The monetary system will utter collapse in 60 days, currency will be worthless by Christmas | |
Anonymous Coward User ID: 1547003 United States 09/12/2011 09:26 PM Report Abusive Post Report Copyright Violation | I got a huge hit on the greece crisis, The problem is not the amount of the debt, but rather the political will of the governments to pay it, Quoting: cg In the us, the debt crisis nearly had the dollar default, now germany, is letting go of greece, that means breaking the lisbon treaty and that would have been unthinkable 10 years ago, Bigger point is that if Greece goes then Italy, Spain, Portugal and Ireland go right along side them, That is easily north of a trillion euros, and someone has to pay that debt or the system fails, banks collapse and around the world it goes at the light speed of the connected world. Days, weeks, Then to the us, where we have a tea party screaming default and we lack the political will to pony up the several trillion dollars that would be needed to guarantee the debt, no guarantee, then banks fail and payroll disappears and then the banks have no assets and savings simply disappear, Of course, by the time it gets to that point, they will find the political will but the resulting tangle of so many voices screaming for their share will mean the utter fail of money as we know it. Money is backed not by hard assets but by a government's willingness to stand behind their debt, and when a government is no longer willing during a tough time, then there is no money it becomes worthless and will become so quickly, Then everything becomes a barter, literally everything until they establish a new currency, maybe that mythical one world currency of the antichrist, who knows, but it will get started and then we all get a slice to do with as we collectively please. i see this coming, it is all because there are no emergency powers, fin reg, the mortgage crisis all had things put in that banks and institutions could not do, nobody put in the powers of providing the money when needed, the fed has powers, and that may be all that stand in the way of utter doom, but to print 3 trillion dollars may be too much for the fed's mandate, they did have to go to congress for 700 billion and now they will probably need 2-3 times that. And so it shall come to pass but dont you think it was all by design? |
cg
(OP) User ID: 1119788 United States 09/12/2011 09:27 PM Report Abusive Post Report Copyright Violation | No it was not by design Let be be finale of seem The only emperor is the emperor of ice cream--Wallace Stevens I have seen the eternal footman hold my coat and snicker and in short I was afraid--T.S. Eliot [email protected] Back on twitter--follow me [email protected] |
cdevidal
User ID: 511509 United States 09/12/2011 09:30 PM Report Abusive Post Report Copyright Violation | Similar analysis on Minyanville: On June 12, I re-offered an itemized list of scenarios entitled “Lehman in Drag” that I came across and the trickle effect that may potentially unfold. As disturbing as they may be, what Europe is dealing with is a larger sovereign debt-fueled disease we witnessed in our banking sector in 2008. 1. Every bank in Greece will instantly become insolvent. 2. Greek government will gate all withdrawals (depositors) from its banks. 3. To prevent and manage riots by depositors, a curfew will be implemented. So far as to consider Martial Law. Read more [link to www.minyanville.com] Last Edited by Account Deleted by User on 09/12/2011 10:12 PM |
cg
(OP) User ID: 1119788 United States 09/12/2011 09:34 PM Report Abusive Post Report Copyright Violation | They will be asking this question for the next fifty years, trust me, it will be bigger than who shot jfk!! What caused this will simply be the fact that the computer is showing politicians and finance ministers and bankster the true feelings of the governed. The government used to go against the popular opinion for the greater good in the old days, because they know the people wanted to be clothed and fed and did not care about other things and could stomach unfairness if they did not know. Now everyone knows the inherent unfairness of the system and they are collective fed up, this means no new debt, when freaking bankster central germany will not pony up ten billion euros on greece, they know the strength of the will of the people. In fact any casual glp user knows. They want default, because the system is so unfair now and they hate being without while the so called elite live so lavishly, it is not just bringing the elite down but not getting scammed by the government, they do not want to finance all this crap while they struggle one step from a tent city. In the end, the dominoes will fall and unless we find 3 trillion give or take it all goes down. Let be be finale of seem The only emperor is the emperor of ice cream--Wallace Stevens I have seen the eternal footman hold my coat and snicker and in short I was afraid--T.S. Eliot [email protected] Back on twitter--follow me [email protected] |
