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Thread: The Forbidden Topic: U.S. National Debt

  1. #1

    The Forbidden Topic: U.S. National Debt

    [url]http://www.naturalnews.com/022932.html[/url]

    [QUOTE](NaturalNews) As we wind our way towards an election between the numerous professional liars who have been put forward as candidates for U.S. President, it seems to be a great time to remind us all about the financial issue being routinely ignored by virtually everyone (except Ron Paul, of course, who was never really embraced by the "please lie to me" mainstream public). To what financial issue am I referring? The national debt, of course.

    Americans don't want to hear about the national debt. It's like a family living paycheck to paycheck, maxed out on their credit cards, trying to pretend the collection notices are all being lost in the mail. They don't want to admit they have no ability to actually pay off the debt they've incurred by pursuing a flamboyoant lifestyle, blowing wads of cash on high-priced wines, luxury vehicles, and an occassional line of coke -- they desperately want to imagine they can keep living on money that appears from nowhere, regardless of how much they owe to everybody else and the fact that their incomes don't even come close to matching their expenditures.

    Too bad every household in America doesn't have its own Federal Reserve, huh? If it did, we could all just print money to pay off our debt, save our skins, and ignore the fundamentals of economics. But even in Washington today (and New York), the Federal Reserve is too busy bailing out greedy, criminally-operated banks to turn much attention to the much larger issue of the United States' national debt. Apparently, saving the banks is more important than anything else, and the Fed is now committed to destroying the U.S. dollar through runaway hyperinflation in order to prevent a few rich bankers from facing the consequences of their outrageous sub-prime lending sprees.

    [B]America runs its finances like a crack addict[/B]
    But let's get back to the national debt for a moment. The United States government is broke. The only reason it's been able to operate for this long is because other nations and foreign central banks have been foolish enough to keep lending the U.S. government more money. It's like giving cash to a crack addict and hoping he will somehow seek out a drug rehab center on his own.

    This is the person who never gets a job, never makes an honest living, but yet somehow manages to hit up everybody else for cash. You know how it works: "I need to buy a car to get a job," they say. And then when you pony up the cash for their car, they get drunk and wreck the car, and they never try very hard to get a job in the first place. They keep spending and spending, tossing money down the drain on blows of crack, meth, heroin or booze. They promise to go into rehab someday, if you'll only help them through "the next month" with a little more cash. This is the life of a drug addict. (Do you know one? Everybody does, it seems...)

    America is that drug addict. It borrows cash from the central banks around the world, blowing it all on Medicare prescription benefits signed into law by Bush (money for drugs, see?). It spends trillions on military campaigns that accomplish nothing positive, yet enrage the global community and recruit lifelong enemies of this nation. Notice how the price of oil has more than tripled since the war with Iraq started? It's so bad now that truck drivers are going on strike over the price of diesel.

    America spends money not merely like a drunken sailor, but like a crack-addicted sailor with a wheelbarrel piled high with one-hundred dollar bills, locked in a room full of Gov. Spitzer's favorite hookers and a suitcase spilling over with blow.

    [B]Don't dare explain the national debt to anyone[/B]
    But try to explain the simple workings of finance, debt and economics to the uninformed, and you'll be accused of being a doomsayer, a pessimist, or -- the worst insult in today's fear-based society -- unpatriotic! How dare you point out the economic truths that will soon bring this country's federal government to its knees! Such blatant truths shall not be tolerated... especially not in a country whose entire financial system is based on a cascade of fictional financial instruments propped up by nothing more than wishful thinking and Enron-style accounting fraud.

    Let me translate all this for you in serious terms: The United States is already broke. The Federal Reserve is destroying the currency. The U.S. dollar will soon be virtually worthless. There is no saving the dollar, and there's no saving the savings of any U.S. citizen foolish enough to be holding dollars when the music stops. The Federal Reserve has already decided to do anything in its power to save the rich bankers; even if it means destroying the value of all the dollars held by hard-working Americans. The day will come, folks, when your savings accounts will all be "recalibrated" and you'll be given ten cents on the dollar while the Fed slinks away with 90% of your savings, using it to bail out overpaid bank owners.

    And the federal government? Under a long string of presidential crooks -- Democratic and Republican alike -- it has decided to pursue a dangerous experiment called, "What happens if we never pay our debtors while running up more debt?" That experiment, not surprisingly, will end in the financial demise of this nation. (But there's good news: A new, better system may emerge from the dust of the greenback... keep reading...)

    [B]You can't defy the laws of gravity... nor economics[/B]
    These aren't careless predictions, by the way. These are simple observations the follow the fundamentals. Why are the nations of the world fleeing the U.S. Treasury debt auctions? Why are dollars increasingly worthless everywhere except in the United States itself? The answer is because the Fed is hyperinflating the currency to save the banks, even while the government is snorting yet more crack and spending unprecedented levels of increasingly-worthless dollars on drugs and war (or, as they call it, "medication and defense").

