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BREAKING: Debt to Be Wiped Out, Budget Deficit to Be Erased October 1st

 
Rambaldi
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09/02/2012 02:07 PM
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BREAKING: Debt to Be Wiped Out, Budget Deficit to Be Erased October 1st
Protocol Implementation Underway

It can now be reported that the capital injection aka the 5 billion euro advance to the Spanish Bankia is setting stage for the final implementation of the Wanta-Reagan-Mitterrand Protocols...

The implementation of the Wanta-Reagan-Mitterrand Protocols will re-collateralize banks worldwide, eliminate inflationary expectations, reduce euro debt derivative exposure and with the return of significant funds to the U.S. Treasury zero out the U.S. budget deficit.

The triggering date is October 1st.

More at source:

[link to www.myspace.com]

This could be the global currency "reset" discussed here in July...

[link to www.blippitt.com]
Gur ubhe vf nyzbfg ng unaq.
Rambaldi (OP)

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09/02/2012 02:12 PM
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Re: BREAKING: Debt to Be Wiped Out, Budget Deficit to Be Erased October 1st
IF he's right...and that's a big IF...October 1st could be the most important date in our planet's history.
Gur ubhe vf nyzbfg ng unaq.
Saddletramp
We Don't Rent Pigs...

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09/02/2012 02:19 PM

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Re: BREAKING: Debt to Be Wiped Out, Budget Deficit to Be Erased October 1st
That would be disasterous in a way I can't even describe!

But let me fill you in for the people that say the debt is a "Fraud" and an "Illusion".

The United States is the example I will use, since I am most familiar with it's banking regs and Federal Reserve Policies.

The United States has approximately 25 Trillion in Treasury Bonds of various maturities outstanding on the world markets. If you said all debt goes to zero (which is a fairytale) that would wipe out 25 Trillion in wealth around the world, overnight! Countries heavily invested in Treasuries such as China, Saudi Arabia, and Japan would be wiped out and put into essential sovereign default overnight. This would begin a chain reacation that would cause an economic shutdown around the globe. Millions to Billions would starve within months.

Inside the United States our Federal and State banks put their reserves in Treasury Bonds which they buy from the Federal Reserve, they can pledge these bonds back to the Fed for liquidity and capital needs. If you wiped out this debt, you would see almost every bank in the United States go bankrupt overnight. All wealth in this country would be nullified. Banks would lack essential liquidity to fund customer accounts, the FDIC would be out of business within minutes. Customer's accounts, including all business accounts in the country would vaporize into thin air with no recourse.

The value of the dollar would go into free fall. Hyperinflation would be unprecedented and everyone in America would join in the poverty. Commodities would be at a premium, but they would be so expensive they would be out of reach for almost every citizen of the country. Riots and social unrest would explode within hours, starvation would become a reality in the richest country in the world within months.

In essence, Chaos...

Last Edited by Saddletramp on 09/02/2012 02:23 PM
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Anonymous Coward
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09/02/2012 02:20 PM
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Re: BREAKING: Debt to Be Wiped Out, Budget Deficit to Be Erased October 1st
IF he's right...and that's a big IF...October 1st could be the most important date in our planet's history.
 Quoting: Rambaldi


Why do people believe idiotic info coming from idiotic websites/blogs?
Anonymous Coward
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09/02/2012 02:20 PM
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Re: BREAKING: Debt to Be Wiped Out, Budget Deficit to Be Erased October 1st
Sorry guys, my technical English isn't that great, what does that mean exactly?

Should i go take a 100K euro loan on 30 september and see it is vanished on the 1st of october? :-)
Anonymous Coward
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09/02/2012 02:21 PM
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Re: BREAKING: Debt to Be Wiped Out, Budget Deficit to Be Erased October 1st
That would be disasterous in a way I can't even describe!

But let me fill you in for the people that say the debt is a "Fraud" and an "Illusion".

The United States is the example I will use, since I am most familiar with it's banking regs and Federal Reserve Policies.

The United States has approximately 25 Trillion in Treasury Bonds of various maturities outstanding on the world markets. If you said all debt goes to zero (which is a fairytale) that would wipe out 25 Trillion in wealth around the world, overnight! Countries heavily invested in Treasuries such as China, Saudi Arabia, and Japan would be wiped out and put into essential sovereign default overnight. This would begin a chain reacation that would cause an economic shutdown around the globe. Millions to Billions would starve within months.