cg
(OP) User ID: 1119788 United States 09/12/2011 09:40 PM Report Abusive Post Report Copyright Violation | ha!!! They will only reconfigure the charter when all hell has broken loose and there is a world wide bank run. What I wonder about is the fed. Does its charter allow for an unlimited run of the printing presses If so the dollar becomes hyper inflated, weimer style,the other is that money is effectively vaporized when banks no longer give back deposits, overwhelms the fdic, These are the questions thathave to be answered, how fast can they move Let be be finale of seem The only emperor is the emperor of ice cream--Wallace Stevens I have seen the eternal footman hold my coat and snicker and in short I was afraid--T.S. Eliot [email protected] Back on twitter--follow me [email protected] |
Anonymous Coward User ID: 1547123 United States 09/12/2011 09:48 PM Report Abusive Post Report Copyright Violation | They will be asking this question for the next fifty years, trust me, it will be bigger than who shot jfk!! Quoting: cg What caused this will simply be the fact that the computer is showing politicians and finance ministers and bankster the true feelings of the governed. The government used to go against the popular opinion for the greater good in the old days, because they know the people wanted to be clothed and fed and did not care about other things and could stomach unfairness if they did not know. Now everyone knows the inherent unfairness of the system and they are collective fed up, this means no new debt, when freaking bankster central germany will not pony up ten billion euros on greece, they know the strength of the will of the people. In fact any casual glp user knows. They want default, because the system is so unfair now and they hate being without while the so called elite live so lavishly, it is not just bringing the elite down but not getting scammed by the government, they do not want to finance all this crap while they struggle one step from a tent city. In the end, the dominoes will fall and unless we find 3 trillion give or take it all goes down. How many times has this happened before? We have already had two world wars over this. Trifecta. |
cg
(OP) User ID: 1119788 United States 09/12/2011 09:54 PM Report Abusive Post Report Copyright Violation | This has all happened before and it will all happen again, economic war, then nuclear war. In a world without money, who controls the natural resources. like oil, We can organize our country but we would have to seize the greater middle east and venezuela and mexico to meet our energy needs and then what do the other countries do, china? Russia has oil and weapons and wants to be paid, it all goes down, because this internet era can ascertain opinion more quickly than ever and turn that into policy, however, they cannot undo the consequences of short sighted emotional policy which is at the heart of the debt crisis. people have been bought off for centuries for the greater good, now the world is sick of it and going to take it to the max to stop it, even if that means the end of the economic system, just in time for 2012. Who would have thought? Let be be finale of seem The only emperor is the emperor of ice cream--Wallace Stevens I have seen the eternal footman hold my coat and snicker and in short I was afraid--T.S. Eliot [email protected] Back on twitter--follow me [email protected] |
Anonymous Coward User ID: 1547123 United States 09/12/2011 09:58 PM Report Abusive Post Report Copyright Violation | This has all happened before and it will all happen again, economic war, then nuclear war. Quoting: cg In a world without money, who controls the natural resources. like oil, We can organize our country but we would have to seize the greater middle east and venezuela and mexico to meet our energy needs and then what do the other countries do, china? Russia has oil and weapons and wants to be paid, it all goes down, because this internet era can ascertain opinion more quickly than ever and turn that into policy, however, they cannot undo the consequences of short sighted emotional policy which is at the heart of the debt crisis. people have been bought off for centuries for the greater good, now the world is sick of it and going to take it to the max to stop it, even if that means the end of the economic system, just in time for 2012. Who would have thought? Let it all go and watch it come back to you like a boomerang. |
Anonymous Coward User ID: 1547099 United States 09/12/2011 10:01 PM Report Abusive Post Report Copyright Violation | |
cg
