There is one major flaw in the money system that I have never heard a single
person mention, don't know why, maybe only I can see it, maybe it is the tin
foil hat I wear that gave me it, but I am watching the most powerful man in the
world clueless on how this happened, well the way I see it is that other
countries like china created wealth, but did they really create it or did they
borrow it. If china created its wealth then that would have meant that it built
its infrastructure and businesses internally, then it would have added wealth to
the worlds circuit of money and been stable. But if its infrastructure and
businesses were borrowed from somewhere else then that is a transfer of wealth
from one area to another and if the market of each depend on each other then its
life is limited to the point when so much has been transferred so that it
reverses in direction so starts an harmonic cycle decreasing in height until
both end up even or at war, so very unstable. This also means that's china's
development was not natural as was the development in the west, now if china was
many years ago about to start natural development and the west wanted to stop it
or control it then this would have been a good plan. but that would have meant a
Kissinger type person was about when the US and china first talked. Anyway as
china's development is not natural then it will collapse when who ever borrowed
them the stuff wants it back. And that's why I think it is all a Hollywood
script, all written years ago by the likes of Kissinger. they are playing global
power games using us poor mugs as pawns. My simple high school / secondary
school dropout understadning is that the United States government ( specifically
the Obama adminstration) is operating one of the biggest PONZI schemes in
history. OK, I have no law training or degree and I ain't no bean counter.
However, this particular administration blackmails the house ( read Republicans)
to constantly increase the debt limit. My understanding is that the main buyers
of US Treasuries (China and the UK) are farely well maxed out on purchasing US
Treasuries and there are no new substantial buyers, so, as the US $ is the
main reserve currency it somehow has the right to print more money without
having actual physical reserves (gold) to backup all the money it has spread
aropund the world. Thus when they increase the debt limit they print more money
in order for the Fed (Federal Reserve) to buy (although I understand not
directly) their own older treasuries and even newly printed treasuries. His
Obamaship and his sycophantic Democratic poodles are intent on going ahead with
the Demoncare (the Demoncrats own it as no Republicans voted for it and the
majority of the US public do not want it) despite the fact that it is going to
need 1.8 trillion dollars to set it in motion. They cannot raise taxes to pay
for that so they will increase the debt limit next year, print some more money.
Prince Harry over at the Senate meanwhile want to increase next years budget by
1 trillion 5 billion (strange figure). Today the Whitewash House announced that
it was going to bail out the forever profligate Democratically controlled
bankrupt city of Detroit. Another 17 billion dollars. Has the US taxpayer agreed
to that and do they have the money to even do it? Perhaps, they will print more
money and also shaft the Detroit debtholders just as they did with Chrysler and
GM and favoured banks and financial institutions. I wonder what the true
value of the US $ is today compared to when the investors in US Treasuries
bought them. To me it's like when I bought my house for 220,000. I sold it 17
years later for 405,000 and everyone said what a great profit I made on my "real
eastate investment". Except, that when I tallied up that I had paid about
370,000 in interest to the kind and gentle banks and the value of the CDN $ had
declined I do not think I made anything. If the house (which i understand is
supposed to control the purse strings - although the Emperor Obama (O.K. he has
some nice clothes except for nasty golfing shorts and grandpa jeans says he will
not negotiate on Demoncare, the debt ceiling, the public debt, any move to cut
spending, any move to reduce taxes any attempt to prevent tax increases) allows
the Administration to increase the debt ceiling and stop the profligate spending
the the rating agencies need to downgrade the US credit rating (that will help
exports from the US anyway and increase the cost of imports (which may
provoke the use of every available US sourced enernergy resource instead of the
trillions that it costs to import from countries that hate the US anyway). The
mandarins should also stop giving further credit to the US (cut up it's credit
card and force it to use a current account debit card). And while they are at it
maybe they should devalue the greenback. The US currency has the motto "In God
We Trust". I have news for the big spenders, that was not put on the currency to
indicate that they trusted God to be the lender of last resort when they had
spent their money on idols. Plus, if there is a deity I doubt that he has much
trust left in the three equal but separate parts of the US government or any
level of US government. OK, you can now tell me I do not know what I am talking
about and how everything I said is wrong (no abusive language please, it just
reflects on you, not me). However, when you are telling me how wrong I am then
tell me how wonderfully brilliant and correct the US governance is.
....So 9 trillion dollars goes "missing" and I'm sitting here poor, eating GMO foods because I can't afford anything better... my cat has problems breathing and I don't know if I'll have the money to take her into the veterinarian but hey! at least they all the money they could ever need, they probably wipe their ass with money they are so rich.
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Hours before a shutdown of the federal government could begin, two polls show Americans are largely directing their wrath at Republicans.
Two news media polls released Monday show Americans are spreading the blame to Republicans in Congress, their Democratic counterparts and President Obama.
More than six in 10 Americans, or 63%, disapprove of the way the GOP is handling the budget impasse that could force the first government shutdown in 17 years, according to an ABC News/Washington Post poll.
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