IMPLOSION ALERT: Fed Has Bought More Gov't Debt This Year Than Gov't Has Issued

Yes, but our social fall is ahead of our financial collapse.



We are. But as a contry we are "house poor."

Last Edited by IIIIIth on 02/14/2013 08:53 AM

Soon, it will all come crashing down and people are going to be scrambling all over the place. It's going to get ugly quick.. Why do you think they have been buying up all the ammo? And introducing the drones to the US?

So is government debt on backorder ?

What does a Clyde Lewis listener, alien abductee, and targeted individual say about all of this:

stock up...

okay I have about a years worth of food to feed the family. We'll be short on meat, but I have a garden, canned goods and some freezer provisions.


How long after 'collapse' and everything shuts down, before food will be available again in the stores with the new money (i'm sure it will be some kind of invisable money').

Do you think it will be months?
Years?

Do you think the government will just take over all capitalistic corps. (interupt the food chain) and turn the country facist, and allow food to be bought only through a system they set up.

Makes you think about the beasts mark.

I'm terrified.

But I have faith in God.

Should I by more food to keep the belly's of my children full?

My husband said that he thinks it'll be three months, then we will get an allotment allowance per person to buy food.

Oh my gosh, I think I'll be ordering from my seed catalog today.

I think it will happen fast when it really starts to unwind.

Well, since money is debt that's not really surprising. But who got the cash and for what? And if you had the same money supply & no national debt couldn't the market still be at the same level?

Good idea. I think we probably could ramp up efficiency tech and focus on recycling raw materials more. But, getting resources from outside of earth is going to be big too. We'll need resource for outside colonies and could possibly bring some back to earth if it's not cost prohibitive. Some companies have already been started:

[link to www.space.com]

[link to www.space.com]

[link to news.yahoo.com]

but ob wan says state of our union is strong
hmm

No, you're absolutely right, and those are great points. But I didn't say I didn't get buying gold as a store of value. I merely said I didn't get the gold standard. It's a fraud too since the amount of money created is restricted artificially by a metal that's predominantly elite controlled. And if you're still creating money as debt.... and have to service it w/ interest all the time, then that restriction becomes prohibitive to creating jobs and things of value.

The fractional reserve and debt nature of the system it seems are the main things you're protesting and the gold advocates I believe keep those around.... it's just that they want the overall supply of money to be restricted by the gold supply. I think it would make more sense to consider gdp when deciding restrictions on annual printing, and not the quantity of a stupid rock. The assets of any nation (gold & otherwise) are basically the collateral for it's debt one way or another, so there's no reason to only consider our gold supply when figuring out how much we can print. Just my opinion. I think Ron Paul has even softened his stance on gold a bit too lately, and I've heard him talking about competing currencies, I guess one or more of which could be gold or silver backed for people who want that.

Gold is hardly a "stupid rock". It has been used as money for several thousand years.

Yeah, but the point is you can still use it as money while not restricting the money supply by pinning it only to gold. Gold and gdp don't necessarily grow at the same rate, so why pin to gold?

Go to ZeroHedge and read the comments, they'll tell you as always,
Its all bullish, until it crashes.

It's called

Kick the can, on down the road.
--Tyler Durden, ZeroHedge

ZeroHedge understands the problem.

That's why I suggested ZeroHedge. Not Shilling.

Zerohedge gets the severity of the U.S.'s true financial situation. Their stuff's always a good read.

You certainly have a point. The problem is a fiat currency is just that.

YES...moving along nicely....

Yes, but gold is not manipulation free and in fact a gold cartel could mess with the price, causing booms and busts and slowly but surely repo what the economy creates. Let people build stuff.... repo. Let build.... repo. Boom/bust forever... slowly gobble up economy. In fact, that happens now to some extent but at least we can print to help make up for pieces of the pie extracted by the elite. But with a gold standard we wouldn't be able to do that and so it could be quite insidious. They boom and bust us into poverty and slowly extract the wealth and then we're stuck and not able to print our way out. Look to Europe; They thought socialism would save them but they kept the financial hijinks going on and got looted. And many of those countries gave up their printing power and you see the austerity and asset stripping being done now in place of being able to create that new capital. So, beware of the gold standard; It could end up way worse than what we have now and is another card played by the money changers. Notice that the gold standard advocates usually never want to address the money as debt issue either. If money is debt then you have to print to service the accumulating debt. The gold standard restriction then just exacerbates the descent into austerity and asset stripping. Ask the gold standard types why money should be debt while simultaneously we should restrict our printing to a rock that the elite control and can manipulate? Do they want us to be slaves?


You could implement additional controls to try to stop the manipulation, but we know the govt. is usually one step behind, so hoping that the regulations would keep gold manipulation under wraps is probably a silly assumption. So, it makes more sense just go go straight fiat. Again, it's still backed by whatever you can buy with it. That's why they talk about confidence so much. So, as long as we don't inflate too much, that confidence will be there and people can "back" their personal wealth with whatever they choose to buy. And more savings minded individuals can buy things that store value well like metals or land, etc. I understand that with straight fiat, you could overprint, but that's why I propose and annual limit tied to gdp. And the fed govt. could be corrupt and waste money, so that's why I propose perhaps dividing that power among the 50 states to keep it more in the people's grasp. At least, let's keep the option of printing because we might need it. It's nice to think that we won't need it and the elite will fund our businesses if need be. But, perhaps they won't. Google "elite hiding 18 trillion offshore". And in addition many of them have more material wealth than anyone needs anyway. I'm not saying that's bad. I'm just saying we might need to print sometimes and shouldn't restrict ourselves artificially, especially to a metal that has been known to be manipulated in the past.

Last Edited by __________ on 02/17/2013 03:35 AM