(OP) User ID: 1119788 United States 09/12/2011 10:05 PM Report Abusive Post Report Copyright Violation | While this happens, China bubbles as its real estate market has bubbled to Las Vegas like levels and with their higher inflation fighting rates, can u say bursting bubble there too, the developing world will go into recession at exactly the wrong time, and there will be a need for massive influxes of money to keep the system up just when the economies are collectively in recession and that is the end of it all. Gone goodbye. Let be be finale of seem The only emperor is the emperor of ice cream--Wallace Stevens I have seen the eternal footman hold my coat and snicker and in short I was afraid--T.S. Eliot [email protected] Back on twitter--follow me [email protected] |
Anonymous Coward User ID: 1066534 United States 09/12/2011 10:06 PM Report Abusive Post Report Copyright Violation | When Americans see the Greeks killing their leaders in the street while they get gunned down... then Americans will understand where the world is REALLY going. A massacre is coming, and it won't be those who truly deserve it that get killed, it will be the people who couldn't fly away on their G5's in time. Sad. A time of global upheaval is upon us. |
Anonymous Coward User ID: 1547123 United States 09/12/2011 10:11 PM Report Abusive Post Report Copyright Violation | When Americans see the Greeks killing their leaders in the street while they get gunned down... Quoting: Anonymous Coward 1066534 then Americans will understand where the world is REALLY going. A massacre is coming, and it won't be those who truly deserve it that get killed, it will be the people who couldn't fly away on their G5's in time. Sad. A time of global upheaval is upon us. The sharks of hades. Too much blood even for pluto, but there it is right before us all. We are already speaking from the future. All of us baptized in blood. |
cg
(OP) User ID: 1119788 United States 09/12/2011 10:12 PM Report Abusive Post Report Copyright Violation | When Americans see the Greeks killing their leaders in the street while they get gunned down... Quoting: Anonymous Coward 1066534 then Americans will understand where the world is REALLY going. A massacre is coming, and it won't be those who truly deserve it that get killed, it will be the people who couldn't fly away on their G5's in time. Sad. A time of global upheaval is upon us. this is getting all too true, all too real, money is about to disappear, simply because the political will is not there. leaders do not have the luxury, Merkel or Obama of decisive action, "you will hate this now but like it later." or I am doing this even if my popularity goes to zero.' that is what bush said about invading Iraq, he just went ahead and did it. We need someone to stem this disaster before it happens, prepare a stabilization fund for an emergency, broaden the feds powers, this really needs to be looked at, can the fed simply print two trillion dollars and inject them into the system??? Why did the fed not simply pump more money into the system and stave off default in August?? Let be be finale of seem The only emperor is the emperor of ice cream--Wallace Stevens I have seen the eternal footman hold my coat and snicker and in short I was afraid--T.S. Eliot [email protected] Back on twitter--follow me [email protected] |
cg
(OP) User ID: 1119788 United States 09/12/2011 10:12 PM Report Abusive Post Report Copyright Violation | When Americans see the Greeks killing their leaders in the street while they get gunned down... Quoting: Anonymous Coward 1066534 then Americans will understand where the world is REALLY going. A massacre is coming, and it won't be those who truly deserve it that get killed, it will be the people who couldn't fly away on their G5's in time. Sad. A time of global upheaval is upon us. The sharks of hades. Too much blood even for pluto, but there it is right before us all. We are already speaking from the future. All of us baptized in blood. Well then, We better do something about it!!!!!! Let be be finale of seem The only emperor is the emperor of ice cream--Wallace Stevens I have seen the eternal footman hold my coat and snicker and in short I was afraid--T.S. Eliot [email protected] Back on twitter--follow me [email protected] |
Anonymous Coward User ID: 1541817 United States 09/12/2011 10:14 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1183343 United States 09/12/2011 10:16 PM Report Abusive Post Report Copyright Violation | |
Jeremy