Inside the United States our Federal and State banks put their reserves in Treasury Bonds which they buy from the Federal Reserve, they can pledge these bonds back to the Fed for liquidity and capital needs. If you wiped out this debt, you would see almost every bank in the United States go bankrupt overnight. All wealth in this country would be nullified. Banks would lack essential liquidity to fund customer accounts, the FDIC would be out of business within minuts. Customer's accounts, including all business accounts in the country would vaporize into thin air with no recourse.

The value of the dollar would go into free fall. Hyperinflation would be unprecedented and everyone in America would join in the poverty. Commodities would be at a premium, but they would be so expensive they would be out of reach for almost every citizen of the country. Riots and social unrest would explode within hours, starvation would become a reality in the richest country in the world within months.

In essence, Chaos...
 Quoting: Saddletramp


anaana
anaana
anaana
anaana
Anonymous Coward
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09/02/2012 02:28 PM
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Re: BREAKING: Debt to Be Wiped Out, Budget Deficit to Be Erased October 1st
That would be disasterous in a way I can't even describe!

But let me fill you in for the people that say the debt is a "Fraud" and an "Illusion".

The United States is the example I will use, since I am most familiar with it's banking regs and Federal Reserve Policies.

The United States has approximately 25 Trillion in Treasury Bonds of various maturities outstanding on the world markets. If you said all debt goes to zero (which is a fairytale) that would wipe out 25 Trillion in wealth around the world, overnight! Countries heavily invested in Treasuries such as China, Saudi Arabia, and Japan would be wiped out and put into essential sovereign default overnight. This would begin a chain reacation that would cause an economic shutdown around the globe. Millions to Billions would starve within months.

Inside the United States our Federal and State banks put their reserves in Treasury Bonds which they buy from the Federal Reserve, they can pledge these bonds back to the Fed for liquidity and capital needs. If you wiped out this debt, you would see almost every bank in the United States go bankrupt overnight. All wealth in this country would be nullified. Banks would lack essential liquidity to fund customer accounts, the FDIC would be out of business within minuts. Customer's accounts, including all business accounts in the country would vaporize into thin air with no recourse.

The value of the dollar would go into free fall. Hyperinflation would be unprecedented and everyone in America would join in the poverty. Commodities would be at a premium, but they would be so expensive they would be out of reach for almost every citizen of the country. Riots and social unrest would explode within hours, starvation would become a reality in the richest country in the world within months.

In essence, Chaos...
 Quoting: Saddletramp


The only way this would work is if all debt was wiped out.

Meaning personal debt, state debt, and national debt.

It would mean we would go to bed one night, and wake up the next day debt free.

It would completely destroy anyone who didn't have tangible assets. Say goodbye to anything of value written on paper, including all retirement funds, treasuries, bonds, most stocks that were backed by nothing other than high frequency trading and the illusion of commodities or assets. Then you would have total loss of faith in currencies as well. Paying taxes to a bankrupt fraudulent government may also be hard to convince people to do. ALso you may see our military come home in defeat, not because it was destroyed, but like the old soviet military it wouldn't be funded. Say good bye to social security, medicate, or any other government program (good thing they stocked up on bullets) King dollar days would definitely be gone, and so would the America taxing the rest of the world way of life that we proclaimed was due to our brilliance and industries which no longer exist.

You are right, people would starve, some would riot, and some nations would spin into chaos, but that's coming anyway. I would rather rip it off like a band-aid then live it for the next 10 years.
Rambaldi (OP)

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09/02/2012 02:30 PM
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Re: BREAKING: Debt to Be Wiped Out, Budget Deficit to Be Erased October 1st
That would be disasterous in a way I can't even describe!

But let me fill you in for the people that say the debt is a "Fraud" and an "Illusion".

The United States is the example I will use, since I am most familiar with it's banking regs and Federal Reserve Policies.

The United States has approximately 25 Trillion in Treasury Bonds of various maturities outstanding on the world markets. If you said all debt goes to zero (which is a fairytale) that would wipe out 25 Trillion in wealth around the world, overnight! Countries heavily invested in Treasuries such as China, Saudi Arabia, and Japan would be wiped out and put into essential sovereign default overnight. This would begin a chain reacation that would cause an economic shutdown around the globe. Millions to Billions would starve within months.

