the true danger to you is here ... 321gold.com
... in USA Today, read ''The Bush administration opposes including Social Security and Medicare in the audited deficit. Its reason: Congress can cancel or cut the retirement programs at any time, so they should not be considered a government liability for accounting purposes''.
... yes, certainly simple and a true solution to the difficult problem of deficit, and the efficacy can be enhanced by diluting the legal tender currency as well, at least the portion that is not made of ... well, you know
love those mogambo thoughts ... keeping things so simple and straightforward
-- Bankruptcy is completely avoidable if you have a fiat currency. Therefore, we don't have to be bankrupt, as a country, unless we want to. If we don't want to, then simply print up, say, a billion thousand-dollar bills for every trillion in debt we want to buy, and then use the newly-printed money to buy, and thus retire, the debt! Instantly, no national debt! Zero! No problem!
They just tried a variant of this trick in Zimbabwe, where they lopped three zeroes off the currency, and gave everybody a tight deadline to exchange old money for new (after which the old money would not be exchanged!) and, even so, subject to low limits on how much you could exchange at one time, which effectively confiscates all your money above the level of your similarly bankrupted peers. Welcome to fiat currency hell.
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