User ID: 1291161 United States 09/12/2011 10:16 PM Report Abusive Post Report Copyright Violation | When Americans see the Greeks killing their leaders in the street while they get gunned down... Quoting: Anonymous Coward 1066534 then Americans will understand where the world is REALLY going. A massacre is coming, and it won't be those who truly deserve it that get killed, it will be the people who couldn't fly away on their G5's in time. Sad. A time of global upheaval is upon us. this is getting all too true, all too real, money is about to disappear, simply because the political will is not there. leaders do not have the luxury, Merkel or Obama of decisive action, "you will hate this now but like it later." or I am doing this even if my popularity goes to zero.' that is what bush said about invading Iraq, he just went ahead and did it. We need someone to stem this disaster before it happens, prepare a stabilization fund for an emergency, broaden the feds powers, this really needs to be looked at, can the fed simply print two trillion dollars and inject them into the system??? Why did the fed not simply pump more money into the system and stave off default in August?? Surely you're not implying that the federal reserve can save the system by printing more money...the notion is so ludicrous it's laughable. |
Rise Above The Fear
User ID: 1502560 United States 09/12/2011 10:17 PM Report Abusive Post Report Copyright Violation | This will no doubt be the REAL DOOM that all wish for on here...good post OP! Im glad it was not littered with buy gold buy gold..it will not save you this time! This will be the worse of the wore nightmares you can imagine in this country.. our people are not use to doing WITHOUT, and that means complete melt down and blood will fill the streets and when the dust clears it will (not be a better world at all) like most are hoping for. This will for sure be a power grab from the urban/rural level all the way to the top! but hey what do I know? Have ammo and wine! |
MrCash
User ID: 336838 United States 09/12/2011 10:18 PM Report Abusive Post Report Copyright Violation | this is getting all too true, all too real, money is about to disappear, simply because the political will is not there. leaders do not have the luxury, Merkel or Obama of decisive action, "you will hate this now but like it later." or I am doing this even if my popularity goes to zero.' that is what bush said about invading Iraq, he just went ahead and did it. Quoting: cg We need someone to stem this disaster before it happens, prepare a stabilization fund for an emergency, broaden the feds powers, this really needs to be looked at, can the fed simply print two trillion dollars and inject them into the system??? Why did the fed not simply pump more money into the system and stave off default in August?? Oh, very clever trick, OP. You had me until you suggested giving the fed more power. "...and we dance to the music that plays in our teeth..." :GLPbook: |
cg
(OP) User ID: 1119788 United States 09/12/2011 10:18 PM Report Abusive Post Report Copyright Violation | When Americans see the Greeks killing their leaders in the street while they get gunned down... Quoting: Anonymous Coward 1066534 then Americans will understand where the world is REALLY going. A massacre is coming, and it won't be those who truly deserve it that get killed, it will be the people who couldn't fly away on their G5's in time. Sad. A time of global upheaval is upon us. this is getting all too true, all too real, money is about to disappear, simply because the political will is not there. leaders do not have the luxury, Merkel or Obama of decisive action, "you will hate this now but like it later." or I am doing this even if my popularity goes to zero.' that is what bush said about invading Iraq, he just went ahead and did it. We need someone to stem this disaster before it happens, prepare a stabilization fund for an emergency, broaden the feds powers, this really needs to be looked at, can the fed simply print two trillion dollars and inject them into the system??? Why did the fed not simply pump more money into the system and stave off default in August?? Surely you're not implying that the federal reserve can save the system by printing more money...the notion is so ludicrous it's laughable. No, I am not saying that at all, I am saying that may be the only option I see to prevent the complete ant total collapse of the dollar and the total collapse of the entire monetary system Let be be finale of seem The only emperor is the emperor of ice cream--Wallace Stevens I have seen the eternal footman hold my coat and snicker and in short I was afraid--T.S. Eliot [email protected] Back on twitter--follow me [email protected] |
cg
(OP) User ID: 1119788 United States 09/12/2011 10:20 PM Report Abusive Post Report Copyright Violation | this is getting all too true, all too real, money is about to disappear, simply because the political will is not there. leaders do not have the luxury, Merkel or Obama of decisive action, "you will hate this now but like it later." or I am doing this even if my popularity goes to zero.' that is what bush said about invading Iraq, he just went ahead and did it. Quoting: cg We need someone to stem this disaster before it happens, prepare a stabilization fund for an emergency, broaden the feds powers, this really needs to be looked at, can the fed simply print two trillion dollars and inject them into the system??? Why did the fed not simply pump more money into the system and stave off default in August?? Oh, very clever trick, OP. You had me until you suggested giving the fed more power. I think I screwed up on the fed, my apologies, but instead of focusing on my opinion, focus instead of my trying to see the future, would it not be absolutely diabolical for the fed to seize all power during this crisis??? Isn't that a true perversion of the system Let be be finale of seem The only emperor is the emperor of ice cream--Wallace Stevens I have seen the eternal footman hold my coat and snicker and in short I was afraid--T.S. Eliot [email protected] Back on twitter--follow me [email protected] |