Inside the United States our Federal and State banks put their reserves in Treasury Bonds which they buy from the Federal Reserve, they can pledge these bonds back to the Fed for liquidity and capital needs. If you wiped out this debt, you would see almost every bank in the United States go bankrupt overnight. All wealth in this country would be nullified. Banks would lack essential liquidity to fund customer accounts, the FDIC would be out of business within minutes. Customer's accounts, including all business accounts in the country would vaporize into thin air with no recourse.

The value of the dollar would go into free fall. Hyperinflation would be unprecedented and everyone in America would join in the poverty. Commodities would be at a premium, but they would be so expensive they would be out of reach for almost every citizen of the country. Riots and social unrest would explode within hours, starvation would become a reality in the richest country in the world within months.

In essence, Chaos...
 Quoting: Saddletramp


So, you're saying that would be "bad?"

tounge
Gur ubhe vf nyzbfg ng unaq.
MB713
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09/02/2012 02:31 PM
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Re: BREAKING: Debt to Be Wiped Out, Budget Deficit to Be Erased October 1st
Sorry guys, my technical English isn't that great, what does that mean exactly?

Should i go take a 100K euro loan on 30 september and see it is vanished on the 1st of october? :-)
 Quoting: Anonymous Coward 4090379


What it means is you should have all your CASH out of banks on Oct. 1 (IF this is going to happen!).

And then you could havee that loan you took out, too, and watch it evaporate on Oct. 1!

banana2 banana2 banana2
Rambaldi (OP)

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09/02/2012 02:31 PM
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Re: BREAKING: Debt to Be Wiped Out, Budget Deficit to Be Erased October 1st
Unless everything and everyone reset all at once. Then, basically everyone would be starting over from square one.
Gur ubhe vf nyzbfg ng unaq.
samanthasunflower

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09/02/2012 02:31 PM

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Re: BREAKING: Debt to Be Wiped Out, Budget Deficit to Be Erased October 1st
Wow! Myspace still exists???

5a
Anonymous Coward
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09/02/2012 02:36 PM
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Re: BREAKING: Debt to Be Wiped Out, Budget Deficit to Be Erased October 1st
IF he's right...and that's a big IF...October 1st could be the most important date in our planet's history.
 Quoting: Rambaldi


The most important day in our planets history? Bigger than the Birth of Jesus, the Floods, Roswell UFO Crash? First Nuke test and so forth. Yes, paper really is more important than that. Oh and let us not forget the two world wars.
Anonymous Coward
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09/02/2012 02:37 PM
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Re: BREAKING: Debt to Be Wiped Out, Budget Deficit to Be Erased October 1st
That would be disasterous in a way I can't even describe!

But let me fill you in for the people that say the debt is a "Fraud" and an "Illusion".

The United States is the example I will use, since I am most familiar with it's banking regs and Federal Reserve Policies.

The United States has approximately 25 Trillion in Treasury Bonds of various maturities outstanding on the world markets. If you said all debt goes to zero (which is a fairytale) that would wipe out 25 Trillion in wealth around the world, overnight! Countries heavily invested in Treasuries such as China, Saudi Arabia, and Japan would be wiped out and put into essential sovereign default overnight. This would begin a chain reacation that would cause an economic shutdown around the globe. Millions to Billions would starve within months.

Inside the United States our Federal and State banks put their reserves in Treasury Bonds which they buy from the Federal Reserve, they can pledge these bonds back to the Fed for liquidity and capital needs. If you wiped out this debt, you would see almost every bank in the United States go bankrupt overnight. All wealth in this country would be nullified. Banks would lack essential liquidity to fund customer accounts, the FDIC would be out of business within minuts. Customer's accounts, including all business accounts in the country would vaporize into thin air with no recourse.

The value of the dollar would go into free fall. Hyperinflation would be unprecedented and everyone in America would join in the poverty. Commodities would be at a premium, but they would be so expensive they would be out of reach for almost every citizen of the country. Riots and social unrest would explode within hours, starvation would become a reality in the richest country in the world within months.

In essence, Chaos...
 Quoting: Saddletramp


The only way this would work is if all debt was wiped out.

Meaning personal debt, state debt, and national debt.

It would mean we would go to bed one night, and wake up the next day debt free.

It would completely destroy anyone who didn't have tangible assets. Say goodbye to anything of value written on paper, including all retirement funds, treasuries, bonds, most stocks that were backed by nothing other than high frequency trading and the illusion of commodities or assets. Then you would have total loss of faith in currencies as well. Paying taxes to a bankrupt fraudulent government may also be hard to convince people to do. ALso you may see our military come home in defeat, not because it was destroyed, but like the old soviet military it wouldn't be funded. Say good bye to social security, medicate, or any other government program (good thing they stocked up on bullets) King dollar days would definitely be gone, and so would the America taxing the rest of the world way of life that we proclaimed was due to our brilliance and industries which no longer exist.

