Saturday, April 16, 2011

"... free lunch that never ends."

... that last line of the article is for the most part the only one that's entirely incorrect.
It cannot continue on forever, it IS going to end, ... and it's going to end very badly for huge numbers of the population, and not only those in this country... the world will suffer greatly as well, nowhere will be immune.

It's a terrible indictment of what this country (and the world in general) has evolved into... what is being described here should be leading to charges and jail time, but instead they are able to continue on with their 'no holds barred' to hell with the world philosophy.
The system has been deliberately set up to proceed the way it is.. an ultimate con, and we're all the suckers just letting it go on and on... until it brings us all to our knees.

"The problem will come when the dollar starts to seriously erode against other currencies because too much of the currency has been put into circulation. When that happens, there may be a shift away from the dollar as the world’s “reserve currency.” Looking further, one could then imagine the US being unable to issue debt to foreign investors, because they would no longer want to be left holding dollars, and the US would have to either drastically reduce its debt, or borrow in foreign-denominated debt--say Yen or Euros or Renminbi."

"...  the world is starting to protect, and perhaps ultimately free, itself from America's weak dollar standard.... the bill is coming due in a weak dollar, food and energy inflation, and the decline of U.S. economic credibility."

That day might not be much longer, and all I can say is that we should all use the time to get ourselves ready for what is undoubtedly going to be one of the most unbelievably difficult periods in our history.


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