Anonymous Coward User ID: 1547123 United States 09/12/2011 10:23 PM Report Abusive Post Report Copyright Violation | When Americans see the Greeks killing their leaders in the street while they get gunned down... Quoting: Anonymous Coward 1066534 then Americans will understand where the world is REALLY going. A massacre is coming, and it won't be those who truly deserve it that get killed, it will be the people who couldn't fly away on their G5's in time. Sad. A time of global upheaval is upon us. this is getting all too true, all too real, money is about to disappear, simply because the political will is not there. leaders do not have the luxury, Merkel or Obama of decisive action, "you will hate this now but like it later." or I am doing this even if my popularity goes to zero.' that is what bush said about invading Iraq, he just went ahead and did it. We need someone to stem this disaster before it happens, prepare a stabilization fund for an emergency, broaden the feds powers, this really needs to be looked at, can the fed simply print two trillion dollars and inject them into the system??? Why did the fed not simply pump more money into the system and stave off default in August?? Surely you're not implying that the federal reserve can save the system by printing more money...the notion is so ludicrous it's laughable. No, I am not saying that at all, I am saying that may be the only option I see to prevent the complete ant total collapse of the dollar and the total collapse of the entire monetary system when things get old they die. Birth pains, nothing more. |
cg
(OP) User ID: 1119788 United States 09/12/2011 10:32 PM Report Abusive Post Report Copyright Violation | Basically, I don't want to die, Bought stuff in a lunch place and a walgreens, could see the darkness in the cashier's eyes, I think one shortchanged me of a dollar, I was not paying attention and then the change was short, Those were eys of someone constrained by the law, eyes that thousands and thousands of others have who would riot and kill but for police and guns, and with no money, it will be a riot for there may be no more protection, Let be be finale of seem The only emperor is the emperor of ice cream--Wallace Stevens I have seen the eternal footman hold my coat and snicker and in short I was afraid--T.S. Eliot [email protected] Back on twitter--follow me [email protected] |
Jeremy
User ID: 1291161 United States 09/12/2011 10:32 PM Report Abusive Post Report Copyright Violation | this is getting all too true, all too real, money is about to disappear, simply because the political will is not there. leaders do not have the luxury, Merkel or Obama of decisive action, "you will hate this now but like it later." or I am doing this even if my popularity goes to zero.' that is what bush said about invading Iraq, he just went ahead and did it. Quoting: cg We need someone to stem this disaster before it happens, prepare a stabilization fund for an emergency, broaden the feds powers, this really needs to be looked at, can the fed simply print two trillion dollars and inject them into the system??? Why did the fed not simply pump more money into the system and stave off default in August?? Oh, very clever trick, OP. You had me until you suggested giving the fed more power. I think I screwed up on the fed, my apologies, but instead of focusing on my opinion, focus instead of my trying to see the future, would it not be absolutely diabolical for the fed to seize all power during this crisis??? Isn't that a true perversion of the system I see your future and it leads to more of the same and worse to come. More boom and bust cycles. Are you seriously suggesting that the federal reserve takes over the system completely? Either you are delusional, a shill or this is the Onion. Hmmm...I'm hoping delusional. The total systematic collapse would be the best thing that could happen, as long as at the end we get to be free from government controls. If however it leads to straight out facism and tyranny, then no thanks I'll pass. I'm afraid it is inevitable either way at this point. 5 years from now we'll all be immigrating to Mexico to find work and escape tyranny, to get a ticket to china. |
geerod
User ID: 842668 United States 09/12/2011 10:33 PM Report Abusive Post Report Copyright Violation | |
