foreign Mercenaries to compleat the works of death, desolation and tyranny, already begun with circumstances of Cruelty & perfidy scarcely paralleled in the most barbarous ages, and totally unworthy the Head of a civilized nation.
He has constrained our fellow Citizens taken Captive on the high Seas to bear Arms against their Country, to become the executioners of their friends and Brethren, or to fall themselves by their Hands.
He has excited domestic insurrections amongst us, and has endeavoured to bring on the inhabitants of our frontiers, the merciless Indian Savages, whose known rule of warfare, is an undistinguished destruction of all ages, sexes and conditions.
When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature's God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation."
IN CONGRESS, July 4, 1776.
I saw an old.Donna Reed teevee show a few days ago. 1963 vintage I think.
What struck me was how elegant the house was and the way everyone was dressed. Another thing was how intelligent the conversations were, even among tbe children. Actually, especially the children.....
that was when morals were taught, now it is fashionable to be a loud mouthed bitch
Epilogue. And add to that some 200 T unfunded liabilities, and the +700 T in derivative gambles of the TBTF for which you're on the hook too. Make that a rounded 1 Q altogether. Good night, sleep tight, we've had a heck of a run.