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Forum Post: The Downfall is Delayed a Bit Longer

Posted 1 year ago on Jan. 1, 2013, 11:14 p.m. EST by OTP (-203) from Tampa, FL
This content is user submitted and not an official statement

Bought another two months. All this arguing and nonsense over what? A few percentage points of the top that no one pays anyways?

Oil is still getting subsidies. Same with Monsanto.

Banks still getting 85 billion a month.

A third of a year of arguing like idiots over this? Either the system is incapable or we are getting played.

Thoughts?

http://www.zerohedge.com/news/2013-01-01/and-winner

PS- Watching MSNBC....Is Obama really congratulating McConnel and Biden for their "extraordinary" effort? This is one of the most pathetic moments in US history. Accomplishing nothing over the course of almost a half year. Someone put these fools in the particle accelerator in Japan when its done.

6 Comments

6 Comments


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[-] 1 points by grapes (3552) 1 year ago

When the "extraordinary measures" of the U.S. Treasury run to the end of the rope in approximately eight weeks, we will get a crisis. Politicians have been kicking the can down the road and not making the tough choices to avoid the rendezvous with catastrophe.

I expect the spending-cut-hawks will make a stance then to roil the world by blocking the raising of the U.S. debt ceiling.

There may be a saving grace though because the Federal Reserve balance sheets have huge amount of treasuries whose values can evaporate very quickly should treasury interest rates shoot up so there should be huge pressure from the owners of the Federal Reserve (the nationally chartered banks) to the U.S. government not to let that happen. I thought about this a little more. The Federal Reserve created the credit out of thin air to buy those treasuries. Would its masters (the nationally chartered banks) treasure those treasuries' values? Our government can produce nearly infinite amount of treasuries as long as the debt ceiling can be lifted repeatedly and our Federal Reserve can create nearly infinite amount of credit out of thin air to buy those treasuries. Even if the treasuries on Federal Reserve's balance sheets became worthless, matters could quickly be brought back to the starting state by matching arbitrarily infinite with arbitrarily infinite so voila!

[-] 0 points by JungleMitty (0) 1 year ago

The band DUMP-BOXX from Madison, Wi. is trying to get the word out. The song "Elephants & Donkeys" says it all.

http://www.youtube.com/channel/UCzDyqeAprGpm9hkLSuixiDQ/videos?view=0&flow=grid

[-] 0 points by Shayneh (-482) 1 year ago

Well the people voted for another 4 years of Obimination - what do you expect - doing the same thing over and over again expecting different results - seems like "insanity" to me - but hey,

I guess Romney wouldn't have taken away all the freebies from big business as he promiesed to do either - we will never know will we.

[-] 0 points by OTP (-203) from Tampa, FL 1 year ago

No, I think we know. The system is bought out. The only people that get a chance to get "elected" are already in it, or dont have the stones to make a huge splash.

I mean, even the ones that each side looks at as the gamechangers- Kucinich, RP, Rubio, Bernie Sanders and EWarren arent exactly fiery take no prisoners personalities.

Part of keeping teh public believing is giving them a few role models out of the 536. Its necessary, otherwise people lose all hope. It keeps the more aggressive voters into the fold. Otherwise, they may try to get their own thing going.

[-] 0 points by VQkag2 (16478) 1 year ago

You like the racist Ron Paul & the tea party favorite Rubio huh?

[-] -1 points by davmart (-15) 1 year ago

Both sides of congress (dems and rep) are playing all of us but many fail to see it that way. Gov has grown so large and now they think we "work for them" rather than "they work for us"