    Hence the bumper sticker: Annoy everyone. Explain the national debt. People don't want to hear this. They'd rather imagine none of these problems exist; that debt doesn't matter; that unlimited dollars can be created out of nothing with zero impact on peoples' savings; that the U.S. government is wise enough to avert financial disaster. These are the hopes of the deluded. These are precisely the ramblings of Enron's accountants before the crash, or dot-com stock pushers before that crash. They're the slobbering blatherings of all the people who said housing prices will never fall, and therefore everyone will get rich off the never-ending housing price booms!

    [B]Important lessons learned the hard way[/B]
    I've spend many years pointing out the idiocies of the deluded. I publicly predicted the dot-com crash and began warning people to get out of the market in 1998 - 2001. (This is a matter of public record, not some wishful hindsight.) I also publicly predicted the collapse of the housing market right here on this website, beginning nearly two years ago. And now, those predictions that once seemed "radical" are the Wall Street Journal's front page news. What am I predicting now? Like I said, it's not a prediction, it's just an observation.

    It's like observing gravity. If you toss something into the air, you can be confident it's going to come falling back to the ground. You don't have to "predict" gravity; it's a law of the universe. It works by itself, like clockwork, regardless of what you want it do to (I'm ignoring near-light speed travel, relativity, quantum physics, and all that fun stuff for the purposes of this metaphor, by the way, for those readers who are physicists). Likewise, when you see a nation throw its dollars into the air, spending its way to oblivion, ignoring its debt and ramping up its spending to even higher levels, it doesn't take much of a prediction to know that it's all going to fall back to the ground in a grand economic collapse.

    So I'm not even calling the coming collapse of the U.S. government a "prediction." It's just common sense. It's as obvious as gravity. If you don't believe me, do the math. There is no mathematical solution to the current financial crisis facing not merely the banks and the currency, but the federal government itself. The only unknown factor is WHEN things will happen. Can the Fed help the economy limp along in a state of near-collapse for another year? Perhaps. Five years? Maybe. Ten years? I doubt it.
    .......
    [/QUOTE]

    Its coming folks... tell your loved ones to get their money out of dollars... its the only way to avoid losing your savings.

  2. #2
    Cut the pork barrell spending, raise taxes, cut welfare, forget national healthcare. Get ready for a rough ride.

  3. #3
    Jets Insider VIP
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    Save for your own retirement.

    Take care of yourself to try to minimize the need for healthcare.

    Get an education and marketable skill that will keep you employed.

    Count on the government for nothing. Pretend things like Social Security, Medicare, etc. don't even exist....because there's a good chance they won't just when you're about to start collecting.

    In short, be self sufficient as best you can! :yes:

  4. #4
    [QUOTE=jetstream23;2461733]Save for your own retirement.

    Take care of yourself to try to minimize the need for healthcare.

    Get an education and marketable skill that will keep you employed.

    Count on the government for nothing. Pretend things like Social Security, Medicare, etc. don't even exist....because there's a good chance they won't just when you're about to start collecting.

    In short, be self sufficient as best you can! :yes:[/QUOTE]


    But that's the point isn't it? How do you save for retirement when all your money is fiat money? What do you do when those notes you carry that you thought were worth something turn out to be just so much flotsam and jetsam?

  5. #5
    [QUOTE=Eversteady;2463034]But that's the point isn't it? How do you save for retirement when all your money is fiat money? What do you do when those notes you carry that you thought were worth something turn out to be just so much flotsam and jetsam?[/QUOTE]

    Buy Gold invest in Gold Commodities fund.

  6. #6
    JetsInsider.com Legend
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    [QUOTE=Eversteady;2463034]But that's the point isn't it? How do you save for retirement when all your money is fiat money? What do you do when those notes you carry that you thought were worth something turn out to be just so much flotsam and jetsam?[/QUOTE]

    Work your ass off, save what you can, and do what you can with it when/if you retire. End of story. Odds are we'll all have to work till the day we die anyway, no point in complaining about what cannot be changed. Personally, I am not planning on retiring, just enjoying the fruits of my labor till I'm old, thern either dying, or sucking off the (By then) Socialist Rebublik of Amerika's teat. Go go free Healthcare!

    And frankly, I simply do not buy your premise, that the U.S. Dollar will have no worth at all when I hit 65. But hey, if you truly believe that, then I suggest you sell off every dollar you have, and buy a more stable currency from a more debt-free Nation, or invest in Gold. Lord knows it's value is doing just fine. There are always other options. Land is another asset they're certainly not making any more of, and tends to hold it's value.

  7. #7
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    [QUOTE=Warfish;2463046]And frankly, I simply do not buy your premise, that the U.S. Dollar will have no worth at all when I hit 65. But hey, if you truly believe that, then I suggest you sell off every dollar you have, and buy a more stable currency from a more debt-free Nation, or invest in Gold. Lord knows it's value is doing just fine. There are always other options. [B]Land is another asset [U]they're certainly not making any more of[/U], and tends to hold it's value.[/B][/QUOTE]

    Ha! That made me chuckle. True dat!

    I'd imagine that some day the national debt will be paid down, and the all-mighty dollar will be worth something again, jefethegreat. Have no fear. Or else buy a farm in Idaho and learn to live off the land.
    Last edited by Big L; 04-03-2008 at 04:54 PM.

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