You are right, people would starve, some would riot, and some nations would spin into chaos, but that's coming anyway. I would rather rip it off like a band-aid then live it for the next 10 years.
 Quoting: Anonymous Coward 22997087


Yes
Anonymous Coward
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09/02/2012 02:55 PM
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Re: BREAKING: Debt to Be Wiped Out, Budget Deficit to Be Erased October 1st
sign me up. I dont want to face it worse at 50. Im young and its inevitable anyway. better now than when im 50. Shit mutherfuckers are gonna try to chip us before then anyway.
Anonymous Coward
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09/02/2012 03:01 PM
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Re: BREAKING: Debt to Be Wiped Out, Budget Deficit to Be Erased October 1st
It would mean a end to the federal reserve bank and banking controll through usury. An end to the IRS as we know it. Like what happend in Iceland, kick out the bankers and establish a new form of government. An end to fake money out of thin air.

It is not a bad thing, People should be happy about the change many have given their lives for and worked for so long. It has been a long hard war against banking corruption and rule. Let us hope this time it does happen.
Anonymous Coward
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09/02/2012 03:08 PM
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Re: BREAKING: Debt to Be Wiped Out, Budget Deficit to Be Erased October 1st
How to spot a distributor of propaganda BS?

They give themselves a title like:

International Intelligence Expert


The mere words "intelligence expert" fools 80% of the population. LOL

If you were an intelligence expert, do you think you should be sharing news like that before the govt. intelligence organization wants it shared?

If they wanted it shared to mislead you, they would make it look like it was a leak by a so called intelligence expert.

So much bullshit in the world to wade through. LOL
Anonymous Coward
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09/02/2012 03:10 PM
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Re: BREAKING: Debt to Be Wiped Out, Budget Deficit to Be Erased October 1st
It would mean a end to the federal reserve bank and banking controll through usury. An end to the IRS as we know it. Like what happend in Iceland, kick out the bankers and establish a new form of government. An end to fake money out of thin air.

It is not a bad thing, People should be happy about the change many have given their lives for and worked for so long. It has been a long hard war against banking corruption and rule. Let us hope this time it does happen.
 Quoting: Anonymous Coward 5398883


No it would mean you have made some assumptions that likely will not prevail.
Anonymous Coward
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09/02/2012 03:10 PM
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Re: BREAKING: Debt to Be Wiped Out, Budget Deficit to Be Erased October 1st
Why not just delcair all of Wallstreet to be useless parasites and have them all thrown in jail for illegal drug possesion - ham samwichs for one and all.

Then the Feds can sieze all of the bloodsucking parasites assets and use them to pay off the debt and return prosperity to the planet.
Whats not to love?
Anonymous Coward
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09/02/2012 03:14 PM
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Re: BREAKING: Debt to Be Wiped Out, Budget Deficit to Be Erased October 1st
That would be disasterous in a way I can't even describe!

But let me fill you in for the people that say the debt is a "Fraud" and an "Illusion".

The United States is the example I will use, since I am most familiar with it's banking regs and Federal Reserve Policies.

The United States has approximately 25 Trillion in Treasury Bonds of various maturities outstanding on the world markets. If you said all debt goes to zero (which is a fairytale) that would wipe out 25 Trillion in wealth around the world, overnight! Countries heavily invested in Treasuries such as China, Saudi Arabia, and Japan would be wiped out and put into essential sovereign default overnight. This would begin a chain reacation that would cause an economic shutdown around the globe. Millions to Billions would starve within months.

Inside the United States our Federal and State banks put their reserves in Treasury Bonds which they buy from the Federal Reserve, they can pledge these bonds back to the Fed for liquidity and capital needs. If you wiped out this debt, you would see almost every bank in the United States go bankrupt overnight. All wealth in this country would be nullified. Banks would lack essential liquidity to fund customer accounts, the FDIC would be out of business within minuts. Customer's accounts, including all business accounts in the country would vaporize into thin air with no recourse.

The value of the dollar would go into free fall. Hyperinflation would be unprecedented and everyone in America would join in the poverty. Commodities would be at a premium, but they would be so expensive they would be out of reach for almost every citizen of the country. Riots and social unrest would explode within hours, starvation would become a reality in the richest country in the world within months.