cg
(OP) User ID: 1119788 United States 09/12/2011 10:37 PM Report Abusive Post Report Copyright Violation | Everything is so rigged in the markets today.It's so in your face.Just look at the Dow today.All day it was in the red and at 3:00pm shot straight upwards.WHY?????No good news to report.It's so fixed it's criminal!!!!! Quoting: geerod All casinos are rigged, I discovered that the hard way, and they play on greed, and then rig more and then u know it is a rigged game and still play because they feed on your own addicition to the action, to the feeling, Can such a system be the basis of monetary echanges?? Let be be finale of seem The only emperor is the emperor of ice cream--Wallace Stevens I have seen the eternal footman hold my coat and snicker and in short I was afraid--T.S. Eliot [email protected] Back on twitter--follow me [email protected] |
Anonymous Coward User ID: 1540313 United States 09/12/2011 10:37 PM Report Abusive Post Report Copyright Violation | I got a huge hit on the greece crisis, The problem is not the amount of the debt, but rather the political will of the governments to pay it, Quoting: cg In the us, the debt crisis nearly had the dollar default, now germany, is letting go of greece, that means breaking the lisbon treaty and that would have been unthinkable 10 years ago, Bigger point is that if Greece goes then Italy, Spain, Portugal and Ireland go right along side them, That is easily north of a trillion euros, and someone has to pay that debt or the system fails, banks collapse and around the world it goes at the light speed of the connected world. Days, weeks, Then to the us, where we have a tea party screaming default and we lack the political will to pony up the several trillion dollars that would be needed to guarantee the debt, no guarantee, then banks fail and payroll disappears and then the banks have no assets and savings simply disappear, Of course, by the time it gets to that point, they will find the political will but the resulting tangle of so many voices screaming for their share will mean the utter fail of money as we know it. Money is backed not by hard assets but by a government's willingness to stand behind their debt, and when a government is no longer willing during a tough time, then there is no money it becomes worthless and will become so quickly, Then everything becomes a barter, literally everything until they establish a new currency, maybe that mythical one world currency of the antichrist, who knows, but it will get started and then we all get a slice to do with as we collectively please. i see this coming, it is all because there are no emergency powers, fin reg, the mortgage crisis all had things put in that banks and institutions could not do, nobody put in the powers of providing the money when needed, the fed has powers, and that may be all that stand in the way of utter doom, but to print 3 trillion dollars may be too much for the fed's mandate, they did have to go to congress for 700 billion and now they will probably need 2-3 times that. And so it shall come to pass Watching all this shit go down, the last few months has scared the bejeezes out of me. I can picture the fallout w/no problem, hell on earth is coming, and I don't mean that having anything to do with religion. There is no where to hide, and not much one can do. It is amazing to live during the fall of a great empire(USA). It will be amazing to watch, and terrible to live through. |
MrCash
User ID: 336838 United States 09/12/2011 10:38 PM Report Abusive Post Report Copyright Violation | this is getting all too true, all too real, money is about to disappear, simply because the political will is not there. leaders do not have the luxury, Merkel or Obama of decisive action, "you will hate this now but like it later." or I am doing this even if my popularity goes to zero.' that is what bush said about invading Iraq, he just went ahead and did it. Quoting: cg We need someone to stem this disaster before it happens, prepare a stabilization fund for an emergency, broaden the feds powers, this really needs to be looked at, can the fed simply print two trillion dollars and inject them into the system??? Why did the fed not simply pump more money into the system and stave off default in August?? Oh, very clever trick, OP. You had me until you suggested giving the fed more power. I think I screwed up on the fed, my apologies, but instead of focusing on my opinion, focus instead of my trying to see the future, would it not be absolutely diabolical for the fed to seize all power during this crisis??? Isn't that a true perversion of the system Yes, it would be diabolical. That's why this scenario struck a chord with me. It would be a very simple way to accelerate the entire process. The backlash from US taxpayers would be huge. I wholeheartedly agree with the rest of you analysis except for your thoughts on