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REPORT ABUSIVE REPLY
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Message Subject
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Looks Like FISA Declass within 48-72hrs
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Poster Handle
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Indiana Jones |
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Post Content
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OP, you have mentioned the "financial reset" a few times. What does that mean?
Quoting: Renaissance Woman The debt that we are carrying "on the books" is just not sustainable. Not to mention the unfunded liabilities in the 10's of trillions. I don't have to be a financial guru to figure that out. We don't have a choice but to reset the financial system. I have no idea how it will play out, but it is coming. In 2008-2009 we should have done it then. Not sure why they didn't, but they didn't. I think the Fed is going away. The only reprieve that I could possibly see is we take the 27+ trillion sitting in an account (s) somewhere and use it to pay the known debt off, use the rest to re-build infrastructure and then go back to treasury backed money. If that were to occur, we would be number 1 in the world and would have a booming economy. I am sure there are far smarter people in the financial world that would have better options / ideas, but that is my take on it. OK, thanks. You mention that you have no idea how this will play out. I'm wondering about us regular people; what happens to us? I'm talking about mortgages, credit card debt, savings accounts, retirement accounts (stock/mutual funds, etc.), and even cash on hand -- are those helped or hurt? Are we blessed or screwed? When it happens, it will be very volatile for a period of time. I think in the long run, we will be alright.
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