In essence, Chaos...
 Quoting: Saddletramp


The only way this would work is if all debt was wiped out.

Meaning personal debt, state debt, and national debt.

It would mean we would go to bed one night, and wake up the next day debt free.

It would completely destroy anyone who didn't have tangible assets. Say goodbye to anything of value written on paper, including all retirement funds, treasuries, bonds, most stocks that were backed by nothing other than high frequency trading and the illusion of commodities or assets. Then you would have total loss of faith in currencies as well. Paying taxes to a bankrupt fraudulent government may also be hard to convince people to do. ALso you may see our military come home in defeat, not because it was destroyed, but like the old soviet military it wouldn't be funded. Say good bye to social security, medicate, or any other government program (good thing they stocked up on bullets) King dollar days would definitely be gone, and so would the America taxing the rest of the world way of life that we proclaimed was due to our brilliance and industries which no longer exist.

You are right, people would starve, some would riot, and some nations would spin into chaos, but that's coming anyway. I would rather rip it off like a band-aid then live it for the next 10 years.
 Quoting: Anonymous Coward 22997087


Yes
 Quoting: Anonymous Coward 21963969


Wake up debt free and broke with no way to make money to buy necessities. Old folks dropping like flies with no medications, air conditioning, Dr. care, etc. No way to pay the morticians, I guess bury them in the back yard.
Anonymous Coward
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09/02/2012 03:14 PM
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Re: BREAKING: Debt to Be Wiped Out, Budget Deficit to Be Erased October 1st
Unless everything and everyone reset all at once. Then, basically everyone would be starting over from square one.
 Quoting: Rambaldi


So all the countries currently in debt would be happy, but what about the ones that are owed money, like China? They'd be so pissed they'd probably start WW3.
Anonymous Coward
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09/02/2012 03:16 PM
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Re: BREAKING: Debt to Be Wiped Out, Budget Deficit to Be Erased October 1st
It would mean a end to the federal reserve bank and banking controll through usury. An end to the IRS as we know it. Like what happend in Iceland, kick out the bankers and establish a new form of government. An end to fake money out of thin air.

It is not a bad thing, People should be happy about the change many have given their lives for and worked for so long. It has been a long hard war against banking corruption and rule. Let us hope this time it does happen.
 Quoting: Anonymous Coward 5398883


This is just a phase of a long road, If/ when, "Amb. Lee {Leo} A Wanta" recieves funds, the tax off that would pay off a good portion of debt. Time will tell if we can / will go as far as Iceland. It is a war against an unlawful federal reserve. Leo has some good plans for the funds. Ineresting read, look it up. Also look V.K. Durham, Durham trust / gold bonds.
Anonymous Coward
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09/02/2012 03:16 PM
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Re: BREAKING: Debt to Be Wiped Out, Budget Deficit to Be Erased October 1st
Total fantasy. Makes sense only to those who have, ever studied economics. Shall we start?

Lesson #1: there is no free lunch.
Anonymous Coward
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09/02/2012 03:22 PM
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Re: BREAKING: Debt to Be Wiped Out, Budget Deficit to Be Erased October 1st
The only thing Reseting Economy is Jobs & manufacture (Production) you dont save economy saving the banks that created it in the first place ...

the Banks are the problem ... let them collapse .. bail out people not the fucking banks.
Anonymous Coward
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09/02/2012 03:25 PM
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Re: BREAKING: Debt to Be Wiped Out, Budget Deficit to Be Erased October 1st
How to spot a distributor of propaganda BS?

They give themselves a title like:

International Intelligence Expert


The mere words "intelligence expert" fools 80% of the population. LOL

If you were an intelligence expert, do you think you should be sharing news like that before the govt. intelligence organization wants it shared?

If they wanted it shared to mislead you, they would make it look like it was a leak by a so called intelligence expert.

So much bullshit in the world to wade through. LOL
 Quoting: Anonymous Coward 12339688


They have adsense on their website.
Anonymous Coward
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09/02/2012 03:28 PM
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Re: BREAKING: Debt to Be Wiped Out, Budget Deficit to Be Erased October 1st
Ya right, take away your slave masters and you will all starve and kill each other? I had more hope for mankind than self imposed salvery. You are acting like infants.

Let Iceland be an example they kicked bankers out of government and arrested them. Are they at war and starving with no health care. No. Grow up and get some balls and join the effort.
Anonymous Coward
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09/02/2012 03:34 PM
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Re: BREAKING: Debt to Be Wiped Out, Budget Deficit to Be Erased October 1st
Ya right, take away your slave masters and you will all starve and kill each other? I had more hope for mankind than self imposed salvery. You are acting like infants.

