the Dollar Bubble

Discussion in 'Economy' started by Borat, Nov 25, 2009.

  1. Borat
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    Borat BANNED

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    [ame="http://www.youtube.com/watch?v=eZA0qNsf4m0&feature=player_embedded"]http://www.youtube.com/watch?v=eZA0qNsf4m0&feature=player_embedded[/ame]

    very nice film, only 2 days old.

    my favorite part is when they explained that if the FED tries to stop hyperinflation by raising the interest rates then the interest on our national debt will exceed total tax revenue.

    in other words our debt has already reached a critical mass where hyperinflation is inevitable. the only choice now left is bankruptcy or hyperinflation ... and then bankruptcy.
     
  2. Neubarth
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    Neubarth At the Ballpark July 30th

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    If we can borrow for free from the FED, why pay interest elsewhere? Mind you the whole purpose in creating the FED was to handle situations like today. There are lunatics like Ron Paul who do not understand what the FED is really doing to save our country. That man is amazingly stupid.
     
    Last edited: Nov 25, 2009

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