It's been a while since we had some good Financial DOOM news! Here you go! March 15, 2017!!

Now he tells me!

:ohlook:

Laws are subject to change.

Wouldn't it be great to just print $100 bills from your ink jet at home. Sure, it is based on zero assets, but it is just what our Federal Reserve does right? So it is okay to do right?

Laws are subject to change.

Trumptards solution proving they are insane...keep doing more of the same expecting different results

If the Federal Reserve was abolished, like Bernie Sanders said, the U.S. Treasury could print its own money AND NOT HAVE TO PAY INTEREST TO THE BLOODSUCKING FED.

The U.S. Treasury, just like any other country's government, does not have to pay some one else to print and loan it money, it's constitutionally empowered to print its own.

There wouldn't be a 20 trillion dollar debt if the U.S. Treasury was not robbed of its printing rights in 1913 by the 7 biggest banks and a bunch of traitorist corrupt Congressmen voting it in.

The National Debt is a fraudulent liability inflicted by the private banks that own the Federal Reserve. Since 1913 it's been the goal to ensnare the U.S. Government in an inescapable trap that has made TRILLIONS in profits for the largest banks in the world.

Stand back, and prepare to be in awe...

:trumpeyes:

Former White House Budget Director David Stockman drops a bomb in his latest interview by saying, “I think what people are missing is this date, March 15th 2017. That’s the day that this debt ceiling holiday that Obama and Boehner put together right before the last election in October of 2015. That holiday expires. The debt ceiling will freeze in at $20 trillion. It will then be law. It will be a hard stop. The Treasury will have roughly $200 billion in cash. We are burning cash at a $75 billion a month rate. By summer, they will be out of cash. Then we will be in the mother of all debt ceiling crises. Everything will grind to a halt. I think we will have a government shutdown. There will not be Obama Care repeal and replace. There will be no tax cut. There will be no infrastructure stimulus. There will be just one giant fiscal bloodbath over a debt ceiling that has to be increased and no one wants to vote for.”



link [link to www.youtube.com (secure)]

In awe of the abject fucking ignorance involved in worshiping a politician mebbe.

There will be ways around it.

They've been kicking the can down the road for years now.

I wouldn't get too doomish here. Stockman's basis for this March 15th doom date is the upcoming debt ceiling deadline. I thought his argument would be more substantial that that. All the fucking government will do is simply raise the debt ceiling once again like they always have in the past.

They've been kicking the can down the road for years now.

Obama add 14 trillion dollars.

Former White House Budget Director David Stockman drops a bomb in his latest interview by saying, “I think what people are missing is this date, March 15th 2017. That’s the day that this debt ceiling holiday that Obama and Boehner put together right before the last election in October of 2015. That holiday expires. The debt ceiling will freeze in at $20 trillion. It will then be law. It will be a hard stop. The Treasury will have roughly $200 billion in cash. We are burning cash at a $75 billion a month rate. By summer, they will be out of cash. Then we will be in the mother of all debt ceiling crises. Everything will grind to a halt. I think we will have a government shutdown. There will not be Obama Care repeal and replace. There will be no tax cut. There will be no infrastructure stimulus. There will be just one giant fiscal bloodbath over a debt ceiling that has to be increased and no one wants to vote for.”



link [link to www.youtube.com (secure)]

Yes, inflation cometh. Oil prices will rise, increasing the costs of production and transportation. Utility bills will go higher, food prices will rise (already have).

President Trump is doing all he can to cut expenses, but will it be enough to prevent a total collapse?

Congress can repeal the Federal Reserve Act and put control of the money back in the Treasury:

Repeal the Federal Reserve Act:

A simple majority vote in both houses of Congress is all that is required to repeal the Federal Reserve Act. Section 31 of the Act states that "The right to amend, alter, or repeal this Act is hereby expressly reserved".

Congress has the power to dissolve the Federal Reserve and should exercise this prerogative before we enter into yet another period of inflation or stagnation. The Federal government would be obligated to buy back its stock in the Federal Reserve, which would cost about 1 billion dollars. Section 7 of the Federal Reserve Act says that if the Fed is dissolved, the surplus becomes the property of the United States.

The Fed is estimated to be worth, according to its own March, 1982 issue of the "Federal Reserve Bulletin, $168.5 billion, with an additional estimate of $92 billion in gold, which comes to a grand total of $250 billion dollars". This money would revert directly to the U.S. Treasury.

[link to www.inlibertyandfreedom.com]

Until Congress grows some balls, brace yourselves for the hard times ahead.

Stockman is a bitter old globalist NWO hack. He makes the rounds on major financial tv shows spewing this same garbage. We'll revisit this his thread in a month and see how wrong he was. He's an anti-Trumper, doing the bidding of the establishment elites, fuck off Stockman