Let Iceland be an example they kicked bankers out of government and arrested them. Are they at war and starving with no health care. No. Grow up and get some balls and join the effort.
 Quoting: Anonymous Coward 5398883


^this^
Anonymous Coward
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09/02/2012 04:02 PM
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Re: BREAKING: Debt to Be Wiped Out, Budget Deficit to Be Erased October 1st
That would be disasterous in a way I can't even describe!

But let me fill you in for the people that say the debt is a "Fraud" and an "Illusion".

The United States is the example I will use, since I am most familiar with it's banking regs and Federal Reserve Policies.

The United States has approximately 25 Trillion in Treasury Bonds of various maturities outstanding on the world markets. If you said all debt goes to zero (which is a fairytale) that would wipe out 25 Trillion in wealth around the world, overnight! Countries heavily invested in Treasuries such as China, Saudi Arabia, and Japan would be wiped out and put into essential sovereign default overnight. This would begin a chain reacation that would cause an economic shutdown around the globe. Millions to Billions would starve within months.

Inside the United States our Federal and State banks put their reserves in Treasury Bonds which they buy from the Federal Reserve, they can pledge these bonds back to the Fed for liquidity and capital needs. If you wiped out this debt, you would see almost every bank in the United States go bankrupt overnight. All wealth in this country would be nullified. Banks would lack essential liquidity to fund customer accounts, the FDIC would be out of business within minutes. Customer's accounts, including all business accounts in the country would vaporize into thin air with no recourse.

The value of the dollar would go into free fall. Hyperinflation would be unprecedented and everyone in America would join in the poverty. Commodities would be at a premium, but they would be so expensive they would be out of reach for almost every citizen of the country. Riots and social unrest would explode within hours, starvation would become a reality in the richest country in the world within months.

In essence, Chaos...
 Quoting: Saddletramp


You don't understand, do you?

ALL of that fraudulent paper is based upon itself. It's a circular argument.

You can wipe it all out and NOTHING will change because everybody - EVERYBODY - was using NOTHING based on NOTHING in the first place.

Nothing will blow up or fall down or collapse because nothing existed in the first place.

That said, whoever posted this is full of BS. No debt will be wiped out because the Rothschilds don't ever forgive debt. Period.

But the good part is that there is no such thing as debt when it is all just fake FRNs.
Anonymous Coward
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09/02/2012 04:20 PM
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Re: BREAKING: Debt to Be Wiped Out, Budget Deficit to Be Erased October 1st
Ya right, take away your slave masters and you will all starve and kill each other? I had more hope for mankind than self imposed salvery. You are acting like infants.

Let Iceland be an example they kicked bankers out of government and arrested them. Are they at war and starving with no health care. No. Grow up and get some balls and join the effort.
 Quoting: Anonymous Coward 5398883


This

Control alt delete
Anonymous Coward
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09/02/2012 04:22 PM
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Re: BREAKING: Debt to Be Wiped Out, Budget Deficit to Be Erased October 1st
How many of you know what the Wanta-Reagan-Mitterrand Protocols consists of? How did it come about? Who is Leo Wanta? What does He plan to do with the funds? How much money are we talking about? {hint, 27 T}
I have his email addy but do not want a bunch of childish ignorant attacks on Him, He has been through enough.

Look it up.
ethzero

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09/02/2012 04:23 PM
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Re: BREAKING: Debt to Be Wiped Out, Budget Deficit to Be Erased October 1st
As interesting as it seems..
www.myspace.com
 Quoting:
bvndy

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09/02/2012 04:33 PM
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Re: BREAKING: Debt to Be Wiped Out, Budget Deficit to Be Erased October 1st
debt liquidation is going to happen sooner or later.
Either automatically or with help.
The ancients had something called a jubilee, where all debt was wiped out every seven years.
This was carried into common law, and now is part of the
bankruptcy law, you cannot go bankrupt until seven years
after being bankrupt.
There are currently 500 trillion in derivatives, over
150 trillion in unfunded debt by the govt, including
social insecurity, medicare, etc.
And Obamacare would add 400 trillion.
Anybody that thinks this will be paid is delusional
You can ignore the consequences of
your actions, but you cannot ignore
the RESULTS of the consequences of your actions

Ayn Rand

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