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Boehner: “Absolutely” Trusts Obama, Also Says U.S. Doesn’t Have Immediate Crisis In Terms Of Debt.REALLY!?

 
Anonymous Coward
User ID: 19031063
Philippines
03/18/2013 01:47 AM
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Re: Boehner: “Absolutely” Trusts Obama, Also Says U.S. Doesn’t Have Immediate Crisis In Terms Of Debt.REALLY!?
The debt to GDP ratio is within historical norms, is it not?
 Quoting: Anonymous Coward 27235266


it was worst under the Crater administration with 117%

but this one will probably beat that soon
Anonymous Coward
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United States
03/18/2013 04:23 AM
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Re: Boehner: “Absolutely” Trusts Obama, Also Says U.S. Doesn’t Have Immediate Crisis In Terms Of Debt.REALLY!?
the debt debate is misleading...

The government owns the debt and we the people have been pledged to “keep the system rolling.” Its not real, lawful currency. Its legal (there is a difference), but they have fixed the system in order to prevent people from acquiring real wealth (assets). In essence, by increasing our debt it becomes harder for people to live day to day. That’s what they want. It will never get to the point where “we are all fucked,” because they still need a population to service their scheme. Sure, a hefty part of the population will continue to struggle, but most people will only feel a slow and steady rise in the cost of living.

Debt means jack shit. If you were to look on their balance sheets, you would see the fed and banks have more than triple (at least) the amount of debt in hard assets and/or other resources. They don’t give a rats ass about “money” (FRN’s) because it is just a tool. It’s a tool to allow the cartel to stay in position.

There is still a crisis, but you can always count on the government to only tell half the story.

However, I still believe things can and will get worse as people are still dependant and have no clue how fractional reserve banking and debt based economies actually work.

Boehner is correct, there is no crisis because the government owns more than triple the debt in actual assets. They have more wealth than you can imagine, it’s a sham. Its like when our local schools and police departments (actually any municipality/gov/corp) levy new taxes to pay for things because they are “broke,” but have billions of your money locked up in investments.

If you had -$50.00 (debt) in the bank but gold worth $150.00 in your house, are you in crisis? No, you would just sell your resources to balance your account…
Anonymous Coward
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United States
03/18/2013 04:38 AM
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Re: Boehner: “Absolutely” Trusts Obama, Also Says U.S. Doesn’t Have Immediate Crisis In Terms Of Debt.REALLY!?
the debt discussion along with other gubment topics is ploy to keep the masses in panic/survival mode. It’s a freaking scripted show…QUIT DISCUSSING IT! you are perpetuating fear and inefficiency. How can the government be in debt to itself?

There are too many stupid threads, albeit entertaining, about the wrong doing of the gov. Quit complaining and enabling terrorists by spouting this crap on a site where millions can view your garbage. If you going to put finger to keyboard, actually contribute something of value; like how to reduce consumption and recycling debt. Discuss how to operate independently, without assistance from anyone. Learn the system and how it work against anyone who is in it, and come up with tangible plans to alleviate your local situation. IGNORE THESE PRICKS IN POSITION!
Anonymous Coward
User ID: 27235266
United States
03/18/2013 06:54 AM
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Re: Boehner: “Absolutely” Trusts Obama, Also Says U.S. Doesn’t Have Immediate Crisis In Terms Of Debt.REALLY!?
the debt debate is misleading...

The government owns the debt and we the people have been pledged to “keep the system rolling.” Its not real, lawful currency. Its legal (there is a difference), but they have fixed the system in order to prevent people from acquiring real wealth (assets). In essence, by increasing our debt it becomes harder for people to live day to day. That’s what they want. It will never get to the point where “we are all fucked,” because they still need a population to service their scheme. Sure, a hefty part of the population will continue to struggle, but most people will only feel a slow and steady rise in the cost of living.

Debt means jack shit. If you were to look on their balance sheets, you would see the fed and banks have more than triple (at least) the amount of debt in hard assets and/or other resources. They don’t give a rats ass about “money” (FRN’s) because it is just a tool. It’s a tool to allow the cartel to stay in position.

There is still a crisis, but you can always count on the government to only tell half the story.

However, I still believe things can and will get worse as people are still dependant and have no clue how fractional reserve banking and debt based economies actually work.

Boehner is correct, there is no crisis because the government owns more than triple the debt in actual assets. They have more wealth than you can imagine, it’s a sham. Its like when our local schools and police departments (actually any municipality/gov/corp) levy new taxes to pay for things because they are “broke,” but have billions of your money locked up in investments.

If you had -$50.00 (debt) in the bank but gold worth $150.00 in your house, are you in crisis? No, you would just sell your resources to balance your account…
 Quoting: Anonymous Coward 1565431


Exactly the debt is just an accounting scheme. If you could issue your own currency, how much debt would you issue yourself? I would only issue a plus or positive balance into the economy, myself!! The debt is intentional in order to try and keep the government in line. As least that's the theory. Some would say its intentional just to enrich bond holders, but how much money are they making right now??

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