preventing a total collapse. No, I am not saying that at all, I am saying that may be the only option I see to prevent the complete ant total collapse of the dollar and the total collapse of the entire monetary system Quoting: cg This train can't be stopped. And even if it could, why would you want to? I'm all for protecting the innocent, but at some point, we have to be held responsible for our obligations. Yes, it's going to suck really bad, but we have to grow up sometime and become financially responsible as a country. If we look at history as an example, all great empires have one thing in common, they fall. If it is our time, then we embrace it, prepare for the impact, and figure out the best way to rebuild afterwards. The monetary system we have now is completely unsustainable. Even if we do manage for another year, how long can we keep raising the limit on the credit cards? The house of cards has to fall so we can rebuild with a stronger foundation. "...and we dance to the music that plays in our teeth..." :GLPbook: |
cg
(OP) User ID: 1119788 United States 09/12/2011 10:38 PM Report Abusive Post Report Copyright Violation | this is getting all too true, all too real, money is about to disappear, simply because the political will is not there. leaders do not have the luxury, Merkel or Obama of decisive action, "you will hate this now but like it later." or I am doing this even if my popularity goes to zero.' that is what bush said about invading Iraq, he just went ahead and did it. Quoting: cg We need someone to stem this disaster before it happens, prepare a stabilization fund for an emergency, broaden the feds powers, this really needs to be looked at, can the fed simply print two trillion dollars and inject them into the system??? Why did the fed not simply pump more money into the system and stave off default in August?? Oh, very clever trick, OP. You had me until you suggested giving the fed more power. I think I screwed up on the fed, my apologies, but instead of focusing on my opinion, focus instead of my trying to see the future, would it not be absolutely diabolical for the fed to seize all power during this crisis??? Isn't that a true perversion of the system I see your future and it leads to more of the same and worse to come. More boom and bust cycles. Are you seriously suggesting that the federal reserve takes over the system completely? Either you are delusional, a shill or this is the Onion. Hmmm...I'm hoping delusional. The total systematic collapse would be the best thing that could happen, as long as at the end we get to be free from government controls. If however it leads to straight out facism and tyranny, then no thanks I'll pass. I'm afraid it is inevitable either way at this point. 5 years from now we'll all be immigrating to Mexico to find work and escape tyranny, to get a ticket to china. My fear is that this crisis is the beginning of tyranny...Obama as the antichrist. No matter how bad u think the next two months are going to be they will be even worse, way worse, Literally the end of money itself. Let be be finale of seem The only emperor is the emperor of ice cream--Wallace Stevens I have seen the eternal footman hold my coat and snicker and in short I was afraid--T.S. Eliot [email protected] Back on twitter--follow me [email protected] |
Revbo™
User ID: 1546296 United States 09/12/2011 10:41 PM Report Abusive Post Report Copyright Violation | When Americans see the Greeks killing their leaders in the street while they get gunned down... Quoting: Anonymous Coward 1066534 then Americans will understand where the world is REALLY going. A massacre is coming, and it won't be those who truly deserve it that get killed, it will be the people who couldn't fly away on their G5's in time. Sad. A time of global upheaval is upon us. this is getting all too true, all too real, money is about to disappear, simply because the political will is not there. leaders do not have the luxury, Merkel or Obama of decisive action, "you will hate this now but like it later." or I am doing this even if my popularity goes to zero.' that is what bush said about invading Iraq, he just went ahead and did it. We need someone to stem this disaster before it happens, prepare a stabilization fund for an emergency, broaden the feds powers, this really needs to be looked at, can the fed simply print two trillion dollars and inject them into the system??? Why did the fed not simply pump more money into the system and stave off default in August?? Surely you're not implying that the federal reserve can save the system by printing more money...the notion is so ludicrous it's laughable. Yeah, I was digging this thread until I got there. Printing two trillion more dollars might buy us a few weeks, OP, but it's going to happen eventually, anyway. Why not just let it happen? John 8:32 And ye shall know the truth, and the truth shall make you free. |