Life After Default

[Flash]

Well you ask your Congressman to work on the budget… AFTER they pass the debt ceiling bill to pay for the debt they already incurred.

You dumbass.

All they have to do to stop debt is to not spend any more money than is coming in with existing revenue. Which, by the way, at $5/6 trillion a year, is more than the GDP of all but three or four countries on earth and on top of another $6 trillion spent by State and Locals.

The cost of government in this country is a tremendous burden on our productive economy.

Of course to stop debt that would mean to cut back on wasteful and useless spending and the damn Democrats and RINOs have no intention of doing that.

That is why we are fucked.

Just stop spending. It ain't rocket science.

 

[Thunk]

We have to get spending under control,

It's too late.

It was too late when our debt passed a full year of GDP under obama.

I'm not blaming obama for it...it's just when we reached that critical tipping point. Now it's far far too late.

It's like quitting eating greasy fried foods an hour before your open heart surgery.

 

[Lesh]

I’ve explained how a home based budget works, what government does is nothing like that.

And no..once your debt to income ratio get to a certain point, they will refuse to extend more credit

“I’ve explained”… no you have not. You’ve made claims… opinions… and treated them as fact.

They are not

As far as credit card agencies cutting off your credit, it takes a lot for that to happen … usually based on NOT PAYING ON TIME

 

[The Sage of Main Street]

inflation at 2% or so is NOT taking care of the DEBT, have you not seen the Debt exploding to $33T?

interest on the Debt will hit $2T shortly as the Fed continues to raise interest rates

Saved by the Bullion

The gold they use to pay off the interest on the debt is inflating, too. It is now $2,000 an ounce. It goes up every time a debt-drama is performed.

 

[kyzr]

Saved by the Bullion

The gold they use to pay off the interest on the debt is inflating, too. It is now $2,000 an ounce. It goes up every time a debt-drama is performed.

Let's see what its worth...

https://marketrealist.com/p/is-there-gold-in-fort-knox/

1,473,000,000 oz x $2,000 = $3 Trillion. We owe $33T. Nice try, no cigar.

 

[The Sage of Main Street]

You dumbass.

All they have to do to stop debt is to not spend any more money than is coming in with existing revenue. Which, by the way, at $5/6 trillion a year, is more than the GDP of all but three or four countries on earth and on top of another $6 trillion spent by State and Locals.

The cost of government in this country is a tremendous burden on our productive economy.

Of course to stop debt that would mean to cut back on wasteful and useless spending and the damn Democrats and RINOs have no intention of doing that.

That is why we are fucked.

Just stop spending. It ain't rocket science.

Russophobic Paranoiac Pandemic

If we stop this Chickenhawk Cold-War nostalgia about Russia, we can make trillions off developing its oil, much of which it doesn't have the technology to make worth anything. Russia has many other resources that would profit both countries, besides buying our own products with their new wealth. Why hand the Russians over to China?

Russia, China, Japan, and India can obliterate the Globalists' One-World, Third-World Order. Why not join the Big Boys instead of engaging in these petty disputes that benefit only the Levellers' Leviathan?

 

[The Sage of Main Street]

Let's see what its worth...

https://marketrealist.com/p/is-there-gold-in-fort-knox/

1,473,000,000 oz x $2,000 = $3 Trillion. We owe $33T.

Gold Credit Card

Typical college-level stupidity, selective manipulation of data to get the required answer. At 5% interest, $3 trillion covers $60 trillion of principal.

 

[Flash]

Russophobic Paranoiac Pandemic

If we stop this Chickenhawk Cold-War nostalgia about Russia, we can make trillions off developing its oil, much of which it doesn't have the technology to make worth anything. Russia has many other resources that would profit both countries, besides buying our own products with their new wealth. Why hand the Russians over to China?

Russia, China, Japan, and India can obliterate the Globalists' One-World, Third-World Order. Why not join the Big Boys instead of engaging in these petty disputes that benefit only the Levellers' Leviathan?

Trump was right about the Iraq War. After we kicked the shit out of Iraq we should have taken their oil. Instead we thought we could do a little nation building and let the Iraqis keep the oil. Dumb!

 

[kyzr]

Gold Credit Card
Typical college-level stupidity, selective manipulation of data to get the required answer. At 5% interest, $3 trillion covers $60 trillion of principal.

So the 1.5b Oz of gold in Ft. Knox is used as collateral to borrow even more money? To pay back lenders who bought bonds.
So how does that get us anywhere?
We're still paying interest on $33T+ whether US bond lenders or the new gold collateral lenders.
You must be one of those LOW-IQ democrats.

 

[ThisIsMe]

Saved by the Bullion

The gold they use to pay off the interest on the debt is inflating, too. It is now $2,000 an ounce. It goes up every time a debt-drama is performed.

But…there isn’t trillions in gold at fort knox…there’s about 6 billion worth, I linked the article earlier.

edit

Nope..wait, I was wrong!

There are currently about 147 million ounces of gold at Fort Knox.

147,000,000 X 2000 = 294,000,000,000

So there is 294 billion in gold…still not trillions.

Fort Knox Bullion Depository | U.S. Mint

The United States Bullion Depository at Fort Knox, Kentucky stores precious metal bullion reserves for the United States.

www.usmint.gov

Fort Knox Facts​

• Amount of present gold holdings: 147.3 million ounces. About half of the Treasury’s stored gold (as well as valuables of other federal agencies) is kept at Fort Knox.
• Highest historic gold holdings: 649.6 million ounces (December 31, 1941).

Highest holdings at Fort Knox was 649.6 million oz in 1941

 

[The Sage of Main Street]

Trump was right about the Iraq War. After we kicked the shit out of Iraq we should have taken their oil. Instead we thought we could do a little nation building and let the Iraqis keep the oil. Dumb!

The Nose-Pin Factor

Huffy-puffy blowhard Bill O'Reilly said that the war would cost us nothing; Iraqi oil would cover our costs there.

 

[Flash]

The Nose-Pin Factor

Huffy-puffy blowhard Bill O'Reilly said that the war would cost us nothing; Iraqi oil would cover our costs there.

We never should have invaded Iraq but once we did we should have taken the oil.

 

[The Sage of Main Street]

We never should have invaded Iraq but once we did we should have taken the oil.

Big-Oil Occupied Government

Nixon's first reaction in 1973 was to seize all Arab oil in response to the OPEC Embargo. An embargo is a recognized act of war, which is why Japan attacked us after FDR imposed one on them.

But Nixon was pressured out of retaliatory action by Big Oil, which originally created OPEC so they could piggyback off its price-gouging and blame foreigners. They got away with that because of the mind control the plutocratic parasites impose over the American people.

Being walked all over by enemies both at home and abroad caused a recession, which is the real reason Nixon lost public support and had to resign. Watergate was an ignorant and pushy media narrative, but the public bought that story, too.

Saddam was attacked both times by the Bush Family Circus only because he was producing beyond his quotas and lowering the price and profits of the American oil companies.

 

[CuleokaBob]

Biden signs 45-day funding bill to keep government open​

45 days and it is going to be shut down. Right around Thanksgiving.
With the Holiday break this pig is going to be busted broke until 2024.
Default now!